Financial Performance - The company's operating revenue for Q1 2019 was CNY 1,517,044,766.80, representing a 20.68% increase compared to CNY 1,257,031,056.90 in the same period last year[8] - The net profit attributable to shareholders was CNY 40,140,929.11, a decrease of 46.22% from CNY 74,636,785.85 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 34,121,217.91, down 48.06% from CNY 65,688,675.62 in the previous year[8] - Basic and diluted earnings per share were both CNY 0.03, down 50.00% from CNY 0.060 in the previous year[8] - Operating profit decreased to ¥42,030,729.01 from ¥92,116,006.38, representing a decline of 54.4%[48] - Net profit for the current period was ¥39,423,765.61, down 48.6% from ¥76,569,790.11 in the previous period[48] Cash Flow - The net cash flow from operating activities improved significantly to CNY 133,217,599.87, compared to a negative cash flow of CNY -453,034,011.37 in the same period last year, marking a 129.49% increase[8] - Cash inflow from operating activities totaled CNY 1,701,262,804.02, up from CNY 974,705,171.84 year-over-year[58] - Net cash flow from operating activities was CNY 133,217,599.87, a significant improvement from a negative CNY 453,034,011.37 in the previous period[60] - Cash outflow from investing activities was CNY 390,556,838.62, compared to CNY 947,358,147.82 in the prior period[62] - Net cash flow from investing activities was CNY 90,967,158.83, down from CNY 543,948,599.98 year-over-year[62] - Cash inflow from financing activities was CNY 148,000,000.00, compared to CNY 431,165,374.44 in the previous period[62] - Net cash flow from financing activities was negative CNY 105,894,500.64, contrasting with a positive CNY 146,934,774.44 in the prior period[62] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,129,539,512.24, a decrease of 2.94% from CNY 7,345,724,086.49 at the end of the previous year[8] - The total liabilities decreased from CNY 2,903,061,810.75 to CNY 2,647,453,470.89, representing a reduction of approximately 8.8%[36] - The total current liabilities decreased from CNY 2,982,523,616.66 to CNY 2,839,720,740.97, a reduction of approximately 4.8%[43] - The total non-current liabilities decreased from CNY 49,010,478.95 to CNY 47,508,283.63, reflecting a decline of about 3.1%[43] - Total current assets amounted to $3.94 billion as of January 1, 2019, with cash and cash equivalents at $872.22 million[69] Shareholder Equity - The net assets attributable to shareholders increased by 0.93% to CNY 4,335,619,659.38 from CNY 4,295,478,730.28 at the end of the previous year[8] - The total equity attributable to shareholders increased from CNY 4,295,478,730.28 to CNY 4,335,619,659.38, reflecting a growth of about 0.9%[38] - The retained earnings increased from CNY 2,553,671,832.56 to CNY 2,593,812,761.66, showing an increase of approximately 1.0%[38] Operating Costs and Expenses - Total operating costs rose to ¥1,491,248,856.13, a 23.7% increase from ¥1,206,180,112.42[46] - Research and development expenses increased to ¥38,336,560.56, up 11.0% from ¥34,450,547.15[46] - Tax expenses decreased by 64.51% to 5,626,165.94 yuan, mainly due to a reduction in profits compared to the previous period[21] - Other income decreased by 42.48% to 6,198,464.53 yuan, mainly due to a decrease in government subsidies received[20] Financial Instruments and Standards - The company has implemented new financial instrument standards, impacting the financial statements from January 1, 2019[69] - Other non-current financial assets increased by 100% to 3,804,242.00 yuan, due to the reclassification of assets under new financial instrument standards[19]

Financial Performance - The company's operating revenue for 2018 was approximately ¥5.69 billion, an increase of 8.07% compared to ¥5.26 billion in 2017[23]. - The net profit attributable to shareholders decreased by 29.23% to approximately ¥191.87 million from ¥271.13 million in 2017[23]. - The net cash flow from operating activities was negative at approximately -¥317.98 million, a decline of 227.79% compared to ¥248.83 million in 2017[23]. - Basic earnings per share decreased by 26.09% to ¥0.17 from ¥0.23 in the previous year[23]. - The total assets at the end of 2018 were approximately ¥7.35 billion, a slight decrease of 0.27% from ¥7.37 billion at the end of 2017[23]. - The net assets attributable to shareholders increased by 3.16% to approximately ¥4.30 billion from ¥4.16 billion in 2017[23]. - The company achieved total revenue of ¥5,693.18 million in 2018, representing a year-on-year growth of 8.05%[51]. - The total cost of operations increased to ¥5,568.24 million, a year-on-year increase