LMGF(SZ:002734)2019-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2019 was ¥1,087,518,713.27, representing a 52.65% increase compared to ¥712,431,287.53 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached ¥198,682,889.47, a significant increase of 92.98% from ¥102,957,447.31 in the previous year[19]. - Basic earnings per share increased to ¥0.7, up 89.19% from ¥0.37 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥188,506,142.80, up 89.29% from ¥99,587,255.23 in the same period last year[19]. - The company achieved a revenue of RMB 1.088 billion, representing a year-on-year growth of 52.65%, and a net profit of RMB 199 million, up 92.98% year-on-year[36]. - The company reported a total comprehensive income of CNY 198,725,545.73 for the first half of 2019, compared to CNY 103,166,107.51 in the previous year, indicating a significant growth[170]. - The net profit for Q3 2019 is projected to be RMB 71.7068 million, reflecting a year-on-year growth of 51.73% to 115.3%[75]. Cash Flow and Investments - The net cash flow from operating activities was ¥3,785,400.88, a turnaround from a negative cash flow of ¥37,805,581.38 in the same period last year, marking a 110.01% improvement[19]. - The company has achieved a significant increase in cash and cash equivalents, up 621.71% due to bank acceptance bills received during the period[30]. - Investment income reached ¥103,663,646.31, accounting for 44.27% of total profit, with sustainable returns from long-term equity investments[47]. - The total cash inflow from investment activities was 995,131,891.73 CNY, significantly higher than 637,815,187.24 CNY in the previous year, reflecting increased investment recovery[178]. - The net cash flow from financing activities improved to 258,613,829.59 CNY in the first half of 2019, compared to -59,228,674.87 CNY in the same period of 2018, showing a positive shift in financing operations[179]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,499,838,892.27, a 64.51% increase from ¥2,735,314,477.10 at the end of the previous year[19]. - The total liabilities of the company as of June 30, 2019, were RMB 3,556,431,141.40, compared to RMB 1,556,462,793.29 at the end of 2018, indicating an increase of about 128.7%[158]. - The company's long-term borrowings rose to ¥283,527,040.00 from ¥44,527,040.00, reflecting a significant increase of approximately 536.5%[158]. - The total owner's equity as of June 30, 2019, was ¥1,867,836,416.15, compared to ¥1,789,515,752.78 at the end of 2018, showing an increase of 4.4%[164]. Research and Development - Research and development expenses increased by 22.07% to RMB 30.29 million, with 10 patents authorized during the reporting period[39]. - The company holds 49 authorized invention patents and 40 utility model patents, showcasing its commitment to innovation and technology development[31]. - Research and development expenses for the first half of 2019 were ¥29,466,082.77, compared to ¥24,239,319.04 in the same period of 2018, indicating a growth of 21.0%[165]. Market Position and Strategy - The company is a leading producer of fungicides in China and has developed several key products, including Abamectin and other formulations, contributing to its market position[28]. - The global pesticide market has shown an upward trend, driven by population growth and increased demand for food, which supports the company's growth outlook[27]. - The company is actively pursuing smart manufacturing initiatives and has been recognized as an advanced enterprise in intelligent manufacturing[31]. - The company plans to expand its market presence and invest in new product development to drive future growth[186]. Environmental Compliance and Social Responsibility - The company has invested a total of 330 million yuan in environmental protection over recent years, achieving compliance with "three wastes" discharge standards[77]. - The company has implemented measures to ensure compliance with environmental standards and regulations[106]. - The company reported a total of 11 million yuan in funds allocated for poverty alleviation efforts, including 10 million yuan for infrastructure development in a targeted village[127]. - The company has established a third-party monitoring system for emissions, ensuring compliance with environmental standards[124]. Shareholder Information - The total number of shares decreased from 283,528,220 to 283,500,570 due to the repurchase and cancellation of 27,650 restricted stocks[136]. - The largest shareholder, Li Ming, holds 21.87% of the shares, totaling 61,990,500 shares, with 45,112,000 shares pledged[141]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[82].