Financial Performance - The company's operating revenue for Q1 2021 was ¥1,257,861,446.80, representing a 104.11% increase compared to ¥616,265,336.25 in the same period last year[8]. - The net profit attributable to shareholders decreased by 71.76% to ¥19,314,569.43 from ¥68,395,371.24 year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 250.36% to ¥120,801,538.77 from ¥34,479,564.77 in the previous year[8]. - The basic earnings per share dropped by 81.25% to ¥0.03 from ¥0.16 in the same period last year[8]. - The company reported a total profit for the quarter of CNY 30,602,621.90, significantly lower than CNY 99,198,353.85 in the same period last year, a decline of about 69.0%[50]. - The total comprehensive income for the quarter was CNY 16,467,812.90, down from CNY 98,234,934.22, reflecting a decrease of approximately 83.3%[51]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,942,110,503.87, a 12.75% increase from ¥6,156,989,203.56 at the end of the previous year[8]. - The company's total liabilities as of March 31, 2021, amounted to CNY 3,825,410,505.70, up from CNY 3,098,504,859.12 at the end of 2020, reflecting a growth of 23.4%[43]. - Non-current liabilities increased to CNY 1,566,600,349.85 from CNY 788,479,614.82, marking a rise of 98.7%[43]. - The company's non-current assets totaled CNY 4,227,689,027.55, an increase from CNY 3,595,704,575.04 at the end of 2020[41]. - The company's total current assets amounted to CNY 2,561,284,628.52, an increase from CNY 2,536,173,334.76, an increase of CNY 25,111,293.76[65]. Cash Flow - The net cash flow from operating activities was negative at -¥257,500,350.11, compared to -¥209,404,975.40 in the previous year[8]. - The total cash outflow from investing activities was 499,460,697.46 CNY, resulting in a net cash flow from investing activities of -432,217,299.09 CNY, a significant decrease from the previous year's net inflow of 33,940,149.19 CNY[58]. - The net cash flow from financing activities was 384,019,733.17 CNY, down from 609,074,951.38 CNY in the same period last year, reflecting a reduction in financing inflows[59]. - The company experienced a net decrease in cash and cash equivalents of -305,697,916.03 CNY in Q1 2021, contrasting with an increase of 433,610,125.17 CNY in Q1 2020[59]. Shareholder Information - The total number of shareholders at the end of the reporting period was 65,661[12]. - The largest shareholder, Guangzhou Bay Area Jin Nong Investment Partnership, held 36.28% of the shares, totaling 250,699,507 shares[12]. Operational Highlights - Operating revenue increased by 104.11% compared to the same period last year, mainly due to an increase in the scope of consolidation and sales volume of live pigs[18]. - Operating costs rose by 100.82% year-on-year, attributed to the same factors as revenue growth[18]. - Research and development expenses increased by 113.35% year-on-year, reflecting a significant increase in R&D investment[18]. - The company reported a loss of -¥100,052,512.97 from its pig hedging business during the reporting period[9]. Investment and Financing Activities - The company raised CNY 640,741,175.27 through a private placement of 128,499,507 shares, which will be used for pig farming projects and to supplement working capital[31]. - The company has invested CNY 16,338,200.00 in the construction of a pig breeding project and CNY 19,524,200.00 in a pig farming project, both expected to be operational by June 30, 2021[31]. - The company reported a total of 25,362.57 million CNY in derivative investments, with a net investment amount of 3,928.53 million CNY at the end of the reporting period[29]. Risk Management - The company has outlined risk control measures for its hedging operations, including strict control of futures and options positions[29]. - The company has established a futures decision-making group to manage its hedging activities, ensuring compliance with internal controls and risk management measures[30].

