Huangshanghuang(002695)

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煌上煌(002695) - 2019 Q2 - 季度财报
2019-08-15 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,168,620,541.03, representing a 13.15% increase compared to CNY 1,032,781,229.77 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 140,351,286.14, up 23.15% from CNY 113,968,882.66 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was CNY 133,766,545.39, reflecting a 21.42% increase from CNY 110,170,840.30 in the previous year[17]. - The basic earnings per share increased by 18.18% to CNY 0.273 from CNY 0.231 in the previous year[17]. - Total revenue for the reporting period reached ¥1,168,620,541.03, representing a year-on-year increase of 13.15% compared to ¥1,032,781,229.77 in the same period last year[45]. - The total profit for the first half of 2019 was CNY 182,474,253.21, compared to CNY 150,820,550.74 in the previous year, marking a growth of 21.0%[163]. - The total comprehensive income for the first half of 2019 was CNY 149,430,859.41, compared to CNY 120,189,494.10 in the same period of 2018, showing a growth of 24.3%[164]. Cash Flow and Assets - The net cash flow from operating activities decreased significantly by 69.43%, amounting to CNY 106,154,183.61 compared to CNY 347,292,156.95 in the same period last year[17]. - Cash and cash equivalents stood at RMB 975,688,973.24, making up 36.00% of total assets, a decrease of 1.29% from the previous year[51]. - The company's cash and cash equivalents totaled RMB 975,688,973.24, making up 36.00% of total assets, a decrease of 1.29% from the previous year[51]. - The total assets at the end of the reporting period were CNY 2,709,967,877.84, an increase from CNY 2,497,036,950.83 at the end of the previous year[17]. - The company's current assets reached RMB 1,882,899,620.61, up from RMB 1,665,469,843.67 at the end of 2018, indicating a growth of approximately 13.06%[152]. - The total liabilities increased to CNY 572,948,295.58, down from CNY 617,222,997.97 at the end of 2018[159]. Market and Product Development - The company has developed over 200 product varieties, focusing on convenient and nutritious ready-to-eat food products, including various meat and rice products[26]. - The company is positioned in the early maturity stage of the fast-moving consumer food industry, characterized by low market concentration and significant brand competition[27]. - The company plans to enhance product development by focusing on raw material selection, processing techniques, and flavor improvement, leveraging partnerships with academic institutions[32]. - The company is pursuing a strategy of brand and product upgrades, alongside technological innovations to enhance operational efficiency[39]. - The company plans to expand its market presence in Southeast Asia, aiming for a 20% increase in market share within the next two years[178]. Research and Development - Research and development investment increased by 49.94% to RMB 35.88 million, reflecting the company's commitment to new product and technology development[43]. - Research and development expenses increased to CNY 35,881,485.74, representing a 50% rise from CNY 23,929,984.59 in the previous year[162]. - The company is focusing on technological advancements and new product launches to drive growth in the upcoming quarters[182]. Corporate Governance and Compliance - The company has not reported any violations in the use of raised funds during the reporting period, ensuring compliance with regulations[66]. - The company has no major litigation or arbitration matters during the reporting period[90]. - The company has not engaged in any major asset or equity sales during the reporting period[73][74]. - The company has committed to not engaging in competitive activities with its own business during the reporting period[87]. Environmental and Social Responsibility - The company has established an emergency response plan for environmental incidents, which was filed with the local environmental protection bureau on December 14, 2018[115]. - The company has upgraded its environmental protection equipment to enhance compliance with environmental regulations[118]. - In the first half of 2019, the company helped 33 impoverished households achieve stable income through various initiatives, generating revenue of CNY 570,100[119]. - The company invested CNY 610,100 in poverty alleviation projects, specifically in the agricultural and forestry sectors[120]. Shareholder Information - The total number of shares increased from 513,883,128 to 514,796,728, reflecting a change of 913,600 shares due to the implementation of the 2018 restricted stock incentive plan[128]. - The largest shareholder, Huang Shang Huang Group Co., Ltd., holds 38.45% of the shares, totaling 197,952,000 shares[136]. - The company completed the granting registration of 913,600 restricted stocks to 13 incentive objects as part of the 2018 Restricted Stock Incentive Plan, with the listing date on June 20, 2019[95].
煌上煌:关于参加2019年投资者集体接待日活动的公告
2019-06-20 08:15
证券代码:002695 证券简称:煌上煌 编号:2019—045 江西煌上煌集团食品股份有限公司 关于参加 2019 年投资者集体接待日活动的公告 本公司及董事会全体成员保证公告内容真实、准确和完整,没有虚假记载、 误导性陈述或者重大遗漏。 江西煌上煌集团食品股份有限公司(以下简称"公司")为便于广大投资者 更深入全面地了解公司情况、发展战略、经营状况、融资计划、股权激励、可持 续发展等投资者所关心的问题,公司定于 2019 年 6 月 26 日下午 15:30-17:00 参 加由江西省上市公司协会联合深圳市全景网络有限公司举办的主题为"真诚沟通 规范发展 互利共赢"江西上市公司 2019 年投资者集体接待日活动。现将有关事 项公告如下: 本次集体接待日网上交流网址:投资者可以登录 http://rs.p5w.net 进入专 区页面参与交流。 出席本次集体接待日的人员有:公司副总经理、财务总监兼董事会秘书曾细 华、财务中心副总监胡泳、财务中心经理姜丽、证券部经理兼证券事务代表万明 琪。欢迎广大投资者积极参与。 特此公告。 江西煌上煌集团食品股份有限公司 董事会 二〇一九年六月二十一日 ...
