ANJI FOOD(SH:603696)2021-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥254.86 million, representing a 42.92% increase compared to ¥178.33 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥26.80 million, an increase of 12.60% from ¥23.80 million in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥21.72 million, up 10.33% from ¥19.68 million in the same period last year[20]. - The net cash flow from operating activities reached approximately ¥29.10 million, a significant increase of 262.28% compared to ¥8.03 million in the previous year[20]. - The total operating revenue for the first half of 2021 reached CNY 254,864,745.85, representing a year-on-year increase of 42.92% compared to CNY 178,330,564.68[33]. - The profit for the period was 26.80 million yuan, an increase of 12.60% compared to the same period last year[28]. - The operating profit for the first half of 2021 was CNY 31,283,923.05, compared to CNY 28,260,265.15 in the first half of 2020, reflecting a growth of 7.2%[92]. - The company reported a total profit of CNY 31,282,023.05 for the first half of 2021, an increase from CNY 28,139,177.41 in the same period of 2020[92]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥609.33 million, a decrease of 2.61% from ¥625.66 million at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥532.99 million, down 5.77% from ¥565.62 million at the end of the previous year[20]. - Total current assets as of June 30, 2021, amount to 344,086,655.64 RMB, a decrease from 365,039,034.22 RMB at the end of 2020[84]. - Total liabilities as of June 30, 2021, are 75,446,217.42 RMB, up from 59,672,398.51 RMB, showing an increase of approximately 26.4%[85]. - The total owner's equity at the end of the period is 565,616,535, reflecting a significant increase from the previous year[107]. Earnings Per Share - The basic earnings per share for the first half of 2021 were ¥0.11, reflecting a 10.00% increase from ¥0.10 in the same period last year[18]. - The diluted earnings per share for the first half of 2021 were also ¥0.11, consistent with the basic earnings per share increase of 10.00%[18]. Cash Flow - The cash flow from operating activities for the first half of 2021 was CNY 271,570,602.84, compared to CNY 192,143,970.41 in the first half of 2020, showing a significant increase[98]. - The ending cash and cash equivalents balance was CNY 87,908,478.91, down from CNY 142,849,088.92 at the end of the first half of 2020[100]. - The net increase in cash and cash equivalents for the period was CNY 2,463,219.89, compared to CNY 38,998,391.55 in the same period last year, indicating a significant decline[104]. Inventory and Receivables - Accounts receivable increased by 43.87% to CNY 22,169,760.03, primarily due to delayed payments from certain customers[38]. - Inventory rose by 38.82% to CNY 56,412,683.05, attributed to increased purchases of raw materials and finished products amid rising material prices[38]. - The company's inventory stood at CNY 31,547,053.42, a slight increase from CNY 30,721,421.90 at the end of 2020[88]. Research and Development - Research and development expenses for the first half of 2021 were CNY 6,110,705.95, up from CNY 4,779,490.47 in the same period of 2020, indicating a growth of about 27.8%[91]. - The company's research and development expenses for the first half of 2021 were CNY 6,110,705.95, up from CNY 4,779,490.47 in the same period of 2020, indicating a focus on innovation[95]. Market and Product Development - The company has over 500 varieties of products in the seasoning category, including compound seasoning powders and natural extract seasonings[24]. - The company has established a sales network covering all 30 provinces, autonomous regions, and municipalities in China[30]. - The company has expanded its product line to include health foods through OEM production since 2018[24]. - The company is actively developing new retail channels, including online and community group buying[30]. Risks and Challenges - The company faces potential risks including food safety control risks, raw material price fluctuation risks, and industry downturn risks[44]. - The company experienced a 38.66% decline in revenue due to the impact of the pandemic on overseas markets, particularly in New Zealand, Hong Kong, and Cambodia[31]. Corporate Governance - There were changes in the board of directors, with Lin Chunyu resigning and Lin Rongyang being elected[49]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[50]. Compliance and Legal Matters - There are no significant lawsuits or arbitration matters during the reporting period[64]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[62]. Shareholder Information - The largest shareholder, Lin Xiaofang, holds 116,880,434 shares, representing 49.69% of the total shares, with a decrease of 5,133,999 shares during the reporting period[77]. - The total number of ordinary shareholders as of the end of the reporting period is 18,223[75]. Future Outlook - The company plans to continue optimizing its product value chain and implement price increases based on market conditions[31]. - Future outlook includes potential mergers and acquisitions to strengthen market position and drive growth[108].