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麦趣尔(002719) - 2019 Q3 - 季度财报
2019-10-22 16:00
Financial Performance - Operating revenue for the reporting period was CNY 206,976,101.85, an increase of 11.51% year-on-year[7] - Net profit attributable to shareholders was CNY 10,380,704.75, a decrease of 21.79% compared to the same period last year[7] - The company reported a basic earnings per share of CNY 0.0596, down 25.50% year-on-year[7] - The net profit for Q3 2019 was CNY 10,475,425.14, a decrease of 20.5% from CNY 13,235,327.61 in the previous year[38] - The net profit for Q3 2019 was a loss of ¥568,972.77, contrasting with a net profit of ¥6,488,077.69 in the prior period[41] - The net profit for the year-to-date period was ¥17,833,461.98, down from ¥25,799,543.77 in the same period last year[46] - The net profit for Q3 2019 was CNY 9,771,268.64, a decrease from CNY 37,051,880.91 in the same period last year, representing a decline of approximately 73.6%[50] - The total comprehensive income for Q3 2019 was CNY 9,771,268.64, down from CNY 37,051,880.91 year-over-year, indicating a decline of approximately 73.6%[51] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,267,413,499.56, a decrease of 3.83% compared to the end of the previous year[7] - Total current assets as of September 30, 2019, amounted to 752.23 million yuan, an increase from 554.36 million yuan at the end of 2018[28] - Total assets decreased from 1.32 billion yuan at the end of 2018 to 1.27 billion yuan as of September 30, 2019[29] - The company's short-term borrowings increased from 673 million yuan to 812 million yuan[29] - The total liabilities increased from 325.94 million yuan to 358.19 million yuan[30] - The total liabilities were CNY 275,484,742.48, down from CNY 313,537,228.99, indicating a reduction of 12.1%[34] - The total equity attributable to owners was CNY 947,832,162.36, compared to CNY 1,037,983,980.40 in the previous year, reflecting a decline of 8.7%[35] - The company's total equity decreased from 991.91 million yuan to 909.22 million yuan[30] Cash Flow - Net cash flow from operating activities increased by 156.95% to CNY 21,229,093.69[7] - The cash flow from operating activities for Q3 2019 was CNY 22,426,315.72, significantly higher than CNY 1,758,275.88 in the same quarter last year[54] - The net cash flow from operating activities was -34,068,004.15, compared to 14,219,944.15 in the previous year, indicating a significant decline[58] - Total cash inflow from investment activities was 483,187,701.53, while cash outflow was 420,664,520.58, resulting in a net cash flow of 62,523,180.95, a recovery from -136,699,023.39 in the previous year[58] - The net cash flow from financing activities was -164,009,369.57, compared to -27,499,230.52 in the previous year, reflecting increased cash outflows[59] Expenses - The total operating costs for Q3 2019 were CNY 194,815,097.77, up from CNY 174,326,646.07, reflecting a year-over-year increase of 11.8%[37] - The company reported a decrease in sales expenses to CNY 35,320,993.05 from CNY 48,024,131.86, showing a reduction of 26.5%[37] - The company experienced a decline in sales expenses, which were ¥98,898,258.08 for the year-to-date period, down from ¥122,090,245.39 previously[44] - The company incurred research and development expenses of CNY 792,485.47 in Q3 2019[50] - Research and development expenses for Q3 2019 were CNY 846,233.59, indicating ongoing investment in innovation[37] - Research and development expenses for the year-to-date period were ¥2,369,493.65, indicating ongoing investment in innovation[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,054[11] - The company's payable employee compensation decreased by 96.87% compared to the end of the previous year, primarily due to the year-end bonus accrual[16] Other Information - The company expects to turn a profit in 2019, reversing the loss from the previous year[17] - The net profit attributable to shareholders for 2018 was a loss of 154.13 million yuan, primarily due to goodwill impairment related to Zhejiang Xinmeixin Food Industry Co., Ltd., which has been resolved this year[18] - The company did not undergo an audit for the third quarter report, which may affect the reliability of the financial data presented[60] - The company did not apply new financial instrument standards or new revenue standards for the current year, indicating stability in accounting practices[60] - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[36]
麦趣尔(002719) - 2019 Q2 - 季度财报
