Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 1.87 RMB per 10 shares, totaling approximately 58.98 million RMB, which represents 61.20% of the net profit attributable to shareholders for the year[6]. - The total number of shares entitled to profit distribution is 315,390,291 after excluding treasury shares[6]. - The company did not issue bonus shares or increase capital reserves during the reporting period[6]. - The company reported a total cash dividend distribution of approximately 120.30 million RMB, including the repurchase fund used in 2022[6]. - The company implemented a cash dividend policy, distributing a total of 45,148,120.16 RMB, which accounts for 30.16% of the net profit attributable to shareholders[109]. - The cash dividend per 10 shares is 1.4315 RMB, with a total cash dividend amounting to 120,303,175.24 RMB, representing 61.20% of the net profit attributable to shareholders[112]. Financial Performance - The company's operating revenue for 2022 was CNY 2,409,784,719.07, representing a 14.25% increase compared to CNY 2,109,258,100.81 in 2021[22]. - The net profit attributable to shareholders for 2022 was CNY 196,560,979.49, a 31.33% increase from CNY 149,670,727.48 in 2021[22]. - The basic earnings per share for 2022 was CNY 0.6214, reflecting an 11.52% increase from CNY 0.5572 in 2021[23]. - The company's total assets as of the end of 2022 were CNY 3,933,478,713.51, a 13.29% increase from CNY 3,472,149,517.81 at the end of 2021[22]. - The net cash flow from operating activities for 2022 was CNY 300,954,052.51, a decrease of 16.12% compared to CNY 358,779,203.27 in 2021[22]. - The company reported a decrease in the weighted average return on equity to 8.57% in 2022 from 9.02% in 2021[23]. - In 2022, the company achieved operating revenue of CNY 240,978.47 million, a year-on-year increase of 14.25%, and a net profit attributable to shareholders of CNY 19,656.10 million, up 31.33%[43]. Market and Industry Trends - The dairy product market is experiencing a shift towards diversified products, with a notable increase in demand for low-temperature fresh milk[28]. - The government has implemented policies to support the dairy industry, aiming for a national milk production of approximately 41 million tons by 2025[30]. - The company aims to strengthen its market position and expand its scale in response to the growing consumer demand for health and nutrition[29]. - The market is experiencing intensified competition, with domestic brands focusing on technological innovation and foreign brands leveraging strong product capabilities to penetrate both first and second-tier markets[32]. Research and Development - The company has increased its R&D investment to upgrade products such as pasteurized milk and low-temperature yogurt, aiming for high-end development to meet diverse consumer demands[31]. - Research and development expenses increased by 57.74% to CNY 10,251,694.83, attributed to higher investment in new product development and livestock breeding technology[47]. - The company has been awarded 41 national patents, including 7 invention patents, showcasing its strong innovation capabilities[40]. Operational Efficiency and Quality Control - The company operates 18 dairy farms with a total of approximately 44,000 cattle, ensuring stable and high-quality raw milk supply[37]. - The company has established a comprehensive and modern management system, including ISO9001 and HACCP22000 standards, to ensure quality control throughout production[39]. - The company emphasizes the importance of high-quality raw milk sources, with a strategy to maintain a high self-sufficiency rate in fresh milk production[37]. - The company’s raw milk quality compliance rate reached 100%, supported by a robust quality control system and advanced inspection equipment[41]. - The company implemented strict quality control measures for milk, including on-site evaluations by industry experts to enhance milk source quality[46]. Sales and Distribution - The company has developed a robust sales network, utilizing both direct sales and distribution models to reach various market segments[36]. - The company has established 764 specialty stores across nearly 100 cities and counties, enhancing customer engagement and brand presence[43]. - The company’s sales from outside Xinjiang accounted for 43.04% of total revenue, indicating successful market penetration strategies[43]. - The company’s online sales strategy has been effective, with significant participation in major e-commerce platforms, enhancing brand visibility and sales[44]. Governance and Compliance - The company has a structured governance framework, ensuring compliance with laws and regulations, and has received