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天马科技(603668) - 2021 Q4 - 年度财报
2022-04-06 16:00
Financial Performance - The company reported a total share capital of 436,164,726 shares as of December 31, 2021, with 6,887,763 shares held in the treasury[8]. - The company's operating revenue for 2021 was CNY 5,419,021,956.27, representing a 48.88% increase compared to 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 83,565,632.30, which is a 21.21% increase from the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 41.09% to CNY 73,498,798.99 in 2021[23]. - The total assets at the end of 2021 were CNY 5,141,413,063.10, reflecting a 55.66% increase from the end of 2020[25]. - The net assets attributable to shareholders increased by 51.89% to CNY 1,851,513,600.55 at the end of 2021[23]. - The basic earnings per share for 2021 was CNY 0.22, a 10.00% increase from 2020[25]. - The weighted average return on net assets for 2021 was 5.61%, a decrease of 0.22 percentage points from the previous year[25]. - The total profit amounted to 15,864.27 million RMB, with a year-on-year increase of 25.27%[37]. - The net profit attributable to shareholders reached 8,356.56 million RMB, up by 21.21% compared to the previous year[37]. - The total assets at the end of the reporting period were 514,141.31 million RMB, reflecting a growth of 55.66% year-on-year[37]. - The company’s total liabilities increased to 292,048.49 million RMB, marking a 62.42% rise from the previous year[37]. - The company achieved a total industrial feed production of 29,344.3 million tons in 2021, representing a year-on-year growth of 16.1%[56]. - The production of pig feed reached 13,076.5 million tons, increasing by 46.6% compared to the previous year[56]. - The company’s EBITDA was CNY 32,299.75 million, an increase of 37.96% compared to the previous year[107]. - The company’s gross profit margin for main business was 10.08%, down 1 percentage point year-on-year[113]. - The company’s net profit margin for the fiscal year was 12%, an increase from 10% in the previous year[200]. Dividend and Shareholder Information - The proposed cash dividend for 2021 is CNY 0.40 per share, totaling CNY 17,171,078.52 based on 429,276,963 shares after excluding treasury shares[8]. - The company has not proposed any stock bonus or capital reserve conversion to share capital for the year[8]. - The total number of shares held by Chairman Chen Qingtang remained unchanged at 86,557,557 shares, with a pre-tax compensation of 621,100 CNY[192]. - Director Zheng Kun reduced his holdings by 3,839,926 shares, ending the year with 11,526,974 shares, and received a pre-tax compensation of 209,100 CNY[192]. - Director Lin Jiaxing's shareholding decreased by 2,420,000 shares, resulting in a total of 7,278,100 shares, with a pre-tax compensation of 209,100 CNY[192]. - Director Zeng Lili, who held 7,200 shares, divested all her shares during the reporting period, receiving a pre-tax compensation of 1,524,000 CNY[192]. - The total number of shares held by the supervisory board chairman He Xiuming decreased by 2,420,000 shares, ending with 7,278,100 shares, and received a pre-tax compensation of 209,100 CNY[192]. - Vice President He Tengfei's shareholding decreased by 15,000 shares, totaling 220,000 shares, with a pre-tax compensation of 847,700 CNY[192]. - The total pre-tax compensation for all directors and supervisors amounted to 8,473,300 CNY[192]. Risk Management and Compliance - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[10]. - The company has not violated decision-making procedures for external guarantees[10]. - The audit report issued by Rongcheng Accounting Firm confirms the financial report's authenticity and completeness[7]. - The company emphasizes that forward-looking statements regarding future strategies and operational plans do not constitute a commitment to investors[9]. - The company has detailed potential risk factors in the management discussion and analysis section of the report[10]. - The company operates under the supervision of the China Securities Regulatory Commission and complies with relevant laws[17]. - The company maintains an independent operational structure, ensuring no interference from controlling shareholders in decision-making[183]. - The company is committed to transparent information disclosure, ensuring all shareholders have equal access to information[183]. - The internal control management system has been established and improved, ensuring effective financial reporting and operational management[186]. Strategic Initiatives and Market Expansion - The company initiated an online and regional strategy to expand domestic channels while maintaining export channels, contributing to steady revenue growth[27]. - The company is actively developing a modern ecological farming model, with successful pilot projects in various provinces[42]. - The company plans to integrate its livestock industry to establish itself as a regional leader while gradually expanding nationwide[41]. - The company is focusing on both domestic and international market expansion through an omnichannel strategy, integrating online and offline