Hiroad(SZ:300915)2022-08-28 16:00Financial Performance - The company's operating revenue for the first half of 2022 was approximately CNY 418.84 million, representing a 19.70% increase compared to CNY 349.91 million in the same period last year[20]. - The net profit attributable to shareholders of the listed company was approximately CNY 51.95 million, a slight increase of 0.41% from CNY 51.74 million in the previous year[20]. - The net profit after deducting non-recurring gains and losses decreased by 7.47% to approximately CNY 40.27 million from CNY 43.52 million in the same period last year[20]. - The basic and diluted earnings per share increased by 1.75% to CNY 0.58 per share, compared to CNY 0.57 per share in the same period last year[20]. - The gross profit margin for the overall business decreased to 34.48% from 47.21% in the previous year, primarily due to rising raw material costs[42]. - The revenue from the main product, plant-based cream, was CNY 38,534.38 million, with a gross profit margin of 35.30%, down from 48.97% in the same period last year[44]. - The company's revenue for the first half of 2022 reached ¥418,842,688.96, representing a 19.70% increase compared to ¥349,912,808.62 in the same period of 2021[42]. - The company reported a total revenue from sales of goods and services of 462,566,208.78 CNY in the first half of 2022, up from 358,454,790.13 CNY in the same period of 2021, indicating a growth of 29.0%[180]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, with a net outflow of approximately CNY 14.38 million, a 61.70% reduction from a net outflow of CNY 37.53 million in the previous year[20]. - The company's total assets at the end of the reporting period were approximately CNY 1.58 billion, a decrease of 1.31% from CNY 1.60 billion at the end of the previous year[20]. - Cash and cash equivalents decreased by 8.05% to ¥210,798,347.15, accounting for 13.36% of total assets[63]. - The company's total financial assets at fair value reached ¥972,815,152.78, an increase of 8.00% from the previous year[67]. - The company's cash flow from operating activities showed a net outflow of -16,621,624.05 CNY in the first half of 2022, an improvement from -38,759,902.63 CNY in the same period of 2021, indicating a 57.0% reduction in cash outflow[182]. Market and Product Development - The baking food retail market in China reached a scale of RMB 235.82 billion in 2020, with a year-on-year growth of 3% despite the pandemic impact, and is expected to grow to RMB 359 billion by 2025[28]. - The company focuses on the production and sales of baking food raw materials, primarily including margarine, chocolate, and jam, with a strong emphasis on health-oriented products[29]. - The company has developed a new product line called "Fei Dan," which emphasizes zero fat, zero oil, high-quality protein, and no cholesterol or sucrose[30]. - The company launched several new products, including a 70% cream product and a plant-based almond milk drink, to cater to evolving consumer preferences[37]. - The company is actively promoting plant-based products as a strategic focus, aiming to capture a larger market share in this segment[40]. Risk Management and Compliance - The company has outlined potential risks and corresponding measures in the report, emphasizing the importance of risk awareness for investors[3]. - The company has not reported any significant changes in its accounting policies or financial reporting standards during the reporting period[21]. - The company emphasizes strict food safety measures, adhering to HACCP, ISO9001, and ISO22000 standards to ensure product quality[35]. - The company has established a pandemic prevention leadership group to minimize the adverse effects of COVID-19 on production and sales[91]. - The company has implemented a comprehensive quality control system based on HACCP, ISO9001, and ISO22000 standards to mitigate food safety risks[83]. Corporate Governance and Shareholder Commitments - The company plans not to distribute cash dividends or issue bonus shares for this period[4]. - The company reported a commitment to not transfer or delegate management of shares for 36 months post-IPO, with compliance confirmed[111]. - The report indicates that all commitments made by major shareholders and management have been executed normally[111]. - The company has established a clear framework for share transfer regulations to maintain market confidence and stability[111]. - The company emphasizes the importance of accurate information disclosure to avoid misleading statements that could impact investor decisions[117]. Social Responsibility and Community Engagement - The company actively engages in social responsibility, balancing business development with contributions to society[103]. - During the reporting period, the company donated RMB 150,000 to the Jin Hui Town Charity Foundation for the 28th "Love Under the Blue Sky" charity event and provided epidemic prevention materials worth RMB 300,000[108]. - The company has a strong environmental protection awareness and actively practices environmental responsibility, ensuring compliance with national environmental protection regulations[101].