of 9.83%, leading to a decrease in operating profit by 29.40% to ¥210.66 million[51]. Quarterly Performance - The company's total revenue for Q1 2018 was approximately CNY 1.26 billion, with a net profit attributable to shareholders of CNY 74.64 million[27]. - In Q2 2018, the revenue increased to approximately CNY 1.67 billion, with a net profit of CNY 93.76 million, marking a significant growth compared to Q1[27]. - The net profit attributable to shareholders in Q3 2018 dropped to CNY 28.13 million, and in Q4 2018, the company reported a net loss of CNY 4.66 million[27]. - The company's operating cash flow showed a negative net amount of CNY 453.03 million in Q1, but improved to CNY 553.59 million in Q3 before declining again to CNY -420.25 million in Q4[27]. Research and Development - The company plans to enhance investment in product research and development, as well as agricultural services, to adapt to changing planting models in the future[34]. - The company undertook three national key R&D projects and five provincial major technology projects to enhance its product development capabilities[49]. - The company has developed a diverse range of products, including high tower compound fertilizers, water-soluble fertilizers, and organic-inorganic fertilizers, to meet various regional and seasonal needs[40]. - The company holds 263 patents and has been recognized for its innovative products, including six new fertilizers designated as "national key new products" by various government departments[40]. Market and Competition - The fertilizer industry is facing challenges such as price volatility of raw materials and a shift towards environmentally friendly products, which may create opportunities for the company[34]. - The company is facing increased competition between compound fertilizers and single fertilizers, with farmers more likely to choose lower-cost options due to reduced planting returns[80]. - The compound fertilizer industry is experiencing a dual competitive landscape between large-scale enterprises and small to medium-sized enterprises, leading to a low industry concentration and overcapacity[81]. - The industry is expected to continue consolidating, with large enterprises forming platforms to offer integrated planting solutions[82]. Environmental Compliance - The company operates as a key pollutant discharge unit, with emissions of dust at 21 mg/m³ and 22.1 mg/m³ in different workshops, both below the standard limit of 120 mg/m³[157]. - The company has implemented various pollution control facilities, including bag dust collectors and desulfurization systems, which are operating normally[161]. - The company’s nitrogen oxide emissions from a 35T boiler were recorded at 12.8 mg/m³, well below the limit of 100 mg/m³, with a total annual emission of 4.63 tons[161]. - The company has received environmental approval for multiple projects, including a new compound fertilizer production line with an annual capacity of 280,000 tons[162]. Shareholder Information - The company proposed a cash dividend of CNY 0.50 per 10 shares for the 2017 fiscal year, totaling CNY 57,844,200.00, with a payout ratio of 21.33% of the net profit attributable to shareholders[95]. - For the 2018 fiscal year, the company plans to distribute a cash dividend of CNY 0.20 per 10 shares, amounting to CNY 23,137,680.00, with a payout ratio of 12.06% of the net profit attributable to shareholders[97]. - The cash dividends paid in the last three years were CNY 115,726,800.00 in 2016, CNY 57,844,200.00 in 2017, and CNY 23,137,680.00 in 2018[97]. - The company has committed to maintaining a minimum cash dividend ratio of 20% during profit distributions due to significant capital expenditures[98]. Corporate Governance - The company implemented a restricted stock incentive plan starting in 2014 to enhance its governance structure and attract key talent[117]. - The domestic accounting firm Ruihua CPA has been engaged for 12 consecutive years, with an audit fee of RMB 750,000[111]. - The company has not engaged in any related party transactions during the reporting period[13]. - The company has not faced any penalties or rectification issues during the reporting period[115]. Social Responsibility - The company donated 167,800 yuan for poverty alleviation in 2018, in response to the national poverty alleviation plan[153]. - The company invested a total of 16.78 million CNY in poverty alleviation efforts, with 6.78 million CNY specifically allocated for targeted poverty alleviation work and 10 million CNY for poverty relief public funds[155]. - The company has no further plans for targeted poverty alleviation[156].

