Financial Performance - The company reported a distributable profit of RMB 174,812,293.12 as of December 31, 2020, and plans to distribute a cash dividend of RMB 1.65 per 10 shares, totaling RMB 44,318,890.61[7]. - The company's operating revenue for 2020 was CNY 1,767,673,596.18, an increase of 8.67% compared to CNY 1,626,592,714.47 in 2019[24]. - The net profit attributable to shareholders for 2020 was CNY 147,434,228.38, reflecting a growth of 5.62% from CNY 139,583,335.57 in 2019[24]. - The net cash flow from operating activities decreased by 8.83% to CNY 218,115,597.06 in 2020 from CNY 239,228,171.43 in 2019[24]. - The total assets at the end of 2020 reached CNY 2,590,315,396.00, a 27.93% increase from CNY 2,024,801,084.11 at the end of 2019[24]. - The basic earnings per share for 2020 was CNY 0.56, down 16.42% from CNY 0.67 in 2019[25]. - The weighted average return on equity decreased by 4.53 percentage points to 9.99% in 2020 from 14.52% in 2019[25]. - The company achieved a total sales volume of 198,302.28 tons in 2020, representing a year-on-year growth of 4.81%[67]. - The company's total operating revenue for the reporting period was approximately RMB 1.76 billion, with a year-on-year increase of 8.62%[82]. Dividend Policy - The company implemented a cash dividend policy, distributing a total of 42,170,095.91 RMB in cash dividends for 2019, which represents 30.21% of the net profit attributable to shareholders[103]. - For the year 2020, the company plans to distribute 44,318,890.61 RMB in cash dividends, maintaining a payout ratio of 30.06% of the net profit attributable to shareholders[103]. - The cash dividend per 10 shares for 2019 was 1.57 RMB, while for 2020 it is set at 1.65 RMB[103]. - The company has a three-year shareholder return plan from 2019 to 2021, approved by the board and shareholders[103]. - The company has committed to maintaining stable returns to shareholders based on operational performance and funding needs[104]. Risk Management - The company has detailed risk factors and countermeasures in the report, particularly in the section discussing future development[10]. - The company has a comprehensive risk disclosure in the report, highlighting potential challenges ahead[10]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors[8]. - The company has established comprehensive health and safety protocols to mitigate risks associated with livestock diseases, ensuring the quality and quantity of milk production[100]. - The company is preparing for potential natural disasters by securing feed supplies and implementing protective measures for its dairy farms[100]. Innovation and R&D - The company has 45 national authorized patents, including 6 invention patents, showcasing its strong innovation capabilities[37]. - The company increased its R&D expenses by 64.16% to CNY 5.22 million, reflecting a commitment to product innovation[63]. - The company plans to invest in technological innovation by collaborating with research institutions to enhance its R&D capabilities and establish a robust "big R&D" platform[97]. - The company is focusing on innovation and product upgrades to enhance market share and meet consumer demand[91]. Market Expansion and Sales Strategy - The company has expanded its sales network, establishing 365 dedicated stores for its products and enhancing its marketing strategies to improve brand recognition[45]. - The company plans to continue expanding its market presence outside Xinjiang, targeting major retail chains in regions like Guangzhou and East China[39]. - The online sales channel has become increasingly important for dairy companies, driven by the pandemic and changing consumer behavior[90]. - The company plans to achieve a sales volume of 220,000 tons of dairy products and an expected revenue of 2 billion RMB in 2021[95]. Corporate Governance - The company has established a sound corporate governance structure, aligning with the requirements of the Company Law and relevant regulations[182]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[181]. - The company has maintained a consistent structure in its board and management team without any changes in shareholding[162]. - The overall governance structure remains stable, with no reported conflicts of interest among board members[165]. Social Responsibility - The company has established a long-term mechanism for poverty alleviation, focusing on "industrial poverty alleviation and employment promotion" to enhance the development capabilities of impoverished populations[124]. - The company donated 100 selected bulls to a cooperative in the 47th regiment, contributing to the adjustment of the local industrial structure and increasing income for minority workers[124]. - The company donated 7,000 boxes of dairy products to support frontline medical staff during the COVID-19 pandemic[130]. - The company actively participates in social welfare activities, including donating milk to improve nutrition for children in impoverished areas[133]. Environmental Management - The company is focused on environmental protection, ensuring that wastewater discharge meets national standards without exceeding limits in 2020[135]. - The company has established wastewater treatment facilities with a capacity of 2,500 tons per day for Tianrun Technology and 960 tons per day for Shawan Gary, both operating smoothly[136]. - The company has implemented self-monitoring plans for wastewater, waste gas, and noise, detailing monitoring projects and methods[139]. Audit and Compliance - The company’s financial report has been audited by Sigma Accounting Firm, which issued a standard unqualified opinion[6]. - The audit report issued by Sigma Accounting Firm provided a standard unqualified opinion on the financial statements[192]. - The company has not encountered any major accounting errors that require correction[110]. - The company has complied with the Chinese accounting standards in preparing its financial statements[194].

