证券代码：002234 证券简称：民和股份 山东民和牧业股份有限公司 投资者关系活动记录表 编号：2022-003 | --- | --- | --- | --- | --- | |-----------------------|-----------------------------------------------------------------------------------------------------------------------|-------|------------------|-------| | 投资者关系活 \n动类别 | ■特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n□新闻发布会 □路演活动 \n□现场参观 □其他（请文字说明其他活动内容） | | | | | | 兴业证券：纪宇泽 兴业证券：曹心蕊 | | | | | | 申万宏源：盛 瀚 | | 博时基金：姚 爽 | | | | 民生证券：徐 菁 国盛证券：孟 鑫 | | | | | | 开域资本：杨宋清 东兴证券：王 旭 | | | | | | 开源证券：陈雪丽 龙鳞资本：王新明 | | ...

证券代码：002234 证券简称：民和股份 山东民和牧业股份有限公司 投资者关系活动记录表 编号：2022-002 | --- | --- | --- | |--------------|------------------------------------|--------------------------------------------------------| | | ■特定对象调研 □分析师会议 | | | 投资者关系活 | □媒体采访 □业绩说明会 | | | 动类别 | □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） | | 参与单位名称 | 中泰证券股份有限公司：姚雪梅 | | | 及人员姓名 | 中泰证券股份有限公司：严瑾 | | | 时间 | 2022 年 8 月 25 日 | | | 地点 | 山东民和牧业股份有限公司会议室 | | | 上市公司接待 | 董事、董事会秘书兼副总经理：张东明 | | | 人员姓名 | 证券事务代表：高小涛 | | | | 交流主要内容如下： | | | | 1 、公司目前业务介绍 | | | | | 公司主 ...

编号：2022-005 证券代码：002234 证券简称：民和股份 山东民和牧业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|---------------------------------------------------------------------------------------------------------|----------------------------------------| | 投资者关系活 \n动类别 | □特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n□新闻发布会 □路演活动 \n□现场参观 ■其他（电话会议） | | | | | 中信建投：王明琦、马鹏 华泰保兴：张 挺 | | | | 天弘基金：张 慧 华宝基金：林励盛 | | | 湘财基金：丁 洋 | 东方基金：郭绍珺 | | | | 融通基金：吴 书 中邮人寿：孙婉宁 | | | | 平安养老：李国奇 金恒宇投资：关雪 | | | 中略投资：林跃煌 中信集团：徐 | 辉 | | | 泾溪投资：狄晓锋 | 光大证 ...

证券代码：002234 证券简称：民和股份 编号：2022-004 山东民和牧业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|---------------------------------------------|--------------------------------------------------| | | □特定对象调研 □分析师会议 | | | 投资者关系活 | □媒体采访 □业绩说明会 | | | 动类别 | □新闻发布会 □路演活动 | | | | □现场参观 ■其他（电话会议） | | | | 浙商证券：王琪、江路 开源证券：张习方 | | | | 海通证券：及晶晶 | 九方智投：周亮亮 | | | 华融基金：王勃轩 上银基金：李炤圻 | | | | | | | | 华商基金：陈 | 凯 磐耀资产：辜若飞 | | | 淳厚基金：廖辰轩 中银资管：张 | 燕 | | 活动参与人员 | 中信理财：宁 宁 | 宽潭投资：雯 妮 | | | 灏霁投资：蔡麟琳 光大保德信：王凯 | | | | 尚近投资：赵 | 俊 华泰保险：张 ...

