Financial Performance - The company's operating revenue for the first half of 2015 was ¥783,330,725.38, a decrease of 10.51% compared to the same period last year[21]. - The net profit attributable to shareholders was ¥24,566,066.47, reflecting a decline of 17.49% year-over-year[21]. - The net profit after deducting non-recurring gains and losses was ¥24,499,611.29, down 12.01% from the previous year[21]. - Basic earnings per share decreased to ¥0.049, down 16.95% from the previous year[21]. - Operating profit for the same period was CNY 28.93 million, down 14.52% compared to the previous year[29]. - The company's operating costs decreased by 12.34% year-on-year, amounting to CNY 645.30 million[31]. - The company reported a profit before tax of ¥28.75 million, down from ¥35.86 million, a decrease of about 19.5% year-over-year[123]. - Net profit fell to ¥24.51 million from ¥30.62 million, representing a decrease of around 19.9% year-over-year[123]. Cash Flow and Assets - The net cash flow from operating activities increased significantly to ¥58,641,798.66, a rise of 5,206.99% compared to the same period last year[21]. - The company's cash and cash equivalents at the end of the reporting period amount to ¥80,559,012.03, an increase from ¥72,670,317.86 at the beginning of the period[112]. - Accounts receivable increased to ¥209,981,654.47 from ¥162,588,707.02, reflecting a growth of approximately 29.1%[112]. - Inventory decreased to ¥213,193,888.96 from ¥253,244,811.59, indicating a reduction of about 15.8%[112]. - Total assets at the end of the reporting period were ¥1,609,447,769.30, a decrease of 1.43% from the end of the previous year[21]. - The total assets of the company at the end of the reporting period were reported at 1,061,906,475.70 yuan, reflecting the company's financial stability[141]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The total number of shares is 502,000,000, with 25.84% being restricted shares and 74.16% being unrestricted shares[96]. - The largest shareholder, Zhucheng Tongluren Investment Co., Ltd., holds 51.68% of the shares, totaling 259,440,000 shares[99]. - The second largest shareholder, Panghai Holdings Co., Ltd., holds 20.97% of the shares, totaling 105,280,000 shares[99]. - The company plans to distribute a cash dividend of RMB 0.3 per 10 shares, totaling RMB 15.06 million, based on a total share capital of 50.2 million shares as of the end of 2014[62]. Operational Developments - The company has undergone a change in its legal representative, with Zheng Simin being elected as the new chairman[18]. - The company has established a market layout system centered in Shandong, Beijing, Shaanxi, and Jilin, with over 20,000 sales outlets, covering significant regions in China[38]. - The company is focused on expanding its product range, including low-temperature meat products, fermented foods, and frozen products, to capture market growth opportunities[37]. - The company has introduced advanced production techniques, enhancing product quality and safety, particularly in the cooling meat production process[37]. - The company maintained a strong brand presence, recognized as a "China Famous Trademark" and a leader in the low-temperature meat product sector[36]. Investment and Projects - The total amount of raised funds is RMB 79,932.22 million, with a total investment of RMB 80,885.29 million as of June 30, 2015[49]. - The company invested a total of 20,381.09 million RMB in the Jilin Deli project for the annual slaughter of 2 million pigs and meat processing[54]. - The company reported a total of 66,361 million RMB in committed investment projects, with a total of 57,010 million RMB already invested[53]. - The company has a production capacity of 13,168 tons of high-end meat products, achieving 100% of the planned investment[52]. Compliance and Governance - The company has not engaged in any major litigation or arbitration matters during the reporting period[70]. - The company has not undergone any penalties or corrective actions during the reporting period[92]. - The financial report for the half-year period was not audited[110]. - The company adheres to the Chinese Accounting Standards, ensuring the financial statements reflect a true and fair view of its financial position[155]. Risk Factors - The increase in pig prices has significantly impacted the company's main business of low-temperature meat products[60]. - The company faced challenges in market development and capacity release, leading to lower-than-expected benefits from the projects[53].

