Financial Performance - The company's operating revenue for 2022 was CNY 19,420,342,864.98, representing a year-on-year increase of 35.77% compared to CNY 14,303,703,855.41 in 2021[30]. - The net profit attributable to shareholders for 2022 was CNY 16,981,224.30, a decrease of 85.39% from CNY 117,063,421.67 in 2021[30]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 22,171,170.52, down 81.46% from CNY 120,419,586.69 in the previous year[30]. - The basic earnings per share for 2022 was CNY 0.0027, down 85.16% from CNY 0.0184 in 2021[30]. - The total revenue for 2022 was approximately ¥19.42 billion, representing a year-on-year increase of 35.77% compared to ¥14.30 billion in 2021[48]. - The company’s net profit attributable to shareholders was negative in Q3 and Q4 of 2022, with losses of ¥19.44 million and ¥2.50 million respectively[58]. - The company reported a non-operating loss of 5.19 million yuan in 2022, compared to a loss of 3.36 million yuan in 2021[155]. - The company reported a loss of 7.07 million yuan from trading financial assets in 2022, an improvement from a loss of 14.11 million yuan in 2021[155]. Cash Flow and Assets - The net cash flow from operating activities for 2022 was CNY 907,110,041.17, a significant improvement of 230.28% compared to a negative cash flow of CNY -705,500,263.80 in 2021[30]. - The company’s cash flow from operating activities was negative in Q1 and Q4 of 2022, with net cash flow of -¥188.54 million and -¥232.68 million respectively[58]. - The company's total assets increased by 25.84% to approximately ¥16.44 billion by the end of 2022, compared to ¥13.04 billion at the end of 2021[57]. - Cash and cash equivalents increased to 1,831,631,027.06 yuan, accounting for 11.14% of total assets, primarily due to increased sales receipts[87]. - Inventory rose to 2,419,173,161.83 yuan, representing 14.71% of total assets, mainly due to increased inventory in the Brazilian subsidiary for agricultural materials and grains[87]. - Short-term borrowings decreased to 1,619,043,415.56 yuan, which is 9.85% of total assets, down by 3.24% from the beginning of the year[87]. - Long-term borrowings decreased to 679,306,583.99 yuan, accounting for 4.13% of total assets, a reduction of 4.76% due to reclassification of long-term borrowings maturing within one year[87]. Business Expansion and Strategy - The company plans to extend its business into the beef industry by integrating beef cattle breeding, slaughtering, and sales, aiming to enhance profitability through value-added services[39]. - The company is focusing on expanding its market presence in Brazil, where the agricultural production market is expected to grow rapidly due to increased crop yields and planting areas[19]. - The company is focusing on mergers and acquisitions to enhance control over overseas green agricultural food resources, currently managing 16 farms in New Zealand[44]. - The company aims to enhance its agricultural resource control while expanding its grain trading business internationally[68]. - The company’s strategy emphasizes "agriculture + food" and aims for rapid acquisition of agricultural and food resources globally[72]. - The company is actively seeking high-quality agricultural and food resources both domestically and internationally, leveraging the "Belt and Road" initiative[169]. - The company is implementing a "industry + finance, investment + mergers and acquisitions" development model to enhance management capabilities[195]. Sector Performance - The livestock farming sector generated revenue of ¥378.79 million, accounting for 1.95% of total revenue, with a year-on-year increase of 11.66%[48]. - The agricultural and forestry sector contributed ¥18.68 billion, making up 96.21% of total revenue, with a year-on-year growth of 43.63%[48]. - The company has expanded its sheep farming operations, with a stock of 320,000 high-quality sheep, a 7% increase year-on-year[47]. - The company has