Financial Performance - Operating revenue for the period reached CNY 1,362,918,637.77, representing a year-on-year growth of 21.22%[8] - Net profit attributable to shareholders decreased by 19.44% to CNY 28,132,733.44 compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses fell by 55.58% to CNY 15,621,228.06[8] - Basic earnings per share decreased by 33.33% to CNY 0.02[8] - The estimated net profit attributable to shareholders for 2018 is expected to decrease by 20.00% to 0.00% compared to the previous year, influenced by market conditions[20] Cash Flow - Cash flow from operating activities decreased by 24.15% to CNY 553,587,540.59[8] - Net cash flow from operating activities decreased by 58.70% compared to the previous period, primarily due to changes in the scope of consolidation[18] - Cash flow from financing activities decreased by 92.45% year-on-year, mainly due to the repayment of short-term loans[18] Assets and Liabilities - Total assets increased by 3.18% to CNY 7,599,782,335.34 compared to the end of the previous year[8] - Cash and cash equivalents increased by 129.20% to CNY 942,211,009.44 compared to the beginning of the year[16] - Accounts receivable increased by 120.54% to CNY 30,284,022.70 due to credit extended to quality customers[16] Income and Expenses - Commission and fee income decreased by 100% compared to the same period last year, primarily due to the absence of related commission business in the current period[17] - Non-operating income decreased by 47.08% year-on-year, mainly due to a reduction in government subsidies unrelated to daily operations[17] - Non-operating expenses increased by 171.19% compared to the previous year, primarily due to the scrapping of fixed assets related to technological upgrades[17] Asset Management - Asset impairment losses increased by 180.86% year-on-year, mainly due to higher bad debt provisions for joint ventures in the current period[17] - Asset disposal losses decreased by 1881.05% compared to the previous year, primarily due to losses from the sale of equipment following technological upgrades[17] - The total amount of entrusted financial management during the reporting period was 224,542.44 million, with no overdue amounts[24] Return on Investment - The weighted average return on net assets was 0.66%, down by 0.18% from the previous year[8]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 2,922,640,016.23, representing a 4.17% increase compared to CNY 2,805,523,129.37 in the same period last year[18]. - The net profit attributable to shareholders decreased by 17.60% to CNY 168,397,177.10 from CNY 204,357,061.72 year-on-year[18]. - Basic earnings per share fell by 16.67% to CNY 0.15 from CNY 0.18 in the same period last year[18]. - The company achieved total operating revenue of CNY 2,926,640,016.23, a year-on-year increase of 4.17%[41]. - Operating costs rose to CNY 2,379,687,818.82, reflecting a year-on-year increase of 7.85%[41]. - The net profit attributable to shareholders decreased by 17.6% to CNY 16,839,720,000[36]. - The company reported a net loss of 57,844,200.00 CNY attributed to owners during the period[179]. Cash Flow and Investments - The net cash flow from operating activities improved by 6.41%, reaching CNY -451,326,630.74 compared to CNY -482,238,708.97 in the previous year[18]. - The company reported a 506.95% increase in net cash flow from investing activities, totaling CNY 712,631,647.85, primarily due to the redemption of financial products[41]. - The cash and cash equivalents net increase was CNY 200,115,467.80, a 117.67% rise compared to the previous period[41]. - The cash flow from operating activities showed a net outflow of ¥451,326,630.74, slightly improved from a net outflow of ¥482,238,708.97 in the previous period[166]. - The net cash flow from investing activities increased significantly to 805,322,356.18 CNY from 224,083,709.66 CNY in the previous period, driven by a substantial inflow of 4,301,975,000.00 CNY related to investment activities[169]. Assets and Liabilities - Total assets decreased by 10.57% to CNY 6,587,245,858.68 from CNY 7,365,530,732.76 at the end of the previous year[18]. - The total liabilities decreased to ¥2,147,156,185.94 from ¥3,040,594,133.89, showing a reduction of about 29.4%[149]. - The company's total assets decreased to ¥6,587,245,858.68 from ¥7,365,530,732.76, a decline of approximately 10.5%[148]. - The total equity remained relatively stable with a slight decrease in share capital from ¥1,157,268,000.00 to ¥1,156,884,000.00[149]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[7]. - The total share capital of the company as of January 1, 2018, was 1,157,268,000 shares, which decreased to 1,156,884,000 shares after the repurchase and cancellation of 384,000 restricted shares[122]. - The company