山东得利斯食品股份有限公司 2015 年第一季度报告正文 券代码：002330 证券简称：得利斯 公告编号：2015-014 山东得利斯食品股份有限公司 2015 年第一季度报告正文 1 山东得利斯食品股份有限公司 2015 年第一季度报告正文 第一节 重要提示 所有董事均已出席了审议本次季报的董事会会议。 公司负责人郑思敏、主管会计工作负责人杨松国及会计机构负责人(会计主 管人员)柴瑞芳声明：保证季度报告中财务报表的真实、准确、完整。 2 山东得利斯食品股份有限公司 2015 年第一季度报告正文 第二节 主要财务数据及股东变化 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 | | | | 调整前 | 调整后 | 调整后 | | 营业收入（元） | 450,095,865.52 | 520,084,762.31 | 520,084,762.31 | -13.46% | | 归属于上市公司股东 ...

Financial Performance - The company reported total revenue of CNY 1,622.38 million in 2014, a decrease of 20.93% compared to the previous year [28]. - Net profit attributable to shareholders was CNY 35.20 million, down 10.87% year-on-year [28]. - The operating cash flow decreased significantly by 54.10%, amounting to CNY 44.22 million [28]. - Basic earnings per share were CNY 0.070, reflecting an 11.39% decline from the previous year [28]. - The total assets at the end of 2014 were CNY 1,632.85 million, showing a slight decrease of 0.81% from the previous year [28]. - The company's total liabilities increased to CNY 326,829,734.86 from CNY 261,474,063.14, indicating a rise of approximately 25% [189]. - The total equity attributable to shareholders decreased to CNY 1,299,525,283.69 from CNY 1,329,737,820.77, reflecting a decline of about 2.3% [190]. - The company reported a net profit margin of approximately 18.5% for the fiscal year 2014, reflecting stable profitability [186]. - Net profit for the period was CNY 35,963,723.58, a decline of 6% from CNY 38,296,649.92 in the previous year [198]. Operational Risks and Challenges - The company has outlined potential operational risks including fluctuations in raw material prices, product quality, food safety, and market conditions [13]. - The company is facing risks from raw material price fluctuations, particularly in live pig prices, which significantly impact profit margins [79]. - The company reported a shortfall in expected benefits due to market development issues and external factors affecting project timelines [67]. Quality Control and Safety - The company has committed to maintaining rigorous quality control measures to address potential food safety issues [13]. - The company emphasizes strict adherence to food safety standards and certifications, including HACCP and ISO9001, to ensure product quality and safety [80]. - The company has implemented advanced production techniques, ensuring product quality and safety through certifications such as ISO9001:2000 and HACCP [52]. Market Presence and Strategy - The company aims to expand its market presence and achieve a nationwide marketing layout by 2015, focusing on e-commerce and new marketing models [78]. - The company has established over 20,000 sales outlets across various regions, including Shandong, Beijing, Shaanxi, and Jilin, enhancing its market presence [52]. - The company plans to enhance its production management to ensure product quality and increase labor productivity, with a focus on preventing quality incidents [78]. - The company is committed to building a large agricultural industry system and enhancing brand competitiveness through product diversification and innovation [77]. Subsidiaries and Investments - The company operates several subsidiaries, including Weifang Tonglu Food Co., Ltd. and Beijing Delisi Food Co., Ltd., to enhance its market presence [11]. - The company has included a new subsidiary, Beijing Pengda Garment Co., Ltd., in its consolidated financial statements, which reported a net loss of RMB 2.13 million [85]. - The company completed the acquisition of 25% equity in Xian Delisi Company for a transaction price of RMB 4,886.32 million, with a negative impact of -1.63% on net profit [97]. - The company acquired 100% equity of Beijing Pengda Garment Co., Ltd. for RMB 5,072.29 million, resulting in a negative impact of -212.62 million on net profit [98]. Research and Development - The company plans to increase R&D investment and improve product quality through advanced technology and processes [29]. - Research and development expenses accounted for 0.08% of the company's audited net assets and 0.06% of operating revenue in 2014 [39]. Governance and Compliance - The company has established a comprehensive information disclosure system, ensuring accurate and timely information dissemination to shareholders [156]. - The company has not faced any penalties or corrective actions during the reporting period, reflecting compliance with regulations [123]. - The company’s governance structure complies with the Company Law and relevant regulations, with no discrepancies noted [157]. - The company has implemented a robust insider information management system, with no violations reported during the review period [158]. Financial Management - The company has adjusted its financial reporting to comply with new accounting standards, impacting the presentation of deferred income and non-current liabilities [83]. - The company has not issued any new securities or undergone significant shareholder structure changes in the last three years [128]. - The company has a structured governance framework in place, adhering to relevant laws and regulations [154].

