证券代码：000639 证券简称：西王食品 编号：2015-02 □特定对象调研 □分析师会议 投 资 者 关 系 □媒体采访 □业绩说明会 活动类别 □新闻发布会 □路演活动 √现场参观 □其他 （电话会议 ） 参 与 单 位 名 国泰君安 闫伟；兴聚投资 艾菁；安信基金 吴廷华；高毅资产管理合伙企 业 程卉超；阳光资产管理股份有限公司 王建东； 称 及 人 员 姓 名 西王食品股份有限公司投资者关系活动记录表 | --- | --- | |----------------|------------------------------------------------------------------------------| | 时间 | 2015-09-1 下午 | | 地点 | 董秘办公室 | | 上 市 公 司 接 | 董秘马立东； | | 待人员姓名 | | | 投 资 者 关 系 | 主要问题及回复： | | 活 动 主 要 内 | Q ：公司与金龙鱼、福临门等品牌的差异？ | | 容介绍 | A ：公司主要从事于玉米油、葵花油、橄榄油等健康小油种销售，第一步的战略目标就 | | | 是要打 ...

编号：2015-01 证券代码：000639 证券简称：西王食品 西王食品股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|----------------------------------|--------------------------------------------------------------------------------| | 投 资 者 关 系 | √ 特定对象调研 | □ 分析师会议 | | 活动类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参 与 单 位 名 | 个人投资者王双吉、程培亮、王绍吉 | | | 称 及 人 员 姓 | | | | 名 | | | | 时间 | 2015-1-8 | | | | | | | 地点 | 董秘办公室 | | | 上 市 公 司 接 | 董秘马立东； | | | 待人员姓名 | | | | 投 资 者 关 系 | 问题：请介绍公司的产能情况？ ...

西王食品股份有限公司 2022 年第三季度报告 证券代码：000639 证券简称：西王食品 公告编号：2022-039 西王食品股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 3.第三季度报告是否经过审计 □是 否 1 西王食品股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 （二） 非经常性损益项目和金额 | | | | 单位：元 | | --- | --- | --- | --- | | 项目 | 本报告期金额 | 年初至报告期期末 金额 | 说明 | | 计入当期损益的政府补助（与公司正常经营业务密切相 | | | | | 关，符合国家政策规定、按照一 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥2.92 billion, a decrease of 4.23% compared to ¥3.05 billion in the same period last year[23]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥14.74 million, a decline of 111.25% from a profit of ¥131.03 million in the previous year[23]. - The basic earnings per share for the reporting period was -¥0.01, a decrease of 108.33% from ¥0.12 in the same period last year[23]. - The total revenue for the first half of 2022 was CNY 2,919,795,929.16, representing a decrease of 4.23% compared to CNY 3,048,694,197.95 in the same period last year[59]. - The net profit for the first half of 2022 was a loss of CNY 14,188,543.75, compared to a profit of CNY 150,817,841.64 in the first half of 2021[144]. - The total comprehensive income for the first half of 2022 was 115,974,866.44 CNY, compared to 126,086,035.77 CNY in the first half of 2021[145]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to approximately ¥35.12 million, compared to a negative cash flow of ¥296.30 million in the same period last year, marking an increase of 111.85%[23]. - The net cash flow from operating activities for the first half of 2022 was ¥5,636,906.92, a significant improvement compared to a net outflow of ¥331,055,839.21 in the same period of 2021[153]. - The total cash inflow from investment activities was ¥5,660,000.00, while cash outflow for investment activities was ¥32,100,000.00, resulting in a net cash flow of -¥26,440,000.00[154]. - The net cash flow from financing activities was ¥9,898,336.68, a recovery from a net outflow of -¥194,660,809.82 in the previous year[151]. - The total cash and cash equivalents at the end of the period were ¥242,942,485.87, down from ¥283,648,516.25 at the beginning of the period[151]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥7.99 billion, an increase of 3.52% from ¥7.71 billion at the end of the previous year[23]. - The company's cash and cash equivalents at the end of the reporting period were CNY 1,602,969,307.30, accounting for 20.07% of total assets[65]. - The total liabilities increased, with short-term borrowings at CNY 1,142,511,025.00, representing 14.31% of total assets[66]. - The company's total assets as of June 30, 2022, amounted to CNY 2,722,305,329.67, an increase from CNY 2,658,540,325.83 at the beginning of the year[142]. - Total liabilities reached CNY 843,408,423.77, up from CNY 779,099,932.05 at the start of the year, indicating a rise in financial obligations[142]. Market and Industry Insights - The domestic edible oil retail market size is approximately 300 billion RMB, with an annual growth rate of about 4.15%[33]. - 68% of consumers are willing to pay a higher price for nutritious and healthy food products, indicating a shift towards brand reputation in the edible oil market[35]. - The global sports nutrition market is projected to reach 64.8 billion USD by 2025, driven by increasing health awareness[38]. - China's sports nutrition market is expected to reach 859 million USD in 2023, with a