益生股份(002458) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,199,628,103.58, representing a 20.10% increase compared to CNY 998,851,220.50 in the same period last year[25]. - The net profit attributable to shareholders of the listed company reached CNY 275,815,464.74, up 35.20% from CNY 204,002,961.14 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 269,457,972.54, reflecting a 44.39% increase from CNY 186,619,511.82 year-on-year[25]. - The basic earnings per share increased to CNY 0.28, a rise of 33.33% compared to CNY 0.21 in the previous year[25]. - The total assets of the company at the end of the reporting period were CNY 5,623,369,303.27, which is a 20.45% increase from CNY 4,668,482,639.12 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were CNY 3,417,595,297.36, an increase of 8.91% from CNY 3,138,016,056.96 at the end of the previous year[25]. - The company reported a net cash flow from operating activities of CNY 165,344,102.58, down 13.82% from CNY 191,848,294.84 in the same period last year[25]. - The weighted average return on net assets was 8.41%, an increase of 2.48% compared to 5.93% in the previous year[25]. Revenue Breakdown - Chicken revenue accounted for 89.87% of total operating revenue, amounting to CNY 1,078,096,931.94, with a year-on-year growth of 32.40%[72]. - Pig revenue decreased by 36.86% year-on-year to CNY 25,422,567.50, while the cost of sales increased by 105.62%[76]. - Milk revenue increased by 20.55% year-on-year to CNY 34,955,233.84, with a gross margin of 37.49%[75]. Business Operations and Strategy - The company is advancing its breeding project with the "Yisheng 909" small meat chicken, which has shown excellent performance in production data[36]. - The company has three pig farms in operation, with pig breeding capacity expected to gradually increase[36]. - The non-public offering of shares has been approved and is progressing, with funds aimed at enhancing chicken and pig breeding operations[36]. - The company has implemented a strategy to ensure the health of breeding sources, which has positively impacted product supply and quality[36]. - The company has maintained its leading position in the breeding of grandparent white feather broiler chickens, expanding the breeding volume of parent stock chickens and increasing the production of commercial broiler chicks[41]. - The company focuses on the breeding, rearing, and promotion of poultry breeds, with a business model that has remained stable over the years, emphasizing large-scale professional breeding[44]. - The company is positioned as a key player in the poultry breeding industry, with over 40% contribution to the development of the livestock industry through its breeding operations[41]. Research and Development - Research and development investment increased by 139.28% to ¥48,187,355.33 from ¥20,138,466.13 in the previous year, indicating a strong commitment to innovation[69]. - The company’s research institute has received two national invention patents and one provincial livestock science and technology award in 2020, indicating strong R&D capabilities[59]. - The company has obtained two national-level technology invention patents related to disease detection in poultry, enhancing its competitive edge in the market[41]. Risk Management - The company faces risks including reliance on foreign suppliers and breeding technologies, price fluctuations of products, and biosecurity risks[5]. - The company is exposed to price volatility in livestock products, which may adversely affect business performance during market downturns[95]. - The company has implemented strict biosecurity measures to mitigate risks associated with poultry diseases, ensuring the health of its breeding stock[96]. - The company is actively managing raw material price fluctuations by establishing strategic partnerships with suppliers and utilizing procurement contracts to stabilize costs[99]. Corporate Governance - The company confirmed that there are currently no direct or indirect competitors between the company and its controlling shareholders, and they will not engage in any competitive activities in the future[119]. - The controlling shareholder, Cao Jisheng, committed to not interfering in the company's management and to fulfill compensation measures for the company[122]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[125]. - There were no violations of external guarantees during the reporting period[126]. Social Responsibility and Environmental Initiatives - The company has contributed nearly 11 million RMB in donations during the COVID-19 pandemic, including cash and supplies for epidemic prevention[115]. - The company has implemented a comprehensive employee welfare program, including housing loans and a charity fund to support employees in need[112]. - The company has invested in environmental protection technologies, including a biological fermentation facility that can process 120,000 tons of livestock manure annually, producing 60,000 tons of organic fertilizer[112]. - The company has adopted heat recovery systems in livestock housing to reduce heating costs and harmful emissions, contributing to environmental sustainability[115].