煌上煌(002695) - 2019 Q1 - 季度财报
2019-04-24 16:00
Financial Performance - The company's operating revenue for Q1 2019 was ¥499,315,913.40, representing a 20.36% increase compared to ¥414,858,723.95 in the same period last year[8] - Net profit attributable to shareholders was ¥63,866,548.67, up 26.70% from ¥50,405,998.05 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥60,855,285.11, reflecting a 24.01% increase from ¥49,071,576.98 in the previous year[8] - Basic earnings per share rose to ¥0.124, a 22.77% increase from ¥0.101 in the previous year[8] - The company expects net profit for the first half of 2019 to increase by over 50%, with an estimated range of CNY 136.76 million to CNY 182.35 million[18] - The company reported a net profit of CNY 72,368,060.27 for the quarter, with a net profit margin of approximately 14.5%[33] - The total profit for Q1 2019 was CNY 76,217,896.09, an increase from CNY 61,593,194.17 in the prior year[36] - The company's operating profit for Q1 2019 was CNY 75,064,979.01, compared to CNY 61,499,435.35 in the previous year, indicating a growth of approximately 22.0%[36] Cash Flow - The net cash flow from operating activities decreased by 45.48% to ¥156,611,161.83, down from ¥287,245,665.93 in the same period last year[8] - The net cash flow from operating activities for Q1 2019 was CNY 156,611,161.83, a decrease of 45.5% compared to CNY 287,245,665.93 in Q1 2018[43] - Total cash inflow from operating activities was CNY 644,005,638.46, while cash outflow was CNY 487,394,476.63, resulting in a net cash inflow of CNY 156,611,161.83[43] - The company reported a net cash outflow from investing activities of CNY 58,137,298.66, compared to a net outflow of CNY 108,446,146.21 in the previous year[44] - Cash and cash equivalents at the end of Q1 2019 amounted to CNY 1,028,367,549.31, an increase from CNY 961,164,331.24 at the end of Q1 2018[44] - The total cash inflow from investment activities was CNY 80,610,077.70, while cash outflow was CNY 138,747,376.36[44] - The company’s cash flow from financing activities showed a net outflow of CNY 1,325,826.96, compared to a net outflow of CNY 1,165,740.10 in the previous year[44] - The cash flow from operating activities included CNY 333,830,406.48 from sales of goods and services[46] - The company received CNY 100,074,476.64 in tax refunds related to operating activities[43] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,593,414,324.63, an increase of 3.86% from ¥2,497,036,950.83 at the end of the previous year[8] - The total liabilities increased to CNY 587,338,378.39, compared to CNY 563,446,415.82 at the end of 2018, marking a rise of 4.1%[27] - The total equity attributable to shareholders reached CNY 1,968,042,791.17, up from CNY 1,895,010,242.50, reflecting a growth of 3.9%[27] - Total current assets as of March 31, 2019, amounted to CNY 1,780.44 million, compared to CNY 1,665.47 million at the end of 2018[25] - Total assets as of March 31, 2019, reached CNY 2,593.41 million, an increase from CNY 2,497.04 million at the end of 2018[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 65,680[12] - Net assets attributable to shareholders increased by 3.85% to ¥1,968,042,791.17 from ¥1,895,010,242.50 at the end of the previous year[8] Research and Development - Research and development expenses increased by CNY 4.12 million, a growth of 32.53%, due to increased investment in new product development[16] - Research and development expenses for the quarter were CNY 16,789,006.60, an increase of 32.5% from CNY 12,668,062.44 in the previous year[33] - Research and development expenses for Q1 2019 amounted to CNY 15,517,635.90, up from CNY 11,370,109.67 in the previous year[38] Operational Costs - The total operating costs amounted to CNY 426,947,853.13, reflecting a rise of 20.3% from CNY 354,925,407.30 year-over-year[33] - The gross profit for the quarter was CNY 72,368,060.27, resulting in a gross margin of approximately 14.5%[33] - Management expenses increased by CNY 14.38 million, a growth of 56.60%, mainly due to stock incentive expenses[16] Strategic Focus - The company is focusing on brand, product, and information upgrades, as well as talent development to enhance market expansion[18]
煌上煌(002695) - 2018 Q4 - 年度财报
2019-03-28 16:00