sales[53]. - The company aims to establish itself as the largest grilled eel platform globally, focusing on food safety and quality control[79]. - The company is committed to digital transformation, aiming to enhance its big data operational management capabilities and establish a smart management platform[54]. - The company is expanding its strategic sales network from Bohai Bay to Beibu Gulf, enhancing its market presence in coastal and inland regions of China while actively exploring overseas markets[168]. - The company is exploring potential acquisitions to enhance its supply chain capabilities, with a budget of 200 million RMB allocated for this purpose[200]. - The company plans to enhance its operational advantages through a dual-track business model, promoting sustainable development in the agricultural sector[156]. Research and Development - The company has invested in R&D, achieving breakthroughs in key technologies for special aquatic feed, with 62 patents held, including 53 authorized invention patents[47]. - The company has formed strategic partnerships with universities and research institutions, enhancing its R&D capabilities and fostering innovation[46]. - The company emphasizes talent development and has built a strong team of experts to support its growth and innovation strategies[49]. - Research and development expenses increased by 16.26% to CNY 99,636.37 million, reflecting ongoing investment in new product development[112]. - The company has developed a variety of products in the animal health sector, including 9 major series such as micro-ecological preparations and nutritional health products[81]. - The company is committed to continuous innovation and maintaining a competitive edge in product technology through extensive R&D efforts[157]. - The company plans to develop over 10 invention patents, striving for more than 15, and will focus on functional feed development, particularly in biological feed and soft pellet feed[171]. Production and Supply Chain - The company has established a comprehensive food supply chain focusing on pre-prepared dishes and deep-processed aquatic products, leveraging its full industry chain advantages[43]. - The company has established a centralized procurement model, with over 90% of key raw materials procured centrally, while authorized procurement accounts for less than 10%[90]. - The company operates a modern factory-style aquaculture model with a standard area of 10,000 square meters for eel farming, capable of stocking 3 million eel fry annually[96]. - The company has implemented a sales model combining direct sales and distribution, targeting both large-scale and small-scale aquaculture operations[91]. - The company integrates real-time data from production, sales, and inventory to optimize production planning and decision-making[92]. - The company has established high-level R&D platforms, including a national enterprise technology center and a key laboratory for special aquatic feed, enhancing its technological innovation capabilities[100]. Marketing and Brand Development - The company has developed a series of brands including "Eel Hall" and "Xinchanglong," with high-end grilled eel products selling well in over 60 countries and regions[44]. - The company aims to enhance its core competitiveness through continuous product and service upgrades, driven by innovative design concepts[44]. - The company is committed to enhancing brand influence, with its "Jianma" brand recognized as a "China Famous Trademark" and listed among Asia's top 500 brands[160]. - The company is focused on building a comprehensive marketing network, expanding both domestic and international markets, and establishing a strategic sales network across coastal and inland regions of China[159]. Environmental and Social Responsibility - The company emphasizes a sustainable development strategy in its aquaculture practices, promoting modernization and automation[94]. - The company is committed to building a traceable and safe food system while striving to become the leading brand in delicious grilled eel products domestically and internationally[168]. - The company has implemented comprehensive budget management and adjusts procurement plans to mitigate raw material price fluctuations[176]. - The company is closely monitoring environmental regulations and adjusting its operational strategies to enhance service capabilities for large-scale aquaculture[179]. - The company emphasizes standardized management and quality control systems to ensure food safety across all production stages[180].
天马科技(603668) - 天马科技关于接待投资者调研情况的公告
2022-03-21 10:02
股票简称:天马科技 股票代码:603668 公告编号:2022-007 福建天马科技集团股份有限公司 关于接待投资者调研情况的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整,对公告的虚假 记载、误导性陈述或者重大遗漏负连带责任。 一、调研情况 福建天马科技集团股份有限公司(以下简称"公司")于近期以电话会议方 式,与兴业证券、博时基金、正心谷、广发基金等进行了调研交流,公司董事会 秘书参与调研并就投资者关注的问题进行了回复。 二、调研的主要问题及回复情况 1、2021 年已经结束,公司在过去的一年里经营业绩情况如何? 答:根据初步核算数据,公司 2021 年实现营业总收入 54.86 亿元,同比增 长 50.73%;实现营业利润 15,746.82 万元,同比增长 23.97%;实现利润总额 15,480.73 万元,同比增长 22.24%;实现归属于上市公司股东的净利润 8,321.49 万元,同比增长 20.70%。报告期内,公司取得了营收和利润双增长的成绩,实 现了企业持续、稳定和较快发展。 报告期内,公司全产业链布局初步到位,特种水产饲料和畜禽饲料产销量均 创历史新高;公司鳗鲡绿色生态智慧 ...