an A rating for its information disclosure practices for four consecutive years[80]. - The company held three shareholder meetings in 2022, with all 17 proposals approved[82]. - The company has established and executed an insider information management system, ensuring no insider trading was detected prior to significant disclosures[81]. - The company’s governance structure is in compliance with the Company Law and relevant regulations from the China Securities Regulatory Commission[81]. - The company has not engaged in any related party transactions that would affect its independence[81]. Environmental Responsibility - In 2022, the company invested approximately 11.83 million RMB in environmental protection efforts[119]. - The company’s subsidiaries, Tianrun Technology and Shawan Gary, maintained compliance with wastewater discharge standards, with average concentrations of COD at 67.02 mg/L and 32.77 mg/L respectively[120]. - The company has developed a self-monitoring plan for environmental compliance, with all monitoring results in 2022 meeting the required standards[125]. - The company has implemented carbon reduction measures, including the use of energy-efficient equipment and low-nitrogen combustion gas boilers, to minimize pollutant emissions[129]. - The company reported no environmental pollution incidents in 2022, demonstrating effective environmental management practices[127]. Future Outlook and Risks - The company’s future plans and development strategies are subject to investment risks and do not constitute a commitment to investors[7]. - The company is facing risks from potential negative news in the dairy industry that could impact consumer confidence and market demand[72]. - The company recognizes the risk of significant diseases in the upstream livestock industry affecting milk supply and consumer demand[73]. - The company plans to expand its market presence outside Xinjiang, focusing on low-temperature yogurt while facing increasing competition from national brands and potential mergers and acquisitions in the industry[74].

新疆天润乳业股份有限公司 证券代码： 600419 证券简称：天润乳业 新疆天润乳业股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活 \n动类别 | □ 特定对象调研 \n□ 媒体采访 \n□ 新闻发布会 \n□ 现场参观 | □ 分析师会议 \n √ 业绩说明会 \n □ 路演活动 | | 参与单位名称 及人员姓名 | □ 其他 投资者网上提问 | （请文字说明其他活动内容） | | 时间 | 2022 年 5 月 13 日 ( | 周五 ) 下午 16:00~17:00 | | 地点 | 采用网络 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 618,008,416.08, representing a year-on-year increase of 19.67%[3] - The net profit attributable to shareholders for Q3 2022 was CNY 46,011,375.63, up 45.33% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was CNY 42,005,262.00, an increase of 52.16% year-on-year[3] - The basic earnings per share for Q3 2022 was CNY 0.1437, reflecting a 21.88% increase compared to the same period last year[3] - The net profit for Q3 2022 was CNY 158,135,315.03, an increase of 28.6% compared to CNY 122,825,835.59 in Q3 2021[18] - The total profit for Q3 2022 was CNY 173,268,561.28, an increase of 23.3% from CNY 140,470,791.38 in Q3 2021[18] - The operating profit for Q3 2022 was CNY 181,362,753.24, compared to CNY 142,504,422.52 in Q3 2021, reflecting a growth of 27.2%[18] Revenue and Costs - Total revenue for the first three quarters of 2022 reached CNY 1,851,472,931.78, an increase of 17.7% compared to CNY 1,571,916,458.67 in the same period of 2021[16] - Total operating costs for the first three quarters of 2022 were CNY 1,693,437,215.28, up from CNY 1,443,671,571.47 in 2021, reflecting a year-on-year increase of 17.3%[16] - The company's operating costs for the first three quarters of 2022 were ¥689,755,140.48, slightly higher than ¥672,242,359.07 in the same period of 2021[28] Assets and Liabilities - The total assets at the end of Q3 2022 reached CNY 3,812,293,276.72, a 9.80% increase from the end of the previous year[4] - The total assets as of September 30, 2022, amounted to ¥2,821,425,307.24, a decrease from ¥2,924,663,557.74 at the end of 2021[27] - The total liabilities increased to CNY 1,316,274,844.13 from CNY 1,170,064,759.07, reflecting a rise of 12.5%[14] - The total liabilities decreased to ¥789,923,940.96 from ¥937,452,687.72 in the previous year, indicating improved financial stability[27] - The total equity attributable to shareholders at the end of Q3 2022 was CNY 2,266,333,568.19, a 2.14% increase from the end of the previous year[4] - The total equity increased to ¥2,031,501,366.28 from ¥1,987,210,870.02, reflecting a growth of approximately 2.2%[27] Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 32.04% due to increased raw material purchases[6] - The cash flow from operating activities for the first nine months of 2022 was CNY 120,865,217.68, down 32.1% from CNY 177,859,685.45 in the same period of 2021[22] - The company's cash inflow from operating activities totaled CNY 2,109,228,722.84 for the first nine months of 2022, compared to CNY 1,831,765,054.22 in the same period of 2021, reflecting a growth of 15.1%[22] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2022 was CNY 458,804,779.55, up from CNY 423,443,472.28 at the end of the same period in 2021[32] Shareholder Information - The company reported a total of 22,213 common shareholders at the end of the reporting period[8] Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 5,336,398.86, compared to CNY 4,645,264.64 in 2021, showing an increase of 14.9%[16]