2019-08-25 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was approximately ¥289.74 million, a decrease compared to ¥297.29 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2019 was approximately ¥8.05 million, down from ¥12.57 million in the previous year[19]. - The basic and diluted earnings per share for the first half of 2019 were both ¥0.04, compared to ¥0.12 in the same period last year[19]. - The company reported a revenue of RMB 289,744,931.52, a decrease of 2.54% compared to RMB 297,287,598.67 in the previous year[35]. - The net profit attributable to shareholders was RMB 7,358,036.84, down 41.44% from RMB 12,564,216.16 in the previous year[35]. - The company's total profit for the first half of 2019 was ¥8,815,551.42, a decline of 40.1% compared to ¥14,679,089.59 in the previous year[138]. - The company's operating profit for the first half of 2019 was ¥8,775,476.11, down 39.5% from ¥14,495,331.21 in the first half of 2018[138]. - The total comprehensive income for the first half of 2019 was ¥7,358,036.84, compared to ¥12,564,216.16 in the first half of 2018, reflecting a decrease of 41.1%[135]. Cash Flow and Liquidity - The net cash flow from operating activities was approximately ¥1.20 million, a significant improvement from a negative cash flow of ¥6.50 million in the same period last year[19]. - The cash flow from operating activities was RMB 1,197,222.03, a significant improvement compared to a negative cash flow of RMB -6,503,549.68 in the previous year[37]. - Cash and cash equivalents decreased significantly to RMB 142.11 million, down 11.03% from RMB 332.60 million at the end of the previous year[46]. - The cash inflow from operating activities in the first half of 2019 was ¥448,318,407.74, an increase of 33.0% from ¥337,304,164.60 in the same period of 2018[140]. - The ending balance of cash and cash equivalents decreased to ¥142,112,805.22 from ¥319,911,849.78 year-over-year[143]. - The cash outflow for purchasing goods and services was ¥102,509,048.38, significantly higher than ¥52,735,976.19 in the same period last year[145]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥1.23 billion, a decrease from ¥1.32 billion at the end of the previous year[19]. - The company's total assets included accounts receivable of RMB 164.50 million, which increased by 4.57% from RMB 129.89 million last year[46]. - The total liabilities increased slightly to CNY 329.07 million from CNY 325.94 million, indicating a stable leverage position[126]. - The company's equity decreased to CNY 898.65 million from CNY 991.91 million, reflecting a decline in retained earnings and overall financial health[126]. - The company's non-current assets totaled RMB 599,562,175.62, down from RMB 763,481,711.90, a decrease of approximately 21.5%[124]. Market and Competition - The company plans to continue its expansion in the high-end liquid dairy product market, particularly in the Xinjiang region, where it holds a leading position[4]. - The company faces risks related to intensified competition in the industry and potential challenges in renewing rental agreements for its bakery chain stores[4]. - Revenue from dairy products was RMB 124.05 million, accounting for 42.81% of total revenue, down 17.06% from RMB 149.56 million last year[41]. - The revenue from festive foods increased by 66.99% to RMB 19.36 million, compared to RMB 11.59 million in the previous year, due to favorable sales policies and product structure adjustments[41][42]. Investments and Projects - The company has cumulatively invested RMB 52.98 million of the total raised funds of RMB 69.58 million, with no changes in the purpose of the raised funds during the reporting period[51]. - The company has invested RMB 4,116.01 million in the construction of a fresh milk production line with a daily processing capacity of 300 tons, achieving an investment progress of 27.46% as of the reporting period[54]. - The ecological breeding project for 2,000 dairy cows has seen an investment of RMB 1,921.86 million, with a planned completion date by December 31, 2019, and an investment progress of 30.97%[54]. - The company has completed the acquisition of Zhejiang Xinmeixin Food Industry Co., Ltd. with a total investment of RMB 29,800 million, achieving 100% completion[54]. Environmental and Social Responsibility - The company has maintained strict environmental management practices, achieving ISO14001 certification[88]. - The company invested 2.04 million yuan in a project to convert coal-fired boilers to natural gas, with 750,000 yuan allocated for environmental protection[90]. - The company has established a wastewater treatment station to ensure compliance with national discharge standards[89]. - The company has implemented measures to control noise pollution and ensure compliance with environmental regulations[92]. - The company in 2019 actively fulfilled social responsibilities in poverty alleviation, although specific results and investments were not detailed[96]. Corporate Governance and Compliance - The semi-annual financial report was not audited[71]. - There were no major litigation or arbitration matters during the reporting period[74]. - The company did not experience any penalties or rectification situations during the reporting period[75]. - The company has not implemented any employee incentive plans during the reporting period[76]. - The company reported no commitments that were not fulfilled during the reporting period[70]. Future Outlook - The company expects a net profit for the first three quarters of 2019 to decline by over 50%, with an estimated range of RMB 12.90 million to RMB 25.80 million[64]. - The company plans to optimize product pricing and expand market share in response to changes in the market environment in Xinjiang[65].
