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史丹利(002588) - 2017 Q2 - 季度财报
STANLEYSTANLEY(SZ:002588)2017-08-23 16:00

Financial Performance - The company's operating revenue for the first half of 2017 was ¥2,805,523,129.37, a decrease of 7.08% compared to ¥3,019,412,458.27 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥204,357,061.72, down 45.88% from ¥377,630,838.65 in the previous year[18]. - Basic earnings per share decreased by 43.75% to ¥0.18 from ¥0.32 in the previous year[18]. - The company reported a significant decline in both revenue and profit, indicating challenges in the market environment[18]. - The company's revenue for the manufacturing sector reached ¥2,429,427,470.69, a decrease of 10.86% compared to the previous year[42]. - The gross profit margin for the manufacturing sector was 23.52%, down 4.21% year-on-year[42]. - The company reported a significant increase in financial expenses by 206.24%, primarily due to increased short-term loan interest expenses[40]. - The company experienced a 128.28% increase in investment income, reaching ¥28,866,594.98, attributed to higher financial returns[40]. - The company reported a net profit attributable to shareholders for the first nine months of 2017 expected to be between 23,129.48 million and 32,381.27 million yuan, representing a decrease of 30% to 50% compared to the same period in 2016[66]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥482,238,708.97, a decline of 356.38% compared to ¥188,091,916.85 in the same period last year[18]. - The cash flow from operating activities shows a net outflow of ¥482,238,708.97, contrasting with a net inflow of ¥188,091,916.85 in the previous period[147]. - The total amount of cash and cash equivalents at the end of the reporting period was ¥337,277,447.1, representing 5.27% of total assets, down from 6.89% the previous year[45]. - The total cash and cash equivalents at the end of the period is ¥195,140,577.32, down from ¥244,069,996.11 at the end of the previous period[148]. - The company reported a significant decrease in sales revenue from cash received for goods sold, totaling ¥2,435,727,829.77, down from ¥3,418,298,843.01 in the previous period[146]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,401,089,251.38, down 6.66% from ¥6,857,986,416.70 at the end of the previous year[18]. - The company's equity assets increased by 5.2% compared to the beginning of the period, primarily due to a reduction in investments by its subsidiary in the agricultural services sector[27]. - The company's intangible assets decreased by 2.21% due to amortization and the exclusion of certain joint ventures from consolidation[27]. - Total liabilities decreased to CNY 2,118,597,625.28 from CNY 2,612,867,975.24, a reduction of approximately 19.0%[132]. - Current liabilities decreased to CNY 1,886,196,291.27 from CNY 2,374,973,133.23, indicating a decline of about 20.6%[132]. Investment and Development - Research and development investment amounted to ¥75,610,981.57, a decrease of 7.29% year-on-year[40]. - The company has cumulatively invested ¥113,103.07 million of the raised funds, with no changes in the purpose of the raised funds during the reporting period[51]. - The investment progress for the new type of slow-release fertilizer project in Shandong reached 91.54% as of September 30, 2016[53]. - The company has adjusted its production strategy to include one 400,000-ton/year high tower melting granulation crop-specific slow-release compound fertilizer production line and two 200,000-ton/year ammonium acid drum granulation slow-release compound fertilizer production lines[58]. Market and Product Strategy - The company plans to enhance brand building and improve product structure in response to market pressures[35]. - The company has developed a diverse range of products, including high tower compound fertilizers, water-soluble fertilizers, and bio-fertilizers, to meet various agricultural needs[30]. - The company launched the "Terley" series products in collaboration with a Dutch company, including over 20 types of fertilizers[36]. - The company has established production bases in multiple provinces, enhancing its ability to respond quickly to fertilizer demands across major planting areas[30]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for this period[7]. - The company has been implementing a restricted stock incentive plan since 2014, with 7.3 million shares allocated to 84 management and core technical personnel[80]. - The total number of ordinary shareholders at the end of the reporting period was 54,586[113]. - The largest shareholder, Gao Wenban, holds 22.86% of the shares, totaling 264,518,800 shares[113]. - The company has committed to maintaining its independent operational status and adhering to corporate governance principles[74]. Risks and Challenges - The company faced challenges in raw material procurement due to fluctuating prices, particularly for urea[37]. - The company is exposed to raw material price volatility risks, particularly for key fertilizers like urea and potassium chloride, which can affect overall performance[67]. - The company anticipates that environmental protection regulations may change, which could impose restrictions on production and development if not adapted to promptly[67]. - The company faces risks related to fluctuations in grain prices, which may affect farmers' planting enthusiasm and subsequently impact product sales[67]. Compliance and Reporting - The half-year financial report has not been audited[75]. - The company has not encountered any issues or problems regarding the disclosure of fundraising usage[56]. - The financial report for the first half of 2017 was not audited[128]. - The company’s financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[171].