长青股份(002391) - 2019 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2019 was approximately CNY 1.75 billion, representing a 17.70% increase compared to the same period last year[16]. - The net profit attributable to shareholders was approximately CNY 194.80 million, an increase of 12.91% year-on-year[16]. - Basic earnings per share rose to CNY 0.3613, up 12.91% from the previous year[16]. - The diluted earnings per share decreased by 8.13% to CNY 0.2940[16]. - The company achieved a revenue of RMB 1,753.72 million in the first half of the year, representing a year-on-year growth of 17.70%[38]. - The net profit attributable to the parent company reached RMB 194.80 million, an increase of 12.19% compared to the previous year[38]. - The company reported a total profit of ¥222,290,905.42, an increase of 9.1% from ¥203,773,914.15 in the first half of 2018[144]. - The company reported a cash balance of CNY 202,702,340.97, down from CNY 305,653,432.01, indicating a decrease of approximately 33.7%[138]. Assets and Liabilities - Total assets at the end of the reporting period reached approximately CNY 5.30 billion, a 30.23% increase from the end of the previous year[16]. - The company's total assets at the end of the reporting period were ¥5,303,000,000, with a significant increase in accounts receivable to ¥669,059,025.21, up 58.73% year-on-year[50]. - Total liabilities rose to CNY 1,851,333,617.38 from CNY 796,166,960.56, marking an increase of approximately 132.8%[136]. - The company's equity increased to CNY 3,452,234,153.27, up from CNY 3,276,375,736.49, reflecting a growth of about 5.4%[136]. Cash Flow - The cash inflow from operating activities for the first half of 2019 was CNY 1,157,622,051.08, an increase of 6.0% compared to CNY 1,092,141,347.45 in the same period of 2018[149]. - The net cash flow from operating activities decreased to CNY 168,599,513.98, down 20.6% from CNY 212,293,574.46 in the first half of 2018[149]. - The cash inflow from investment activities totaled CNY 367,983,221.82, compared to CNY 224,526,042.00 in the previous year, marking a 63.9% increase[150]. - The net cash flow from investment activities was negative at CNY -984,636,563.40, significantly worse than CNY -90,674,003.89 in the first half of 2018[150]. - The cash inflow from financing activities was CNY 1,155,559,958.41, a substantial increase from CNY 468,560,487.26 in the same period last year[150]. Investments and R&D - Research and development investment increased by 7.73% to RMB 64.81 million, reflecting the company's commitment to innovation[43]. - The company has established a comprehensive R&D system, extending from raw materials to intermediates and end formulations, enhancing its integrated industrial chain[24]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[145]. Market Position and Competition - The company ranked 13th in the 2018 China Pesticide Sales Top 100 list and was the 8th largest pesticide exporter in China[24]. - The company faces industry competition risks due to over 1,700 pesticide manufacturers in China, leading to price competition[71]. - The company plans to expand production capacity by 19,100 tons/year, which may face market promotion risks post-completion[72]. Environmental Management - The company emphasizes environmental protection, having passed ISO14001:2004 certification and being recognized as a model for energy conservation and emission reduction[30]. - The company has established comprehensive environmental management systems, including pollution discharge management and emergency response plans[100]. - The company achieved compliance in hazardous waste incineration with a total discharge of 30.88 tons, meeting the control standards[98]. Shareholder Information - The company has 26,754 ordinary shareholders at the end of the reporting period[117]. - The total number of shares increased from 359,486,180 to 539,229,270 after a cash dividend of 3 RMB per 10 shares and a capital reserve conversion of 5 shares for every 10 shares held[110]. - The company granted 4.45 million restricted stocks at a price of 10.38 CNY per share, increasing the total share capital to 21,020.36 million CNY[174]. Risks and Challenges - The report highlights potential risks including industry competition and fluctuations in raw material prices[4]. - Raw material costs account for approximately 70% of production costs, making the company vulnerable to price fluctuations[73]. - Export revenue is significant, making the company susceptible to changes in foreign trade environments[75].