*ST正邦(002157) - 2015 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2015 was approximately ¥8.33 billion, representing a 10.30% increase compared to ¥7.55 billion in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥6.40 million, a significant turnaround from a loss of ¥145.39 million in the previous year, marking a 104.42% improvement[20]. - The net cash flow from operating activities reached ¥265.14 million, up 201.64% from ¥87.90 million in the same period last year[20]. - The total assets at the end of the reporting period were approximately ¥7.99 billion, an increase of 9.24% from ¥7.31 billion at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were approximately ¥2.02 billion, showing a slight increase of 0.32% from ¥2.01 billion at the end of the previous year[20]. - The basic earnings per share improved to ¥0.01 from a loss of ¥0.34 per share in the same period last year, reflecting a 102.94% increase[20]. - The weighted average return on net assets was 0.32%, a significant recovery from -16.15% in the previous year[20]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, amounting to -¥24.96 million, an improvement of 84.26% from -¥158.61 million in the previous year[20]. Revenue Breakdown - The company achieved total operating revenue of CNY 8,332,088,088.95, representing a year-on-year growth of 10.30%[29]. - The feed business sold 222.23 million tons, generating sales revenue of CNY 713,793.91 million, up 8.65% year-on-year[28]. - The company sold 75.67 million pigs, achieving sales revenue of CNY 92,526.31 million, which is a 49.25% increase year-on-year[28]. - The sales of concentrated feed amounted to ¥376.22 million, up 14.88% year-on-year, while premix feed sales increased by 23.07% to ¥212.85 million[34]. - The pig farming segment generated ¥925.26 million, reflecting a growth of 3.68%, with a significant contribution from the breeding of high-quality "Double Muscle" pigs[35]. - The southern region contributed ¥2.79 billion in revenue, while the northern region generated ¥4.55 billion, showing growth rates of 5.50% and 6.13% respectively[34]. Investment and R&D - The company raised its R&D investment to CNY 60,810,251.16, reflecting a 40.64% increase compared to the previous year[29]. - The company invested ¥891.84 million in external equity investments during the reporting period, with a 100% stake in several companies including Jiangxi Xiaomuren E-commerce Co., Ltd.[38]. - The company holds 31 patents, including 12 invention patents, and continues to enhance its R&D capabilities in feed, breeding, and veterinary medicine[37]. Corporate Governance and Compliance - The company has maintained compliance with corporate governance standards as per relevant regulations and has updated its internal governance documents[67]. - The company has engaged in multiple investor communications, discussing operational performance with various financial institutions[64]. - The company has not encountered any issues or problems in the disclosure of raised funds usage[50]. - The company has committed to avoiding any competition with its controlling shareholder and related enterprises[97]. Shareholder Information - The total number of shares is 596,346,568, with 35.23% being restricted shares and 64.77% being unrestricted shares[107]. - The largest shareholder, Zhengbang Group, holds 29.43% of the shares, amounting to 175,485,305 shares[110]. - The second largest shareholder, Jiangxi Yonglian Agricultural Holdings, holds 27.72% of the shares, totaling 165,290,000 shares[110]. - The report indicates no changes in the number of shares held by major shareholders during the reporting period[110]. Financial Liabilities and Guarantees - The total liabilities increased to CNY 5,565,665,614.72, compared to CNY 4,890,608,339.67 at the beginning of the year, marking a rise of 13.8%[125]. - The total approved guarantee amount for subsidiaries during the reporting period was CNY 51.4 million, with actual guarantees amounting to CNY 15.93 million[93]. - The total guarantee amount accounted for 80.29% of the company's net assets[93]. Future Outlook - The company expects a net profit of between 12,000 and 18,000 thousand yuan for the first nine months of 2015, a turnaround from a loss of 11,550.02 thousand yuan in the same period last year[59]. - The company is focusing on the recovery of the breeding industry, with rising pig prices contributing to improved financial performance[59]. Miscellaneous - The company has not reported any epidemic occurrences during the reporting period, ensuring healthy livestock output[35]. - No major litigation or arbitration matters were reported during the reporting period[68]. - The company has no media controversies during the reporting period[69]. - The company completed the acquisition of 100% equity in Jiangxi Zhengbang Biochemical Co., Ltd. on July 18, 2015[31].