Revenue and Financial Performance - The company's operating revenue for 2020 was CNY 4,069,241,396.79, representing a 69.55% increase compared to CNY 2,400,007,144.16 in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 132,249,279.70, a decrease of 5.89% from CNY 140,531,369.06 in 2019[21]. - The net profit after deducting non-recurring gains and losses was CNY 87,929,034.28, showing a significant increase of 296.34% from CNY 22,185,153.92 in 2019[21]. - The net cash flow from operating activities for 2020 was CNY 360,427,989.53, up 66.11% from CNY 216,981,689.27 in 2019[21]. - Total assets at the end of 2020 reached CNY 6,156,989,203.56, an increase of 48.11% from CNY 4,157,139,623.55 at the end of 2019[21]. - The net assets attributable to shareholders at the end of 2020 were CNY 2,644,382,803.57, a growth of 44.06% compared to CNY 1,835,629,874.10 at the end of 2019[21]. - The company reported a basic earnings per share of CNY 0.24 for 2020, down 11.11% from CNY 0.27 in 2019[21]. - The company experienced a significant increase in government subsidies, with CNY 54,551,100.41 received in 2020 compared to CNY 28,773,910.06 in 2019[27]. - The company reported a total of CNY 44,320,245.42 in non-recurring gains for 2020, compared to CNY 118,346,215.14 in 2019[27]. Pig Farming Operations - The company's revenue from pig farming has increased significantly, becoming a core business with a growing revenue share[7]. - The company sold 803,600 pigs during the reporting period, including 43,700 pigs from entrusted sales, representing a year-on-year growth of 104.11%[35]. - The sales revenue from the pig farming business reached CNY 2,169.99 million, a year-on-year increase of 198.61%[35]. - The company has a current pig farming capacity of approximately 1.8 million heads and is building or planning an additional capacity of 3.6 million heads[34]. - The company aims to achieve its "Four Good" breeding goals through a strategy focused on "scale, standardization, ecology, and intelligence" in pig farming[42]. - The company has established a comprehensive breeding system and has two national-level core breeding enterprises, enhancing its competitive edge in the industry[44]. - The company is focusing on a five-year strategic plan (2020-2024) centered on pig farming, with ongoing projects expected to increase production capacity and sales[35]. Feed and Animal Health Business - The company has expanded its main business to include pig feed research, production, sales, and other related services through investments and acquisitions[19]. - The company sold 629,800 tons of feed, including 172,800 tons of internal sales, a year-on-year increase of 5.18%[36]. - The feed sales revenue was CNY 1,561.18 million, a year-on-year increase of 12.34%[36]. - The animal health subsidiary achieved sales revenue of CNY 105.41 million, a year-on-year increase of 8.83%[36]. - The company has a strong brand reputation in the high-end pig feed market, particularly with its "Chengnong" brand, which is well-regarded among large-scale pig farms[43]. Risk Management and Biosecurity - The company has implemented strict biosecurity measures to combat the African swine fever epidemic, which has severely impacted the pig farming industry since August 2018[6]. - The company has established a comprehensive biosecurity system to safeguard its operations against potential animal disease outbreaks[6]. - The company is exploring pig futures trading to mitigate risks associated with price fluctuations in the pig farming sector[7]. - The company faces risks from the cyclical nature of pig prices, which can lead to significant fluctuations in gross margins[7]. - The company is closely monitoring the supply and demand trends of feed raw materials to enhance its forecasting capabilities[9]. Investment and Financial Strategy - The company has made significant equity investments in new ventures, including ¥26,000,000 in Jiangxi Jinyong Food Co., Ltd. and ¥195,000,000 in Guangdong Tianzhong Animal Husbandry Co., Ltd.[92]. - The company has committed to ensuring the independence of its financial and operational structures, including independent financial decision-making and tax compliance[149]. - The company aims to expand its financing channels to support growth and align with the interests of all shareholders[180]. - The company has a flexible financing strategy, utilizing loans with no collateral requirements, which helps reduce financing costs and risks[180]. - The company plans to issue non-public corporate bonds with guarantees from its controlling shareholder, although the issuance has not yet been implemented[181]. Corporate Governance and Compliance - The company has established a performance reward system for its management team, with 30% of the determined performance linked to their incentives[151]. - The company will ensure that any future equity incentive policies are aligned with the company's performance recovery measures[154]. - The company has not faced any penalties or rectification issues during the reporting period[167]. - The company has not undergone any bankruptcy reorganization during the reporting period[165]. - The company reported no significant changes in its operational structure or major contracts during the reporting period, maintaining stability[183][184][185]. Future Outlook and Strategic Goals - For 2021, the company aims to sell 1 million tons of feed and 1.5 million heads of pigs, projecting a revenue of 7 billion yuan[125]. - The company plans to establish a standardized, scaled, intelligent, and ecological breeding model, focusing on four key regions: Northeast, Central China, South China, and East China[123]. - The company will implement the "Ark Plan" to reduce production and management costs, aiming to enhance efficiency and lower breeding costs[127]. - The company is actively involved in the production and sale of organic fertilizers and microbial fertilizers, contributing to its overall business strategy[178]. - The company is committed to expanding its breeding scale through a self-breeding model as part of its five-year strategic plan[177].