Financial Performance - Basic earnings per share for the first half of 2022 was CNY 0.3371, an increase of 11.51% compared to CNY 0.3023 in the same period last year[22]. - Diluted earnings per share for the first half of 2022 was also CNY 0.3371, reflecting the same growth of 11.51% year-on-year[22]. - The net profit attributable to shareholders for the first half of 2022 increased by 4.93% to CNY 0.3021 per share after excluding non-recurring gains and losses, compared to CNY 0.2879 in the previous year[22]. - The company's operating revenue for the first half of the year reached CNY 1,233,464,515.70, representing a 16.86% increase compared to the same period last year[24]. - Net profit attributable to shareholders was CNY 107,943,039.26, up 32.93% year-on-year[24]. - The net profit after deducting non-recurring gains and losses was CNY 96,736,670.34, reflecting a 25.09% increase from the previous year[24]. - The company reported a net profit distribution to owners of CNY -45,146,824.69, indicating a loss allocation for the period[126]. - The total comprehensive income for the first half of 2022 was CNY 7,888,367.22, indicating a recovery from the previous year's loss of CNY 12,197,836.99[132]. Asset and Liability Management - Total assets increased by 8.76% to CNY 3,776,157,820.67 at the end of the reporting period[24]. - The total liabilities rose to CNY 1,092,700,059.72, compared to CNY 937,452,687.72 in the previous year, showing an increase of 16.5%[112]. - The total owner's equity at the end of the first half of 2022 was CNY 1,888,535,383.89, a decrease of CNY 98,675,486.13 compared to the beginning of the year[131]. - The total liabilities at the end of the reporting period were CNY 1,766,994,868.26, which shows an increase from the previous year[126]. - The company's retained earnings increased to CNY 530,150,390.93 from CNY 467,354,176.36, showing a growth of about 13.43%[108]. Operational Efficiency - The company implemented a refined management system through a customized ERP system, improving operational efficiency across various functions[34]. - The company’s cash flow from operating activities was CNY 151.51 million, with tax payments amounting to CNY 29.93 million[37]. - The company’s operating cash flow decreased by 14.98% to CNY 151,508,086.69 compared to the previous year[43]. - The company paid CNY 1,015,077,043.97 for goods and services, which is an increase of 27.5% from CNY 795,870,883.54 in the previous year[119]. Market Expansion and Product Development - The company is focusing on high-end and health-oriented product development to meet evolving consumer demands[32]. - The company launched new products including strawberry-flavored yogurt and zero-sugar yogurt, enhancing market share with innovative flavors and packaging[35]. - The company is focusing on expanding its market presence outside Xinjiang, leveraging online platforms for marketing[53]. - The company aims to strengthen its product lines in low-temperature yogurt and expand into ambient and dairy beverage segments[53]. Innovation and Research - The company has obtained 40 national patents, including 7 invention patents, showcasing its strong innovation capabilities[35]. - Research and development expenses increased to CNY 3,235,724.40 from CNY 3,169,607.91, indicating a focus on innovation[115]. Risk Management - The company has outlined potential risks and countermeasures in the report, emphasizing the importance of investor awareness regarding investment risks[7]. - The company is facing risks from potential negative news in the dairy industry, which could significantly impact consumer confidence and demand[50]. - Increased regulatory scrutiny in the dairy industry may lead to higher operational costs, affecting profit margins[50]. - The company is exposed to risks from upstream livestock diseases that could affect milk supply and quality[51]. Environmental and Social Responsibility - The company is increasing investments in environmental protection to comply with stricter regulations and avoid potential