Financial Performance - Operating revenue for the reporting period was ¥389,369,063.12, a decrease of 22.79% year-on-year, while year-to-date revenue was ¥1,263,438,821.84, down 17.93%[7] - Net profit attributable to shareholders was ¥9,419,910.27, an increase of 4.50% year-on-year, with year-to-date net profit at ¥40,270,708.97, up 4.31%[7] - Basic earnings per share for the reporting period was ¥0.0190, reflecting a growth of 5.56% year-on-year[7] - The estimated net profit attributable to shareholders for 2014 is projected to be between 42.05 million and 50.46 million CNY, representing a change of 0.00% to 20.00% compared to the previous year[20] - The company anticipates maintaining a positive net profit for the fiscal year 2014, indicating a stable financial outlook[20] Assets and Cash Flow - Total assets at the end of the reporting period reached ¥1,635,622,412.55, an increase of 2.34% compared to the end of the previous year[7] - Cash flow from operating activities showed a net outflow of ¥19,053,496.29 year-to-date, a significant decrease of 64.69% compared to the previous year[7] - The company experienced a 49.31% decrease in cash and cash equivalents, down by ¥51,982,780.98, mainly due to dividend payments and asset purchases[15] - The net cash flow from investment activities decreased by 154.61%, amounting to a net outflow of ¥95,113,726.08, primarily due to equity purchases[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,918[11] - The largest shareholder, Zhucheng Tongluren Investment Co., Ltd., held 51.68% of the shares, amounting to 259,440,000 shares[11] - The actual controller, Zheng Heping, has committed not to transfer or entrust the management of shares held in Zhucheng Tonglu Ren Investment Co., Ltd. for 36 months from the date of the company's stock listing[18] - The commitments made by the company's directors and senior management include a restriction on transferring more than 25% of their holdings annually during their tenure[19] - The commitments made by major shareholders and the actual controller are aimed at ensuring stability and confidence in the company's stock performance[18] Corporate Governance and Strategy - The company has completed the repurchase of its own shares as per the commitments made[18] - The company has strictly fulfilled its commitments related to the initial public offering and refinancing[18] - There are no securities investments reported during the reporting period[22] - The company has not reported any significant changes in its operational strategy or market expansion plans during the reporting period[21] - The company expects no significant fluctuations in performance compared to the same period last year, as the main business operations remain unchanged[21]

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 875,331,649.72, a decrease of 15.44% compared to CNY 1,035,197,042.83 in the same period last year[20]. - Net profit attributable to shareholders of the listed company was CNY 30,850,798.70, an increase of 4.25% from CNY 29,592,968.03 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 28,918,297.11, reflecting a growth of 5.13% compared to CNY 27,506,932.79 in the previous year[20]. - Basic earnings per share increased by 3.39% to CNY 0.061 from CNY 0.059 year-on-year[20]. - Operating profit for the same period was CNY 34,916,388.14, an increase of 10.41% year-on-year[28]. - The company's operating costs decreased by 18.75% year-on-year, amounting to CNY 736,175,352.96[29]. - The company reported a gross margin of 15.12% in the food processing industry, a decrease of 3.49% compared to the previous year[33]. - The expected net profit for the period from January to September 2014 is projected to be between 3,860.68 million CNY and 4,632.82 million CNY, indicating a growth range of 0.00% to 20.00% compared to the previous year[56]. - The net profit for the first half of 2014 was CNY 5,421,157.33, down 26.4% from CNY 7,354,486.55 in the previous year[118]. - The net profit for the first half of 2014 was CNY 5,421,150, reflecting a decrease of 7.33% compared to the previous period[129]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 1,104,992.10, a significant decline of 97.65% from CNY 46,984,542.04 in the same period last year[20]. - The company's