Luoniushan (000735)

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罗牛山(000735) - 2016 Q4 - 年度财报
2017-03-30 16:00
Financial Performance - The company's operating revenue for 2016 was CNY 891,077,257.45, representing a 22.07% increase compared to CNY 729,998,909.71 in 2015[18]. - The net profit attributable to shareholders for 2016 was CNY 79,881,376.52, a 31.32% increase from CNY 60,829,607.84 in the previous year[18]. - The net cash flow from operating activities surged to CNY 288,813,999.80, marking a significant increase of 1,039.34% from CNY 25,349,297.73 in 2015[18]. - Total assets at the end of 2016 reached CNY 6,184,656,449.68, a 37.36% increase from CNY 4,502,601,621.33 at the end of 2015[18]. - The net assets attributable to shareholders increased by 99.34% to CNY 3,432,229,184.08 from CNY 1,721,779,048.23 in 2015[18]. - The company reported a basic earnings per share of CNY 0.0737, up 6.66% from CNY 0.0691 in 2015[18]. - The company reported non-operating income from government subsidies amounting to 78,514,970.69 CNY in 2016[25]. - The company’s cash and cash equivalents increased by 468.11%, reaching CNY 762,227,744.42[41]. - The company’s financial expenses decreased by 65.40% to CNY 19,092,442.30 due to loan repayments[41]. - The company’s investment activities generated a net cash flow of -CNY 502,981,374.01, reflecting a 199.15% increase in outflows compared to the previous year[41]. Business Operations and Investments - The company plans to invest in projects such as the "Luoniushan 100,000 Modern Pig Farm" and "Hainan Agricultural Products Trading and Distribution Center" to enhance its core competitiveness[6]. - The company raised approximately 1.65 billion CNY through a non-public offering of 271,381,578 shares at a price of 6.08 CNY per share[28]. - The company’s pig farming segment achieved record profit contributions in 2016, with a leading market share in Hainan for breeding pigs[29]. - The company’s cold chain service project achieved an 80% occupancy rate for its cold storage facilities by Q4 2016[29]. - The company’s real estate projects, including the Bai Shui Tang education complex, have a total saleable area of approximately 19.82 million square meters across various phases[30]. - The company plans to enhance its modern ecological breeding and cold chain logistics, expanding its market reach beyond Hainan to South China and gradually into international markets[34]. - The company has established a complete industrial chain in the livestock sector, including breeding, production, processing, and logistics[35]. - The company plans to continue expanding its real estate operations, as indicated by the increase in inventory levels by 48.89% due to new project launches[50]. Risks and Challenges - The company faces risks related to price fluctuations in the pig market, animal diseases, and food safety issues that could impact profitability[6]. - The company has established environmental protection facilities, but future regulatory changes could increase operational costs[7]. - The company’s education segment continues to align with local government initiatives, focusing on talent development to support Hainan's economic growth[30]. - The company is committed to ensuring food safety with a goal of zero food safety incidents throughout the year, implementing a comprehensive quality management system[91]. - Safety production measures will be reinforced to achieve zero accidents, with a focus on risk prevention and emergency response training[91]. Shareholder and Governance Matters - The company does not plan to distribute cash dividends or issue bonus shares for the year[9]. - The company has maintained a consistent policy of not distributing cash dividends over the past three years[97]. - The company’s board of directors has approved the profit distribution plan, which is subject to shareholder meeting approval[96]. - The company has committed to not transferring or entrusting the management of newly issued shares for 12 months from the issuance date, which amounts to 48,190,789 shares[102]. - The company has undertaken measures to reduce and regulate related party transactions, ensuring fairness and market-based pricing[103]. - The company has received commitments from various asset management firms to not transfer their shares for a specified period following the issuance[102]. - The company has outlined its strategy to avoid conflicts of interest and ensure compliance with regulatory requirements regarding related party transactions[103]. Social Responsibility and Community Engagement - The company initiated poverty alleviation efforts, helping farmers improve their conditions through a "company + farmer" model[133]. - The company provided 52.8 million yuan in funding for poverty alleviation efforts, along with 2 million yuan in material support[137]. - A total of 250 registered impoverished individuals were helped to escape poverty through various initiatives[137]. - The company allocated 6.24 million yuan from the local government and 1 million yuan from its budget for a "pepper planting" project involving 22 households and 83 participants[139]. - The company donated 163.77 million yuan in social welfare contributions, including funds, materials, and professional services[141]. Management and Human Resources - The company employed a total of 2,078 staff, with 1,983 in major subsidiaries and 125 in the parent company[173]. - The professional composition of employees includes 450 production staff, 299 technical staff, and 420 teaching staff[174]. - The company has established a comprehensive salary management system linking employee wages to job responsibilities and performance[175]. - The company has implemented targeted training plans focusing on onboarding, professional development, and management enhancement[176]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 8.8565 million[171]. Audit and Internal Control - The audit opinion issued was a standard unqualified opinion, confirming the fairness of the financial statements[198]. - The internal control self-evaluation report indicated that 100% of the assets and revenue of the evaluated units were included in the company's consolidated financial statements[191]. - The company maintained effective internal control over financial reporting in all material respects according to the internal control audit report[194]. - There were no significant deficiencies or material weaknesses identified in the internal control system, with zero major deficiencies reported in both financial and non-financial reports[193]. - The company has established necessary internal controls to ensure financial statements are free from material misstatement due to fraud or error[199].