证券代码：002548 证券简称：金新农 公告编号：2020-180 债券代码：128036 债券简称：金农转债 深圳市金新农科技股份有限公司 关于参加 2020 深圳辖区"诚实守信，做受尊重的上市公 司"上市公司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内容的真实、准确和完整，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工作，深圳市金新农科技股份有限公司 （以下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共 同举办的"诚实守信 做受尊重的上市公司" 2020 深圳辖区上市公司投资者 网上集体接待日活动，现将有关事项公告如下： 本次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 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为 2020 年 12 月 8 日 9:00 至 17:00。 届时公司的董事会秘书、副总经理翟卫兵先生及财务负责人钱子龙先生将通 过网络文字交流形式与投资者进行沟通。欢迎广大投资者积极 ...

Financial Performance - Net profit attributable to shareholders surged by 692.16% to CNY 140,061,920.65 for the current period[8] - Operating revenue rose by 78.22% to CNY 1,017,336,767.12 for the current period[8] - Basic earnings per share increased by 525.00% to CNY 0.25 for the current period[8] - Net profit increased by 225.69% compared to the beginning of the period, mainly due to the company's profitability[17] - The net profit for the quarter was CNY 166,710,994.31, a substantial rise from CNY 25,651,034.73 in the same period last year[50] - The net profit attributable to the parent company is 325,287,420.29, up from 34,967,890.18, showing a substantial increase[59] - The total comprehensive income for the current period is 396,923,843.08, compared to 60,576,768.97 in the previous period, marking a notable increase[60] - The net profit for the current period was a loss of ¥84,893,744.64, compared to a loss of ¥53,809,710.29 in the previous period, indicating a deterioration in profitability[63] Assets and Liabilities - Total assets increased by 37.12% to CNY 5,700,307,021.39 compared to the end of the previous year[8] - The company's total liabilities amounted to CNY 3,137,246,117.11, up from CNY 2,106,658,118.14, which is an increase of approximately 48.83%[42] - The equity attributable to shareholders increased to CNY 2,168,441,707.29 from CNY 1,835,629,874.10, showing a growth of about 18.16%[43] - The total assets increased to CNY 4,997,844,362.87 from CNY 4,000,953,891.95[46] - Total liabilities rose to CNY 3,228,034,208.92, up from CNY 2,153,906,612.43 in the previous year[46] - The company's equity decreased to CNY 1,769,810,153.95 from CNY 1,847,047,279.52[46] - The total assets of the company stood at 4,157,139,623.55 CNY, unchanged from the previous reporting period[75] - The total liabilities amounted to 1,814,704,843.57 CNY, reflecting a slight increase from 1,817,833,210.93 CNY[76] Cash Flow - The net cash flow from operating activities was negative at CNY -87,307,224.76, a decline of 945.69% compared to the previous period[8] - Cash and cash equivalents increased by 84.20% compared to the beginning of the period, mainly due to the company's profits and increased loans[16] - The total cash flow from operating activities was negative at ¥227,671,721.83, contrasting with a positive cash flow of ¥173,394,307.05 in the previous period[67] - Cash flow from investing activities showed a net outflow of ¥471,717,710.93, compared to a net outflow of ¥306,548,101.99 previously, indicating increased investment expenditures[68] - Cash flow from financing activities generated a net inflow of ¥994,372,157.79, a significant improvement from a net outflow of ¥17,790,586.76 in the previous period[68] - The total cash and cash equivalents at the end of the period increased to 548,048,151.06 CNY from 220,518,629.17 CNY year-over-year[72] Shareholder Information - The total number of shareholders at the end of the reporting period was 56,584[12] - The largest shareholder, Guangzhou Bay Area Jinong Investment Partnership, holds 21.72% of the shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 45,224,905.84 during the reporting period[9] - Other income increased by 360.43% year-on-year, mainly due to an increase in government subsidies received[18] - The company reported a total of CNY 16,579,361.55 in other income, up from CNY 3,532,389.32 in the prior year[49] Expenses - Management expenses increased by 74.88% year-on-year, mainly due to higher salary levels and the implementation of a restricted stock incentive plan[18] - Financial expenses increased to 73,654,971.66 from 44,085,245.80, which is an increase of approximately 67.3%[58] - The company experienced a significant increase in management expenses, which rose to 276,655,075.15 from 158,195,833.75, reflecting a growth of about 74.8%[58] Investment Activities - The company reported a derivative investment of 470.11 