Revenue and Profitability - Revenue for the third quarter reached ¥2,837,986,093.30, an increase of 6.45% compared to the previous quarter[6] - Net profit attributable to shareholders was ¥97,202,759.61, up 1.33% from the previous quarter, but down 72.27% year-on-year[6] - Total operating revenue for the period reached ¥5,572,151,897.05, an increase of 6.20% compared to ¥5,246,795,340.03 in the previous period[38] - Net profit for the period was ¥44,526,800.41, a significant decrease of 72.03% from ¥159,234,917.58 in the previous period[44] - Earnings per share (EPS) for the period was ¥0.07, down from ¥0.27 in the previous period[47] Assets and Liabilities - The company's total assets increased by 44.83% year-on-year, reaching ¥5,324,058,313.03[9] - As of September 30, 2022, the company's total current assets amounted to CNY 4,036,022,254.39, an increase from CNY 2,505,993,896.02 at the beginning of the year[28] - Total liabilities as of September 30, 2022, were CNY 2,604,904,084.05, up from CNY 1,443,112,392.92 at the beginning of the year, indicating an increase of approximately 80.0%[34] - The company's total assets reached CNY 5,324,058,313.03, compared to CNY 3,676,160,321.49 at the beginning of the year, representing an increase of about 44.7%[31] Cash Flow - The net cash flow from operating activities showed a significant decline of 343.55%, totaling -¥401,479,230.24[6] - Cash flow from operating activities totaled ¥4,236,692,282.60, a decrease from ¥4,381,092,981.15 in the previous period[48] - The net cash flow from operating activities was -$401.48 million, a significant decrease from $164.85 million in the previous period, indicating a decline in operational performance[54] - Total cash outflow from operating activities amounted to $4.64 billion, compared to $4.22 billion in the prior year, reflecting an increase of approximately 10%[54] Shareholder Equity - The company’s equity attributable to shareholders increased by 21.73% year-on-year, amounting to ¥2,722,200,779.16[9] - The company's total equity attributable to shareholders increased to ¥2,722,200,779.16 from ¥2,236,302,397.30, reflecting a growth of 21.76%[37] - The company's equity increased from CNY 600,000,000.00 to CNY 700,000,000.00, reflecting a growth of approximately 16.7%[34] Operational Performance - The basic earnings per share decreased by 13.21% to ¥0.14, while diluted earnings per share remained the same[6] - Total operating costs amounted to ¥5,510,171,792.16, up from ¥5,038,584,531.75, reflecting a rise of 9.35%[38] - Research and development expenses were ¥134,645,481.33, down from ¥147,493,839.89, a decrease of 8.69%[41] Investments and Financing - The company’s investment income decreased by 36.07% compared to the same period last year, mainly due to reduced bank wealth management income[14] - Cash inflow from investment activities was $1.83 billion, down from $4.88 billion, representing a decrease of about 62%[54] - Cash inflow from financing activities totaled $1.45 billion, a substantial increase from $489.49 million, indicating a growth of approximately 196%[54] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 36,922[18] - The minority interest in equity improved to -¥3,046,550.18 from -¥3,254,468.73, indicating a reduction in losses[37] Other Financial Metrics - The company reported a 254.76% increase in prepaid accounts, primarily due to increased advance payments for raw material purchases[14] - Accounts receivable increased significantly to CNY 2,035,635,551.50 from CNY 768,275,372.77, marking an increase of approximately 164.5%[28] - Inventory decreased to CNY 548,196,539.00 from CNY 630,566,287.12, reflecting a decline of about 13.0%[28] - The company paid $304.77 million in employee-related cash payments, slightly up from $304.32 million, indicating stable employee compensation[54] - Tax payments increased to $29.60 million from $26.14 million, reflecting a rise of approximately 9%[54]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[21]. - The net profit attributable to shareholders for the same period was RMB 150 million, up 10% compared to the previous year[21]. - The company's operating revenue for the reporting period was ¥2,734,165,803.75, an increase of 5.95% compared to the same period last year[28]. - The net profit attributable to shareholders was -¥52,883,877.75, representing a decrease of 182.73% year-over-year[28]. - The net cash flow from operating activities was -¥229,157,227.43, a decline of 160.16% compared to the previous year[28]. - The gross margin for the first half of 2022 was reported at 25%, a slight decrease from 27% in the same period last