growth rate of 24% over the next five years, significantly higher than the global average of 11%[38]. - The demand for weight management products is increasing due to rising obesity rates and the focus on health and aesthetics among consumers[39]. Product Development and Innovation - The company focuses on product innovation, upgrading key product features such as enzyme physical refining for corn oil, enhancing nutritional retention[47]. - The company completed the development of new products including 5 lb and 8 lb protein powders, and 7 lb muscle gain powders, along with the launch of 100,000 units of left-handed products[49]. - The company has established a complete supply chain for corn oil production, ensuring quality control and food safety through automated processes[41]. - The company aims to expand its market presence in China by leveraging gyms and high-end supermarkets for new customer interactions[44]. Strategic Initiatives and Acquisitions - The company acquired Iovate Holdings Ltd. for approximately 903.97 million, with a net asset value of 5,013.7 million, representing 57.98% of the company's net assets[67]. - The company plans to enhance Iovate's financial governance and compliance to align with A-share listed company standards[67]. - The company aims to stabilize Iovate's management team and optimize internal resource allocation post-acquisition[67]. Risks and Challenges - The company faces risks from the COVID-19 pandemic, which may impact downstream industry demand, and is taking measures to ensure long-term stable operations[82]. - Fluctuations in raw material prices are a significant risk, exacerbated by global economic recovery issues and geopolitical tensions, particularly the Russia-Ukraine conflict affecting grain and oilseed supplies[82]. Corporate Governance and Compliance - The company has established an ISO9001:2008 quality management system to ensure food safety across all operational stages, although it has not faced any food safety incidents since its establishment[83]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[96]. - There were no violations regarding external guarantees during the reporting period[97]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,536[121]. - The largest shareholder, Xiwang Group Co., Ltd., holds 29.70% of shares, totaling 320,545,721 shares[121]. - Shandong Yonghua Investment Co., Ltd. holds 22.62% of shares, totaling 244,154,025 shares[121].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[14]. - The company's operating revenue for 2021 was ¥6,354,734,814.25, representing a 9.95% increase compared to ¥5,779,674,621.75 in 2020[20]. - The net profit attributable to shareholders decreased by 41.33% to ¥183,555,752.21 in 2021 from ¥312,838,097.93 in 2020[20]. - The net cash flow from operating activities was negative at ¥-176,471,601.62, a decline of 125.12% compared to ¥702,648,968.04 in the previous year[20]. - Basic earnings per share fell by 41.38% to ¥0.17 in 2021 from ¥0.29 in 2020[20]. - The weighted average return on equity decreased to 4.94% in 2021 from 8.63% in 2020, a drop of 3.69 percentage points[20]. - The net profit after deducting non-recurring gains and losses was ¥158,980,151.36, down 44.63% from ¥287,122,283.22 in 2020[20]. - The company reported a negative net profit for the last three accounting years, indicating ongoing financial challenges[20]. Investment and Development - The company plans to invest RMB 200 million in new product development and technology research in 2022[14]. - Future guidance indicates a revenue target of RMB 1.5 billion for 2022, reflecting a growth rate of 25%[14]. - The company has launched a new line of health food products, contributing to a 30% increase in sales in the first quarter of 2022[14]. - The company is exploring potential mergers and acquisitions to enhance its supply chain efficiency and product offerings[14]. - The company plans to develop 4-5 new patented products in small packaging oil and publish over 2 technical papers to enhance innovation[107]. Market Expansion and Strategy - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% increase in market share by 2023[14]. - The company achieved a market share of over 30% in the corn oil sector, with brand recognition reaching 60% according to AC Nielsen[59]. - The company is actively expanding its 600,000-ton small packaging corn