has held two shareholder meetings during the reporting period, with participation rates of 60.96% and 61.02% respectively[69]. - The largest shareholder, Gao Wenban, holds 22.86% of the shares, amounting to 264,518,800 shares, with 66,129,700 shares pledged[130]. Product Development and Market Presence - The company has a production capacity of 5.2 million tons, with a diverse product range including various types of fertilizers such as high tower compound fertilizers, water-soluble fertilizers, and organic fertilizers[26]. - The company has launched a series of high-end organic fertilizers, enhancing its product lineup to meet diverse market demands[27]. - The company has developed 255 patented technologies, enhancing its competitive edge in the fertilizer market[31]. - The company has established strategic partnerships with various agricultural research institutions to enhance its product development and market reach[31]. Environmental and Regulatory Compliance - The company emphasizes environmental protection and safety production, ensuring compliance with national and local standards without major issues during the reporting period[65]. - The company has implemented pollution prevention facilities in accordance with environmental regulations, ensuring normal operation during the reporting period[107]. - The company plans to dismantle a 15-ton coal-fired boiler by the end of October 2018 as part of its environmental upgrade efforts[112]. - The company is classified as a key pollutant discharge unit, with emissions of dust and sulfur dioxide reported within regulatory limits[105]. Risks and Challenges - The company highlighted risks including raw material price fluctuations and agricultural policy changes that could impact operations[6]. - The company anticipates a decline in net profit due to fluctuations in market conditions and raw material prices[63]. - The company will adjust its raw material procurement strategies in response to price fluctuations to mitigate risks[64]. Management and Governance - The company appointed a new vice president on April 20, 2018, indicating ongoing management changes[140]. - The semi-annual financial report was not audited, which may affect the reliability of the financial data presented[145]. - The company has fulfilled its commitments to minority shareholders on time[73]. Related Party Transactions - The company reported a related party transaction involving raw material procurement from Hubei Zhongfu Chemical Group, amounting to 1.5651 million yuan, which is 0.82% of the same type of transactions[94]. - The company recognized a bad debt provision of 10.5915 million yuan based on the aging of receivables[98].

Financial Performance - The company's operating revenue for Q1 2018 was ¥1,257,031,056.90, a decrease of 7.19% compared to ¥1,354,365,574.90 in the same period last year[8] - Net profit attributable to shareholders was ¥74,636,785.85, down 6.23% from ¥79,595,591.17 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥65,688,675.62, reflecting a decline of 10.53% from ¥73,423,321.62 in the previous year[8] - Basic and diluted earnings per share were both ¥0.06, down 14.29% from ¥0.07 in the previous year[8] - The estimated net profit attributable to shareholders for the first half of 2018 is expected to be between 16,348.57 and 20,435.71 million yuan, reflecting a decrease of up to 20% compared to the same period last year[20] - The decrease in net profit is attributed to market conditions and rising upstream raw material prices[20] Cash Flow - The net cash flow from operating activities improved to -¥453,034,011.37, a 15.11% increase compared to -¥533,687,409.82 in the same period last year[8] - Net cash flow from investing activities increased by 507.42% compared to the previous period, mainly due to the redemption of financial products[18] - Net cash flow from financing activities decreased by 66.51% compared to the previous period, primarily due to reduced new borrowings and repayments of short-term loans[18] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥7,124,056,497.80, a decrease of 3.28% from ¥7,365,530,732.76 at the end of the previous year[8] - The net assets attributable to shareholders increased by 1.79% to ¥4,238,340,284.20 from ¥4,163,703,498.35 at the end of the previous year[8] - The number of ordinary shareholders at the end of the reporting period was 50,137[11] - The top ten shareholders held a combined 73.12% of the company's shares, with the largest shareholder, Gao Wenban, holding 22.86%[11] Income and Expenses - Commission income decreased by 100% compared to the previous period, primarily due to the absence of related commission business[16] - Sales expenses decreased by 34.01% compared to the previous period, mainly due to a reduction in advertising expenses[16] - Financial expenses increased by 157.15% compared to the previous period, primarily due to increased interest payments on short-term loans[16] - Investment income increased by 170.22% compared to the previous period, mainly due to increased returns from matured financial products[16] - Other income increased by 112.40% compared to the previous period, primarily due to an increase in government subsidies received[16] Non-Recurring Gains - The company reported non-recurring gains of ¥8,948,110.23 during the reporting period[9] Commitments - There are no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[19]

