OGI(SH:600811)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥5.97 billion, a decrease of 12.27% compared to ¥6.80 billion in the same period last year[24]. - The net profit attributable to shareholders of the listed company was approximately ¥26.09 million, down 89.63% from ¥251.54 million in the previous year[24]. - The net profit after deducting non-recurring gains and losses was approximately ¥10.38 million, a decline of 95.56% compared to ¥233.61 million in the same period last year[24]. - The net cash flow from operating activities was approximately ¥389.58 million, a slight decrease of 1.67% from ¥396.18 million in the previous year[24]. - The total operating revenue decreased by 12.27% to approximately 5.97 billion RMB, while operating costs also fell by 10.46%[70]. - The company achieved a total revenue of 5.943 billion CNY in the first half of 2022, a decrease of 12.40% year-on-year, primarily due to reduced sales in oil processing and rice processing[56]. - The net profit attributable to shareholders was 26 million CNY, down 89.63% year-on-year, mainly due to increased losses in the real estate sector and reduced profits from oil processing[56]. Earnings and Profitability - The basic earnings per share for the first half of 2022 were ¥0.0071, down 89.67% from ¥0.0687 in the same period last year[24]. - The diluted earnings per share were also ¥0.0071, reflecting the same percentage decrease as basic earnings per share[24]. - The weighted average return on net assets was 0.13%, a decrease of 1.05 percentage points from 1.18% in the previous year[24]. - The oil processing segment saw a revenue decline of 39.14% year-on-year, with a gross margin of -2.49%[59]. - The gross margin for rice processing sales increased by 0.39 percentage points year-on-year, despite a revenue decline of 21.74%[59]. - The soybean product processing business achieved revenue of 72.36 million RMB, an increase of 1.8%, with a net profit of 3.04 million RMB despite rising costs of raw materials and decreased orders from the restaurant sector[62]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥44.97 billion, an increase of 1.52% from ¥44.30 billion at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company were approximately ¥19.40 billion, a decrease of 0.07% from ¥19.41 billion at the end of the previous year[24]. - The company's cash and cash equivalents at the end of the period amounted to ¥6,206,332,504.52, representing a 39.86% increase compared to ¥4,437,600,914.42 at the end of the previous year[74]. - The company's long-term borrowings increased by 92.43% to ¥2,902,097,800.00 from ¥1,508,101,100.00 in the previous year[74]. - The company's total liabilities increased to ¥25,509,765,521.06 from ¥24,751,529,259.66, reflecting a growth of approximately 3.06%[196]. - The company's current liabilities decreased to ¥19,982,249,081.72 from ¥20,616,355,266.81, a reduction of about 3.08%[196]. Investments and Projects - The company has established a comprehensive modern agricultural industry system, including rice processing, oil processing, and agricultural technology research and development[29]. - The company is actively promoting its seawater potassium extraction project, aiming for an annual production capacity of 200,000 tons[38]. - The company has obtained 15 patents related to high-moisture plant-based meat and established China's first production line for such products, which has a carbon emission rate only 10% of that of animal meat[49]. - The company is actively expanding its agricultural product trading business, focusing on corn, rice, soybeans, and miscellaneous grains, while enhancing cooperation with downstream processing and feed enterprises[65]. - The company plans to invest a total of ¥94.76 billion in land development projects, with ¥64.24 billion already invested[94]. Market and Sales - The company has maintained a top ten brand position in rice sales through traditional retail and e-commerce channels[33]. - The company is expanding its community group buying market presence, covering 29 provinces and municipalities[33]. - The sales performance of the supermarket channel for Yinxiang Dou Products increased by 22% year-on-year in the first half of 2022[54]. - The company is focusing on community group buying and new retail channels to adapt to changing consumer habits, resulting in increased revenue from these channels[60]. Environmental and Compliance - The company reported a total SO2 emission concentration of 4.55 mg/m3 and a total emission of 0.65 tons[109]. - The company achieved a total NOX emission concentration of 4.55 mg/m3 with a total emission of 0.65 tons[109]. - The particulate matter emission concentration was recorded at 1.41 mg/m3, totaling 0.19 tons[109]. - The company has successfully obtained the environmental impact assessment approval and passed the environmental protection acceptance[109]. - No administrative penalties were imposed on the company during the reporting period due to environmental issues[109]. Corporate Governance and Legal Matters - The company has not faced any legal or administrative penalties in the last three years related to its operations[118]. - The company has committed to providing truthful, accurate, and complete information regarding its operations and compliance[113]. - The company is under investigation for its vice president's alleged involvement in the misappropriation of state assets and bribery, but this matter is not expected to significantly impact its operations[150]. - The company has ongoing litigation involving a contract dispute with Shandong Tianshang Real Estate Co., Ltd., with a claimed amount of 1,303,123,284.64 RMB[146]. Shareholder Information - The company completed the repurchase of 55,425,389 shares, accounting for 1.49% of the total share capital, with a total expenditure of 200.52 million[179]. - As of the end of the reporting period, the total number of ordinary shareholders was 106,927[183]. - The largest shareholder, Tibet Dongfang Runlan Investment Co., Ltd., held 608,854,587 shares, representing 16.64% of the total shares[184]. - The second-largest shareholder, Dongfang Group Co., Ltd., held 492,822,091 shares, accounting for 13.47% of the total shares[184].