Financial Performance - Net profit attributable to shareholders rose by 2.17% to CNY 120,228,168.53 year-on-year[8] - Operating revenue for the year-to-date reached CNY 1,318,735,400.65, an increase of 8.34% compared to the same period last year[8] - The basic earnings per share decreased by 19.15% to CNY 0.4593 due to an increase in total shares outstanding[8] - For the first three quarters of 2020, the company achieved operating revenue of 1,318.74 million yuan, with a net profit attributable to shareholders of 120.23 million yuan[14] - The sales volume of dairy products reached 146,800 tons during the same period[14] Assets and Liabilities - Total assets increased by 25.55% to CNY 2,542,106,999.69 compared to the end of the previous year[8] - Cash and cash equivalents increased by 193.21% to CNY 420,284,048.26 due to funds raised from a public offering[12] - Accounts receivable rose by 83.11% to CNY 87,393,008.73, primarily due to delayed payments for student milk and nursing project milk[12] - Construction in progress increased by 133.41% to CNY 137,140,744.83, attributed to increased investments in the subsidiary Tianrun Tangwang City[12] - Tax payable increased by 33.68% to 11.87 million yuan, attributed to the rise in operating income[14] - Other payables increased by 38.95% to 140.56 million yuan, driven by higher material and promotional expenses[14] Cash Flow - Cash flow from operating activities decreased by 2.77% to CNY 99,385,481.64 year-to-date[8] - Cash flow from financing activities surged by 353.52% to 379.11 million yuan, primarily from the public issuance of shares[14] Shareholder Information - The number of shareholders increased to 27,874 by the end of the reporting period[10] - The company's capital reserve increased by 74.54% to 878.66 million yuan due to the funds raised from the public issuance of shares[14] Expenses - Sales expenses rose by 39.05% to 181.11 million yuan, mainly due to increased transportation costs[14] - The weighted average return on equity decreased by 3.92 percentage points to 8.21%[8]

Financial Performance - Operating revenue for the first nine months reached CNY 1,318,735,400.65, an increase of 8.34% year-on-year[5] - Net profit attributable to shareholders was CNY 120,228,168.53, reflecting a growth of 2.17% compared to the same period last year[5] - Total operating revenue for Q3 2020 reached ¥435,782,982.56, an increase of 10.7% compared to ¥393,736,662.07 in Q3 2019[22] - Net profit for the first three quarters of 2020 was ¥187,823,302.83, compared to ¥76,518,176.94 in the same period of 2019, indicating a significant growth[20] - The total profit for Q3 2020 was ¥47,656,539.82, compared to ¥46,815,535.19 in Q3 2019, indicating an increase of 1.8%[24] Assets and Liabilities - Total assets increased by 25.55% year-on-year to CNY 2,542,106,999.69[5] - The company’s total assets amounted to ¥2,542,106,999.69, compared to ¥2,024,801,084.11 at the end of the previous year[16] - The company’s total liabilities were reported at ¥847,512,892.74, showing a slight increase from the previous year[16] - The total liabilities decreased to ¥487,566,231.19 from ¥609,129,880.39, indicating improved financial health and reduced leverage[20] Shareholder Information - The total number of shareholders reached 27,874 by the end of the reporting period[7] - The largest shareholder, Xinjiang Production and Construction Corps, holds 29.48% of the shares[7] Cash Flow - Cash flow from operating activities for the first nine months was CNY 99,385,481.64, a decrease of 2.77% year-on-year[5] - The net cash flow from operating activities was CNY 68,413,849.47, a decrease of 39.1% compared to CNY 112,203,840.40 in the same period last year[32] - Cash inflow from financing activities reached CNY 538,028,400.54, significantly higher than CNY 60,000,000.00 in the same quarter last year[32] - The net cash flow from financing activities was CNY 430,837,080.06, compared to CNY 36,973,590.99 in the previous year, indicating a substantial increase[32] Investment and Capital Expenditure - The company invested CNY 242,336,207.70 in fixed assets, intangible assets, and other long-term assets during the first three quarters of 2020, up from CNY 214,139,236.18 in 2019[30] - Cash paid for purchasing fixed assets and other long-term assets was CNY 396,223,445.41, compared to CNY 146,000,000.00 in the same period last