东瑞股份(001201) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 635,266,895.45, representing a 14.29% increase compared to CNY 555,832,713.86 in the same period last year[11]. - The net loss attributable to shareholders of the listed company decreased to CNY -110,045,118.23, a 66.66% improvement from CNY -330,110,541.32 in the previous year[11]. - The basic earnings per share improved to CNY -0.43, a 72.26% increase from CNY -1.55 in the previous year[11]. - The company's operating revenue for the current period reached ¥635,266,895.45, representing a year-on-year increase of 14.29% primarily due to rising pig sales prices[33]. - The company reported a net income from cash management of ¥3,796.34 million from idle funds, with a balance of ¥11,911.14 million remaining in the fundraising account[45]. - The company reported a significant increase in sales revenue from CNY 533.21 million to CNY 620.42 million in cash received from sales of goods and services[117]. - The total comprehensive loss for the first half of 2024 was CNY 19.24 million, compared to a loss of CNY 49.36 million in the same period of 2023[116]. Cash Flow and Investments - The net cash flow from operating activities was CNY -78,576,479.19, which is a 28.76% decline compared to CNY -61,026,254.30 in the same period last year[11]. - The company reported cash and cash equivalents at the end of the period amounting to CNY 737.42 million, an increase from CNY 498.67 million at the end of the previous year[118]. - The total cash inflow from financing activities was CNY 701.94 million, while cash outflow was CNY 649.15 million, resulting in a net cash inflow of CNY 52.79 million[118]. - Investment activities resulted in a net cash outflow of CNY 389.24 million, an improvement from a net outflow of CNY 548.19 million in the same period last year[118]. - The company reported a significant increase in cash outflow related to other operating activities, which rose to 1,202,544,328.30 CNY from 605,953,095.30 CNY, indicating a rise of approximately 98.6%[119]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,049,448,709.16, a slight decrease of 0.74% from CNY 6,094,797,681.93 at the end of the previous year[11]. - The net assets attributable to shareholders of the listed company decreased by 3.90% to CNY 3,363,491,122.38 from CNY 3,499,844,270.61 at the end of the previous year[11]. - Total liabilities increased from ¥2,588,479,276.00 to ¥2,678,171,530.08, an increase of approximately 3.5%[109]. - Short-term borrowings rose from ¥764,580,980.54 to ¥959,702,356.16, an increase of about 25.5%[109]. - The company’s total equity attributable to shareholders at the end of the reporting period was 3,506,318,405.93 CNY, reflecting a decrease from the previous year[120]. Market and Industry Position - The company is a key player in the agricultural industry, recognized as a national key leading enterprise in agricultural industrialization[19]. - The company’s "Dongrui" brand live pigs have consistently ranked first in the supply of live pigs to Hong Kong from the mainland[19]. - The breeding industry accounted for 91.86% of total revenue, with a year-on-year increase of 10.51% in revenue from pig sales[34]. - The company has established an integrated industry chain for pig breeding, ensuring effective control over product quality and food safety[21]. - The average price of pigs has been rising due to reduced supply, with pork production in the first half of 2024 down by 1.7% year-on-year to 29.81 million tons[15]. Research and Development - The company’s R&D expenses increased by 29.76% to ¥14,515,519.00, reflecting higher material consumption for research[33]. - The company has invested significantly in breeding technology, measuring approximately 5,000 breeding pigs annually, and has introduced advanced breeding equipment to enhance genetic performance[29]. - The company has established a key laboratory for pig feed nutrition and food safety, focusing on the nutritional needs of pigs at different growth stages[22]. - The company has filed for two invention patents related to pig farming systems, addressing the challenges of large-scale farming and environmental protection[31]. Risk Management - The company faces major risks including significant animal disease risks and fluctuations in pig prices[2]. - The company has implemented a four-level biosecurity system to prevent African swine fever, with advanced detection equipment and a specialized veterinary team for real-time monitoring[23]. - The company has established a comprehensive disease prevention management system to mitigate risks associated with animal diseases[55]. Environmental and Social Responsibility - The company is committed to sustainable development and has integrated environmental protection into its operational agenda[63]. - The company has obtained valid pollution discharge permits for all subsidiaries, ensuring compliance with environmental regulations[65]. - The company has contributed over CNY 30 million to social welfare initiatives, supporting rural revitalization and education[70]. - The company paid an environmental protection tax of CNY 15,875.45 during the reporting period[68]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[2]. - The company has committed to not transferring or managing shares held prior to the public offering for 36 months from the listing date, which will end on April 27, 2024[71]. - The company has fulfilled all commitments made by its actual controllers and shareholders within the specified time frames[71]. - The company has no reported cases of exceeding pollution discharge standards during the reporting period[66]. Financial Reporting and Compliance - The half-year financial report has not been audited, but there are no instances of non-standard audit reports[72]. - The financial statements are prepared in accordance with the Chinese Accounting Standards and reflect the company's financial position accurately[134]. - The company has a continuous operation basis for its financial reporting[132]. - The company recognizes the cost of business combinations as the fair value of assets, liabilities, and equity securities issued at the acquisition date[140].