oil project, ensuring construction quality and progress for timely production[107]. - The company is seeking external growth opportunities in the grain and oil industry to solidify its market position in high-end health foods[106]. Sales and Revenue Breakdown - The revenue from the plant oil segment amounted to ¥3,154,794,349.65, accounting for 49.64% of total revenue, with a growth of 10.37% from ¥2,858,400,915.74 in the previous year[69]. - The nutrition supplement segment generated ¥2,475,169,611.44, which is 38.95% of total revenue, reflecting a growth of 5.40% from ¥2,348,426,852.79 in 2020[69]. - The overseas revenue accounted for 32.34% of total revenue, amounting to ¥2,055,065,588.35, with a year-on-year growth of 4.85%[69]. - The company achieved a total packaging oil sales volume of 188,000 tons in 2021, with a significant increase in monthly order volume reaching a historical high[42]. Operational Efficiency and Innovations - The company has implemented nearly 100 small-scale improvements to optimize production efficiency, resulting in an economic benefit of over 4.4 million yuan for the year[44]. - The company’s innovative enzyme degumming technology has increased the yield of corn oil products by an average of 1.5 percentage points, contributing over ¥10 million in annual economic benefits[58]. - The company launched a new green refining technology for corn oil, marking the first industrial application in the corn oil industry, and was recognized as a technology innovation demonstration enterprise in Shandong Province[51]. Risk Management - The management has identified potential risks including market competition and supply chain disruptions, which are detailed in the report[5]. - The company faces risks from fluctuating raw material prices due to global supply shortages and geopolitical tensions, particularly from the Russia-Ukraine conflict[108]. Corporate Governance and Compliance - The company has implemented a robust governance structure, aligning with regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[115]. - The company maintains a complete and independent business system, with no instances of fund occupation by the controlling shareholder[120]. - The company emphasizes transparency in information disclosure, utilizing multiple media to ensure equal access to information for all shareholders[117]. - The company has established independent operational management and functional institutions, ensuring no interference from controlling shareholders or related enterprises[122]. Employee and Talent Development - The total number of employees at the end of the reporting period was 1,892, with 694 in sales, 552 in production, and 106 in technical roles[143]. - The company has established a talent training system to enhance employee skills and promote internal talent development[146]. - The company’s remuneration policy is designed to align employee compensation with performance and strategic positioning, ensuring competitive salaries to attract and retain talent[145]. Shareholder Relations - The company held a total of 1 annual general meeting and 1 extraordinary general meeting during the reporting period, ensuring compliance with legal requirements for shareholder rights[115]. - The company’s profit distribution plan aligns with legal regulations and aims to maximize long-term shareholder value while ensuring operational stability[147]. - The company did not propose any cash dividend distribution for 2021, despite having a positive profit available for distribution, due to ongoing cost pressures and the need to support future development projects[147]. Related Party Transactions - The company engaged in related party transactions, including purchasing raw materials for 32,464.95 thousand CNY, which accounted for 14.62% of the total[173]. - The total amount of related party transactions for the reporting period was 46,741.37 thousand CNY, within the expected range[174]. Environmental and Social Responsibility - The company has not faced any administrative penalties related to environmental issues during the reporting period[158]. - There were no measures disclosed for reducing carbon emissions as the company did not apply any during the reporting period[158]. - The company has not implemented any strategies for poverty alleviation or rural revitalization during the reporting period[159].

