HUILONG(SZ:002556)2024-08-14 11:08Financial Performance - The company's operating revenue for the first half of 2024 was ¥8,921,135,909.57, a decrease of 2.21% compared to ¥9,122,948,869.76 in the same period last year[11]. - The net profit attributable to shareholders of the listed company was ¥175,692,653.17, down 28.33% from ¥245,142,091.66 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥48,353,488.54, a significant decline of 74.57% compared to ¥190,106,463.62 in the same period last year[11]. - Basic earnings per share decreased to ¥0.1911, down 25.56% from ¥0.2567 in the same period last year[11]. - The gross profit margin decreased slightly, with operating costs reported at ¥8,435,233,716.14, down 1.16% from ¥8,534,105,726.58[32]. - The main business revenue was ¥8,856,851,438.36, accounting for 99.28% of total revenue, showing a slight decline of 2.19% year-on-year[33]. - The company reported a total profit of CNY 204,666,515.95, down from CNY 272,736,206.23, reflecting a decrease of 25.0%[126]. - Total comprehensive income for the first half of 2024 was CNY 51,739,763.97, a decrease from CNY 116,865,986.20 in the same period of 2023[129]. Cash Flow and Investments - The net cash flow from operating activities improved to -¥287,895,937.69, a 61.38% increase from -¥745,375,011.41 in the previous year[11]. - The company reported a significant increase in investment activities, with net cash flow from investment activities rising to ¥490,030,586.69, a 2,903.83% increase compared to a negative cash flow of ¥17,477,181.58 in the previous year[32]. - The company invested CNY 1.07 billion during the reporting period, reflecting a 3.17% increase compared to the previous year[41]. - Cash inflow from operating activities totaled CNY 9,031,284,031.79, compared to CNY 8,821,336,712.84 in the previous year, reflecting a growth of approximately 2.4%[130]. - Cash outflow for purchasing goods and services was CNY 8,827,357,068.56, a decrease from CNY 9,040,144,715.61 year-over-year[130]. Assets and Liabilities - Total assets at the end of the reporting period were ¥11,186,949,811.92, a decrease of 3.97% from ¥11,649,912,590.27 at the end of the previous year[11]. - The company's total assets at the end of the current period amount to CNY 1,725,028,007.22, reflecting a slight increase from the previous period[143]. - Total liabilities decreased from CNY 7,711,458,376.08 to CNY 7,314,687,230.68, a reduction of approximately 5.2%[121]. - The company's total equity at the end of the reporting period is CNY 2,900,291,295.09, compared to CNY 3,111,016,783.16 at the end of the previous year, indicating a decrease of approximately 6.77%[144]. Operational Highlights - The fertilizer segment's integrated operations effectively mitigated market price volatility risks, leading to steady sales growth[15]. - The pesticide segment maintained stable performance and industry-leading levels despite market pressures[15]. - The agricultural service segment saw significant improvements in operational efficiency and management quality, with profitable models being implemented[15]. - The company upgraded its smart agriculture service platform, enhancing competitiveness through data integration and visualization[15]. - The company has developed over 30 comprehensive solutions for crop production, enhancing its service offerings in modern agriculture[31]. Risk Management - The company emphasizes the importance of risk management and has outlined potential risks and countermeasures in the report[2]. - The company faces risks related to product price fluctuations, safety and environmental concerns, external investment risks, and natural disasters[56][57]. - The company aims to mitigate risks by enhancing market analysis, improving safety measures, and diversifying product offerings[58]. Environmental Compliance - The company has implemented various environmental protection laws and standards, including the Environmental Protection Law of the People's Republic of China and the Air Pollution Prevention and Control Law[66]. - The company is compliant with all relevant environmental protection standards and has not exceeded discharge limits for pollutants[69]. - The company has achieved compliance in all monitored emissions, including particulate matter and sulfur dioxide[76]. - The company has established emergency management protocols to address potential environmental incidents, in compliance with national regulations[80]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 35,945, with the largest shareholder, Anhui Huilong Investment Group Co., Ltd., holding 37.74% of shares, totaling 357,244,325 shares[111]. - The company committed to not reducing its shareholding in Huillong shares for six months starting from October 27, 2023, reflecting confidence in the company's future development[93]. - The employee stock ownership plan holds 9,863,964 shares, representing a significant portion of the company's equity[112]. Future Outlook - The company plans to continue expanding its market presence and developing new products in the upcoming quarters[137]. - Future guidance indicates a focus on increasing production efficiency and expanding into new markets[72]. - The company is committed to sustainability and aims to further reduce its environmental footprint in the coming years[72].