Financial Performance - The company's revenue for Q3 2022 was ¥445,025,421.91, representing a 10.16% increase compared to the same period last year[4]. - The net profit attributable to shareholders was -¥34,670,137.97, a significant decline of 833.48% year-on-year[4]. - Total operating revenue for the period was CNY 1,084,968,643.86, a decrease of 25.3% compared to CNY 1,451,965,358.37 in the previous period[16]. - The net profit for the period was a loss of CNY 339,086,029.77, compared to a profit of CNY 163,842,223.83 in the previous period[17]. - The total comprehensive income for the period was a loss of CNY 339,086,029.77, compared to a gain of CNY 163,842,223.83 in the previous period[17]. - Basic and diluted earnings per share were both -CNY 0.95, compared to CNY 0.51 in the previous period[17]. Cash Flow - The net cash flow from operating activities was -¥297,768,151.47, reflecting a decrease of 255.10% compared to the previous year[4]. - The net cash flow from operating activities was -297,768,151.47 CNY, compared to 191,982,232.37 CNY in the previous year, indicating a significant decline in operational performance[19]. - Total cash inflow from investment activities was 637,415,542.63 CNY, while cash outflow was 740,743,258.62 CNY, resulting in a net cash flow of -103,327,715.99 CNY[19]. - Cash inflow from financing activities amounted to 965,305,847.93 CNY, with cash outflow of 463,987,040.30 CNY, leading to a net cash flow of 501,318,807.63 CNY[19]. - The company’s cash flow from financing activities included 908,805,847.93 CNY from loans, which is a substantial increase from 283,350,000.00 CNY in the previous year[19]. - The company’s net increase in cash and cash equivalents for the period was 100,332,627.08 CNY, compared to 24,115,534.09 CNY in the previous year[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,943,762,439.23, an increase of 2.67% from the end of the previous year[4]. - The total liabilities amounted to CNY 1,148,606,042.87, an increase from CNY 713,448,460.14 in the previous period[17]. - The total equity attributable to shareholders of the parent company decreased to CNY 2,793,710,552.90 from CNY 3,125,726,673.44[17]. - The company's equity attributable to shareholders decreased by 10.62% to ¥2,793,710,552.90 compared to the previous year[4]. Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 38,926[10]. - The largest shareholder, Sun Xianfa, holds 17.39% of shares, totaling 60,667,348 shares[10]. - The company has a total of 10 major shareholders, with the top three holding a combined 36.63% of shares[10]. Research and Development - Research and development expenses increased by 80.16% to ¥12,629,875.88, indicating a focus on product development[7]. - Research and development expenses increased to CNY 12,629,875.88, compared to CNY 7,010,215.04 in the previous period, reflecting a focus on innovation[16]. Operational Costs - Total operating costs increased to CNY 1,382,226,374.51, up 16.2% from CNY 1,189,702,132.39 in the previous period[16]. - The cash paid for purchasing goods and services was 1,070,031,580.22 CNY, compared to 962,271,059.95 CNY in the previous year, reflecting an increase in operational costs[19]. - The company reported an increase in sales expenses to CNY 46,616,413.27, up from CNY 22,150,295.83 in the previous period, indicating higher marketing efforts[16]. Inventory and Asset Management - The company recorded a 69.51% decrease in asset impairment losses, indicating improved management of inventory write-downs[7]. - The company reported a decrease in inventory from ¥493,741,725.98 to ¥466,422,435.01[13]. - Long-term equity investments decreased to ¥276,493,284.27 from ¥294,845,725.51[14]. Market Strategy - The company is exploring market expansion strategies and new product development initiatives[12].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 639,943,221.95, a decrease of 38.94% compared to CNY 1,047,990,108.52 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was a loss of CNY 297,345,982.57, a decline of 274.79% from a profit of CNY 170,116,954.68 in the previous year[24]. - The net cash flow from operating activities was negative CNY 204,150,480.18, a decrease of 203.35% compared to a positive cash flow of CNY 197,525,801.00 in the same period last year[24]. - The basic earnings per share were negative CNY 0.85, down 257.41% from CNY 0.54 in the previous year[24]. - The total assets at the end of the reporting period were CNY 3,784,090,204.56, a decrease of 1.49% from CNY 3,841,190,886.27 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company were CNY 2,828,380,690.87, down 9.51% from CNY 3,125,726,673.44 at the end of the previous year[24]. - The weighted average return on net assets was negative 9.99%, a decrease of 15.87% from 5.88% in the previous year[24]. - The company reported a total sales volume of 30,413 tons of chicken products in the first half