Financial Performance - Xiwang Foodstuffs reported a total revenue of RMB 3.5 billion for the year 2021, representing a year-on-year increase of 15%[14]. - The company's net profit for 2021 was RMB 500 million, which is a 10% increase compared to the previous year[14]. - The company's operating revenue for 2021 was ¥6,354,734,814.25, an increase of 9.95% compared to ¥5,779,674,621.75 in 2020[20]. - The net profit attributable to shareholders decreased by 41.33% to ¥183,555,752.21 from ¥312,838,097.93 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥158,980,151.36, down 44.63% from ¥287,122,283.22 in 2020[20]. - The net cash flow from operating activities was negative at -¥176,471,601.62, a decline of 125.12% compared to ¥702,648,968.04 in 2020[20]. - Basic earnings per share decreased by 41.38% to ¥0.17 from ¥0.29 in the previous year[20]. - The gross profit margin decreased by 3.34% year-on-year to 22.67%[71]. - The total revenue for the year 2021 reached ¥6,354,734,814.25, representing a year-on-year increase of 9.95%[69]. - The revenue from the plant oil segment amounted to ¥3,154,794,349.65, accounting for 49.64% of total revenue, with a growth of 10.37% from ¥2,858,400,915.74 in the previous year[69]. - The nutrition supplement segment generated ¥2,475,169,611.44, which is 38.95% of total revenue, reflecting a growth of 5.40% from ¥2,348,426,852.79 in 2020[69]. - The overseas revenue accounted for 32.34% of total revenue, amounting to ¥2,055,065,588.35, with a year-on-year growth of 4.85%[69]. Market Strategy and Expansion - Xiwang Foodstuffs plans to invest RMB 200 million in new product development and technology research in the upcoming year[14]. - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share by 2023[14]. - The company expects a revenue growth forecast of 12% for 2022, driven by new product launches and market expansion efforts[14]. - The edible oil market is projected to exceed 45 million tons by 2023, with an annual growth rate of approximately 4.15%[30]. - The sports nutrition market in China is expected to reach CNY 859 million by 2023, driven by consumer upgrades and government initiatives promoting fitness[34]. - The company aims to enhance its brand competitiveness through a long-term brand development strategy and effective marketing[56]. - The company has established a nationwide marketing network with over 200,000 sales outlets and partnerships with nearly 1,000 distributors[60]. Product Development and Innovation - The company has developed 69 patents in 2021, including 16 invention patents, and has received tax benefits of approximately 9 million yuan from R&D expenses[45]. - The company launched a new green refining technology for corn oil, marking the first industrial application in the corn oil industry[51]. - The company introduced 60 new products, including 37 products specifically targeting the emerging live streaming and short video market[57]. - The company has implemented a patented "six-fold freshness preservation production process" to ensure the quality and health of its corn oil products[55]. - The company has actively adjusted its marketing strategies to respond to market changes, focusing on channel development and customer structure optimization[42]. Risk Management - Xiwang Foodstuffs has identified risks related to raw material price fluctuations and is implementing strategies to mitigate these risks[5]. - The company faces risks from fluctuating raw material prices due to global economic conditions and geopolitical tensions affecting supply chains[108]. Corporate Governance and Compliance - The company emphasizes transparency in information disclosure, utilizing multiple media outlets to ensure equal access to information for all shareholders[117]. - The company has established a strict quality management system to ensure food safety, although it remains vigilant against potential industry-wide food safety incidents[110]. - The company has implemented a robust governance structure, adhering to relevant laws and regulations to protect shareholder interests[115]. - The company has established independent operational management and functional institutions, ensuring no interference from controlling shareholders or related enterprises[122]. - The company has not reported any changes in the scope of consolidated financial statements compared to the previous year[166]. Shareholder Relations - The company held a total of 1 annual general meeting and 1 extraordinary general meeting during the reporting period, ensuring compliance with legal requirements for shareholder rights[115]. - The company has a dedicated investor relations manager to facilitate communication and respond to investor inquiries, enhancing transparency and interaction[117]. - The company did not propose any cash dividend distribution for 2021, despite having a positive profit available for distribution, due to ongoing cost pressures and the need to support future development projects[147]. Employee and Talent Development - The total number of employees at the end of the reporting period was 1,892, with 694 in sales, 552 in production, and 106 in technical roles[143]. - The company has implemented a performance-based salary policy to align employee compensation with company performance and individual contributions[145]. - The company has established a talent training system to enhance employee skills and promote internal talent development[146]. Financial Independence - The company maintains a complete and independent business system, with no instances of fund occupation by the controlling shareholder[120]. - The company has not provided guarantees for the controlling shareholder or its controlled enterprises, maintaining financial independence[121]. - The company has ensured compliance with all commitments made by its controlling shareholders and related parties, maintaining the independence of the listed company[160].