Financial Performance - The company's operating revenue for 2018 was CNY 1,897,578,656.46, representing a 28.41% increase compared to CNY 1,477,780,160.44 in 2017[16]. - The net profit attributable to shareholders for 2018 was CNY 172,911,807.36, up 22.72% from CNY 140,904,123.71 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was CNY 160,352,852.23, reflecting a 20.01% increase from CNY 133,617,390.91 in 2017[16]. - The basic earnings per share for 2018 was CNY 0.340, a 20.57% increase from CNY 0.282 in 2017[16]. - The total assets at the end of 2018 were CNY 2,497,036,950.83, which is a 20.16% increase from CNY 2,078,064,580.34 at the end of 2017[16]. - The net assets attributable to shareholders at the end of 2018 were CNY 1,895,010,242.50, up 10.01% from CNY 1,722,580,315.35 in 2017[16]. - The net cash flow from operating activities for 2018 was CNY 153,208,768.60, an increase of 15.26% compared to CNY 132,925,138.00 in 2017[16]. - The weighted average return on equity for 2018 was 9.33%, an increase of 0.81% from 8.52% in 2017[16]. Revenue and Profit Growth - In Q1 2023, the company reported revenue of approximately ¥414.86 million, with a net profit attributable to shareholders of about ¥50.41 million, while in Q2, revenue increased to approximately ¥617.92 million and net profit rose to ¥63.56 million[21]. - The company achieved a total revenue of ¥1,897.58 million for the year, representing a year-on-year growth of 28.41%, driven by the expansion of stores in provinces outside its home region and enhanced marketing strategies[27]. - The net profit attributable to shareholders for the year was approximately ¥172.91 million, reflecting a year-on-year increase of 22.72%, attributed to revenue growth and effective cost management strategies[27]. Investment and Capital Expenditure - The company reported a significant increase in construction in progress, rising by 74.93% to ¥31.13 million, primarily due to investments in new factory construction[30]. - The company has invested in six production bases across various provinces, enhancing its supply chain efficiency and market reach[32]. - The total investment amount for the reporting period was CNY 523.14 million, a 229.18% increase from the previous year[65]. - The company has allocated CNY 10,279.09 million for the construction of 8,000 tons of meat products and other processed products, with a completion rate of 2.09%[72]. Cash Flow and Financing - Operating cash inflow for 2018 was CNY 2.24 billion, a year-on-year increase of 22.19% from CNY 1.84 billion in 2017[58]. - The net cash flow from financing activities increased significantly by 1,578.90% to CNY 200.28 million, driven by the issuance of restricted stock and compensation received[59]. - The cash and cash equivalents increased by CNY 147.69 million, although this represented a 39.55% decrease compared to the previous year's increase of CNY 244.33 million[59]. Research and Development - The company has established long-term partnerships with research institutions to enhance product development and maintain industry leadership[33]. - The company reported a total of CNY 55.71 million in R&D expenditure in 2018, an increase of 52.92% compared to CNY 36.43 million in 2017, representing 2.94% of operating revenue[57]. - The number of R&D personnel increased by 28.77% to 94 in 2018, while the proportion of R&D personnel to total employees decreased by 1.26% to 5.61%[57]. Marketing and Brand Strategy - The company has established a strong brand presence, recognized as a leading enterprise in the quick-consumption food industry, with a focus on brand building and strategic planning[28]. - The company’s marketing strategy has shifted towards online platforms, expanding sales channels to include airports, high-speed rail, and supermarkets[38]. - The company plans to enhance its marketing management by restructuring its organization from five regions to twelve provincial areas[91]. Corporate Governance and Shareholder Relations - The company emphasizes the protection of shareholder rights, ensuring equal treatment and communication with all shareholders, especially minority shareholders[143]. - The company has established a comprehensive performance evaluation system for its senior management, linking their annual salary to the completion of operational targets[145]. - The company has maintained a stable leadership team, with key executives holding significant shares, indicating confidence in the company's future[181]. Social Responsibility and Community Engagement - In 2018, the company helped 33 impoverished households generate a total income of 3.855 million yuan through duck farming initiatives[148]. - The company donated 400,000 yuan to the Huangshanghuang Charity Foundation for poverty alleviation and 100,000 yuan to the Fujian Provincial Minjian Tongxin Poverty Alleviation Foundation[148]. - The total investment in poverty alleviation efforts in 2018 amounted to 4.355 million yuan, including 385,500 yuan specifically for industry development projects[149]. Environmental Compliance - The company has received a new pollution discharge permit on November 27, 2018, valid until November 26, 2021, ensuring compliance with environmental regulations[153]. - All environmental protection facilities operated stably in 2018, with monitoring results indicating that wastewater and air emissions met standards, with no exceedances reported throughout the year[154]. - The company has implemented a comprehensive environmental emergency response plan, filed with the local environmental protection bureau on December 14, 2018[154].