of 2022, slightly down from 30,698 tons in the same period of 2021[53]. - The cost structure for chicken products shows raw materials accounted for 83.41% of total operating costs in the first half of 2022, compared to 84.39% in the same period of 2021[53]. - The gross margin for the poultry industry decreased by 57.73% due to a significant drop in product sales prices[61]. Operational Developments - The company is progressing well with the construction of its parent breeding farm project, with some facilities completed and expected to start raising breeding chickens in the second half of the year[31]. - The company has officially commenced production at its cooked food factory, with ongoing efforts to enhance production and sales capabilities[31]. - The company’s broiler chick production capacity exceeds 300 million chicks, with plans to increase capacity by an additional 100 million chicks per year through private fundraising projects[36]. - The company is expanding into downstream processed chicken products, with plans to add 60,000 tons of meat products, which are expected to provide stable profits[36]. - The company has established a comprehensive industrial chain that includes breeding, processing, and recycling, aiming to enhance competitiveness by addressing weak links in the industry[36]. - The company has developed advanced breeding technologies, including a unique "three-stage all-in-all-out" cage rearing system, which improves survival rates and reduces disease risks[39]. - The company operates a complete business chain centered on parent stock broiler chicken breeding and the production of commercial broiler chicks, with a focus on unified management and decentralized operations[44]. Risk Factors - The company faces risks including disease prevention and control, price fluctuations of products, and rising raw material costs[6]. - The parent stock breeding is the company's core asset, with strict disease control measures in place; however, external outbreaks can significantly impact sales prices and overall performance[45]. - The company is exposed to risks from rising raw material prices and labor costs, which could adversely affect its cost management[85]. - The company faces risks from price fluctuations in its main product, broiler chicks, which significantly impact its profitability[84]. Financial Management - The company has established a unified procurement system, primarily sourcing parent broiler chicks and feed ingredients based on production needs and market forecasts[46]. - The company has a diverse procurement strategy for raw materials to mitigate risks associated with price fluctuations[85]. - The company has implemented a quality control system in compliance with national food safety regulations to mitigate food safety risks[87]. - The company has not engaged in any securities or derivative investments during the reporting period[69][70]. - The company reported a total of CNY 167,248,048.30 in restricted assets, including CNY 91,087,924.06 in cash and CNY 63,294,293.43 in fixed assets[66]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[7]. - The total number of shareholders at the end of the reporting period was 40,689[140]. - The actual controller of the company changed due to inheritance, with the new controllers being Sun Ximin, Sun Xianfa, and Sun Xianqiu[129]. - The total number of shares before the change was 348,960,212, with 27.48% being restricted shares and 72.52% being unrestricted shares[134]. Environmental and Social Responsibility - The company has established a comprehensive disease prevention and control system to mitigate risks associated with avian influenza, which poses a significant threat to the poultry industry[83]. - The company has donated 2 million yuan to support pandemic prevention efforts in Yantai City[104]. - The company has developed a complete ecological agricultural recycling industry chain, enhancing resource efficiency and environmental protection[102]. - The company has actively engaged in social welfare activities, supporting education and poverty alleviation initiatives[104]. - The company operates a wastewater treatment facility with a design capacity of 1,200 m³/day, utilizing advanced treatment technology[98]. - The company has established a solid waste management system, ensuring all solid waste is disposed of by qualified companies[99]. Governance and Compliance - The company has undergone changes in its board of directors, with new appointments made on April 22, 2022[91]. - The company did not have any major litigation or arbitration matters during the reporting period[112]. - There were no significant related party transactions during the reporting period[113]. - The semi-annual financial report for 2022 was not audited[153]. - The company has not reported any significant changes in accounting policies or prior period adjustments during this reporting period[176].

