证券代码：002726 证券简称：龙大肉食 公告编号：2021—135 债券代码：128119 债券简称：龙大转债 山东龙大肉食品股份有限公司 关于参加山东辖区上市公司 2021 年度投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，山东龙大肉食品股份有限公司（以 下简称"公司"）将参加由山东证监局、山东上市公司协会与深圳市全景网络有 限公司联合举办的"山东辖区上市公司 2021 年度投资者网上集体接待日"活动， 现将有关事项公告如下： 本次投资者网上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 （http://rs.p5w.net）"参与本次投资者网上集体接待活动，互动交流时间为 2021 年 11 月 16 日（星期二）下午 14:00 至 16:00。 届时公司董事会秘书、副总经理徐先生和证券事务代表李女士将通过网络 在线交流形式与投资者就公司治理、发展战略、经营状况和 ...

Financial Performance - Revenue for Q3 2021 was CNY 4,927,188,441.53, a decrease of 24.30% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 19,826,865.19, down 93.60% year-on-year[4] - Basic earnings per share decreased by 93.61% to CNY 0.0198[4] - The company experienced a 93.58% decrease in net profit after deducting non-recurring gains and losses, totaling CNY 19,732,385.35[4] - Total revenue for the third quarter was CNY 15,527,813,915.13, a decrease of 14.0% compared to CNY 18,108,720,513.01 in the same period last year[38] - Operating profit for the quarter was CNY 346,729,944.84, a decline of 49.0% compared to CNY 680,303,023.47 in the previous year[38] - The net profit for Q3 2021 was CNY 338,658,568.87, a decrease of 47.7% compared to CNY 647,270,871.20 in the same period last year[40] - The total comprehensive income attributable to the parent company was CNY 338,658,568.87, compared to CNY 647,306,513.90 in the previous year[40] Assets and Liabilities - Total assets increased by 17.53% to CNY 10,050,385,553.79 compared to the end of the previous year[4] - The company’s total liabilities reached CNY 5,505,860,999.24, an increase of 13.4% from CNY 4,856,046,829.01 year-over-year[33] - Current assets totaled CNY 7,099,690,143.69, an increase of 12.1% from CNY 6,331,520,987.27 year-over-year[29] - Inventory increased significantly to CNY 3,228,663,798.45, up 24.5% from CNY 2,594,516,067.47 in the previous year[29] - Short-term borrowings rose to CNY 2,422,862,242.87, an increase of 25.0% compared to CNY 1,937,309,724.19 last year[29] - Total liabilities increased from CNY 4,856,046,829.01 to CNY 4,914,918,723.10, an increase of CNY 58,871,894.09[57] Shareholder Information - The total number of common shareholders at the end of the reporting period is 32,445[11] - The largest shareholder, Blue Run Development Holdings Group Co., Ltd., holds 27.25% of shares, totaling 293,885,800 shares[11] - The second-largest shareholder, Laiyang Yinlong Investment Co., Ltd., holds 7.30% of shares, totaling 78,676,000 shares[11] - The third-largest shareholder, Qingdao Hongheng Yahe Industrial Co., Ltd., holds 5.54% of shares, totaling 59,714,200 shares[11] - The top ten shareholders hold a significant portion of the company's shares, with the top three alone accounting for over 40%[11] - The company has not disclosed any known relationships or concerted actions among the top ten shareholders[14] Research and Development - Research and development expenses increased by 72.77% to CNY 4,934,185.25 due to the establishment of a new R&D center in Shanghai[7] - Research and development expenses for the quarter were CNY 4,888,994.63, an increase of 72.5% compared to CNY 2,829,809.38 in the same period last year[38] Cash Flow - Cash flow from operating activities decreased by 104.30% to CNY -18,729,104.29, primarily due to an increase in inventory[7] - The net cash flow from operating activities was negative CNY 18,729,104.29, compared to a positive CNY 435,561,256.45 in the previous year[47] - The cash flow from investing activities showed a net outflow of CNY 772,458,767.38, worsening from a net outflow of CNY 394,391,277.13 in the previous year[47] - The company reported a decrease in cash inflows from operating activities, totaling CNY 16,838,917,309.90, down from CNY 20,968,856,111.23 in the previous year[44] Convertible Bonds and Financing - The company plans to issue convertible bonds with a total amount not exceeding RMB 95,000,000[17] - The company has received approval from the China Securities Regulatory Commission for the issuance of convertible bonds[17] - The coupon rate for the convertible bonds is set at 0.30%, with interest distribution of 3 RMB for every 10 bonds held[17] - The company issued 9.5 million convertible bonds at a price of 100 RMB each, raising a total of 950 million RMB, with a net amount of approximately 935.78 million RMB after deducting fees[11] - The total amount raised from the convertible bond issuance will be used for business expansion and operational needs[11] Stock Options and Incentives - The company’s stock option and restricted stock incentive plan involved granting 16.65 million stock options and 16.59 million restricted shares to 220 and 162 participants, respectively[25] - The exercise price of stock options was adjusted from RMB 7.4 to RMB 7.351 due to the completion of the 2019 annual equity distribution plan[25] - The company’s stock option exercise price was further adjusted from RMB 7.351 to RMB 7.169 following the 2020 annual equity distribution plan[25] - The company’s board approved the cancellation of stock options and repurchase of unvested restricted shares for employees who no longer meet incentive conditions[25] Regulatory Compliance - The company has been actively responding to regulatory feedback regarding its convertible bond issuance, with multiple rounds of revisions submitted[8] - The company plans to disclose responses to the feedback from the China Securities Regulatory Commission regarding its private placement application[4] - The report for the third quarter was not audited[67] Market Position and Strategy - The company continues to focus on maintaining its financial stability amid market fluctuations[65]

Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year increase of 15%[22] - Net profit attributable to shareholders reached RMB 150 million, up 20% compared to the same period last year[22] - The company's operating revenue for the reporting period was CNY 10,600,625,473.60, a decrease of 8.61% compared to the same period last year[30] - The net profit attributable to shareholders was CNY 307,957,380.53, reflecting a growth of 1.26% year-on-year[30] - The net profit after deducting non-recurring gains and losses was CNY 319,701,706.06, an increase of 6.21% compared to the previous year[30] - The company aims to achieve a revenue growth target of 20% for the full year 2021[22] Assets and Liabilities - The total assets of the company as of June 30, 2021, amounted to RMB 3.5 billion, an increase of 10% from the end of 2020[22] - The total assets at the end of the reporting period amounted to CNY 9,201,905,636.50, representing a growth of 7.61% compared to the end of the previous year[30] - The net assets attributable to shareholders increased to CNY 3,580,508,508.67, up by 5.74% from the previous year[30] - Cash and cash equivalents decreased by 5.79% from CNY 2,396,656,422.02 to CNY 2,046,575,526.44, representing 22.24% of total assets[57] - Inventory increased by 4.61% from CNY 2,594,516,067.47 to CNY 3,216,079,681.45, now accounting for 34.95% of total assets[57] Market Strategy and Expansion - The company plans to expand its market presence by increasing production capacity by 25% in the next year[22] - New product lines are expected to launch in Q4 2021, targeting a 30% increase in market share in the premium meat segment[22] - The company aims to enhance its profitability through market expansion, quality improvement, and technological advancements[39] - The company is expanding its national footprint by planning to establish several new food processing and slaughtering facilities across the country[72] Research and Development - The company has invested RMB 50 million in R&D for new technologies in meat processing and preservation[22] - Research and development investment increased by 48.11% to ¥2,868,029.59, attributed to the establishment of a new R&D center in Shanghai[45] - The company plans to expand its market presence and enhance product offerings through ongoing research and development initiatives[53] Risk Management - The company is facing risks related to fluctuating raw material prices and has implemented measures to mitigate these risks[6] - The company faces risks from COVID-19, which may impact product sales depending on the pandemic's progression and control measures[68] - The occurrence of animal epidemics poses a risk to the company's live pig supply, potentially leading to reduced production and profitability[69] - The company has implemented strategies to mitigate risks from raw material price volatility by enhancing management efficiency and leveraging its full industry chain layout[69] Environmental and Safety Measures - The company emphasizes strict food safety measures, implementing ISO9001 and ISO22000 certifications to ensure quality control throughout production[68] - The company has implemented a comprehensive wastewater treatment process including pre-treatment, flotation, and SBR technology[93] - The company has established emergency response plans for environmental incidents, improving its capability to handle unexpected pollution events[98] - The company has invested in environmental protection technologies, such as the implementation of a deodorization project and incineration furnace to improve air quality around the facility[104] Corporate Governance - The company has established a standardized corporate governance structure in compliance with relevant laws and regulations, enhancing decision-making and supervision mechanisms[101] - The company has not reported any significant lawsuits or regulatory penalties during the reporting period, indicating a stable operational environment[119] - The company has not engaged in any significant asset or equity acquisitions during the reporting period, maintaining a focus on core operations[121] Shareholder Information - The largest shareholder, Blue Run Development Holding Group Co., Ltd., holds 29.35% of the shares, totaling 293,885,800 shares[177] - The company has a total of 32,073 shareholders at the end of the reporting period[177] - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[188] - The company’s shares are subject to various pledges, with significant amounts pledged by major shareholders[177]