煌上煌(002695) - 2018 Q1 - 季度财报
2018-04-27 16:00
Financial Performance - The company's revenue for Q1 2018 was CNY 414,858,723.95, representing a 23.39% increase compared to CNY 336,220,837.30 in the same period last year[8] - Net profit attributable to shareholders was CNY 50,405,998.05, up 42.91% from CNY 35,269,959.90 year-on-year[8] - Basic earnings per share rose to CNY 0.101, a 42.25% increase from CNY 0.071 in the same quarter last year[8] - Net profit attributable to shareholders increased by CNY 15.136 million, a growth of 42.91%, driven by a 23.39% year-on-year increase in revenue and improved cost control[15] - The company expects net profit attributable to shareholders for the first half of 2018 to range from CNY 96.0458 million to CNY 136.0649 million, representing a growth of 20.00% to 70.00% compared to the same period in 2017[22] Cash Flow and Assets - The net cash flow from operating activities increased by 180.95%, reaching CNY 287,245,665.93 compared to CNY 102,242,384.34 in the previous year[8] - Cash flow from operating activities increased by CNY 185.0033 million, a growth of 180.95%, mainly due to increased sales revenue and government compensation received[15] - Total assets at the end of the reporting period were CNY 2,290,761,790.01, reflecting a 10.24% increase from CNY 2,078,064,580.34 at the end of the previous year[8] - The net assets attributable to shareholders increased by 2.93%, amounting to CNY 1,772,986,313.40 compared to CNY 1,722,580,315.35 at the end of the last year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 83,282[11] - The largest shareholder, Jiangxi Huangshanghuang Group Co., Ltd., holds 51.59% of the shares, totaling 257,952,000 shares[11] - The company did not engage in any repurchase transactions during the reporting period[12] Receivables and Current Assets - Accounts receivable increased by CNY 4.6976 million, a growth of 1304.89%, mainly due to an increase in bank acceptance bills issued by customers[15] - Other receivables increased by CNY 3.5271 million, a growth of 39.28%, primarily due to new store deposits and business guarantees[15] - Other current assets increased by CNY 96.8853 million, a growth of 3110.61%, mainly from the purchase of wealth management products worth CNY 100 million[15] Expenses and Liabilities - Sales expenses increased by CNY 11.9245 million, a growth of 34.36%, due to higher investments in store development and promotional activities[15] - Long-term borrowings decreased by CNY 7.5 million, a decline of 45.45%, due to repayments made by a subsidiary[15] - Deferred income increased by CNY 119.7292 million, a growth of 422.40%, primarily from government compensation received[15] Investment Plans - The company plans to use up to CNY 25 million of temporarily idle raised funds to purchase safe, liquid short-term wealth management products[17] Non-Recurring Items - The company reported non-recurring gains and losses totaling CNY 1,334,421.07 for the period[9]
煌上煌(002695) - 2017 Q4 - 年度财报
2018-03-27 16:00
Financial Performance - The company's operating revenue for 2017 was CNY 1,477,780,160.44, representing a 21.35% increase compared to CNY 1,217,821,558.54 in 2016[14]. - The net profit attributable to shareholders for 2017 was CNY 140,904,123.71, a significant increase of 59.76% from CNY 88,200,078.27 in 2016[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 133,617,390.91, up 57.65% from CNY 84,754,827.29 in the previous year[14]. - The basic earnings per share for 2017 was CNY 0.282, reflecting a 60.23% increase from CNY 0.176 in 2016[14]. - The total assets at the end of 2017 amounted to CNY 2,078,064,580.34, an increase of 8.57% from CNY 1,913,943,912.90 at the end of 2016[14]. - The net assets attributable to shareholders at the end of 2017 were CNY 1,722,580,315.35, also up 8.57% from CNY 1,586,675,762.92 in 2016[14]. - The net cash flow from operating activities for 2017 was CNY 132,925,138.00, a decrease of 20.72% compared to CNY 167,668,797.82 in 2016[14]. - The weighted average return on net assets for 2017 was 8.52%, an increase of 2.86% from 5.66% in 2016[14]. - The company reported a quarterly revenue breakdown with Q1 at CNY 336,220,837.30, Q2 at CNY 421,301,421.26, Q3 at CNY 375,341,398.61, and Q4 at CNY 344,916,503.27[18]. Revenue Breakdown - The food processing segment contributed CNY 1,448.12 million, accounting for 97.99% of total revenue, with a growth of 21.11%[37]. - The rice products business saw a revenue increase of 30.42%, reaching CNY 270.03 million, which constituted 18.27% of total revenue[38]. - The company achieved operating revenue of 1,477.78 million CNY in 2017, representing a year-on-year growth of 21.35%[34]. - The company reported a revenue of CNY 1,477.78 million in 2017, representing a year-on-year growth of 21.35%[34]. Government Support and Financial Gains - The company received government subsidies amounting to 39.76 million CNY in 2017, up from 34.21 million CNY in 2016[20]. - The company reported a fair value change gain from financial assets of 598.17 million CNY in 2017, compared to 165.46 million CNY in 2016[20]. Cash Flow and Investments - Cash and cash equivalents increased by 244.33 million CNY, a growth rate of 45.31%, primarily due to the recovery of bank wealth management principal[26]. - Other