仙坛股份(002746) - 2015 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2015 was approximately RMB 1.76 billion, an increase of 1.22% compared to RMB 1.73 billion in 2014[28]. - The net profit attributable to shareholders decreased by 49.13% to approximately RMB 22.56 million from RMB 44.34 million in 2014[28]. - The net profit after deducting non-recurring gains and losses fell by 83.54% to approximately RMB 6.04 million from RMB 36.71 million in 2014[28]. - The net cash flow from operating activities increased by 57.10% to approximately RMB 154.13 million compared to RMB 98.11 million in 2014[28]. - The total assets at the end of 2015 were approximately RMB 1.45 billion, a decrease of 3.15% from RMB 1.50 billion at the end of 2014[28]. - The basic earnings per share decreased by 59.46% to RMB 0.15 from RMB 0.37 in 2014[28]. - In 2015, the company achieved a total revenue of ¥1,755,788,002.76, representing a year-on-year growth of 1.22%[60]. - The net profit attributable to shareholders was ¥22,557,355.38, a decrease of 49.13% compared to the previous year[60]. - The company sold 98,234,955 broilers during the year, with a slaughter volume of 97,389,863[60]. - Chicken product sales accounted for 95.16% of total revenue, increasing by 7.63% year-on-year[64]. Cost Structure - The company reported that approximately 67% of its main business costs are attributed to feed costs, with corn and soybean meal accounting for over 40% of total costs[8]. - The company is exposed to risks related to raw material supply and price volatility, particularly for corn and soybean, which could increase production costs[8]. - The operating cost for chicken farming and slaughtering was ¥1,671,292,353.97, reflecting a year-on-year increase of 4.30%[73]. - The raw material cost for chicken products was ¥1,126,098,594.33, which constituted 70.27% of the total operating cost[74]. Business Strategy and Expansion - The company is investing in a cooked food processing project to extend its industry chain and enhance revenue, although market growth may not meet expectations[13]. - The company aims to achieve an annual output of over 120 million broilers in the next three years, optimizing production capacity across all segments including slaughtering and feed supply[103]. - The company plans to increase the variety of frozen chicken products from 120 to over 200 by improving processing capabilities and introducing advanced equipment[105]. - The company intends to expand its business scope by developing ready-to-eat products and establishing dedicated chicken product stores in supermarkets[102]. - The company will enhance its integrated operational model to mitigate market fluctuations and ensure stable production[101]. - The company has established three wholly-owned subsidiaries and a joint venture, indicating ongoing market expansion efforts[61]. Risk Management - The company faces risks from poultry epidemics, which could lead to decreased output and increased production costs due to necessary biosecurity measures[5]. - The company acknowledges the risk of price fluctuations in chicken products, which could significantly impact profitability if supply exceeds demand[7]. - The cooperative breeding model allows for rapid expansion of breeding scale while ensuring biosecurity risks are controllable[51]. - The company emphasizes food safety and quality standards, having established a comprehensive management system that complies with national regulations[11]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, based on a total share capital of 159,350,000 as of December 31, 2015[15]. - The cash dividend represents 70.64% of the net profit attributable to the company's ordinary shareholders, which is 22,557,355.38 yuan[124]. - The profit distribution plan for 2015 includes a cash dividend of 1.00 yuan per 10 shares, totaling 15,935,000 yuan[120]. - The total distributable profit for the year is 223,223,398.59 yuan, with the cash dividend accounting for 100% of the profit distribution[124]. Corporate Governance and Compliance - In 2015, the company strictly adhered to relevant laws and regulations, enhancing corporate governance and protecting shareholder rights, which improved governance levels[171]. - The company has not reported any changes in its asset and liability structure during the reporting period[188]. - The company did not experience any major litigation or arbitration matters during the reporting period[138]. - There were no significant accounting errors requiring retrospective restatement during the reporting period[134]. Production and Supply Chain - The company has established a complete industrial chain model covering parent stock breeding, chick incubation, feed production, broiler breeding, and chicken slaughtering and processing[39]. - The company's main business remains unchanged, focusing on breeding, hatching, feed production, and processing of broiler chickens[38]. - The company’s breeding bases are located in Yantai and Weihai, benefiting from ecological advantages and a favorable climate for chicken production[52]. - The company’s feed production is self-researched and produced, ensuring quality control throughout the supply chain[43]. Market and Customer Relations - The company’s chicken products are mainly supplied to the Northeast, North China, and eastern coastal regions of China[47]. - The total sales amount from the top five customers reached ¥542,685,253.34, accounting for 30.91% of the annual total sales[79]. - The largest customer, Shuanghui, contributed ¥164,859,218.65, representing 9.39% of the annual sales[79]. - Domestic sales comprised 100% of total revenue, with a slight increase of 1.29% from the previous year[64]. Human Resources and Social Responsibility - The company will enhance its human resources management by improving its compensation system and talent development programs, focusing on recruiting and training professionals in animal husbandry and veterinary fields[110]. - The company has a strong focus on social responsibility, ensuring employee rights and promoting harmonious labor relations through training and cultural activities[173]. - The company aims to support farmers and promote rural social progress through its "company + self-raised farms + farms" production model[109]. Financial Management and Investments - The company has engaged in entrusted financial management, with various financial products and amounts detailed[160]. - The company reported a total of 2,000 million RMB in financial products for the year 2015, achieving a return of 12.16%[163]. - The company plans to utilize various financing methods to maintain a healthy capital structure and reduce financing costs, ensuring sustainable business development[113]. - The company will issue non-public shares to raise funds for food processing projects and the three-dimensional breeding technology transformation project[115].