TRS(SZ:002567)2020-07-26 16:00Financial Performance - The company's operating revenue for the first half of 2020 was ¥7,895,610,439.24, representing an increase of 8.54% compared to the same period last year[24]. - The net profit attributable to shareholders was ¥431,726,963.55, a significant increase of 859.06% year-on-year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥420,242,370.08, up 616.74% from the previous year[24]. - The net cash flow from operating activities reached ¥334,455,930.82, an increase of 142.59% compared to the same period last year[24]. - The total assets at the end of the reporting period were ¥8,829,122,735.88, reflecting a growth of 21.26% from the end of the previous year[24]. - The net assets attributable to shareholders amounted to ¥3,854,586,164.33, which is a 15.90% increase compared to the end of the previous year[24]. - The basic earnings per share were ¥0.5161, representing an increase of 859.29% year-on-year[24]. - The diluted earnings per share were also ¥0.5161, consistent with the basic earnings per share[24]. - The weighted average return on equity was 12.89%, up from 1.31% in the previous year[24]. Revenue Breakdown - The company achieved a revenue of 7.90 billion yuan, representing a year-on-year growth of 8.54%[35]. - The company’s feed segment generated revenue of ¥6,729,703,616.02, accounting for 85.23% of total revenue, with a year-on-year increase of 3.25%[66]. - The pig farming segment saw a remarkable revenue increase of 223.05%, totaling ¥824,817,768.51, which accounted for 10.45% of total revenue[66]. - The sales revenue of meat products (excluding fresh meat) was ¥17,941 million, representing a year-on-year growth of 46.07%[61]. Production and Sales - The company sold 2.34 million tons of feed, marking a year-on-year increase of 4.5%[35]. - The number of pigs sold was 280,300, which is a decrease of 44.9% year-on-year[35]. - The average profit per pig was 1,685.18 yuan, including minority shareholder earnings[35]. - The average profit per pig reached 1,685.18 RMB, with a first-quarter profit of 1,938.05 RMB and a second-quarter profit of 1,502.89 RMB, indicating strong profitability in the industry[49]. - The average price of live pigs in the first half of 2020 was 33.90 RMB/kg, a year-on-year increase of 136.95%[43]. Investments and Expansion - The company is actively expanding its pig farming capacity with ongoing projects valued at ¥73,678.87 million, a 55.91% increase from the beginning of the year[61]. - The company has established a comprehensive pig farming chain, including feed production, breeding, and meat processing, enhancing operational efficiency[35]. - The company aims to achieve an output of 1 million live pigs in 2021 through continuous investment in the livestock production capacity of acquired companies[56]. - The company has invested in establishing a subsidiary in the United States with an investment amount of approximately 7.33 million USD, which is currently not operational[45]. Risk Management and Compliance - The company faces risks from African swine fever and other diseases, which could significantly increase costs and affect production efficiency[112]. - The company has implemented a three-tiered safety system for pig farming to control the spread of African swine fever, enhancing biosecurity measures[61]. - The company has received fines totaling 30 thousand yuan for environmental compliance issues related to odor monitoring and waste gas treatment facilities[124]. - The company has established emergency response plans for wastewater treatment and biogas facilities to address potential environmental incidents[162]. Corporate Governance and Shareholder Structure - The company plans to maintain its dividend policy, opting not to distribute cash dividends or issue new shares from capital reserves for the half-year period[117]. - The total number of ordinary shareholders at the end of the reporting period was 54,450, with a significant number of shares pledged or frozen[191]. - The largest shareholder, Hunan Tangrenshen Holdings, holds 16.81% of the total shares, amounting to 140,629,910 shares[191]. - The company has a total of 70,836,110 restricted shares, with 25,145,405 shares released during the reporting period[186]. Social Responsibility and Community Engagement - The company established the "Longhua Shangpin Education Poverty Alleviation Foundation" with a total investment of 60 million yuan to support 200 impoverished students annually[168]. - In the first half of 2020, the company distributed 500,000 yuan in poverty alleviation funds to the designated poverty alleviation site, benefiting over 1,200 impoverished individuals[169]. - The total investment in poverty alleviation efforts amounted to 5.2 million yuan, with 500,000 yuan specifically allocated to industrial development poverty alleviation projects[170]. - The company plans to continue supporting over 200 impoverished students each year through its education poverty alleviation initiatives[173].