current assets decreased by 168.98 million CNY, a decline of 98.19%, mainly due to the maturity of bank wealth management products[26]. - Operating cash inflow rose by 27.17% to ¥1,835,398,062.77, but net cash flow from operating activities decreased by 20.72% to ¥132,925,138.00 due to increased raw material procurement and tax expenses[53]. - Net cash flow from investment activities increased significantly by 144.50% to ¥124,943,218.92, primarily due to the recovery of ¥170 million from bank financial products[54]. - Cash and cash equivalents increased by 270.21% to ¥244,325,665.66, attributed to the recovery of bank financial products and increased sales receipts[53]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.70 per 10 shares, totaling CNY 34,997,997.90 based on 499,957,128 shares[4]. - The cash dividend payout ratio for 2017 was 62.78% of the available distributable profit, reflecting a commitment to returning value to shareholders[96]. - The company has established a shareholder return plan for 2017-2019, ensuring clear guidelines for cash dividends and profit distribution, aimed at protecting the rights of minority investors[90]. Market Position and Strategy - The company is positioned as a leading enterprise in the quick-consumption food industry, with a strong brand presence and marketing network across multiple provinces[27]. - The company operates through direct chain, franchise chain, and distributor models, enhancing its market reach[24]. - The company is currently in the early maturity stage of the quick-consumption food industry, characterized by significant market capacity and low concentration[25]. - The company aims to enhance its market presence by developing high-potential stores in key locations such as high-speed railway stations and airports[82]. - The company will implement an "Internet+" strategy to improve its online and offline sales integration, leveraging data analytics for targeted marketing[84]. Product Development and Innovation - The company has developed over 200 product varieties, including duck, chicken, and rice products, enhancing its product portfolio[34]. - The company is committed to continuous product innovation, adapting to seasonal changes and consumer preferences[34]. - Research and development expenditures amounted to ¥36,433,500, focusing on new product development and improving product quality[50]. - R&D investment increased by 9.93% to ¥36,433,490.17 in 2017, while the proportion of R&D investment to operating revenue decreased by 0.25% to 2.47%[51]. Operational Efficiency and Management - The management team has over 20 years of industry experience, focusing on food safety and brand strength[30]. - The company has implemented strict quality management practices, achieving multiple certifications including ISO9001 and HACCP[30]. - The company has established a comprehensive food safety control system and has obtained ISO22000 and HACCP certifications[85]. - The company has established a comprehensive internal management and control system to safeguard the legitimate rights and interests of all shareholders and creditors[132]. Challenges and Risks - The company faces risks related to food safety incidents that could impact its brand reputation and sales performance[85]. - The company’s main raw material costs account for approximately 86% of its main business costs, with key materials such as duck meat, duck feet, duck wings, duck necks, and beef making up about 60% of these costs, indicating significant exposure to raw material price fluctuations[6]. - The company’s expansion strategy includes addressing the challenges of logistics and consumer acceptance in newly entered regions, which may impact short-term performance[5]. Corporate Governance and Compliance - The company has maintained a continuous relationship with the auditing firm, Lixin Certified Public Accountants, for 8 years, with an audit fee of 450,000 yuan for the current period[105]. - The company has not faced any major litigation or arbitration matters during the reporting period[107]. - The company has complied with regulations regarding the management and disclosure of raised funds, ensuring no violations occurred during the reporting period[72]. - The company has established control mechanisms for financial reporting processes[198]. Social Responsibility and Community Engagement - In 2017, the company helped 33 impoverished households achieve poverty alleviation through the distribution of 196,000 ducklings, generating CNY 2.039 million in income for these households[139]. - The company contributed CNY 600,000 to the Huang Shang Huang Love Foundation for projects such as photovoltaic power generation in Guangchang County[139]. - The company plans to continue its poverty alleviation efforts in 2018 by distributing ducklings and providing training to impoverished populations in Jiangxi Province[142]. Future Outlook - The company plans to achieve a revenue of CNY 1.73 billion in 2018, representing a year-on-year growth of 17.12%[82]. - The projected net profit for 2018 is approximately CNY 162.04 million, indicating a growth of 15.00% compared to the previous year[82]. - Future guidance estimates a revenue growth of 12% to 18% for 2018, driven by new product lines and market expansion efforts[172].
