鹏都农牧(002505) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥3,423,981,413.08, a decrease of 1.64% compared to ¥3,481,186,533.35 in the same period last year[8] - Net profit attributable to shareholders was ¥26,469,282.75, representing an increase of 5.96% from ¥24,980,110.41 year-on-year[8] - The net profit after deducting non-recurring gains and losses was -¥145,899,578.02, a significant decline of 301.95% compared to -¥36,298,226.07 in the previous year[8] - The net cash flow from operating activities was -¥352,805,069.10, a decrease of 35.03% from -¥261,274,468.17 in the same period last year[8] - Basic earnings per share were ¥0.0048, up 4.35% from ¥0.0046 in the same period last year[8] - The company reported a net loss of CNY 687.61 million for the first quarter of 2020, compared to a loss of CNY 714.08 million in the same period of 2019, indicating a slight improvement[61] - The total comprehensive income attributable to the parent company was -105,496,932.30 CNY, compared to -51,851,041.40 CNY in the previous period, indicating a significant decline[78] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,632,801,352.64, an increase of 11.07% from ¥13,174,358,948.22 at the end of the previous year[8] - The net assets attributable to shareholders were ¥4,465,939,853.65, a decrease of 2.31% from ¥4,571,436,785.95 at the end of the previous year[8] - Cash and cash equivalents decreased by 30.77% to 393,470,136.45 compared to the end of 2019, primarily due to increased payments for goods[25] - Accounts receivable increased by 31.64% to 3,191,893,703.95, mainly driven by increased sales volume during the soybean harvest season in Brazil[25] - Inventory surged by 111.94% to 2,515,779,521.97, attributed to higher stock levels during the soybean harvest season in Brazil[25] - Total liabilities reached CNY 9.67 billion, up from CNY 7.80 billion, which is an increase of about 24%[58] - Total assets reported at 102,033,641.05 million with a fair value measurement of 92,351,690,339.32 million[35] Financial Expenses and Income - Financial expenses rose significantly by 504.54% to 586,017,813.36, primarily due to exchange losses from the fluctuation of the USD against the Brazilian real[28] - The company reported a financial expense of CNY 586,017,813.36, significantly higher than CNY 96,936,381.56 in the previous period, marking an increase of over 500%[73] - The company reported a 128.59% increase in investment income to 379,873,873.94, driven by higher gains from forward contract settlements[28] - The investment income for the current period is CNY 379,873,873.94, compared to CNY 166,178,514.77 in the previous period, representing an increase of approximately 128.5%[73] Cash Flow - The net cash flow from operating activities decreased by 35.03% to -352,805,069.10, mainly due to increased payments for grains and agricultural inputs[28] - The cash inflow from investment activities was 16,122,202.25 CNY, compared to 213,074,329.79 CNY in the previous period, representing a decline of approximately 92.4%[97] - The cash outflow from investment activities was 14,219,925.00 CNY, significantly higher than 2,776,728.50 CNY in the previous period, indicating an increase of about 412.5%[97] - The company reported a cash inflow from operating activities of 66,128,232.33 CNY, a decrease from 686,316,929.54 CNY in the previous period, reflecting a decline of approximately 90.4%[94] Shareholder Information - The top ten shareholders held a total of 3,405,000,000 shares, with Shanghai Pengxin Group Co., Ltd. holding the largest share at 19.56%[12] - The total equity attributable to shareholders decreased to CNY 4.47 billion from CNY 4.57 billion, reflecting a decrease of about 2%[61] Derivative Financial Instruments - The company reported a derivative financial instrument fair value change of approximately 7,540 million during the reporting period[43] - The derivative investments are primarily in forward commodity contracts and foreign exchange contracts, with risks closely related to market price fluctuations[43] - The company has established strict internal approval systems and operational processes for derivative transactions to mitigate risks[43] Compliance and Governance - The company has no entrusted financial management activities during the reporting period[36] - There were no violations of external guarantees during the reporting period[44] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[45] - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[100] - The company did not apply the new revenue and leasing standards for the current period, which may impact future financial reporting[98]