LONGDA(SZ:002726)2022-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥6,815,217,068.63, a decrease of 35.71% compared to ¥10,600,625,473.60 in the same period last year[30]. - The net profit attributable to shareholders of the listed company was ¥36,180,690.39, down 88.25% from ¥307,957,380.53 in the previous year[30]. - The net profit after deducting non-recurring gains and losses was ¥89,126,855.32, a decrease of 72.12% compared to ¥319,701,706.06 in the same period last year[30]. - The net cash flow from operating activities was ¥727,557,194.06, a significant increase of 19,702.90% compared to -¥3,711,477.43 in the previous year[30]. - Basic earnings per share were ¥0.03, down 90.32% from ¥0.31 in the same period last year[30]. - Diluted earnings per share were ¥0.03, a decrease of 89.29% compared to ¥0.28 in the previous year[30]. - The weighted average return on net assets was 1.11%, down 11.28% from 12.39% in the previous year[30]. - Total assets at the end of the reporting period were ¥8,106,636,239.54, a decrease of 1.54% from ¥8,233,177,121.66 at the end of the previous year[30]. - The net assets attributable to shareholders of the listed company increased by 2.38% to ¥3,311,885,251.99 from ¥3,234,847,472.77 at the end of the previous year[30]. - The company's revenue for the first half of 2022 was approximately ¥6.82 billion, a decrease of 35.71% from ¥10.60 billion in the same period last year, primarily due to a significant drop in pork prices[58]. - Operating costs decreased by 34.50% to approximately ¥6.51 billion, attributed to the same decline in pork prices[58]. Sales and Production - The company's main product sales volume reached 360,843.10 tons, an increase of 17.41% year-on-year, while production volume was 372,500.23 tons, up 14.94% year-on-year[38]. - The company's sales volume for the first half of 2022 reached 360,843.10 tons, an increase of 17.41% compared to 307,332.71 tons in the same period of 2021[48]. - The production volume of the company's pork slaughtering and meat processing segment was 372,500.23 tons, up 14.94% from 324,073.89 tons year-on-year[48]. - The slaughtering industry accounted for ¥5,140,132,924.42, representing 75.42% of total revenue, down 33.11% from ¥7,684,572,607.26[60]. - The import trade segment saw a significant decline of 62.23%, with revenue of ¥733,736,041.31 compared to ¥1,942,424,796.50 last year[60]. - Revenue from the East China region decreased by 39.76% to ¥2,352,507,275.74, down from ¥3,905,532,391.15[60]. Research and Development - Research and development expenses increased by 43.26% to ¥4.11 million, reflecting the company's commitment to enhancing its R&D capabilities[58]. - The company has strengthened its R&D capabilities by establishing a culinary research institute and collaborating with universities to innovate in pre-prepared food technology[38]. - The company has established three major R&D centers in Shanghai, Sichuan, and Shandong to better meet local market demands and preferences[51]. Market Strategy and Expansion - The company aims to become a leading supplier of pre-prepared dishes in China, focusing on high-quality food solutions[40]. - The company is focusing on market expansion and has developed a consumption market insight system to enhance service to food processing and catering enterprises[90]. - The company has launched new pre-prepared dishes including garlic ribs and fragrant chicken wings, enhancing its product offerings[39]. - The company has established a national sales network with a total of 587 new distributors in Shandong, 432 in Central China, 392 in East China, and 202 in Southwest China during the reporting period[44]. - The company's online sales through platforms like JD.com and Douyin increased by over 150% compared to the previous year[45]. - The company aims to adjust product structures and accelerate the development of high-value-added products to counteract the risks of raw material price fluctuations[90]. Environmental and Safety Compliance - The company has installed online monitoring facilities at wastewater discharge points to ensure stable operation of environmental protection facilities[115]. - The total discharge of COD was reported as 8.75 tons, and NH3-N was 0.816 tons for the company, adhering to the GB/T 31962-2015 B-level standard[113]. - The company’s wastewater treatment process includes pre-treatment, flotation, and A/O technology before discharge into municipal wastewater treatment plants[115]. - The company has implemented emergency response plans for environmental incidents and conducts regular training and drills to enhance response capabilities[122]. - The company adheres to national and local environmental laws, with all wastewater, waste gas, and noise emissions meeting regulatory standards[126]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[123]. - The company is committed to energy conservation and emission reduction, striving for optimal environmental protection practices[126]. Corporate Governance and Shareholder Engagement - The company has established a sound corporate governance structure, ensuring effective decision-making and supervision[124]. - The company actively engages with investors through performance briefings and interactive platforms to maintain transparent communication[124]. - The company reported a 44.30% investor participation rate in the first extraordinary general meeting of 2022, indicating strong shareholder engagement[94]. - The company has not experienced any major production safety accidents during the reporting period, emphasizing safety training for new employees[126]. - There were no changes in the controlling shareholder or actual controller during the reporting period, ensuring continuity in governance[196]. Financial Instruments and Guarantees - The total amount raised from the convertible bonds was RMB 950 million, with a net amount of RMB 935.78 million after deducting fees[73]. - The non-public stock issuance raised RMB 620.40 million, with a net amount of RMB 610.79 million after fees[73]. - The actual external guarantee amount incurred during the reporting period is 1,000,000 CNY[157]. - The company has provided joint liability guarantees to Henan Longda Muyuan Meat Products Co., Ltd. with a guarantee amount of 6,000,000 CNY, which is still in effect[159]. - The company has provided joint liability guarantees to Qingdao Zhong Hesheng Food Co., Ltd. with a guarantee amount of 20,000,000 CNY, which is still in effect[159]. Employee and Talent Development - The company has established a talent introduction plan, collaborating with universities to provide job opportunities and promote high-skilled talent development[130]. - The company has not reported any discrimination incidents since its establishment and has implemented a comprehensive employee training system to enhance skills and core competitiveness[128]. - The total number of restricted shares granted to executives at the end of the period was 2,106,000, reflecting ongoing incentive structures[195].