Hainan Jingliang Holdings Co., Ltd. Semi-Annual Report 2024 (Summary)Stock Code: 000505, 200505 Stock Name: JLKG, JL-B Announcement No. 2024-031
HAINAN JINGLIANG HOLDINGS CO., LTD.SEMI-ANNUAL REPORT 2024 (SUMMARY)
Part I Important NotesThis Summary is based on the full Annual Report of Hainan Jingliang Holdings Co., Ltd. (together with itsconsolidated subsidiaries, the “Company”, except where the context otherwise requires). In order for a fullunderstanding of the Company’s operating results, financial position and future development plans, investors shouldcarefully read the aforesaid full text, which has been disclosed together with this Summary on the media designatedby the China Securities Regulatory Commission (the “CSRC”).This Summary has been prepared in both Chinese and English. Should there be any discrepancies ormisunderstandings between the two versions, the Chinese version shall prevail.All the Company’s Directors have attended the Board meeting for the review of this Report and its summary.Independent auditor’s modified opinion:
□ Applicable ? Not applicable
Board-approved final cash and/or stock dividend plan for ordinary shareholders for the Reporting Period
□ Applicable ? Not applicable
The Company has no interim dividend plan, either in the form of cash or stock.Board-approved final cash and/or stock dividend plan for preferred shareholders for the Reporting Period:
□ Applicable ? Not applicable
Part II Key Corporate Information
1. Company Profile
| Stock name | JLKG, JL-B | Stock code | 000505、200505 |
| Stock exchange for stock listing | Shenzhen Stock Exchange | ||
| Contact information | Board Secretary | Securities Representative | |
| Name | Guan Ying | Gao Deqiu | |
| Office address | 8/F, Tower B, Capital Agricultural Science and Innovation Mansion, Building No.1, Community No.8, Xinning Street, Daxing District, Beijing | 8/F, Tower B, Capital Agricultural Science and Innovation Mansion, Building No.1, Community No.8, Xinning Street, Daxing District, Beijing | |
| Tel. | 010-81219989 | 010-81219989 |
| E-mail address | guanying@bjjlkg.cn | gaodeqiu@bjjlkg.cn |
2. Major Accounting Data and Financial Indicators
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes ? No
| H1 2024 | H1 2023 | Change (%) | |
| Operating revenue (RMB) | 5,555,906,994.14 | 4,823,234,208.18 | 15.19% |
| Net profit attributable to the listed company’s shareholders (RMB) | 24,058,518.07 | 73,581,795.36 | -67.30% |
| Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) | 13,290,211.37 | 58,095,675.61 | -77.12% |
| Net cash generated from/used in operating activities (RMB) | -221,065,422.09 | -137,349,545.79 | -60.95% |
| Basic earnings per share (RMB/share) | 0.03 | 0.10 | -70.00% |
| Diluted earnings per share (RMB/share) | 0.03 | 0.10 | -70.00% |
| Weighted average return on equity (%) | 0.76% | 2.37% | -1.61% |
| 30 June 2024 | 31 December 2023 | Change (%) | |
| Total assets (RMB) | 6,577,259,750.18 | 6,496,782,984.90 | 1.24% |
| Equity attributable to the listed company’s shareholders (RMB) | 3,140,090,722.46 | 3,167,503,541.44 | -0.87% |
3. Shareholders and Their Shares at the Period End
Unit: Share
| Number of ordinary shareholders | 54,654 | Number of preferred shareholders with resumed voting rights (if any) | 0 | |||
| Top 10 shareholders (not including through refinancing）) | ||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Number of shares | Restricted shares | Pledged, marked or frozen shares | |
| Status | Shares | |||||
| BEIJING GRAIN GROUP CO., LTD. | State-owned legal person | 39.68% | 288,439,561 | 0 | Not applicable | 0 |
| BEIJING STATE-OWNED CAPITAL OPERATION AND MANAGEMENT COMPANY LIMITED | State-owned legal person | 6.67% | 48,510,460 | 0 | Not applicable | 0 |
| WANG YUECHENG | Domestic natural person | 5.43% | 39,459,887 | 29,594,915 | Not applicable | 0 |
| MEI JIANYING | Domestic natural person | 0.36% | 2,604,104 | 0 | Not applicable | 0 |
| WANG ZHIQIANG | Domestic natural person | 0.34% | 2,507,123 | 0 | Not applicable | 0 |
