JSHX(600307)2022-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥26,194,240,378.73, a decrease of 0.36% compared to ¥26,288,108,313.16 in the same period last year [22]. - The net profit attributable to shareholders of the listed company was -¥42,614,790.54, compared to a profit of ¥1,945,953,836.97 in the same period last year [22]. - The net cash flow from operating activities decreased by 44.21%, amounting to ¥1,864,260,666.17, down from ¥3,341,398,802.42 in the previous year [22]. - The total assets at the end of the reporting period were ¥41,681,709,858.41, a decrease of 0.57% from ¥41,921,367,505.77 at the end of the previous year [22]. - The net assets attributable to shareholders of the listed company were ¥13,757,788,917.21, a slight decrease of 0.20% from ¥13,785,068,139.75 at the end of the previous year [22]. - The basic earnings per share for the first half of 2022 was -¥0.0068, compared to ¥0.3107 in the same period last year [23]. - The weighted average return on net assets was -0.31%, a significant decline from 14.61% in the previous year [23]. - Operating revenue for the current period is ¥26,194,240,378.73, a decrease of 0.36% compared to ¥26,288,108,313.16 in the same period last year [31]. - Operating costs increased by 10.93% to ¥24,436,674,019.19 from ¥22,027,943,500.77 year-on-year [31]. - R&D expenses surged by 96.27% to ¥404,625,407.46, up from ¥206,157,730.03 in the previous year [31]. Production and Operations - The production of pig iron was 43,892.7 million tons, and steel production was 52,687.7 million tons, both showing a year-on-year decrease of 6.5% [26]. - The company achieved a domestic GDP of 562,641.6 billion yuan, with a year-on-year growth of 2.5% [26]. - The company has an annual steel production capacity exceeding 10 million tons, positioning itself as a comprehensive steel enterprise in the northwest region [26]. - The company produced 5.3383 million tons of steel and sold 4.8823 million tons, generating revenue of 26.194 billion yuan, with a net profit attributable to shareholders of -0.043 billion yuan [28]. - The company implemented cost reduction and efficiency enhancement activities, achieving a 9.7% reduction in steel costs and a 13.2% decrease in financial expenses [28]. - The company increased its new product output by 44% year-on-year, with trial product output rising by 39% [28]. - The company improved its comprehensive energy consumption per ton of steel by 5.16% and 3.34% in different plants [28]. - The company enhanced its market response capabilities, with sales volume in the Northwest region increasing by 5.9% and direct supply sales rising by 9.5% [28]. Environmental and Regulatory Compliance - The company reported emissions of 2,211.56 tons of sulfur dioxide and 2,023.59 tons of nitrogen oxides during the reporting period, adhering to pollution discharge standards [51]. - The company has implemented 249 sets of waste gas treatment facilities and 12 wastewater treatment systems at its main production site [51]. - The self-monitoring plan completion rate for environmental monitoring was 100%, with a monitoring data compliance rate also reaching 100% [51]. - The company has been recognized as a key pollutant discharge unit, with ongoing efforts to reduce emissions and improve resource utilization efficiency [51]. - The company is committed to improving environmental protection awareness and ensuring compliance with ultra-low emission standards [41]. - The company has initiated ultra-low emission transformation projects in the steel industry to further reduce pollutant emissions [51]. - The company’s environmental management activities have been certified under the ISO 14001 system [51]. Corporate Governance and Management - The company appointed Mr. Du Xin as the new General Manager and Mr. Wang Yong and Ms. Chen Yilin as Deputy General Managers following the resignation of previous executives [48]. - The company has described potential risks in the "Management Discussion and Analysis" section of the report [9]. - There were no plans for profit distribution or capital reserve transfer to increase share capital during the reporting period [7]. - The company has not disclosed any new stock incentive plans or employee stock ownership plans during this reporting period [48]. - The company has taken necessary measures to maintain the independence of its operations and avoid unfair related transactions with its controlling shareholder [58]. Community Engagement and Social Responsibility - The company purchased agricultural products worth CNY 164,500 from Gulang during the reporting period to support local farmers [56]. - The company organized a large-scale tree planting activity, planting a total of 11,000 trees in the supported villages [56]. - The company actively participated in pandemic prevention efforts, including daily disinfection and temperature checks in villages [56]. - The company has focused on rural revitalization efforts, preventing large-scale poverty return and enhancing community support initiatives [54]. - The company has established a monitoring information database for poverty alleviation, focusing on key risk groups and implementing targeted assistance measures [56]. Financial Position and Liabilities - The total liabilities decreased from CNY 28.14 billion to CNY 27.92 billion, a decline of about 0.8% [86]. - The company's cash and cash equivalents decreased from CNY 4.77 billion to CNY 4.07 billion, a decrease of approximately 14.6% [83]. - Short-term borrowings decreased by 19.06% to ¥7,704,000,000.00 from ¥9,517,772,000.00 year-on-year [34]. - Accounts payable increased by 26.45% to ¥7,228,194,451.75, driven by ongoing construction projects under the company's "14th Five-Year Plan" [34]. - The company reported a significant increase of 80.03% in construction in progress, primarily due to investments in optimization and upgrading projects [34]. Legal Matters - The company is involved in a lawsuit with Hebei Jiuzhou Environmental Protection Equipment Engineering Co., Ltd. regarding a labor contract dispute, with the amount in question being 22.98 million RMB [61]. - The company is also facing a lawsuit from Nippon Steel Corporation concerning patent rights, with no court summons received as of June 30, 2022 [64]. Research and Development - The company is investing 300 million, expected to enhance product offerings and market presence [121]. - The company plans to increase its marketing budget by 15% to support new product launches and market expansion [121].