京基智农(000048) - 2021 Q2 - 季度财报

Financial Performance - The net profit attributable to shareholders for the reporting period was ¥2,572,948,157.21, representing an increase of 208.48% compared to the same period last year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥489,431,861.25, a 254.42% increase year-on-year[23]. - The basic earnings per share for the reporting period was ¥0.9354, reflecting a growth of 254.45% compared to the previous year[23]. - The weighted average return on equity was 18.16%, an increase of 11.51% from the previous year[23]. - The company reported a total profit of ¥675,833,811.56 for the first half of 2021, compared to ¥190,554,215.25 in the same period of 2020, indicating an increase of approximately 254.5%[163]. - The company's total comprehensive income for the first half of 2021 was ¥494,148,357.13, compared to ¥143,023,699.57 in the first half of 2020, reflecting an increase of about 245.5%[164]. Revenue and Costs - The company's operating revenue for the reporting period reached CNY 2,572,948,157.21, a significant increase of 208.48% compared to CNY 834,061,185.07 in the same period last year, primarily due to the recognition of revenue from real estate projects[49]. - Operating costs amounted to CNY 1,011,754,142.32, reflecting a 99.26% increase from CNY 507,754,371.20, corresponding to the rise in revenue from real estate projects[49]. - The total operating costs for the first half of 2021 were ¥1,879,244,351.88, compared to ¥690,195,770.54 in the same period of 2020, which is an increase of approximately 172.5%[161]. Cash Flow - The net cash flow from operating activities was -¥1,661,946,026.24, a decrease of 246.03% compared to the same period last year[23]. - Cash flow from operating activities showed a net outflow of ¥1,661,946,026.24 in the first half of 2021, contrasting with a net inflow of ¥1,138,074,256.29 in the first half of 2020[168]. - The company reported a significant decrease in cash flow from operations, which may affect future liquidity and investment capabilities[174]. Assets and Liabilities - The total assets at the end of the reporting period were ¥9,066,417,051.25, down 8.45% from the end of the previous year[23]. - The net assets attributable to shareholders at the end of the reporting period were ¥2,638,478,478.96, a decrease of 4.14% from the previous year[23]. - Total liabilities decreased from CNY 7,122,525,592.99 to CNY 6,404,577,975.44, a reduction of approximately 10%[153]. Strategic Initiatives - The company is committed to developing its agricultural and real estate sectors, with strategic partnerships to enhance operational efficiency[30]. - The company plans to develop multiple pig industry chain projects in Guangdong and surrounding provinces, focusing on high standards and efficiency in smart agriculture[39]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the provided data[167]. Risks and Challenges - The company faces risks related to raw material cost fluctuations and pig price cycle volatility[6]. - The company is exposed to epidemic risks in pig farming, particularly from African swine fever, which poses a significant operational risk until an effective vaccine is developed[62]. - The real estate sector is heavily influenced by national macro-control policies, and the company will closely monitor policy changes to adjust its business strategy accordingly[63]. Shareholder Information - The largest shareholder, Jingji Group, holds 43.04% of the shares, with a total of 225,191,557 shares[123]. - The total number of shares increased from 402,491,731 to 523,239,250 due to the implementation of the 2020 profit distribution plan, resulting in a total increase of 120,747,519 shares[121]. - The company reported a total of 12,995 shareholders at the end of the reporting period[123]. Corporate Governance - The company has not made any adjustments or restatements to previous years' accounting data[24]. - There were no significant environmental issues or administrative penalties reported during the reporting period[74]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[61].