year[21]. - The gross profit margin decreased by 5.22% year-on-year due to the inability to raise product prices in line with rising production costs[48]. - The sales revenue from the feed industry accounted for 100% of total operating revenue, with feed sales reaching ¥2,556,349,375.36, a 6.39% increase year-on-year[58]. Market Expansion and Development - The company plans to expand its market presence by increasing production capacity by 20% in the next fiscal year[21]. - Future guidance estimates a revenue growth of 10-15% for the second half of 2022, driven by increased demand in the aquaculture sector[21]. - The company plans to enhance market development, focus on product quality, and strengthen customer service to improve customer loyalty and create new profit growth points[49]. - The company is actively pursuing strategic initiatives, including potential mergers and acquisitions, to strengthen its market position[200]. Research and Development - The company has invested RMB 50 million in R&D for new product development, focusing on specialized aquatic feeds[21]. - The company continues to focus on research and development in the special aquatic feed sector, maintaining a strong market position[41]. - The company emphasizes R&D investment to achieve raw material substitution and formula adjustments, aiming to strengthen its continuous innovation capability[49]. - The company has established a stable R&D team with expertise in various fields, supported by multiple research centers and partnerships with universities and research institutes[51]. - Continued investment in research and development is anticipated to drive innovation and support long-term growth objectives[200]. Risk Management and Challenges - The management highlighted the importance of risk management strategies in response to market volatility and supply chain challenges[21]. - The company faced risks from market competition and raw material price fluctuations, with a focus on controlling costs through centralized procurement and adjusting product prices accordingly[91]. - The aquaculture industry is affected by natural disasters and diseases, but the company's product range has strong risk resistance, minimizing overall operational impact[95]. - The company is enhancing its accounts receivable risk management system to mitigate the risk of uncollectible receivables, focusing on optimizing customer structure to increase the proportion of high-end, quality clients[95]. Environmental and Social Responsibility - The company has implemented measures to minimize dust emissions during production processes, utilizing closed equipment and negative pressure systems[112]. - The company has adopted low-noise equipment and installed soundproofing measures to reduce noise pollution from high-noise machinery[112]. - The company does not discharge production wastewater externally, with all wastewater being treated and recycled within the facility[112]. - The company has actively participated in rural revitalization efforts since 2015, establishing over 30 "Yuehai Villages" to support local farmers and enhance agricultural practices[120]. - The company has maintained a strong commitment to environmental protection, adhering to relevant laws and regulations without being classified as a major polluter[117]. Corporate Governance and Shareholder Relations - The company has ensured the protection of shareholder rights by adhering to corporate governance standards and maintaining transparent communication with stakeholders[116]. - The company has not reported any significant legal disputes or violations during the reporting period, indicating a stable operational environment[128]. - The company has not engaged in any non-operational fund occupation by major shareholders or related parties during the reporting period[124]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[187]. Financial Position and Investments - Total assets increased by 31.08% to ¥4,818,834,060.24 compared to the end of the previous year[28]. - The company reported a significant increase in accounts payable, reaching RMB 539,996,320.56, which is an increase of 11.21%[67]. - The company reported a total investment of RMB 127,823,994.62 during the reporting period, representing a 103.84% increase compared to RMB 62,706,591.04 in the same period last year[69]. - The company raised a total of RMB 53,800 million through its initial public offering, with a net amount of RMB 48,007.95 million after deducting issuance costs of RMB 5,792.05 million[77]. - The company has a total external guarantee balance of 4,499.27 million CNY as of the end of the reporting period[149].