罗牛山(000735) - 2016 Q3 - 季度财报
2016-10-21 16:00
罗牛山股份有限公司 2016 年第三季度报告正文 证券代码:000735 证券简称:罗 牛 山 公告编号:2016-060 罗牛山股份有限公司 2016 年第三季度报告正文 1 罗牛山股份有限公司 2016 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整,不存在虚假记载、误导性陈述或者重大遗漏,并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人徐自力、主管会计工作负责人张慧及会计机构负责人(会计主管 人员)杨向雅声明:保证季度报告中财务报表的真实、准确、完整。 2 罗牛山股份有限公司 2016 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产(元) | 5,891,088,755.23 | 4,502,601,621.33 | | 30.84 ...
罗牛山(000735) - 2016 Q2 - 季度财报
2016-08-12 16:00
Financial Performance - The company reported a revenue of CNY 343.53 million for the first half of 2016, a decrease of 5.82% compared to the same period last year[19]. - Net profit attributable to shareholders reached CNY 20.29 million, an increase of 663.12% year-on-year, driven by rising pig prices[19]. - The company's operating revenue for the reporting period was ¥343,530,099.06, a decrease of 5.82% compared to the previous year[29]. - The company reported a net profit of CNY 7.29 million from its subsidiary, Hainan Luoniushan Animal Husbandry Co., Ltd., while its food processing subsidiary reported a net loss of CNY 2.11 million[56]. - The company reported a net profit of -32,717,118.85 CNY for the first half of 2016, compared to a net profit of 15,536,282.34 CNY in the same period of 2015, indicating a significant decline in profitability[125]. - Operating profit for the first half of 2016 was -35,204,985.49 CNY, a decrease from the operating profit of 10,186,245.10 CNY in the previous year[125]. - The total comprehensive income for the first half of 2016 was -33,087,732.85 CNY, compared to -12,541,627.41 CNY in the same period of 2015[125]. - The company achieved a net cash flow from operating activities of ¥72,513,461.70, a 136.62% increase, attributed to increased subsidy receipts and reduced tax payments[29]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 5.68 billion, reflecting a growth of 26.11% from the end of the previous year[19]. - The company's equity attributable to shareholders increased significantly to ¥3,372,322,495.38 from ¥1,721,779,048.23, representing a growth of approximately 96%[114]. - Total liabilities decreased to ¥2,189,252,543.79 from ¥2,671,878,885.50, showing a reduction of about 18%[113]. - The total assets reached ¥5,678,091,871.67, an increase from ¥4,502,601,621.33, marking a growth of around 26%[114]. - The total liabilities increased slightly to CNY 1,593,005,109.88 from CNY 1,526,788,170.72, an increase of 4.3%[118]. Cash Flow - The net cash flow from financing activities was CNY 1,366,579,049.19, compared to a negative cash flow of CNY -137,495,330.59 in the previous period[133]. - The total cash and cash equivalents at the end of the period increased to CNY 239,348,533.90 from CNY 141,829,800.61 in the previous period[133]. - The company reported a significant increase in cash and cash equivalents, reaching ¥886,949,032.96, a 396.70% increase due to successful fundraising from a private placement[31]. - The company experienced a net cash outflow from investing activities of -165,682,422.31 CNY, compared to a net inflow of 42,068,155.42 CNY in the same period last year[129]. Investments and Projects - The company plans to invest in modern pig farming and agricultural product distribution centers, enhancing its core competitiveness and profitability[6]. - The company completed the construction of its first phase of the agricultural product processing industrial park, achieving an annual slaughter capacity of 1.2 million pigs[31]. - The company has committed to invest a total of CNY 165 million in various projects, with a cumulative investment of CNY 163.06 million as of the reporting period, achieving an investment progress of 51.89%[51]. - The modern pig farm project has a committed investment of CNY 35 million, with a cumulative investment of CNY 33.06 million, representing 63.16% of the planned investment[51]. - The Hainan Agricultural Products Trading and Distribution Center project has a committed investment of CNY 85 million, with only 8.63% of the investment completed as of the reporting period[51]. Shareholder and Equity Information - The company completed a private placement of 271,381,578 new shares on April 13, 2016, increasing the total number of shares to 1,151,513,578[97]. - The largest shareholder, Ronioushan Group Co., Ltd., holds 16.27% of shares, totaling 187,372,338 common shares[99]. - The total equity attributable to shareholders at the end of the reporting period was RMB 2,999,871,452, reflecting an increase from the previous period[142]. - The company’s limited sale shares increased due to the new share issuance, with limited sale shares now accounting for 23.62% of total shares[96]. Risks and Challenges - The company faces risks related to agricultural price fluctuations and potential management challenges in project implementation[6]. - The company is involved in a significant litigation case with a disputed amount of 70.8 million yuan, which is currently in the appeal process[63]. - The company has not encountered any significant changes in the feasibility of its investment projects during the reporting period[52]. Governance and Compliance - The company’s governance practices are in compliance with the Company Law and relevant regulations from the China Securities Regulatory Commission[62]. - The company has no penalties or rectification issues during the reporting period[89]. - There are no risks of delisting due to violations during the reporting period[90]. Accounting Policies - The company adheres to accounting policies and estimates in accordance with accounting standards, ensuring the financial statements reflect the true financial position and performance[151]. - The company uses Renminbi as its functional currency for accounting purposes[154]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[157]. - The company applies the equity method for accounting treatment in business combinations under common control, measuring assets and liabilities at book value on the merger date[155].