Financial Performance - The company's operating revenue for Q1 2021 was CNY 6,148,397,979.46, representing a 3.96% increase compared to CNY 5,914,322,417.06 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2021 was CNY 214,253,619.88, a significant increase of 50.08% from CNY 142,755,519.68 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was CNY 217,581,524.52, up 60.36% from CNY 135,682,524.89 year-on-year[8]. - Basic earnings per share for Q1 2021 were CNY 0.21, reflecting a 50.00% increase from CNY 0.14 in the previous year[8]. - Diluted earnings per share were CNY 0.19, which is a 35.71% increase compared to CNY 0.14 in the same period last year[8]. - The total operating income for the current period is CNY 2,049,018,868.72, a decrease from CNY 2,269,438,784.61 in the previous period, representing a decline of approximately 9.7%[80]. - The net profit attributable to shareholders of the parent company is CNY 214,253,619.88, compared to CNY 142,755,519.68 in the previous period, showing an increase of approximately 50.0%[79]. - The total profit for the current period is CNY 231,023,891.00, compared to CNY 168,322,135.16 in the previous period, indicating an increase of approximately 37.2%[78]. - The operating profit for the current period is CNY 230,432,864.55, an increase from CNY 162,833,986.69 in the previous period, representing a growth of approximately 41.5%[78]. - The total comprehensive income for the current period is CNY 228,524,543.54, compared to CNY 145,771,270.65 in the previous period, reflecting an increase of approximately 56.7%[79]. Cash Flow - The net cash flow from operating activities reached CNY 342,669,653.72, a remarkable turnaround from a negative cash flow of CNY -274,317,549.18 in the same quarter last year, marking a 224.92% improvement[8]. - Total cash inflow from operating activities was 6,342,724,835.10 CNY, while cash outflow was 6,000,055,181.38 CNY, resulting in a net inflow of 342,669,653.72 CNY[91]. - Cash inflow from sales of goods and services was 2,221,780,464.47 CNY, down from 2,524,276,479.04 CNY in the previous period, indicating a decrease of approximately 12%[99]. - Cash outflow for purchasing goods and services was 1,933,515,182.04 CNY, a decrease from 2,758,776,189.90 CNY, reflecting a reduction of about 30%[99]. - The net cash flow from investing activities was -102,255,660.26 CNY, worsening from -72,184,738.39 CNY in the previous period[94]. - Cash inflow from investment activities totaled 40,720,996.14 CNY, compared to 11,227,904.90 CNY in the previous period, showing an increase of approximately 263%[91]. - Cash inflow from financing activities was 483,759,541.80 CNY, up from 317,002,850.00 CNY, representing an increase of about 53%[94]. - The net cash flow from financing activities was -191,162,794.63 CNY, a decline from a positive net flow of 126,576,236.78 CNY in the previous period[94]. - The ending balance of cash and cash equivalents was 2,225,999,039.59 CNY, an increase from 597,248,684.01 CNY in the previous period[94]. - The company reported a total cash inflow of 49,242,617.57 CNY for the period, contrasting with a cash outflow of -219,920,604.28 CNY in the previous period[94]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,300,029,294.16, a decrease of 2.94% from CNY 8,551,436,933.53 at the end of the previous year[8]. - The total assets as of March 31, 2021, amounted to CNY 5,245,774,760.53, compared to CNY 5,203,095,818.16 at the end of 2020, showing a slight increase of about 0.8%[66]. - The total liabilities as of March 31, 2021, were CNY 2,923,999,407.75, down from CNY 2,960,748,938.04 at the end of 2020, indicating a decrease of approximately 1.2%[69]. - Total liabilities decreased to RMB 4.33 billion from RMB 4.86 billion at the end of 2020[59]. - The company's short-term borrowings were RMB 1.80 billion, down from RMB 1.94 billion at the end of 2020[59]. - The company reported a decrease in employee compensation payable to RMB 49.85 million from RMB 72.01 million year-over-year[59]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 40,478, with the top ten shareholders holding significant stakes[12]. - The net assets attributable to shareholders increased to CNY 3,654,001,051.92, up 7.92% from CNY 3,385,987,457.83 at the end of the previous year[8]. - The company has not faced any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[37]. - The company’s total share capital increased due to the exercise of stock options by incentive objects[36]. Research and Development - Research and development expenses increased by CNY 390,242.13, an increase rate of 41.38% due to an increase in R&D personnel and investment[19]. - The company invested CNY 1,333,325.27 in research and development expenses during the first quarter, compared to CNY 943,083.14 in the previous year, indicating an increase of approximately 41.3%[73]. - The research and development expenses for the current period are CNY 18,247.35, significantly lower than CNY 759,391.61 in the previous period, showing a decrease of approximately 97.6%[80]. Financial Instruments and Securities - The company issued 9.5 million convertible bonds at a price of 100 RMB each, raising a total of 950 million RMB, with a net amount of approximately 935.78 million RMB after deducting fees[33]. - The conversion price for the "Longda Convertible Bonds" was adjusted from 9.57 RMB to 9.38 RMB per share due to an increase in total shares by 3,963,720 shares[36]. - The company plans to non-publicly issue A-shares totaling no more than 150 million RMB[37]. - The company received approval from the China Securities Regulatory Commission for the issuance of convertible bonds on June 16, 2020[33]. - The company’s actual fundraising from the convertible bond issuance was confirmed to have been received on July 17, 2020[33]. - The company’s non-public offering of shares was approved by the China Securities Regulatory Commission on January 4, 2021[37]. - The company has not engaged in any securities or derivative investments during the reporting period[38][41]. - The company has been actively responding to feedback from the China Securities Regulatory Commission regarding its bond issuance applications[32][34].