天马科技(603668) - 2021 Q3 - 季度财报
2021-11-01 16:00
Financial Performance - The company's operating revenue for Q3 2021 was ¥1,569,688,679.61, representing a year-over-year increase of 52.24%[5] - The net profit attributable to shareholders for the same period was ¥23,052,463.63, a decrease of 5.34% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,112,907.62, reflecting a 2.66% increase year-over-year[5] - Operating revenue for the first three quarters of 2021 was RMB 3,999,987,224.50, a significant increase from RMB 2,776,356,598.34 in the same period of 2020, reflecting a growth of approximately 44%[25] - Total operating revenue for Q3 2021 was approximately 3.81 billion RMB, an increase from 2.61 billion RMB in Q3 2020, representing a growth of 46%[27] - Net profit for Q3 2021 reached approximately 121 million RMB, compared to 102 million RMB in Q3 2020, reflecting a year-over-year increase of 19%[29] - The total profit for Q3 2021 was approximately 149.76 million RMB, an increase from 126.32 million RMB in Q3 2020, marking a growth of 18%[29] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,856,106,683.61, which is a 47.02% increase from the end of the previous year[7] - The company's total assets reached RMB 4,856,106,683.61 as of September 30, 2021, compared to RMB 3,303,044,637.99 at the end of 2020, indicating an increase of about 47%[24] - The company's total liabilities increased to RMB 2,642,170,798.50 as of September 30, 2021, up from RMB 1,798,142,210.93 at the end of 2020, representing a growth of approximately 47%[25] - The company's total liabilities amounted to 1,693,996,841.69 RMB, consistent with the previous reporting period, suggesting stable financial leverage[36] - The company reported a deferred income tax liability of 51.68 million at the end of the reporting period, attributed to asset evaluation increases from acquisitions[12] Shareholder Information - The equity attributable to shareholders reached ¥1,855,583,886.53, marking a 52.22% increase compared to the previous year[7] - The total number of ordinary shareholders at the end of the reporting period was 23,496, with the top ten shareholders holding significant stakes[15] - The largest shareholder, Chen Qingtang, held 86,557,557 shares, accounting for 19.84% of the total shares[15] - The company repurchased 6,887,763 shares, representing 1.58% of the total share capital, for future equity incentive plans[18] - The company completed a private placement of 96,551,724 shares at a price of RMB 5.80 per share, raising a total of RMB 559,999,999.20, with a net amount of RMB 552,095,447.48 after expenses[19] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥93,666,456.52, a decline of 69.28% year-over-year[5] - The net cash flow from operating activities was -93,666,456.52 RMB, compared to -55,333,673.25 RMB in the same period last year, indicating a decline in operational cash flow[33] - The net cash flow from investing activities was -361.41 million, reflecting significant investment expenditures[12] - Total cash outflow from investing activities reached 1,305,791,021.2 RMB, significantly higher than 702,630,822.59 RMB in the previous year, reflecting increased investment expenditures[33] - The net cash flow from financing activities was 380.44 million, primarily due to an increase in long-term borrowings[12] - The net cash flow from financing activities was 722,100,106.28 RMB, up from 150,299,490.46 RMB year-over-year, showing improved financing capabilities[33] Investment and Expenditures - The company has invested 463,034,812.78 RMB in fixed assets during the period, a substantial increase from 137,866,942.79 RMB in the same quarter last year, indicating aggressive capital expenditure[33] - The company reported a government subsidy of ¥4,225,358.11 for the current period, contributing to its non-recurring gains[8] - The company acquired six companies, contributing an additional 467 million in sales revenue from September 4 to September 9[13] Research and Development - Research and development expenses for Q3 2021 were approximately 67.4 million RMB, compared to 65.9 million RMB in Q3 2020, indicating a slight increase in investment in innovation[27] Other Financial Metrics - The basic earnings per share for Q3 2021 was ¥0.06, down 18.50% from the same period last year[5] - The company's basic earnings per share for Q3 2021 was 0.23 RMB, slightly down from 0.24 RMB in the same period last year[30] - The company reported a decrease in other comprehensive income after tax for Q3 2021, totaling approximately 2.63 million RMB, down from 4.23 million RMB in Q3 2020[30] - The company's financial expenses increased to approximately 16.72 million RMB in Q3 2021, up from 9.59 million RMB in Q3 2020, primarily due to higher interest expenses[27]
天马科技(603668) - 2021 Q3 - 季度财报
2021-10-29 16:00
Financial Performance - The company's operating revenue for Q3 2021 was ¥1,569,688,679.61, representing a year-on-year increase of 52.24%[5] - The net profit attributable to shareholders for the same period was ¥23,052,463.63, showing a decrease of 5.34% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,112,907.62, an increase of 2.66% year-on-year[5] - Operating revenue for the year-to-date reached 4.407 billion RMB, driven by new customer development and price increases in animal feed sales, contributing an additional 618 million RMB[12] - Total operating revenue for Q3 2021 reached CNY 3,814,519,680.22, an increase from CNY 2,612,381,361.64 in Q3 2020, representing a growth of approximately 46%[37] - Net profit for Q3 2021 was CNY 120,980,594.98, compared to CNY 101,582,554.38 in Q3 2020, reflecting a year-over-year increase of about 19%[39] - The company reported a total comprehensive income of CNY 123,714,027.59 for Q3 2021, up from CNY 105,907,802.29 in the same period last year, indicating a growth of around 17%[40] Assets and Liabilities - The total assets at the end of the reporting period reached ¥4,856,106,683.61, reflecting a 47.02% increase from the end of the previous year[7] - The company's total assets reached RMB 4,856,106,683.61 as of September 30, 2021, compared to RMB 3,303,044,637.99 at the end of 2020, indicating an increase of about 47%[34] - The total liabilities reached RMB 2,642,170,798.50 as of September 30, 2021, compared to RMB 1,798,142,210.93 at the end of 2020, reflecting an increase of about 47%[34] - The company's total liabilities increased, indicating a potential need for strategic financial management moving forward[46] Equity - The total equity attributable to shareholders increased to ¥1,855,583,886.53, a rise of 52.22% compared to the previous year[7] - The equity attributable to shareholders of the parent company increased to RMB 1,855,583,886.53 as of September 30, 2021, from RMB 1,219,000,271.84 at the end of 2020, showing a growth of approximately 52%[34] - Total equity attributable to shareholders reached CNY 1,219.00 million, down from CNY 1,219.26 million, reflecting a decrease of CNY 0.26 million[47] Cash Flow - The cash flow from operating activities for the year-to-date was negative at -¥93,666,456.52, a decline of 69.28% year-on-year[5] - The net cash flow from operating activities was -93,666,456.52 RMB, compared to -55,333,673.25 RMB in the same period last year, indicating a decline in operational cash flow[43] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 3,662,576,741.16, significantly higher than CNY 2,373,804,496.85 in the same period of 2020, marking an increase of approximately 54%[42] - The net cash flow from financing activities was 722,100,106.28 RMB, up from 150,299,490.46 RMB year-over-year, showing improved financing capabilities[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 436,308,976[14] - The largest shareholder, Chen Qingtang, holds 86,557,557 shares, representing 19.84% of the total shares, with 56,260,000 shares pledged[14] Expenses - Management expenses for the year-to-date totaled 478.6 million RMB, influenced by increased bonus provisions and management costs from newly acquired companies[12] - Research and development expenses for Q3 2021 amounted to CNY 67,397,651.47, compared to CNY 65,872,924.37 in Q3 2020, showing an increase of about 2%[37] Investment Activities - The company experienced a net cash outflow from investing activities of -361.41 million RMB, attributed to payments for acquisitions and fixed asset purchases[12] - Total cash outflow from investment activities reached 1,305,791,021.2 RMB, significantly higher than 702,630,822.59 RMB in the previous year, reflecting increased investment expenditures[43] - The company reported a fair value change loss of -52.19 million RMB, mainly due to reduced unredeemed financial management income[12]
