智慧农业(000816) - 2025 Q2 - 季度财报

Important Notes, Table of Contents, and Definitions This section provides essential disclaimers, outlines the report's structure, and defines key terms for consistent understanding Important Notes The board, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness, while forward-looking statements are not substantive commitments - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, free from false records, misleading statements, or major omissions[4] - Company executives Xiang Zhipeng (person in charge), Zhong Cheng (head of accounting), and Cheng Yan (head of accounting department) declare that the financial report in this semi-annual report is true, accurate, and complete[4] - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[6] Table of Contents This section lists the overall structure of the semi-annual report, including nine main chapters and their corresponding starting page numbers, providing quick navigation for readers - The report comprises nine main chapters, covering important notes, company profile, management discussion and analysis, corporate governance, significant matters, share changes, bond information, financial report, and other submitted data[8] Definitions This section provides definitions for common terms and company-related entities used in the report, ensuring consistent understanding for readers, including company names, subsidiary names, regulatory bodies, and the reporting period - "Company" or "the Company" refers to Jiangsu Nonghua Smart Agriculture Technology Co., Ltd[11] - "Jianghuai Power" refers to Jiangsu Jianghuai Power Co., Ltd., a wholly-owned subsidiary of the company[11] - "Reporting Period" or "Current Period" refers to January 1, 2025 - June 30, 2025[11] Company Profile and Key Financial Indicators This section provides an overview of the company's fundamental information and presents key financial data and indicators for the current reporting period Company Profile This section introduces the company's basic information, including its stock abbreviation "Zhihui Nongye," stock code 000816, listing on the Shenzhen Stock Exchange, and its full Chinese and English names and legal representative - The company's stock abbreviation is "Zhihui Nongye," stock code 000816, listed on the Shenzhen Stock Exchange[14] - The company's Chinese name is Jiangsu Nonghua Smart Agriculture Technology Co., Ltd., and its legal representative is Xiang Zhipeng[14] Contact Person and Information This section provides the contact details for the company's Board Secretary, Sun Jin, including address, phone, fax, and email, for investor communication and inquiries - The Board Secretary's name is Sun Jin, contact number is 0515-88881908, and email is zhny@dongyin.com[15] Other Information This section states that the company's registered address, office address, website, and email remained unchanged during the reporting period, but the registered capital increased from RMB 1,442,760,918 to RMB 1,447,013,318 - The company's registered address, office address, website, and email remained unchanged during the reporting period[16] - The company's registered capital increased from 1.44 billion yuan to 1.45 billion yuan[18] Key Accounting Data and Financial Indicators This section presents the company's key accounting data and financial indicators for the current reporting period compared to the prior year, showing significant declines in operating revenue, net profit attributable to shareholders, and net cash flow from operating activities, primarily due to changes in accounting policies Key Accounting Data and Financial Indicators (Consolidated Statements) | Indicator | Current Period (million yuan) | Prior Year Period (Adjusted) (million yuan) | Year-on-year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 584.30 | 714.60 | -18.23% | | Net Profit Attributable to Shareholders | 9.77 | 16.74 | -41.67% | | Net Cash Flow from Operating Activities | 26.62 | 48.44 | -45.05% | | Basic Earnings Per Share (yuan/share) | 0.0067 | 0.0116 | -42.24% | | Total Assets (Period-end) | 3.46 | 3.55 | -2.73% | | Net Assets Attributable to Shareholders (Period-end) | 2.05 | 2.04 | 0.50% | - The company adopted "Interpretation No. 18 of Enterprise Accounting Standards" from January 1, 2024, accounting for estimated liabilities from guarantee-type quality assurance not constituting a single performance obligation by recognizing them in "Cost of Sales" and other accounts, leading to retrospective adjustments of accounting data[20] Differences in Accounting Data Under Domestic and International Accounting Standards This section states that there are no differences in net profit and net assets between financial reports disclosed under International Accounting Standards or foreign accounting standards and Chinese Accounting Standards during the reporting period - During the reporting period, there were no differences in net profit and net assets between financial reports disclosed under International Accounting Standards and Chinese Accounting Standards[21] - During the reporting period, there were no differences in net profit and net assets between financial reports disclosed under foreign accounting standards and Chinese Accounting Standards[22] Non-Recurring Gains and Losses Items and Amounts This section details the non-recurring gains and losses items and their amounts for the reporting period, totaling 10.01 million yuan, primarily from disposal of non-current assets, government grants, fair value changes of financial assets, and reversal of impairment provisions for receivables Non-Recurring Gains and Losses Items and Amounts | Item | Amount (million yuan) | Description | | :--- | :--- | :--- | | Disposal gains/losses of non-current assets | 0.18 | | | Government grants recognized in current profit or loss | 2.10 | Primarily government grants | | Fair value change gains/losses from financial assets and liabilities held by non-financial enterprises, excluding effective hedging activities related to normal business operations, and gains/losses from disposal of financial assets and liabilities | 4.58 | Primarily wealth management income | | Reversal of impairment provisions for individually tested receivables | 5.00 | Primarily reversal of individually provided accounts receivable impairment provisions | | Other non-operating income and expenses apart from the above | 1.50 | | | Less: Income tax impact | 3.34 | | | Total | 10.01 | | - The company does not classify non-recurring gains and losses items listed in "Interpretive Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public—Non-Recurring Gains and Losses" as recurring gains and losses[26] Management Discussion and Analysis This section provides an in-depth analysis of the company's business operations, financial condition, and future outlook, covering key performance drivers, risks, and strategic initiatives Company's Main Businesses During the Reporting Period The company's main businesses span general equipment manufacturing, non-ferrous metal mining, and smart agriculture, forming a complete industrial chain from upstream metal products to midstream components and downstream end products - The company's main business focuses on R&D, manufacturing, and sales of power and terminal equipment, and non-ferrous metal mining and dressing, supplemented by smart agriculture, forming an upstream-midstream-downstream industrial chain[28] Power and Terminal Equipment The traditional power sector is shifting from "scale expansion" to "value enhancement," with strong overseas demand for outdoor power equipment and projected growth in the high-pressure washer market - The global high-pressure washer market sales are projected to reach 4.42 billion USD by 2031, with a compound annual growth rate of 4.70% from 2025-2031[29] - In the first half of 2025, gasoline engine exports increased by 37.79% year-on-year, and diesel engine exports increased by 31.63% year-on-year[30] - The company's export business has established dual production bases in China (Yangtze River Delta) and internationally (Vietnam), with products covering domestic, North American, Southeast Asian, South American, African, and Middle Eastern markets[32] - In the first half of the year, the company's traditional overseas market sales grew by approximately 35% year-on-year, and it actively promoted business improvements in North America, exploring new channels and customers, and building online sales platforms[34] [Non-Ferrous Metal Mining and Dressing](index=10&type=section&id=Non-Ferrous%20Metal%20Mining%20and%