罗牛山(000735) - 2016 Q1 - 季度财报
2016-04-22 16:00
Financial Performance - The company's operating revenue for Q1 2016 was ¥168,672,830.97, representing a 12.88% increase compared to ¥149,424,447.92 in the same period last year[8] - The net profit attributable to shareholders decreased by 65.65% to ¥5,327,061.61 from ¥15,507,059.50 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses improved by 52.41%, reaching -¥13,601,772.85 compared to -¥28,581,446.86 in the previous year[8] - The net cash flow from operating activities significantly improved by 93.13%, amounting to -¥5,980,325.39, compared to -¥87,007,550.09 in the same period last year[8] - The basic earnings per share decreased by 65.34% to ¥0.0061 from ¥0.0176 year-on-year[8] - The diluted earnings per share also decreased by 65.34% to ¥0.0061 from ¥0.0176 in the same period last year[8] - The weighted average return on equity fell to 0.31% from 0.90% year-on-year, a decrease of 0.59%[8] Assets and Liabilities - Total assets increased by 37.69% to ¥6,199,649,669.65 from ¥4,502,601,621.33 at the end of the previous year[8] - The net assets attributable to shareholders rose by 95.04% to ¥3,358,150,327.92 from ¥1,721,779,048.23 at the end of the previous year[8] - Cash and cash equivalents increased by 434.92% to ¥1,874,673,827.19 due to the receipt of raised funds[15] - Long-term prepaid expenses increased by 91.26% to ¥10,792,450.06 due to increased renovation costs[15] - Short-term borrowings decreased by 100% as the company repaid its loans[15] - The company's capital reserve rose by 680.34% to ¥1,559,030,984.87 following the issuance of new shares[15] Income and Expenses - Operating tax and additional charges decreased by 83.98% to ¥666,339.19 due to reduced income from real estate operations[15] - Financial expenses increased by 93.29% to ¥9,225,142.14 due to capitalized interest on industrial park project loans[15] - Investment income decreased by 97.16% to ¥1,115,555.09 due to reduced stock sales[15] - Government subsidies increased by 97.63% to ¥21,346,336.14, contributing positively to operating income[15] Shareholder and Corporate Governance - The company reported a total of 124,581 common shareholders at the end of the reporting period[11] - The company completed a non-public offering of 271,381,578 shares at ¥6.08 per share, raising a total of approximately ¥1.65 billion[17] - The company committed to using raised funds strictly for specified projects and not for real estate business[18] - The company reported a significant commitment to avoid competition with its subsidiaries, ensuring no direct or indirect engagement in competing businesses[19] - The first major shareholder and actual controller committed to reducing and regulating related party transactions, emphasizing fair market pricing and compliance with company regulations[19] - The company has made commitments to not reduce its shareholding in the next six months, reflecting confidence in its future stability[21] - The company’s actual controller has pledged to avoid any actions that could harm the interests of shareholders through related party transactions[19] Operational Strategy and Communication - The company anticipates a potential net profit loss or significant fluctuation compared to the same period last year, with no specific figures provided[23] - The company has not reported any significant changes in its operational strategy or market expansion plans during the quarter[23] - The company is focused on maintaining transparency and compliance in its financial dealings and commitments to shareholders[19] - The company conducted multiple communications regarding operational conditions and fundraising progress throughout January to March 2016[25] - The company is actively communicating with investors and stakeholders to provide updates on its operations[25] - The company has maintained a transparent approach in its information disclosure practices[25] - The company is committed to ensuring the accuracy of its financial reporting and operational updates[27] Compliance and Irregularities - The company reported no violations regarding external guarantees during the reporting period[26] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[28] - The company has not disclosed any significant financial irregularities or issues during the reporting period[27]
罗牛山(000735) - 2015 Q4 - 年度财报
2016-03-30 16:00