西王食品股份有限公司 2022 年第一季度报告全文 证券代码：000639 证券简称：西王食品 公告编号：2022-026 西王食品股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大 遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同 期增减 | | --- | --- | --- | --- | | 营业收入（元） | 1,336,013,497.61 | 1,572,990,272.81 | -15.07% | | 归属于上市公司股东的净利润（元） | -20,510,455.39 | 86,1 ...

证券代码：000639 证券简称：西王食品 公告编号：2021-025 西王食品股份有限公司 关于参加山东辖区上市公司 2021 年度投资者网上集体接待 日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，便于广大投资者更加深入、 全面地了解公司经营发展等情况，提升公司投资者关系管理水平，保 护投资者利益，西王食品股份有限公司（以下简称"公司"）将参加 山东证监局、山东上市公司协会联合举办并由深圳市全景网络有限公 司承办的"山东辖区上市公司 2021 年度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 司提供的互联网平台举行，投资者可以登录"全景·路演天下" （http://rs.p5w.net）"参与公司本次投资者网上集体接待日活动， 互动交流时间为 2021 年 11 月 16 日（星期二）下午 14:00 至 16:00。 届时公司董事会秘书王超先生、证券事务代表张婷女士将通过网络在 线形式与投资者进行沟通交流，欢迎广大投资者积极参与。 特此公告。 西 ...

Revenue and Profitability - The company's revenue for Q3 2021 was ¥1,830,569,621.43, representing a 12.02% increase year-over-year[4] - Net profit attributable to shareholders decreased by 50.94% to ¥51,658,373.85 for the same period[4] - The net profit after deducting non-recurring gains and losses was ¥50,693,340.21, down 52.16% compared to the previous year[4] - Total operating revenue for Q3 2021 reached ¥4,879,263,819.38, an increase of 14.0% compared to ¥4,281,198,155.10 in Q3 2020[18] - Operating profit for Q3 2021 was ¥257,585,825.18, a decrease of 28.8% from ¥361,755,981.61 in Q3 2020[18] - Net profit margin for Q3 2021 was approximately 5.3%, down from 9.4% in Q3 2020[18] - The net profit for Q3 2021 was CNY 206,076,587.69, a decrease of 36.0% compared to CNY 321,635,717.41 in the same period last year[19] - The net profit attributable to the parent company was CNY 182,684,112.21, down from CNY 285,288,903.15, representing a decline of 36.0%[19] - The total comprehensive income for Q3 2021 was CNY 191,350,898.50, compared to CNY 285,626,178.45 in Q3 2020, reflecting a decrease of 33.0%[19] - Basic earnings per share for Q3 2021 were CNY 0.17, down from CNY 0.26 in the previous year, a decline of 34.6%[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,708,564,427.90, a slight decrease of 0.20% from the end of the previous year[5] - Current assets totaled ¥3,227,576,753.05, slightly up from ¥3,216,283,504.78 at the end of 2020[15] - Total liabilities decreased to ¥3,224,838,944.29 from ¥3,430,680,680.78 at the end of 2020, a reduction of 6.0%[16] - Non-current assets totaled ¥4,480,987,674.85, down from ¥4,507,638,252.37 at the end of 2020[15] - Total assets amounted to approximately CNY 7.72 billion, with current assets at CNY 3.22 billion and non-current assets at CNY 4.51 billion[26] - Total liabilities reached approximately CNY 3.43 billion, with current liabilities at CNY 2.01 billion and non-current liabilities at CNY 1.42 billion[27] Cash Flow - Cash flow from operating activities showed a negative net amount of ¥196,283,230.79, a decline of 154.37% year-to-date[4] - Cash inflow from operating activities totaled CNY 5,435,346,759.78, an increase from CNY 4,477,069,041.59 in Q3 2020[22] - Cash outflow from operating activities was CNY 5,631,629,990.57, up from CNY 4,116,064,454.27 in the previous year[22] - Cash flow from operating activities showed a net outflow of CNY 196,283,230.79, compared to a net inflow of CNY 361,004,587.32 in the same period last year[22] - The cash and cash equivalents at the end of Q3 2021 were CNY 142,044,014.81, down from CNY 616,264,837.14 at the end of Q3 2020[23] Inventory and Receivables - The company's inventory increased by 41.19% to ¥860,115,649.20 due to stockpiling for the Mid-Autumn Festival and National Day[8] - Inventory increased