Financial Performance - The company's revenue for Q1 2022 was ¥247,002,485.28, a decrease of 51.17% compared to ¥505,819,871.19 in the same period last year[4] - The net profit attributable to shareholders was -¥182,873,527.70, representing a decline of 236.08% from ¥134,387,730.43 year-on-year[4] - Basic and diluted earnings per share were both -¥0.52, down 218.18% from ¥0.44 in the same period last year[4] - Net profit for Q1 2022 was a loss of CNY 185,441,616.38, compared to a profit of CNY 133,778,172.52 in Q1 2021, representing a significant decline[19] Cash Flow - The net cash flow from operating activities was -¥129,024,483.15, a drop of 212.04% compared to ¥115,155,963.71 in the previous year[4] - Cash inflow from operating activities totaled 265,218,191.37, down from 519,696,790.59, representing a decrease of approximately 48.9%[22] - Cash outflow from operating activities was 394,242,674.52, slightly decreased from 404,540,826.88, indicating a reduction of about 2.9%[22] - The net cash flow from financing activities increased by 388.39% to ¥247,839,509.02, driven by an increase in bank borrowings[7] - The net cash flow from investing activities was -9,709,949.83, an improvement from -75,327,032.22 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,892,067,563.00, an increase of 1.32% from ¥3,841,190,886.27 at the end of the previous year[4] - The company's total liabilities increased to CNY 949,566,753.25, up 33.1% from CNY 713,448,460.14 year-on-year[17] - Total equity attributable to shareholders decreased to CNY 2,942,853,145.74, down 6.0% from CNY 3,125,726,673.44 in the previous year[17] Research and Development - Research and development expenses increased by 101.51% to ¥3,916,687.99 from ¥1,943,710.60 in the previous year, indicating a focus on product development[7] - Research and development expenses for Q1 2022 were CNY 3,916,687.99, an increase of 101.5% compared to CNY 1,943,710.60 in Q1 2021[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 40,081[9] - The largest shareholder, Sun Xianfa, holds 17.39% of shares, totaling 60,667,348 shares[9] Borrowings and Financing - The company reported a significant increase in short-term borrowings, rising by 60.09% to ¥676,150,000.00 from ¥422,350,000.00[7] - The company plans to publicly issue convertible bonds totaling ¥540 million with a term of 6 years[11] - The company has authorized the board to handle all matters related to the issuance of convertible bonds[11] Inventory and Current Assets - The company reported a decrease in inventory from ¥493,741,725.98 to ¥474,632,279.08, a decline of about 3.5%[15] - Total current assets increased to ¥1,613,216,303.72 from ¥1,570,827,071.35, a growth of approximately 2.5%[15] - Cash and cash equivalents rose to ¥760,716,765.37 from ¥656,030,440.61, an increase of about 15.9%[14] Sales and Operating Costs - Total operating costs increased to CNY 415,961,156.49, up 12.0% from CNY 371,274,873.65 year-on-year[18] - The company reported a significant increase in sales expenses, which rose to CNY 10,385,649.37, up 42.5% from CNY 7,290,305.74 year-on-year[18] Audit and Reporting - The company did not undergo an audit for the first quarter report[24]

Biosecurity and Disease Management - The company reported a significant focus on biosecurity measures, being recognized as a "highly pathogenic avian influenza biosecurity isolation zone" by the Ministry of Agriculture, which enhances its ability to manage disease risks[5]. - The company has developed a robust disease prevention system over 30 years, which includes training skilled management and technical personnel to mitigate disease outbreaks[5]. - The company acknowledges the potential impact of external disease outbreaks on consumer perceptions and market demand, which could adversely affect its financial performance[5]. Financial Performance - The company's operating revenue for 2021 was ¥1,775,432,179.30, representing a 5.56% increase compared to ¥1,681,883,981.38 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥47,609,674.22, a decrease of 28.60% from ¥66,675,728.92 in 2020[24]. - The net cash flow from operating activities decreased by 82.01% to ¥42,672,842.37 in 2021 from ¥237,190,334.58 in 2020[24]. - The total assets at the end of 2021 were ¥3,841,190,886.27, a 15.60% increase from ¥3,322,913,939.08 at the end of 2020[24]. - The net assets attributable to shareholders increased by 19.20% to ¥3,125,726,673.44 at the end of 2021 from ¥2,622,335,065.78 at the end of 2020[24]. - The basic earnings per share for 2021 was ¥0.14, down 36.36% from ¥0.22 in 2020[24]. - The company reported a significant decline in net profit for the fourth quarter of 2021, with a loss of ¥118,793,194.83[28]. Product