Financial Performance - The company's operating revenue for 2015 was CNY 729,998,909.71, a decrease of 27.42% compared to CNY 1,005,817,243.57 in 2014[18]. - The net profit attributable to shareholders of the listed company increased by 19.30% to CNY 60,829,607.84 from CNY 50,987,083.16 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -156,046,523.69, a decline of 48.86% compared to CNY -104,827,433.73 in 2014[18]. - The total profit for 2015 was CNY 77.12 million, down 13.36% year-on-year, while net profit attributable to ordinary shareholders increased by 19.30% to CNY 60.83 million[34]. - The basic earnings per share for 2015 was CNY 0.069, an increase of 18.97% from CNY 0.058 in 2014[18]. - The company reported a significant decrease in operating costs, which amounted to CNY 600.19 million, a reduction of 29.99% due to decreased pig output and reduced real estate revenue[36]. - The company reported a net profit of 60,829,607.84 CNY for 2015, with no cash dividends proposed, resulting in a 0.00% dividend payout ratio[95]. Cash Flow and Assets - The net cash flow from operating activities was CNY 25,349,297.73, a significant increase of 216.05% from CNY -21,843,016.03 in 2014[18]. - The total assets at the end of 2015 were CNY 4,502,601,621.33, representing a growth of 5.94% from CNY 4,250,007,113.45 at the end of 2014[18]. - The company’s cash and cash equivalents decreased by CNY 207.07 million, a decline of 14.86% compared to the previous year[36]. - The company’s cash and cash equivalents decreased to ¥350.46 million, accounting for 7.78% of total assets, down from 13.42% in 2014, a decrease of 5.64%[64]. - The company reported a total investment of ¥27.66 million during the reporting period, a decrease of 41.76% compared to ¥47.49 million in the previous year[66]. Revenue Breakdown - The livestock industry generated ¥237,011,917.38, accounting for 32.47% of total revenue, down 33.37% from ¥355,715,218.99 in 2014[40]. - The meat processing industry saw revenue increase by 40.00% to ¥224,265,723.45, up from ¥160,191,800.07 in 2014[40]. - The education sector's revenue was ¥128,597,747.69, a slight decrease of 4.43% from ¥134,552,569.72 in 2014[40]. - The real estate and construction sector's revenue dropped significantly by 69.70% to ¥88,939,573.60 from ¥293,570,950.96 in 2014[40]. Investments and Future Plans - The company is set to complete the New Chang 100,000 pig farm by June 2016, aiming for a recovery in livestock breeding scale[27]. - The company aims to enhance its core competitiveness and sustainable development capabilities, focusing on modern ecological farming and deep processing of agricultural products from 2016 to 2020[76]. - The company plans to expand its business coverage across Hainan and gradually explore international markets, transitioning from a niche supplier to a comprehensive supplier of agricultural products[76]. - The company invested ¥144.07 million in a modern pig farm project, with a cumulative investment of ¥167.95 million, expecting a return of 60%[68]. Risks and Challenges - The company faces risks from fluctuations in pig prices, which can significantly impact profitability if prices decline[81]. - The company is exposed to animal disease risks that can lead to reduced pig production and affect market demand[82]. - Food safety risks could arise from inadequate quality control, potentially damaging the company's brand reputation and financial performance[84]. - Environmental policy changes may increase production costs due to the need for enhanced pollution control measures[85]. Corporate Governance - The company has not changed its controlling shareholder during the reporting period[17]. - The actual controller of the company is Xu Zili, who has been the chairman since November 2011[146]. - The company has maintained a stable management structure with no significant changes in senior management positions reported[152]. - The company has a strong leadership team with a mix of engineering, financial, and agricultural expertise, enhancing its operational capabilities[156]. Shareholder Information - The total number of shares increased to 880,132,000, with a limited sale condition share increase due to the chairman's commitment to purchase shares[138]. - The largest shareholder, Ronioushan Group Co., Ltd., holds 10.92% of the shares, totaling 96,089,444 shares, with 14,500,000 shares pledged[143]. - The company has no significant changes in major asset measurement attributes during the reporting period[65]. Internal Controls and Compliance - The company reported no significant deficiencies in financial reporting, with zero major or important deficiencies identified in the internal control audit[182]. - The internal control audit report issued on March 31, 2016, provided a standard unqualified opinion, confirming effective internal controls over financial reporting[182]. - The company has established a clear framework for handling related party transactions to protect the interests of all shareholders[103].
