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].

证券代码：002588 证券简称：史丹利 公告编号：2016-058 史丹利农业集团股份有限公司 2016 年第三季度报告正文 史丹利农业集团股份有限公司 2016 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。 | | 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） | 6,574,813,874.31 | | 6,315,329,704.32 | 4.11% | | 归属于上市公司股东的净资产 | 3,974,572,909.63 | | 3,638,490,737.41 | 9.24% | | （元） | | | | | | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初 ...

Financial Performance - The company's operating revenue for the first half of 2016 was CNY 3,019,412,458.27, representing a decrease of 9.50% compared to the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 377,630,838.65, an increase of 15.46% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 363,529,662.18, up by 13.57% compared to the previous year[20]. - The basic earnings per share increased to CNY 0.32, reflecting a growth of 14.29% year-on-year[20]. - Total operating revenue for the first half of 2016 was CNY 3,023,570,552.64, a decrease of 9.4% compared to CNY 3,337,079,501.31 in the same period of 2015[144]. - Net profit attributable to shareholders of the parent company reached CNY 377,630,838.65, up 15.5% from CNY 327,065,058.68 year-on-year[145]. - Operating profit increased to CNY 445,981,842.18, representing a growth of 10.9% compared to CNY 402,172,784.88 in the previous year[144]. - Total profit for the period was CNY 463,926,282.00, up 13.1% from CNY 409,973,784.02 in the same period of 2015[144]. Cash Flow - The net cash flow from operating activities was CNY 188,091,916.85, a significant improvement of 172.53% from a negative cash flow of CNY 259,327,292.51 in the same period last year[20]. - Cash flow from operating activities totaled CNY 3,707,578,999.31, an increase of 18.9% from CNY 3,117,503,170.47 in the previous year[150]. - The company reported a significant increase in sales expenses, totaling CNY 214,786,670.78, compared to CNY 222,818,272.53 in the previous year, reflecting a decrease of 3.6%[144]. - The total cash and cash equivalents at the end of the period were 244,069,996.11 CNY, down from 849,549,416.70 CNY in the previous period[152]. - The company experienced a decrease in cash received from other investment activities, which was 813,000,000.00 CNY compared to 1,250,000,000.00 CNY previously[155]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,188,610,020.34, down by 2.01% from the end of the previous year[20]. - The total liabilities decreased from CNY 2,486,625,921.06 to CNY 2,090,222,391.35, a decline of approximately 16.00%[136]. - Current liabilities decreased from CNY 2,261,853,004.85 to CNY 1,858,285,081.91, a reduction of about 17.78%[136]. - Non-current assets increased from CNY 2,874,063,523.73 to CNY 3,113,578,603.20, an increase of approximately 8.32%[135]. - The company's equity attributable to shareholders rose from CNY 3,638,490,737.41 to CNY 3,895,659,238.62, reflecting an increase of about 7.06%[137]. Investments and R&D - Research and development investment increased by 37.09% to CNY 81,552,260.07, indicating a focus on innovation[30]. - The company has invested 20,847,990 yuan in external investments during the reporting period, a decrease of 99.45% compared to the previous year[44]. - The investment in the Shandong Linshu 800,000 tons/year new type of slow-release fertilizer project reached 91.54% completion as of September 30, 2016[56]. - The investment in the Guangxi Guigang Phase II 200,000 tons/year new type of compound fertilizer project was 68.41% completed by September 30, 2016[56]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[5]. - The governance structure of the company complies with relevant regulations and has been continuously improved[73]. - The decision-making processes regarding profit distribution were compliant and transparent, ensuring the protection of minority shareholders' rights[67]. - The company has committed to distributing at least 30% of its distributable profits as cash dividends over the past three years, totaling 33.8 million yuan, 109.85 million yuan, and 145.59 million yuan respectively[101]. Strategic Initiatives - The company launched the agricultural information service platform, Stanley Agricultural Service Platform, aiming to enhance marketing channels and agricultural services[35]. - The company is focusing on enhancing its management efficiency through the implementation of an efficient management platform and a shared procurement platform[36]. - The company has established strategic partnerships with several agricultural research centers to enhance product development and market competitiveness[42]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[145]. Compliance and Reporting - The half-year financial report was not audited[103]. - The financial statements are prepared based on the accrual basis of accounting, reflecting the company's financial position as of June 30, 2016[171]. - The company adheres to the accounting policies and estimates in accordance with the relevant accounting standards, including provisions for bad debts and inventory valuation methods[173]. - The company’s financial reports comply with the requirements of the Chinese Securities Regulatory Commission, ensuring transparency and accuracy[174].