麦趣尔:关于参加2019年新疆辖区上市公司投资者集体接待日活动的公告
2019-07-19 11:45
麦趣尔集团股份有限公司 证券代码:002719 证券简称:麦趣尔 公告号:2019-059 麦趣尔集团股份有限公司 关于参加 2019 年新疆辖区上市公司投资者 集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假记 载、误导性陈述或重大遗漏。 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,麦趣尔集团股份有限公司定于2019年7月26日下午 15:00-17:30参加由新疆上市公司协会联合深圳市全景网络有限公司组织开展的2019年新疆辖 区上市公司投资者集体接待日活动。现将有关事项公告如下: 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台,采取网络远程的方式 举行,投资者可以登录"全景·路演天下"网站(http://rs.p5w.net/)或关注微信公众号:全 景财经(微信号:p5w2012),参与公司本次投资者集体接待日活动,活动时间为2019年7月26日 (星期五)15:00至17:30。 出席本次集体接待日的人员有:公司董事长李勇先生、证券事务代表贾勇军先生、财务总 监许文女士。 欢迎广 ...
麦趣尔(002719) - 2019 Q1 - 季度财报
2019-04-24 16:00
Financial Performance - The company's operating revenue for Q1 2019 was ¥138,821,259.94, a decrease of 1.35% compared to ¥140,721,631.16 in the same period last year[7]. - Net profit attributable to shareholders was ¥3,382,156.99, down 62.06% from ¥8,914,677.74 year-on-year[7]. - The basic earnings per share decreased by 75.58% to ¥0.02 from ¥0.0819 in the same period last year[7]. - Operating profit for the current period is ¥4,449,952.90, down from ¥9,552,114.28, indicating a decline of approximately 53%[38]. - The company’s total profit for the current period is ¥4,453,527.96, down from ¥9,804,237.73, indicating a decline of about 55%[38]. - Net profit for the current period is ¥3,071,744.49, a significant decrease from ¥8,914,677.74, reflecting a drop of around 66%[39]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,324,122,027.21, an increase of 0.48% from ¥1,317,844,574.67 at the end of the previous year[7]. - Total liabilities reached ¥303,147,537.13, down from ¥313,537,228.99, representing a decrease of approximately 3.9%[34]. - Owner's equity rose to ¥1,048,694,422.39, compared to ¥1,037,983,980.40, marking an increase of about 1.6%[35]. - Current assets totaled ¥344,288,210.47, a decrease from ¥349,032,842.17, indicating a decline of approximately 1.1%[33]. - Non-current assets amounted to ¥1,007,553,749.05, compared to ¥1,002,488,367.22, showing an increase of about 0.7%[33]. Cash Flow - The net cash flow from operating activities was -¥31,835,996.65, a slight improvement of 2.47% compared to -¥32,643,050.62 in the same period last year[7]. - Cash and cash equivalents at the end of the period decreased by 71.65%, totaling 210,319,522.14 yuan[15]. - The total cash and cash equivalents at the end of the period decreased to 210,319,522.14 CNY from 361,004,701.49 CNY, indicating a significant cash outflow[47]. - The net cash flow from financing activities was -30,489,535.98 CNY, compared to a positive 12,183,543.00 CNY in the previous period, highlighting increased financial strain[47]. - The net increase in cash and cash equivalents was -46,363,714.73 CNY, a decrease from -86,882,359.81 CNY in the previous period, showing ongoing liquidity challenges[51]. Expenses - Total operating costs decreased to ¥134,562,896.08 from ¥138,821,338.71, marking a reduction of about 3%[36]. - Sales expenses decreased by 43.70%, totaling 30,519,062.38 yuan, attributed to reduced rental, decoration, and labor costs[15]. - Financial expenses increased by 119.65%, reaching 106,336.18 yuan, due to decreased interest income and increased bank card fees[15]. - Management expenses increased to ¥14,172,395.83 from ¥10,895,038.13, an increase of approximately 30%[36]. - Research and development expenses were reported at ¥252,669.64, with no previous period data available for comparison[36]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,830[10]. - The company repurchased 630,000 shares, accounting for 0.36% of total shares, with a total transaction amount of 7,999,371 yuan[16]. Investment Activity - The company reported non-recurring gains of ¥195,164.10, primarily from investment income on idle raised funds[8]. - Investment income dropped by 3,893.87%, totaling 191,589.04 yuan, primarily due to last year's investment income from Huaring[15]. - Cash inflow from investment activities was 25,900,000.00 CNY, down from 225,205,334.60 CNY in the previous period, indicating a substantial decline in investment activity[50]. - The company received 20,000,000.00 CNY from investment recoveries, which was not present in the previous period, indicating some recovery in investment cash flows[50].