罗牛山(000735) - 2015 Q3 - 季度财报
2015-10-30 16:00
Financial Performance - Operating revenue for the reporting period was ¥147,073,881.88, a decrease of 45.22% year-on-year[7] - Net profit attributable to shareholders was ¥41,725,441.80, representing a year-on-year increase of 33.72%[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was -¥36,963,863.38, a decrease of 45.05% compared to the same period last year[7] - Basic earnings per share for the reporting period were ¥0.0474, up 33.52% year-on-year[7] - The weighted average return on net assets was 2.48%, an increase from 0.65% in the previous year[7] - Total revenue decreased by 36.71% to ¥511,843,296.90 due to a reduction in live pig sales[15] - The company reported a 52.61% decline in investment income to ¥36,365,669.96, due to reduced equity disposal gains[15] - The company reported a cumulative net profit forecast for the year that may indicate a loss or significant change compared to the previous year, but specific figures were not disclosed[22] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,425,100,966.74, an increase of 4.12% compared to the previous year[7] - Accounts receivable increased by 56.10% to ¥96,486,335.83, driven by an increase in sales of commercial housing and loan issuance[15] - Prepayments surged by 349.88% to ¥47,693,897.02, attributed to increased advance payments for real estate project construction[15] - Non-current liabilities due within one year decreased by 96.79% to ¥608,625.59, resulting from amortization or repayment[15] - The company’s deferred income tax assets rose by 247.26% to ¥20,033,164.93, primarily due to prepaid corporate income tax for real estate projects[15] - The company’s short-term borrowings decreased by 68.41% to ¥27,701,977.00, reflecting repayments made during the period[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 129,401[11] - The largest shareholder, Luoniushan Group Co., Ltd., held 10.92% of the shares, amounting to 96,089,444 shares[11] - The company reported no significant changes in shareholder structure or any repurchase transactions during the reporting period[12] Non-Operating Income and Expenses - The company received compensation for the shutdown of pig farms, contributing to a 50.95% increase in non-operating income to ¥113,252,863.75[16] Corporate Governance and Commitments - The company reported no violations regarding external guarantees during the reporting period[26] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[27] - The company has pledged to avoid direct or indirect competition with its largest shareholder, Luo Niu Shan Group, and will cease any competing business if necessary[20] - The company has committed to not reducing its holdings in Luo Niu Shan shares for six months starting from July 10, 2015, to maintain market stability[21] - The company reported a commitment to focus on the livestock industry and the "vegetable basket" project, ensuring that the raised funds will not be used for real estate activities, with a total investment in real estate not exceeding RMB 550 million[20] Investments - The company holds a long-term equity investment in Dadonghai A shares, with an initial investment cost of RMB 45,046,606.88 and a current book value of RMB 28,362,521.58, reflecting a loss of RMB 7,439,856.66 during the reporting period[23] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥61,178,411.03, showing a significant increase of 270.83%[7]
罗牛山(000735) - 2015 Q2 - 季度财报
2015-07-24 16:00
Financial Performance - The company's operating revenue for the first half of 2015 was ¥364,769,415.02, a decrease of 32.49% compared to ¥540,291,025.56 in the same period last year[22]. - The net profit attributable to shareholders was ¥2,658,729.93, down 88.89% from ¥23,921,307.15 year-on-year[22]. - The net cash flow from operating activities was -¥198,028,397.26, a significant decline of 608.35% compared to -¥27,956,290.25 in the previous year[22]. - The total assets at the end of the reporting period were ¥4,164,261,333.95, a decrease of 2.02% from ¥4,250,007,113.45 at the end of the previous year[22]. - The net assets attributable to shareholders decreased by 2.52% to ¥1,663,608,170.33 from ¥1,706,629,990.14 at the end of the previous year[22]. - The company reported a net profit of CNY -28,674,201.53 for Hainan Luoniushan Food Group Co., Ltd., with total assets of CNY 1,743,306,651.71[51]. - The company reported a total revenue of 11,118.87 million yuan for the first half of 2015, which is 45.82% of the approved transaction amount of 23,000 million yuan[69]. - The company reported a total of 880,132,000 shares outstanding, with 99.99% being unrestricted shares[94]. - The company reported a total cash outflow from financing activities of 177,976,857.52 CNY, compared to 269,271,838.21 CNY in the previous period, showing a decrease in financing costs[130]. Investment and Development - The company plans to accelerate the construction of the Jin Di Han Cheng Phase II B District and Phase III, enhancing project control and supervision[31]. - The company plans to raise funds through a private placement to build a modern pig farm and a Hainan agricultural product trading and distribution center, enhancing its industry chain[35]. - The cold chain logistics project is set to begin trial operations in October 2015, aiming to establish a new profit growth point and enhance brand recognition in the region[35]. - The total investment amount for the reporting period was ¥27,660,000.00, an increase of 18.98% from ¥23,250,000.00 in the same period last year[41]. - The first phase of the agricultural product processing industrial park project has a planned total investment