TRS(SZ:002567)2023-08-30 16:00Financial Performance - The company's operating revenue for the reporting period was approximately ¥13.48 billion, an increase of 18.39% compared to ¥11.39 billion in the same period last year[11]. - The net loss attributable to shareholders was approximately ¥664 million, representing a decrease of 375.22% from a loss of ¥139 million in the previous year[11]. - The company's total revenue for the reporting period reached ¥13,479,628,446, representing an 18.39% increase compared to the same period last year[172]. - Operating costs increased by 22.56% year-on-year, amounting to ¥13,183,858,036.97[172]. - The total net profit (loss) for the period was CNY -752,339,876.72, with the pig farming segment reporting a loss of CNY -740,739,023.97[193]. Sales and Production - The company achieved a significant increase in pig sales, with a total of 1.66 million pigs sold, marking a year-on-year growth of 92%, and fat pig sales increased by 100.86%[31]. - The company achieved a feed sales volume of 3.19 million tons during the reporting period, representing a year-on-year growth of 16%[61]. - The pig farming segment saw a significant increase in revenue, reaching ¥2,309,720,884.6, which is a 110.17% increase from ¥1,098,984,532.1 in the previous year[151]. - The feed segment generated ¥10,188,004,879, accounting for 75.58% of total revenue, with a year-on-year growth of 4.82%[151]. Cash Flow and Financial Management - The net cash flow from operating activities was approximately ¥73.81 million, up 36.33% from ¥54.14 million in the same period last year[11]. - The company achieved a net cash flow from operating activities of 73.81 million yuan, indicating strong cash management capabilities[120]. - The company reported a significant reduction in cash flow from investing activities, which decreased by 57.84% to -¥582,405,974.98, attributed to the completion of breeding projects[173]. - The financing activities generated a net cash flow of ¥223,713,519.24, a decrease of 77.88% compared to the previous year[173]. Assets and Liabilities - The company's total assets at the end of the reporting period were approximately ¥17.75 billion, a decrease of 3.72% from ¥18.43 billion at the end of the previous year[11]. - Cash and cash equivalents at the end of the reporting period amounted to ¥1,573,116,128.63, accounting for 8.86% of total assets, a decrease of 1.32% from the previous year[80]. - Total assets amounted to CNY 17,746,734,694.37, while total liabilities were CNY 11,009,063,693.31, indicating a healthy asset-to-liability ratio[193]. Strategic Initiatives - The company is focusing on digital transformation by optimizing its information systems and building a collaborative cloud platform across the entire industry chain[32]. - The company emphasizes a full industry chain approach, integrating feed production, pig breeding, and meat processing to enhance profitability and risk resistance[38]. - The company is leveraging advanced technologies such as AI, IoT, and big data to enhance smart farming practices, improving pig survival rates and optimizing feed formulations[145]. - The company is exploring new sales channels, including live streaming, to expand its market reach beyond its local base[139]. Quality Control and R&D - The company has developed a comprehensive quality control system for meat products, ensuring safety and traceability throughout the production process[38]. - Research and development investment decreased by 9.19% to ¥58,742,318.21[173]. - Ongoing research and development efforts are aimed at introducing new products and technologies to improve operational efficiency and market competitiveness[194]. Talent and Management - The company has established a professional talent team in feed nutrition, veterinary, and production management, enhancing internal operational management and improving production performance indicators[62]. - The management team has over 30 years of experience in the swine industry, demonstrating strong leadership and strategic insight[169]. - The company has implemented a comprehensive talent development system, focusing on performance-based evaluations to enhance employee skills[148]. Investment and Funding - The company has increased its registered capital to RMB 1,381,343,588 following a non-public offering of 175,326,046 shares[55]. - The total amount of unused raised funds as of June 30, 2023, was RMB 3,024.9 million, representing 21.99% of the total raised funds[99]. - The company has not changed the purpose of the raised funds during the reporting period, maintaining compliance with regulations[99].