天马科技(603668) - 2021 Q2 - 季度财报
2021-08-30 16:00
Financial Performance - The company's operating revenue for the first half of 2021 was approximately CNY 2.43 billion, representing a 39.25% increase compared to CNY 1.75 billion in the same period last year[22]. - The net profit attributable to shareholders of the listed company was approximately CNY 60.88 million, a 7.46% increase from CNY 56.65 million in the previous year[22]. - The net cash flow from operating activities reached approximately CNY 233.86 million, showing a significant increase of 333.96% compared to CNY 53.89 million in the same period last year[22]. - The total assets of the company at the end of the reporting period were approximately CNY 4.39 billion, a 33.04% increase from CNY 3.30 billion at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were approximately CNY 1.28 billion, reflecting a 4.76% increase from CNY 1.22 billion at the end of the previous year[22]. - The basic earnings per share for the first half of 2021 were CNY 0.18, up 5.88% from CNY 0.17 in the same period last year[22]. - The weighted average return on net assets was 4.88%, slightly increasing by 0.05 percentage points from 4.83% in the previous year[22]. - The company reported a slight increase in the net profit after deducting non-recurring gains and losses, reaching approximately CNY 55.10 million, a 1.09% increase from CNY 54.51 million[22]. Business Operations and Strategy - The company has undergone a business combination not under the same control during the reporting period[22]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in its strategic development and operational plans[9]. - The company is focusing on expanding its production facilities outside Fujian to achieve stable growth and regional leadership[31]. - The company aims to build a comprehensive supply chain platform for feed, breeding, and food, integrating the three main businesses[28]. - The company is committed to providing high-quality, safe, and traceable meat materials through standardized and intensive farming techniques[28]. - The company is actively promoting the transformation of the eel farming industry towards efficient and standardized practices[31]. - The company is enhancing its marketing structure and expanding its market presence through a "technology + service" business strategy, improving customer loyalty[81]. - The company is committed to maintaining high production standards and has implemented various quality management systems to ensure product safety and efficiency[81]. Market and Industry Insights - The company’s special aquatic feed business accounted for 29.44% of total revenue in the first half of 2021[29]. - The livestock and poultry feed business contributed 57.80% to total revenue during the same period[31]. - The company is recognized as a leading enterprise in the special aquatic feed industry, with its "Jianma" brand being a famous Chinese trademark[29]. - The market for aquatic feed in China is expected to benefit from the continuous growth in demand for meat products, supported by rising incomes and economic growth[40]. - The eel farming sector in China has a market output exceeding 120,000 tons per year, with major farming regions concentrated in Guangdong and Fujian provinces[44]. - The global demand for animal-based food products is projected to double by 2050, with significant increases expected in fish and dairy product consumption[45]. - The majority of participants in China's aquaculture industry are small enterprises, with over 90% of companies having registered capital below 5 million yuan, leading to intense competition[44]. Research and Development - The company has developed early-stage feed for seedlings, breaking the technical monopoly of countries like Japan and South Korea[29]. - The company has developed nine series of animal health products, enhancing customer loyalty and product value in the aquaculture sector[34]. - The company’s research and development efforts have led to significant advancements in feed technology, enhancing nutritional balance and growth performance for various aquatic species[51]. - The company has developed various specialized aquaculture feeds, including patented formulations for eel, turtle, and yellow croaker, with a focus on health and growth performance[49]. - The company’s shrimp feed products have shown improved feed conversion rates and faster growth rates in shrimp, indicating a strong competitive advantage in the market[53]. Financial Management and Investments - The company has implemented a centralized procurement model to effectively control raw material costs and ensure stable supply[71]. - The company has established strategic partnerships with several universities and research institutions to strengthen its R&D capabilities[68]. - The company plans to raise up to RMB 56 million through a private placement of A-shares to fund the construction of an eel ecological breeding base and a food industry base[88]. - The company completed a private placement of 96,551,724 A shares at a price of RMB 5.80 per share, raising a total of RMB 559,999,999.20[145]. - The company’s total guarantees, including those to subsidiaries, amounted to RMB 585,778,894.26[151]. Risk Management - The company faces risks from natural disasters and price fluctuations of raw materials, which could impact feed demand and production costs[105][106]. - The company has implemented measures to mitigate risks, including a comprehensive budget management system and the use of futures contracts for hedging[106]. - The company is enhancing its biosecurity measures to prevent disease outbreaks in aquaculture, focusing on standardized and intelligent management practices[108]. - The company is enhancing its risk management strategies to address potential food safety issues that could impact sales revenue[108]. Compliance and Governance - The company has committed to not engage in any business that competes with its listed operations, ensuring no conflicts of interest with its controlling shareholders and related parties[130]. - The company has established a priority right for the listed company to purchase shares from related parties in case of any competitive business activities[130]. - The company has committed to timely disclosure of any related party transactions and adherence to legal and regulatory requirements[133]. - The company has not reported any new mergers or acquisitions during the reporting period[168]. - The company has not received any penalties or corrective actions related to legal violations during the reporting period[140].