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%[24] - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the previous year[24] - The company's operating revenue for 2021 was ¥6,725,075,889.05, representing a 15.08% increase compared to ¥5,843,720,740.62 in 2020[33] - The net profit attributable to shareholders for 2021 was ¥187,724,348.10, a decrease of 2.60% from ¥192,741,812.61 in 2020[33] - The net cash flow from operating activities increased significantly by 793.27% to ¥629,887,826.61 from a negative cash flow of -¥90,857,033.11 in 2020[33] - The company reported a basic earnings per share of ¥0.31 for 2021, down 3.13% from ¥0.32 in 2020[33] - The weighted average return on equity for 2021 was 8.71%, a decrease of 0.55% from 9.26% in 2020[33] - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[145] - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 20% compared to the previous year[156] Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[24] - User data indicates a growth in customer base by 10% year-on-year, reaching 500,000 active users[24] - The company plans to increase the production capacity of aquaculture feed, driven by the growing market demand and technological advancements[51] - The company is exploring potential acquisitions to enhance its product offerings and market reach, with a budget of RMB 200 million allocated for this purpose[24] - Market expansion plans include entering three new provinces in China by the end of 2022, aiming for a 5% market share in these regions[145] - The company has completed the acquisition of a local competitor for 300 million RMB, expected to enhance production capacity by 20%[145] - The company is expanding its market presence, targeting a 10% increase in market share in the southern region of China[156] Research and Development - The company has invested RMB 50 million in R&D for new technologies aimed at improving feed efficiency[24] - R&D expenses for 2021 amounted to 1.91 billion yuan, reflecting a year-on-year increase of 3.24%[66] - The company has established a strong R&D team and multiple technology centers to enhance product innovation and quality[57] - The company is investing 200 million RMB in R&D for new product development, focusing on sustainable feed solutions[145] - A new technology for feed efficiency is being developed, projected to reduce costs by 15% once implemented[145] - The company developed new feed products aimed at preventing white spot syndrome in shrimp, enhancing market competitiveness[94] - The company is focusing on optimizing feed formulations to reduce costs and improve growth rates in aquaculture[94] Sustainability and Environmental Commitment - The management emphasizes a commitment to sustainability and reducing environmental impact through innovative feed solutions[24] - The company is committed to sustainability, with plans to reduce carbon emissions by 30% over the next five years[145] - The management team emphasizes a commitment to sustainability, aiming for a 50% reduction in carbon emissions by 2025[156] Operational Efficiency and Cost Management - The company has implemented a centralized procurement model for major raw materials, improving procurement efficiency and cost control[52] - The company has established a procurement center to centralize the purchase of key raw materials and will adjust product prices based on raw material cost fluctuations to mitigate the impact of price volatility[124] - The company aims to enhance its management efficiency in 2022 to cope with high raw material costs, intense market competition, and recurring pandemic impacts, focusing on cost reduction, quality improvement, and efficiency enhancement[120] - The company has a risk management system in place to address potential credit risks associated with accounts receivable, particularly due to the long growth cycles and capital-intensive nature of special aquatic farming[125] Governance and Management - The company has established a comprehensive governance structure, including a board of directors and supervisory board, to oversee its operations[131] - The company has committed to avoiding any competitive activities with its controlling shareholders through signed agreements[132] - The company has a complete independent business system and decision-making rights, with no competition or unfair transactions with controlling shareholders[132] - The company’s management team is composed of individuals who do not hold positions outside the company, ensuring focus on its operations[131] - The company has not reported any related party transactions that could be deemed unfair or competitive[132] Employee Development and Compensation - The total number of employees at the end of the reporting period was 3,423, with 226 in the parent company and 3,197 in major subsidiaries[190] - The company emphasizes a competitive compensation policy based on "value contribution," linking individual salary levels to personal performance and company profitability[190] - The training program includes a comprehensive talent development system with 260 courses covering various professional lines, enhancing employee skills and leadership development[195] - The training initiatives are designed to be practical and diverse, utilizing both online and offline methods to enhance employee capabilities effectively[195]

