牧原股份(002714) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥24,198,301,291.41, representing a 32.39% increase compared to ¥18,277,656,240.56 in the same period last year[4] - The net loss attributable to shareholders decreased to ¥1,198,054,174.39, a 76.87% improvement from a loss of ¥5,180,230,377.25 in the previous year[4] - The basic earnings per share improved to -¥0.22, up 77.78% from -¥0.99 in the same quarter last year[4] - The net profit for Q1 2023 was a loss of CNY 1.20 billion, compared to a loss of CNY 5.76 billion in the same quarter of the previous year[18] - The total comprehensive loss of CNY 1.21 billion for the quarter, compared to a loss of CNY 5.76 billion in the same period last year[19] Cash Flow - The net cash flow from operating activities was negative at ¥3,853,793,609.91, a significant decline of 6,520.16% compared to a negative cash flow of ¥58,213,007.43 last year[4] - Cash inflow from operating activities totaled 26,260,602,077.29 CNY, up from 20,032,221,444.43 CNY in the previous period, reflecting a growth of approximately 31.2%[20] - Cash outflow from operating activities increased to 30,114,395,687.20 CNY from 20,090,434,451.86 CNY, representing a rise of about 49.8%[20] - The net cash flow from investing activities was -4,047,346,897.67 CNY, an improvement from -5,912,610,439.14 CNY in the previous period[21] - The net cash flow from financing activities increased to 10,174,107,995.59 CNY from 8,188,296,935.34 CNY, showing a growth of approximately 24.3%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥198,089,643,750.55, reflecting a 2.66% increase from ¥192,947,611,799.00 at the end of the previous year[4] - The total liabilities of the company as of March 31, 2023, were RMB 130.16 billion, slightly down from RMB 130.37 billion at the beginning of the year[15] - Total current liabilities rose to RMB 85.53 billion, compared to RMB 78.17 billion at the start of the year, marking an increase of around 9.6%[15] - The total assets of the company reached CNY 198.09 billion, an increase from CNY 192.95 billion year-on-year, reflecting a growth of 2.2%[16] - The total liabilities increased to CNY 111.66 billion, up from CNY 104.88 billion year-on-year, reflecting a growth of 6.9%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 280,808, with the largest shareholder holding 38.12% of the shares[10] - The total equity attributable to shareholders of the parent company decreased to CNY 70.31 billion from CNY 71.78 billion, a decline of 2.1%[16] Investment and Expenses - The company reported a 71.80% increase in investment income compared to the same period last year, attributed to higher returns from joint ventures[9] - The company experienced a 75.57% increase in credit impairment losses, primarily due to higher provisions for bad debts[9] - Research and development expenses rose to CNY 312.43 million, an increase of 27.9% from CNY 244.30 million in the previous year[17] - Other income for the quarter was CNY 616.45 million, up from CNY 536.95 million, indicating a growth of 14.8%[17] Inventory and Borrowings - Inventory levels increased to RMB 41.86 billion from RMB 38.25 billion, representing a rise of approximately 6.8%[14] - Long-term borrowings decreased to RMB 9.79 billion from RMB 10.65 billion, a reduction of about 8.1%[15] - The company reported a decrease in short-term borrowings by 39.43%, indicating a reduction in financing scale compared to the previous period[8] Future Plans - The company plans to issue Global Depositary Receipts (GDR) representing up to 250 million A shares, which would account for 4.37% of the total share capital post-issue[13] - Muyuan Foods is in the process of establishing a financial company with Muyuan Group, with a registered capital of RMB 1 billion, where the company will contribute RMB 450 million[12]