广农糖业(000911) - 2016 Q2 - 季度财报

Financial Performance - The company's operating revenue for the reporting period was ¥920,285,986.64, a decrease of 35.14% compared to ¥1,418,989,459.37 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was -¥200,599,662.69, a decline of 942.37% from ¥23,813,842.78 in the previous year[21]. - The net cash flow from operating activities was -¥1,277,706,681.98, representing a decrease of 56.05% compared to -¥818,805,668.03 in the same period last year[21]. - The basic earnings per share were -¥0.62, down 875.00% from ¥0.08 in the previous year[21]. - The company reported a net profit excluding non-recurring gains and losses of -¥212,427,521.41, a decline of 1,012.15% from -¥19,100,570.97 in the previous year[21]. - The company reported a net loss of 539 million for the current period, compared to a net loss of 338 million in the previous period, reflecting a worsening of 59.5%[156]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,086,667,176.97, an increase of 7.35% from ¥5,669,738,947.39 at the end of the previous year[21]. - The company's total assets are CNY 5,801,668,412.52, reflecting an increase from CNY 5,208,249,552.18 in the previous period[139]. - The company's equity attributable to shareholders decreased to CNY 1,392,126,299.52 from CNY 1,592,725,962.21, a decline of about 12.6%[132]. - Total liabilities increased to CNY 4,698,843,159.82 from CNY 4,023,778,433.87, marking an increase of about 16.7%[131]. - The total liabilities at the end of the period were 1,195 million, which is a decrease of 398.8 million from the previous period[157]. Cash Flow - The net cash flow from operating activities was -1,277,706,681.98 yuan, compared to -818,805,668.03 yuan in the previous period, indicating a decline of approximately 56%[147]. - Total cash inflow from operating activities was 1,313,610,955.60 yuan, down from 1,715,320,374.77 yuan, representing a decrease of about 23.4%[147]. - Cash outflow from operating activities totaled 2,591,317,637.58 yuan, slightly increased from 2,534,126,042.80 yuan, showing a rise of approximately 2.2%[147]. - The ending balance of cash and cash equivalents was 711,438,752.75 yuan, down from 1,035,508,472.30 yuan, indicating a decrease of about 31.2%[148]. Investments and Capital Expenditure - The company invested ¥56,341,815.01 during the reporting period, marking a 100% increase from the previous year[35]. - The investment progress for the Xiangshan Sugar Factory's technical transformation project is 94.70%, with an investment of RMB 15,467.8 million out of a total commitment of RMB 20,467 million[47]. - The company has fully utilized RMB 11,810.2 million for working capital, achieving 100% of the committed amount[47]. Corporate Governance and Compliance - The governance structure of the company complies with the relevant regulatory requirements, ensuring the protection of investors' rights[64]. - The company has established a comprehensive corporate governance system in line with regulatory standards[65]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[66]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 32,736[114]. - The largest shareholder, Nanning Zhenning Asset Management Co., Ltd., holds 42.20% of the shares, totaling 136,768,800 common shares[114]. - The company has not undergone any changes in its controlling shareholder during the reporting period[117]. Financial Ratios - The company's current ratio increased to 96.11% from 92.15%, reflecting a 3.96% increase year-over-year[108]. - The company's debt-to-asset ratio rose to 77.20%, up 6.23% compared to the previous year[108]. - EBITDA interest coverage ratio decreased by 92.95% to 0.17, primarily due to a reduction in profits[108]. Related Party Transactions - The company reported a total of 466.32 million yuan in related party transactions during the reporting period[74]. - The company has no asset acquisition or sale related party transactions during the reporting period[75]. Future Plans - The company plans to invest 5,000,000 yuan in the boiler upgrade project, with an actual investment of 885,000 yuan, representing a progress of 17.70%[51]. - The company plans to continue expanding its market presence and investing in new product development[158].