cash and cash equivalents increased to CNY 62,728,856.84 from CNY 34,507,558.96 at the beginning of the year, showing a significant improvement in liquidity[112]. - The company's cash inflows from operating activities of CNY 927,849,903.25, a decrease of 19.6% from CNY 1,153,939,434.23 in the previous year[120]. - The net cash flow from investment activities was 17,664,411.95 CNY, a significant improvement compared to the previous period's negative cash flow of -9,370,129.42 CNY[124]. - The total cash inflow from financing activities was 1,507,969.30 CNY, while the cash outflow was 1,446,000.00 CNY, resulting in a net cash flow of 61,969.30 CNY, an improvement from -7,554,301.55 CNY in the previous period[124]. - The net increase in cash and cash equivalents for the period was 28,283,267.18 CNY, compared to a decrease of -20,351,971.26 CNY in the previous period[124]. - The ending balance of cash and cash equivalents was 58,905,342.87 CNY, up from 47,757,750.14 CNY at the end of the previous period[124]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,597,140,162.45, a slight decrease of 0.06% from CNY 1,598,148,582.99 at the end of the previous year[20]. - Total liabilities decreased to CNY 316,531,554.67 from CNY 316,516,256.70 at the beginning of the year[113]. - The total liabilities include accounts payable of RMB 150,174,754.34, down from RMB 158,431,307.24, a decrease of approximately 5.8%[109]. - The company reported a negative tax payable of RMB -95,414,312.45, compared to RMB -91,476,373.75 at the beginning of the period[109]. - The total owner's equity attributable to the parent company at the end of the period was 1,368,072.54 CNY, reflecting an increase from the previous year's balance[125]. - The total liabilities and owner's equity at the end of the period were CNY 1,368,070, which indicates a healthy balance sheet[129]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares during this reporting period[6]. - The company plans to distribute a cash dividend of 0.3 CNY per share, totaling 15,060,000 CNY, based on a total share capital of 50,200,000 shares[58]. - The total number of ordinary shareholders at the end of the reporting period was 21,456[95]. - The controlling shareholder, Zhucheng Tongluren Investment Co., Ltd., released 64,860,000 shares from restrictions, accounting for 12.92% of the total shares[93]. - The number of shareholders holding more than 5% of shares includes Zhucheng Tongluren Investment Co., Ltd. with 51.68% and Panghai Holdings Limited with 20.97%[95]. - The company’s first major shareholder committed not to transfer or delegate management of shares for 36 months from the date of listing[86]. - The company’s actual controller also committed to similar restrictions on share transfers for 36 months from the date of listing[86]. Governance and Compliance - The governance structure of the company is in compliance with the relevant regulations and standards set by the China Securities Regulatory Commission[64]. - The company has not encountered any issues regarding the disclosure of raised funds usage[50]. - There were no major litigation or arbitration matters during the reporting period[65]. - The company has not implemented any stock incentive plans during the reporting period[72]. - The financial report for the half-year period was not audited[88]. - The company reported no penalties or rectifications during the reporting period[88]. Investment and Projects - The company focused on lean production and cost control to navigate the challenging market environment[28]. - The company has committed to an investment project with a total investment amount of 32,090 million CNY, with a cumulative investment of 33,012 million CNY, achieving a completion rate of 100%[47]. - The Jilin Delisi project for processing 200,000 pigs and cooling meat has a total investment of 20,381.09 million CNY, with a completion rate of 100%[49]. - The company utilized 11,000 million CNY of raised funds to repay bank loans and 13,031.34 million CNY to supplement working capital, with all projects completed and in operation[50]. - The company reported a total of 46,920.04 million CNY in raised funds, with 9,805.36 million CNY allocated to the deep processing project of pig by-products[49]. - The company achieved