益生股份(002458) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was ¥855,190,782.25, a decrease of 28.71% compared to ¥1,199,628,103.58 in the same period last year[28]. - The net profit attributable to shareholders of the listed company was -¥370,283,435.11, representing a decline of 234.25% from ¥275,815,464.74 in the previous year[28]. - The basic earnings per share for the period was -¥0.37, down 232.14% from ¥0.28 in the same period last year[28]. - The total assets at the end of the reporting period were ¥5,564,506,608.96, a decrease of 1.89% from ¥5,671,517,652.70 at the end of the previous year[28]. - The net assets attributable to shareholders of the listed company were ¥2,799,833,182.10, down 11.68% from ¥3,170,116,617.21 at the end of the previous year[28]. - The company reported a net cash flow from operating activities of -¥172,692,877.54, a decline of 204.44% compared to ¥165,344,102.58 in the same period last year[28]. - The weighted average return on net assets was -12.40%, a decrease of 20.81% from 8.41% in the previous year[28]. Revenue and Sales - The company achieved operating revenue of 855.19 million yuan, a decrease of 28.71% compared to the same period last year[41]. - The total revenue from chicken sales was ¥760,641,002.81, accounting for 88.94% of total revenue, down 29.45% from ¥1,078,096,931.94[89]. - The revenue from pig sales dropped by 47.76% to ¥13,280,386.40, down from ¥25,422,567.50 in the previous year[89]. - The revenue from other income surged by 141.19% to ¥18,268,778.95, compared to ¥7,574,343.41 in the previous year[89]. Production and Breeding - The company launched the "Yisheng 909" small white feather broiler, contributing to new profit growth[41]. - The second quarter saw a significant recovery in broiler chick prices due to industry capacity reduction and consumption recovery[41]. - The company is actively pursuing a breeding source purification strategy to ensure the health of breeding stock and improve product quality[41]. - The demand for broiler chicks is expected to increase due to the recovery of the catering industry and the rise of ready-to-eat meals[41]. - The company achieved a 47.38% year-on-year increase in the sales volume of white feather broiler chicks during the reporting period[52]. - The company has been recognized as a "National Core Breeding Farm for Pigs" and has maintained high performance in provincial pig testing, achieving first place five times and second place twice over the past seven years[51]. - The company has implemented a source purification strategy to ensure the health of its poultry, receiving multiple honors including "National Level Poultry Leukemia Purification Farm" and "Shandong Provincial Level Chicken White Diarrhea Purification Farm"[52]. - The company focuses on breeding high-generation poultry and has expanded the breeding scale of parent generation chickens, leading to increased production efficiency[52]. Risks and Challenges - The company faces risks including reliance on foreign suppliers and breeding technologies, price fluctuations, and biosecurity risks[6]. - The company faced challenges from rising feed prices and a decline in broiler chick prices, impacting revenue and profits[41]. - The company is exposed to price volatility in livestock products, which could adversely affect its business performance[106]. - The company has implemented measures to mitigate risks associated with raw material price fluctuations, including establishing strategic partnerships with suppliers[111]. - The company emphasizes strict biosecurity measures to prevent disease outbreaks in its poultry operations[108]. Corporate Governance and Shareholder Matters - The company plans not to distribute cash dividends or issue bonus shares[7]. - The annual shareholders meeting had a participation rate of 45.59% on March 21, 2022, while the first extraordinary shareholders meeting had a participation rate of 5.16% on April 6, 2022[114]. - There are currently no stock incentive plans in place for the company[115]. - A total of 637 employees are included in the employee stock ownership plan, holding a total of 1.2046 million shares, which accounts for 0.12% of the company's total equity[118]. - The company confirmed that there are currently no direct or indirect competitive activities with its actual controller and shareholders, and they will not engage in any competitive business in the future[130]. - The company has committed to avoid related party transactions unless necessary for production and will adhere to fair principles and legal regulations[130]. Assets and Liabilities - The company's cash and cash equivalents decreased to ¥315,332,762.73, representing 5.67% of total assets, down from 7.27% last year[90]. - Short-term borrowings increased to ¥1,276,758,832.82, accounting for 22.94% of total liabilities, up from 20.59% last year[92]. - The company's inventory increased to ¥308,006,571.64, representing 5.54% of total assets, up from 4.89% last year[92]. - Total liabilities rose to CNY 2,709,855,202.62 from CNY 2,433,743,248.70, marking an increase of approximately 11.3%[196]. - The company's equity attributable to shareholders decreased to CNY 2,799,833,182.10 from CNY 3,170,116,617.21, a decline of approximately 11.7%[196]. Community Engagement and Social Responsibility - The company donated 1.218 million yuan to the Yantai Red Cross Society and provided over 110,000 yuan in epidemic prevention materials during the first half of 2022[125]. - The company actively participates in rural revitalization efforts, including funding local community projects and providing assistance to villagers[125]. - The company’s research institute director is a member of the technology support team for the key poverty alleviation county, Gansu Xihe County, and has conducted multiple on-site investigations[126]. - The company has established communication channels with local livestock authorities and has engaged in technical exchanges regarding poultry management[126].