中粮科技(000930) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 11,996,578,481.44, representing a 28.91% increase compared to CNY 9,306,025,166.76 in the same period last year [28]. - The net profit attributable to shareholders of the listed company reached CNY 705,924,902.53, a significant increase of 93.19% from CNY 365,409,417.14 in the previous year [28]. - The net profit after deducting non-recurring gains and losses was CNY 661,059,514.61, up 84.48% from CNY 358,343,889.96 year-on-year [28]. - The net cash flow from operating activities was CNY 2,069,062,343.36, a remarkable increase of 821.01% compared to a negative cash flow of CNY -286,966,079.81 in the same period last year [28]. - Basic earnings per share rose to CNY 0.3814, reflecting a 93.02% increase from CNY 0.1976 in the previous year [28]. - The total assets at the end of the reporting period were CNY 20,749,659,060.70, showing a 1.29% increase from CNY 20,484,494,619.23 at the end of the previous year [28]. - The net assets attributable to shareholders of the listed company increased by 5.65% to CNY 10,980,942,835.94 from CNY 10,393,677,843.62 at the end of the previous year [28]. Revenue Breakdown - The fuel ethanol segment generated revenue of ¥6,237,543,200.34, accounting for 51.99% of total revenue, with a year-on-year growth of 31.03% [46]. - Domestic revenue accounted for 94.49% of total revenue, amounting to CNY 11.34 billion, with a year-on-year growth of 37.49% [49]. - The company's total revenue for the reporting period reached approximately CNY 11.81 billion, representing a year-on-year increase of 29.79% [49]. - The average selling price of edible oil was 1.02 million yuan per ton, contributing 42,812.61 million yuan in revenue, representing 81.00% of total sales [131]. - Sugar sales generated 39,707.64 million yuan, with an average price of 0.29 million yuan per ton, accounting for 51.00% of total sales [131]. - The total revenue from feed sales was 10,574.9 million yuan, with an average price of 0.19 million yuan per ton, making up 11.00% of total sales [131]. Cost Management - The gross profit margin improved, with operating costs amounting to ¥10,407,511,390.49, an increase of 26.78% year-on-year, indicating effective cost management despite high raw material prices [46]. - The company has a strategy to leverage both domestic and international raw material markets to control costs effectively [73]. Environmental Compliance - The company maintained a 100% compliance rate in environmental inspections and product quality checks, ensuring stable operations [45]. - The company has established wastewater treatment facilities across all 12 subsidiaries, employing a treatment process that includes pre-treatment, anaerobic, aerobic, and advanced treatment, all of which are operating normally [91]. - The company is actively engaged in environmental self-monitoring, adhering to the requirements of pollution discharge permits and environmental impact assessment documents [95]. - The company reported a COD level of 71.15 and ammonia nitrogen level of 3.17 in its wastewater from the Hengshui facility, with a total of 300 for COD and 30 for ammonia nitrogen as the compliance standard [91]. Innovation and Development - The company received one China Patent Gold Award and 18 authorized patents during the reporting period, enhancing its innovation capabilities [41]. - COFCO Biotech has developed six new domestic technologies for cellulose fuel ethanol production, holding 55 authorized patents, positioning itself as a leader in this field [101]. - The company is committed to energy structure transformation and CO2 recycling to lower greenhouse gas emissions from its factories [100]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares [7]. - The total share capital of the company decreased from 1,865,763,788 shares to 1,865,717,988 shares [81]. - The company has not disposed of any significant assets or equity during the reporting period [67][68]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period [116]. Risk Management - The company has implemented risk control measures for derivative investments to mitigate market, liquidity, credit, operational, and legal risks [65]. - The company's independent directors believe that the derivative business enhances competitive advantages and is manageable in terms of risk [66]. Community Engagement - COFCO Biotech allocated RMB 6 million to support rural revitalization efforts in Tibet, benefiting 72 households and 281 individuals, with project progress leading among simultaneous initiatives [100]. - The company is actively involved in poverty alleviation and rural revitalization, with initiatives including agricultural technology training achieving a 90% household participation rate [99].