麦趣尔(002719) - 2018 Q4 - 年度财报
2019-04-24 16:00
Acquisitions and Investments - The company acquired 51% of Qingdao Danxiang Investment Management Co., Ltd. for a total payment of RMB 175.44 million, but later agreed to terminate the acquisition and will receive a refund of the full amount[6]. - The company completed the acquisition of 100% equity in Zhejiang Xinmeixin Food Industrial Co., Ltd. with a total investment of RMB 29,800 million, fully utilized[74]. - The company made significant equity investments during the reporting period, including a 51% stake acquisition in Qingdao Danxiang Investment Co., Ltd.[66]. - The company raised RMB 408,729,958.88 million through a private placement, with RMB 400,481,595.72 million net after expenses, of which RMB 298,000,000 million was used for the acquisition[74]. - The company reported a goodwill impairment provision of 13,604,878.40 yuan as of December 31, 2018[200]. - The company recorded a goodwill impairment of CNY 116 million related to the acquisition of Zhejiang Xinmeixin Food Industry Co., Ltd.[32]. Financial Performance - In 2018, the company's operating revenue was CNY 600,205,244.59, an increase of 3.56% compared to CNY 579,578,172.87 in 2017[22]. - The net profit attributable to shareholders was a loss of CNY 154,129,058.09, a decrease of 918.29% from a profit of CNY 18,835,482.57 in 2017[22]. - The net cash flow from operating activities decreased by 70.00%, amounting to CNY 14,535,056.40 compared to CNY 48,455,300.95 in 2017[22]. - The total assets at the end of 2018 were CNY 1,317,844,574.67, a decrease of 7.54% from CNY 1,425,261,539.50 at the end of 2017[22]. - The net assets attributable to shareholders decreased by 13.88%, totaling CNY 989,506,950.56 at the end of 2018 compared to CNY 1,148,969,029.53 at the end of 2017[22]. - The company reported a basic and diluted earnings per share of -CNY 0.8851 in 2018, a decline of 620.65% from CNY 0.1700 in 2017[22]. Market Position and Competition - The company faces risks related to intensified competition in the liquid dairy and baked goods markets, particularly in regions like Xinjiang, Beijing, and Zhejiang[8]. - The company has a significant market position in the high-end liquid dairy segment in Xinjiang, indicating a competitive advantage in that region[8]. - The company plans to expand its direct-operated and franchise bakery stores to enhance brand recognition and increase store numbers[39]. - The company aims to enhance its digital operations and supply chain management to improve customer experience and operational efficiency[80]. Operational Challenges - The company has a risk of not being able to renew leases for its bakery chain stores, which could impact normal operations[9]. - The company is exposed to goodwill impairment risks due to acquisitions, which may affect current profits if future performance does not meet expectations[9]. - The company emphasizes the importance of effective integration of acquired businesses to achieve strategic goals, highlighting potential risks in cultural and operational alignment[9]. Research and Development - The company completed 14 new product projects in 2018, enhancing competitiveness in the domestic dairy market[55]. - Research and development efforts have led to the introduction of two new product lines, which are expected to contribute an additional 30 million yuan in revenue in 2019[95]. - The company is investing in new technology for production efficiency, aiming to reduce costs by 5% over the next year[161]. - Research and development efforts are focused on innovative baking techniques, with an expected increase in R&D spending by 30%[162]. Environmental and Social Responsibility - The company has implemented strict environmental protection measures and complies with national regulations regarding waste management[122]. - 麦趣尔集团每年投入近1000万元用于节能减排项目的开发和实施[125]. - 麦趣尔在2018年启动煤改天然气项目,总投资204万元,其中环保投资75万元[135]. - The company has established a noise self-inspection system, ensuring compliance with the Industrial Enterprise Factory Boundary Environmental Noise Emission Standards[137]. Shareholder and Governance - The company has not reported any significant changes in its stock listing or trading status on the Shenzhen Stock Exchange[18]. - The company confirmed that there are no false records, misleading statements, or significant omissions in the legal opinions provided[90]. - The company’s board of directors has assured that the non-public offering documents submitted to the China Securities Regulatory Commission are true, accurate, and complete[91]. - The company has not engaged in any major litigation or arbitration during the reporting period[102]. Future Outlook - The company provided a positive outlook for 2019, projecting a revenue growth of 25% driven by new product launches and market expansion strategies[94]. - The company intends to accelerate its expansion into markets outside Xinjiang, particularly in East and North China[80]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[96].