year[32] Earnings Per Share - Basic earnings per share decreased by 19.15% to CNY 0.4593 due to an increase in total shares from 207,114,418 to 268,599,337[5] - The basic earnings per share for Q3 2020 was ¥0.1493, down from ¥0.1936 in Q3 2019, reflecting a decrease of 22.8%[24] Research and Development - Research and development expenses for Q3 2020 were ¥941,614.54, up from ¥666,313.12 in Q3 2019, indicating a focus on innovation and product development[22] Other Financial Metrics - The weighted average return on equity decreased by 3.92 percentage points to 8.21%[5] - The company reported a loss of CNY 3,843,415.41 from the disposal of non-current assets in Q3[7] - The company’s cash and cash equivalents saw a significant increase, contributing to improved liquidity and operational flexibility[20]

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2020, representing a year-on-year increase of 15%[19] - The net profit attributable to shareholders reached RMB 80 million, up 20% compared to the same period last year[19] - The company's operating revenue for the first half of the year reached ¥882,952,418.09, representing a year-on-year increase of 7.22% compared to ¥823,470,988.40 in the same period last year[20] - The net profit attributable to shareholders was ¥80,137,836.98, a 3.32% increase from ¥77,563,271.73 in the previous year[20] - The company achieved a revenue of 883 million yuan and a net profit of 80.14 million yuan in the first half of 2020, representing a year-on-year growth of 7.22% and 3.32% respectively[40] - The net profit for the first half of 2020 was CNY 80.68 million, slightly up from CNY 79.98 million in the same period last year, indicating a growth of about 0.87%[109] - The company reported a total comprehensive income of CNY 155,594,818.83 for the first half of 2020, compared to CNY 1,130,438.52 in the same period of 2019[112] Assets and Liabilities - The company’s total assets as of June 30, 2020, amounted to RMB 1.2 billion, reflecting a growth of 10% year-on-year[19] - The company's total assets increased by 25.77% to ¥2,546,567,612.72 from ¥2,024,801,084.11 at the end of the previous year[20] - The company's current assets reached CNY 890,490,484.83, up from CNY 463,892,333.87 at the end of 2019, indicating a significant increase of about 92%[100] - Total liabilities stood at CNY 851,033,672.56, slightly up from CNY 846,674,565.84 at the end of 2019, indicating a marginal increase of about 0.4%[102] - The company's equity attributable to shareholders increased to CNY 1,543,208,451.57 from CNY 1,026,346,119.83, marking a growth of approximately 50.1%[102] Cash Flow - The net cash flow from operating activities decreased by 29.56%, amounting to ¥87,990,988.64 compared to ¥124,922,848.06 in the same period last year[20] - The company reported a net cash flow from operating activities of 87.99 million yuan, a decrease of 29.56% compared to the previous year[40] - The total cash inflow from financing activities was CNY 538,028,400.54, compared to CNY 60,000,000.00 in the same period of 2019[115] - The total cash and cash equivalents at the end of the period stood at ¥552,956,233.48, compared to ¥190,062,805.20 at the end of the first half of 2019, reflecting a growth of 190.5%[118] Market Expansion and Product Development - User data indicated an increase in customer base by 25%, with active users reaching 1 million[19] - The company plans to launch two new dairy products in Q3 2020, aiming to capture a larger market share[19] - The company is expanding its market presence outside Xinjiang, with products now available in major chain supermarkets in Guangzhou and other regions[37] - The company launched several new products in the first half of 2020, including honey mango yogurt and 950ml fresh milk, to enhance market share through differentiated flavors and innovative packaging[34] Risk Management - The company has identified key risks including market competition and supply chain disruptions, which are detailed in the risk assessment section[19] - The company faces market competition risks in the dairy industry, which is characterized by intense competition among various enterprises[57] - Fluctuations in the prices of raw materials, such as raw milk and packaging materials, pose a risk to the company's gross profit margins and overall performance[57] - The ongoing COVID-19 pandemic presents uncertainties