煌上煌(002695) - 2017 Q3 - 季度财报
2017-10-23 16:00
Financial Performance - Operating revenue for the reporting period was ¥375,341,398.61, representing a year-on-year growth of 30.45%[8] - Net profit attributable to shareholders was ¥41,951,848.48, up 22.93% from the same period last year[8] - The net profit after deducting non-recurring gains and losses was ¥41,605,538.31, an increase of 24.68% year-on-year[8] - Basic earnings per share were ¥0.08, reflecting a growth of 33.33% compared to the previous year[8] - The net profit for the year-to-date period was ¥121,990,083.91, which is a 49.19% increase compared to the same period last year[8] - Net profit attributable to shareholders increased by CNY 40.22 million, a growth of 49.19%, driven by accelerated market development and product upgrades, with a year-on-year revenue growth of 19.20%[16] - The expected net profit for 2017 is projected to be between CNY 123.48 million and CNY 149.94 million, representing a growth of 40.00% to 70.00% compared to 2016[21] Asset and Shareholder Information - Total assets at the end of the reporting period reached ¥2,081,570,471.12, an increase of 8.76% compared to the previous year[8] - The company reported a total of 95,066 common shareholders at the end of the reporting period[12] - The largest shareholder, Jiangxi Huangshanghuang Group Co., Ltd., holds 51.59% of the shares, totaling 257,952,000 shares[12] Cash Flow and Receivables - Cash flow from operating activities reached ¥236,027,245.99, marking a 30.02% increase year-to-date[8] - Cash flow from operating activities increased by CNY 54.50 million, a growth of 30.02%, primarily due to increased sales revenue and cash collections[16] - Accounts receivable increased by CNY 19.35 million, a growth of 44.32%, mainly due to increased customer payments during the Mid-Autumn Festival and National Day[16] Deferred Income and Investment - Deferred income increased by CNY 12.21 million, a growth of 38.26%, mainly due to increased government subsidies and project funding[16] - Investment income increased by CNY 2.16 million, a growth of 267.09%, attributed to higher returns from financial products[16] Cost Control and Expansion - The company strengthened cost and expense control, leading to an improvement in overall product gross margin[21] - The company plans to use CNY 102.79 million of raised funds to increase capital for its wholly-owned subsidiary, Guangdong Huangshanghuang, for a new meat processing project[17] - Prepayments increased by CNY 8.44 million, a growth of 173.73%, mainly due to increased customer payments before holidays[16] - The company has completed the registration changes for its subsidiary, indicating progress in its expansion strategy[19]
煌上煌(002695) - 2017 Q2 - 季度财报
2017-08-21 16:00
Financial Performance - The company's operating revenue for the first half of 2017 was CNY 757,522,258.56, representing a 14.32% increase compared to CNY 662,636,681.73 in the same period last year[17]. - The net profit attributable to shareholders of the listed company reached CNY 80,038,235.43, a significant increase of 67.99% from CNY 47,643,451.66 in the previous year[17]. - The net cash flow from operating activities was CNY 191,850,897.86, up 60.91% from CNY 119,228,347.05 in the same period last year[17]. - Basic earnings per share increased to CNY 0.16, a 60.00% rise compared to CNY 0.10 in the previous year[17]. - The company achieved operating revenue of 757.52 million yuan, a year-on-year increase of 14.32% due to enhanced product promotion and market expansion[26]. - Net profit attributable to shareholders reached 80.04 million yuan, reflecting a significant year-on-year growth of 67.99, primarily driven by lower raw material prices and improved production management[26]. - The company reported a gross profit margin improvement due to effective internal management and cost control measures[38]. - The company reported a total revenue of 33,416.58 million yuan, with a net profit of 4,425.55 million yuan, reflecting a profit margin of approximately 13.2%[63]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,055,307,226.45, reflecting a 7.39% increase from CNY 1,913,943,912.90 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were CNY 1,661,714,427.07, up 4.73% from CNY 1,586,675,762.92 at the end of the previous year[17]. - The company's total liabilities rose to ¥190,853,649.19, compared to ¥157,135,662.29, indicating an increase of approximately 21.5%[136]. - The company's equity increased to ¥1,568,559,333.26 from ¥1,531,237,897.65, reflecting a growth of about 2.4%[136]. Cash Flow - The cash flow from operating activities rose by 60.91% to CNY 191.85 million, driven by increased product sales[40]. - The total operating cash inflow was CNY 863,938,405.06, an increase of 36.3% from CNY 633,993,981.58 in the previous year[147]. - The total operating cash outflow was CNY 672,087,507.20, up from CNY 514,765,634.53 in the same period last year[147]. - The company reported a net cash flow from financing activities of CNY -29,541,032.37, compared to CNY 1,379,367.95 in the previous year[148]. - The net cash flow from investment activities was -115,754,292.19 CNY, a decrease from -56,718,150.76 CNY in the previous period, indicating a worsening investment cash flow situation[151]. Investment and Projects - The total amount of raised funds is CNY 845.78 million, with CNY 29.88 million invested during the reporting period[53]. - The project for annual production of 20,000 tons of food processing has been fully funded and is 100% completed[56]. - The company has invested a total of 74,939.31 million CNY in various projects, with 50,294.32 million CNY allocated to specific initiatives[57]. - The company has approved the use of excess raised funds amounting to CNY 80.88 million for the 6000-ton meat processing project, with CNY 28.30 million already invested by the end of 2016[58]. - The company plans to raise 180,000 ducks in two villages, aiming to provide employment opportunities and enhance training for local farmers[107]. Market and Competition - The company is positioned in the early maturity stage of the quick-consumption food industry, characterized by low market concentration and significant brand competition[26]. - The company faces market risks due to increasing competition and higher industry entry barriers, but plans to enhance market expansion and brand promotion to improve market share[74]. - The company is expanding its chain stores across various provinces, but acknowledges the challenges of understanding regional consumer preferences and logistics[75]. Corporate Governance and Compliance - The company has not reported any violations in the use of raised funds during the reporting period[60]. - The company has made commitments to protect the interests of minority shareholders, ensuring transparency and fairness in operations[82]. - The company has not engaged in any securities or derivative investments during the reporting period[50][51]. - There were no major lawsuits or arbitration matters affecting the company during the reporting period, reflecting a low legal risk environment[85]. Social Responsibility - The company engaged in poverty alleviation by distributing 20,000 ducklings in a poverty-stricken area, creating 33 jobs and generating 260,000 yuan for local farmers[104]. - The company has allocated CNY 7.5 million specifically for the support of impoverished individuals with disabilities, assisting 9 individuals[105]. - The company has helped 33 registered impoverished individuals to escape poverty through its poverty alleviation initiatives[105]. Future Outlook - The company plans to continue expanding its market presence and enhancing product offerings to maintain growth momentum[38]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[158].