million yuan, with a net asset value of 188.85 million yuan at the end of the reporting period[30] - The company has established a dedicated futures operation team and monitoring team to control risks associated with derivative investments[31] - The company’s hedging activities are aimed at mitigating the risks associated with fluctuations in feed raw material prices, effectively utilizing the futures market[31] - The company has not engaged in any securities investments during the reporting period[28] - The company reported an investment loss of -4,223,235.34, a decrease from -18,269,387.60 in the previous period, indicating an improvement in investment performance[58] - The investment income for the current period was ¥1,801,663.80, a recovery from a loss of ¥10,175,556.63 in the previous period, suggesting improved performance in investments[61] Research and Development - Research and development expenses for the quarter were CNY 17,446,200.75, compared to CNY 10,967,073.36 in the previous year[49] - Research and development expenses rose to 3,061,793.29 from 2,474,921.46, reflecting an increase of about 23.6%[53] - Research and development expenses were ¥8,373,719.18, slightly down from ¥8,494,956.11, indicating stable investment in innovation[61] Regulatory and Compliance - The company received approval from the China Securities Regulatory Commission for its non-public offering of shares on October 10, 2020[26] - The company has implemented strict internal controls and risk prevention measures for its hedging operations[31] - The company has not reported any significant changes in accounting policies related to derivative investments compared to the previous reporting period[31] - The company has not disclosed any major contracts or entrusted financial management during the reporting period[32] - The company has not undergone an audit for the third quarter report[82]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,363,092,015.72, representing a 7.72% increase compared to CNY 1,265,434,194.58 in the same period last year[17]. - The net profit attributable to shareholders of the listed company reached CNY 185,225,499.64, a significant increase of 971.48% from CNY 17,286,896.10 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 150,364,899.04, up 7,978.68% from CNY 1,861,254.81 in the same period last year[17]. - The basic earnings per share increased to CNY 0.33, a rise of 725.00% compared to CNY 0.04 in the previous year[17]. - The total assets at the end of the reporting period were CNY 4,900,742,087.26, reflecting a 17.89% increase from CNY 4,157,139,623.55 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were CNY 2,016,092,298.01, which is a 9.83% increase from CNY 1,835,629,874.10 at the end of the previous year[17]. - The company achieved operating revenue of 1,363.09 million CNY, a year-on-year increase of 7.72%[28]. - The net profit attributable to the parent company was 185.23 million CNY, representing a significant year-on-year growth of 971.48%[28]. - The company reported a significant increase in return on equity, with a weighted average net asset return rate of 8.79%, up 7.33 percentage points from 1.46% in the previous year[17]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 140,364,497.07, a decline of 186.08% compared to a positive CNY 163,070,481.33 in the same period last year[17]. - The company’s cash and cash equivalents increased by 75.61% compared to the beginning of the period, mainly due to increased profits and loans[29]. - The company’s cash and cash equivalents increased by 219.60% to CNY 348,318,008.41, primarily due to increased profitability and additional borrowings[40]. - Cash and cash equivalents at the end of the period totaled 759,998,450.49 CNY, a significant increase from 124,802,483.93 CNY at the end of the previous period[181]. - The total cash inflow from operating activities was 2,339,268,166.96 CNY, compared to 2,017,980,838.08 CNY in the prior year, indicating growth in operational revenue[183]. Operational Highlights - The average selling price of live pigs increased by 195.63% compared to the same period last year, driven by tight market supply due to African swine fever[28]. - The company sold 263,400 tons of feed, a decrease of 18.63% year-on-year, with feed sales revenue of 653.71 million CNY, down 17.45%[35]. - The livestock farming segment reported a significant revenue of CNY 500,941,333.85, up 51.85% compared to the previous year, driven by increased market