金新农(002548) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,618,996,890.44, representing a 92.14% increase compared to CNY 1,363,092,015.72 in the same period last year[23]. - The net profit attributable to shareholders of the listed company decreased by 78.51% to CNY 39,802,840.00 from CNY 185,225,499.64 year-on-year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 92,219,079.43, down 38.67% from CNY 150,364,899.04 in the previous year[23]. - The basic earnings per share decreased by 81.82% to CNY 0.06 from CNY 0.33 in the same period last year[23]. - The diluted earnings per share also fell by 81.25% to CNY 0.06 from CNY 0.32 year-on-year[23]. - The weighted average return on net assets decreased to 1.49%, down 7.30% from 8.79% in the previous year[23]. - The company achieved a revenue of CNY 261,899.69 million, representing a year-on-year increase of 92.14%[40]. - The net profit attributable to the parent company was CNY 3,980.28 million, a decrease of 78.51% year-on-year[40]. - The company reported a net loss attributable to shareholders of CNY 21,411,796.47, which is a decrease compared to the previous loss of CNY 20,721,796.47[192]. - The total comprehensive income for the first half of 2021 was CNY 58,338,928.64, a decrease of 74.7% from CNY 230,212,848.77 in the first half of 2020[177]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 40,873,742.08, compared to a negative CNY 140,364,497.07 in the same period last year, marking a 129.12% increase[23]. - The company reported a net cash flow from operating activities of CNY 40,873,742.08, a significant improvement compared to a net outflow of CNY 140,364,497.07 in the same period of 2020[184]. - Cash generated from operating activities was CNY 2,541,098,621.41, an increase of 77.5% compared to CNY 1,430,989,544.08 in the same period of 2020[183]. - The ending balance of cash and cash equivalents was CNY 1,044,881,187.68, down from CNY 759,998,450.49 at the end of the previous year[185]. - Cash and cash equivalents decreased to CNY 846,109,197.19 from CNY 995,190,553.26, a decline of about 14.9%[173]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 7,155,961,527.86, a 16.23% increase from CNY 6,156,989,203.56 at the end of the previous year[23]. - Total liabilities increased to CNY 3,991,009,109.69, up from CNY 3,098,504,859.12, representing a growth of approximately 28.8% year-over-year[170]. - Current liabilities totaled CNY 2,464,613,915.34, compared to CNY 2,310,025,244.30, reflecting an increase of about 6.7%[170]. - Non-current liabilities rose to CNY 1,526,395,194.35 from CNY 788,479,614.82, marking a significant increase of approximately 93.7%[170]. - Total equity reached CNY 3,164,952,418.17, up from CNY 3,058,484,344.44, indicating a growth of around 3.5%[171]. Sales and Production - The company sold 451,100 pigs, a year-on-year increase of 157.77%[34]. - The feed sales reached 41,600 tons, with a year-on-year growth of 57.93%[35]. - The feed sales revenue was CNY 107,458.23 million, up 64.38% year-on-year[40]. - The livestock breeding segment generated CNY 1,214,078,208.77 in revenue, marking a significant year-on-year growth of 142.36% from CNY 500,941,333.85[54]. - The company achieved a sales volume of 451,100 pigs, representing a year-on-year increase of 157.77%, with sales revenue reaching CNY 1,214.08 million, up 142.36% year-on-year[42]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company plans to expand into pig slaughtering and food industries as part of its strategic layout[31]. - The company is focusing on cost reduction and efficiency improvement in response to the declining pig prices[40]. - The company is actively developing new products and enhancing its market presence in the feed sector[33]. - The company has established a comprehensive breeding system and control framework, supported by partnerships with universities for research and development[45]. Research and Development - Research and development expenses increased by 145.16% to CNY 60.28 million, indicating a strong commitment to innovation[52]. - The company is focusing on enhancing its technological capabilities and product offerings to drive future growth[196]. Risk Management - The company has established a strict biosecurity prevention system to mitigate risks from animal diseases, particularly African swine fever, which has severely impacted the livestock industry since August 2018[78]. - The company is actively enhancing its internal controls and risk management measures to safeguard against market volatility and operational risks[71]. - The company is closely monitoring supply and demand trends for feed raw materials and utilizing hedging tools to reduce the impact of price volatility[80]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares for the half-year period[85]. - The company has implemented a stock incentive plan, with adjustments made to the repurchase price and quantity of restricted stocks for certain employees[86]. - The total number of shares decreased from 691,054,202 to 690,727,703 due to the repurchase and cancellation of 364,000 restricted stocks and the conversion of 37,501 convertible bonds[136]. - The company’s major shareholder, Guangzhou Bay Area Jin Nong Investment Partnership, holds 128,499,507 shares, which are subject to a 36-month transfer restriction[139]. Social Responsibility - The company actively fulfills its social responsibilities while pursuing economic benefits, ensuring the protection of stakeholders' rights[93]. - The company participated in social welfare activities, including donations to 75 households in need, contributing to poverty alleviation efforts[94].