*ST天山(300313) - 2016 Q2 - 季度财报

Financial Performance - Total revenue for the reporting period reached ¥210,347,880.87, a significant increase of 316.86% compared to the same period last year[18]. - The net profit attributable to shareholders was -¥29,927,719.31, representing a decline of 195.39% year-on-year[18]. - The net cash flow from operating activities improved to ¥75,269,781.75, a 156.56% increase from -¥133,077,592.74 in the previous year[18]. - Total assets increased by 13.87% to ¥1,038,410,681.52 compared to the end of the previous year[18]. - The equity attributable to shareholders rose by 35.70% to ¥476,726,779.44[18]. - Operating profit was CNY -44,020,388.87, a decrease of 215.33% compared to CNY -13,960,016.24 in the same period last year[30]. - The total profit amounted to CNY -41,879,205.10, representing a decline of 207.73% from CNY -13,608,895.45 year-on-year[30]. - The company reported a net loss of CNY 42,183,639.25, compared to a net loss of CNY 14,028,023.85 in the same period last year, reflecting a 200.71% increase in losses[41]. - The gross margin for the main business fell to 2.10%, down from 38.72% in the previous year, indicating a significant decline in profitability[45]. - The company achieved total operating revenue of CNY 210,347,880.87, a year-on-year increase of 316.86% from CNY 50,459,891.29[30]. Business Strategy and Expansion - The company plans to expand its business by developing a complete beef industry chain, including breeding, fattening, slaughtering, and sales[26]. - The company is extending its business model to cover the entire beef production chain, from breeding to processing and distribution, to improve efficiency and market presence[55]. - The company plans to establish three breeding bases in Xinjiang, Inner Mongolia, and Ningxia, enhancing its market presence and operational capacity[32]. - The company aims to establish a complete industry chain from breeding to beef sales, enhancing economic benefits through resource advantages[63]. - The company is actively promoting the use of sex-sorted frozen semen to control the gender of offspring, enhancing breeding effectiveness[11]. Risks and Challenges - The company faces risks related to government subsidy policies for high-quality dairy cattle, which could impact operations if altered[25]. - The risk of animal diseases remains a significant concern, with measures in place to mitigate this risk through professional veterinary care and biosecurity practices[27]. - The company faces risks from potential changes in good breed subsidy policies, which could impact production and operations[68][69]. - The company is exposed to disease risks that could significantly affect production and operational capabilities[71]. - The company anticipates a potential net loss for the year due to complexities in overseas livestock export and uncertainty regarding the launch of Angus premium meat products[100]. Financial Management and Investments - The company has invested CNY 29,328.47 million in fundraising, with a total of CNY 17,091.25 million already utilized[83]. - The company has a cumulative change in the use of raised funds amounting to CNY 9,818.2 million, representing 33.48% of the total raised funds[83]. - The company has begun implementing fundraising investment projects, but uncertainties remain regarding market conditions that could affect project completion and expected returns[74]. - The company reported a total fundraising amount of RMB 295.49 million, with a net amount of RMB 260.9982 million after deducting issuance costs, and a surplus of RMB 162.8162 million, of which 0.53% has been used in the current period and 89.76% cumulatively[89]. Shareholder and Equity Information - The company reported a total of 1,000 million in principal recovery for the period, with a return of 1.28 million[95]. - The company achieved a return of 1.34 million on a principal of 1,000 million for the financial product in the reporting period[95]. - The company reported a total of 22,939 in financial products, with a yield of 30.69, representing a return of approximately 0.13%[97]. - The total number of shareholders at the end of the reporting period is 9,110[153]. - The company’s total equity at the end of the current period is CNY 527,756,070.13[193]. Compliance and Regulatory Matters - The company has not audited its semi-annual financial report for 2016[135]. - The company received a refund of RMB 38.25 million on April 29, 2016, after terminating a property purchase contract due to ownership defects[89]. - The company will disclose further details regarding the related party transactions in accordance with regulatory requirements[119]. - The company has committed to not transferring or managing its shares during the lock-up period, ensuring compliance with the relevant regulations[134]. Research and Development - Research and development expenses amounted to 1.434 million yuan, representing 0.68% of operating revenue, primarily focused on establishing a breeding value assessment system for bulls[54]. - The company has achieved 54.43% progress in its frozen semen production and research project, with a total investment of CNY 4,152.15 million out of a committed CNY 7,838.65 million[88].