Financial Performance - The company's revenue for Q1 2022 was CNY 982,109,491.97, representing a 28.79% increase compared to CNY 762,579,686.00 in the same period last year[4]. - The net profit attributable to shareholders was a loss of CNY 41,687,368.84, a decline of 108.26% from a loss of CNY 20,017,306.65 year-on-year[4]. - The company reported a capital reserve increase of 144.53% due to funds raised from its initial public offering[12]. - The company’s weighted average return on equity was -1.75%, compared to -0.96% in the same period last year[4]. - The net loss for the current period was ¥42,844,756.72, compared to a net loss of ¥21,411,009.78 in the previous period, indicating an increase in losses of 99.5%[33]. - The basic and diluted earnings per share were both -¥0.06, compared to -¥0.03 in the previous period, reflecting a worsening in earnings per share[33]. Cash Flow - The net cash flow from operating activities was CNY -24,662,953.42, a decrease of 111.93% compared to CNY 206,781,710.25 in the previous year[4]. - The total cash inflow from operating activities was CNY 1,182,415,010.51, an increase of 11.2% compared to CNY 1,062,853,414.05 in the previous period[35]. - The cash outflow for purchasing goods and services was CNY 1,035,757,804.03, up from CNY 704,163,976.34, representing a 47% increase[35]. - The cash inflow from investment activities totaled CNY 752,358,615.07, down from CNY 2,333,145,560.25, indicating a decrease of approximately 67.7%[36]. - The cash outflow for investment activities was CNY 816,862,252.44, compared to CNY 2,365,383,410.49, reflecting a reduction of about 65.5%[36]. - The net cash flow from financing activities was CNY 137,499,704.65, a turnaround from a negative cash flow of CNY 461,754,051.63 in the previous period[37]. - The company raised CNY 501,500,000.00 from new investments during the quarter[37]. - The ending cash and cash equivalents balance was CNY 1,021,434,703.94, an increase from CNY 880,570,338.62 in the previous period[37]. - The cash inflow from interest and other operating activities was CNY 8,122,614.83, down from CNY 10,527,760.44[35]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,978,409,398.86, an increase of 8.13% from CNY 3,679,214,957.42 at the end of the previous year[4]. - Total current assets increased to CNY 2,772,629,732.66 from CNY 2,505,993,896.02, reflecting a growth of approximately 10.6%[20]. - Cash and cash equivalents at the end of the period reached CNY 1,145,529,796.08, up from CNY 1,027,684,264.49, indicating an increase of about 11.5%[20]. - Accounts receivable rose to CNY 811,807,659.26 from CNY 768,275,372.77, representing a growth of approximately 5.7%[20]. - Inventory decreased slightly to CNY 627,469,308.91 from CNY 630,566,287.12, showing a decline of about 0.5%[20]. - Total liabilities decreased to ¥1,308,126,727.02 from ¥1,443,112,392.92, a reduction of approximately 9.3%[26]. - The total equity attributable to shareholders increased to ¥2,674,694,528.46 from ¥2,236,302,397.30, representing a growth of 19.6%[26]. - Short-term borrowings decreased significantly to CNY 392,376,267.25 from CNY 667,616,919.76, a reduction of about 41.2%[23]. - Accounts payable increased to CNY 355,634,780.24 from CNY 276,384,623.60, reflecting a rise of approximately 28.6%[23]. - Contract liabilities surged to CNY 436,673,614.66 from CNY 202,244,443.02, indicating an increase of about 116.5%[23]. - Non-current assets totaled CNY 1,205,779,666.20, up from CNY 1,170,166,425.47, representing a growth of approximately 3%[23]. Operational Performance - The company sold 139,900 tons of feed products, achieving a year-on-year growth of 20%[9]. - The company experienced a significant increase in sales expenses by 31.67% due to expanded marketing efforts and hiring of additional personnel[12]. - The operating costs increased by 33.88% primarily due to rising raw material prices and increased sales volume[12]. - Research and development expenses for the current period were ¥23,667,342.73, compared to ¥21,887,037.75 in the previous period, marking an increase of 8.1%[29]. - The company plans to continue focusing on product quality and optimizing technology to address challenges from rising raw material costs[9]. Miscellaneous - The company reported no participation in margin financing activities among the top 10 shareholders[19]. - The company did not conduct an audit for the first quarter report[39].