established four large-scale sheep breeding farms in Anhui, promoting standardized and intensive sheep farming[165]. - The domestic beef consumption reached 10.55 million tons in 2022, with a year-on-year growth of 5.96%[183]. - The company is actively expanding its meat cattle business, with the domestic slaughter capacity resuming operations on February 15, 2023[197]. Challenges and Risks - The company reported a negative net profit for the last three accounting years after deducting non-recurring gains and losses, indicating uncertainty in its ability to continue as a going concern[132]. - The company experienced a decrease in milk production due to adverse weather conditions, despite rising milk prices[172]. - The revenue from the food trade segment decreased by 62.53% to CNY 351,526,566.85, indicating challenges in that area[81]. - The sales expenses increased by 75.35% to CNY 698,944,715.49, primarily due to increased freight costs in the Brazilian subsidiary[84]. - The company’s management expenses rose by 31.71% to CNY 476,388,126.96, largely due to inflation in Brazil[84]. Derivative Investments and Risk Management - The company reported a total derivative investment amount of 390,221,861.32 CNY, with a fair value change of 172,762,612.49 CNY during the reporting period[115]. - The company experienced a significant impact from rising grain prices, resulting in actual hedging gains of 1627.18 million CNY from DKBA and 629.54 million CNY from HDPF[115]. - The company utilized derivative financial instruments effectively to mitigate operational risks associated with price, exchange rate, and interest rate fluctuations[116]. - The company has established strict internal approval procedures for derivative transactions to control associated risks[116]. - The company does not engage in speculative derivative investments, focusing solely on hedging activities[116]. - The company’s risk control measures include careful selection of derivative instruments and adherence to internal operational processes[116]. - The company’s board of directors supports the hedging activities, confirming compliance with relevant laws and regulations[116]. Regulatory and Compliance - The audit report for the company includes a qualified opinion, highlighting the need for investors to pay attention to detailed explanations provided by the board and supervisory committee[140]. - The company has not reclassified any non-recurring gains and losses as recurring, maintaining compliance with the relevant disclosure standards[134]. - The company has no discrepancies in net profit and net assets between international accounting standards and Chinese accounting standards during the reporting period[153].

证券代码：002505 证券简称：大康农业 湖南大康国际农业食品股份有限公司 投资者关系活动记录表 编号：2020 年 001 号 | --- | --- | --- | |-----------------------------|--------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活动 类别 | □ □ □新闻发布会 □路演 ...

证券代码：002505 证券简称：大康农业 湖南大康国际农业食品股份有限公司 投资者关系活动记录表 编号：2019 年 001 号 | --- | --- | --- | |-----------------------|----------------------------|--------------------------------------------------------------------------------------------------------------------------| | 投资者关系活动 \n类别 | □ \n□ √ 现场参观 □其他 | 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 | | | 每日经济新闻 | 吴 凡 | | 参与单位名称及 | 云南日报 | 李继洪 | | | 昆明日报 倪 | 瑗 | | 人员姓名 | | | | | 蓝鲸财经 证券日报 李如是 | 崔 进 | | | 上海证券报 夏子航 | | | | | | | | 时代周刊 黄嘉祥 | | | | 金融投资报 林 | 柯 | | | | ...

证券代码：002505 证券简称：鹏都农牧 编号：2021 年 001 号 | --- | --- | --- | |-------------------------|-------------------------------------|---------------------------------------------------------------------------| | | | | | 投资者关系活动 | □特定对象调研 □分析师会议 | | | 类别 | □媒体采访 | √业绩说明会 | | | □新闻发布会 | □路演活动 | | | □现场参观 □其他 | | | 参与单位名称及 人员姓名 | 公司投资者 | | | 时间 | 2021 年 5 月 21 日 15 : | 00 ~ 17 : 00 | | 地点 | "鹏都农牧投资者关系" | 微信小程序 | | 上市公司接待人 员姓名 | 先生 | 董事兼董事会秘书葛俊杰先生、联系总裁董轶哲先生、财务总监顾卿 | | | | 鹏都农牧股份有限公司（以下简称"公司"）已于 2021 年 4 月 29 日 | | | 披露 2 ...