Financial Performance - The company's operating revenue for 2017 was ¥5,261,742,971.63, a decrease of 15.53% compared to ¥6,228,880,646.68 in 2016[17] - The net profit attributable to shareholders for 2017 was ¥271,125,404.72, down 47.10% from ¥512,534,683.78 in the previous year[17] - The net profit after deducting non-recurring gains and losses was ¥214,945,087.35, a decline of 54.00% from ¥467,266,726.12 in 2016[17] - The net cash flow from operating activities was ¥246,033,073.38, representing a significant drop of 72.30% compared to ¥888,090,674.43 in 2016[17] - Basic earnings per share decreased to ¥0.23, down 47.73% from ¥0.44 in the previous year[17] - The company achieved total operating revenue of CNY 526,878.24 million, a year-on-year decrease of 15.53%[37] - The company's net profit attributable to shareholders was CNY 27,112.54 million, down 47.10% year-on-year[37] - The total sales volume of manufactured products decreased by 17.86% to 210.11 million tons in 2017[47] Assets and Liabilities - Total assets at the end of 2017 were ¥7,365,530,732.76, an increase of 7.40% from ¥6,857,986,416.70 at the end of 2016[17] - The net assets attributable to shareholders increased by 3.18% to ¥4,163,703,498.35 from ¥4,035,440,407.52 in 2016[17] - The company's financial expenses increased by 238.35% to CNY 1,560.50 million, indicating challenges in cost management[37] - The company's cash and cash equivalents increased by CNY 113,723,694.32, a rise of 123.64% compared to the previous year, mainly due to the redemption of financial products and increased bank loans[59] - Accounts receivable decreased significantly to ¥8,351,863.97, now only 0.11% of total assets, down from 2.27% due to the recovery of prior receivables[64] - Inventory rose to ¥1,136,000,980, making up 15.42% of total assets, an increase from 13.33%[64] - Short-term borrowings increased to ¥722,138,185.1, representing 9.80% of total assets, up from 2.10%, attributed to an increase in credit borrowings[64] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥0.50 per 10 shares, totaling approximately ¥57,842,200 based on the current total share capital[7] - The proposed cash dividend for 2017 is set at 0.50 yuan per share, totaling 57,844,200 yuan, with a distribution ratio of 100% of the available profits[94] - The company distributed a total of 115,726,800 yuan in cash dividends for the year 2016, representing 22.58% of the net profit attributable to ordinary shareholders[93] Product Development and Market Strategy - The company launched a series of new high-efficiency fertilizers in 2017, including the "Terley" series, which consists of over 20 products aimed at meeting diverse market demands[27] - The company is focusing on new product development and market expansion to adapt to the changing agricultural landscape and increasing environmental regulations[28] - The company is focusing on high-end organic fertilizer development to diversify its product offerings and meet market demands[39] - The company launched a series of new fertilizers for economic crops, including specialized fertilizers for grapes, watermelons, and apples[37] - The company is actively participating in the drafting of international standards for compound fertilizers, enhancing its industry influence[40] - The company is exploring integrated agricultural solutions to enhance its market position and service offerings[81] Research and Development - The total research and development investment amounted to CNY 158,486,003.58, representing 3.01% of operating revenue, with a decrease of 12.70% from the previous year[58] - The company has developed a comprehensive R&D system for new fertilizers, making progress in areas such as nitrate compound fertilizers and biological fertilizers[38] - The company signed technology cooperation agreements with several institutions, including Shandong Academy of Agricultural Sciences and Wageningen University, to enhance product R&D[39] - The company is actively researching specialized and functional fertilizers, exploring new technologies to improve fertilizer efficiency[83] Operational Challenges - The company faced significant industry challenges in 