煌上煌(002695) - 2017 Q1 - 季度财报
2017-04-26 16:00
Financial Performance - The company's operating revenue for Q1 2017 was ¥336,220,837.30, representing a 13.18% increase compared to ¥297,062,935.96 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2017 was ¥35,269,959.90, an increase of 85.88% from ¥18,974,650.75 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥33,845,978.43, up 96.72% from ¥17,204,948.61 in the previous year[8]. - Basic earnings per share for Q1 2017 were ¥0.07, a 75.00% increase compared to ¥0.04 in the previous year[8]. - The expected net profit for the first half of 2017 is projected to be between CNY 66.70 million and CNY 80.99 million, representing a growth of 40.00% to 70.00% compared to the same period in 2016[18]. Cash Flow and Assets - The net cash flow from operating activities was ¥102,242,384.34, reflecting a 4.82% increase from ¥97,540,177.99 in the same period last year[8]. - Cash and cash equivalents increased by CNY 216.05 million, a growth of 40.07%, mainly due to the recovery of CNY 140 million from financial products[15]. - The net cash flow from investment activities increased by CNY 159.94 million, a growth of 354.95%, primarily due to the recovery of CNY 140 million from financial products[15]. - Total assets at the end of the reporting period were ¥1,965,359,844.91, a 2.69% increase from ¥1,913,943,912.90 at the end of the previous year[8]. - Net assets attributable to shareholders at the end of the reporting period were ¥1,621,945,722.82, up 2.22% from ¥1,586,675,762.92 at the end of the previous year[8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 101,934[11]. - The largest shareholder, Huang Shang Huang Group Co., Ltd., held 51.59% of the shares, amounting to 257,952,000 shares, with 46,000,000 shares pledged[11]. Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥1,423,981.47 for the reporting period[9]. - Other receivables increased by CNY 4.39 million, a growth of 32.89%, mainly due to increased deposits and business guarantees[15]. - Prepayments increased by CNY 7.49 million, a growth of 154.17%, primarily due to increased advance payments for orders[15]. - Accounts payable increased by CNY 28.71 million, a growth of 54.12%, due to increased raw material purchases[15]. - Employee compensation payable increased by CNY 4.17 million, a growth of 456.34%, mainly due to increased seasonal labor costs[15]. - Financial expenses decreased by CNY 0.20 million, a decline of 137.53%, attributed to increased interest income from bank deposits[15]. - Investment income increased by CNY 1.70 million, mainly due to higher returns from financial products[15].