regarding its impact on the company's future operations, prompting the company to adapt its marketing strategies and enhance innovation[59] Quality Control and Compliance - The company emphasizes the importance of stable and safe milk sources, with 16 owned pastures ensuring quality and supply stability[32] - The company maintains a 100% quality pass rate for raw milk, with strict quality control measures in place, including a dedicated quality supervision team for feed procurement[35] - The company emphasizes a full-process quality monitoring system from raw milk sourcing to consumer end, ensuring high product quality through advanced testing equipment[36] - The company has implemented comprehensive quality management systems to mitigate product quality risks and ensure compliance with food safety regulations[57] Corporate Governance and Shareholder Relations - The board has approved a profit distribution plan, although no specific dividend payout is proposed for this period[19] - The company did not propose any profit distribution or capital reserve fund transfer plan for the half-year period[64] - The company has committed to maintaining the rights and interests of all shareholders and ensuring compliance with relevant laws and regulations regarding related transactions[66] - The company guarantees to fulfill its obligations as a major shareholder of Tianrun Dairy, ensuring no harm to other shareholders' interests[65] Environmental Responsibility - The average concentration of chemical oxygen demand (COD) from the company's wastewater discharge was reported at 39.13 mg/L, with a total discharge of 31.78 tons in the first half of 2020, adhering to the secondary standards of wastewater discharge[77] - The company has implemented a wastewater treatment system with a capacity of 2,500 tons per day, ensuring stable operation and compliance with environmental standards[79] - The company is committed to integrating social responsibility with business performance, focusing on sustainable development in the region[75] Financial Reporting and Compliance - The financial statements comply with the requirements of the enterprise accounting standards, accurately reflecting the company's financial position and operating results[143] - The company confirmed that the changes in accounting policies will not have a significant impact on its financial position, operating results, or cash flows[84] - The company reported no significant accounting errors that required restatement during the reporting period[85] - The company has not disclosed any new product or technology developments in this report[87]

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 2020-042 新疆天润乳业股份有限公司 关于参加 2020 年新疆辖区上市公司 投资者集体接待日活动的公告 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 2020 年 6 月 24 日下午 15:00-17:30 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 2020 年新疆辖区上市公司投资 者集体接待日活动。现将有关事项公告如下： 一、本次集体接待日参与方式及时间 本次集体接待日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 • 路 演 天 下 " 网 站 （http://rs.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012）， 参与公司本次投资者集体 ...

Financial Performance - Operating revenue decreased by 0.07% to CNY 347,454,023.83 compared to the same period last year[4] - Net profit attributable to shareholders decreased by 36.17% to CNY 19,737,899.73 compared to the same period last year[4] - The total profit for Q1 2020 was CNY 20,704,374.74, a decrease of 43.81% compared to the previous year[10] - Net profit attributable to shareholders was CNY 19,737,899.73, down 36.17% year-on-year[10] - Total operating revenue for Q1 2020 was CNY 347,454,023.83, a slight decrease of 0.07% compared to CNY 347,690,617.43 in Q1 2019[20] - Net profit for Q1 2020 was CNY 18,734,043.83, down 40.6% from CNY 31,497,589.62 in Q1 2019[21] - The company's revenue for Q1 2020 was CNY 143,714,513.90, an increase of 10.4% compared to CNY 129,640,676.39 in Q1 2019[23] - Operating profit for Q1 2020 was CNY 4,040,769.30, a significant improvement from a loss of CNY 392,015.59 in Q1 2019[24] - Net profit for Q1 2020 reached CNY 4,001,246.66, compared to a net loss of CNY 392,015.59 in the same period last year[24] - The total comprehensive income for Q1 2020 was CNY 4,001,246.66, reversing from a loss of CNY 392,015.59 in Q1 2019[24] Assets and Liabilities - Total assets increased by 20.00% to CNY 2,429,768,837.50 compared to the end of the previous year[4] - Current