证券代码：002505 证券简称：鹏都农牧 鹏都农牧股份有限公司 投资者关系活动记录表 编号：2021 年 002 号 | --- | --- | --- | --- | --- | |-----------------------------|---------------------------------------|-------------------------------------------------------------------------------------------------------------------------|------------------|------------| | 投资者关系活动 | □特定对象调研 | 分析师会议 | | | | 类别 | □媒体采访 | 业绩说明会 | | | | | □新闻发布会 □路演活动 | | | | | | □现场参观 | 其他 | | | | 参与单位名称及 人员姓名 | 公司投资者 | | | | | 时间 | 2021 年 9 月 24 日 15 : | 00 ~ 16 : 55 | | | | 地点 | ...

Group 1: Company Overview and Plans - The company plans to import 1.2 million high-quality breeding cows over approximately five years, aiming for a stock of 2.3 million and an output of 2 million [3][4][12] - The company has completed the construction of a slaughter capacity for 500,000 beef cattle, but operations are currently halted due to the pandemic [3][6][8] Group 2: Financial Performance and Market Impact - In 2021, the company reported a revenue of approximately 850 million yuan from sugar, accounting for 5.9% of total revenue [14][17] - The domestic beef consumption reached 9.81 million tons in 2021, with a year-on-year growth of 10.91%, indicating a significant supply gap of 2.83 million tons [12] Group 3: Investor Relations and Stock Performance - The company's stock performance is influenced by multiple factors, and it is actively working to enhance market recognition [5] - The company emphasizes the importance of maintaining communication with investors and is committed to shareholder returns while ensuring sustainable development [7][10] Group 4: Operational Challenges and Strategies - The company is facing challenges in importing live cattle from Myanmar due to customs issues, but is actively working to resume operations [6][8] - The company has implemented strict hedging measures to mitigate price risks in grain trading, ensuring stable profits despite market fluctuations [9]

证券代码：002505 证券简称：鹏都农牧 鹏都农牧股份有限公司 投资者关系活动记录表 编号：2022 年 002 号 | --- | --- | --- | --- | |-----------------------------|------------------------------------------------------------|------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------| | | | | | | | □特定对象调研 | 分析师会议 | | | | □媒体采访 | □业绩说明会 | | | 投资者关系活动 | □新闻发布会 | □路演活动 | | | 类别 | □现场参观 | 其他 | | | 参与单位名称及 | 公司投资者 | | | | 人员姓名 | | | | | 时间 ...

Revenue and Profitability - The company's revenue for Q3 2022 was ¥4,996,363,662.34, representing a 45.90% increase compared to ¥3,424,457,480.20 in the same period last year[6] - The net profit attributable to shareholders was a loss of ¥19,444,953.19, a decrease of 491.08% from a profit of ¥4,972,059.48 in the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥8,187,308.60, down 188.93% from ¥9,206,307.79 in the same period last year[6] - The company reported a 240.52% increase in investment income, reaching ¥119.41 million, compared to a loss of ¥84.98 million in the same period last year[16] - The net loss attributable to the parent company was ¥563,260,821.79, slightly improved from a loss of ¥582,743,673.67 in the previous year[28] - The total profit for the current period is 130,480,207.35, down from 179,070,236.22 in the previous period, reflecting a decrease of approximately 27%[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥17,482,539,517.62, an increase of 33.78% from ¥13,043,089,120.54 at the end of the previous year[6] - The total liabilities increased to ¥11,553,946,282.29 from ¥7,444,991,283.07, reflecting a rise of 55.4%[25] - Accounts receivable increased by 36.00% to ¥3,318,130,536.59, primarily due to increased sales of grain and agricultural materials by the Brazilian subsidiary[12] - Inventory rose by 86.73% to ¥3,116,300,998.18, mainly due to an increase in grain inventory such as soybeans and corn[12] - The company's short-term borrowings increased by 33.84% to ¥2,288,514,963.75, driven by funding needs for grain and cattle business development[12] - Contract liabilities surged by 180.23% to ¥1,540,234,048.80, primarily due to increased advance payments from grain merchants by the Brazilian subsidiary[12] Cash Flow and Financing - The company reported a significant increase in cash flow from operating activities, with a net cash flow of ¥1,139,787, a 255.43% increase compared to the previous year[6] - The company experienced a 76.20% increase