牧原股份(002714) - 2024 Q1 - 季度财报

Revenue and Profit - Revenue for the first quarter of 2024 was RMB 26,272,049,758.43, an increase of 8.57% compared to the same period last year[4] - Total operating income rose to 26.27 billion yuan from 24.20 billion yuan, an increase of 8.57%[18] - Net profit attributable to shareholders of the listed company was RMB -2,378,911,751.33, a decrease of 98.56% year-on-year[4] - Net profit loss widened to -2.46 billion yuan from -1.20 billion yuan, a significant increase in loss[19] - Basic earnings per share decreased to -0.44 from -0.22, indicating a doubling of loss per share[20] - Total comprehensive income loss expanded to -2.49 billion yuan from -1.21 billion yuan, a significant increase[20] - Minority shareholders' comprehensive income loss increased to -79.88 million yuan from -2.44 million yuan[20] Cash Flow - Net cash flow from operating activities was RMB 5,066,779,306.59, a significant increase of 231.48% compared to the same period last year[4] - Sales of goods and services received cash of 26.86 billion yuan, an increase from 24.59 billion yuan in the previous period[21] - Operating cash inflow totaled 28.74 billion yuan, up from 26.26 billion yuan in the previous period[21] - Operating cash outflow decreased to 23.68 billion yuan from 30.11 billion yuan in the previous period[21] - Net cash flow from operating activities improved to 5.07 billion yuan from a negative 3.85 billion yuan in the previous period[21] - Investment cash inflow increased to 846.99 million yuan from 294.25 million yuan in the previous period[22] - Investment cash outflow rose to 6.27 billion yuan from 4.34 billion yuan in the previous period[22] - Net cash flow from investment activities was negative 5.42 billion yuan, compared to negative 4.05 billion yuan in the previous period[22] - Financing cash inflow totaled 28.09 billion yuan, slightly up from 27.35 billion yuan in the previous period[22] - Net cash flow from financing activities was 1.98 billion yuan, down from 10.17 billion yuan in the previous period[22] - Cash and cash equivalents at the end of the period stood at 15.40 billion yuan, compared to 20.18 billion yuan in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were RMB 196,664,428,612.52, an increase of 0.64% compared to the end of the previous year[4] - The company's total assets increased to RMB 196.66 billion, up from RMB 195.40 billion at the beginning of the quarter[15][16] - Current assets totaled RMB 64.97 billion, with cash and cash equivalents amounting to RMB 23.02 billion, up from RMB 19.43 billion at the start of the quarter[15] - Inventory decreased to RMB 39.33 billion from RMB 41.93 billion at the beginning of the quarter[15] - Fixed assets stood at RMB 110.79 billion, slightly down from RMB 112.15 billion at the start of the quarter[16] - Short-term borrowings increased to RMB 50.80 billion, up from RMB 46.93 billion at the beginning of the quarter[16] - Accounts payable decreased to RMB 21.47 billion from RMB 23.46 billion at the start of the quarter[16] - Long-term borrowings increased to RMB 10.44 billion, up from RMB 9.86 billion at the beginning of the quarter[16] - The company's total liabilities increased to RMB 125.06 billion, up from RMB 121.37 billion at the start of the quarter[16] - Total liabilities increased to 125.06 billion yuan from 121.37 billion yuan, a growth of 3.04%[17] Expenses - R&D expenses increased by 52.28% year-on-year, reflecting increased investment in research and development[9] - Sales expenses increased by 36.62% year-on-year, primarily due to increased employee compensation[9] - R&D expenses increased to 475.75 million yuan from 312.43 million yuan, a rise of 52.27%[18] - Sales expenses grew to 280.08 million yuan from 205.00 million yuan, up by 36.62%[18] - Financial expenses increased to 831.39 million yuan from 710.06 million yuan, a rise of 17.09%[18] Equity and Shareholders - The company's weighted average return on equity was -3.86%, a decrease of 2.19 percentage points compared to the same period last year[4] - The company's total equity attributable to shareholders of the listed company was RMB 61,177,227,073.81, a decrease of 2.63% compared to the end of the previous year[4] - The top 10 shareholders collectively hold a significant portion of the company's shares, with Hong Kong Securities Clearing Corporation holding the largest stake at 158.21 million shares[12] - The company's employee stock ownership plan holds 56.44 million shares, representing a significant portion of the company's equity[12] Accounts Receivable and Other Assets - Accounts receivable decreased by 42.60% compared to the beginning of the period, mainly due to a reduction in receivables from slaughter and meat business[8] - Other current assets increased by 45.75%, mainly due to increased insurance payments and bank wealth management products[8] Operating Costs - Operating costs increased to 29.50 billion yuan from 26.04 billion yuan, up by 13.29%[18]