麦趣尔(002719) - 2018 Q3 - 季度财报
2018-10-29 16:00
Financial Performance - Operating revenue for the reporting period was ¥185,619,042.40, representing a year-on-year growth of 19.92%[7] - Net profit attributable to shareholders was ¥13,272,586.80, up 9.42% year-on-year[7] - The net profit after deducting non-recurring gains and losses decreased by 40.11% compared to the same period last year[16] - The company's basic earnings per share were ¥0.08, down 27.27% compared to the same period last year[7] - The weighted average return on net assets was 1.14%, a decrease of 8.57% year-on-year[7] - The net profit attributable to the parent company for the year-to-date period was ¥25,842,373.24, up 10% from ¥23,487,089.68 in the previous year[46] - The total profit for the year-to-date period was ¥28,171,019.31, an increase of 5% from ¥25,945,544.49 in the same period last year[45] - The company reported a total comprehensive income of CNY 13,235,327.61 for Q3 2018, compared to CNY 12,130,407.97 in Q3 2017, reflecting a growth of 9.11%[37] - The net profit for Q3 2018 was CNY 37,051,880.91, an increase of 32.4% compared to CNY 27,955,914.47 in the same period last year[49] Cash Flow and Liquidity - The net cash flow from operating activities was ¥8,261,825.56, a significant decrease of 75.12% year-on-year[7] - Cash and cash equivalents decreased by 44.5% compared to the end of the previous year, primarily due to the payment of acquisition funds[15] - Cash and cash equivalents decreased from CNY 461.63 million to CNY 256.18 million during the reporting period[27] - Cash flow from operating activities generated a net amount of CNY 1,758,275.88, a significant recovery from a net outflow of CNY 28,359,007.87 in the previous year[53] - Cash inflow from operating activities totaled CNY 505,245,492.81, compared to CNY 436,285,223.55 in the prior year, indicating an increase of 15.8%[53] - The net cash flow from investment activities was -136,699,023.39 CNY, compared to -278,930,515.35 CNY in the previous period, indicating an improvement of 51%[57] - The net cash flow from financing activities was -27,499,230.52 CNY, a decrease from the previous period's positive cash flow of 26,531,564.34 CNY[57] - The ending balance of cash and cash equivalents was 166,763,998.26 CNY, significantly higher than 34,793,079.60 CNY from the previous period[57] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,463,330,818.34, an increase of 2.67% compared to the end of the previous year[7] - As of September 30, 2018, the total assets amount to CNY 1,463.33 million, an increase from CNY 1,425.26 million at the beginning of the period[28] - The total liabilities as of September 30, 2018, are CNY 290.69 million, compared to CNY 273.31 million at the beginning of the period[29] - The company's total assets as of the end of Q3 2018 amounted to CNY 1,307,616,741.39, compared to CNY 1,263,073,994.83 at the beginning of the period, indicating a growth of 3.52%[33] - The total liabilities at the end of Q3 2018 were CNY 241,542,188.51, compared to CNY 228,937,421.32 at the beginning of the period, an increase of 5.36%[33] Accounts Receivable and Inventory - Accounts receivable increased by 79.54% compared to the end of the previous year, mainly due to unreceived government subsidies and outstanding payments from clients[15] - Accounts receivable increased from CNY 80.16 million to CNY 143.91 million, indicating a significant rise in credit sales[27] - Inventory levels rose from CNY 43.22 million to CNY 52.42 million, suggesting potential stockpiling or increased production[27] Operational Activities - The company engaged in various communication activities with institutions and individuals to seek cooperation and discuss restructuring progress[23] - The company has not reported any new product developments or market expansion strategies in the current quarter[39] Quarterly Performance - Total operating revenue for Q3 2018 was CNY 185,619,042.40, an increase of 19.88% compared to CNY 154,787,564.33 in the same period last year[35] - Total operating costs for Q3 2018 were CNY 174,326,646.07, up from CNY 144,138,509.09, reflecting a year-over-year increase of 21.00%[35] - Net profit for Q3 2018 reached CNY 13,235,327.61, representing a 9.11% increase from CNY 12,130,407.97 in Q3 2017[36] - The company's operating revenue for Q3 2018 was ¥40,854,763.31, a decrease of 27% compared to ¥55,940,725.95 in the same period last year[39] - The net profit for Q3 2018 was ¥6,488,077.69, down 37% from ¥10,326,732.21 in Q3 2017[41] - The total profit for Q3 2018 was ¥7,015,661.67, a decline of 35% from ¥10,746,266.34 in the previous year[39] - Basic earnings per share for Q3 2018 were CNY 0.08, down from CNY 0.11 in the same quarter last year[37] - Basic and diluted earnings per share for Q3 2018 were both CNY 0.21, a decrease from CNY 0.26 in the same quarter last year[50]
麦趣尔(002719) - 2018 Q2 - 季度财报(更新)
2018-10-28 16:00
