鹏都农牧(002505) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥3,560,239,604.09, a decrease of 28.23% compared to ¥4,960,799,886.90 in the same period last year[5] - The net loss attributable to shareholders was ¥116,393,535.02, representing a 194.66% increase in losses from ¥39,500,793.85 year-over-year[5] - The company reported a basic and diluted earnings per share of -¥0.0183, a decline of 195.16% from -¥0.0062 in the same quarter last year[5] - The net profit for the current period is a loss of ¥168,061,406.44, compared to a loss of ¥29,894,224.32 in the previous period, indicating a significant increase in losses[22] - The company incurred a total comprehensive loss of ¥386,305,482.01, compared to a loss of ¥35,947,622.86 in the previous period[22] Cash Flow - The net cash flow from operating activities improved slightly to -¥530,751,104.94, a 6.13% improvement from -¥565,421,656.20 in the previous year[5] - The net cash flow from investing activities improved significantly to ¥25,838,373.93, a change of ¥61,236,270.56 or 172.99% from -¥35,397,896.63 in the same period last year[10] - The net cash flow from financing activities was ¥209,927,460.95, an increase of ¥233,110,539.34 or 1005.52% compared to -¥23,183,078.39 in Q1 2023, mainly due to debt repayments in the previous period[10] - The cash inflow from investment activities is ¥50,795,278.72, an increase from ¥36,618,372.54 in the previous period, showing some recovery in investment returns[23] - The cash and cash equivalents at the end of Q1 2024 amounted to ¥1,367,442,268.65, up from ¥1,083,925,442.76 at the end of Q1 2023[24] Assets and Liabilities - Total assets increased by 9.57% to ¥16,966,928,035.46 from ¥15,484,344,067.20 at the end of the previous year[5] - Accounts receivable rose by 35.18% to ¥4,541,845,210.16, primarily due to increased agricultural and grain receivables from the Brazilian subsidiary[9] - Total liabilities reached CNY 11,973,858,463.60, compared to CNY 10,200,152,909.01 at the beginning of the quarter, marking an increase of about 17.4%[19] - The company's total equity decreased to CNY 4,993,069,571.86 from CNY 5,284,191,158.19, reflecting a decline of approximately 5.5%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 128,074, with no preferred shareholders having restored voting rights[13] - The largest shareholder, Shanghai Pengxin Agricultural Investment (Group) Co., Ltd., holds 15.90% of the shares, amounting to 1,013,818,694 shares, with 469,000,000 shares pledged[13] Operational Metrics - Operating costs for Q1 2024 were ¥3,257,736,598.65, down by ¥1,215,617,468.36 or 27.17% from the previous year, also impacted by international market price declines[10] - The company's current assets totaled CNY 10,239,222,171.65, up from CNY 8,649,092,452.54 at the start of the quarter, reflecting a growth of approximately 18.4%[18] - Inventory levels rose to CNY 2,378,323,542.94, compared to CNY 1,865,507,479.70, indicating an increase of approximately 27.5%[18] Other Financial Metrics - Non-operating losses totaled ¥23,171,425.08, influenced by various factors including asset disposals and government subsidies[6] - The weighted average return on equity was -2.63%, a decrease of 1.87% compared to -0.75% in the previous year[5] - Research and development expenses decreased to ¥992,672.58 from ¥2,724,497.64, reflecting a reduction in investment in innovation[21] - The company reported a significant increase in financial expenses, totaling ¥152,942,071.07, compared to ¥114,261,494.44 in the previous period[21] Accounting and Reporting Changes - The first quarter report for 2024 was not audited, which may affect the reliability of the financial data presented[25] - The company is implementing new accounting standards starting in 2024, which may impact future financial reporting[25]