of CNY 103,900,000, with cumulative actual investment of CNY 92,544,200, achieving 95% project progress[54]. Operational Efficiency - The livestock sector is actively restoring production capacity and improving management efficiency, with production indicators better than the same period last year[30]. - The education sector is implementing refined management practices, achieving positive results through enhanced operational mechanisms[30]. - Operating costs decreased by 38.24% to ¥303,807,786.53 from ¥491,952,854.16, reflecting lower costs associated with live pig sales and engineering construction[32]. - The gross profit margin for the livestock sector was 10.34%, with a significant decline of 54.82% in revenue compared to the previous year[37]. - The company has maintained its position as the largest livestock enterprise in Hainan, focusing on sustainable development and innovation in agricultural practices[39]. Financial Management - The company will not distribute cash dividends or issue bonus shares for this reporting period[6]. - The company has no entrusted financial management, derivative investments, or entrusted loans during the reporting period[46][47][48]. - The company has not engaged in any asset acquisitions or sales during the reporting period, indicating a focus on internal growth[65][70]. - The company has not implemented any stock incentive plans during the reporting period, which may affect employee motivation and retention strategies[68]. - The company reported no major related party transactions outside of normal business operations, ensuring transparency in financial dealings[69]. Cash Flow and Liquidity - The company's cash and cash equivalents decreased from CNY 570,524,408.37 at the beginning of the period to CNY 271,587,309.01 at the end of the period, representing a decline of approximately 52.4%[111]. - Cash inflows from operating activities totaled CNY 473,520,078.25, a decrease of 20.4% from CNY 595,054,694.54 year-on-year[128]. - The cash flow from operating activities was 196,815,159.50 CNY, down from 299,852,734.17 CNY, indicating a decline in revenue generation[132]. - The company’s cash and cash equivalents decreased by 232,776,980.98 CNY during the period, contrasting with an increase of 78,762,488.19 CNY in the previous period, indicating a challenging financial environment[133]. Compliance and Governance - The company maintained a strict governance structure in compliance with relevant laws and regulations, enhancing investor confidence[62]. - There were no major litigation or arbitration matters during the reporting period, ensuring a stable operational environment[63]. - The company has not reported any significant changes in accounting policies or estimates during the reporting period[147]. - The financial statements are prepared in accordance with the enterprise accounting standards, ensuring transparency and accuracy[148]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 106,840[95]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[99]. - The company did not issue any preferred shares during the reporting period[103]. - The company has not experienced any penalties or rectification issues during the reporting period[87].
罗牛山(000735) - 2015 Q1 - 季度财报
2015-04-28 16:00
罗牛山股份有限公司 2015 年第一季度报告正文 第二节 主要财务数据及股东变化 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整,不存在虚假记载、误导性陈述或者重大遗漏,并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人徐自力、主管会计工作负责人钟金雄及会计机构负责人(会计主 管人员)张慧声明:保证季度报告中财务报表的真实、准确、完整。 2 罗牛山股份有限公司 2015 年第一季度报告正文 证券代码:000735 证券简称:罗 牛 山 公告编号:2015-028 罗牛山股份有限公司 2015 年第一季度报告正文 1 罗牛山股份有限公司 2015 年第一季度报告正文 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等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) | 149,424,447.92 | 274,795,008.07 | -45.62% | | 归属于上市公司股 ...
罗牛山(000735) - 2014 Q4 - 年度财报(更新)
2015-03-20 16:00
Financial Performance - The company's operating revenue for 2014 was CNY 1,005,817,243.57, a decrease of 41.91% compared to CNY 1,731,557,988.81 in 2013[21] - The net profit attributable to shareholders in 2014 was CNY 50,987,083.16, representing a 106.73% increase from CNY 24,663,930.22 in 2013[21] - The net cash flow from operating activities was negative CNY 21,843,016.03, a decline of 111.93% compared to CNY 183,150,713.37 in 2013[21] - Basic earnings per share for 2014 were CNY 0.058, up 107.14% from CNY 0.028 in 2013[21] - The company reported a significant decline in net profit from recurring operations, which was negative CNY 104,827,433.73 in 2014, compared to CNY 64,771,363.82 in 2013, a decrease of 261.84%[21] - The weighted average return on equity for 2014 was 3.01%, an increase from 1.45% in 2013[21] - The total profit amounted to CNY 8,902,000, reflecting an increase of 48.48% compared to the previous year[33] - The company's operating costs were CNY 857,236,004.92, down 38.30% from the previous year[34] - The company achieved total operating revenue of CNY 1,005,817,243.57 in 2014, a decrease of 41.91% compared to the previous year[33] - The company reported a significant increase in financing cash flow, up 132.53% to CNY 31,014,074.12, primarily due to government subsidies and compensation for shutdowns[52] Assets and Liabilities - Total assets at the end of 2014 were CNY 4,250,007,113.45, a decrease of 1.20% from CNY 4,301,467,954.31 at the end of 2013[22] - The net assets attributable to shareholders increased by 0.91% to CNY 1,706,629,990.14 at the end of 2014, compared to CNY 1,691,301,284.11 at the end of 2013[22] - The company's cash and cash equivalents decreased by CNY 180,277,708.90, a decline of 486.84% year-on-year, primarily due to reduced cash flow from investment activities[34] - Accounts receivable