| LISHERYNZHANMING | Foreign natural person | 0.33% | 2,407,700 | 0 | Not applicable | 0 |
| CHEN TIANHUA | Domestic natural person | 0.29% | 2,101,100 | 0 | Not applicable | 0 |
| TONG ZHENZHU | Domestic natural person | 0.27% | 1,970,000 | 0 | Not applicable | 0 |
| ZHANG XIAOXIA | Domestic natural person | 0.27% | 1,949,250 | 0 | Not applicable | 0 |
| YIN SHENGJIAN | Domestic natural person | 0.23% | 1,670,000 | 0 | Not applicable | 0 |
| Connected or acting-in-concert parties among shareholders above | ① Beijing State-Owned Capital Operation and Management Company Limited owns 100% of Beijing Grain Group Co., Ltd., and Beijing Grain Group Co., Ltd. is the controlling shareholder of the Company (a 39.68% holding). ②During the reporting period, Wang Yuecheng is a Deputy General Manager of the Company. Apart from that, the Company does not know whether there are any other related parties or acting-in-concert parties among the top 10 shareholders. | |||||
| Shareholders conducting margin trading (if any) | Shareholder Mei Jianying holds 2,604,104 shares in the Company through his account of collateral securities for margin trading in Huatai Securities Co., Ltd; Shareholder Chen Tianhua holds 2,093,500 shares in the Company through his account of collateral securities for margin trading in Founder Securities Co., Ltd.; Shareholder Tong Zhenzhu holds1,970,000 shares in the Company through his account of collateral securities for margin trading in China Merchants Securities Co., Ltd. | |||||
Margin trading participated by the shareholders of more than 5% holding shares, Top 10 and Top 10 withunrestricted shares.
□ Applicable ? Not applicable
Changes from margin trading due to credit/restitution for the shareholders of Top 10 and Top 10 with unrestrictedshares compared with last-term reporting period
□ Applicable ? Not applicable
4. Change of Controlling Shareholder or Actual Controller in Reporting PeriodChange of the controlling shareholder in the Reporting Period:
□ Applicable ? Not applicable
The controlling shareholder remained the same in the Reporting Period.Change of the actual controller in the Reporting Period:
□ Applicable ? Not applicable
The actual controller remained the same in the Reporting Period.
5. Numbers of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable ? Not applicable
No preferred shareholders in the Reporting Period.
6. Outstanding Bonds at the Date when this Report Was Authorized for Issue
? Applicable □ Not applicable
(1) Basic information of Bond
| Name of Bond | Abbreviation of Bonds | Bond code | Issue Date | Maturity Date | Bond Balance（in ten thousands Yuan） | Interest |
| Hainan Jingliang Holdings Co., Ltd 2023 public issuance of corporate bonds for qualified investors（1st issue） | 23Jingliang01 | 148434 | 21-22 Aug 2023 | 22 Aug 2026 | 30,000 | 2.88% |
(2) Financial indicators at the ending of the reporting period
| Item | 30 June 2024 | 31 December 2023 |
| Asset-liability ratio | 46.03% | 44.97% |
| Item | H1 2024 | H1 2023 |
| Interest cover ratio | 4.62 | 7.94 |
Part III Significant EventsThe year-on-year decline in the company's performance during the reporting period was mainly due to the followingtwo factors:
1.Oil and Grease Business: The international soybean supply in the reporting period was in a loose state, thedomestic soybean oil and soybean meal market had a glut and the price of main products from soybean oil andsoybean meal was a year-on-year decline, resulting in a year-on-year decrease in profit of oil and grease business.
2.Food Business: Affected by the downturn in traditional channels and the impact of competing products, the declinein sales of leisure food brought about a decrease in revenue, and the cost increase in the price of the main rawmaterial potato flour brought about a year-on-year decrease in the gross margin of leisure food, resulting in a year-on-year decrease in profit of leisure food.
Hainan Jingliang Holdings Co., Ltd.
August 28, 2024