天马科技(603668) - 天马科技关于参加2021年度福建上市公司投资者网上集体接待日活动的公告
2021-05-10 07:55
1 股票简称:天马科技 股票代码:603668 公告编号:2021-051 福建天马科技集团股份有限公司 关于参加2021年度福建上市公司 投资者网上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。 为进一步加强与投资者的互动交流,使广大投资者能更深入全面地了解福建 天马科技集团股份有限公司(以下简称"公司")情况,本公司将参加由福建证 监局与福建省上市公司协会、深圳市全景网络有限公司举办的 2021 年度福建上 市公司投资者网上集体接待日活动。现将有关事项公告如下: 本次投资者网上集体接待日活动将通过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进行,投资者可以登录"全景网投资者关系互动平 台"(http://ir.p5w.net)参与本次投资者网上集体接待日活动,网上互动交流时 间为 2021 年 5 月 14 日(星期五)15:30 至 17:00。 欢迎广大投资者积极参与。 特此公告。 福建天马科技集团股份有限公司 董 事 会 二○二一年五月十日 ...
天马科技(603668) - 2020 Q4 - 年度财报
2021-04-29 16:00
Financial Performance - The company reported no cash dividend distribution, capital reserve transfer to share capital, or stock dividend distribution for the year 2020[7]. - The company’s operating revenue for 2020 was approximately ¥3.64 billion, representing a 49.89% increase compared to ¥2.43 billion in 2019[25]. - The net profit attributable to shareholders for 2020 was approximately ¥68.94 million, a 21.26% increase from ¥56.85 million in 2019[25]. - The basic earnings per share for 2020 was ¥0.20, an increase of 11.11% compared to ¥0.18 in 2019[26]. - The weighted average return on equity for 2020 was 5.83%, up by 0.48 percentage points from 5.35% in 2019[26]. - The total assets at the end of 2020 were approximately ¥3.30 billion, a 21.15% increase from ¥2.73 billion at the end of 2019[25]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥1.22 billion, reflecting a 6.41% increase from ¥1.15 billion at the end of 2019[25]. - The company reported a net profit of approximately ¥40.22 million in Q2 2020, which was the highest quarterly profit for the year[29]. - The company experienced a net loss of approximately ¥12.06 million in Q4 2020, indicating challenges in the latter part of the year[29]. - The company achieved a total operating revenue of CNY 363,995.70 million, representing a year-on-year growth of 49.89%[86]. - The net profit attributable to the parent company was CNY 68,943.50 million, with a year-on-year increase of 21.26%[86]. - The total assets reached CNY 330,304.46 million, up 21.15% from the previous year[86]. Audit and Compliance - The company received a standard unqualified audit report from Rongcheng Accounting Firm[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible persons[6]. - The company has not violated decision-making procedures for external guarantees[9]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[9]. - The company has not proposed any cash profit distribution plan for 2020, citing strategic upgrades and the need to retain earnings for working capital and future development[142]. - The company has a commitment to ensure that any related party transactions are conducted at fair market prices[145]. - The company has established a commitment to strictly adhere to its promises regarding related party transactions and to maintain the independence of its operations[145]. Risk Management - The company has outlined potential risks in its future development strategy and operational plans, which are detailed in the report[10]. - The company emphasizes the importance of risk awareness for investors regarding forward-looking statements[8]. - The company has a comprehensive risk management strategy to mitigate risks from natural disasters, raw material price fluctuations, and talent retention[134]. Business Operations and Strategy - The company’s stock is listed on the Shanghai Stock Exchange under the code 603668[22]. - The company has established a modern ecological circular aquaculture model, promoting environmentally friendly practices in eel farming[39]. - The company aims to build a national good seed base in the future, expanding its seedling promotion system[40]. - The company is actively expanding its export business, maintaining a positive trend in eel exports and live eel trade[39]. - The company emphasizes a comprehensive quality control system to ensure food safety across its operations[39]. - The company has implemented a "center + subsidiary" operational model, establishing various centers to support procurement, production, R&D, finance, marketing, and human resources[47]. - The company is focused on expanding its product offerings, including frozen grilled eel and local specialties, supported by a strong R&D system[52]. - The company is committed to a full industry chain strategy, integrating aquaculture, feed production, and food processing to provide healthy food products[127]. - The company aims to enhance its competitive advantage by extending its business model along the entire industry chain, focusing on technology and scale effects[122]. Research and Development - The company has established strategic partnerships with several universities and research institutions to enhance its R&D capabilities[70]. - The company holds 62 patents, including 51 invention patents, showcasing its commitment to innovation and technology development[70]. - The company is actively involved in the research and development of new feed products, with a focus on enhancing nutritional value and production efficiency[43]. - The total R&D expenditure amounted to CNY 85.70 million, accounting for 2.35% of total operating income, with