and Market Expansion - The main product, broiler chicks, has experienced price volatility, impacting the company's profitability; the company aims to reduce reliance on chick sales by expanding into broiler farming and processing[6]. - The company is expanding its product offerings and market reach, particularly in the processed chicken segment, to enhance its competitive position[6]. - The company is expanding into downstream processing, aiming to add 60,000 tons of meat products, which will provide stable revenue due to the profitability of processed chicken products[39]. - The company has established a comprehensive industrial chain that includes breeding, broiler production, slaughtering, and deep processing, enhancing its competitive edge[39]. Environmental Initiatives - The company plans to invest in environmental protection initiatives, including biogas projects, to manage waste and comply with increasing regulatory standards[8]. - The company is committed to sustainable practices, integrating agricultural and livestock operations to create a circular economy in its production processes[8]. - The company has established a wastewater treatment facility with a design capacity of 1,200 m³/day, utilizing advanced treatment processes[142]. - The company reported no significant environmental violations, with all pollutant emissions within regulatory limits[142]. - The company has implemented online monitoring equipment for wastewater discharge, enhancing compliance and environmental responsibility[142]. Research and Development - The company continues to invest in research and development to enhance its core competitiveness and adapt to market demands[55]. - The company is developing a 3D environmental monitoring system for poultry, aimed at enhancing health monitoring and management efficiency[72]. - The company is focusing on developing functional organic water-soluble fertilizers to meet the needs of high-efficiency ecological agriculture[72]. - In 2021, the company's R&D investment amounted to ¥10,609,931.04, an increase of 28.48% compared to ¥8,258,148.49 in 2020[75]. - The number of R&D personnel increased by 70.83% from 48 in 2020 to 82 in 2021, with a notable rise in the proportion of personnel holding bachelor's degrees from 62.50% to 62.20%[73]. Governance and Management - The company adheres to strict governance practices, ensuring compliance with relevant laws and regulations to maintain operational integrity[102]. - The company has a total of 9 board members, including 3 independent directors, and operates under strict governance guidelines[103]. - The company emphasizes independent operations, maintaining complete business systems and financial independence from its controlling shareholder[105]. - The company has established performance evaluation standards and incentive mechanisms for directors and senior management, ensuring transparency in appointments[104]. - The company has a robust information disclosure management system, ensuring timely and accurate communication with shareholders[104]. Shareholder and Financial Structure - The company has not declared any cash dividends or stock bonuses for the reporting period, indicating a focus on reinvestment[10]. - The company has a total of 156 employees with a bachelor's degree or higher, highlighting the educational background of its workforce[127]. - The total number of shares held by the board members at the end of the reporting period is 127,856,000 shares[109]. - The company has a total of 9 board members, with diverse backgrounds in agriculture and management[110]. - The company’s controlling shareholder is Sun Ximin, who has not changed during the reporting period[195]. Social Responsibility - The company actively engages in social responsibility initiatives, including donations for education and support for local communities during the pandemic[148]. - The company invested over 800,000 RMB in rural revitalization and new rural construction, including 150,000 RMB in sponsorship for local villages[149]. - The company emphasizes employee welfare, providing training and development opportunities to enhance employee satisfaction and retention[146]. Challenges and Market Conditions - The company faces risks from rising raw material costs, particularly corn and soybean meal, which are influenced by various external factors including government policies and international trade[6]. - The overall industry is facing low profitability due to high feed prices and market pressures, impacting the company's slaughtering operations[34]. - The company has faced multiple pressures, including the impact of the COVID-19 pandemic and rising commodity prices, which have affected its operational strategies[97].

