长青股份(002391) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 1,941,669,462.02, a decrease of 3.10% compared to CNY 2,003,732,106.40 in the same period last year[11]. - Net profit attributable to shareholders was CNY 19,415,486.52, down 88.75% from CNY 172,534,495.26 year-on-year[11]. - The net profit after deducting non-recurring gains and losses was CNY 20,791,324.22, a decrease of 88.20% compared to CNY 176,144,264.25 in the previous year[11]. - Basic earnings per share dropped to CNY 0.0315, down 88.14% from CNY 0.2656 in the previous year[11]. - The total comprehensive income attributable to the parent company for the first half of 2024 was CNY 16,906,286.52, compared to CNY 171,616,495.26 in the same period of 2023[112]. - The total profit for the first half of 2024 was a loss of CNY 17,964,949.81, compared to a profit of CNY 61,438,632.54 in the first half of 2023[114]. - The company reported a significant increase in investment losses, reporting a loss of CNY 4,253,037.16 in the first half of 2024, compared to a profit of CNY 4,449,313.33 in the same period of 2023[113]. Cash Flow - The net cash flow from operating activities increased significantly by 265.05% to CNY 293,877,649.29 from CNY 80,504,086.45 in the same period last year[11]. - Cash inflows from operating activities totaled CNY 1,175,312,713.02 in the first half of 2024, down from CNY 1,518,707,452.15 in the first half of 2023, representing a decline of 22.6%[115]. - The net cash flow from operating activities for the first half of 2024 was -65,680,366.91 CNY, a decrease from 4,823,432.08 CNY in the same period of 2023[118]. - The total cash and cash equivalents at the end of the period decreased to 236,726,750.19 CNY from 458,982,640.49 CNY at the end of the previous year, a decline of about 48.7%[118]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,613,374,696.80, an increase of 6.99% from CNY 8,050,482,608.58 at the end of the previous year[11]. - The company's total liabilities reached CNY 4,213,685,964.88, up from CNY 3,469,554,960.86, which is an increase of about 21.43%[106]. - Accounts receivable rose significantly to CNY 1,016,431,434.11 from CNY 565,224,443.78, representing an increase of approximately 79.93%[104]. - Short-term borrowings increased to CNY 1,567,250,111.31 from CNY 1,337,750,693.07, marking a rise of approximately 17.16%[105]. Market Position and Strategy - The company ranks 20th in the 2024 list of China's top 100 pesticide sales companies, as published by the China Pesticide Industry Association[22]. - The company focuses on the development, production, and sales of "high-efficiency, low-toxicity, and low-residue" pesticide raw materials and formulations[22]. - The company is positioned to benefit from the trend of increasing demand for environmentally friendly pesticides as traditional high-toxicity products are phased out[19]. - The company is enhancing its innovation system and increasing R&D investment to improve its international competitiveness in the pesticide industry[21]. Environmental Compliance - The company adheres to strict environmental standards, including surface water quality and air quality standards, ensuring compliance with national regulations[59][60]. - The company is committed to environmental protection and pollution control, implementing rigorous monitoring and compliance measures[64]. - The company’s wastewater discharge limits include a COD concentration of ≤350 mg/L as per the relevant local regulations[63]. - The company has established a comprehensive environmental management system, achieving GB/T24001-2004/ISO14001:2004 certification, indicating advanced environmental management levels in the industry[30]. Research and Development - Research and development investment decreased by 16.76% to approximately ¥92.92 million from ¥111.63 million in the previous year[34]. - The company has a strong focus on technological innovation and R&D, with partnerships with various research institutions and a high-quality R&D team[27]. - The company is committed to ongoing research and development in agricultural chemicals to enhance its product offerings and market competitiveness[130]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[2]. - The company has not engaged in any major asset or equity acquisitions or disposals during the reporting period[80]. - The company’s governance structure remains stable, with no changes in board members or senior management during the reporting period[57]. - The company has committed to maintaining a stable profit distribution policy to protect the rights of small and medium investors[75]. Financial Management - The company has a diversified investment strategy, utilizing self-owned funds for all financial products listed[90]. - The company has confirmed that all financial products have been recovered on time, indicating effective cash management[90]. - The company has not reported any changes in the use of raised funds, indicating stability in its financial strategy[45]. - The company has not faced any administrative penalties for environmental issues during the reporting period[73].