assets totaled CNY 851,936,437.09 as of March 31, 2020, compared to CNY 463,892,333.87 at the end of 2019[13] - Total assets amounted to CNY 2,429,768,837.50, up from CNY 2,024,801,084.11 at the end of 2019[15] - Total liabilities decreased to CNY 796,183,780.64 from CNY 846,674,565.84 at the end of 2019[15] - Total liabilities decreased slightly to CNY 599,959,649.51 from CNY 609,129,880.39 year-over-year[19] - Total assets as of the end of Q1 2020 amounted to CNY 1,850,244,799.91, an increase from CNY 1,418,689,289.37 at the end of Q1 2019[19] - Total liabilities were CNY 846,674,565.84, with current liabilities at CNY 704,014,890.09[32] Shareholder Information - Net assets attributable to shareholders increased by 44.47% to CNY 1,482,808,514.32 compared to the end of the previous year[4] - The number of shareholders reached 24,117 at the end of the reporting period[7] - Owner's equity increased to CNY 1,250,285,150.40, up from CNY 809,559,408.98 in Q1 2019[19] - The total equity attributable to shareholders was CNY 1,026,346,119.83, with total equity at CNY 1,178,126,518.27[33] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -55,262,422.15, worsening from CNY -5,997,104.30 in the previous year[4] - Cash flow from operating activities was negative CNY 55,262,422.15, significantly worse than the previous year's negative CNY 5,997,104.30[10] - Cash flow from financing activities increased by 692.47% to CNY 475,152,948.95, mainly due to funds raised from share issuance and increased bank loans[10] - Cash inflow from financing activities in Q1 2020 was CNY 538,028,400.54, significantly higher than CNY 60,000,000.00 in Q1 2019[27] - The total cash increase for Q1 2020 was CNY 376,867,789.28, compared to a decrease of CNY 14,195,039.68 in Q1 2019[27] Expenses - Sales expenses increased by 37.46% to CNY 52,716,905.78 primarily due to increased freight costs[9] - Total operating costs increased to CNY 321,094,645.95, up 3.99% from CNY 308,848,021.97 in the same period last year[20] - Research and development expenses for Q1 2020 were CNY 393,288.98, a decrease from CNY 508,018.09 in Q1 2019[20] Cash and Cash Equivalents - Cash and cash equivalents increased by 262.92% to CNY 520,204,925.87 due to the arrival of funds from a share placement[9] - The company's cash and cash equivalents increased to CNY 520,204,925.87 from CNY 143,337,136.59 at the end of 2019[13] - Cash and cash equivalents in current assets totaled CNY 850,481,375.47, significantly higher than CNY 418,591,409.24 in the previous year[19] - Cash and cash equivalents at the end of Q1 2020 increased to CNY 520,204,925.87 from CNY 143,054,136.30 at the end of Q1 2019[27] - The cash and cash equivalents increased by CNY 349,732,165.76, resulting in a total of CNY 486,714,801.58 at the end of the period[29]

Financial Performance - The company reported a distributable profit of RMB 76,518,176.94 as of December 31, 2019, proposing a cash dividend of RMB 1.57 per 10 shares, totaling RMB 42,170,095.91 for all shareholders[5]. - The company's operating revenue for 2019 was CNY 1,626,592,714.47, an increase of 11.26% compared to CNY 1,462,026,401.70 in 2018[21]. - The net profit attributable to shareholders for 2019 was CNY 139,583,335.57, representing a growth of 22.25% from CNY 114,183,166.40 in 2018[21]. - The net cash flow from operating activities for 2019 was CNY 239,228,171.43, up by 9.47% from CNY 218,539,974.52 in 2018[21]. - The total assets at the end of 2019 reached CNY 2,024,801,084.11, reflecting a 12.07% increase from CNY 1,806,744,167.66 at the end of 2018[21]. - The basic earnings per share for 2019 was CNY 0.67, a rise of 21.82% compared to CNY 0.55 in 2018[22]. - The company achieved a product sales volume of 189,200 tons in 2019, representing a year-on-year growth of 12.57%[41]. - The total operating revenue reached RMB 1,626,592,714.47, an increase of 11.26% compared to the previous year[43]. - The net profit attributable to shareholders was RMB 139,583,300, reflecting a growth of 22.25% year-on-year[41]. Investment and Growth Strategy - The company aims to increase its self-sufficient milk supply rate and improve milk quality to maintain its leading position in the regional dairy market[27]. - The company plans to increase investments in markets outside Xinjiang, aiming to deliver high-quality products to a broader audience[32]. - The company is focusing on