长青股份(002391) - 2016 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2016 was CNY 954,491,303.74, representing a 0.89% increase compared to CNY 946,079,805.78 in the same period last year[19]. - The net profit attributable to shareholders decreased by 18.26% to CNY 107,489,246.26 from CNY 131,501,400.83 year-on-year[19]. - Basic earnings per share fell by 24.69% to CNY 0.299 from CNY 0.397 in the same period last year[19]. - The company achieved operating revenue of CNY 954.49 million in the first half of 2016, a year-on-year increase of 0.89%[27]. - Net profit attributable to shareholders was CNY 107.49 million, a decrease of 18.27% compared to the same period last year[27]. - The company reported a decrease in the weighted average return on net assets to 3.67% from 5.20% year-on-year[19]. - The company reported a net profit distribution to shareholders of CNY -108,641,445.10 during the period[152]. Cash Flow and Investments - The net cash flow from operating activities was CNY 134,823,421.54, down 17.45% from CNY 163,326,511.71 in the previous year[19]. - The company reported a net cash flow from financing activities of CNY 90,153,372.48, compared to a negative CNY 79,147,170.06 in the previous period[140]. - The company utilized 110 million CNY of raised funds to repay bank loans and 80 million CNY to supplement working capital[58]. - Investment activities resulted in a net cash outflow of CNY 167,706,740.78, compared to a smaller outflow of CNY 29,677,200.70 in the previous year[139]. Assets and Liabilities - Total assets increased by 8.39% to CNY 3,849,673,486.73 compared to CNY 3,551,728,106.83 at the end of the previous year[19]. - Total liabilities rose to CNY 961,239,607.07, compared to CNY 663,803,984.48, marking an increase of around 44.8%[125]. - Current assets totaled CNY 1,674,438,782.88, up from CNY 1,467,274,156.38, indicating an increase of about 14.1%[124]. - The company's total assets reached CNY 3,849,673,486.73, up from CNY 3,551,728,106.83, indicating an increase of approximately 8.4%[126]. Research and Development - The company invested CNY 37.96 million in R&D, representing a 2.20% increase year-on-year, and obtained 4 new invention patents during the reporting period[28]. - The company invests over 4% of its annual sales revenue in R&D, having obtained 22 invention patents and participated in the formulation of over 20 national and industry standards for pesticides by June 2016[36]. Market and Sales Performance - The insecticide product line saw an 11.09% increase in revenue, while the herbicide segment experienced a 2.07% decline[29]. - The self-export revenue decreased by 23.39% to CNY 309.18 million, while agency export revenue increased by 8.74% to CNY 140.70 million[34]. - The company reported a decrease in sales revenue from CNY 577,853,740.12 to CNY 493,690,052.09, reflecting a decline of approximately 14.6%[141]. Corporate Governance and Compliance - The company has established an internal audit system to oversee financial conditions and the use of raised funds, reporting to the audit committee[76]. - The governance structure complies with relevant laws and regulations, ensuring transparency and protection of minority shareholders' rights[73]. - The company has not faced any penalties or corrective actions during the reporting period[99]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 22,694[110]. - The largest shareholder, Yu Guoquan, holds 30.88% of the shares, totaling 111,008,978 shares[110]. - The total number of restricted shares at the end of the period is 139,069,491, down from 158,235,673, a decrease of approximately 12%[109]. Environmental and Safety Management - The company is focusing on enhancing product quality and safety management, with no major safety or environmental incidents reported during the period[32]. - The company has completed a foreign fluidized bed incineration project with a disposal capacity of 29,500 tons per year, which is currently in the debugging phase, enhancing its environmental management capabilities[38]. Financial Management - The company has no overdue principal or income, showcasing strong financial management[49]. - The company has no derivative investments during the reporting period, indicating a conservative investment strategy[50]. - The company has not reported any major non-fundraising investment projects during the reporting period[65]. Accounting Policies - The company has specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition[172]. - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect its financial position, operating results, and cash flows for the reporting period[173].