广弘控股(000529) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 1,223,845,239.72, a decrease of 9.81% compared to CNY 1,357,007,223.76 in the same period last year[11]. - Net profit attributable to shareholders was CNY 70,734,481.18, down 44.47% from CNY 127,374,011.61 year-on-year[11]. - The net profit after deducting non-recurring gains and losses was CNY 54,041,325.17, a decline of 39.40% compared to CNY 89,173,667.68 in the previous year[11]. - Basic and diluted earnings per share were both CNY 0.1212, reflecting a decrease of 44.45% from CNY 0.2182 in the previous year[11]. - The weighted average return on equity was 2.23%, down 1.91% from 4.14% in the same period last year[11]. - Total assets at the end of the reporting period were CNY 6,423,098,869.29, a decrease of 8.27% from CNY 7,002,318,456.56 at the end of the previous year[11]. - Net assets attributable to shareholders were CNY 3,121,312,518.51, a slight decrease of 0.54% from CNY 3,138,146,586.83 at the end of the previous year[11]. - The company reported a significant increase in cash flow from operating activities, with a net cash flow of -¥23,003,415.25, improving by 80.83% from -¥119,989,857.68 in the previous year[39]. - The company managed to reduce its operating costs to ¥1,175,330,847.50, a decrease of 8.84% from ¥1,289,346,528.34 in the previous year[38]. - The company reported a profit before tax of CNY 79,629,339.70, a decrease of 46.9% compared to CNY 149,838,994.52 in the previous year[118]. Revenue and Sales - Total revenue for the reporting period was ¥1,223,845,239.72, a decrease of 9.81% compared to ¥1,357,007,223.76 in the same period last year[40]. - Frozen product sales accounted for ¥1,003,251,349.98, representing 81.98% of total revenue, down 14.25% from ¥1,169,996,690.56[40]. - Revenue from sales of breeding poultry increased by 121.03% to ¥72,174,431.44, compared to ¥32,653,588.27 in the previous year[40]. - Revenue from sales outside Guangdong province rose by 66.22% to ¥164,816,377.28, compared to ¥99,155,939.90 last year[40]. - The sales volume of "Guangshi" brand bulk raw meat reached nearly 2,000 tons, representing a year-on-year increase of 81%[24]. Costs and Expenses - The total cost of materials (procurement cost) in the food sector was approximately 1.09 billion yuan, accounting for 93.12% of the total operating costs, a decrease of 9.82% year-on-year[29]. - The revenue from frozen pork decreased by 3.55% to 537.97 million yuan, while the revenue from frozen beef and lamb decreased by 15.50% to 278.48 million yuan[27]. - The company reported a 7.05% decrease in selling expenses, totaling ¥15,710,052.23, compared to ¥16,901,988.49 in the previous year[42]. - Financial expenses improved, with a net financial cost of -CNY 13,643,938.75 compared to -CNY 21,798,871.06 in the previous year[117]. Investments and R&D - The company has invested in R&D amounting to ¥2,361,822.88, a decrease of 15.77% from ¥2,804,125.12 in the previous year[39]. - The company plans to increase its investment in new product development and market expansion strategies in the upcoming quarters[40]. - The company is exploring potential mergers and acquisitions to strengthen its market position[92]. Assets and Liabilities - Cash and cash equivalents decreased by 15.38% to ¥1,729,500,055.32, down from ¥2,962,710,338.85 at the end of the previous year[45]. - Short-term borrowings decreased by 9.65% to ¥1,395,044,384.01, compared to ¥2,196,482,524.51 last year[45]. - Total liabilities decreased from CNY 3,832,466,834.76 to CNY 3,261,386,107.12, a reduction of approximately 14.9%[113]. - The company's retained earnings decreased from CNY 1,481,514,944.39 to CNY 1,464,680,876.07, a reduction of approximately 1.1%[113]. Corporate Governance and Shareholder Relations - The company has established a comprehensive investor relations management system, ensuring fair and transparent communication with all shareholders[66]. - The company held its first extraordinary general meeting of 2024 on February 2, with an investor participation rate of 55.79%[55]. - The annual general meeting for 2023 took place on May 29, 2024, with a participation rate of 56.16%[55]. - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[57]. Environmental and Regulatory Compliance - The company has obtained an environmental impact assessment approval and a pollution discharge permit for its construction projects[61]. - The company operates a biogas pool, a sewage treatment plant, and a chlorine deodorization device, all functioning normally[62]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[59]. - The company reported zero administrative penalties related to environmental issues during the reporting period[63]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of June 30, 2024[140]. - The company adheres to the principle of materiality in its financial reporting, ensuring that significant matters are disclosed based on their nature and amount[142]. - The semi-annual financial report was not audited[110]. Future Outlook and Strategic Plans - The company aims to achieve breakthroughs in industry scale, operational quality, and technological innovation through its strategic focus on the food industry[23]. - The company plans to expand its market presence and product offerings in the upcoming quarters[92]. - New product and technology developments are underway, focusing on enhancing operational efficiency and market competitiveness[92].