CCGB(SZ:300138)2016-08-22 16:00Company Overview - The company’s stock code is 300138, and it is listed on the Shenzhen Stock Exchange[14]. - The registered address of the company is No. 1 Chenguang Road, Quzhou County, Handan City, Hebei Province, with a postal code of 057250[14]. - The company’s legal representative is Lu Qingguo[14]. - The company’s website is http://www.cn-cg.com[14]. - The company’s board secretary is Zhou Jing, and the securities affairs representative is Gao Zhichao[15]. - The company selected "Securities Times" as its information disclosure newspaper[16]. - The company’s half-year report is available on the China Securities Regulatory Commission designated website: http://www.cninfo.com.cn/[16]. - The company’s half-year report is kept at the board office[16]. Financial Performance - The total operating revenue for the reporting period reached ¥1,045,880,022.80, representing a year-on-year increase of 54.37% compared to ¥677,509,123.82 in the same period last year[26]. - The net profit attributable to shareholders of the listed company was ¥51,028,860.60, reflecting a growth of 25.30% from ¥40,724,652.49 in the previous year[26]. - The net cash flow from operating activities surged to ¥272,903,478.97, marking a significant increase of 425.89% compared to ¥51,893,738.96 in the prior year[26]. - The company achieved a gross profit margin of approximately 13.00%, with operating costs rising to ¥910,934,816.91, a 54.93% increase in line with revenue growth[27]. - The weighted average return on equity decreased slightly to 3.53% from 3.97% in the previous year[26]. - The total assets at the end of the reporting period were ¥1,928,452,708.05, a decrease of 3.15% from the previous year[26]. - The company reported a total revenue of 32,858 million yuan, with a slight increase of 0.17% compared to the previous period[66]. - The company reported a total comprehensive income for the current period of ¥57,893,916.97, compared to ¥39,650,547.80 in the previous period, indicating a growth of 46%[154]. Investments and Projects - The company has established a Hong Kong subsidiary to enhance sales channels and expand into overseas markets[26]. - The company is actively developing raw material planting bases and has invested in a chili variety breeding company to ensure a stable supply of quality raw materials[26]. - The company has launched a chili electronic trading platform project to optimize resource allocation and connect supply and demand in the chili industry[26]. - Research and development investment surged by 250% year-on-year, reaching CNY 9,235,138.36, reflecting a strong commitment to innovation[29]. - The company is focusing on expanding the production capacity of stevia sugar to 50 tons per day, with a target to reduce production costs significantly[43]. - The company has completed the development of extraction processes for various products, including astaxanthin and lutein, which are now recognized in the market[43]. - The company is undergoing a transformation project for its protein production line to enhance capacity and product quality, with annual renovations starting in June[43]. - The company has established strategic raw material bases in Xinjiang and India to stabilize supply and minimize cost fluctuations, with a focus on key raw materials like chili and marigold[58]. Risk Management - The company faces foreign exchange risk due to significant overseas sales, primarily settled in USD, and is implementing financial products to mitigate this risk[24]. - The company is exposed to risks related to raw material price fluctuations, which can significantly impact future operating performance[58]. - The company is facing increasing market competition in the natural extract industry, which poses risks to market share and profitability[55]. Shareholder and Stock Information - The company reported a profit distribution of 6,002.00 million to shareholders, reflecting a significant allocation[170]. - The total number of shareholders at the end of the reporting period was 13,001[128]. - Lu Qingguo holds 18.58% of shares, totaling 48,687,492, with 8,114,582 shares under lock-up[129]. - The company has a total of 81,118,848 restricted stock units, with 6,789,243 shares locked and 20,379,897 shares available[127]. - The company plans to unlock 50% of the restricted stock units after 12 months from the grant date, and another 50% after 24 months[127]. - The company reported a total of 10,693 shareholders as of the end of April 2016, increasing to 12,055 by the end of May 2016[130]. - The top 10 shareholders held a total of 70,611,290 shares, with the largest shareholder, Lu Qingguo, holding 48,687,492 shares[136]. Corporate Governance - The company’s board of directors and supervisory board underwent a re-election on January 25, 2016, with several new members elected[138]. - The total number of shares held by directors and senior management at the end of the reporting period was 85,122,190 shares[137]. - The company did not issue any stock options to directors and senior management during the reporting period[138]. - The company has not engaged in any major non-public fund investment projects during the reporting period[75]. - There were no significant litigation or arbitration matters during the reporting period[86]. - The company has not acquired or sold any assets during the reporting period[87][88]. Financial Management - The company has established a three-party supervision agreement for the management of raised funds, ensuring compliance with regulations[63]. - The company has not changed the purpose of the raised funds during the reporting period[62]. - The total amount of raised funds is CNY 649,085,064.75 after deducting various fees from the initial public offering[62]. - The company has completed the profit distribution plan for 2015, distributing a cash dividend of CNY 0.5 per 10 shares and a capital reserve conversion of 2 shares for every 10 shares held[81]. - The company has not provided any guarantees to related parties during the reporting period[97]. Compliance and Accounting - The financial report for the first half of 2016 was not audited[141]. - The company reported that its financial statements for the first half of 2016 comply with accounting standards and accurately reflect its financial position as of June 30, 2016[195]. - The company follows specific accounting policies for bad debt provisions, inventory valuation, and depreciation, which may significantly affect reported amounts[186]. - The company has established a policy for impairment testing of non-financial assets, including goodwill, which requires significant management judgment[191].