天康生物(002100) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was ¥8,008,625,554.64, representing a 1.16% increase compared to ¥7,916,638,583.45 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was -¥97,480,353.54, a decrease of 140.38% from ¥241,396,816.85 in the previous year[27]. - The net cash flow from operating activities was ¥389,762,424.56, down 86.59% from ¥2,907,019,096.74 in the same period last year[27]. - The basic earnings per share were -¥0.07, a decline of 131.82% compared to ¥0.22 in the previous year[27]. - Total assets at the end of the reporting period were ¥16,228,737,642.33, a decrease of 5.56% from ¥17,184,738,668.37 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company were ¥7,026,317,148.09, down 1.71% from ¥7,148,418,633.08 at the end of the previous year[27]. Operational Challenges - The company reported a significant decrease in net profit due to various operational challenges faced during the reporting period[27]. - The company faced challenges in achieving expected benefits due to low pork prices influenced by domestic market conditions[73]. - The company has faced challenges in project profitability due to the impact of African swine fever and fluctuating market conditions[92]. Strategic Focus - The company is focusing on improving its operational efficiency and exploring new market opportunities to enhance future performance[27]. - The management has outlined strategies to mitigate risks and adapt to market changes in the upcoming periods[27]. - The company plans to gradually expand the "company + farmers" breeding model as its pig farming scale increases[48]. - The company has identified opportunities for large-scale breeding enterprises to expand their scale due to the exit of many small and medium-sized farmers from the market[92]. Revenue Breakdown - The company sold 109.74 million tons of feed, a year-on-year decrease of 2.90%, with sales revenue of 275,183.27 million yuan, an increase of 6.35%[45]. - The company reported a sales revenue of 220,380.27 million yuan from pig farming, a year-on-year increase of 29.75%, with 931,500 pigs sold, a year-on-year increase of 26.53%[47]. - The company's plant protein and oil processing business generated sales revenue of 102,484.06 million yuan, a year-on-year increase of 17.83%[47]. - The company's corn storage business saw a sales revenue of 128,633.18 million yuan, a year-on-year decrease of 38.68%[47]. - The overall gross margin for the company's main business was 6.82%, a decrease of 9.09 percentage points year-on-year[47]. Investment and Assets - The company invested over ¥200 million in the construction of a high-level biosafety laboratory (P3), which was completed and put into use in 2020[51]. - The company achieved a net cash flow from operating activities of ¥389,762,424.56, a decrease of 86.59% compared to ¥2,907,019,096.74 in the previous year[55]. - The company reported a significant increase in fixed assets, which rose to 4.899 billion, accounting for 30.19% of total assets[63]. - The company has invested a total of 98,550 million CNY through convertible bonds, with 1,606.32 million CNY utilized in the current period and a cumulative usage of 81,253.92 million CNY[84]. Environmental Compliance - The company reported a total wastewater discharge of 1.82 tons of ammonia nitrogen and 16.4 tons of chemical oxygen demand (COD) annually, which is within the permitted limits[128]. - The company has installed a low-nitrogen natural gas boiler with a capacity of 10 tons and 6 tons, which has been operational since October 2020, ensuring nitrogen oxide emissions are compliant with standards[128]. - The company has established an emergency response plan for environmental incidents, with a command center led by the general manager[137]. - The company has implemented measures to prevent environmental pollution incidents, ensuring the safety of the environment and public health[138]. Corporate Governance - The company has established a governance structure that ensures the protection of shareholder and creditor rights[152]. - The company has not experienced any changes in its board of directors, supervisors, or senior management during the reporting period[114]. - The company has committed to distributing at least 10% of its distributable profits in cash dividends annually for the next three years, with potential increases if net profits continue to grow[159]. Related Party Transactions - The company reported a total of 632,000 RMB in related party transactions, accounting for 12.97% of similar transaction amounts[168]. - The approved transaction amount for related party transactions was 1,400,000 RMB, with no transactions exceeding this limit[168]. - The company has not provided any guarantees to related parties during the reporting period[182].