海大集团(002311) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was CNY 19.95 billion, an increase of 26.98% compared to CNY 15.71 billion in the same period last year[3] - Net profit attributable to shareholders was CNY 200.70 million, a decrease of 71.62% from CNY 707.28 million year-on-year[3] - Revenue increased by 43.27% year-on-year, driven by higher income and increased investment in construction[8] - Total operating revenue for Q1 2022 reached CNY 19,953,219,403.77, an increase of 27.3% compared to CNY 15,713,132,477.82 in the same period last year[22] - Net profit for Q1 2022 was CNY 232,006,065.64, a decrease of 71.1% from CNY 803,953,797.53 in Q1 2021[24] - Total comprehensive income for the period was CNY 254,547,318.95, compared to CNY 811,993,281.28 in the previous period[25] - Basic and diluted earnings per share were both CNY 0.12, down from CNY 0.43 in the previous period[25] Cash Flow - The net cash flow from operating activities was negative CNY 1.05 billion, a decline of 25.37% compared to the previous year[3] - Net cash flow from operating activities was CNY -1,046,616,499.85, a decrease from CNY -834,854,929.29 in the previous period[27] - Cash inflow from operating activities totaled CNY 21,175,998,610.20, up from CNY 17,171,454,546.97 in the previous period[27] - Cash outflow from operating activities was CNY 22,222,615,110.05, compared to CNY 18,006,309,476.26 in the previous period[27] - Net cash flow from investing activities decreased by 174.13% year-on-year, as the group intensified investments in new feed factories[8] - Net cash flow from investing activities was CNY -2,436,270,357.27, worsening from CNY -888,716,606.53 in the previous period[28] - Cash inflow from financing activities amounted to CNY 8,047,445,925.00, compared to CNY 6,843,983,236.24 in the previous period[28] - Net cash flow from financing activities increased by 78.76% year-on-year, due to a rise in cash received from borrowings[8] - Net cash flow from financing activities was CNY 4,048,101,043.47, an increase from CNY 2,264,584,227.80 in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 41.73 billion, an increase of 17.07% from CNY 35.65 billion at the end of the previous year[4] - The total liabilities rose to CNY 25,448,880,227.93, compared to CNY 19,715,195,063.65 in the same period last year, showing a growth in financial obligations[21] - The company's total equity increased to CNY 16,285,585,851.42, up from CNY 15,933,384,736.44, reflecting a strengthening of the financial position[21] - The company's short-term borrowings increased to CNY 6,473,163,967.58 from CNY 3,782,336,144.35, reflecting an increase of approximately 71.7%[19] - The company reported a significant increase in contract liabilities to CNY 3,165,103,241.64, compared to CNY 1,908,259,980.27, indicating growth in customer prepayments[21] Operational Metrics - The company achieved a feed sales volume of 4.19 million tons, representing a year-on-year growth of 22%[7] - The operating cost increased by 32.19% year-on-year, primarily due to the growth in sales volume of various products[7] - The company experienced a 236.07% decline in net profit from the pig farming segment, with a revenue of CNY 1.37 billion, down 1.56% year-on-year[7] Research and Development - R&D expenses rose by 63.21% year-on-year, reflecting the company's commitment to enhancing research and development capabilities[8] - Research and development expenses increased to CNY 136,212,030.43, compared to CNY 83,459,232.75 in the previous year, indicating a focus on innovation[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,047[9] - The largest shareholder, Guangzhou Haihao Investment Co., Ltd., held 54.58% of the shares, with 51,235,000 shares pledged[9] - The company repurchased 10.27 million shares, which were not included in the top ten shareholders[10] - The company granted 47,953,200 stock options to 4,003 eligible participants under the 2021 stock option incentive plan, with the grant date set on June 10, 2021[15] - The exercise price for the stock options was adjusted from CNY 59.68 to CNY 59.36 following the completion of the 2020 annual equity distribution plan[15] - As of the end of the reporting period, the company held 1,194,582 shares under the core team employee stock ownership plan, representing approximately 0.07% of the total share capital[17] Financial Expenses - Financial expenses surged by 84.09% year-on-year, primarily due to increased borrowing and the amortization of leasing liabilities under new accounting standards[8] - The financial expenses, including interest expenses, rose to CNY 147,181,580.77, compared to CNY 79,948,974.10, reflecting higher borrowing costs[23] Other Income - Other income increased by 43.95% year-on-year, mainly from government subsidies received during the period[8] - Investment income decreased by 32.85% year-on-year, attributed to lower profits from the company's futures business[8]