浙江东日(600113) - 2017 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2017 was ¥148,381,197.50, a decrease of 9.53% compared to ¥164,014,826.52 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2017 was ¥41,675,198.22, down 19.12% from ¥51,524,688.44 in the previous year[19]. - The net cash flow from operating activities decreased by 26.35%, amounting to ¥55,059,327.56 compared to ¥74,758,940.63 in the same period last year[19]. - Basic earnings per share for the first half of 2017 were ¥0.13, a decrease of 18.75% compared to ¥0.16 in the same period last year[20]. - The weighted average return on net assets decreased by 3.25 percentage points to 7.06% from 10.31% in the previous year[20]. - The company reported a total non-operating income and expenses of 114,227.48, with a tax impact of -4,916.47[22]. - Operating revenue was CNY 148.38 million, a decrease of 9.53% year-on-year, primarily due to lower vegetable prices and a decline in trading fees in the agricultural wholesale market[38]. - Net profit attributable to shareholders was CNY 41.68 million, down 19.12% from the previous year[34]. - The company reported an operating profit of CNY 53,065,304.10, down 20.9% from CNY 67,049,837.72 in the previous year[86]. - Earnings per share (EPS) for the first half of 2017 was CNY 0.13, compared to CNY 0.16 in the same period last year, a decrease of 18.8%[87]. Assets and Liabilities - The total assets at the end of the reporting period were ¥920,226,025.66, a slight increase of 0.24% from ¥917,985,769.69 at the end of the previous year[19]. - The total assets reached CNY 920.23 million, an increase of 0.24% compared to the same period last year[34]. - Total liabilities decreased to ¥310,377,092.13 from ¥346,326,099.95, a reduction of approximately 10.4%[80]. - The company reported a decrease in short-term borrowings, indicating improved liquidity management[80]. - The total equity attributable to shareholders of the parent company increased to CNY 608,867,296.59 from CNY 570,378,098.37, a growth of 6.7%[81]. - The total owner's equity at the end of the reporting period shows an increase compared to the previous period, with a balance of RMB 584,285.2 million[107]. Market Operations - The company operates four major wholesale markets, including Wenzhou Lighting Market and Wenzhou Vegetable Basket Market, focusing on rental and transaction management services[26]. - Wenzhou Vegetable Basket Market has a daily trading volume of approximately 3,000 tons for vegetables and 1,000 tons for fruits, with a total area of about 440 acres[29]. - The Wenzhou Livestock Market serves as a central hub for pork trading, integrating transaction, information, and financial services[30]. - The company is actively involved in the agricultural supply-side structural reform, aligning with national policies to enhance agricultural productivity and farmer income[24]. - The company is expanding its market presence through the establishment of new agricultural parks and support for modern agricultural practices[25]. Investment and Subsidiaries - The company invested 1.2 million yuan in Wenzhou Vegetable Basket Distribution Co., Ltd. to optimize its asset-liability structure, increasing its registered capital to 2.2 million yuan[44]. - The company established Wenzhou Dongri Freshwater Fish Co., Ltd. with a registered capital of 7 million yuan, holding a 51% stake[44]. - Wenzhou Dongri Real Estate Co., Ltd. reported total assets of 284.26 million yuan and a net profit of 27.79 million yuan[46]. - Wenzhou Yiyou Agricultural Products Market Management Co., Ltd. generated a revenue of 95.42 million yuan and a net profit of 32.39 million yuan[46]. - The investment income from Wenzhou Bank contributed 780,000 yuan to the company's net profit, accounting for 18.72% of the total[46]. Risks and Compliance - The company has detailed the major risks it faces in the management discussion and analysis section of the report[9]. - The company faces market risks due to the lack of a unified national agricultural product circulation system, which may hinder the establishment of an efficient market network[47]. - The agricultural product circulation industry is experiencing challenges from new business models, such as e-commerce, which reduce traditional market roles[48]. - The company highlights a talent risk, as the demand for skilled professionals in agricultural product circulation exceeds the current supply[48]. - The company guarantees that the assets to be injected into the listed company are free from any encumbrances or legal disputes[54]. Cash Flow and Financing - The company reported cash and cash equivalents of ¥95,522,876.48, an increase from ¥82,550,850.14 at the beginning of the period[79]. - The total cash inflow from operating activities was CNY 164,554,749.24, down from CNY 168,593,655.28 year-on-year[92]. - The total cash outflow from financing activities was CNY 46,696,933.85, compared to CNY 336,720,172.77 in the previous year[94]. - The company paid CNY 8,896,933.85 in dividends and interest during the first half of 2017, an increase from CNY 3,864,566.06 in the same period last year[94]. - The company plans to conduct related transactions totaling 12.86 million yuan for daily operations, including selling and purchasing goods, and leasing properties[62]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations[114]. - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[114]. - The company recognizes financial assets and liabilities at fair value upon initial recognition, with specific classifications for different types of financial instruments[123]. - The company conducts impairment testing for financial assets, recognizing impairment losses when the carrying amount exceeds the present value of expected future cash flows[128]. - The company has not reported any significant changes in accounting policies or estimates during the reporting period[166].