prices due to supply shortages[45]. - The company sold 175,000 pigs during the reporting period, generating sales revenue of CNY 50,094.13 million, a year-on-year growth of 51.85%[36]. - The company is expanding its breeding operations through a "light asset" model, leasing existing pig farms for rapid scale-up[27]. Investment and R&D - The company is enhancing its research and development capabilities to produce high-quality, cost-effective antibiotic-free feed products[35]. - Research and development expenses increased by 4.81% to CNY 24,589,333.61, indicating ongoing investment in innovation[40]. - The company made significant equity investments totaling ¥323,000,000.00 during the reporting period, with a focus on agricultural and livestock sectors[54]. - The company has completed the investment projects funded by convertible bonds, which are expected to enhance profitability[153]. Risks and Challenges - The company faces significant risks from animal diseases, particularly African swine fever, which has adversely affected the pig farming industry since August 2018[77]. - Fluctuations in pig prices pose a risk to the company's profitability, as significant price drops could lead to losses if sales prices fall below production costs[77]. - The company faces risks from raw material price fluctuations, particularly for feed products like corn and soybean meal, which are influenced by various domestic and international factors[78]. Corporate Governance and Structure - The company has established several new subsidiaries during the reporting period, with net profit impacts of -830,150 yuan and -130,530 yuan from two of them[73]. - The company has undergone changes in its board and management, with new appointments aimed at strengthening governance and operational efficiency[157]. - The company has implemented an employee stock ownership plan, with 19,000,000 shares sold by April 30, 2020[91]. - The company approved a restricted stock incentive plan on February 28, 2020, with independent directors expressing clear agreement[92]. Financial Strategy and Guarantees - The company reported a total external guarantee amount approved during the reporting period of CNY 20,000 million, with actual guarantees amounting to CNY 7,590 million[112]. - The company has a history of providing guarantees for its subsidiaries, with various amounts and terms documented from 2018 to 2019[112]. - The company’s financial strategy includes maintaining a significant level of guarantees to support its subsidiaries' operations and growth[112]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,207[137]. - The largest shareholder, Guangzhou Bay Area Jin Nong Investment Partnership, held 21.73% of the shares, totaling 122,200,000 shares[137]. - The total number of shares held by the top ten unrestricted shareholders includes 122,200,000 shares held by the largest shareholder, Guangzhou Bay Area Jin Nong Investment Partnership[139].

Financial Performance - The company's revenue for Q1 2020 was ¥616,265,336.25, representing a 2.49% increase compared to ¥601,294,893.98 in the same period last year[8]. - Net profit attributable to shareholders was ¥68,395,371.24, a significant recovery from a loss of ¥10,972,034.25 in the previous year[8]. - The basic earnings per share increased to ¥0.16 from a loss of ¥0.03 in the same period last year[8]. - Net profit for Q1 2020 was CNY 98,234,934.22, a significant recovery from a net loss of CNY 5,190,112.35 in the same period last year[45]. - The net profit for the first quarter of 2020 was -9,377,969.79 yuan, compared to -29,898,617.11 yuan in the same period last year, showing an improvement[49]. - The company reported a total comprehensive income of -9,377,969.79 yuan, improving from -29,898,617.11 yuan in the same period last year[50]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,786,016,608.44, reflecting a 15.13% increase from ¥4,157,139,623.55 at the end of the previous year[8]. - The total assets of the company as of December 31, 2019, were 4,157,139,623.55 CNY, with total liabilities amounting to 2,106,658,118.14 CNY[60]. - Total liabilities increased to CNY 2,592,130,652.52 from CNY 2,153,906,612.43, indicating a rise in financial obligations[41]. - The company reported a significant increase in short-term borrowings, which rose to CNY 1,205,380,624.95 from CNY 750,143,353.77, reflecting a growth of approximately 60.7%[36]. - The total liabilities increased to CNY 2,568,072,532.35 from CNY 2,106,658,118.14, indicating