MQR(SZ:002719)2021-08-19 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 481,153,170.76, representing a 17.19% increase compared to CNY 410,565,988.63 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 10,938,138.54, up 23.19% from CNY 8,879,223.94 year-on-year[20]. - Basic earnings per share increased by 25.00% to CNY 0.060 from CNY 0.0480 in the same period last year[20]. - The total comprehensive income for the first half of 2021 was CNY 12,823,792.05, compared to CNY 11,469,078.63 in the same period of 2020, representing an increase of approximately 11.8%[149]. - The total profit for the first half of 2021 was ¥12,157,702.82, an increase of 34.5% from ¥9,027,520.30 in the previous year[144]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to CNY 6,559,497.96, a 158.17% increase from a negative cash flow of CNY -11,275,726.20 in the previous year[20]. - Cash inflows from operating activities amounted to CNY 594,444,789.53, up from CNY 488,244,105.27 in the first half of 2020, indicating a growth of about 21.8%[151]. - Cash outflows for investing activities totaled CNY 495,787,690.12, compared to CNY 354,656,880.48 in the first half of 2020, reflecting an increase of approximately 39.8%[153]. - The net cash flow from investing activities was negative at CNY -211,972,004.96, slightly better than the previous year's negative CNY -228,478,848.48[153]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,425,025,971.15, a slight increase of 0.31% from CNY 1,420,646,681.18 at the end of the previous year[20]. - The company's total liabilities decreased slightly to CNY 543,662,429.85 from CNY 545,587,005.41, a reduction of about 0.4%[136]. - The company's long-term borrowings increased to CNY 96,590,000.00 from CNY 70,342,381.67, reflecting a rise of approximately 37.3%[136]. - Cash and cash equivalents decreased to ¥200.68 million, representing 14.08% of total assets, down from 30.05% last year, a decrease of 15.97%[56]. Revenue Breakdown - Revenue from dairy products reached ¥286,703,222.40, up 32.19% year-on-year, but the gross margin decreased to 15.83%, down 7.62% from the previous year[30]. - Revenue from baked goods was ¥134,026,343.42, a decline of 10.19% year-on-year, with a gross margin of 26.25%, down 3.89%[30]. - The gross margin for holiday products was 58.58%, with revenue of ¥17,944,101.16, reflecting an 11.34% increase year-on-year[30]. Market Presence and Strategy - The company aims to expand its market presence in the Beijing-Tianjin-Hebei and Yangtze River Delta regions through its strategic production facilities[30]. - The company operates 218 bakery chain stores, with 178 located in Zhejiang and 40 in Xinjiang[33]. - The company has a strong brand presence in Xinjiang, with the "Maiqu'er" brand recognized as a leading brand in the region[41]. Research and Development - The company's R&D investment increased by 24.34% to ¥2,593,954.62, up from ¥2,086,213.02 in the previous year[45]. - The company established a health and nutrition research institute in 2019 to accelerate product R&D and ensure the implementation of research outcomes[46]. Environmental Management - The company has implemented strict environmental management practices, achieving compliance with national environmental protection laws and obtaining certifications such as GMP and HACCP[82]. - Wastewater treatment systems have been established, ensuring that treated wastewater meets national discharge standards before entering municipal sewage systems, with a total discharge of 1.08 tons of COD and ammonia nitrogen[82]. - The company utilizes clean energy sources and has implemented measures to reduce emissions from production processes, including the use of biomass fuel[83]. Shareholder Information - The total number of shares is 174,139,457, with 12,267,162 shares (7.05%) under limited sale conditions and 161,872,295 shares (92.95%) under unrestricted sale conditions[118]. - The company’s major shareholder, Xinjiang Maiqiuer Group, holds 36.71% of the shares, with all shares frozen due to a debt contract dispute[99]. - The company did not distribute cash dividends or issue bonus shares during the reporting period[77]. Compliance and Governance - The company has not engaged in any securities or derivative investments during the reporting period[65][66]. - There were no significant litigation or arbitration matters reported during the reporting period[98]. - The company has not experienced any non-compliance issues regarding external guarantees during the reporting period[94].