in cash and cash equivalents, reaching ¥1,564,235,502.76, mainly due to increased sales collections and financing[10] - Net cash flow from operating activities improved significantly to ¥1.14 billion, compared to a negative cash flow of ¥733.33 million in the previous year, marking a 255.43% increase[17] - The company’s financing activities generated a net cash outflow of ¥465.37 million, a significant decrease from a net inflow of ¥184.76 million in the previous year, reflecting repayments of due financing[17] - Cash inflow from financing activities totaled 4,604,108,064.94, compared to 3,476,632,733.86 in the previous period, indicating an increase of about 32%[38] Operating Performance - The company's operating revenue for the first nine months of 2022 reached ¥15.91 billion, a 37.92% increase from ¥11.54 billion in the same period of 2021[16] - Operating costs increased by 41.85% to ¥14.71 billion, up from ¥10.37 billion, primarily due to rising grain and agricultural material prices in the Brazilian subsidiary[16] - Total revenue for the third quarter reached ¥15,914,551,120.73, an increase of 37.5% compared to ¥11,538,851,523.74 in the same period last year[29] - Total operating costs amounted to ¥15,824,310,123.16, up from ¥11,286,785,604.53, reflecting a year-over-year increase of 40.5%[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 109,801, with the largest shareholder holding 18.53% of the shares[20] Other Income and Expenses - The company experienced a significant increase in other income, which rose by 256.77% to ¥6.61 million, primarily due to changes in government subsidies[16] - The company reported a 50.62% increase in taxes and additional charges, totaling ¥60.44 million, attributed to increased sales in the Brazilian subsidiary[16] - The company faced a 203.71% decline in fair value changes, resulting in a loss of ¥71.94 million, primarily due to changes in derivative fair values in the Brazilian subsidiary[16] - Research and development expenses for the quarter were ¥7,721,309.17, compared to ¥3,063,633.39, showing an increase of 152.3%[29] Comprehensive Income - The total comprehensive income for the current period is 227,130,451.36, compared to -84,087,606.81 in the previous period, showing a substantial recovery[33] - The company reported an increase in other comprehensive income attributable to the parent company of 110,724,628.02, compared to -148,384,232.99 in the previous period, marking a significant turnaround[33]

Financial Performance - The company reported a total revenue of RMB 1.5 billion for the first half of 2022, representing a year-on-year increase of 15%[24]. - Net profit attributable to shareholders reached RMB 200 million, up 10% compared to the same period last year[24]. - Future guidance estimates a revenue growth of 12% for the second half of 2022, with a projected total revenue of RMB 3.2 billion for the full year[24]. - The company's operating revenue for the reporting period was CNY 10,918,187,458.39, representing a 34.55% increase compared to CNY 8,114,394,043.54 in the same period last year[31]. - The net profit attributable to shareholders of the listed company was CNY 38,927,805.07, a decrease of 49.38% from CNY 77,718,110.53 in the previous year[31]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 26,120,405.83, down 68.97% from CNY 84,991,266.91 in the same period last year[31]. - The net cash flow from operating activities was CNY 172,713,994.76, a significant improvement of 124.79% compared to a negative cash flow of CNY -706,066,215.86 in the previous year[31]. - The basic earnings per share were CNY 0.0061, a decrease of 50.00% from CNY 0.0122 in the same period last year[31]. - The diluted earnings per share were also CNY 0.0061, reflecting a 50.00% decrease compared to CNY 0.0122 in the previous year[31]. - The weighted average return on net assets was 0.77%, down from 1.32% in the previous year[31]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by the end of 2023[24]. - A strategic partnership with a leading technology firm has been established to enhance supply chain efficiency, expected to reduce costs by 5%[24]. - The company is exploring potential acquisitions in the livestock sector to diversify its product offerings and increase market competitiveness[24]. - The company is focused on