牧原股份(002714.SZ)回覆問詢函稱：不存在利用少數股東損益調節合併報表歸母淨利潤的行為
格隆匯 3 月 16日丨牧原股份(002714.SZ)回覆深交所問詢函稱，公司與同行業上市公司固定資產週轉率和固定資產佔營業收入的比例存在差異的主要原因系公司的主營業務構成和生豬養殖模式與同行業上市公司存在明顯差異。近三年又一期，公司固定資產週轉率不存在異常情況。
近三年又一期，固定資產的平均增長率與營業收入的平均增長率基本維持一致，二者之間具有匹配關係，公司固定資產週轉率不存在異常。
近三年又一期，公司加權平均母公司股東淨資產收益率與加權平均少數股東淨資產收益率的變動趨勢保持一致。2019年和2020年1-9月，公司加權平均母公司股東淨資產收益率高於加權平均少數股東淨資產收益率的主要原因系公司與華能貴誠信託有限公司、中央企業貧困地區產業投資基金股份有限公司等戰略投資者合資成立的子公司均是在2019年末開始成立的，項目投資規模較大，但該部分子公司生豬養殖場的建設與產能形成需要一定的時間，故導致少數股東權益較大但少數股東損益較低，加權平均少數股東淨資產收益率低於加權平均母公司股東淨資產收益率，公司不存在利用少數股東損益調節合併報表歸母淨利潤的行為。
2019年和2020年1-9月存在少數股東權益的子公司成立時間主要在2019年末以後，該些子公司的生豬養殖項目大部分都屬於建設初期或待建項目，實現收益均需要一定的時間。故與原有已建成已經投產的生豬養殖項目相比，存在少數股東權益的子公司淨利潤較低，歸屬於少數股東的損益相應也較低。因該些子公司的項目投資規模較大但因該些子公司的生豬養殖場的建設與產能形成需要一定的時間，故加權平均少數股東淨資產收益率低於加權平均母公司股東淨資產收益率是合理的。公司不存在利用少數股東損益調節合併報表歸母淨利潤的行為。
牧原建築主要是服務於牧原股份生豬養殖場的建設需求，從牧原建築近三年又一期的收入、毛利率情況可以看出，設立牧原建築的主要目的是服務於上市公司的快速發展、建設需求，不以盈利為主要目的，不存在利益輸送的情況。
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