penalties[54]. - The company has not experienced any environmental violations during the first half of 2022, with all monitored pollutants meeting the standards[69]. - The company is actively supporting the development of dairy cattle breeding and forage planting in the 51st regiment of the Xinjiang Production and Construction Corps, enhancing local economic development[72]. Shareholder and Corporate Governance - The company has not proposed any profit distribution or capital reserve transfer plans for the first half of 2022[61]. - The company has conducted two shareholder meetings in the first half of 2022, with all 16 proposals approved[60]. - The company has established a commitment to avoid preferential treatment in transactions with Tianrun Dairy compared to independent third parties[76]. - The company and its controlling shareholder have maintained a good integrity status, with no outstanding court judgments or significant debts due[82]. Financial Reporting and Compliance - The financial report for the first half of 2022 has not been audited[5]. - The company’s financial report was approved by the board of directors on August 25, 2022[141]. - The company has confirmed its ability to continue as a going concern for the next 12 months[143].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 542,983,359.79, representing a year-on-year increase of 17.33%[5] - The net profit attributable to shareholders for the same period was CNY 35,337,917.08, reflecting a growth of 5.69% compared to the previous year[5] - The net profit for Q1 2022 was CNY 36,851,940.09, a slight increase from CNY 36,233,170.20 in Q1 2021, representing a growth of 1.7%[19] - The total revenue from sales of goods and services in Q1 2022 was CNY 567,089,585.94, compared to CNY 476,256,103.27 in Q1 2021, indicating an increase of approximately 19.1%[23] - The total profit before tax for Q1 2022 was CNY 41,628,797.21, compared to CNY 39,323,138.49 in Q1 2021, marking an increase of about 5.8%[19] Earnings and Profitability - Basic and diluted earnings per share were both CNY 0.1104, a decrease of 11.33% compared to the same period last year[5] - The basic and diluted earnings per share for Q1 2022 were CNY 0.1104, down from CNY 0.1245 in Q1 2021, representing a decrease of approximately 16.5%[20] - Operating profit margin for Q1 2022 was approximately 7.0%, down from 7.7% in Q1 2021, indicating a slight decrease in profitability[18] - The company incurred a total operating expense of CNY 501,836,991.35 in Q1 2022, which was higher than CNY 398,210,220.72 in Q1 2021, indicating an increase of approximately 26.0%[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -50,187,421.53, a significant decrease of 393.22% year-on-year[5] - The cash flow from operating activities showed a net outflow of CNY 50,187,421.53 in Q1 2022, worsening from a net outflow of CNY 10,175,514.31 in Q1 2021[24] - The cash inflow from operating activities reflects a positive trend, indicating improved operational efficiency and revenue generation capabilities[33] - The cash and cash equivalents at the end of Q1 2022 amounted to CNY 869,163,386.60, compared to CNY 318,843,127.37 at the end of Q1 2021, showing a significant increase of 172.5%[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,437,073,640.41, a decrease of 1.01% from the end of the previous year[6] - The equity attributable to shareholders was CNY 2,207,516,320.60, down by 0.51% compared to the previous year-end[6] - Total liabilities decreased to CNY 1,144,901,544.71, down from CNY 1,170,064,759.07 at the end of 2021, reflecting a reduction of 2.1%[16] - The company's retained earnings increased to CNY 502,692,093.44, up from CNY 467,354,176.36 at the end of 2021, showing a growth of 7.0%[16] Operational Metrics - The company sold 60,700 tons of dairy products in the first quarter of 2022[12] - The company experienced an increase in procurement costs and operating expenses, impacting cash flow negatively[8] - Total operating costs for Q1 2022 were CNY 504,966,717.33, up from CNY 427,016,734.58 in Q1 2021, reflecting a growth of 18.2%[18] Research and Development - The company plans to continue investing in research and development, with R&D expenses for Q1 2022 amounting to CNY 1,749,183.22, compared to CNY 1,534,580.41 in Q1 2021[18]