证券代码：002234 证券简称：民和股份 公告编号：2021-080 山东民和牧业股份有限公司 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，增强与广大投资者的联系，切实提高上 市公司透明度、规范运作和治理水平，山东民和牧业股份有限公司（以下简称"本 公司"或"公司"）将于2021年11月16日（星期二）下午14：00-16：00参加 "山东辖区上市公司2021年度投资者网上集体接待日活动"，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在深圳市全景网络有限公司提供的网上 平台采取网络远程方式举行，投资者可以登录全景•路演天下（http://rs.p5w.net）） 参与本次活动。 公司出席本次活动的人员有：公司董事、副总经理兼董事会秘书张东明先生、 证券事务代表高小涛先生，欢迎广大投资者积极参与。 特此公告。 山东民和牧业股份有限公司董事会 二〇二一年十一月十二日 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 403,975,249.85, an increase of 4.17% year-on-year, and a total of CNY 1,451,965,358.37 for the year-to-date, up 12.57% compared to the same period last year[3] - The net profit attributable to shareholders of the listed company was a loss of CNY 3,714,085.63, a decrease of 97.58% year-on-year, while the year-to-date net profit was CNY 166,402,869.05, an increase of 111.40%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 17,026,104.47, down 88.93% year-on-year, with a year-to-date figure of CNY 147,484,416.99, an increase of 84.16%[3] - The company reported a total comprehensive income of ¥163,842,223.83, which is a 110.8% increase from the previous year's ¥77,545,085.39[18] - Net profit for the period was ¥163,842,223.83, representing a significant increase of 110.8% from ¥77,545,085.39 in the previous year[18] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,790,125,245.78, representing a 14.06% increase from the end of the previous year[3] - The total assets increased to ¥3,790,125,245.78 from ¥3,322,913,939.08, reflecting a growth of 14.1%[17] - The total liabilities decreased to ¥541,534,667.60 from ¥694,047,518.17, indicating a reduction of approximately 22%[17] - The company’s total liabilities decreased slightly, indicating improved financial stability[25] - The total equity attributable to shareholders reached CNY 2,622,335,065.78, with retained earnings of CNY 1,191,454,087.30[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 41,029[9] - The largest shareholder, Sun Ximin, holds 27.03% of shares, totaling 94,310,000 shares[9] Cash Flow and Financing - The company reported a significant increase in cash flow from financing activities, with a net cash flow of CNY 361,296,408.91, a 711.29% increase compared to the previous year[7] - The net cash flow from financing activities increased to CNY 361,296,408.91, compared to a net outflow of CNY 59,103,821.33 in Q3 2020[22] - The net cash flow from operating activities for Q3 2021 was CNY 191,982,232.37, a decrease of 14.8% compared to CNY 225,490,040.19 in Q3 2020[21] Investment and Expenses - The company’s investment income decreased by 86.29% to CNY 1,625,601.89, attributed to reduced profits from associated companies[7] - Research and development expenses rose to ¥7,010,215.04, compared to ¥5,561,517.86, indicating a year-over-year increase of 25.9%[17] - Cash outflow for investment activities was CNY 642,413,712.24, up from CNY 458,061,905.59 in Q3 2020, indicating increased investment spending[21] Other Financial Metrics - Basic and diluted earnings per share improved to ¥0.51, compared to ¥0.26 in the same quarter last year, reflecting a growth of 96.2%[18] - The company has proposed to recognize an asset impairment provision amounting to 37,684,048.94 RMB[12] - The company adjusted its financial statements in accordance with new leasing standards, impacting the balance sheet[23] - The third-quarter report was not audited, indicating that the figures may be subject to adjustments[27]