Financial Performance - The total revenue for 2020 was 3.5 billion RMB, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was 250 million RMB, an increase of 20% compared to the previous year[18]. - The company's operating revenue for 2020 was ¥24,101,638,774.23, representing a 43.27% increase from ¥16,822,362,113.63 in 2019[26]. - The net profit attributable to shareholders for 2020 was ¥905,816,886.07, a significant increase of 276.06% compared to ¥240,871,447.47 in 2019[26]. - The net cash flow from operating activities for 2020 was ¥1,325,020,082.82, a turnaround from a negative cash flow of ¥1,371,330,219.83 in 2019, marking a 196.62% improvement[26]. - Basic earnings per share for 2020 were ¥0.91, up 279.17% from ¥0.24 in 2019[29]. - The total assets at the end of 2020 were ¥8,551,436,933.53, reflecting a 35.35% increase from ¥6,318,139,722.55 at the end of 2019[29]. - The net assets attributable to shareholders increased by 45.81% to ¥3,385,987,457.83 in 2020 from ¥2,322,221,294.30 in 2019[29]. - The company reported a diluted earnings per share of ¥0.81 for 2020, which is a 237.50% increase from ¥0.24 in 2019[29]. - The weighted average return on equity for 2020 was 32.55%, significantly higher than 10.83% in 2019[29]. - The company achieved a revenue of CNY 2,410,163.88 million, a 43.27% increase year-over-year, and a net profit of CNY 90,581.69 million, up 276.06% from the previous year[66]. Market Expansion and Strategy - The company plans to expand its market presence by increasing production capacity by 30% in the next fiscal year[6]. - Future guidance estimates a revenue growth of 10-15% for the upcoming year, driven by new product launches and market expansion[6]. - The company has completed the acquisition of a local competitor, which is expected to enhance its market share by 5%[6]. - The company has initiated a new retail department to explore e-commerce, live streaming, and community group buying channels since October 2020[40]. - The company is expanding its sales channels nationwide, including e-commerce and large retail chains, to enhance market penetration[55]. - The company plans to increase its annual pig slaughter capacity to approximately 50 million heads by 2025, achieving a nationwide layout and coverage in Northeast, East China, Central China, and South China regions[135]. - The company aims to enhance its low-temperature meat products and develop new high-end leisure meat products, leveraging domestic and international resources for collaboration[135]. Research and Development - The company is investing 100 million RMB in new product development, focusing on organic meat products[18]. - Research and development expenses increased by 30% to 50 million RMB, reflecting a commitment to innovation[18]. - The company expanded its R&D centers, establishing a new center in Shanghai and planning one in Chengdu to enhance product development capabilities[93]. - The company actively collaborates with academic institutions for research on improving pig farming performance and disease prevention[93]. Supply Chain and Production - The company has established a "full industry chain" business model focusing on slaughtering, processing, and meat products, which enhances product quality and reduces operational costs[39]. - As of the end of 2020, the company's slaughtering capacity was 10 million heads per year, with an actual slaughter volume of 4.065 million heads in 2020[39]. - The company’s breeding capacity was 600,000 heads per year, with a total of 318,500 heads sold in 2020, primarily for internal use[43]. - The company aims to enhance its supply chain by expanding its self-owned standardized pig breeding bases, which will stabilize raw material supply and improve profitability during high price cycles[51]. - The company has established long-term partnerships with over 1,000 major food processing and restaurant enterprises, including Yum! Brands and McDonald's[52]. Financial Management and Investments - The company raised a total of CNY 143,371.95 million through public offerings, with CNY 50,391.75 million remaining unutilized[107]. - The company reported a cash dividend of 1.82 yuan per 10 shares, totaling 181,988,047 yuan, which represents 20.09% of the net profit attributable to ordinary shareholders[157]. - The company has established a strict approval system for the use of raised funds to ensure dedicated usage[113]. - The company has committed to limit the pig industry chain project to three cities in Sichuan Province: Bazhong, Dazhou, and Nanchong, ensuring no commercial opportunities are missed[163]. Risks and Challenges - The company anticipates facing risks related to supply chain disruptions and fluctuating raw material prices in the coming year[6]. - The company faces risks related to animal diseases, particularly African swine fever, which could significantly impact its pig farming operations[145]. - Fluctuations in pig prices pose a risk to the company's profitability, as sales prices of products are closely linked to procurement costs[146]. - Environmental regulations may impose additional costs on the company if stricter pollution control measures are implemented in the future[150]. Corporate Governance - The company has established a complete corporate governance structure, ensuring independence from its controlling entities and maintaining separate operational facilities[172]. - The company has committed to avoiding or minimizing related party transactions to protect the interests of shareholders[186]. - The company guarantees that its subsidiaries will operate independently, with their own production and sales systems, and will not rely on the parent company for operations[172].

