北大荒(600598) - 2024 Q1 - 季度财报

Revenue and Profit Performance - Revenue for the first quarter of 2024 reached 956,190,486.30 RMB, a year-on-year increase of 10.28%[4] - Net profit attributable to shareholders of the listed company was 554,734,945.42 RMB, up 3.61% compared to the same period last year[4] - Total operating revenue for Q1 2024 reached 956,190,486.30 RMB, up from 867,078,769.89 RMB in Q1 2023[18] - Revenue for Q1 2024 reached RMB 941,744,625.65, a 8.7% increase from RMB 866,377,350.09 in Q1 2023[29] - Net profit for Q1 2024 was RMB 555,751,738.40, an increase of 3.2% compared to RMB 538,289,544.22 in Q1 2023[30] - Net profit attributable to parent company shareholders increased to 554.73 million yuan, up from 535.39 million yuan in the same period last year[21] Asset and Liability Changes - Total assets at the end of the reporting period were 14,653,306,666.61 RMB, a 68.44% increase from the end of the previous year[5] - The company's total assets increased to 14,653,306,666.61 RMB as of March 31, 2024, compared to 8,699,471,081.80 RMB at the end of 2023[15][17] - The company's monetary funds surged to 7,150,796,568.06 RMB as of March 31, 2024, from 2,370,282,191.86 RMB at the end of 2023[14] - Inventory increased significantly to 1,119,838,601.50 RMB as of March 31, 2024, compared to 244,773,037.47 RMB at the end of 2023[14] - Contract liabilities grew to 4,385,038,540.73 RMB as of March 31, 2024, up from 4,004,007.95 RMB at the end of 2023[16] - The company's total liabilities increased to 6,806,411,664.26 RMB as of March 31, 2024, compared to 1,399,107,136.98 RMB at the end of 2023[16] - Shareholders' equity attributable to the parent company rose to 8,051,666,022.38 RMB as of March 31, 2024, from 7,503,446,906.65 RMB at the end of 2023[17] - The company's total current assets increased to 9,727,607,504.92 RMB as of March 31, 2024, compared to 3,699,311,904.39 RMB at the end of 2023[15] - The company's total non-current assets decreased slightly to 4,925,699,161.69 RMB as of March 31, 2024, from 5,000,159,177.41 RMB at the end of 2023[15] - Total assets grew to RMB 14,556,273,880.66 in Q1 2024, compared to RMB 8,596,347,433.69 at the end of 2023[27] - Total liabilities increased to RMB 6,364,816,562.46 in Q1 2024, up from RMB 960,641,853.89 at the end of 2023[28] - Shareholders' equity rose to RMB 8,191,457,318.20 in Q1 2024, compared to RMB 7,635,705,579.80 at the end of 2023[28] - The company's monetary funds increased significantly to RMB 7,104,425,936.54 in Q1 2024, up from RMB 2,336,094,979.57 at the end of 2023[25] - Inventory grew to RMB 1,073,365,935.33 in Q1 2024, a substantial increase from RMB 192,814,495.27 at the end of 2023[25] Cash Flow and Operating Activities - Net cash flow from operating activities was 5,103,494,325.08 RMB, a year-on-year increase of 6.84%[4] - Operating cash flow increased to 5.10 billion yuan, up from 4.78 billion yuan in the same period last year[23] - Net cash flow from investment activities was negative RMB 320,042,825.87 in Q1 2024, an improvement from negative RMB 375,055,332.38 in the same period last year[24] - Cash outflow for investment activities totaled RMB 521,392,825.87 in Q1 2024, slightly lower than RMB 526,515,375.83 in the same period last year[24] - Operating cash flow for Q1 2024 was RMB 5,090,019,130.32, an increase of 6.3% compared to RMB 4,787,058,520.13 in Q1 2023[32] - Cash received from sales of goods and services in Q1 2024 was RMB 5,434,663,968.47, an increase of 4.6% compared to RMB 5,197,014,963.10 in Q1 2023[32] - Cash paid for goods and services in Q1 2024 was RMB 586,255,273.30, a decrease of 24.4% compared to RMB 775,175,384.99 in Q1 2023[32] - Investment cash outflow in Q1 2024 was RMB 500,000,000.00, unchanged from Q1 2023[32] - Net cash flow from financing activities in Q1 2024 was negative RMB 1,698,565.04, compared to negative RMB 518,494.33 in Q1 2023[33] - Net increase in cash and cash equivalents in Q1 2024 was RMB 4,768,329,627.91, an increase of 8.1% compared to RMB 4,411,646,895.14 in Q1 2023[33] - Ending cash and cash equivalents balance for Q1 2024 was RMB 7,101,779,809.14, a decrease of 3.5% compared to RMB 7,360,246,424.39 in Q1 2023[33] - Cash and cash equivalents increased to RMB 7,146,096,847.50 at the end of Q1 2024, up from RMB 2,363,954,313.33 at the beginning of the period[24] Earnings and Shareholder Information - Basic earnings per share (EPS) were 0.312 RMB, up 3.65% compared to the same period last year[4] - Weighted average return on equity (ROE) was 7.13%, a decrease of 0.05 percentage points[4] - The top shareholder, Beidahuang Nongken Group Co., Ltd., holds 64.14% of the company's shares[9] - The number of ordinary shareholders at the end of the reporting period was 112,188[9] - Basic earnings per share (EPS) stood at 0.312 yuan, compared to 0.301 yuan in the previous year[21] - Total comprehensive income reached 546.53 million yuan, compared to 529.56 million yuan in the previous year[21] Expenses and Income - Operating costs for Q1 2024 were 408,379,828.78 RMB, compared to 326,930,262.45 RMB in Q1 2023[18] - R&D expenses rose to 14.58 million yuan, compared to 13.39 million yuan in the previous year[19] - Management expenses increased to 102.36 million yuan, up from 88.84 million yuan in the same period last year[19] - Investment income increased to 6.14 million yuan, up from 1.81 million yuan in the same period last year[19] - Interest income rose to 28.19 million yuan, compared to 55.97 million yuan in the previous year[19] - Sales expenses increased to 11.52 million yuan, up from 6.08 million yuan in the same period last year[19] - Operating costs for Q1 2024 were RMB 292,317,799.66, up 7.8% from RMB 271,064,877.89 in Q1 2023[29] - Interest income for Q1 2024 was RMB 28,060,183.36, a decrease of 49.5% compared to RMB 55,594,656.23 in Q1 2023[30] Non-Recurring Items - Non-recurring gains and losses amounted to 1,265,082.20 RMB, primarily from government subsidies and other non-operating income[6] - The increase in total assets was mainly due to the advance collection of annual land contracting fees and agricultural service fees, leading to a significant rise in monetary funds[7]