道道全(002852) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,116,421,382.99, a decrease of 7.62% compared to CNY 2,291,087,705.08 in the same period last year[19]. - Net profit attributable to shareholders increased by 22.79% to CNY 125,110,371.53, up from CNY 101,888,431.92 in the previous year[19]. - The total profit for the period was CNY 123.86 million, down 4.56% year-on-year[28]. - The net profit attributable to shareholders increased by 22.79% to CNY 125.11 million, primarily due to price adjustments and reduced sales expenses[28]. - The net profit after deducting non-recurring gains and losses was CNY 72,404,402.65, a decrease of 12.95% from CNY 83,174,253.42 in the same period last year[19]. - The company reported a net profit of 31,315,906.0 yuan for the period, with a significant contribution from its subsidiary, Daodaoquan Grain Oil Yueyang Co., Ltd., which generated an operating income of 1,329,832,000 yuan[65]. - The company reported a significant increase in fair value changes, with gains of CNY 40,011,220.00 compared to CNY 6,010,634.80 in the prior year[149]. - The company reported a significant increase in cash received from other operating activities, totaling 2,474,813,642.16 CNY, compared to 2,757,282,808.15 CNY in the previous year, a decrease of about 10.3%[160]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -36,267,165.81, a decline of 201.27% compared to CNY 35,812,965.68 in the same period last year[19]. - The company's cash flow from operating activities showed a significant decline of 201.27%, resulting in a net outflow of ¥36,267,165.81[42]. - The net cash flow from operating activities for the first half of 2021 was -180,160,115.10 CNY, compared to 126,592,357.06 CNY in the same period of 2020, indicating a significant decline[160]. - The ending balance of cash and cash equivalents was 103,092,407.45 CNY, down from 194,100,083.81 CNY at the end of the first half of 2020, indicating a decrease of approximately 46.9%[159]. - The company's cash and cash equivalents decreased to CNY 103.09 million, accounting for 2.81% of total assets, a decrease of 8.23% year-on-year[53]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,671,313,950.17, an increase of 6.17% from CNY 3,457,936,124.56 at the end of the previous year[19]. - The company's total assets at the end of the reporting period amounted to 713 million RMB, with a year-on-year growth of 63.9%[166]. - Total liabilities reached CNY 1,680,335,541.96, compared to CNY 1,572,162,761.10, showing an increase of approximately 6.9%[141]. - The total liabilities at the end of the reporting period were 1,494.69 million, indicating a stable financial position[177]. - The company's inventory increased to CNY 1.16 billion, representing 31.47% of total assets, an increase of 6.16% compared to the end of the previous year[53]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has established a profit distribution policy, committing to distribute at least 20% of the annual distributable profits in cash to shareholders[87]. - The company has a three-year shareholder dividend return plan, considering industry characteristics and operational factors for cash dividend ratios[87]. - The total number of ordinary shareholders at the end of the reporting period was 20,045[125]. - Liu Jianjun holds 29.71% of the shares, totaling 85,853,138 shares, with a decrease of 64,389 shares during the reporting period[125]. Market and Product Strategy - The company is focusing on launching new products such as high oleic rapeseed oil and tea oil to enhance its product range and competitiveness[30]. - The company aims to leverage its brand strength and market position to expand its main business and enhance competitiveness in the industry[29]. - The company plans to expand its market presence beyond the Yangtze River region into other areas such as Northwest, South China, and North China[40]. - The company is exploring potential mergers and acquisitions to strengthen its market position[165]. - The company plans to expand its market presence and enhance product offerings in the upcoming quarters[165]. Research and Development - The company’s R&D investment decreased by 12.96% to ¥2,138,409.84 compared to ¥2,456,754.54 in the previous year[42]. - Research and development expenses were CNY 2,138,409.84, slightly down from CNY 2,456,754.54 in the first half of 2020[148]. - Research and development efforts are focused on new product innovations to meet consumer demand[165]. - The company aims to enhance its operational efficiency by implementing new technologies and optimizing supply chain management[170]. Environmental and Social Responsibility - The company has established a comprehensive emergency response plan for environmental incidents, with regular drills and training conducted[81]. - The company actively engages in social responsibility initiatives, including support for education and assistance for disadvantaged groups[85]. - The company emphasizes the protection of shareholder and creditor rights, ensuring fair treatment and compliance with corporate governance standards[85]. - The company has a clear commitment to environmental protection as part of its sustainable development strategy[89]. Governance and Compliance - The company has maintained its governance structure without changes in its board or management during the reporting period, ensuring continuity in leadership[74]. - The company has not engaged in any significant related party transactions during the reporting period, maintaining financial integrity[100]. - The financial report for the first half of 2021 was not audited[137]. - The company follows the latest accounting standards issued by the Ministry of Finance, ensuring accurate financial reporting[188].