Financial Performance - Operating revenue for the period was ¥6,508,790,797.10, reflecting a growth of 36.26% year-on-year[8] - Net profit attributable to shareholders was ¥309,927,898.44, a significant increase of 433.50% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥307,218,411.50, up 478.02% year-on-year[8] - Basic earnings per share were ¥0.31, representing a growth of 287.50% compared to the same period last year[8] - The weighted average return on equity was 11.26%, an increase of 8.62% compared to the previous year[8] - Net cash flow from operating activities was ¥419,739,221.40, up 285.36% year-on-year[8] - Total operating revenue for the third quarter reached CNY 6,508,790,797.10, an increase of 36.3% compared to CNY 4,776,611,781.19 in the same period last year[91] - Net profit for the period was CNY 343,687,336.28, compared to CNY 70,945,663.80 in the previous year, representing a significant increase of 384.5%[97] - The company's total operating revenue for the current period reached ¥2,109,348,951.21, a 34.5% increase from ¥1,567,758,936.58 in the previous period[101] - Net profit for the current period was ¥47,819,934.32, compared to ¥32,162,818.34 in the previous period, representing a 48.5% growth[105] Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,415,767,385.64, an increase of 33.20% compared to the same period last year[8] - Total current assets reached CNY 6,539,332,160.58, an increase from CNY 4,798,139,763.92 year-over-year, representing a growth of approximately 36.4%[74] - Total liabilities rose to CNY 5,073,641,519.40, compared to CNY 3,754,810,419.00, which is an increase of approximately 35.0%[80] - The company's equity attributable to shareholders reached CNY 3,087,813,996.92, up from CNY 2,322,221,294.30, representing a growth of about 32.9%[82] - The company’s total liabilities increased significantly, with bonds payable rising by ¥767,520,961.61, a growth rate of 100%, due to the issuance of convertible bonds[20] Shareholder Information - The company reported a total of 39,697 shareholders at the end of the reporting period[12] - The largest shareholder, Lanyun Development Holding Group Co., Ltd., held 29.44% of the shares[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[16] Cash Flow - As of the end of the reporting period, cash and cash equivalents increased by ¥1,459,457,414.74, a growth rate of 203.37%, primarily due to the issuance of convertible bonds amounting to ¥950 million[20] - Cash flow from financing activities generated a net inflow of ¥946,751,990.74, up from ¥172,275,769.78 in the previous period, representing a substantial increase of approximately 449.5%[135] - The company reported a net increase in cash and cash equivalents of ¥442,466,287.26, contrasting with a decrease of -¥469,635,981.53 in the prior period[135] Investments and Subsidiaries - The company has established a wholly-owned subsidiary in Qingdao, named Qingdao Longda Management Consulting Co., Ltd., to support its operational development[50] - A wholly-owned subsidiary, Laiyang Longda Breeding Co., Ltd., was established in Laiyang to expand the company's breeding operations[50] - The company completed the investment of RMB 450.1831 million in the pig breeding project, achieving the planned construction goals[61] - The company acquired 100% equity of Tongliao Jinqiu Food Co., Ltd., making it a wholly-owned subsidiary after completing the industrial and commercial registration[54] - A joint venture was established with Shanghai Xinong Technology Co., Ltd., with a total investment of RMB 20 million, resulting in the formation of Jiangsu Longda Qinnong Food Co., Ltd.[55] Research and Development - Research and development expenses were CNY 893,328.15, a decrease from CNY 1,171,336.79, indicating a reduction of 23.7%[94] - Research and development expenses were reported at ¥10,789.48, a decrease from ¥959,355.38 in the previous period, indicating a shift in investment strategy[101] - Research and development expenses decreased to CNY 691,872.48 from CNY 2,285,996.82, indicating a reduction of 69.8%[119] Financial Management - Financial expenses increased by ¥9,159,372.42, a growth rate of 127.96%, primarily due to expanded bank financing and increased interest expenses[22] - Financial expenses rose to ¥48,973,492.02 from ¥37,869,991.51, primarily due to increased interest expenses[111] - The financial expenses increased to CNY 19,636,624.77 from CNY 7,092,202.66, reflecting an increase of 176.5%[119] Market Expansion and Strategy - The company is committed to expanding its market presence through strategic investments and new subsidiary establishments[50] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[96] - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency and product offerings[106]

