京粮控股(000505) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 3,636,199,231.97, representing a 13.39% increase compared to CNY 3,206,922,214.64 in the same period last year[4]. - Net profit attributable to shareholders decreased by 38.89% to CNY 22,774,154.56 from CNY 37,265,080.42 year-on-year[4]. - The net profit for Q1 2024 was CNY 24,009,703.73, a decrease of 46.8% compared to CNY 45,149,184.66 in Q1 2023[16]. - Operating profit for Q1 2024 was CNY 29,197,418.98, down 52.3% from CNY 61,292,421.12 in the same period last year[16]. - The total comprehensive income for Q1 2024 was CNY 24,045,678.85, compared to CNY 44,920,822.81 in Q1 2023, reflecting a decrease of 46.6%[16]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching CNY 10,638,984.21, a 111.21% increase from a negative CNY 94,878,495.30 in the previous year[4]. - The cash and cash equivalents at the end of Q1 2024 amounted to CNY 1,629,360,482.60, an increase of 5.57% from CNY 1,543,385,751.86 at the beginning of the quarter[11]. - The cash and cash equivalents at the end of Q1 2024 amounted to CNY 1,626,736,662.38, up from CNY 803,707,289.76 at the end of Q1 2023[20]. - The net increase in cash and cash equivalents for Q1 2024 was CNY 86,097,582.43, compared to CNY 252,268,179.69 in Q1 2023[20]. - The total investment cash outflow for Q1 2024 was CNY 14,344,756.16, compared to CNY 165,255,271.24 in Q1 2023, indicating a decrease of 91.4%[19]. Assets and Liabilities - Total assets increased by 8.43% to CNY 7,044,471,920.26 compared to CNY 6,496,782,984.90 at the end of the previous year[4]. - Total assets as of March 31, 2024, were CNY 7,044,471,920.26, up from CNY 6,496,782,984.90, reflecting a growth of 8.44%[13]. - Total liabilities increased to CNY 3,445,094,942.37 from CNY 2,921,451,685.86, marking a rise of 17.93%[13]. Profitability Metrics - The company reported a decrease in basic and diluted earnings per share by 40.00%, down to CNY 0.03 from CNY 0.05[4]. - Gross profit margin for Q1 2024 was approximately 1.21%, compared to 0.27% in Q1 2023, indicating improved profitability[15]. Operational Highlights - Total operating revenue for Q1 2024 reached CNY 3,636,199,231.97, an increase of 13.38% compared to CNY 3,206,922,214.64 in the same period last year[15]. - Total operating costs for Q1 2024 were CNY 3,592,232,232.97, up from CNY 3,221,334,328.37, reflecting a year-over-year increase of 11.52%[15]. - The company experienced an increase in accounts receivable due to higher sales of oilseed products, indicating a growth in customer credit[6]. - Accounts receivable increased significantly to CNY 286,806,228.71 from CNY 115,780,372.55, representing a growth of 147.80%[11]. - Inventory decreased to CNY 1,963,520,318.44 from CNY 2,041,860,143.11, a decline of 3.85%[11]. Market and Future Outlook - The decline in net profit was attributed to a surplus in the domestic oilseed market and downward pressure on product prices, particularly in the soybean sector[7]. - Future outlook includes potential market expansion and new product development strategies, although specific figures are not provided in the report[12]. - Investment income rose due to increased returns from investments in joint ventures[6]. - The company reported an increase in other operating income, primarily from customer default compensation[6]. - The company experienced a foreign exchange loss of CNY -1,127,138.25 in Q1 2024, compared to a loss of CNY -544,367.94 in Q1 2023[19]. Research and Development - Research and development expenses increased due to higher material and testing costs for projects undertaken by subsidiaries[6].