enhancing its marketing capabilities and expanding its market share in both southern Xinjiang and inland markets[73]. - The company is implementing a dual strategy of "mergers and acquisitions + investment" to drive growth and resource integration[74]. - The company aims to establish a strong research team through talent acquisition and training, enhancing its innovation capabilities[74]. - The company plans to introduce a third new product category following the success of its existing products, aiming to optimize its product structure[72]. Risk Management - The company has detailed risk factors and countermeasures outlined in the report, particularly in the section discussing future development[8]. - The company emphasizes the importance of investment risk awareness in its forward-looking statements[6]. - The company faces market competition risks due to the fully competitive nature of the dairy industry and plans to enhance product and market planning to expand market share[79]. - The company is exposed to raw material price fluctuation risks, particularly for raw milk and packaging materials, and will implement measures to control costs effectively[79]. - The company has established comprehensive health and epidemic prevention protocols to mitigate risks associated with livestock diseases[80]. - The company acknowledges the ongoing risks posed by the COVID-19 pandemic and will adapt its operations and marketing strategies to ensure sustainable development[81]. Corporate Governance - The company has a governance structure that includes a board of directors with 9 members, of which 3 are independent directors[151]. - The company has established a performance evaluation mechanism for senior management, implementing annual target responsibility assessments based on operational goals[158]. - The board of directors held a total of 10 meetings during the year, with 9 conducted via communication methods, reflecting a strong commitment to governance despite the lack of in-person meetings[155]. - The company has established a compensation and incentive plan for its senior management, which was approved by the board and shareholders[139]. - The company maintains independence from its controlling shareholder in business, personnel, assets, and financial matters, ensuring autonomous operational capabilities[157]. Social Responsibility - The company is actively involved in social responsibility initiatives, aligning corporate benefits with social welfare[100]. - In 2019, the company invested a total of 785,900 RMB in poverty alleviation efforts, including cash donations and material support[104]. - The company donated 100 calves to the 47th Regiment of the Xinjiang Production and Construction Corps, enhancing local livestock farming and disease prevention training[102]. - The company initiated a milk donation program, providing 1,410 cartons of milk valued at 48,000 RMB to students in remote areas[101]. - The company contributed 69,276,600 RMB in various taxes in 2019, supporting national fiscal revenue[109]. Environmental Impact - The average concentration of chemical oxygen demand (COD) in wastewater for the year 2019 was 37.18 mg/l, with total emissions of 7.72 tons[111]. - The wastewater treatment capacity for Tianrun Technology is 2,500 tons per day, while for Shawan Gary it is 960 tons per day, both operating smoothly[112]. - Both Tianrun Technology and Shawan Gary have established emergency response plans for environmental incidents, with respective filing numbers 661200-2019-041-L and 654200-2018-002-L[114]. - The company has not reported any incidents of exceeding pollutant discharge standards in 2019[111]. Shareholder Returns - The company has a consistent profit distribution policy, ensuring stable returns to shareholders based on operational performance and funding needs[84]. - The cash dividend payout ratio has remained above 30% for the past three years, indicating a commitment to shareholder returns[85]. - The company has implemented a three-year shareholder return plan for 2019-2021, approved by the board and shareholders[84]. - The company’s profit distribution plan complies with regulatory guidelines set by the China Securities Regulatory Commission and the Shanghai Stock Exchange[84]. - The company has maintained a stable dividend policy, with no changes in the approach to shareholder returns over the past three years[85].