证券代码：002726 证券简称：龙大肉食 公告编号：2020—118 债券代码：128119 债券简称：龙大转债 山东龙大肉食品股份有限公司 关于参加山东辖区上市公司 2020 年度 投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，构建和谐投资关系，山东龙大肉食品 股份有限公司（以下简称"公司"）将参加由中国证券监督管理委员会山东监管 局主办，山东上市公司协会、山东省证券业协会与深圳市全景网络有限公司承 办的"山东辖区上市公司 2020 年度投资者网上集体接待日"活动，现将有关事 项公告如下： 本次集体接待日活动将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）参与公司本次投资者集体接待日活动, 活动时间为 2020 年 9 月 29 日（周二）15:00 至 16:55。 届时公司的董事会秘书徐巍先生、证券事务代表李京彦女士将通过网络在 线的形式，与投资者进行沟通交流。 欢迎广大投资者积极参与。 特此公告。 山东龙大肉食品股份有限公司 董事会 ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 11,599,929,715.91, representing a 90.23% increase compared to CNY 6,097,747,849.49 in the same period last year[26]. - The net profit attributable to shareholders of the listed company reached CNY 304,139,112.69, a significant increase of 218.24% from CNY 95,569,190.59 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was CNY 301,011,631.40, up 222.16% from CNY 93,434,470.09 in the same period last year[26]. - The net cash flow from operating activities was CNY 15,822,035.05, a turnaround from a negative cash flow of CNY -1,430,532,344.00 in the previous year, marking a 101.11% increase[26]. - Basic earnings per share were CNY 0.30, an increase of 130.77% compared to CNY 0.13 in the same period last year[26]. - The total assets at the end of the reporting period were CNY 7,272,125,287.92, reflecting a 15.10% increase from CNY 6,318,139,722.55 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were CNY 2,597,417,823.81, up 11.85% from CNY 2,322,221,294.30 at the end of the previous year[26]. - The weighted average return on net assets was 12.25%, an increase of 7.82% from 4.43% in the previous year[26]. Revenue Breakdown - The slaughtering industry generated operating revenue of CNY 806,691.31 million, a growth of 89.62%, accounting for 69.54% of total revenue[63]. - The breeding industry saw a staggering revenue increase of 1,675.46%, reaching CNY 12,000.90 million, contributing 1.03% to total revenue[63]. - The import trade segment generated revenue of 202,424.79 thousand CNY in the first half of 2020, reflecting a year-on-year growth of 32.11%[41]. - The meat product segment generated revenue of CNY 48,640.69 million, up 69.65%, with high and low-temperature meat products growing by 85.91%[64]. - Fresh meat revenue was ¥7,204,618,873.33, showing a significant growth of 98.55% compared to ¥3,628,536,567.45 last year[73]. - Frozen meat sales amounted to ¥862,294,201.42, a 37.82% increase from ¥625,653,282.45 in the previous year[73]. Operational Capacity and Strategy - In the first half of 2020, the company achieved a pig output of 109,300 heads, with an expectation of accelerated output in the second half, primarily for internal slaughtering[36]. - The company operates six large slaughterhouses with an annual slaughter capacity of 7.3 million heads, processing 2,179,000 heads in the first half of 2020[37]. - The company has developed a full industry chain model, integrating breeding, feed production, slaughtering, processing, and sales to enhance operational efficiency and product quality[36]. - The company employs a "company + farmer" model for pig farming, ensuring quality control through standardized practices[37]. - The company has established long-term partnerships with well-known restaurant chains, including Yum Brands, to enhance its position in the restaurant supply chain[40]. Investment and Fundraising - The total amount of raised funds is RMB 497.94 million, with RMB 7.16 million invested during the reporting period[86]. - Cumulative investment of raised funds reached RMB 514.89 million, with a cumulative interest net of RMB 16.96 million received[86]. - The company issued 9.5 million convertible bonds at a price of 100 RMB each, raising a total of 950 million RMB, with a net amount of approximately 935.78 million RMB after expenses[180]. - The company has implemented strict approval processes for the use of raised funds to protect the rights of minority investors[86]. Risk Management - The company faces significant risks from animal diseases, particularly African swine fever, which could severely impact pig farming operations and profitability[108]. - The competitive landscape is intensifying as major players in the industry are expanding their operations across the entire pork supply chain, increasing market competition risks[110]. - The company plans to enhance its supply chain management and product structure to mitigate risks associated with pig price fluctuations[115]. - The ongoing COVID-19 pandemic poses additional risks to the company's procurement, production, and sales operations, which the company is actively managing[114]. Corporate Governance and Shareholder Engagement - The company held two temporary shareholder meetings and one annual shareholder meeting during the reporting period, with investor participation rates of 65.56%, 47.71%, and 47.64% respectively[118]. - The semi-annual financial report has not been audited[122]. - There were no major litigation or arbitration matters during the reporting period[124]. - The company has implemented an employee stock incentive plan, granting 8.68 million restricted shares at a price of 5.86 yuan per share to 62 incentive objects[129]. Environmental Compliance - All companies have installed online monitoring facilities for wastewater discharge, ensuring stable operation of environmental protection facilities in the first half of 2020[172][173]. - The companies comply with national and local laws regarding environmental monitoring and have third-party monitoring for pollutant discharge[176]. - No significant environmental violations were reported for any of the companies during the period[172][176].