integrating global high-quality agricultural and food resources to meet the demand for consumption upgrades, with main businesses including agricultural materials and grain trade, beef, mutton, and dairy industries[44]. - The company aims to enhance the profitability and international influence of its grain trading business by expanding its control over high-quality agricultural resources in Brazil[57]. Agricultural Insights - China's soybean market heavily relies on imports, with a self-sufficiency rate of only 14.5% in 2021, and an expected import dependency of around 80% by 2025[45]. - In the first half of 2022, China imported 46.284 million tons of soybeans, with 27.71 million tons (59.87%) coming from Brazil[45]. - Domestic beef consumption reached 10.23 million tons in 2022, with a supply gap of 3.13 million tons, as domestic production only met 70% of demand[47]. - The wholesale price of beef in China exceeded 77 RMB/kg as of July 2022, reflecting ongoing supply-demand imbalances[47]. - China's per capita lamb consumption reached 3.93 kg in 2021, a 4.93% increase from 2020, with a supply gap of 410,000 tons[51]. - In July 2022, the wholesale price of lamb in China was 66.41 RMB/kg, down 8.26% year-on-year due to seasonal supply increases[52]. - The domestic beef cattle inventory in China was 98.17 million heads as of 2021, showing a year-on-year growth of 2.7%[47]. - The Chinese government aims to maintain a self-sufficiency rate of 85% for beef and lamb by 2025, with production targets of 6.8 million tons and 5 million tons respectively[50]. Investment and R&D - The company has invested RMB 100 million in R&D for new product development, focusing on sustainable agricultural practices[24]. - The company has introduced 73,000 breeding ewes in its projects in Guangxi, Tumushuke, and Bachu as part of its poverty alleviation initiatives[71]. - The company has expanded its presence in New Zealand with 16 pastures and has acquired Brazilian grain traders to enhance its agricultural resource control[76]. - The company reported a significant increase in investment income, reaching CNY 108.66 million, a 312.05% rise compared to a loss of CNY 51.24 million in the previous year, attributed to changes in derivative investments in Brazil[83]. Operational Challenges and Risks - The management highlighted risks related to fluctuating raw material prices and regulatory changes in the agricultural sector[5]. - The dairy segment faced challenges with milk production due to adverse weather, despite rising milk prices, while costs for fertilizers, energy, logistics, and labor continued to increase[72]. - The company faces risks from natural disasters affecting agricultural production, and it requires farmers to obtain commercial insurance to mitigate potential impacts[131]. - The company is exposed to overseas operational risks and exchange rate fluctuations, and it has established a management manual to strengthen oversight of foreign subsidiaries[130]. - The rapid expansion of the company's operations has increased management risks, prompting the need for improved resource integration and talent development[131]. Financial Management and Guarantees - The total approved external guarantee amount at the end of the reporting period is 41,195.22 million CNY, with an actual external guarantee balance of 35,120.83 million CNY[178]. - The company has provided joint liability guarantees for various entities, with amounts ranging from 1,000 million CNY to 130,000 million CNY[178]. - The company has multiple guarantees in place for Fiagril Ltda., with amounts ranging from 636.35 to 21,812.05 across various dates[184]. - The company has reported a total of 54,424.67 million in actual guarantees to subsidiaries during the reporting period[196]. - The actual guarantee amount accounted for 62.13% of the company's net assets[196]. Corporate Governance and Compliance - The company has not distributed cash dividends or bonus shares for the half-year period[136]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[141]. - The company has not encountered any significant changes in accounting policies or principles compared to the previous reporting period[113]. - The company has established strict internal approval systems and operational processes for derivative transactions to mitigate risks[113].