Financial Performance - Net profit attributable to shareholders increased by 12.81% to CNY 117,669,165.50 for the period from January to September[5] - Operating revenue rose by 10.16% to CNY 1,217,207,650.47 for the same period[5] - Basic earnings per share rose by 14.00% to CNY 0.57[5] - The total profit for Q3 2019 was CNY 46,815,535.19, which is a 15.5% increase from CNY 40,659,216.61 in Q3 2018[27] - The company reported a net profit of ¥75.54 million for the first three quarters of 2019, down 30.7% from ¥109.19 million in the same period of 2018[25] - The net profit for Q3 2019 was CNY 41,834,760.05, an increase of 15.5% compared to CNY 36,252,275.58 in Q3 2018[27] - The basic earnings per share for Q3 2019 was CNY 0.19, compared to CNY 0.17 in Q3 2018, reflecting a growth of 11.8%[28] Assets and Liabilities - Total assets increased by 9.03% to CNY 1,969,830,253.71 compared to the end of the previous year[5] - Current liabilities totaled ¥661,360,879.64, an increase from ¥585,163,723.00 in the previous year[20] - Total liabilities reached ¥437.57 million, a significant increase from ¥192.88 million in the previous year, indicating a rise of 126.6%[25] - The total equity attributable to shareholders increased to ¥1,004,500,440.95 from ¥921,212,268.84[20] - The company’s total equity decreased to ¥808.39 million from ¥842.05 million in the previous year, reflecting a decline of 4.0%[25] Cash Flow - Net cash flow from operating activities decreased by 48.65% to CNY 102,218,317.98 compared to the previous year[5] - Net cash flow from investing activities was -¥180,015,911.28, reflecting increased investments during the reporting period[13] - Net cash flow from financing activities increased by 256.96% to ¥83,592,510.73, driven by increased bank borrowings for operational needs[13] - The net cash flow from operating activities for Q3 2019 was CNY 112,203,840.40, a significant recovery from a negative cash flow of CNY -19,412,661.09 in Q3 2018[35] - The company’s total cash inflow from operating activities in the first nine months of 2019 was CNY 716,700,701.02, while cash outflows totaled CNY 604,496,860.62, resulting in a positive net cash flow[35] Receivables and Inventory - Accounts receivable increased by 33.68% to CNY 59,012,013.81 due to increased sales in the nurturing project[9] - Other receivables surged by 275.13% to CNY 39,741,129.82 primarily due to compensation receivables from the cattle farm[9] - The company's inventory stood at ¥169,876,497.71, slightly up from ¥169,440,880.01[18] Expenses - Financial expenses increased to ¥818,192.60 from -¥1,673,870.83 due to increased bank borrowings and interest expenses[12] - Operating costs for the first three quarters of 2019 were ¥1.07 billion, up 10.4% from ¥969.63 million in the same period of 2018[26] - The company incurred asset impairment losses of CNY 1,627,119.05 in the first three quarters of 2019, compared to CNY 1,247,892.48 in the same period last year, indicating a worsening situation[27] - The company reported a financial expense of -¥2.84 million for the first three quarters of 2019, slightly higher than -¥2.83 million in 2018[30] Investment Activities - Investment income rose to ¥414,953.10 from -¥15,586.91, primarily due to increased profits from joint ventures[12] - The company reported investment income of CNY 90,632.87 in Q3 2019, a significant recovery from a loss of CNY 15,586.91 in Q3 2018[27] - The company’s investment activities resulted in a net cash outflow of CNY 143,394,277.43 in Q3 2019, reflecting ongoing investments in growth despite the negative cash flow[35]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 823,470,988.40, representing a 13.52% increase compared to CNY 725,411,250.57 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was CNY 77,563,271.73, an increase of 11.32% from CNY 69,678,198.46 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was CNY 84,926,922.12, reflecting a 16.35% increase compared to CNY 72,993,132.56 in the same period last year[16]. - The net cash flow from operating activities decreased by 22.54%, amounting to CNY 124,922,848.06, down from CNY 161,280,874.01 in the previous year[16]. - Basic earnings per share for the first half of the year increased by 8.82% to CNY 0.37 compared to the same period last year[17]. - Diluted earnings per share also rose by 8.82% to CNY 0.37 year-on-year[17]. - The weighted average return on equity decreased slightly by 0.02 percentage points to 8.11%[17]. - The company achieved operating revenue of 823.47 million yuan, a year-on-year increase of 13.52%[30]. - Net profit attributable to shareholders reached 77.56 million yuan, up 11.32% compared to the same period last year[30]. - The net cash flow from operating activities was 124.92 million yuan, down 22.54% year-on-year[30]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,934,804,898.29, which is a 7.09% increase from CNY 1,806,744,167.66 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company increased