Market Position and Competition - The company has established a leading position in the high-end liquid dairy product segment in Xinjiang, with a significant market presence in the baking chain business across Xinjiang, Beijing, and Zhejiang [5]. - The company faces risks related to intensified competition in the industry, which may impact its market position and profitability [5]. - The company is focused on strategic acquisitions to achieve its growth objectives, but faces integration risks that could impact operational efficiency [7]. - The company has a comprehensive marketing network that supports its business expansion efforts in the competitive landscape [5]. - The company plans to expand its direct-operated bakery chain stores in East China, North China, and Xinjiang, while also exploring franchise models [33]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years [76]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's market position and increase overall revenue by 15% [75]. Financial Performance - The company achieved operating revenue of ¥297,287,598.67, an increase of 13.21% compared to ¥262,588,003.42 in the same period last year [33]. - Net profit attributable to shareholders was ¥12,564,216.16, up 10.63% from ¥11,356,681.71 year-on-year [33]. - The company's operating costs rose to ¥190,429,869.64, reflecting a 27.25% increase from ¥149,644,923.74 in the previous year [33]. - Research and development expenses surged by 164.23% to ¥4,663,028.23, primarily due to increased investment in new product development [35]. - The gross profit margin decreased by 7.07% due to increased raw material and labor costs, impacting operating profit [33]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2018, representing a year-on-year growth of 20% [74]. - The company provided a positive outlook for the second half of 2018, projecting a revenue growth of 25% based on new product launches and market expansion strategies [76]. Cash Flow and Investments - The net cash flow from operating activities was -¥6,503,549.68, a significant improvement of 89.44% compared to -¥61,571,709.82 in the same period last year [35]. - Cash and cash equivalents decreased by 54.78% to CNY -131.64 million compared to the previous year [36]. - The company has committed to a total of CNY 69.577 million in various projects, with a portion allocated for working capital [57]. - The company has a loan of 15,000,000 CNY from Industrial and Commercial Bank of China, secured by real estate [46]. - The company has invested 190,500 CNY in the construction of a production line with a total commitment of 14,990,000 CNY, achieving 11.30% of the investment progress [56]. Quality Control and Safety - The company reported a strict quality control system compliant with national standards, ensuring food safety throughout the production process [6]. - The company has established a complete production quality safety monitoring system, adhering to ISO22000 food safety standards [6]. - The company emphasizes the importance of maintaining a robust quality control system to mitigate food safety risks, which are increasingly scrutinized by consumers and regulators [6]. - The company has implemented strict self-inspection systems for air emissions to comply with environmental air quality standards [100]. Environmental Responsibility - The company has implemented a series of environmental protection management systems, including the "Quality, Environment, Occupational Health and Safety Management Manual" and "Environmental Protection Management and Assessment System" [98]. - The company has established a wastewater treatment station to ensure that wastewater meets national discharge standards before entering the municipal pipeline [99]. - The company prioritizes the use of clean and environmentally friendly raw materials to control air pollutant emissions at the source [100]. - The company actively promotes new technologies and processes for water pollution control [99]. Corporate Governance and Compliance - The company has not engaged in any major related party transactions during the reporting period, ensuring transparency in its operations [88]. - The company has not reported any major contracts or leasing arrangements during the reporting period, indicating a focus on core operations [93][94]. - The company is committed to maintaining transparency in its financial reporting and ensuring compliance with regulatory standards [77]. - The company’s financial report for the half-year period has not been audited, which may affect the perception of its financial health [81]. Social Responsibility - The company actively participates in targeted poverty alleviation efforts, primarily through funding for infrastructure construction and enhancing the self-development capabilities of impoverished households [117]. - The company’s social responsibility activities include education poverty alleviation, health poverty alleviation, and ecological protection poverty alleviation [118]. - The company’s efforts in environmental protection and social responsibility have been recognized by the government and society, actively maintaining the overall benefits to society [116].
