OGI(SH:600811)2020-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥6.69 billion, representing a 19.98% increase compared to ¥5.58 billion in the same period last year[24]. - The net profit attributable to shareholders of the listed company was approximately ¥356.21 million, a slight increase of 1.25% from ¥351.79 million in the previous year[24]. - The net cash flow from operating activities was negative at approximately -¥586.55 million, a significant decrease compared to ¥2.95 billion in the same period last year, reflecting a 119.87% decline[24]. - The total assets at the end of the reporting period were approximately ¥47.66 billion, an increase of 2.23% from ¥46.62 billion at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company were approximately ¥21.33 billion, showing a 1.50% increase from ¥21.02 billion at the end of the previous year[24]. - The basic earnings per share for the first half of 2020 were ¥0.0973, a 2.53% increase from ¥0.0949 in the same period last year[25]. - The diluted earnings per share also stood at ¥0.0973, reflecting the same percentage increase of 2.53%[25]. - The weighted average return on net assets was 1.68%, an increase of 0.02 percentage points compared to 1.66% in the previous year[25]. - The company achieved a total revenue of 6.689 billion CNY, representing a year-on-year growth of 19.98%[50]. - The net profit attributable to shareholders was 356 million CNY, an increase of 1.25% compared to the previous year[50]. - The agricultural product processing and sales segment generated revenue of 6.615 billion CNY, up 33.06% year-on-year[51]. Cash Flow and Investments - The net cash flow from operating activities decreased significantly by 119.87%, resulting in a negative cash flow of CNY -586.55 million[68]. - The company’s investment activities generated a net cash flow of CNY 545.09 million, an increase of 87.15% compared to the previous period[68]. - The total cash inflow from investment activities was ¥12,590,651,351.35, down 70.0% from ¥42,026,707,802.69 year-on-year[173]. - The net cash flow from investment activities was ¥160,199,438.19, a significant improvement from a negative cash flow of ¥247,110,796.78 in the first half of 2019[173]. - The company reported a decrease in cash inflow from the recovery of investments, which was ¥11,317,726,068.72 compared to ¥38,179,468,354.25 in the previous year, reflecting a decline of 70.3%[173]. Business Operations and Strategy - The company has established a green organic rice production base covering 13,000 mu in the core production area of Wuchang, ensuring stable supply through direct procurement from multiple suppliers[31]. - The company’s modern agriculture and health food industry includes a comprehensive sales strategy that integrates offline supermarkets and online e-commerce platforms, enhancing nationwide distribution[31]. - The company’s financial subsidiary, Jinlian Jinfeng Investment Group, has obtained various financial licenses, focusing on providing financial services to the agricultural sector[36]. - The company is involved in real estate development, with a focus on the Qinglonghu area in Beijing, covering 121 square kilometers, aimed at creating an ecological leisure resort[35]. - The company’s oilseed processing business collaborates with major enterprises like Yihai, COFCO, and others, ensuring a wide sales network across several provinces[34]. - The company has implemented new business models such as live streaming sales and drop shipping to meet consumer demand for healthy and high-quality food[31]. - The company has established a modern agricultural supply chain service platform by collaborating with leading agricultural supply chain enterprises, enhancing logistics and financial services[41]. - The company completed the strategic acquisition of China Corn Network in July 2019, which is designated as a data service provider by various agricultural departments[41]. Real Estate Development - In the first half of 2020, the company's primary real estate development revenue was CNY 4.5076 million, a year-on-year decrease of 99.20%[57]. - The company plans to adjust its business strategies in response to real estate policies and market changes to minimize operational risks[64]. - The total saleable area for the Qinglongtou project is 306,000 square meters, with a cumulative signed amount of approximately CNY 1.768 billion as of June 30, 2020[61]. - The Oriental Financial Center had a cumulative signed leasing area of 39,400 square meters, a decrease of 8.16% compared to the end of last year[65]. - The cumulative signed amount for the "Jinxianfu" project in Hangzhou exceeded expectations during the reporting period[57]. Financial Management and Liabilities - The company has a total credit line of ¥311.78 billion, with ¥99.71 billion still available[143]. - The company reported a significant increase in sales expenses by 69.95%, amounting to CNY 83.42 million, attributed to the growth in the agricultural product processing segment[68]. - The company's long-term borrowings increased by 67.14% to CNY 7.46 billion, indicating a strategy to leverage for growth[71]. - The total amount of guarantees provided by the company (excluding subsidiaries) during the reporting period was RMB 638.0795 million[108]. - The total balance of guarantees at the end of the reporting period (excluding subsidiaries) was RMB 380.24651 million[108]. - The total amount of guarantees (including those to subsidiaries) reached RMB 1,511,795.92 thousand, representing 70.87% of the company's net assets[111]. Shareholder and Corporate Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[8]. - The total number of ordinary shareholders at the end of the reporting period was 84,223[118]. - The company has appointed new directors and senior management, including the election of Sun Mingtao as Chairman and Fang Hao as President[126]. - The company has fulfilled necessary procedures for the use of raised funds according to its management regulations[137]. - The company has a commitment from Xiamen Yangsheng Douyuan Trading Co., Ltd. to ensure that the net profit of Xiamen Yinxiang Douzhi Co., Ltd. will not be less than RMB 8 million, 9 million, 11 million, and 12.5 million for the years 2018, 2019, 2020, and 2021 respectively[95]. Social Responsibility - The company donated approximately 1,000 tons of rice to 135 medical and social welfare institutions to support the fight against COVID-19[88].