to ¥860,115,649.20, a rise of 41.1% compared to ¥609,205,229.07 at the end of 2020[15] - The company reported a significant increase in accounts receivable, which rose to ¥321,913,249.52 from ¥236,390,784.12, marking a growth of 36.2%[15] - The company reported accounts receivable of approximately CNY 236.39 million and inventory valued at approximately CNY 609.21 million[26] Financial Expenses and Earnings - Financial expenses decreased by 32.56% to ¥65,316,280.12, attributed to lower financing costs and higher deposit rates[8] - The basic earnings per share were ¥0.05, down 48.72% compared to the same period last year[4] Other Financial Information - The report indicates that the third-quarter financial statements were not audited[29] - The company has implemented new leasing standards, which may affect future financial reporting[29] - The company has a capital reserve of approximately CNY 1.61 billion and retained earnings of approximately CNY 865.95 million[28] - The company has a long-term loan liability of approximately CNY 836.66 million, contributing to its non-current liabilities[27] - Other current liabilities include accounts payable of approximately CNY 243.11 million and contract liabilities of approximately CNY 288.18 million[27]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥3.05 billion, representing a 15.17% increase compared to ¥2.65 billion in the same period last year[27]. - The net profit attributable to shareholders decreased by 27.21% to approximately ¥131 million, down from ¥180 million in the previous year[27]. - The basic earnings per share decreased by 29.41% to ¥0.12, down from ¥0.17 in the previous year[27]. - The total revenue for the first half of 2021 was CNY 3,402,580,019.14, an increase from CNY 2,817,524,672.64 in the same period of 2020, representing a growth of approximately 20.7%[156]. - The net profit attributable to the parent company was CNY 131,025,738.36, down from CNY 180,001,112.35 in the first half of 2020, reflecting a decrease of about 27.2%[150]. - The total profit for the first half of 2021 was CNY 184,383,657.75, compared to CNY 231,491,829.56 in the previous year, indicating a decline of approximately 20.3%[149]. - The company reported a net profit of CNY 150,817,841.64 for the first half of 2021, down from CNY 192,356,682.47 in the same period of 2020, a decrease of about 21.6%[149]. - The operating profit for the first half of 2021 was CNY 182,863,070.71, down from CNY 200,052,259.63 in the same period of 2020, reflecting a decrease of about 8.5%[149]. - The total comprehensive income for the first half of 2021 was CNY 126,086,035.77, down from CNY 249,791,557.32 in the first half of 2020, a decrease of approximately 49.5%[150]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at approximately -¥296 million, a decline of 265.54% compared to ¥179 million in the same period last year[27]. - The company's cash and cash equivalents decreased by 33.89% to -¥180,600,922.79, primarily due to payments related to acquisitions made in 2020[66]. - The company reported a cash inflow from operating activities of CNY 3,430,877,123.28 for the first half of 2021, compared to CNY 2,860,045,712.59 in the same period of 2020, representing an increase of about 19.9%[156]. - The cash inflow from investment activities totaled 356,846,575.36 CNY, while cash outflow was 32,100,000.00 CNY, resulting in a net cash flow of 324,746,575.36 CNY[161]. - The total cash and cash equivalents at the end of the period were 104,544,183.88 CNY, down from 619,658,641.92 CNY at the end of the previous year[158]. - The company incurred asset impairment losses of CNY 7,242,582.59 