by 4.69%, reaching CNY 964,394,547.18 compared to CNY 921,212,268.84 at the end of the previous year[16]. - Cash and cash equivalents increased by 37.35% to 215,980,914.94, representing 11.16% of total assets[50]. - Accounts receivable rose by 44.77% to 63,906,872.69, accounting for 3.30% of total assets[50]. - Other non-current assets increased by 236.65% to 48,471,652.09, representing 2.51% of total assets[50]. - Short-term borrowings reached 60,000,000.00, a 100% increase due to operational needs[50]. - Tax payable increased by 86.15% to 10,456,902.29, attributed to revenue growth[50]. - Other payables rose by 36.38% to 127,790,274.73, mainly due to increased dividend payables[50]. - Total liabilities increased to CNY 810,039,870.69 from CNY 727,577,175.08, reflecting a rise of approximately 11.3%[97]. Market and Product Development - The national dairy product output for the first half of 2019 was 13.064 million tons, representing a year-on-year growth of 6.6%[23]. - The company launched new products including "Apple Flavor" and "Charcoal Glass Bottle Yogurt," contributing to market sales and profit growth[27]. - The dairy segment accounted for approximately 60% of the product composition, focusing on low-temperature yogurt[31]. - The company launched over ten new products, including "Apple Yogurt" and "Charcoal Glass Bottle Yogurt," which received positive market feedback[33]. - The company produced 53,000 tons of high-quality fresh milk from approximately 23,100 dairy cows across 16 large-scale farms[35]. - Dairy product sales volume reached 93,300 tons, representing a growth of 16.40% year-on-year[39]. Environmental and Social Responsibility - The average discharge concentration of chemical oxygen demand (COD) for the first half of 2019 was 33.85 mg/l, with a total discharge of 14.541 tons, and ammonia nitrogen concentration was 1.332 mg/l, with a total discharge of 0.788 tons[80]. - The wastewater treatment capacity of Tianrun Technology's first phase is 1,200 tons per day, and the second phase has been expanded to 2,500 tons per day, both operating smoothly[81]. - The company has not experienced any exceedance of pollutant discharge standards in the first half of 2019[80]. - The company has established emergency response plans for environmental incidents to minimize pollution and ensure public safety[83]. - The company provided cash and material assistance totaling CNY 785,900 for poverty alleviation in the first half of 2019[73]. - The company donated 1,410 cartons of milk valued at CNY 48,000 to students in remote areas as part of its public welfare initiatives[76]. Corporate Governance and Compliance - The company appointed Sigma Accounting Firm as the financial and internal control audit institution for 2019, with an audit fee of RMB 0.95 million, including RMB 0.65 million for financial report audit and RMB 0.30 million for internal control audit[63]. - There were no significant litigation or arbitration matters during the reporting period[64]. - The company and its controlling shareholders did not have any unfulfilled court judgments or significant overdue debts during the reporting period[64]. - The company has committed to avoiding and regulating related party transactions with Tianrun Dairy, ensuring fair pricing and compliance with legal requirements[60]. - The company will not seek or accept more favorable conditions from Tianrun Dairy compared to those offered to independent third parties in any market transactions[60]. Strategic Initiatives and Future Outlook - The company confirmed that it will continue as a going concern for the next 12 months without significant doubts regarding its ability to operate[137]. - The financial statements are prepared based on the principle of continuous operation, reflecting the company's financial position and operating results accurately[138]. - The company’s future outlook and performance guidance were not detailed in the provided documents[121]. - The company has not disclosed any new strategic initiatives in the current report[127]. Accounting Policies and Financial Reporting - The company adheres to the accounting standards and ensures that its financial reports are true and complete, reflecting shareholder equity changes and cash flows[138]. - The company has not made any significant changes to its accounting policies or estimates during the reporting period[196]. - The company has confirmed that there are no impacts from the recent changes in financial reporting formats issued by the Ministry of Finance[197].

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 2019-031 新疆天润乳业股份有限公司 关于参加 2019 年新疆辖区上市公司 投资者集体接待日活动的公告 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 2019 年 7 月 26 日下午 15:00-17:30 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 2019 年新疆辖区上市公司投资 者集体接待日活动。现将有关事项公告如下： 一、本次集体接待日参与方式及时间 本次集体接待日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 • 路 演 天 下 " 网 站 （http://rs.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012）， 参与公司本次投资者集体 ...