2017, including declining grain prices and fluctuating raw material costs, which impacted overall profitability[27] - The compound fertilizer industry is currently in a phase of capacity exit and transformation, with a shift from quantity to quality, necessitating increased investment in brand and channel development[29] - The competitive landscape in the compound fertilizer industry is intensifying, with farmers increasingly opting for lower-cost single fertilizers due to reduced planting returns[80] - Environmental protection regulations and safety production requirements are becoming stricter, posing potential operational challenges for the company[84] - The company faces risks from raw material price fluctuations, particularly in nitrogen, phosphorus, and potassium fertilizers, which could impact performance[84] Corporate Governance and Compliance - The company has maintained compliance with all commitments made by its controlling shareholders and actual controllers during the reporting period[107] - The company has not faced any penalties or rectification issues during the reporting period[106] - The company has not engaged in any related party transactions during the reporting period[123] - The company has a clear organizational structure with independent decision-making capabilities, ensuring no subordination to controlling shareholders[198] - The company has a diverse management team with various roles, including independent directors and financial officers, contributing to its operational effectiveness[184] Employee and Management - The total number of employees in the company is 3,759, with 1,812 in the parent company and 1,947 in major subsidiaries[187] - The company conducted 352 training sessions in 2017, training a total of 6,500 employees, enhancing skills and overall employee quality[190] - The total remuneration paid to directors, supervisors, and senior management in 2017 amounted to CNY 5.0891 million[182] - The company has implemented a salary policy that includes basic salary, performance bonuses, allowances, and benefits, ensuring competitiveness in the industry[188] Future Outlook - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2018, indicating an expected growth rate of 25%[177] - New product development includes the launch of a premium fertilizer line, projected to contribute an additional 200 million RMB in revenue in 2018[177] - The company is investing in technology upgrades, allocating 50 million RMB towards R&D for innovative agricultural solutions in 2018[177] - The company plans to enhance its digital marketing efforts, aiming for a 30% increase in online sales by the end of 2018[177] Shareholder Structure - The largest shareholder, Gao Wenban, holds 22.86% of the shares, totaling 264,518,800 shares, with 98,925,000 shares pledged[158] - Gao Jinhua, the second-largest shareholder, owns 15.07% of the shares, amounting to 174,435,840 shares, with 84,900,000 shares pledged[158] - The company has a total of 54,708 shareholders at the end of the reporting period[157] - The top ten shareholders include several family members, indicating a concentrated ownership structure[160]

证券代码：002588 证券简称：史丹利 公告编号：2017-052 史丹利农业集团股份有限公司 2017 年第三季度报告正文 史丹利农业集团股份有限公司 2017 年第三季度报告正文 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。 公司负责人高文班、主管会计工作负责人祖林海及会计机构负责人(会计主 管人员)祖林海声明：保证季度报告中财务报表的真实、准确、完整。 1 史丹利农业集团股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 6,885,984,615.23 | | 6,857,986,416.70 | 0.41% | | 归属于上市公司股东的净资产 | 4,134,935,905. ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥2,805,523,129.37, a decrease of 7.08% compared to ¥3,019,412,458.27 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥204,357,061.72, down 45.88% from ¥377,630,838.65 in the previous year[18]. - Basic earnings per share decreased by 43.75% to ¥0.18 from ¥0.32 in the previous year[18]. - The company reported a significant decline in both revenue and profit, indicating challenges in the market environment[18]. - The company's revenue for the manufacturing sector reached ¥2,429,427,470.69, a decrease of 10.86% compared to the previous year[42]. - The gross profit margin for the manufacturing sector was 23.52%, down 4.21% year-on-year[42]. - The company reported a significant increase in financial expenses by 206.24%, primarily due to increased short-term loan interest expenses[40]. - The company experienced a 128.28% increase in investment income, reaching ¥28,866,594.98, attributed to higher financial returns[40]. - The company reported a net profit attributable to shareholders for the first nine months of 2017 expected to be between 23,129.48 million and 32,381.27 million yuan, representing a decrease of 30% to 50% compared to the same period in 2016[66]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥482,238,708.97, a