a year-on-year increase of 26.75%[105][106]. Environmental and Social Responsibility - The company emphasizes maintaining food safety and quality, adhering to multiple management systems including ISO9001 and HACCP[136]. - The company is focused on sustainable development and improving the quality of aquatic products through advanced processing techniques and logistics systems[124]. - The company has a strong commitment to corporate social responsibility, actively participating in charitable activities and community support[195]. - The company contributed 1 million RMB to the local talent training fund and made various donations totaling over 1.5 million RMB to support education and social welfare initiatives[195]. - The company donated approximately RMB 4.875 million in cash and materials to support COVID-19 prevention efforts[189]. Market Trends and Industry Insights - The special aquatic feed industry in China has seen a compound annual growth rate (CAGR) of 7.12% from 2006 to 2020, with production increasing from 752,400 tons to 1,971,000 tons[58]. - The feed production industry in China saw a compound annual growth rate of 4.55% from 2010 to 2020, with total feed production increasing from 16,202 million tons to 25,276.1 million tons[121]. - The overall market for China's feed industry remains promising due to the continuous growth in demand for meat products driven by rising incomes and urbanization[58]. Future Plans and Goals - The company aims to achieve a revenue target of 450 million to 550 million yuan and a net profit target of 10 million to 13 million yuan in 2021[129]. - The company plans to enhance its global marketing layout through the "Hundred Regiments Battle" strategy, aiming for rapid revenue growth and market expansion[127]. - The company aims to strengthen its talent pool by establishing a resource database and enhancing the recruitment of high-quality leadership talent[132]. - The company plans to enhance its information technology infrastructure, including the integration of various management systems and digitalization of operations[132].
天马科技(603668) - 2021 Q1 - 季度财报
2021-04-29 16:00
Financial Performance - Operating revenue for the first quarter reached CNY 949,082,453.80, representing a 15.35% increase year-on-year[12] - Net profit attributable to shareholders was CNY 18,428,753.99, up 12.20% from the same period last year[12] - The company reported a decrease of 1.65% in net profit after deducting non-recurring gains and losses, totaling CNY 17,229,915.01[12] - Basic earnings per share remained stable at CNY 0.05[12] - Total operating revenue for Q1 2021 was CNY 949,082,453.80, an increase of 15.4% compared to CNY 822,754,718.65 in Q1 2020[48] - Total operating costs for Q1 2021 were CNY 894,568,262.14, up 14.7% from CNY 779,687,954.22 in Q1 2020[48] - Operating profit for Q1 2021 reached CNY 44,499,506.57, representing a 37.3% increase from CNY 32,421,337.52 in Q1 2020[48] - Total profit for Q1 2021 was ¥10,724,368.47, compared to ¥11,374,873.28 in Q1 2020, a decrease of 5.7%[54] - Net profit for Q1 2021 was ¥10,109,223.74, down from ¥10,597,091.31 in Q1 2020, representing a decline of 4.6%[56] - Operating profit for Q1 2021 was ¥11,051,515.72, compared to ¥14,545,926.60 in Q1 2020, reflecting a decrease of 24.3%[54] Cash Flow - Net cash flow from operating activities surged to CNY 107,632,693.90, a significant increase of 11,297.18% compared to the previous year[12] - Cash inflow from operating activities was ¥1,392,347,492.97 in Q1 2021, significantly higher than ¥847,986,308.36 in Q1 2020, indicating a growth of 64.4%[57] - Total cash outflow from operating activities reached 1,284,714,799.07 RMB, compared to 847,041,928.24 RMB last year[58] - Net cash flow from investment activities was -402,367,681.42 RMB, a decline from 7,130,528.77 RMB in the previous year[58] - Cash inflow from financing activities totaled 277,177,939.00 RMB, compared to 91,500,000.00 RMB last year[58] - Net cash flow from financing activities was 125,669,708.12 RMB, a recovery from -26,181,259.66 RMB in the previous year[61] Assets and Liabilities - Total assets increased by 16.53% to CNY 3,849,119,329.16 compared to the end of the previous year[12] - Total current assets increased to CNY 2,091,556,314.49 as of March 31, 2021, up from CNY 1,994,043,045.04 on December 31, 2020, representing a growth of approximately 4.9%[33] - Total non-current assets reached CNY 1,757,563,014.67 as of March 31, 2021, up from CNY 1,309,001,592.95 on December 31, 2020, reflecting a growth of approximately 34.2%[36] - Total liabilities amounted to CNY 2,249,602,505.78 as of March 31, 2021, compared to CNY 1,798,142,210.93 on December 31, 2020, marking an increase of about 25.1%[38] - The total equity attributable to shareholders increased to CNY 1,239,410,114.91 as of March 31, 2021, from CNY 1,219,000,271.84 on December 31, 2020, showing a growth of approximately 1.7%[38] Shareholder Information - The number of shareholders at the end of the reporting period was 23,484[18] - The largest shareholder, Chen Qingtang, holds 25.48% of the shares, with 86,557,557 shares pledged[18] Expenses - Management expenses grew by 30.19% to 28,430,218.84 from 21,837,079.13 mainly due to