a project investment progress of 100% for the high-end meat product project with an annual output of 20,000 tons[50]. - The company noted that the West project was delayed due to infrastructure issues, affecting the construction schedule[49]. Accounting Policies and Practices - The company adheres to the Chinese Accounting Standards, ensuring that financial statements accurately reflect its financial status and operational results[140]. - The company’s financial statements are prepared based on the principle of continuous operation and actual transactions[139]. - The company uses an aging analysis method to determine the provision for bad debts, with specific percentages for different aging categories, such as 5% for receivables within one year[166]. - The company recognizes investment income from available-for-sale financial assets based on fair value changes, with gains or losses recorded in capital reserves[157]. - The company assesses the impairment of available-for-sale financial assets based on specific recognition criteria[163]. - The company recognizes finance leases when ownership of the leased asset transfers at the end of the lease term[178]. - The company assesses fixed assets for impairment at each reporting period, recognizing impairment losses when recoverable amounts are below carrying values[181]. - The company conducts impairment testing for definite intangible assets at the end of the period if there are indications of impairment[196].

山东得利斯食品股份有限公司 2014 年第一季度报告正文 证券代码：002330 证券简称：得利斯 公告编号：2014-014 山东得利斯食品股份有限公司 2014 年第一季度报告正文 1 山东得利斯食品股份有限公司 2014 年第一季度报告正文 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。 公司负责人郑和平、主管会计工作负责人杨松国及会计机构负责人(会计主 管人员)柴瑞芳声明：保证季度报告中财务报表的真实、准确、完整。 2 山东得利斯食品股份有限公司 2014 年第一季度报告正文 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 | 上年同期 | 本报告期比上年同期增 | | | --- | --- | --- | --- | --- | | | | | 减（%） | | | 营业收入（元） | 520,084,762.31 ...

Financial Performance - In 2013, the company's operating revenue was CNY 2,051,739,073, representing a year-on-year increase of 3.91%[20]. - The net profit attributable to shareholders was CNY 42,046,564, a decrease of 13.53% compared to the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 34,887,607, down 22.72% year-on-year[20]. - Cash flow from operating activities was CNY 96,323,599, reflecting a decline of 15.32% from the previous year[20]. - The company's total assets at the end of 2013 were CNY 1,598,148,582, an increase of 2.63% compared to the end of 2012[20]. - The net assets attributable to shareholders increased by 2.87% to CNY 1,313,108,914 at the end of 2013[20]. - The total operating revenue for the reporting period was CNY 205.17 million, an increase of 3.91% compared to the same period last year[30]. - Net profit for the reporting period was CNY 40.86 million, a decrease of 8.62% year-on-year[30]. - The net profit attributable to shareholders was CNY 42.05 million, down 13.51% from the previous year[30]. - Cash and cash equivalents increased by 65.21% compared to the previous year[31]. - Operating costs rose by 5.15% year-on-year, while sales expenses increased by 4.01%[31]. Dividend Distribution - The company plans to distribute a cash dividend of 0.30 CNY per 10 shares to all shareholders based on the total share capital as of December 31, 2013[5]. - The company reported a net profit of RMB 42.05 million for 2013, with a cash dividend payout ratio of 35.82%[71]. - The company plans to distribute a cash dividend of RMB 0.3 per 10 shares, totaling RMB 15.06 million for the year 2013, which represents 100% of the distributable profit[72][74]. Market and Product Development - The company is actively engaged in research and development of new products, particularly in the meat processing sector, utilizing advanced technology[10]. - New product development, including the Palos fermented ham and bone broth, is gradually gaining market traction[29]. - The company aims to enhance product competitiveness by increasing the added value of by-products and investing in new product development[67]. - The company plans to launch three new product lines in 2014, focusing on health-oriented food products, which are expected to contribute an additional 200 million RMB in revenue[115]. - The company is focusing on expanding its market