HOMEY(SH:600467)2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 659,381,573.67, representing a 3.70% increase compared to CNY 635,863,193.04 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was CNY 38,245,342.81, up 3.04% from CNY 37,117,989.57 in the previous year[19]. - The net profit after deducting non-recurring gains and losses decreased by 19.97%, amounting to CNY 23,694,477.58 compared to CNY 29,606,908.35 in the same period last year[19]. - The net cash flow from operating activities was CNY 98,126,924.32, a decrease of 2.77% from CNY 100,924,416.42 in the previous year[19]. - Basic earnings per share for the first half of 2021 were CNY 0.0262, an increase of 3.15% from CNY 0.0254 in the same period last year[20]. - The weighted average return on net assets increased by 0.02 percentage points to 1.16% compared to 1.14% in the previous year[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,534,298,238.48, reflecting a 0.75% increase from CNY 6,485,853,885.33 at the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were CNY 3,307,178,446.79, which is a 1.17% increase from CNY 3,268,933,103.98 at the end of the previous year[19]. - The total inventory amounted to CNY 1,205,311,682.56, representing 18.45% of total assets, an increase of 5.02% from the previous year[38]. - Total liabilities were reported at CNY 3,213,791,780.19, compared to CNY 3,200,402,744.25 at the end of 2020, showing a marginal increase[74]. - The company's total fixed assets amounted to approximately ¥3.51 billion, representing a decrease of 1.69% compared to the previous period[39]. Investments and Projects - The company invested in various projects, including sea cucumber breeding, new retail stores, and an intelligent exhibition center, focusing on the entire sea cucumber industry chain[32]. - The company has expanded its sea cucumber breeding area from 400,000 square meters in 2018 to 1,000,000 square meters, aiming for a total of 2,000,000 square meters by 2023[27]. - The company has established strong partnerships with research institutions, enhancing its technological capabilities in breeding and ecological farming[29]. Market and Competition - The company faced intense competition in the aquaculture industry, which could impact its market competitiveness[44]. - The total catch of fresh sea cucumbers reached 1,987.82 tons, up 9.95% from the previous year, with external sales increasing by 88.72% to 1,248.58 tons[33]. - The average external sales price of fresh sea cucumbers was CNY 147.66 per kilogram, a rise of 34.60% compared to the previous year[33]. Research and Development - Research and development expenses increased by 34.57% to CNY 1,670,814.47, driven by higher wages and other costs[35]. - The company is committed to enhancing its research and development capabilities to maintain its competitive edge in the marine product sector[45]. Risk Management - The report includes a risk statement indicating potential risks related to future plans and strategies, advising investors to be cautious[5]. - The company is exposed to foreign exchange risks due to a significant portion of its frozen food exports being settled in Japanese yen, which can impact profitability[45]. - The company is addressing natural resource risks by adhering to seasonal fishing bans and implementing measures to protect marine resources, which supports sustainable development in the fishing industry[46]. Shareholder Information - The company has 78,309 ordinary shareholders as of the end of the reporting period[63]. - The largest shareholder, Haodangjia Group Co., Ltd., holds 588,025,190 shares, accounting for 40.25% of the total shares[65]. - The company has not experienced any changes in its share capital structure during the reporting period[62]. Governance and Compliance - The company has experienced changes in its board of directors, with the resignation of one director and the election of another, which may impact governance[51]. - The company has not disclosed any major related party transactions or significant contracts during the reporting period, suggesting a focus on operational integrity[58]. - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[96]. Financial Statements and Accounting Policies - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations within the next 12 months[110]. - The accounting policies comply with the requirements of enterprise accounting standards, reflecting the company's financial position and operating results accurately[111]. - The company recognizes revenue when customers obtain control of related goods, ensuring contracts meet specific criteria[192].