Hainan Jingliang Holdings Co., Ltd. Semi-annual Report 2020 (Summary)
Stock Code: 000505, 200505 Stock Name: JLKG, JL-B Announcement No. 2020-054
HAINAN JINGLIANG HOLDINGS CO., LTD.
SEMI-ANNUAL REPORT 2020 (SUMMARY)
Part I Important Notes
This Summary is based on the full text of the Semi-annual Report of Hainan Jingliang Holdings Co., Ltd.
(together with its consolidated subsidiaries, the “Company”, except where the context otherwise requires). In
order for a full understanding of the Company’s operating results, financial condition and future development
plans, investors should carefully read the aforesaid full text, which has been disclosed together with this Summary
on the media designated by the China Securities Regulatory Commission (the “CSRC”).
All the Company’s Directors have attended the Board meeting for the review of this Report and its summary.
This Summary has been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese version shall prevail.
Independent auditor’s modified opinion:
□ Applicable √ Not applicable
Board-approved interim cash and/or stock dividend plan for ordinary shareholders:
□ Applicable √ Not applicable
The Company has no interim dividend plan, either in the form of cash or stock.
Board-approved interim cash and/or stock dividend plan for preferred shareholders:
□ Applicable √ Not applicable
Part II Key Corporate Information
1. Stock 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
15/F, Jing Liang Building, NO. 16 East Third 15/F, Jing Liang Building, NO. 16 East Third
Office address Ring Middle Road, Chaoyang District, Ring Middle Road, Chaoyang District,
Beijing Beijing
Tel. 010-51672130 010-51672029
E-mail address 1124387865@qq.com gaodeqiu_jl@163.com
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Hainan Jingliang Holdings Co., Ltd. Semi-annual Report 2020 (Summary)
2. Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
H1 2020 H1 2019 Change (%)
Operating revenue (RMB) 3,750,773,067.63 3,283,277,725.39 14.24%
Net profit attributable to the listed
73,762,895.19 51,510,904.41 43.20%
company’s shareholders (RMB)
Net profit attributable to the listed
company’s shareholders before exceptional 67,995,189.95 41,194,473.59 65.06%
gains and losses (RMB)
Net cash generated from/used in operating
187,095,820.76 220,592,294.21 -15.18%
activities (RMB)
Basic earnings per share (RMB/share) 0.11 0.08 37.50%
Diluted earnings per share (RMB/share) 0.11 0.08 37.50%
Weighted average return on equity (%) 3.02% 2.24% 0.78%
30 June 2020 31 December 2019 Change (%)
Total assets (RMB) 5,334,498,957.68 5,231,266,600.19 1.97%
Equity attributable to the listed company’s
2,605,230,169.38 2,406,039,283.87 8.28%
shareholders (RMB)
3. Shareholders and Their Shares at Period-End
Unit: share
Number of preferred shareholders
Number of ordinary shareholders 59,539 with resumed voting rights (if 0
any)
Top 10 shareholders
Pledged or frozen
Nature of Shareholding shares
Name of shareholder Number of shares Restricted shares
shareholder percentage
Status Shares
BEIJING GRAIN GROUP State-owned legal
39.68% 288,439,561 164,877,598
CO., LTD. person
BEIJING STATE-OWNED
State-owned legal
CAPITAL OPERATION AND 6.67% 48,510,460 48,510,460
person
MANAGEMENT CENTER
Domestic natural
WANG YUECHENG 5.66% 41,159,887 41,159,887
person
Foreign natural
LI SHERYN ZHAN MING 1.88% 13,689,800
person
CHINA DEVELOPMENT State-owned legal
1.34% 9,707,366
BANK CAPITAL CO., LTD. person
GOLD BUFFALO
RUNYING (TIANJIN)
EQUITY INVESTMENT
FUND MANAGEMENT
Other 0.87% 6,307,736
CO., LTD.—GOLD
BUFFALO RUNYING
(TIANJIN) EQUITY
INVESTMENT FUND (L.P.)
Domestic natural
MEI JIANYING 0.36% 2,604,203
person
Domestic natural
WANG XIAOXING 0.27% 1,984,600
person
ZHANG XIAOXIA Domestic natural 0.27% 1,949,250
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Hainan Jingliang Holdings Co., Ltd. Semi-annual Report 2020 (Summary)
person
Domestic natural
CHEN OUQIN 0.23% 1,652,679
person
① Beijing State-Owned Capital Operation and Management Center owns 100%
of Beijing Grain Group Co., Ltd., and Beijing Grain Group Co., Ltd. is the
Connected or acting-in-concert parties among controlling shareholder of the Company (a 39.68% holding). ② Wang
shareholders above 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.