麦趣尔(002719) - 2018 Q2 - 季度财报
2018-08-29 16:00
Market Position and Revenue - The company has established a leading position in the high-end liquid dairy product segment in Xinjiang, with a significant market presence in the baking chain business across Xinjiang, Beijing, and Zhejiang [6]. - The company achieved operating revenue of ¥297,287,598.67, an increase of 13.21% compared to ¥262,588,003.42 in the same period last year [24]. - Revenue from dairy products increased by 43.83% to ¥149,556,961.51, driven by the expansion into the southern Xinjiang student milk market [47]. - The southern Xinjiang region saw an 80.99% increase in revenue, indicating strong market growth in that area [47]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the first half of 2018, representing a year-on-year growth of 20% [80]. - The company provided a positive outlook for the second half of 2018, projecting a revenue growth of 25% driven by new product launches and market expansion strategies [82]. Financial Performance - Net profit attributable to shareholders was ¥12,564,216.16, up 10.63% from ¥11,356,681.71 year-on-year [24]. - The company's operating costs rose to ¥190,429,869.64, reflecting a 27.25% increase from ¥149,644,923.74 in the previous year [39]. - The gross profit margin decreased by 7.07% due to increased raw material and labor costs, impacting operating profit [39]. - The weighted average return on equity was 1.09%, up from 0.99% in the previous year [24]. - The company reported a total profit of CNY 14,679,089.59, up from CNY 13,295,602.39, reflecting an increase of about 10.5% [159]. - Basic earnings per share rose to CNY 0.12 from CNY 0.10, marking a growth of 20% [160]. Investment and Acquisitions - The company is actively pursuing cross-regional acquisitions to achieve strategic goals, which may involve integration risks if cultural and operational synergies are not realized [12]. - The company acquired a 51% stake in Qingdao Danxiang Investment Management Co., Ltd. for ¥21,930,000, enhancing its asset portfolio [33]. - The company has completed the acquisition of 100% equity in Zhejiang Xinmeixin Food Industry Co., Ltd. for CNY 298 million, funded by raised capital [61]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 500 million allocated for potential deals [199]. Research and Development - Research and development expenses surged by 164.23% to ¥4,663,028.23, primarily due to increased investment in new product development [41]. - The company plans to invest 200 million yuan in technology research and development to innovate and improve product offerings [80]. - New product development efforts include the introduction of a premium product line expected to contribute an additional 300 million yuan in revenue by the end of the year [80]. Quality Control and Safety - The company reported a comprehensive quality control system in compliance with national standards, ensuring food safety throughout the production process [8]. - The company emphasizes the importance of a stringent quality control system to mitigate food safety risks, which are heightened by recent industry incidents [7]. - The company has a comprehensive monitoring system for production quality, adhering to ISO22000 food safety standards [8]. Environmental Responsibility - 麦趣尔集团的工业废水排放总量为4.2万吨,符合《污水综合排放标准》中的三级标准 [104]. - 公司每年定期对沉淀池进行清理,确保废水处理符合国家排放标准 [105]. - 麦趣尔的固体废物排放执行《中华人民共和国固体废弃物污染环境防治法》,并与环卫局签订协议进行集中处置 [106]. - The company has established a comprehensive environmental management system in place, ensuring compliance with environmental regulations and standards [116]. Challenges and Risks - The company faces risks related to the renewal of rental agreements for its baking chain stores, which typically have lease terms of 1-3 years [9]. - The company has incurred substantial goodwill from acquisitions, which requires annual impairment testing, posing a risk if future performance does not meet expectations [10]. - The company must navigate increasing competition from domestic and international peers [6]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥6,503,549.68, a significant improvement of 89.44% compared to -¥61,571,709.82 in the same period last year [41]. - The company reported a net increase in cash and cash equivalents of ¥5506.8 million, significantly higher than the previous year's net decrease of ¥291,123,882.04, reflecting a 54.78% improvement [44]. - The company's cash and cash equivalents decreased from 461,627,103.19 RMB at the beginning of the period to 332,595,919.91 RMB at the end [149]. Shareholder and Equity Information - The total equity attributable to the parent company at the end of the reporting period is 1,034,136,000 yuan, showing an increase from the previous year's total of 1,016,668,000 yuan, representing a growth of approximately 1.8% [182]. - The company has maintained its share capital at 108,837,161.00 yuan, consistent with the previous reporting period [182]. - The largest shareholder, Xinjiang Maiqu Group, holds 47.69% of the shares, totaling 51,899,900 shares [134].