煌上煌(002695) - 2016 Q4 - 年度财报
2017-03-08 16:00
Financial Performance - The company's operating revenue for 2016 was CNY 1,217,821,558.54, representing a 5.80% increase compared to CNY 1,151,074,787.93 in 2015[15]. - The net profit attributable to shareholders for 2016 was CNY 88,200,078.27, a significant increase of 44.87% from CNY 60,880,585.42 in 2015[15]. - The net profit after deducting non-recurring gains and losses was CNY 84,754,827.29, up 45.12% from CNY 58,401,408.16 in the previous year[15]. - The net cash flow from operating activities reached CNY 167,668,797.82, marking a 53.19% increase from CNY 109,450,097.19 in 2015[15]. - Basic earnings per share for 2016 were CNY 0.18, a 50.00% increase compared to CNY 0.12 in 2015[15]. - The company achieved a year-on-year revenue growth of 5.80% and a net profit growth of 44.87% in 2016, attributed to product upgrades and improved raw material procurement[25]. - The gross profit margin for the food processing segment was 32.69%, an increase of 2.76% compared to the previous year, indicating improved profitability[41]. - The company reported a decrease in the net profit margin from 24.13% in 2015 to 23.38% in 2016[92]. - The company reported a net profit of 93,178,041.18 CNY, with a significant difference from the net cash flow from operating activities due to depreciation and amortization[55]. Assets and Liabilities - Total assets at the end of 2016 amounted to CNY 1,913,943,912.90, reflecting a 4.70% increase from CNY 1,828,016,861.50 in 2015[15]. - The net assets attributable to shareholders were CNY 1,586,675,762.92, which is a 3.85% increase from CNY 1,527,791,907.00 at the end of 2015[15]. - The company's cash and cash equivalents decreased by 157.63% to -143,544,638.93 CNY, indicating a significant cash outflow during the year[54]. - The company's short-term borrowings increased to CNY 67,000,000.00, representing 3.50% of total liabilities, up from 2.57% in the previous year[59]. - The company's inventory stood at CNY 355,916,802.33, accounting for 18.60% of total assets, showing a minor decrease from the previous year[59]. Investment and Capital Management - The company utilized CNY 4,777.04 million of the raised funds during the reporting period, with a remaining balance of CNY 43,583.49 million[64]. - The total amount raised from the initial public offering was CNY 92,940.00 million, with a net amount of CNY 84,577.97 million after deducting fees[64]. - The company has invested CNY 12,000 million in principal-protected financial products as part of its cash management strategy[64]. - The total amount of funds raised for investment projects is CNY 33,059.62 million, with a cumulative investment of CNY 27,223.07 million, representing an investment progress of approximately 82.3%[67]. - The company has committed to an investment project with a total amount of CNY 12,769.43 million, achieving a 100% investment progress by the end of the reporting period[66]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.10 per 10 shares, based on a total of 499,957,128 shares[4]. - The company distributed cash dividends of 1.16 yuan per 10 shares for the 2015 fiscal year and 1.25 yuan per 10 shares for the first half of 2016, alongside a stock bonus of 5 shares per 10 shares[88][90]. - The company proposed a cash dividend of CNY 0.10 per share, totaling CNY 4,999,571.28, which represents 30.14% of the distributable profit for the year[94]. - The cash dividend payout ratio for the year was 100% of the total profit distribution[94]. - The company has committed to maintaining a minimum cash dividend payout ratio of 80% during its mature development stage[94]. Market and Business Strategy - The company operates a dual business model of direct chain and franchise chain, enhancing its market presence and control over operations[24]. - The company has focused on market expansion by increasing store openings and introducing new sales channels, including group buying and mobile sales vehicles[38]. - The company is positioned as a leading enterprise in the quick-consumption food industry, focusing on brand building and strategic planning to enhance market share[26]. - The company plans to open 108 direct-operated stores across selected cities, adjusting from the original plan due to rising commercial real estate prices[69]. - The company aims to improve the efficiency of fund usage by selecting cities with better market potential for store openings[69]. Research and Development - The company has developed over 200 product varieties, including chicken, goose, pork, beef, lamb, vegetables, seafood, and bean products, showcasing its rapid product development capabilities[31]. - Research and development expenses amounted to 33,141,512.69 CNY, accounting for 2.72% of operating revenue, a decrease from 2.96% in 2015[53]. - The product development plan emphasizes expanding from existing poultry products to livestock products and other agricultural products, with a focus on enhancing flavor and product line diversity[80]. Corporate Governance and Compliance - The company has established a comprehensive internal management and control system to safeguard the rights of all shareholders and creditors[133]. - The company has retained the same accounting firm, Lixin Certified Public Accountants, for 7 consecutive years, with an audit fee of CNY 1,050,000 for the current period[103]. - There were no significant accounting estimate changes or major accounting errors that required retrospective restatement during the reporting period[101][102]. - The independent directors attended all board meetings and shareholder meetings, with no objections raised during the reporting period[189]. - The company has no overdue principal or interest from entrusted financial products, indicating effective financial management[128]. Social Responsibility - The company provided assistance to 249 registered impoverished individuals through various poverty alleviation initiatives, with a total investment of RMB 26.23 million in funds and RMB 40 million in material support[129]. - The company has implemented a training program for 133 individuals to enhance their vocational skills, resulting in 50 registered impoverished households achieving employment[129]. - The company actively participates in social welfare activities, including rural poverty alleviation and building hope schools[137]. - The company has been recognized as a "tax advanced enterprise" for several consecutive years, indicating a high level of social contribution[137]. Future Outlook - In 2017, the company expects to achieve operating revenue of 1.331 billion yuan, a year-on-year increase of 9.27%[79]. - The projected net profit for 2017 is 123 million yuan, representing a year-on-year growth of 39.46%[79]. - The company plans to invest in advanced production equipment and increase investment in technology development to strengthen competitive advantages[79]. - The company provided a future outlook projecting a revenue growth of 12% for the next fiscal year, driven by new product launches and market expansion strategies[171]. - A strategic acquisition of a local food processing company is anticipated to enhance production capacity by 30%[171].