唐人神(002567) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was ¥11,385,808,084.17, representing a 5.10% increase compared to ¥10,833,701,259.42 in the same period last year[29]. - The net profit attributable to shareholders of the listed company was -¥139,730,686.59, a decrease of 179.50% from ¥175,770,035.26 in the previous year[29]. - The net cash flow from operating activities was ¥54,139,356.69, down 46.11% from ¥100,455,960.72 in the same period last year[29]. - The total assets at the end of the reporting period were ¥16,083,059,618.32, an increase of 10.58% from ¥14,544,621,352.39 at the end of the previous year[29]. - The net assets attributable to shareholders of the listed company decreased by 2.44% to ¥5,377,459,016.57 from ¥5,511,762,661.61 at the end of the previous year[29]. - The basic earnings per share were -¥0.116, a decline of 174.60% compared to ¥0.1555 in the same period last year[29]. - The diluted earnings per share were also -¥0.116, reflecting the same percentage decline as the basic earnings per share[29]. - The weighted average return on net assets was -2.57%, down 5.30% from 2.73% in the previous year[29]. - The cost of goods sold increased by 9.84% to ¥10,682,688,912.92, up from ¥9,726,082,989.50, primarily due to rising raw material prices[84]. - Research and development expenses rose by 30.34% to ¥139,218,796.19, compared to ¥106,811,668.90 in the previous year, indicating a commitment to innovation[84]. - The financial expenses surged by 100.38% to ¥118,042,140.45, compared to ¥58,908,191.75, due to increased borrowing[84]. Operational Highlights - The company achieved a total of 863,000 pigs sold during the reporting period, with a significant increase of 138.46% in the number of fattened pigs sold, totaling 763,300 pigs[40]. - The company sold 2.4241 million tons of feed, maintaining stable development in its feed business, with notable growth in high-margin products like aquatic feed[40]. - A new slaughterhouse with a capacity of 1 million pigs was put into operation, enhancing the company's integrated business model across the entire industry chain[41]. - The company plans to increase its breeding capacity in Guangdong by 30,000 sows, aiming for an annual output of 700,000 pigs in the region[41]. - The company has implemented a low-cost system and standardized pig farming practices, improving production indicators and disease prevention management[44]. - The company aims for a total pig output of 2 million by the end of the year, with production capacity gradually being released in the second half of 2022[40]. - The company has established a comprehensive disease prevention and production cost management system, improving overall operational efficiency[44]. - The company continues to expand its breeding capacity in Hunan, Guangdong, and Hainan, utilizing modern farming techniques to overcome land constraints[41]. - The company has established a full industry chain model in pig farming, integrating feed production, breeding, fattening, slaughtering, and meat processing, which enhances cost control and risk management[67]. - The company has maintained a self-breeding and self-raising model, constructing modern and intelligent pig farming bases, which helps reduce production costs and create a low-cost competitive advantage[67]. Market and Industry Trends - The average price of live pigs in China during the first half of 2022 was 14.03 yuan/kg, down 42.83% year-on-year, significantly impacting the profitability of the pig farming business[53]. - The average price of wheat reached 3,048 yuan/ton, an increase of approximately 22.46% compared to the same period in 2021, while soybean meal prices rose to 4,291 yuan/ton, up around 663 yuan/ton[53]. - The overall pig production in China for the first half of 2022 was 45.19 million tons, with a year-on-year growth of 5.3%[58]. - The total feed production in China reached 177.077 million tons, an increase of 24.4% year-on-year, with the company's feed sales ranking among the top ten nationally[58]. - The company is one of the top ten enterprises in the feed industry and has a significant market presence across more than 20 provinces in China[64]. Strategic Initiatives - The company has launched a stock incentive plan, granting stock options to 857 key personnel, with performance targets set for feed sales and pig sales over the next three years[45]. - The company has partnered with a digital management platform to develop the "Tangrenjia" digital management system, enhancing operational management capabilities[46]. - The company is expanding its feed sales through a "distribution + direct sales" model, leveraging a mature distribution network across major provinces[52]. - The company has introduced innovative products such as liquid fermented feed and solid biological fermented feed, achieving patent certification for these technologies[53]. - The company is committed to a "no value creation in breeding, no feed sales" business philosophy, emphasizing comprehensive service solutions for large-scale pig farms[52]. Environmental and Compliance Efforts - The company reported a total COD emission of 13.85 tons, which is significantly below the approved limit of 81 tons, indicating compliance with environmental standards[162]. - Ammonia nitrogen emissions were recorded at 1.66 tons, well within the approved limit of 9 tons, demonstrating effective pollution control measures[162]. - The company has invested in pollution prevention facilities, which are operational and contributing to reduced emissions across its sites[168]. - The company has established a wastewater treatment plant with a capacity of 2000 tons/day at the Guda Bridge base, ensuring treated wastewater meets tertiary standards before discharge[171]. - The company has implemented a comprehensive waste management strategy, including aerobic composting of pig manure and biogas utilization for cooking and heating[172]. Community and Social Responsibility - The company actively created job opportunities, recruiting over 500 graduates from agricultural colleges annually to support rural revitalization[193]. - The company continues its educational poverty alleviation efforts through the "Xiaofeng Tang Education Poverty Alleviation Foundation," providing 5,000 yuan to over a hundred financially challenged college freshmen each year[196]. - The company promotes local agricultural products by actively purchasing items such as Xiangxi mineral water and Huang peach, enhancing local product sales[196].