Shareholder Wang Xiaoxing holds 1,984,600 shares in the Company through his
Shareholders conducting margin trading (if any) account of collateral securities for margin trading in Soochow Securities Co.,
Ltd.
4. Change of Controlling Shareholder or Actual Controller in Reporting Period
Change 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. Corporate bonds
Does the Company have any corporate bonds publicly offered and listed on the stock exchange, which were undue
before the date of this Report’s approval or were due but could not be redeemed in full?
No.
Part III Operating Performance Discussion and Analysis
1. Business Overview of Reporting Period
Is the Company subject to any industry-specific disclosure requirements?
No.
In face of the constant hits by unfavorable factors such as the COVID-19 pandemic, the China-U.S. trade war and
the African swine fever in the first half of 2020, the Company proactively adjusted operating strategies, took the
initiative to seize opportunities, forged ahead against headwinds, and responded to new changes with new
thinking. As a result, the Company achieved solid growth in operating results, as well as progress in innovation
and development amid stability. For the Reporting Period, the Company recorded operating revenue of
RMB3,751 million, up 14.24% year-on-year; and net profits of RMB95 million, representing a 46.08% increase
from a year ago. By operating division, the oils and oilseeds division generated operating revenue of RMB3,289
million (a 17.19% year-on-year growth) and net profits of RMB48.38 million (a 95% year-on-year increase); and
the food division reported operating revenue of RMB450 million (a year-on-year decline of 0.55%) and net profits
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Hainan Jingliang Holdings Co., Ltd. Semi-annual Report 2020 (Summary)
of RMB60.97 million (a 0.64% year-on-year expansion).
1. Performance of the Oils and Oilseeds Division
The oils and oilseeds division of the Company is committed to building six major operational platforms—“Risk
Control and R&D, Operation of Stocks, Import & Export and Oils & Oilseeds Trading, Procurement of Raw and
Auxiliary Materials, Production Management, and Product Marketing”, and building a competitive industrial
chain featuring resource integration, information sharing and mutual support based on those platforms. This
advantage came into play especially during the COVID-19 pandemic. Given a considerable decrease in demand
for oils in small package of certain channels such as restaurants, canteens and food companies in the first half of
the year, the Company proactively promoted integrated marketing and online sales, emphasized initiative in
various work, and refreshed the operation and management system under the new circumstances. The oils
pressing business enhanced market judgment and seized raw material procurement opportunities. Apart from an
advance order of soybean placed in late last year, procurement was scheduled reasonably to ensure the supply of
raw materials. Jingliang Tianjin achieved, in the first half of the year, an operation rate of as high as 82.35% and a
significant year-on-year growth in net profits. The oils and oilseeds trading business adhered to the hedging model
and placed importance on development of futures, especially on product varieties that were less impacted in the
pandemic such as homegrown soybean, sunflower seed oil and non-GMO rapeseed oil, which has helped cushion
the impact of the pandemic. The oil storage business refreshed the service model, actively explored cooperation
models, and continued to build the brand in storage and management service.
2. Performance of the Food Production Division
With a decline in business in the first quarter of the year due to the pandemic, the food production division
adjusted marketing strategies in a timely manner, and continued to carry out product innovation. The snack food
business beefed up production and achieved a monthly output that is higher than the pre-pandemic average while
giving full play to e-commerce channels and strengthening marketing through short videos and live streaming to
turn the crisis to opportunities, in addition to maintaining and promoting the existing distribution channels. The
baking business strengthened development of new products, completed the development and launch of new
products in cooperation with other relevant entities, beefed up online sales and improved the sales model.
2. Matters Related to Financial Reporting
(1) Changes in Accounting Policies, Accounting Estimates or Measurement Methods Compared to Last
Accounting Period
□ Applicable √ Not applicable
No such cases.
(2) Retrospective Restatements due to Correction of Material Accounting Errors in Reporting Period
□ Applicable √ Not applicable
No such cases.
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Hainan Jingliang Holdings Co., Ltd. Semi-annual Report 2020 (Summary)
(3) Changes in Scope of Consolidated Financial Statements Compared to Last Accounting Period
□ Applicable √ Not applicable
No such cases.
Hainan Jingliang Holdings Co., Ltd.
22 August 2020
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