decline of 356.38% compared to ¥188,091,916.85 in the same period last year[18]. - The cash flow from operating activities shows a net outflow of ¥482,238,708.97, contrasting with a net inflow of ¥188,091,916.85 in the previous period[147]. - The total amount of cash and cash equivalents at the end of the reporting period was ¥337,277,447.1, representing 5.27% of total assets, down from 6.89% the previous year[45]. - The total cash and cash equivalents at the end of the period is ¥195,140,577.32, down from ¥244,069,996.11 at the end of the previous period[148]. - The company reported a significant decrease in sales revenue from cash received for goods sold, totaling ¥2,435,727,829.77, down from ¥3,418,298,843.01 in the previous period[146]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,401,089,251.38, down 6.66% from ¥6,857,986,416.70 at the end of the previous year[18]. - The company's equity assets increased by 5.2% compared to the beginning of the period, primarily due to a reduction in investments by its subsidiary in the agricultural services sector[27]. - The company's intangible assets decreased by 2.21% due to amortization and the exclusion of certain joint ventures from consolidation[27]. - Total liabilities decreased to CNY 2,118,597,625.28 from CNY 2,612,867,975.24, a reduction of approximately 19.0%[132]. - Current liabilities decreased to CNY 1,886,196,291.27 from CNY 2,374,973,133.23, indicating a decline of about 20.6%[132]. Investment and Development - Research and development investment amounted to ¥75,610,981.57, a decrease of 7.29% year-on-year[40]. - The company has cumulatively invested ¥113,103.07 million of the raised funds, with no changes in the purpose of the raised funds during the reporting period[51]. - The investment progress for the new type of slow-release fertilizer project in Shandong reached 91.54% as of September 30, 2016[53]. - The company has adjusted its production strategy to include one 400,000-ton/year high tower melting granulation crop-specific slow-release compound fertilizer production line and two 200,000-ton/year ammonium acid drum granulation slow-release compound fertilizer production lines[58]. Market and Product Strategy - The company plans to enhance brand building and improve product structure in response to market pressures[35]. - The company has developed a diverse range of products, including high tower compound fertilizers, water-soluble fertilizers, and bio-fertilizers, to meet various agricultural needs[30]. - The company launched the "Terley" series products in collaboration with a Dutch company, including over 20 types of fertilizers[36]. - The company has established production bases in multiple provinces, enhancing its ability to respond quickly to fertilizer demands across major planting areas[30]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for this period[7]. - The company has been implementing a restricted stock incentive plan since 2014, with 7.3 million shares allocated to 84 management and core technical personnel[80]. - The total number of ordinary shareholders at the end of the reporting period was 54,586[113]. - The largest shareholder, Gao Wenban, holds 22.86% of the shares, totaling 264,518,800 shares[113]. - The company has committed to maintaining its independent operational status and adhering to corporate governance principles[74]. Risks and Challenges - The company faced challenges in raw material procurement due to fluctuating prices, particularly for urea[37]. - The company is exposed to raw material price volatility risks, particularly for key fertilizers like urea and potassium chloride, which can affect overall performance[67]. - The company anticipates that environmental protection regulations may change, which could impose restrictions on production and development if not adapted to promptly[67]. - The company faces risks related to fluctuations in grain prices, which may affect farmers' planting enthusiasm and subsequently impact product sales[67]. Compliance and Reporting - The half-year financial report has not been audited[75]. - The company has not encountered any issues or problems regarding the disclosure of fundraising usage[56]. - The financial report for the first half of 2017 was not audited[128]. - The company’s financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[171].

史丹利农业集团股份有限公司 2017 年第一季度报告正文 史丹利农业集团股份有限公司 2017 年第一季度报告正文 1 史丹利农业集团股份有限公司 2017 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。 公司负责人高文班、主管会计工作负责人祖林海及会计机构负责人(会计主 管人员)祖林海声明：保证季度报告中财务报表的真实、准确、完整。 2 证券代码：002588 证券简称：史丹利 公告编号：2017-020 非经常性损益项目和金额 √ 适用 □ 不适用 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | -281,027.87 | | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 一标准定额或定量享受的政府补助除外） | 5,073,027.41 | | | 除上述各项之外的其他营业外收入和支出 | ...

