顺鑫农业(000860) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 6,518,955,075.09, a decrease of 29.07% compared to CNY 9,191,314,181.33 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was CNY 39,977,848.14, down 91.60% from CNY 475,695,944.76 year-on-year[24]. - The basic earnings per share decreased to CNY 0.0539, down 91.60% from CNY 0.6413 in the same period last year[24]. - The net profit after deducting non-recurring gains and losses was CNY 41,896,636.63, a decrease of 91.20% compared to CNY 476,067,566.73 in the same period last year[24]. - The company's revenue for the first half of 2022 was CNY 4.91 billion, a decrease of 24.88% compared to the same period last year[32]. - The company's total revenue for the first half of 2022 was CNY 6,029,589,410.91, a decrease of 29.1% compared to CNY 8,503,579,576.29 in the first half of 2021[192]. - The net profit for the first half of 2022 was CNY 190,669,041.48, down 70.7% from CNY 649,015,714.11 in the same period last year[192]. Cash Flow and Financial Position - The net cash flow from operating activities improved to -CNY 511,412,584.90, a 65.17% increase compared to -CNY 1,468,420,095.72 in the previous year[24]. - The company's cash and cash equivalents decreased by 71.92% to -¥517,539,562.24 from -¥1,843,404,026.37 in the previous year[59]. - The company raised CNY 2,757,500,000.00 through borrowings in the first half of 2022, compared to CNY 2,535,384,700.60 in the same period last year[199]. - The operating cash flow for the first half of 2022 was negative CNY 511,412,584.90, an improvement from negative CNY 1,468,420,095.72 in the first half of 2021[196]. - Cash outflow from operating activities also decreased to 6,754,817,496.82 CNY in 2022 from 9,197,298,815.76 CNY in 2021, reflecting a reduction of about 26.6%[200]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,724,872,523.90, a decrease of 3.44% from CNY 19,392,497,386.66 at the end of the previous year[24]. - The total liabilities decreased to 10,922.50 billion from 11,599.72 billion, a reduction of 5.84%[179]. - Long-term borrowings increased by 5.16% to ¥2,941,709,594.93, attributed to adjustments in the company's debt structure[69]. - Total liabilities decreased to CNY 10,261,217,652.29 from CNY 11,235,112,809.41, a decline of 8.7%[185]. Revenue Segments - The pork industry segment achieved a total revenue of CNY 1.16 billion, with slaughtering business sales at CNY 1.06 billion and breeding sales at CNY 0.097 billion[34]. - The white liquor segment accounted for 75.32% of total revenue, generating ¥4,910,003,164.27, down 24.88% year-over-year[63]. - The pork segment generated ¥1,063,920,632.64, representing 16.32% of total revenue, with a year-over-year decline of 44.72%[63]. Research and Development - Research and development expenses increased by 18.49% to ¥16,560,947.13 from ¥13,976,711.54, indicating a focus on innovation[59]. - The company has established a "post-doctoral research workstation" and "academician workstation" to enhance its research capabilities in fermentation and flavor technology[53]. Environmental Compliance - The company has implemented a wastewater treatment facility with a capacity of 6,000 tons per day, operational since 2014, and is functioning normally[92]. - The company has conducted monthly monitoring of wastewater and waste gas, with third-party testing to ensure compliance with environmental standards[94]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[95]. Strategic Initiatives - The company’s management emphasizes the need for strategic adjustments in response to market challenges and aims to enhance operational efficiency moving forward[24]. - The company focused on key markets and core products, emphasizing brand upgrades and marketing innovations to enhance sales performance[33]. - The company is actively seeking potential partners to advance its real estate business divestiture[35]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 131,243[149]. - Beijing Shunxin Holdings Group Co., Ltd. holds 37.51% of shares, totaling 278,209,668 shares[149]. - The second largest shareholder, China Bank Co., Ltd. - CMB Zhongxin Liquor Index Fund, holds 4.63% with 34,357,343 shares, a decrease of 1,103,970 shares during the reporting period[149].