Revenue and Profitability - Revenue for Q1 2016 was CNY 1,411,335,841.22, a decrease of 13.79% compared to CNY 1,637,039,754.68 in the same period last year[8] - Net profit attributable to shareholders increased by 18.31% to CNY 151,373,266.93 from CNY 127,946,374.46 year-on-year[8] - Basic and diluted earnings per share increased by 18.18% to CNY 0.26 from CNY 0.22 in the same period last year[8] - The net profit attributable to shareholders for the first half of 2016 is expected to be positive, with a growth range of 15.00% to 25.00% compared to the same period last year[22] - The estimated net profit range for the first half of 2016 is between 376,124.9 thousand yuan and 408,831.4 thousand yuan[22] - The net profit for the first half of 2015 was 327,065.1 thousand yuan, indicating an anticipated increase in profitability[23] - The company expects an increase in sales volume for the first half of 2016, contributing to the growth in net profit[23] - There are uncertainties that may affect the expected growth in net profit for the first half of 2016[23] Cash Flow - Net cash flow from operating activities rose by 12.81% to CNY 237,508,242.96 compared to CNY 210,534,664.74 in the previous year[8] - Net cash flow from investing activities increased by 96.26% compared to the previous period, mainly due to the purchase of financial products[18] - Net cash flow from financing activities decreased by 241.95% compared to the previous period, primarily due to the repayment of three-year medium-term notes[18] Assets and Liabilities - Total assets decreased by 5.27% to CNY 5,982,392,199.40 from CNY 6,315,329,704.32 at the end of the previous year[8] - Net assets attributable to shareholders increased by 4.11% to CNY 3,787,912,693.15 from CNY 3,638,490,737.41 at the end of the previous year[8] - Accounts receivable increased by 185.33% to CNY 6,800,000.00 from CNY 2,383,241.45 at the beginning of the year[15] - Other current assets decreased by 32.78% to CNY 374,303,963.72 from CNY 556,831,577.22 at the beginning of the year[15] - Prepayments decreased by 30.04% to CNY 328,432,591.39 from CNY 469,485,731.29 at the beginning of the year[15] - Non-current assets due within one year decreased by 43.58% compared to the beginning of the period, mainly due to the amortization of endorsement fees[16] - Other current assets decreased by 32.78% compared to the beginning of the period, primarily due to the redemption of financial products[16] - Long-term deferred expenses increased by 60.53% compared to the beginning of the period, mainly due to expenses incurred by joint ventures[16] Tax and Income - Operating tax and additional fees increased by 572.25% compared to the previous period, primarily due to an increase in VAT payments[17] - Investment income increased by 99.86% compared to the previous period, mainly due to the redemption of financial products[17] - Non-operating income increased by 204.53% compared to the previous period, primarily due to an increase in government subsidies received[17] - Income tax expenses increased by 48.16% compared to the previous period, mainly due to an increase in profits[17] - Minority shareholders' losses decreased by 5220.42% compared to the previous period, mainly due to increased costs from newly established joint ventures[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,102[11] - The company reported no violations regarding external guarantees during the reporting period[24] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[25] - The company did not engage in any research, communication, or interview activities during the reporting period[26]