decreased to CNY 61,812,433.60, representing 1.45% of total assets, down from 1.76% in the previous year[57] - Inventory decreased to CNY 562,421,282.15, accounting for 13.23% of total assets, down from 15.47%[57] - Fixed assets increased to CNY 958,695,307.84, now 22.56% of total assets, up from 15.26%[57] - Long-term borrowings rose to CNY 1,475,000,000.00, representing 34.71% of total assets, an increase of 8.38% from 26.33%[59] Operational Changes - The company has introduced a new business line in "warehousing services" during the reporting period[18] - The company has closed 23 large-scale breeding farms since 2013, significantly reducing the scale of pig production[34] - The company initiated the construction of a modern pig farm project in October 2014, expected to set a new benchmark for ecological and environmental standards in Hainan Province[34] - The livestock farming sector saw a sales volume of 312,182 heads, down 25.55% year-on-year, and production volume decreased by 50.84% to 191,561 heads, mainly due to the closure of breeding farms[39][40] - The company completed the construction and commissioning of a large wastewater treatment project, achieving annual water savings of 438,000 cubic meters, resulting in cost savings of CNY 1.314 million[37] - The company has upgraded and transformed wastewater treatment facilities at eight pig farms, ensuring compliance with the highest standards of the new Environmental Protection Law[37] Investments and Subsidiaries - The company holds a 65% equity stake in Hainan Ronioushan Ecological Animal Husbandry Co., Ltd., which focuses on high-quality pork production[64] - The company has invested CNY 21,550,000.00 in Qionghai Rural Credit Cooperative, holding 15,288,000 shares, representing 9.89% of the total[66] - The company has a 10.00% stake in Sanya Jin Phoenix Village Bank, with an investment of CNY 2,000,000.00[66] - The company has invested ¥83.09 million in the Agricultural Product Processing Industrial Park project, which is 85% complete but has not yet generated revenue[78] - The company has established itself as the largest livestock enterprise in Hainan, with a comprehensive industrial system covering breeding, production, and processing[62] Corporate Governance and Compliance - The company has established a comprehensive internal control system in accordance with relevant laws and regulations, ensuring effective governance and compliance[182] - The internal control self-assessment report for 2014 reflects the actual situation of the company's internal controls, with the board of directors responsible for its establishment and implementation[183] - The company identified significant deficiencies in internal controls, particularly in related party identification procedures and project management, and has taken corrective actions[189] - The company maintains complete independence from its controlling shareholder in business, personnel, assets, and finance[177] - The company has not faced any administrative penalties during the reporting period, indicating a stable regulatory standing[99] Future Plans and Strategies - The company aims to enhance revenue generation capabilities and achieve positive growth in its main business segments in 2015[81] - The livestock sector plans to establish a modern large-scale breeding base with a capacity of 100,000 pigs to drive resource integration and achieve new output and value targets[81] - The company will implement a "dual reduction and dual enhancement" initiative to lower costs and improve efficiency across all operations[82] - The company aims to continue expanding its ecological agriculture initiatives and improve food safety standards[98] - The company is planning a non-public stock issuance to support its main business development, particularly in the context of its industrial park project[101] Shareholder Information - The total number of shares outstanding is 880,132,000, with 99.99% being unrestricted shares[144] - The largest shareholder, Ronioushan Group Co., Ltd., holds 10.92% of the shares, amounting to 96,089,444 shares, with a significant portion pledged[146] - The top 10 shareholders of the company include 罗牛山集团有限公司 with 96,089,444 shares, accounting for a significant portion of the total shares[147] - The company has not reported any equity changes or plans for share buybacks during the reporting period[148] Social Responsibility - The company actively participates in social responsibility initiatives, including supporting impoverished areas and disaster relief efforts, reflecting a strong commitment to corporate social responsibility[99] - The company is not classified as a heavily polluting industry by national environmental protection authorities, indicating compliance with environmental regulations[99]
罗牛山(000735) - 2014 Q4 - 年度财报
2015-02-11 16:00