Financial Performance - The company's operating revenue for 2016 was CNY 6,228,880,646.68, representing a decrease of 11.53% compared to 2015[15]. - The net profit attributable to shareholders for 2016 was CNY 512,534,683.78, down 17.36% from the previous year[15]. - The net profit after deducting non-recurring gains and losses was CNY 467,266,726.12, a decline of 18.24% year-on-year[15]. - The basic earnings per share for 2016 was CNY 0.440, down 16.98% from CNY 0.530 in 2015[15]. - The total operating revenue for 2016 was approximately CNY 6.23 billion, a decrease of 11.53% compared to CNY 7.04 billion in 2015[44]. - The revenue from the fertilizer manufacturing sector was CNY 5.37 billion, accounting for 86.23% of total revenue, down 15.36% from CNY 6.35 billion in 2015[44]. - The company achieved total revenue of CNY 623,714.26 million in 2016, a year-on-year decrease of 11.49%[36]. - The company's operating profit was CNY 53,753.65 million, down 22.96% compared to the previous year[36]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 459.26% to CNY 888,090,674.43[15]. - Total assets at the end of 2016 reached CNY 6,857,986,416.70, an increase of 8.59% compared to the end of 2015[15]. - The net assets attributable to shareholders increased by 10.91% to CNY 4,035,440,407.52 at the end of 2016[15]. - The company reported a significant increase in cash flow from operations, indicating improved liquidity and operational efficiency[15]. - The inventory level increased by 45.41% year-on-year, reaching 16.78 million tons, primarily to expand market share and prepare for the spring market[47]. - The gross profit margin for the fertilizer manufacturing sector was 26.20%, reflecting a slight increase of 2.93% compared to the previous year[46]. Strategic Initiatives and Market Position - The company is transitioning from a single agricultural input supplier to a comprehensive agricultural service provider, offering integrated services to large-scale farmers and cooperatives[26]. - The company plans to implement a "self-operated + platform" model for agricultural services, providing comprehensive solutions to local farmers and cooperatives[84]. - The company aims to explore and develop international markets while ensuring continuous growth in domestic operations[84]. - The company plans to optimize its product structure by expanding its range of fertilizers, including nitro compound fertilizers, water-soluble fertilizers, and bio-fertilizers, to increase market share in the new fertilizer market[88]. - The company is focusing on the development of economic crop fertilizers and plans to strengthen market development in regions where these fertilizers are used[88]. - The company has established production bases in multiple provinces, including Shandong and Gansu, to achieve a nationwide strategic layout[90]. Research and Development - The company holds 164 patents, demonstrating strong research and development capabilities in fertilizer technology[32]. - The company increased its R&D personnel by 17.06% to 652, with R&D investment amounting to ¥181,537,608.13, accounting for 2.91% of operating revenue, up from 2.60% in 2015[59]. - The company is investing 50 million RMB in R&D for new agricultural technologies in 2017[176]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 115,726,800.00 based on the total share capital[5]. - In 2016, the company distributed cash dividends of 115,726,800.00 CNY, which accounted for 22.58% of the net profit attributable to shareholders[99]. - The company approved a profit distribution plan on May 6, 2016, distributing cash dividends of 2.00 RMB per 10 shares, totaling 116,606,340.00 RMB[144]. Governance and Compliance - The company’s governance structure aligns with the regulatory requirements set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[188]. - The company has maintained a continuous relationship with Ruihua Certified Public Accountants for 10 years, with an audit fee of 750,000 RMB[108]. - The independent directors actively fulfilled their responsibilities and provided independent opinions on the use of raised funds, external guarantees, and the appointment of senior management, ensuring the rights of all shareholders, especially minority shareholders[196]. Employee and Management Information - The total remuneration paid to directors, supervisors, and senior management in 2016 amounted to CNY 5.6173 million[177]. - The company employed a total of 4,331 staff, including 1,681 sales personnel and 652 technical personnel[181]. - The remuneration policy is designed to be competitive and motivational, with performance bonuses based on sales completion and production output[183]. - The company has organized a total of 308 training sessions throughout the year, training 5,600 employees across various modules and levels[184]. Challenges and Market Dynamics - The company faced challenges in revenue and profit margins, necessitating strategic adjustments for future growth[15]. - The company recognized challenges from agricultural policy reforms and land transfer, which may impact product structure and service stickiness[86]. - The compound fertilizer industry faced increased competition from single fertilizers due to lower cost options for farmers[84]. - The company reported a significant decrease in profit margins due to rising competition and changing market dynamics[84].