a growth of about 22%[37]. Shareholder Information - The total number of shareholders at the end of the reporting period was 41,699[12]. - The largest shareholder, Guangzhou Bay Area Jinong Investment Partnership, holds 21.72% of the shares, totaling 94,000,000 shares[12]. - The total equity attributable to shareholders increased to CNY 1,903,672,629.13 from CNY 1,835,629,874.10, marking a growth of about 3.7%[38]. - Total equity decreased slightly to CNY 1,837,238,096.04 from CNY 1,847,047,279.52, reflecting a minor reduction in shareholder value[41]. Cash Flow - The net cash flow from operating activities was negative at -¥209,404,975.40, worsening from -¥56,415,063.85 in the same period last year[8]. - The cash flow from investment activities generated a net inflow of 33,940,149.19 yuan, compared to a net outflow of -138,417,666.71 yuan in the same period last year[54]. - The cash flow from financing activities resulted in a net inflow of 609,074,951.38 yuan, significantly higher than 39,238,638.26 yuan in the previous year[54]. - The net cash flow from financing activities was 114,562,613.60 CNY in Q1 2020, compared to 47,874,863.94 CNY in Q1 2019, reflecting a positive trend[56]. Government Support and Subsidies - The company received government subsidies amounting to ¥26,590,312.91 during the reporting period[9]. - Other income increased by 741.58% compared to the same period last year, primarily due to an increase in government subsidies received[18]. Future Plans and Strategies - The company plans to issue up to 120,824,810 shares at a price of 6.62 yuan per share, aiming to raise no more than 799.86 million yuan[20]. - The company intends to grant 13.55 million shares of restricted stock as part of its incentive plan, with 12.79 million shares to be granted initially[21]. - The company is focusing on expanding its market presence and developing new technologies to enhance its competitive edge in the industry[36]. - The company plans to continue focusing on cost management and operational efficiency to sustain profitability in future quarters[45]. Accounting Standards - The company has implemented new revenue and leasing standards starting from January 1, 2020, which may impact future financial reporting[57]. - The company has not reported any adjustments to its financial statements related to the new accounting standards, indicating compliance with the regulations[61].

Financial Performance - The company's operating revenue for 2019 was ¥2,400,007,144.16, a decrease of 14.30% compared to ¥2,800,624,074.89 in 2018[22]. - The net profit attributable to shareholders was ¥140,531,369.06, a significant recovery from a loss of ¥287,177,994.02 in 2018[22]. - The net cash flow from operating activities increased by 521.21% to ¥216,981,689.27 from ¥34,928,705.57 in the previous year[23]. - The basic earnings per share improved to ¥0.34 from a loss of ¥0.75 in 2018[23]. - The total assets at the end of 2019 were ¥4,157,139,623.55, reflecting a 2.54% increase from ¥4,054,351,050.37 in 2018[23]. - The net assets attributable to shareholders increased by 42.05% to ¥1,835,629,874.10 from ¥1,292,246,613.59 in 2018[23]. - The company achieved operating revenue of CNY 2,400 million, a year-on-year decrease of 14.30%[36]. - The net profit attributable to the parent company was CNY 140.53 million, influenced by the sale of a 25% stake in a subsidiary, contributing CNY 92.90 million to net profit[36]. - The company reported a gross margin of 29.48% for the livestock breeding segment, an increase of 21.46% compared to the previous year[55]. - The company reported a profit for the reporting period, with a net profit attributable to ordinary shareholders of CNY 38,144,013.60[124]. Business Operations - The company underwent significant changes in its main business operations, expanding from pig feed production to include animal health and investment management services[21]. - The company plans to focus on pig farming, emphasizing self-built farms and third-party leasing to expand operations rapidly[34]. - The company is committed to adhering to national policies aimed at promoting standardized and modernized livestock production[11]. - The company is focusing on the transition from smallholder farming to large-scale farming in the pig industry, which is currently experiencing a shift due to the impact of African swine fever[102]. - The company has established a comprehensive breeding system and is committed to enhancing biosecurity measures