Financial Performance - The company reported a distributable profit of RMB 234,158,645.42 as of December 31, 2021, with a proposed cash dividend of RMB 1.41 per 10 shares, totaling RMB 45,146,824.69 for all shareholders[5]. - The company's operating revenue for 2021 was approximately ¥2.11 billion, representing a year-over-year increase of 19.32% compared to ¥1.77 billion in 2020[22]. - Net profit attributable to shareholders for 2021 was approximately ¥149.67 million, a slight increase of 1.52% from ¥147.43 million in 2020[22]. - The net cash flow from operating activities increased significantly by 64.49% to approximately ¥358.78 million in 2021, up from ¥218.12 million in 2020[23]. - The company's net assets grew by 41.48% to approximately ¥2.22 billion at the end of 2021, compared to ¥1.57 billion at the end of 2020[24]. - Total assets increased by 34.04% to approximately ¥3.47 billion at the end of 2021, up from ¥2.59 billion at the end of 2020[24]. - The total revenue for the company was CNY 2,102,383,746.37, with a gross margin of 16.36%, reflecting a decrease of 5.01 percentage points compared to the previous year[50]. - The company sold 243,300 tons of dairy products in 2021, marking a growth of 22.70% year-on-year[42]. Corporate Governance - The company has established a comprehensive corporate governance structure, ensuring compliance with relevant laws and regulations[87]. - The board of directors consists of 9 members, including 3 independent directors, ensuring a balanced governance approach[88]. - The company held 2 shareholder meetings in 2021, with all 21 proposals approved, demonstrating effective governance[90]. - The total pre-tax remuneration for the board members and senior management in 2021 amounted to CNY 6.931 million[92]. - The company has disclosed 52 temporary announcements and 4 regular reports during the reporting period, maintaining transparency[89]. Risk Management - The company has outlined potential risks and countermeasures in its report, emphasizing the importance of investor awareness regarding investment risks[6]. - The company faces risks from potential negative news affecting market demand, which could severely impact consumer confidence in the dairy industry[80]. - The company is exposed to risks from significant diseases in the upstream livestock industry, which could impact milk supply and consumer demand[81]. - The company is at risk of increased costs due to stricter industry regulations following past food safety incidents, which may affect profitability[80]. Product Development and Innovation - In 2021, the company launched new products including "Grape-flavored Yogurt," "Altai Yogurt," and "Summer Pasture Pure Milk," aiming to increase market share through product differentiation[40]. - The company completed the development of over 50 new products in 2021, including Altai-flavored yogurt and blood orange pomegranate yogurt[45]. - The company holds 39 national patents, including 6 invention patents, demonstrating its strong innovation capabilities in the dairy industry[40]. - The company is actively involved in R&D collaborations with universities, enhancing its technological capabilities and product innovation[40]. Market Strategy - The company has established a market network across 32 provinces and cities in China, focusing on both traditional and modern sales channels[41]. - The company aims to enhance its brand and product development through market-driven strategies and strengthen its dairy and livestock sectors[75]. - The company aims to enhance brand influence by establishing a dual-channel market system, focusing on both online and offline sales channels, and targeting both domestic and external markets[77]. Environmental Responsibility - The company has increased investment in environmental protection, ensuring compliance with regulations and improving waste treatment facilities[83]. - Tianrun Technology's average discharge concentration for COD was 45.07 mg/L and for ammonia nitrogen was 1.9 mg/L, with total emissions of 36.5 tons and 1.54 tons respectively in 2021[124]. - Tianrun Technology and Shawan Gary both have wastewater treatment facilities with capacities of 2500 tons/day and 960 tons/day respectively, operating smoothly in 2021[125]. Financial Audits and Compliance - The company’s financial report has been audited by Sigma Accounting Firm, which issued a standard unqualified opinion[4]. - The audit report indicates no significant misstatements in the financial statements, providing reasonable assurance regarding their accuracy[193]. - The company plans to continue its relationship with Sigma Accounting Firm for the 2022 financial and internal control audits, with a total audit fee of CNY 1 million[148]. Shareholder Relations - The company has committed to protecting the interests of minority shareholders against potential conflicts of interest[142]. - The company reported a commitment to transparency in related party transactions, adhering to legal and regulatory requirements[142]. - The total number of common shareholders increased from 25,943 to 30,886 during the reporting period[169].