presence for high-end fermented products, supported by government policies for logistics and supermarket development in smaller cities[67]. Operational Efficiency and Risk Management - The company reported a commitment to addressing operational risks, including human resources and sudden market changes[12]. - The company emphasizes the importance of cold chain logistics to ensure food quality and reduce losses throughout production and sales[10]. - The company has established a raw material price forecasting mechanism to maximize profits and ensure a stable supply of pigs[67]. - The company is implementing a "company + base + farmer" model for pig procurement to improve disease control and enhance the quality of pig sources[66]. - The company has optimized various project phases, resulting in cost savings and efficient resource utilization[58]. Corporate Governance and Shareholder Relations - The company has established a comprehensive governance framework, adhering to relevant laws and regulations, ensuring clear responsibilities among the shareholders, board of directors, and management team[124]. - The company is committed to protecting the rights of all shareholders, particularly minority shareholders, through transparent communication and engagement activities[124]. - The board of directors consists of 7 members, including 3 independent directors, meeting legal requirements and enhancing operational efficiency[126]. - The company maintains complete independence from its controlling shareholder in business, personnel, assets, organization, and finance, ensuring autonomous operational capabilities[137]. - The company has implemented various internal management systems since 2008, including rules for board meetings and investor relations management[124]. Subsidiaries and Market Presence - The company operates several subsidiaries, including Beijing Delisi and Jilin Delisi, to strengthen its market presence[10]. - The company continued to expand its marketing network and improve its market segmentation, resulting in increased collaboration with major clients like Yum! Brands and Beijing Aviation Food[29]. - The company has established over 20,000 sales outlets, primarily serving chain supermarkets, distributors, and large meat product manufacturers[49]. Financial Health and Investments - The company has no significant changes in liabilities, indicating stable financial health[47]. - The total amount of raised funds was ¥79,932.22 million, with ¥5,106.9 million invested during the reporting period[53]. - The company raised a total of RMB 83,034 million from the public offering, with a net amount of RMB 79,932.22 million after deducting various fees[55]. - The company utilized RMB 11,000 million of the over-raised funds to repay bank loans and RMB 13,031.34 million to supplement working capital[58]. - The company has allocated 50 million RMB for research and development in new technologies related to food preservation and safety[115]. Challenges and Market Conditions - The company faced challenges such as the H7N9 outbreak and fluctuating pig prices but managed to achieve its annual operational goals[29]. - The company reported that all remaining unused raised funds are stored in a special account as per regulatory requirements[58]. - The company faced delays in project completion due to market development issues and infrastructure readiness, affecting expected benefits[58]. Employee and Management Structure - The company employed a total of 2,863 staff members as of the end of the reporting period, with 1,478 in production, 800 in sales, 123 in technology, 171 in finance, and 291 in administration[120]. - The company has undergone a management restructuring, with several new appointments including the Chairman and various directors elected in December 2013[119]. - The company has a structured approach to employee rights, ensuring compliance with labor laws and regulations[120]. Compliance and Audit - The company’s financial report for 2013 received a standard unqualified audit opinion from Da Hua Accounting Firm[149]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors[128]. - The company confirmed that there were no risks identified during the supervisory activities of the Supervisory Board in the reporting period[136].