in the first half of 2021, compared to CNY 8,309,314.29 in the previous year, a reduction of approximately 12.8%[149]. - The total liabilities decreased to CNY 1,096,404,570.63 from CNY 2,238,272,220.03, indicating a strategic focus on reducing financial obligations[147]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥7.64 billion, a decrease of 1.06% from ¥7.72 billion at the end of the previous year[27]. - The company's current assets totaled CNY 3,167,731,116.01, slightly down from CNY 3,216,283,504.78 at the end of 2020[141]. - The total assets of the company at the end of the reporting period were 7,595,049,590.00 CNY, indicating a stable asset base[171]. - The total liabilities at the end of the reporting period were 5,181.00 million RMB, which is a critical factor for assessing financial health[165]. Market and Industry Insights - The edible oil industry is projected to exceed a market size of 45 million tons by 2023, with an annual growth rate of approximately 4.15%[35]. - The global sports nutrition market is expected to reach $64.8 billion by 2025, with China's market projected to grow to $859 million by 2023[39]. - The company plans to expand its production capacity to 600,000 tons annually for corn oil, contributing to the national grain and oil industry development[36]. - The proportion of small packaged oil in the domestic market is currently around 20%, with significant growth potential as seen in other regions[36]. Innovation and Development - The company remains committed to innovation as a driving force to enhance product competitiveness despite market uncertainties[7]. - The company successfully developed a new green refining technology for corn oil, marking a first in the industry[38]. - The company has developed a new green preparation technology for corn oil, achieving industrial application for the first time in the industry[47]. - The company invested ¥44,783,901.68 in research and development, reflecting a 9.79% increase year-on-year, to enhance product innovation capabilities[66]. Brand and Market Presence - The brand "Xiwang" has shown strong performance in customer satisfaction rankings within the edible oil sector[38]. - The brand recognition of "Xiwang" has reached 60%, with a market share of over 30% in the corn oil sector, making it one of the fastest-growing brands in the industry[54]. - The company has engaged over 30 KOLs and celebrities for brand promotion, achieving a fan coverage of over 30 million across various platforms[48]. - The company has opened 11 new distributors in the domestic market and 21 new online stores in e-commerce channels, enhancing its market reach[49]. Risks and Challenges - The company continues to face risks from international trade tensions, raw material price fluctuations, and the ongoing COVID-19 pandemic[7][8][9]. - The company faces risks including international trade friction, raw material price fluctuations, global COVID-19 pandemic impacts, and exchange rate volatility[87][88][89]. Corporate Governance and Compliance - The company has not reported any penalties or rectification measures during the reporting period[106]. - There were no significant asset or equity disposals during the reporting period, indicating a focus on maintaining current investments[82]. - The company has committed to avoiding any business that constitutes a competitive conflict with its operations, ensuring compliance with relevant laws and regulations[101]. - The company has maintained its independence and integrity, ensuring that its assets, personnel, finances, and operations remain separate from those of its controlling shareholders[101].