WESTERN ANIMAL(300106)2014-08-15 16:00Financial Performance - Total revenue for the first half of 2014 reached ¥338,939,004.48, representing a 20.82% increase compared to ¥280,538,981.20 in the same period last year[17]. - Net profit attributable to shareholders was ¥20,327,699.52, up 25.68% from ¥16,173,571.19 year-on-year[17]. - Net profit after deducting non-recurring gains and losses was ¥18,096,577.06, a 34.56% increase from ¥13,448,321.40 in the previous year[17]. - Basic earnings per share increased by 21.43% to ¥0.17, up from ¥0.14 in the previous year[17]. - Operating profit reached CNY 19.06 million, representing a growth of 47.7% compared to the same period last year[28]. - The company reported a net profit for the first half of 2014 of CNY 24,516,010.89, showing an increase compared to the previous period[138]. Cash Flow - Net cash flow from operating activities surged by 163.49% to ¥19,853,364.61, compared to ¥7,534,893.10 in the same period last year[17]. - The company reported a significant increase in cash flow per share from operating activities, which rose by 182.83% to ¥0.1697 from ¥0.06 in the previous year[17]. - The cash inflow from operating activities totaled CNY 534,791,518.61, a significant increase from CNY 252,897,918.33 in the previous period, representing a growth of approximately 111%[131]. - The net cash flow from financing activities was CNY 18,116,493.72, down from CNY 46,036,714.47 in the prior period, showing a decline of about 61%[132]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,408,153,988.13, a 10.00% increase from ¥1,280,128,573.11 at the end of the previous year[17]. - Current liabilities increased to CNY 615,271,079.03 from CNY 519,369,747.60, which is an increase of around 18.5%[120]. - Total liabilities rose to CNY 696,967,155.36 from CNY 593,457,751.23, marking an increase of about 17.5%[120]. - The total equity increased to CNY 711,186,832.77 from CNY 686,670,821.88, showing a growth of approximately 3.5%[120]. Revenue Sources - The main sources of profit for the company in the first half of 2014 were self-produced fresh milk sales, dairy product sales, and breeding livestock sales, while sales of purchased fresh milk significantly declined[39]. - Self-produced fresh milk revenue was CNY 73.25 million, a significant increase of 36.88% compared to the previous year[29]. - The revenue from self-produced fresh milk reached 73,246,003.92 CNY, an increase of 36.88% from the previous year, while dairy product sales increased by 13.44% to 122,621,874.19 CNY[34]. Investment and Projects - The project for the construction of a high-yield dairy cattle breeding base has a total investment of 9,073.24 million, with a completion rate of 100.44%[54]. - The company has invested in multiple research projects, including integrated demonstration of dairy cattle sex control breeding technology and standardized breeding technology[43]. - The company has established long-term stable partnerships with well-known dairy companies such as Yili and Wahaha, enhancing its competitive advantage[44]. Shareholder Information - The controlling shareholder, Shihezi State-owned Assets Management (Group) Co., Ltd., committed not to transfer or entrust the management of its shares for 36 months from the date of the company's stock listing[99]. - The largest shareholder, Shihezi State-owned Assets Management Group Co., Ltd., holds 44.32% (51,856,138 shares) of the company[107]. - The total number of shareholders at the end of the reporting period is 11,201[106]. Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. - The company has implemented a cash dividend policy, distributing no less than 10% of the annual distributable profit in cash dividends[69]. - The company plans to distribute a cash dividend of RMB 0.25 per 10 shares, totaling a payout based on a total share capital of 117,000,000 shares, resulting in a total distribution of RMB 29.25 million[72]. Operational Strategy - The company is focusing on cost control and optimizing operational management to ensure stable and sustainable growth[32]. - The company plans to enhance product safety and market promotion, investing significantly in producing high-quality products[30]. - The company aims to become a leading enterprise in the livestock industry, focusing on high-end dairy products and beef production[48]. Compliance and Governance - The financial report for the first half of 2014 has not been audited yet[101]. - The company has not reported any significant litigation or arbitration matters during the reporting period[77]. - The company has not engaged in any repurchase transactions during the reporting period[108].