increased bonus provisions[24] - Research and development expenses in Q1 2021 amounted to CNY 16,119,886.64, an increase of 9.5% from CNY 14,728,635.69 in Q1 2020[48] - Research and development expenses increased to ¥11,790,528.47 in Q1 2021, up from ¥8,788,007.04 in Q1 2020, marking a rise of 34.1%[54] Other Financial Metrics - The weighted average return on equity increased by 0.08 percentage points to 1.50%[12] - Trading financial assets decreased by 94.88% to 3,086,367.14 from 60,335,076.71 due to the redemption of bank wealth management products[22] - Accounts receivable notes dropped by 65.22% to 1,517,946.93 from 4,364,580.33 as a result of the maturity of previously endorsed notes[22] - Long-term prepaid expenses increased by 53.64% to 33,487,357.62 from 21,796,457.91 due to new land rent and compensation for eel farming base construction[22] - Other non-current assets surged by 3,205% to 409,637,950.53 from 12,395,318.63, primarily from the acquisition of equity in six subsidiaries of COFCO Huagang[22] - Short-term borrowings rose by 39.13% to 813,203,796.47 from 584,500,935.07 to ensure sufficient raw material supply during peak production[22] - Contract liabilities increased by 35.42% to 85,354,358.92 from 63,030,590.79 due to increased customer demand for advance feed payments[22]
天马科技(603668) - 2020 Q3 - 季度财报
2020-10-30 16:00
Financial Performance - Operating revenue for the first nine months reached CNY 2,776,356,598.34, a 68.56% increase year-on-year[17] - Net profit attributable to shareholders was CNY 81,002,464.51, reflecting an 11.91% increase compared to the same period last year[17] - Basic earnings per share rose to CNY 0.24, up 9.09% from the previous year[19] - Total operating revenue for Q3 2020 reached ¥1,031,088,680.47, a 30.2% increase from ¥791,455,991.17 in Q3 2019[41] - Net profit for Q3 2020 was ¥34,094,248.29, compared to ¥30,088,502.67 in Q3 2019, reflecting a 10.0% increase[45] - The company reported a net profit attributable to shareholders of ¥24,353,311.86 in Q3 2020, up from ¥19,842,951.81 in Q3 2019[45] - The company’s total profit for the first three quarters of 2020 was ¥126,317,344.66, compared to ¥96,166,924.23 in the same period of 2019, reflecting a 31.4% increase[45] Assets and Liabilities - Total assets increased by 20.16% to CNY 3,276,092,554.46 compared to the end of the previous year[17] - The company's total assets reached CNY 3,276,092,554.46, up from CNY 2,726,383,441.04, reflecting a growth of approximately 20.2%[37] - Total liabilities increased to CNY 1,777,059,308.04, up from CNY 1,326,582,560.90 year-over-year, representing a growth of approximately 33.9%[36] - Current liabilities totaled CNY 1,722,036,539.93, compared to CNY 1,282,952,420.56 in the previous year, marking an increase of about 34.3%[36] - The total equity attributable to shareholders reached CNY 1,230,675,014.60, up from CNY 1,145,527,284.87, indicating an increase of approximately 7.4%[37] Cash Flow - Net cash flow from operating activities improved by 44.11%, reaching -CNY 55,333,673.25 for the first nine months[17] - The net cash flow from operating activities for the first three quarters of 2020 was ¥46,586,273.22, a significant improvement compared to a net outflow of ¥183,302,597.47 in the same period of 2019[54] - Total cash inflow from operating activities reached ¥919,265,426.48, up from ¥767,247,956.55 in the previous year, indicating a growth of approximately 19.7%[54] - The company reported a net cash outflow from operating activities of RMB 55.33 million in Q3 2020, an improvement from RMB 99.00 million in Q3 2019[53] Shareholder Information - The total number of shareholders reached 21,628 by the end of the reporting period[20] - The largest shareholder, Chen Qingtang, holds 25.48% of the shares, with 56,260,000 shares pledged[20] Research and Development - Research and development expenses increased by 60.17% to CNY 65,872,924.37, reflecting investment in new feed varieties and product performance improvements[25] - Research and development expenses for Q3 2020 totaled ¥18,598,526.97, a decrease from ¥65,872,924.37 in Q3 2019[43] Government Support - The company received government subsidies amounting to CNY 12,248,692.38 during the reporting period[19] - Other income increased by 94.56% to CNY 12,248,692.38, mainly due to an increase in government subsidies received[27] Financial Management - Financial expenses decreased by 51.34% to CNY 9,591,985.75, primarily due to exchange gains of CNY 2,089,900 compared to losses of CNY 8,602,700 in the previous period[27] - The company established a special scheduling and reporting mechanism for fundraising projects to ensure timely updates to the board and management[28] Inventory and Receivables - Accounts receivable increased by 95.28% to CNY 815,280,299.21 due to sales growth during the peak season[24] - Inventory levels slightly increased to CNY 362,013,273.24 from CNY 358,404,276.90, a growth of about 1.9%[39] Investment Activities - The company’s long-term equity investments decreased by 43.51% to CNY 17,238,270.48 due to losses from a subsidiary[24] - Investment income showed a significant decline of 424.89%, resulting in a loss of CNY 15,633,333.34, primarily due to losses from a subsidiary in the breeding of live ducks[27] Future Plans - The company plans to raise up to CNY 560 million through a non-public offering of A-shares, with funds primarily allocated to the construction of an eel ecological breeding base and food industry base[30]