Financial Performance - The company's operating revenue for 2014 was CNY 1,005,817,243, a decrease of 41.91% compared to CNY 1,731,557,980 in 2013[22]. - Net profit attributable to shareholders for 2014 was CNY 50,987,083, an increase of 106.73% from CNY 24,663,930 in 2013[22]. - The basic earnings per share for 2014 was CNY 0.058, up 107.14% from CNY 0.028 in 2013[22]. - The total profit for 2014 was CNY 89.02 million, an increase of 48.48% compared to the previous year[32]. - Net profit attributable to ordinary shareholders was CNY 50.99 million, up 106.73% year-on-year[32]. - The company reported a net profit of 140,702,300.33 CNY, adjusted down by 3,686,012.09 CNY, resulting in a final net profit of 137,016,288.24 CNY for the year[92]. - The company declared a cash dividend of CNY 17,602,640 for the year 2014, which represents 34.52% of the net profit attributable to shareholders[96]. Assets and Liabilities - The total assets at the end of 2014 were CNY 4,250,007,113, a decrease of 1.20% from CNY 4,301,467,950 at the end of 2013[22]. - The net assets attributable to shareholders at the end of 2014 were CNY 1,706,629,990, a slight decrease of 0.91% from CNY 1,691,301,280 at the end of 2013[22]. - The company’s total assets at the end of 2014 were CNY 4,251,000,000, with a notable increase in fixed assets by 7.30% to CNY 958,695,307[53]. - The company reported a significant decrease in cash and cash equivalents, with a net decrease of 486.84% to -CNY 180,277,708.90, attributed to reduced bank borrowings[48]. Cash Flow - The net cash flow from operating activities for 2014 was CNY -21,843,016, a decline of 111.93% compared to CNY 183,150,713 in 2013[22]. - The company reported a net cash outflow from operating activities of CNY -21.84 million, a decrease of 111.93% compared to the previous year[33]. - The net cash outflow from investment activities was CNY -189.45 million, an increase of 359.85% year-on-year, attributed to stock and equity sales[33]. - The total investment activities resulted in a net cash outflow of CNY 189,448,766.99, a 330.93% increase in outflow compared to the previous year[48]. - The financing activities generated a net cash flow of CNY 31,014,074.12, an increase of 132.53% due to government subsidies and compensation for shutdowns[48]. Business Operations - The company has introduced a new business segment in "warehousing services" during the reporting period[19]. - The company completed the construction of a modern pig farm project in October 2014, expected to set a new benchmark for ecological and environmental standards in Hainan Province[34]. - The company became the only modern pig slaughter enterprise in Haikou with complete legal certifications, playing a crucial role in ensuring pork supply and stabilizing prices[34]. - The company’s education sector achieved significant results in vocational education reform and improved student performance in examinations[35]. - The company completed a large-scale wastewater treatment project, achieving annual water savings of 438,000 cubic meters, resulting in cost savings of 1.314 million yuan[38]. - The company is focused on integrating livestock farming with circular agriculture to promote a low-carbon farming model[60]. Market and Sales - The sales volume in the livestock breeding sector decreased by 25.56% to 312,182 units, while production volume dropped by 44.66% to 203,896 units, attributed to the closure of breeding facilities[40]. - The company reported a significant decrease in real estate sales volume by 65.85% to 29.51 million yuan, primarily due to the recognition of revenue from qualifying real estate projects[40]. - The company’s top five customers contributed a total sales amount of 25.94 million yuan, representing only 2.57% of the annual sales total[41]. - The company’s top five suppliers accounted for 12.10% of the total procurement amount, with the largest supplier contributing 5.41%[45]. Investments - The company invested CNY 47,490,000 in external equity, a 458.71% increase compared to CNY 8,500,000 in the same period last year[61]. - The company holds a 65% equity stake in Hainan Luoniushan Ecological Animal Husbandry Co., Ltd., which focuses on the production and sale of high-quality pigs and pork[61]. - The company reported a total investment in securities amounting to 82,611,200 yuan, with a year-end book value of 7,734,210 yuan and a report period profit of 44,366,300 yuan[66]. - The company has a 10% stake in Haikou Rural Commercial Bank, with a book value of CNY 378,605,000[62]. Compliance and Governance - The company has established a comprehensive internal control system in accordance with relevant laws and regulations, ensuring effective governance and management[180]. - The company maintains complete independence from its controlling shareholder in business, personnel, assets, organization, and finance[174][176]. - The company has implemented a salary management system for senior management, with performance-based compensation making up 50% of total annual salary[177]. - The company has established a system for accountability regarding significant errors in annual report disclosures, ensuring strict adherence to disclosure standards[190]. - The company has not reported any new product launches or technological advancements in this period, focusing instead on internal management and governance[150]. Future Plans and Strategies - The company aims to enhance its modern ecological farming and deep processing of agricultural products, expanding its market reach to South China and gradually into international markets[58]. - The company plans to enhance its core competitiveness through innovation in technology, products, and business models[78]. - The company is planning a non-public stock issuance to support its main business development, which has received government backing for its large-scale industrial park project[101]. - The company is committed to the "vegetable basket" project in Hainan, leveraging the region's unique advantages for modern tropical agriculture[59]. Risks and Challenges - In 2014, the domestic pig industry faced challenges due to market downturns and rising production costs, impacting overall performance[78]. - The company is currently involved in two major lawsuits, with amounts involved being 56.265 million yuan and 16.1 million yuan respectively, both under ongoing litigation[105]. - The company is undergoing a transformation and has closed some breeding farms as part of its strategic adjustments[99].