Revenue and Profitability - Revenue for Q1 2022 reached ¥5,210,647,143.47, an increase of 28.30% compared to ¥4,061,380,180.30 in the same period last year[4] - Net profit attributable to shareholders was ¥33,844,144.19, a decrease of 42.22% from ¥58,573,274.68 year-on-year[4] - The company reported a basic earnings per share of ¥0.0053, down 42.39% from ¥0.0092 in the same period last year[4] - The net profit for the current period is 79,732,315.34, a decrease of 12.3% compared to 90,654,724.40 in the previous period[28] - The total profit for the current period is 111,697,723.22, down from 122,333,941.74, reflecting a decline of 8.3%[28] - Operating profit stands at 112,865,454.45, slightly lower than 120,378,983.11 from the previous period, indicating a decrease of 5.0%[28] Cash Flow and Financial Position - Net cash flow from operating activities improved to -¥188,543,437.40, a 65.98% increase compared to -¥554,219,347.53 in the previous year[4] - The company reported a net cash flow from financing activities of ¥402,825,717.18, a significant increase of 1496.32% driven by new borrowings and accounts receivable securitization[11] - Cash flow from operating activities shows a net outflow of -188,543,437.40, an improvement from -554,219,347.53 in the previous period[35] - Cash inflow from sales of goods and services reached 3,178,383,167.57, up from 2,184,301,857.01, marking an increase of 45.5%[35] - The company's cash and cash equivalents increased to ¥1,227,000,262.16 from ¥887,718,079.62, marking a growth of approximately 38.3%[18] - The cash and cash equivalents at the end of the period amount to 1,118,335,313.86, a slight decrease from 1,139,128,119.70 in the previous period[38] Assets and Liabilities - Total assets increased by 53.53% to ¥20,025,575,417.83 from ¥13,043,089,120.54 at the end of the previous year[4] - Total liabilities increased to ¥13,999,206,785.61 from ¥7,419,573,778.07, representing a growth of approximately 88.5%[24] - The company's equity attributable to shareholders rose to ¥5,252,312,435.47 from ¥5,002,564,364.08, an increase of about 5.0%[24] Inventory and Receivables - Accounts receivable rose by 109.80% to ¥5,118,602,740.35, primarily due to increased sales receivables from the Brazilian subsidiary[8] - Inventory increased by 129.43% to ¥3,804,489,138.15, mainly due to higher soybean inventory purchases by the Brazilian subsidiary[8] - The company's operating revenue for the current period reached ¥5,210,647,143.47, an increase of ¥1,149,266,963.17 or 28.30% compared to the same period last year, primarily due to rising grain prices[11] Expenses and Financial Performance - Operating costs increased to ¥4,850,185,938.44, reflecting a rise of ¥1,166,953,855.38 or 31.68%, also attributed to higher grain prices[11] - Financial expenses showed a significant decrease, resulting in a gain of -¥134,338,883.99, a change of -195.44% due to substantial foreign exchange gains from the depreciation of the US dollar against the Brazilian real[11] - Investment income decreased by ¥249,740,501.09 or 56.35%, totaling ¥193,431,001.62, mainly due to reduced settlement gains from forward contracts in the Brazilian subsidiary[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 106,897, with the largest shareholder holding 26.30% of the shares[12] - The top ten shareholders collectively hold significant stakes, with the largest shareholder, Shanghai Pengxin Agricultural Investment (Group) Co., Ltd., owning 1,676,588,988 shares[12] Other Information - The company has not reported any new strategies or product developments during this period[11] - Research and development expenses for the current period were ¥1,670,040.42, compared to ¥1,000,070.78 in the previous period, indicating a growth of approximately 67.0%[25] - The company reported a significant increase in other comprehensive income, totaling 194,855,825.67 compared to a loss of 217,086,604.41 in the previous period[28] - The first quarter report of Pengdu Agricultural and Animal Husbandry Co., Ltd. has not been audited[39]