冠农股份(600251) - 2016 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 358,426,489.51, a decrease of 7.64% year-on-year[10] - Net profit attributable to shareholders was CNY -4,755,858.46, representing a decline of 107.10% compared to the same period last year[10] - Basic earnings per share were CNY -0.0061, down 107.14% from CNY 0.0854 in the same period last year[10] - The net profit attributable to the parent company was a loss of RMB 4.76 million, a decrease of RMB 71.79 million compared to the same period last year, mainly due to a significant decline in the price and sales volume of potassium sulfate from a subsidiary[15] - Total operating revenue for Q1 2016 was CNY 358,426,489.51, a decrease of 7.6% compared to CNY 388,080,710.10 in the same period last year[43] - The net loss for Q1 2016 was CNY 6,353,540.57, compared to a net profit of CNY 75,362,859.15 in the same period last year[44] - Revenue for the current period is CNY 100,278.26 million, a decrease of 11% compared to CNY 112,577.71 million in the previous period[48] - Operating profit for the current period is CNY 24,352.33 million, down 60% from CNY 61,004.52 million in the previous period[48] - Net profit for the current period is CNY 24,348.93 million, a decline of 60% compared to CNY 60,925.12 million in the previous period[48] - Investment income decreased to CNY 30,476.80 million from CNY 70,232.96 million, representing a decline of 57%[48] - Total comprehensive income for the current period is CNY 18,934.63 million, a significant decrease from CNY 60,925.12 million in the previous period[48] Assets and Liabilities - Total assets decreased by 8.97% to CNY 3,446,392,051.85 compared to the end of the previous year[10] - As of March 31, 2016, the company's total assets amounted to CNY 3,446,392,051.85, a decrease from CNY 3,785,927,730.74 at the beginning of the year[32] - The company's current assets totaled CNY 1,354,058,555.41, down from CNY 1,507,604,527.79 at the start of the year, indicating a decline of approximately 10.2%[32] - Total liabilities decreased to CNY 1,339,185,362.62 from CNY 1,638,178,302.03, a reduction of approximately 18.3%[36] - The company's equity attributable to shareholders decreased to CNY 1,911,935,375.69 from CNY 1,922,105,533.06, a decline of about 0.5%[36] - The company reported a decrease in short-term borrowings to CNY 769,602,963.43 from CNY 872,547,770.71, a reduction of approximately 11.8%[34] - The company’s non-current assets totaled CNY 2,092,333,496.44, down from CNY 2,278,323,202.95, indicating a decline of about 8.2%[34] Cash Flow - Net cash flow from operating activities increased by 253.17% to CNY 63,358,671.16 compared to the previous year[10] - Cash flow from operating activities resulted in a net outflow of CNY 29,661.51 million, compared to a net outflow of CNY 96,375.15 million in the previous period[56] - Cash flow from investing activities showed a net outflow of CNY 10,439.18 million, down from a net inflow of CNY 19,732.01 million in the previous period[58] - Cash flow from financing activities resulted in a net outflow of CNY 45,905.48 million, compared to a net inflow of CNY 27,995.51 million in the previous period[58] - The ending cash and cash equivalents balance is CNY 42,094.49 million, down from CNY 194,105.15 million in the previous period[58] Shareholder Information - The total number of shareholders was 53,166 at the end of the reporting period[13] - Xinjiang Guanyuan Investment Co., Ltd. held 40.89% of the shares, with 320,932,708 shares pledged[13] - The company has implemented a stable profit distribution policy, prioritizing cash dividends while ensuring sustainable development and normal operations[21] - The cash dividend distribution should not exceed 10% of the annual distributable profit, with a cumulative distribution over the last three years being at least 30% of the average annual distributable profit[23] - The company will consider shareholder opinions and maintain a cash dividend ratio of at least 80% if in a mature stage without major capital expenditures[24] Other Financial Metrics - The weighted average return on net assets decreased by 3.76 percentage points to -0.25%[10] - The company reported non-operating income of CNY 3,546,489.78 for the period[12] - Tax payable increased by 137% to RMB 13.38 million, mainly due to withholding personal income tax on dividends for minority shareholders[15] - Interest payable decreased by 39.89% to RMB 16.44 million, primarily due to the repayment of interest on loans from old shareholders[15] - Other non-current assets decreased by 71.43% to RMB 66.50 million, mainly due to the transfer of land use rights payments to development costs after obtaining land certificates[15] - Accounts receivable decreased to CNY 217,125,951.69 from CNY 236,973,965.15, a reduction of approximately 8.4%[32] - Inventory decreased to CNY 589,429,348.71 from CNY 609,981,690.79, reflecting a decline of about 3.9%[32] - Current liabilities totaled CNY 521,364,817.95, a decrease from CNY 564,161,104.84, indicating a reduction of 7.6%[42] - The company’s long-term equity investments remained stable at CNY 1,662,968,519.54, slightly up from CNY 1,655,281,622.84[42] - The company’s cash and cash equivalents decreased from CNY 623,153,016.83 to CNY 595,148,311.71, a decline of 4.5%[42] - The company maintained a deferred income of CNY 2,043,333.33, unchanged from the previous period[42]