Financial Performance - The company's operating revenue for Q3 2021 was approximately RMB 516.42 million, representing an increase of 18.50% year-on-year[2]. - The net profit attributable to shareholders for Q3 2021 was approximately RMB 31.66 million, a decrease of 21.03% compared to the same period last year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 27.61 million, down 28.56% year-on-year[2]. - Total operating revenue for the first three quarters of 2021 reached ¥1,571,916,458.67, an increase of 19.1% compared to ¥1,318,735,400.65 in the same period of 2020[17]. - The company reported a net profit of ¥128,244,887.20 for the first three quarters of 2021, compared to ¥152,886,344.00 in the same period of 2020, indicating a decline of 16.2%[17]. - The net profit for Q3 2021 was CNY 122,825,835.59, a slight increase from CNY 121,913,189.83 in Q3 2020, representing a growth of 0.75%[18]. - The total profit for Q3 2021 was CNY 140,470,791.38, slightly higher than CNY 138,671,560.11 in Q3 2020, marking an increase of approximately 1.30%[18]. Assets and Liabilities - The total assets at the end of Q3 2021 amounted to approximately RMB 2.86 billion, reflecting a growth of 10.57% compared to the end of the previous year[3]. - Total assets reached ¥2,864,200,733.99, an increase of 10.6% from ¥2,590,315,396.00 in 2020[14]. - Total liabilities amounted to ¥1,062,032,240.92, up 22.5% from ¥866,653,847.91 in 2020[14]. Cash Flow - The cash flow from operating activities for the year-to-date period reached approximately RMB 177.86 million, an increase of 78.96% due to higher product sales and revenue[5]. - The cash flow from operating activities for Q3 2021 was CNY 177,859,685.45, compared to CNY 99,385,481.64 in Q3 2020, reflecting an increase of about 78.93%[23]. - The total operating cash inflow for the first three quarters of 2021 was CNY 1,831,765,054.22, compared to CNY 1,508,555,894.25 in the same period of 2020, indicating a growth of approximately 21.41%[23]. - The net cash flow from financing activities for Q3 2021 was CNY 29,967,798.85, a significant decrease from CNY 379,112,306.60 in Q3 2020[24]. - The company incurred a total investment cash outflow of CNY 199,726,194.82 in Q3 2021, down from CNY 242,336,207.70 in Q3 2020, reflecting a decrease of about 17.54%[23]. Shareholder Information - The top shareholder, Xinjiang Production and Construction Corps, holds 31.10% of the company's shares, indicating strong state ownership[8]. Sales and Inventory - The company achieved a total dairy product sales volume of 180,300 tons from January to September 2021[10]. - Total operating costs for the first three quarters of 2021 were ¥1,443,671,571.47, up 23.7% from ¥1,166,848,055.54 in 2020[17]. - Gross profit margin for the first three quarters of 2021 was approximately 8.2%, compared to 10.1% in the same period of 2020[17]. - Cash and cash equivalents increased to ¥430,965,529.43 as of September 30, 2021, from ¥370,154,344.95 at the end of 2020, representing a growth of 16.4%[12]. - Accounts receivable rose to ¥103,379,649.54, a 33.3% increase from ¥77,516,188.48 in 2020[12]. - Inventory levels increased to ¥306,783,566.80, up 7.4% from ¥284,092,459.64 at the end of 2020[12]. Earnings Per Share - The basic earnings per share for Q3 2021 was RMB 0.1179, a decrease of 26.74% compared to the same period last year[2]. - Basic and diluted earnings per share for Q3 2021 were CNY 0.4202, down from CNY 0.4593 in Q3 2020, representing a decrease of approximately 8.06%[19]. - The weighted average return on equity for Q3 2021 was 1.96%, down 0.65 percentage points year-on-year[3]. Research and Development - Research and development expenses increased to ¥4,645,264.64, a rise of 60% compared to ¥2,908,594.25 in 2020[17].