Financial Performance - The company's operating revenue for 2019 was CNY 16,822,362,113.63, representing a 91.63% increase compared to CNY 8,778,460,856.11 in 2018[22]. - The net profit attributable to shareholders for 2019 was CNY 240,871,447.47, a 36.04% increase from CNY 177,056,070.27 in 2018[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 230,150,706.69, up 37.32% from CNY 167,605,659.04 in 2018[22]. - The basic earnings per share for 2019 was CNY 0.24, a 4.35% increase from CNY 0.23 in 2018[22]. - The diluted earnings per share for 2019 was also CNY 0.24, reflecting the same 4.35% increase from CNY 0.23 in 2018[22]. - The weighted average return on equity for 2019 was 10.83%, an increase of 1.98% from 8.85% in 2018[22]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2019, representing a year-over-year increase of 12%[192]. - The net profit for the year was 200 million RMB, which is a 15% increase compared to the previous year[192]. Cash Flow and Investments - The net cash flow from operating activities for 2019 was negative CNY 1,371,330,219.83, a significant decline compared to negative CNY 106,552,210.20 in 2018, representing a decrease of 1,187.00%[22]. - Operating cash inflow totaled ¥19,125,189,533.73, a significant increase of 92.86% compared to the previous year[102]. - Operating cash outflow surged by 104.49% to ¥20,496,519,753.56, leading to a net cash flow from operating activities of -¥1,371,330,219.83, a decrease of 1,187.00%[105]. - The total investment amount for the reporting period was ¥75,200,000, a decrease of 13.25% compared to ¥86,690,300 in the previous year[110]. - The company has established a compensation fund for small shareholders to address any potential losses due to market fluctuations[192]. Revenue Segmentation - The slaughtering industry generated operating revenue of CNY 1,108,613.63 million, a growth of 69.54%, accounting for 65.90% of total revenue[68]. - The import trade business saw a revenue increase of 150.47%, reaching CNY 405,092.00 million, which constituted 24.08% of total revenue[68]. - The breeding industry experienced a decline in revenue of 18.78%, totaling CNY 4,940.12 million, representing 0.29% of total revenue[68]. - The revenue from the meat products sector was ¥705,024,717.78, showing a significant increase of 35.54% compared to ¥520,169,192.19 in the previous year[71]. - The company's fresh food product revenue was ¥1,108,613.63 million, reflecting a growth of 69.54% year-on-year[70]. Market and Industry Trends - The national pork production in 2019 was 4,255,000 tons, a decrease of 21.3% compared to the previous year, with the end-of-year pig stock down by 27.5%[42]. - The average wholesale price of pork in 2019 was CNY 28.51 per kilogram, up 52.46% year-on-year[42]. - The African swine fever outbreak has significantly impacted the pork industry, leading to a decrease in production capacity and a shift towards larger, more automated farming operations[46]. - The trend of urbanization and population growth is expected to increase pork consumption in China by approximately 250,000 tons due to the new population and urban residents' dietary habits[45]. - The pig slaughtering industry in China is highly fragmented, with a CR3 of only 4.5% in 2018, indicating significant room for consolidation and market share concentration towards leading enterprises[47]. Strategic Initiatives - The company has established a full industry chain model, integrating breeding, feed production, slaughtering, processing, and sales to enhance product quality and reduce operational costs[37]. - The company is focusing on a full supply chain model, transforming from a meat producer to a comprehensive dietary solution provider[41]. - The company aims to become a leading brand in the restaurant supply chain by providing one-stop services to large restaurant clients[55]. - The company is actively developing e-commerce channels and expanding sales networks beyond Shandong to nationwide markets[54]. - The company plans to expand its pig breeding scale to achieve an annual output of 3.5 million pigs by 2024, with a target of 400,000 to 600,000 pigs in 2020[140]. Regulatory and Compliance - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[6]. - The company has established a governance structure to ensure operational independence from its controlling entities[174]. - The company has committed to maintaining independent financial management and decision-making processes, ensuring no interference from controlling entities[174]. - The company has pledged to avoid conflicts of interest and ensure independent operations, particularly in production and sales systems[177]. - The management has confirmed compliance with all regulatory commitments and has no pending issues with the auditing firm[193]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[188]. - Future guidance estimates a revenue growth of 15% for the next fiscal year, driven by increased demand and market expansion[192]. - The company plans to pursue strategic acquisitions to enhance its product portfolio and market reach[188]. - The company is positioned to benefit from the ongoing consolidation in the pig farming industry due to the impact of African swine fever and rising production costs[140]. - The company aims to enhance its brand recognition and influence in both domestic and international markets through strategic acquisitions and partnerships[141].

