京基智农(000048) - 2014 Q2 - 季度财报

Financial Performance - The company's operating revenue for the reporting period was ¥730,950,130.29, representing a 7.33% increase compared to ¥681,022,794.03 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥5,570,579.61, a decrease of 84.38% from ¥35,656,695.09 in the previous year[18]. - Basic earnings per share decreased by 84.32% to ¥0.0143 from ¥0.0912 in the same period last year[18]. - The weighted average return on net assets dropped to 0.34%, down 7.96% from 8.30% in the previous year[18]. - Operating profit reached ¥796,000, an impressive year-on-year growth of 268.81, while net profit decreased by 84.38% to ¥557,000[26]. - The company reported a net profit for the current period of ¥5,845,365.65, a significant decrease of 83.4% from ¥35,107,273.41 in the previous period[114]. - The company's comprehensive income totalled ¥5,599,730.49, down from ¥35,598,577.12 in the previous period, reflecting a decline of 84.3%[114]. Cash Flow - The net cash flow from operating activities was ¥213,219,733.79, a significant improvement from a negative cash flow of ¥69,643,551.44 in the same period last year[18]. - The company reported a net cash flow from operating activities of ¥213,219,733.79, a turnaround from a negative cash flow of -¥69,643,551.44 in the previous period[120]. - Cash inflow from operating activities was ¥1,028,602,229.59, compared to ¥725,002,999.87 in the previous period, indicating a growth of 41.8%[120]. - The net cash flow from investment activities was -¥47,851,592.00, an improvement compared to -¥158,967,929.00 in the previous period[123]. - Cash and cash equivalents at the end of the period increased to ¥101,149,611.10 from ¥6,520,101.44, representing a substantial rise of approximately 1444.5%[124]. - The company reported a net increase in cash and cash equivalents of ¥85,305,405.40, contrasting with a decrease of -¥5,343,298.68 in the previous period[124]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,615,189,985.55, an increase of 21.39% from ¥1,330,565,566.90 at the end of the previous year[18]. - The total current assets increased to CNY 939,841,950.93 from CNY 633,391,966.39, representing a growth of approximately 48.3%[107]. - The total liabilities rose to CNY 1,125,420,619.40 from CNY 846,855,603.02, indicating an increase of about 33%[109]. - The total equity increased to CNY 489,769,366.15 from CNY 483,709,963.88, reflecting a growth of approximately 1.2%[109]. - The total amount of entrusted financial management funds is 36,550,000 RMB, with 16,550,000 RMB recovered[39]. Investments and Projects - Research and development investment increased by 5.05% to ¥10,204,304.12, reflecting enhanced R&D efforts in the Dongguan company[28]. - The total planned investment for the Banshuegang Water Plant project is 27.20 million, with 12.19 million invested to date, achieving 44.81% of the project completion[48]. - The Huizhou Zhengshun Phase I expansion project has a total planned investment of 4.24 million, with 3.24 million invested, reaching 76.56% completion[48]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 13,642[94]. - The largest shareholder, Shenzhen Huachao Investment Group Co., Ltd., holds 26.36% of shares, totaling 102,998,857 shares[94]. - The second-largest shareholder, Chen Lisong, holds 2.20% of shares, totaling 8,604,492 shares[94]. - There were no changes in the controlling shareholder or actual controller during the reporting period[96]. Corporate Governance and Compliance - The company has improved its corporate governance structure and internal control system, ensuring compliance with relevant laws and regulations[58]. - The company is under investigation by the China Securities Regulatory Commission for suspected false statements, which may impact its financial statements[50]. - There were no significant lawsuits or arbitration matters affecting the company during the reporting period[59]. - The company has not been subject to any penalties or rectifications during the reporting period[84]. Operational Highlights - The company achieved operating revenue of ¥730,950,130.29, a year-on-year increase of 7.33% driven by increased feed sales and commercial trade revenue[28]. - The gross profit margin for feed production improved to 6.51%, with a year-on-year increase of 9.30%[31]. - The transportation segment saw a revenue increase of 23.20% to ¥47,470,357.91, with a gross profit margin of 46.43%[31]. - The company sold 280 out of 300 available units in the first phase of its real estate project, indicating strong market demand[29]. Financial Management - The company has no derivative investments during the reporting period[40]. - There are no entrusted loan situations reported for the company in the current period[41]. - The company has no changes in the use of raised funds during the reporting period[42]. - The company has not disclosed any related party transactions in the current period[39]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance and the China Securities Regulatory Commission[139]. - The financial statements are prepared based on the going concern assumption and historical cost measurement[138]. - The company uses RMB as its functional currency for domestic operations[141]. - The company has maintained a consistent accounting policy with no significant changes reported[130].