Financial Performance - The company reported a total revenue of RMB XX million for the first half of 2021, representing a YY% increase compared to the same period in 2020[19]. - The net profit attributable to shareholders for the first half of 2021 was RMB XX million, reflecting a ZZ% growth year-over-year[19]. - The company's operating revenue for the first half of the year reached ¥1,055,496,637.34, representing a year-on-year increase of 19.54% compared to ¥882,952,418.09 in the same period last year[20]. - The net profit attributable to shareholders was ¥81,204,473.58, a slight increase of 1.33% from ¥80,137,836.98 in the previous year[20]. - The net cash flow from operating activities surged by 102.52%, amounting to ¥178,199,156.18, compared to ¥87,990,988.64 in the same period last year[20]. - The company's total assets increased by 6.60% to ¥2,761,316,263.06 from ¥2,590,315,396.00 at the end of the previous year[20]. - The basic earnings per share rose to ¥0.3023, reflecting a 1.31% increase from ¥0.2984 in the same period last year[21]. - The weighted average return on equity decreased by 0.51 percentage points to 5.09% from 5.60% in the previous year[21]. - The company reported a total of ¥3,873,571.08 in non-recurring gains and losses, primarily due to government subsidies and other income[22]. - The company achieved a 39.91% increase in operating costs, totaling approximately ¥864.12 million, due to increased sales volume and rising raw material prices[54]. Market Expansion and Product Development - User data indicated an increase in customer base by AA% during the reporting period, contributing to overall sales growth[19]. - The company has outlined a future outlook projecting a revenue growth of BB% for the second half of 2021, driven by new product launches and market expansion strategies[19]. - New product development efforts have led to the introduction of CC new dairy products, which are expected to enhance market competitiveness[19]. - The company is planning to expand its market presence in DD regions, aiming to capture a larger share of the dairy market[19]. - The company launched several new products in 2021, including flavored yogurt and pure milk, to enhance market share[34]. - The company aims to strengthen its product lines, focusing on low-temperature yogurt while expanding into ambient and dairy beverage markets[67]. - The company is expanding its market presence outside Xinjiang, targeting regions like East and North China, with sales in major chains increasing[66]. - The company plans to further expand its market presence outside Xinjiang, leveraging online platforms to increase brand recognition and product penetration[37]. Operational Strategies and Risk Management - The company has implemented new strategies focusing on supply chain optimization and cost reduction, which are anticipated to improve profit margins[19]. - The management has identified several key risks, including market volatility and supply chain disruptions, and has developed corresponding mitigation strategies[6]. - The company faces risks from potential negative news in the dairy industry, which could severely impact consumer confidence and demand[64]. - Increased regulatory scrutiny in the dairy sector may lead to higher operational costs, affecting profit margins[64]. - The company is at risk of supply shortages and price volatility for raw materials, which could adversely affect production and operations[68]. - The competitive landscape is intensifying, with national brands potentially acquiring regional players, posing a threat to market share[67]. Environmental and Compliance Measures - The company has established a comprehensive ERP information system to enhance management efficiency across various operational segments[33]. - The company has developed emergency response plans for environmental incidents, which have been filed with the environmental protection bureau[80]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[82]. - The company has implemented a self-monitoring plan for pollutants, which includes monitoring projects, locations, frequencies, and methods[81]. - The company is investing in environmental protection measures to comply with increasing regulatory standards, which may impact operational costs[67]. Shareholder and Corporate Governance - The company reported a total of 33,784 ordinary shareholders as of the end of the reporting period[99]. - The largest shareholder, Xinjiang Production and Construction Corps, increased its holdings by 4,362,795 shares, holding a total of 83,532,530 shares, representing 31.10% of the total[100]. - The company has no significant litigation or arbitration matters during the reporting period[91]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[91]. - The company has committed to transparency in related transactions and will disclose information as required by laws and regulations[89]. Financial Reporting and Accounting Policies - The financial report has not been audited, and the management team has confirmed the accuracy and completeness of the financial data presented[7]. - The company adheres to the enterprise accounting standards, ensuring that its financial statements accurately reflect its financial status and operational results[150]. - The company’s accounting policies include specific methods for handling mergers and acquisitions, ensuring proper valuation and reporting of assets and liabilities[153]. - The company’s financial statements are prepared based on continuous operations, with a fiscal year running from January 1 to December 31[151]. - The company has established a comprehensive approach to consolidate financial statements, ensuring all significant internal transactions are eliminated[155]. Employee Compensation and Welfare - The company recognizes employee compensation as a liability during the accounting period in which services are provided, with related costs allocated to asset costs and expenses[200]. - The total short-term compensation is critical for assessing the company's labor cost structure and financial health[200]. - Medical, work injury, and maternity insurance fees are significant components of the company's employee welfare expenses[200]. - The company emphasizes the importance of short-term paid leave in its employee compensation framework[200].

