万向德农(600371) - 2016 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 64.37% to CNY 10,399,151.90 year-on-year[6] - Operating revenue decreased by 21.59% to CNY 85,238,643.42 compared to the same period last year[6] - Basic earnings per share rose by 48.39% to CNY 0.046 per share[6] - The net profit excluding non-recurring items increased by 214.02% to CNY 9,858,313.03 compared to the same period last year[6] - Net profit for Q1 2016 was ¥10,806,640.93, up 59.5% from ¥6,783,171.35 in the previous year[25] - Net profit attributable to shareholders of the parent company was ¥10,399,151.90, compared to ¥6,326,705.39 in the same period last year, reflecting a growth of 64.8%[25] - The net profit for the current period is ¥304,346.31, a decrease from ¥460,928.19 in the previous period, reflecting a decline of 33.9%[29] - The total profit for the current period is ¥304,346.31, compared to ¥460,928.19 in the previous period, indicating a decrease of 33.9%[29] Assets and Liabilities - Total assets increased by 15.74% to CNY 773,516,736.77 compared to the end of the previous year[6] - Total assets increased to RMB 773,516,736.77 from RMB 668,315,265.53, reflecting growth in both current and non-current assets[18] - Total liabilities rose to RMB 367,436,114.35 from RMB 272,184,001.76, indicating an increase in financial obligations[18] - Total liabilities decreased to ¥6,934,052.41 from ¥7,951,983.11, indicating a reduction of 12.8%[22] - Total equity increased to ¥319,941,064.73 from ¥319,636,718.42, showing a marginal growth[22] Cash Flow - Net cash flow from operating activities increased by 77.93% to CNY 140,492,109.40 compared to the previous year[6] - Net cash flow from operating activities increased to ¥140,492,109.40 from ¥78,961,015.06, marking an increase of 78.1% year-over-year[33] - Net cash flow from investing activities decreased by 80.96% to RMB 603,981.80 from RMB 3,172,250.76, due to reduced cash receipts from the disposal of fixed and intangible assets[13] - The net cash flow from investing activities for the current period is ¥603,981.80, down from ¥3,172,250.76, indicating a decrease of 81.0%[34] - The net cash flow from financing activities is negative at -¥70,544,433.11, with no cash inflow reported[34] Shareholder Information - The total number of shareholders reached 17,596 at the end of the reporting period[10] - The largest shareholder, Wanxiang San Nong Group Co., Ltd., holds 48.76% of the shares[11] Operating Costs and Revenue - Operating costs decreased by 31.67% to RMB 55,372,847.94 from RMB 81,034,622.20, reflecting a reduction in sales revenue and lower seed costs[12] - Total revenue for Q1 2016 was ¥85,238,643.42, a decrease of 21.6% compared to ¥108,708,951.24 in the same period last year[25] - Total operating costs for Q1 2016 were ¥74,972,841.36, down 28.8% from ¥105,113,081.05 in Q1 2015[25] Other Financial Metrics - The weighted average return on equity increased by 1.13 percentage points to 2.70%[6] - The company reported non-recurring gains and losses of CNY 540,838.87 during the period[9] - Cash and cash equivalents increased by 97.24% to RMB 286,203,066.59 from RMB 145,106,975.39 due to an increase in advance payments for seeds[12] - Prepayments rose by 250.36% to RMB 6,536,225.16 from RMB 1,865,564.62, attributed to increased advance payments for base funds[12] - The company reported a significant reduction in asset impairment losses, which decreased to ¥2,342,623.89 from ¥5,007,044.87 year-over-year[25] - Management expenses increased significantly to ¥606,552.70 from ¥303,031.34, representing a 100.5% increase year-over-year[29]