against African swine fever[38]. - The company is committed to becoming a comprehensive service provider for large-scale pig farming enterprises, enhancing customer loyalty through improved service capabilities[44]. - The company is integrating its resources to expand its market presence, particularly in the animal health sector and digital services[112]. Market Challenges - The company reported a significant impact from the African swine fever outbreak, leading to a noticeable decline in pig inventory from 2018 to 2019[5]. - The company faces risks from price fluctuations in raw materials such as corn and soybean meal, which can adversely affect its feed business performance[9]. - The company’s livestock business is vulnerable to natural disasters, which can lead to significant losses in inventory and operational performance[6]. - The company’s profitability is subject to cyclical fluctuations in pig prices, which can impact gross margins and overall financial performance[8]. - The company aims to balance the impact of cyclical fluctuations in pig prices by diversifying its business into feed, veterinary, and telecom value-added services[115]. Research and Development - The company has made significant advancements in research and development, particularly in the development of antibiotic-free feed products, positioning itself favorably in the market[45]. - The company is focusing on research and development of new products, especially in biological feed, to enhance overall operational efficiency[111]. - Research and development (R&D) investment for the year is ¥47,293,386.07, which is 1.97% of operating revenue[65]. - Investment in R&D increased by 25% year-over-year, focusing on innovative agricultural technologies and sustainable practices[145]. Strategic Plans - The company plans to implement a five-year strategic development plan (2020-2024) to enhance operational efficiency and adapt to market changes[50]. - The company aims to achieve an annual pig output of 5.6 million heads and feed sales of 3 million tons by 2024 as part of its five-year strategic plan[106]. - The company plans to sell 700,000 tons of feed and 800,000 heads of pigs in 2020, with an expected revenue of 3.7 billion yuan[108]. - The company is focusing on a "four modernization" breeding model: standardization, scale, intelligence, and ecology[110]. Environmental and Regulatory Compliance - The company has implemented comprehensive upgrades to its environmental protection facilities, achieving compliance with national wastewater discharge standards[162]. - The company has faced a total of 1,128.35 million yuan in lawsuits related to accounts receivable and compensation, with ongoing litigation[161]. - The company has actively cooperated with environmental authorities to rectify violations and reduce wastewater generation[163]. - The company has incurred a total fine of 1.14 million yuan due to environmental violations at its subsidiary Huizhou Sangzi Lake, and has initiated corrective actions[194]. Shareholder and Capital Management - The company plans to distribute a cash dividend of 0.20 CNY per 10 shares (including tax) and to increase capital by converting 3 shares for every 10 shares held[12]. - A cash dividend of CNY 0.20 per 10 shares (including tax) was proposed, with a total cash dividend amount of CNY 8,385,196.96[124]. - The company is in a growth phase and has significant capital expenditure plans, which influenced the dividend distribution strategy[124]. - The company has committed to maintaining the independence of its management and financial operations[126]. Related Party Transactions - The company has no significant related party transactions during the reporting period[172]. - The company has confirmed that the pricing of related transactions is based on market principles[166]. - The company has received interest-free loans from related parties totaling 36 million yuan, which will be used to temporarily supplement working capital[171]. - The company has provided guarantees to downstream distributors and farms, with a total guarantee amount of 50 million yuan and 20 million yuan for different contracts[178]. Future Outlook - The company provided a future outlook projecting a revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[146]. - The company aims to launch three new products in the upcoming year, which are anticipated to contribute an additional 200 million RMB in revenue[145]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[144].