新疆天润乳业股份有限公司 证券代码：600419 证券简称：天润乳业 公告编号：临 2021-030 新疆天润乳业股份有限公司关于 参加 2021 年新疆辖区投资者网上集体接待日 暨上市公司业绩说明会活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为便于广大投资者更深入全面地了解新疆天润乳业股份有限公司（以下简称 "公司"）的基本情况、发展战略、经营状况、融资计划、可持续发展等投资者 所关心的问题，公司定于 2021 年 6 月 18 日参加由新疆上市公司协会联合深圳市 全景网络有限公司组织开展的 2021 年新疆辖区投资者网上集体接待日暨上市公 司业绩说明会活动。现将有关事项公告如下： 一、参与方式及时间 本次活动将在深圳市全景网络有限公司提供的网上平台，采取网络远程的方 式举行 。 投 资 者 可 以 登 录 全 景 网 " 投 资 者 关 系 互 动 平 台 " 网 站 （http://ir.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012）， 参与公司本次活动，活动时间为 2021 ...

Financial Performance - Total revenue for Q1 2021 reached CNY 462,789,932.75, an increase of 33.19% compared to CNY 347,454,023.83 in the same period last year[5] - Net profit attributable to shareholders was CNY 33,435,567.68, representing a 69.40% increase from CNY 19,737,899.73 year-on-year[5] - Profit before tax surged by 89.93% to CNY 39,323,138.49, driven by higher sales and revenue growth[9] - The net profit attributable to shareholders for the same period was CNY 33.44 million, reflecting a positive performance[10] - Net profit for Q1 2021 was ¥36,233,170.20, compared to ¥18,734,043.83 in Q1 2020, indicating a year-over-year increase of 93.5%[22] Research and Development - The company reported a significant increase in R&D expenses, which rose by 290.19% to CNY 1,534,580.41, reflecting enhanced investment in product development[9] - Research and development expenses for Q1 2021 were ¥1,534,580.41, significantly higher than ¥393,288.98 in Q1 2020, marking a 290.5% increase[21] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -10,175,514.31, an improvement from CNY -55,262,422.15 in the same period last year[5] - The cash flow from operating activities showed a net outflow of ¥10,175,514.31 in Q1 2021, an improvement from a net outflow of ¥55,262,422.15 in Q1 2020[29] - The cash inflow from operating activities totaled ¥483,228,344.62 in Q1 2021, compared to ¥370,819,433.53 in Q1 2020[28] - The ending cash and cash equivalents balance was $310.23 million in Q1 2021, down from $486.71 million in Q1 2020[32] Operating Costs - The company experienced a 49.59% increase in operating costs, totaling CNY 374,972,348.82, primarily due to increased sales volume[9] - The cost of goods sold for Q1 2021 was ¥374,972,348.82, up from ¥250,662,314.07 in Q1 2020, representing a 49.6% increase[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,580,158,252.45, a slight decrease of 0.39% from CNY 2,590,315,396.00 at the end of the previous year[5] - Total liabilities as of March 31, 2021, were CNY 820.26 million, compared to CNY 866.65 million at the end of 2020[16] - Total assets as of the end of Q1 2021 amounted to ¥1,872,691,035.26, a slight increase from ¥1,854,665,119.75 at the end of Q1 2020[19] - Total liabilities for Q1 2021 were ¥518,351,406.77, compared to ¥494,479,965.15 in Q1 2020, reflecting a 4.3% increase[19] Shareholder Information - The number of shareholders reached 33,827, indicating a stable shareholder base[8] - The company's equity attributable to shareholders was CNY 1.60 billion, an increase from CNY 1.57 billion at the end of 2020[16] Inventory Management - The company reported a decrease in inventory to CNY 237.75 million from CNY 284.09 million at the end of 2020, indicating improved inventory management[15] Future Outlook - The company has not indicated any significant changes in its future outlook or major new strategies during the reporting period[10]