HOMEY(SH:600467)2022-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2022 was RMB 610.52 million, a decrease of 7.41% compared to RMB 659.38 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was RMB 34.07 million, down 10.92% from RMB 38.25 million in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 12.78 million, a significant decrease of 46.07% compared to RMB 23.69 million in the same period last year[19]. - The net cash flow from operating activities was RMB 13.35 million, a sharp decline of 86.39% from RMB 98.13 million in the previous year[19]. - The weighted average return on net assets for the first half of 2022 was 1.02%, a decrease of 0.14 percentage points from 1.16% in the same period last year[19]. - The basic earnings per share for the first half of 2022 were RMB 0.0233, down 11.07% from RMB 0.0262 in the same period last year[19]. - The diluted earnings per share for the first half of 2022 were also RMB 0.0233, showing the same decline of 11.07% compared to the previous year[19]. - The company reported a total revenue of CNY 610,516,230.00, a decrease of 7.41% compared to the previous year[32]. - The net profit attributable to shareholders was CNY 34,067,856.53, down 10.92% year-on-year[34]. - The company harvested a total of 2,615.77 tons of fresh sea cucumbers, an increase of 31.59% from the previous year, with external sales of 1,144.73 tons, down 8.32%[32]. - The average external sales price of fresh sea cucumbers was CNY 132.58 per kilogram, a decrease of 10.21% year-on-year[32]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 6.86 billion, an increase of 2.09% from RMB 6.72 billion at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were RMB 3.35 billion, reflecting a slight increase of 1.03% from RMB 3.31 billion at the end of the previous year[20]. - The total liabilities increased to ¥3,504,082,570.11 from ¥3,396,064,815.35, reflecting a growth of approximately 3.2%[76]. - The total assets of the company amounted to ¥6,862,434,296.69, up from ¥6,721,854,623.74, indicating an increase of approximately 2.1%[76]. - The total liabilities and equity at the end of the reporting period were ¥3,358,351,726.58[102]. - The total owner's equity at the end of the reporting period is CNY 3,629,670,898.15, an increase from CNY 3,580,557,126.18 at the end of the previous year, representing a growth of approximately 1.37%[104]. Research and Development - Research and development expenses increased by 395.09% to CNY 8,271,961.12[32]. - The company reported a significant increase in research and development expenses to CNY 8,271,961.12, compared to CNY 1,670,814.47 in the previous year, indicating a focus on innovation[83]. - The company is involved in research and development in biotechnology, indicating a focus on innovation and market expansion[112]. Market and Operations - The company operates in four main industries: seawater aquaculture, food processing, deep-sea fishing, and health care, focusing on high-value functional marine foods and health products[24]. - The company aims to achieve a "one sea cucumber, hundred billion industry" development goal, focusing on enhancing operational efficiency and reducing costs[28]. - The company has established a comprehensive traceable supply chain from breeding to sales, enhancing its cost advantages and risk resistance[27]. - The company is strategically positioned near major transportation hubs, facilitating access to domestic and international markets[27]. - The company emphasizes green consumption and sustainable practices in its aquaculture operations, aligning with consumer preferences for organic products[24]. - The company has established itself as the largest marine delicacy breeding base in China, with a breeding area of 50,000 acres for sea cucumbers, enhancing its competitive advantage in the industry[44]. Governance and Shareholder Information - The company did not distribute profits or transfer capital reserves to increase share capital for the first half of 2022[4]. - The independent director Wang Dahong has been replaced by Li Bafang, indicating a change in the company's governance structure[49]. - The total number of ordinary shareholders as of the end of the reporting period is 69,716[66]. - The largest shareholder, Haodangjia Group Co., Ltd., holds 588,025,190 shares, representing 40.25% of the total shares[68]. Cash Flow and Financing - The net cash flow from operating activities decreased by 86.39% to CNY 13,352,722.48[34]. - The company plans to improve its financing capabilities by enhancing relationships with banks and exploring securities market financing options to support its rapid growth[45]. - Cash inflow from financing activities totaled CNY 1,202,161,669.83, with cash outflow of CNY 1,141,660,750.97, resulting in a net cash inflow of CNY 60,500,918.86[92]. Social Responsibility - The company has committed to providing 1,000 CNY annually for 10 years to 10 impoverished individuals, totaling 100,000 CNY in support[55]. - The company donated products worth 350,000 CNY and an additional 50,000 CNY in cash to support local COVID-19 prevention efforts[55]. Inventory and Sales - Inventory increased to ¥1,331,034,405.64 from ¥1,191,003,966.54, marking a growth of approximately 11.7%[75]. - The company reported a decrease in sales revenue from CNY 511,441,167.25 in the first half of 2021 to CNY 414,336,212.92 in the first half of 2022, representing a decline of approximately 19%[94]. Financial Reporting and Accounting - The company adheres to the enterprise accounting standards, ensuring that its financial statements accurately reflect its financial position and operating results[116]. - The company has multiple subsidiaries under its consolidated financial statements, covering various aspects of food production and sales[113]. - The company recognizes the fair value of remaining equity interests at the date of losing control over a subsidiary, adjusting for any related comprehensive income[128].