Financial Performance - Operating revenue for the reporting period was approximately CNY 570.84 million, down 23.25% year-on-year[8]. - Net profit attributable to shareholders was approximately CNY 17.68 million, an increase of 195.96% year-on-year[8]. - Basic earnings per share increased by 183.81% to CNY 0.0409[8]. - The company reported a significant increase in net profit excluding non-recurring gains and losses, which rose by 216.60% to approximately CNY 27.11 million[8]. - Net profit increased by 1,366.89% compared to the beginning of the period, primarily due to profitability and adjustments related to the new financial instruments standards[19]. - The company reported a net profit of ¥44,145,780.31 compared to a loss of ¥3,484,567.94 in the previous period[42]. - Net profit for Q3 2019 reached CNY 25,651,034.73, compared to a net loss of CNY 14,039,233.31 in Q3 2018[50]. - The company reported a comprehensive income total of CNY 60,576,768.97, recovering from a loss of CNY 41,989,088.41 in the same period last year[59]. - The company reported a total profit of -59,232,558.12 CNY for the quarter, compared to a profit of 17,150,043.65 CNY in the previous year[62]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 4.02 billion, a decrease of 0.75% compared to the end of the previous year[8]. - Total current assets decreased to ¥1,191,997,001.66 from ¥1,367,827,266.09, a decline of approximately 12.8%[40]. - Total non-current assets rose to ¥2,831,911,052.31 from ¥2,686,523,784.28, an increase of about 5.4%[40]. - Total liabilities decreased to ¥2,098,965,571.88 from ¥2,554,448,759.93, a reduction of approximately 17.8%[41]. - Total equity increased to ¥1,924,942,482.09 from ¥1,499,902,290.44, representing a growth of about 28.4%[42]. - The total assets as of Q3 2019 were CNY 3,918,587,455.85, slightly up from CNY 3,866,364,913.21 year-on-year[47]. - Total liabilities as of Q3 2019 amounted to CNY 2,118,220,176.09, a decrease from CNY 2,412,644,851.93 in the previous year[47]. - The total owner's equity reached CNY 1,499,902,290.44, reflecting an increase of CNY 12,662,458.07 from the prior period[76]. Cash Flow - Net cash flow from operating activities was approximately CNY 10.32 million, up 119.90% year-on-year[8]. - Cash paid for operating activities decreased by 59.80% year-on-year, mainly due to larger restricted cash payments in the previous year[22]. - Cash received from investment income decreased by 100% year-on-year, primarily due to cash received from the disposal of equity interests in the previous year[22]. - The net cash flow from operating activities for Q3 2019 was ¥165.41 million, a significant improvement from a net outflow of ¥95.74 million in the same period last year[70]. - The net cash flow from financing activities was -¥12.03 million, contrasting with a positive net inflow of ¥721.06 million in Q3 2018[71]. Shareholder Information - The company has a total of 37,293 shareholders at the end of the reporting period[12]. - The largest shareholder, Guangzhou Bay Area Jinong Investment Partnership, holds 21.72% of the shares[12]. Government Support - The company received government subsidies amounting to approximately CNY 18.45 million during the reporting period[9]. - Deferred income increased by 95.78% compared to the beginning of the period, mainly due to an increase in government subsidies[18]. Operational Efficiency - Sales expenses decreased by 32.47% compared to the same period last year, mainly due to organizational optimization and staff reduction[20]. - Other income increased by 60.43% compared to the same period last year, mainly due to an increase in government subsidies received[20]. - Research and development expenses for Q3 2019 were CNY 10,967,073.36, down from CNY 13,886,790.57 in the same period last year[49].

证券代码：002548 证券简称：金新农 公告编号：2019-114 债券代码：128036 债券简称：金农转债 深圳市金新农科技股份有限公司 关于参加 2019 年深圳上市公司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内容的真实、准确和完整，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工作，深圳市金新农科技股份有限公司 （以下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共 同举办的"改革创新发展 沟通互信共赢"——深圳辖区上市公司 2019 年度投资 者网上集体接待日主题活动，现将有关事项公告如下： 本次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 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为 2019 年 9 月 3 日 14:00 至 18:00。 届时公司的副总经理、董事会秘书翟卫兵先生、财务总监钱子龙先生及公司 证券部同事将通过网络文字交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 ...

深圳市金新农科技股份有限公司 2019 年半年度报告全文 深圳市金新农科技股份有限公司 2019 年半年度报告 股票代码：002548 股票简称：金新农 债券代码：128036 债券简称：金农转债 2019 年 08 月 1 深圳市金新农科技股份有限公司 2019 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人陈俊海、主管会计工作负责人钱子龙及会计机构负责人(会计主 管人员)李稳声明：保证本半年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次半年报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 孔英 | 独立董事 | 因公出差 | 李斌 | | 李雪 | 董事 | 身体不适 | 王坚能 | 本报告中如有涉及未来计划、发展战略、业绩预测等前瞻性陈述，均不构 成公司对投资者的实质承诺，投资者及相关人士均应对 ...