天马科技(603668) - 2020 Q2 - 季度财报
2020-07-29 16:00
Financial Performance - The company's operating revenue for the first half of 2020 reached ¥1,745,267,917.87, representing a year-on-year increase of 103.96%[21] - The net profit attributable to shareholders of the listed company was ¥56,649,152.65, an increase of 7.83% compared to the same period last year[21] - The net profit after deducting non-recurring gains and losses was ¥54,507,931.79, which is a 15.42% increase year-on-year[21] - The total profit for the same period was RMB 81.08 million, representing a year-on-year growth of 29.75%[55] - The company's total assets reached RMB 3,155.31 million, an increase of 15.73% compared to the end of the previous year[55] - The total liabilities amounted to RMB 1,694.96 million, reflecting a growth of 27.77% from the previous year[55] - The company's cash and cash equivalents increased by 52.95% to approximately ¥530.68 million compared to the beginning of the year[49] - The net cash flow from operating activities improved to ¥53,889,779.42, a significant recovery from a negative cash flow of ¥291,118,892.18 in the previous year[67] Research and Development - The company has obtained 61 authorized invention patents and has participated in the formulation of 10 national and industry standards, showcasing its commitment to technological innovation[49] - The company's research and development efforts have led to the successful development of specialized feed for glass eels, breaking the technological monopoly of countries like Japan and South Korea[49] - Research and development expenses rose to ¥36,864,923.05, a 63.65% increase from ¥22,527,185.78, driven by the company's "Ten Fish" strategy for new feed varieties and product performance improvements[68] - The company has invested ¥3,686.49 million in R&D for high-efficiency feed products for various fish species during the reporting period[66] Market Position and Strategy - The company is a national high-tech enterprise specializing in the research, production, and sales of special aquatic feed, with its eel feed product ranking first in national sales[27] - The company aims to create the largest grilled eel platform globally, with its "Eel Hall" brand gaining significant consumer recognition[29] - The company has established a procurement model where over 90% of key raw materials, such as fish meal and soybean meal, are procured through a centralized purchasing system[35] - The company has established a "center + subsidiary" operational model to support its special aquatic feed business, enhancing efficiency across procurement, production, and sales[34] Sustainability and Social Responsibility - The company is committed to a sustainable operation model for the entire eel industry chain, promoting diversified business development[29] - The company has actively participated in poverty alleviation efforts, focusing on industrial development and educational support[108] - The company donated approximately RMB 4.875 million in cash and materials in response to the COVID-19 pandemic[55] - The company has implemented a mechanism to monitor environmental protection and ensure compliance with national standards during production[114] Risks and Challenges - The company faces risks from natural disasters and epidemics affecting the aquaculture industry, which may lead to fluctuations in feed demand due to environmental changes and disease outbreaks[78] - The company is exposed to risks from price fluctuations of key raw materials such as fish meal and soybean meal, which can significantly impact production costs[78] - The company has implemented measures to mitigate risks from raw material price volatility, including real-time tracking of market trends and using futures contracts for hedging[78] Shareholder and Corporate Governance - The company has not proposed any profit distribution or capital reserve increase for the half-year period, indicating a focus on reinvestment[89] - The commitment to avoid related party transactions unless necessary, ensuring fairness and compliance with legal regulations, has been reaffirmed[92] - The company guarantees that any related party transactions will be conducted at prices similar to those with independent third parties to maintain fairness and reasonableness[92] - The company has confirmed that any business opportunities that may conflict with its operations will be transferred to the company[90] Industry Overview - The global feed industry reached a total production of 1.126 billion tons in 2019, marking a 29.3% increase since 2011, with a compound annual growth rate of 3.26%[43] - The feed industry in China has seen a reduction in the number of production enterprises from 10,843 in 2010 to 5,016 in 2019, indicating ongoing industry consolidation[55] - The domestic grilled eel consumption market is showing significant growth, with annual sales increasing by over 20% in the past three years, indicating strong market potential[47]