Financial Performance - The company's operating revenue for Q1 2020 was CNY 5,914,322,417.06, representing a 116.31% increase compared to CNY 2,734,224,487.80 in the same period last year[8] - Net profit attributable to shareholders for Q1 2020 was CNY 142,755,519.68, up 77.83% from CNY 80,277,180.96 in the previous year[8] - The net profit after deducting non-recurring gains and losses was CNY 135,682,524.89, reflecting a 67.51% increase from CNY 81,001,976.01 year-on-year[8] - Basic earnings per share for Q1 2020 were CNY 0.14, an increase of 27.27% compared to CNY 0.11 in the previous year[8] - Total operating revenue for Q1 2020 reached ¥5,914,322,417.06, a significant increase from ¥2,734,224,487.80 in the same period last year, representing a growth of approximately 116%[62] - The company's operating income for the current period is approximately ¥162.83 million, compared to ¥108.75 million in the previous period, representing an increase of 49.8%[66] - The total profit for the current period is approximately ¥168.32 million, up from ¥107.90 million in the previous period, reflecting a growth of 55.8%[66] - The net profit attributable to the parent company's shareholders is approximately ¥142.76 million, compared to ¥80.28 million in the previous period, indicating an increase of 77.7%[69] - The company's total comprehensive income for the current period is approximately ¥145.77 million, compared to ¥96.65 million in the previous period, marking an increase of 50.8%[69] Cash Flow - The net cash flow from operating activities improved to -CNY 274,317,549.18, a 34.77% improvement from -CNY 420,524,903.18 in the same period last year[8] - The cash flow from operating activities for the current period is approximately ¥7.32 billion, compared to ¥3.46 billion in the previous period, indicating an increase of 111.5%[77] - The net cash flow from operating activities was -304,553,370.66 CNY, compared to -49,305,106.15 CNY in the previous period, indicating a significant decline in operational cash flow[84] - Total cash inflow from financing activities was 317,002,850.00 CNY, up from 190,000,000.00 CNY in the previous period, reflecting increased financing efforts[83] - The company reported a net cash increase of -219,920,604.28 CNY, compared to -726,375,837.59 CNY in the previous period, indicating a reduction in cash burn[83] - The ending cash and cash equivalents balance was 378,296,891.66 CNY, up from 60,516,709.22 CNY in the previous period, showing improved liquidity[87] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,159,392,058.64, a 13.31% increase from CNY 6,318,139,722.55 at the end of the previous year[8] - The total liabilities of the company were CNY 4,460,322,517.37, compared to CNY 3,754,810,419.00 at the end of 2019, which is an increase of about 18.76%[50] - The company's equity attributable to shareholders reached CNY 2,474,945,781.05, up from CNY 2,322,221,294.30, representing a growth of approximately 6.58%[52] - The company's total assets as of March 31, 2020, amounted to ¥4,494,576,151.07, up from ¥4,298,375,005.43 at the end of 2019[60] - The total liabilities as of March 31, 2020, were ¥2,518,680,345.96, compared to ¥2,414,376,502.36 at the end of 2019, indicating an increase of about 4.3%[60] - Owner's equity totaled CNY 2,563,329,303.55, with retained earnings at CNY 971,014,210.60[94] Operational Highlights - Revenue increased by CNY 3,180,097,929.26, a growth rate of 116.31%, largely driven by the rise in domestic pork prices[22] - The company received government subsidies amounting to CNY 7,130,081.49 during the reporting period[8] - The company reported no significant non-recurring gains or losses that would be classified as regular income[8] - The company has no reported violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[38][39] - There were no significant investments in securities, entrusted financial management, or derivative investments reported during the period[33][34][35] Expenses and Financial Management - Total operating costs for Q1 2020 were ¥5,776,633,101.43, compared to ¥2,633,762,772.21 in Q1 2019, indicating an increase of about 119%[63] - Financial expenses rose by CNY 13,964,532.29, a growth rate of 548.97%, mainly due to increased interest expenses from bank financing[22] - Income tax expenses increased by CNY 11,301,731.25, a growth rate of 100.47%, primarily due to an increase in taxable income[24] - The company incurred financial expenses of approximately ¥7.99 million, with interest expenses amounting to ¥9.91 million for the current period[70] Inventory and Receivables - Inventory increased significantly to CNY 3,292,340,052.30 from CNY 2,670,276,668.97, reflecting a rise of approximately 23.29%[44] - Accounts receivable rose to CNY 474,421,333.80 from CNY 396,556,506.05, marking an increase of around 19.6%[44] - Accounts receivable financing decreased by CNY 9,678,000, a reduction rate of 96.03%, mainly due to the maturity of receivable notes[22] - Other receivables increased by CNY 63,317,838.98, a growth rate of 253.42%, primarily due to the expansion of the import business of the subsidiary[22] - Credit impairment losses increased by CNY 6,535,114.12, an increase rate of 669.57%, mainly due to the increase in accounts receivable[23] Research and Development - Research and development expenses for Q1 2020 were ¥943,083.14, slightly up from ¥839,859.80 in Q1 2019, indicating a focus on innovation[63]