吉宏股份(002803) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 2,621,189,624.90, representing a 5.22% increase compared to CNY 2,491,172,605.97 in the same period last year[25]. - The net profit attributable to shareholders of the listed company decreased by 36.48% to CNY 115,305,609.48 from CNY 181,520,866.71 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 40.97% to CNY 102,216,931.07 compared to CNY 173,168,200.73 in the same period last year[25]. - The basic earnings per share decreased by 35.42% to CNY 0.31 from CNY 0.48 in the same period last year[25]. - The diluted earnings per share also decreased by 35.42% to CNY 0.31 from CNY 0.48 in the previous year[25]. - The weighted average return on net assets was 5.99%, down from 9.91% in the same period last year, a decrease of 3.92%[25]. - The company achieved operating revenue of CNY 2,621,189,624.90, a year-on-year increase of 5.22%[36]. - Net profit attributable to shareholders was CNY 11,530.56 million, a decrease of 36.48% compared to the same period last year[36]. - Operating profit decreased to $139,479,221.78 from $214,240,650.38, representing a decline of approximately 34.9% year-over-year[199]. - Net profit for the period was $111,802,205.54, down from $178,165,707.05, indicating a decrease of about 37.2% compared to the previous year[199]. Cash Flow and Assets - The net cash flow from operating activities increased by 10.73% to CNY 213,202,318.40 from CNY 192,534,965.13 in the previous year[25]. - The total assets at the end of the reporting period were CNY 3,126,053,065.87, a 6.21% increase from CNY 2,943,285,951.02 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company increased by 6.33% to CNY 1,985,742,651.64 from CNY 1,867,591,849.87 at the end of the previous year[25]. - The company reported a net increase in cash and cash equivalents of CNY 166,703,121.65, a significant increase of 448.08% year-on-year[46]. - The company’s cash and cash equivalents increased to CNY 955,724,693.63 from CNY 755,524,328.06, representing a growth of about 26.5%[184]. - The total current assets reached CNY 2,096,860,590.98, up from CNY 1,936,872,595.29, marking an increase of around 8.3%[184]. - The company's non-current assets totaled CNY 1,029,192,474.89, compared to CNY 1,006,413,355.73 at the start of the year, showing a growth of about 2.3%[187]. Revenue Segmentation - The cross-border e-commerce business generated revenue of CNY 144,741.72 million, up 4.13% year-on-year, but net profit decreased by 41.62% to CNY 7,638.35 million[37]. - The domestic e-commerce segment reported revenue of CNY 5,230.63 million, with a second-quarter revenue increase of 29.61% to CNY 84,655.57 million[37]. - The packaging business revenue was CNY 101,218.90 million, reflecting a year-on-year growth of 2.82%[40]. - Internet business revenue was ¥1,583,529,485.0, making up 60.41% of total revenue, reflecting a year-on-year increase of 6.73%[49]. - The packaging business generated ¥1,012,188,955.3, accounting for 38.62% of total revenue, with a year-on-year growth of 2.82%[50]. - Domestic revenue amounted to ¥1,128,084,186.9, which is 43.04% of total revenue, showing a year-on-year increase of 10.21%[50]. Expenses and Financial Management - Sales expenses rose by 15.04% to CNY 768,496,701.76, primarily due to increased advertising costs in the e-commerce business[46]. - Financial expenses decreased by 28.39% to CNY 10,539,480.57, attributed to lower bank interest rates and reduced foreign exchange losses[46]. - Research and development expenses increased significantly to $73,886,948.01, up from $36,356,392.96, reflecting a growth of approximately 103.5% year-over-year[199]. - Total sales expenses rose to $768,496,701.76, compared to $668,016,917.38, marking an increase of about 15.0%[199]. - The company reported a financial expense of $10,539,480.57, down from $14,718,780.56, which is a decrease of approximately 28.5%[199]. Investment and Projects - The company’s total investment during the reporting period was ¥128,697,999.44, a substantial increase of 291.98% compared to the same period last year[59]. - The "Langfang Environmental Packaging Project" had an investment commitment of RMB 21,310 million, with a cumulative investment of RMB 20,792.85 million, achieving 97.57% of the investment progress[65]. - The company plans to terminate the Xiaogan Environmental Packaging Project due to changes in the operational environment and business strategy, reallocating the remaining funds to working capital[68]. - The company has not changed the investment projects, and all projects are on track to meet their expected benefits[65]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company held its first extraordinary general meeting of shareholders in 2022 with a participation rate of 44.08% on February 16, 2022[88]. - The annual general meeting in 2021 had a participation rate of 45.16% and approved multiple reports and proposals, including the 2021 annual profit distribution plan[88]. - The company terminated the 2021 restricted stock incentive plan and repurchased all 9,070,800 shares that were granted but not yet released from restrictions[94]. - The company did not report any changes in the management team during the reporting period[90]. - The company did not implement any employee stock ownership plans during the reporting period[95]. - The company did not introduce any other employee incentive measures during the reporting period[98]. Risks and Compliance - The company faces risks from fluctuations in raw material prices, particularly in paper, which may impact gross margins if customer orders decline[81]. - The company is exposed to foreign exchange risks due to its cross-border e-commerce operations, which involve multiple currencies including USD and JPY[82]. - The company reported no administrative penalties related to environmental issues during the reporting period[101]. - The company has established a comprehensive internal control system to protect shareholder rights and ensure timely and accurate information disclosure[102]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[109]. - The company has not issued any non-standard audit reports for the reporting period[111].