麦趣尔(002719) - 2017 Q4 - 年度财报
2018-04-25 16:00
Market Position and Competition - The company has established a leading position in the high-end liquid dairy product segment in Xinjiang, with a significant market presence in the baking chain business primarily located in Xinjiang, Beijing, and Zhejiang [6]. - The company acknowledges the increasing competition in the industry, which poses risks to its market position and expansion efforts [6]. - The company has a robust marketing network that supports its business operations in the regions it serves [6]. - The company operates in the high-end food processing sector, focusing on dairy products and baked goods, with a growing presence in regions like Xinjiang, Beijing, and Zhejiang [35]. Financial Performance - The company's operating revenue for 2017 was ¥579,578,172.87, an increase of 3.53% compared to ¥559,802,065.67 in 2016 [26]. - The net profit attributable to shareholders decreased by 33.00% to ¥18,835,482.57 from ¥28,112,393.76 in the previous year [26]. - The net profit after deducting non-recurring gains and losses was ¥11,660,447.63, down 28.06% from ¥16,208,063.09 in 2016 [26]. - The net cash flow from operating activities increased by 27.03% to ¥48,455,300.95 compared to ¥38,145,122.30 in 2016 [26]. - The total assets at the end of 2017 were ¥1,425,261,539.50, reflecting a 4.47% increase from ¥1,364,289,291.55 at the end of 2016 [26]. - The company's basic earnings per share decreased by 34.62% to ¥0.170 from ¥0.26 in 2016 [26]. - The weighted average return on equity was 1.76%, down from 2.49% in the previous year [26]. Quality Control and Safety - The company has implemented a comprehensive quality control system in compliance with national standards, ensuring food safety throughout the production process [8]. - The company has established a complete monitoring system for production quality and safety, adhering to ISO22000 food safety standards [8]. - The company emphasizes the importance of maintaining a high standard of food safety to mitigate risks associated with food safety incidents [7]. - The company has established a comprehensive quality management system, achieving certifications such as ISO9001, ISO14001, and ISO22000 [38]. Investment and Acquisitions - The company is focused on cross-regional acquisitions to achieve strategic goals, which may involve integration challenges and cultural alignment risks [12]. - The company has incurred significant goodwill from acquisitions, which requires annual impairment testing; any adverse industry conditions could lead to potential goodwill impairment risks [10]. - The company has included 11 subsidiaries in its consolidation scope for 2017, with one new subsidiary established in Beijing [57]. - The company raised RMB 400.5 million through a private placement in 2015, of which RMB 298.0 million was used to acquire 100% of Zhejiang Xinmeixin Food Industrial Co., Ltd. [79]. Research and Development - The company is committed to innovation and has established a national-level enterprise technology center to enhance its research and development capabilities [41]. - Research and development (R&D) investment decreased by 32.44% to ¥3,910,140.51, which is 0.67% of operating revenue [63]. - The number of R&D personnel increased by 242.11% to 65, although their proportion of total employees decreased to 3.12% [63]. - The company is investing heavily in R&D, allocating 10% of its revenue, approximately 150 million RMB, to develop new technologies and improve existing products [117]. Community Engagement and Social Responsibility - The company has been recognized for its social contributions, receiving awards such as the "Outstanding Contribution Unit Award" from the China Charity Federation [180]. - The company actively engages in community support, providing donations and assistance to impoverished households, including a cash donation of 3,000 yuan to a poverty-stricken family [181]. - In 2017, the company donated 2 million yuan to support poverty alleviation efforts in Ying'er Village, Kashgar region [185]. - The company donated mooncakes valued at over 200,000 yuan to social welfare institutions in Changji City [185]. Environmental Management - The company has implemented strict environmental management practices, including the establishment of a wastewater treatment system that meets national discharge standards [171]. - The company has established a wastewater treatment station to ensure that wastewater meets national discharge standards before entering the municipal sewage system [192]. - The company prioritizes the use of clean and environmentally friendly raw materials to control air pollutants at the source [193]. - The company has a robust environmental management system in place, ensuring compliance with relevant regulations and effective monitoring of environmental impacts [196]. Future Outlook and Strategic Plans - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies [107]. - The company plans to expand its direct-operated bakery chain stores and explore franchise models to increase brand awareness and store count [46]. - The company aims to establish a high-quality dairy source base in Xinjiang to support its dairy product business [91]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years [109].
麦趣尔(002719) - 2018 Q1 - 季度财报
2018-04-25 16:00
Financial Performance - The company's revenue for Q1 2018 was ¥140,721,631.16, representing a 3.97% increase compared to ¥135,351,426.69 in the same period last year[8]. - Net profit attributable to shareholders increased by 194.38% to ¥8,914,677.74 from ¥3,028,333.71 year-on-year[8]. - Basic earnings per share rose by 173.00% to ¥0.0819 from ¥0.030 in the previous year[8]. - The company expects net profit attributable to shareholders for the first half of 2018 to be between ¥1,135.67 million and ¥1,703.51 million, indicating a potential increase of up to 50% compared to the same period last year[17]. Cash Flow and Assets - The net cash flow from operating activities improved to -¥32,643,050.62, an increase compared to -¥44,671,387.34 in the same period last year[8]. - Total assets at the end of the reporting period were ¥1,422,616,159.41, a slight decrease of 0.19% from ¥1,425,261,539.50 at the end of the previous year[8]. - Net assets attributable to shareholders increased by 0.78% to ¥1,157,883,707.27 from ¥1,148,969,029.53 at the end of the previous year[8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,182[12]. - The largest shareholder, Xinjiang Maiqiu Group, holds 47.69% of the shares, with 10,070,936 shares pledged[12]. - No non-operating fund occupation by controlling shareholders and their affiliates during the reporting period[19]. Non-Recurring Items and Activities - The company reported non-recurring gains and losses totaling ¥7,903,945.28 during the reporting period[9]. - No research, communication, or interview activities conducted during the reporting period[21].