农发种业(600313) - 2018 Q1 - 季度财报

Financial Performance - Operating income decreased by 40.02% to CNY 605,281,723.84 compared to the same period last year[7] - Net profit attributable to shareholders decreased by 93.12% to CNY -14,913,726.06 compared to the same period last year[7] - Basic and diluted earnings per share decreased by 60.66% to CNY -0.0098[7] - Total operating revenue for Q1 2018 was CNY 605,281,723.84, a decrease of 40% compared to CNY 1,009,149,826.56 in the same period last year[34] - Net loss for Q1 2018 was CNY 21,084,309.49, compared to a net loss of CNY 13,728,173.33 in Q1 2017, representing a 53.5% increase in losses[36] - Operating profit for Q1 2018 was CNY -21,032,585.66, worsening from CNY -14,517,869.32 in the previous year[35] - The company reported a total comprehensive loss of CNY 21,084,309.49 for Q1 2018, compared to a loss of CNY 13,728,173.33 in Q1 2017[36] Cash Flow - Cash flow from operating activities increased by 256.05% to CNY 125,377,680.77 compared to the same period last year[7] - The company experienced a significant increase in cash flow despite a decline in revenue and net profit[7] - Net cash flow from operating activities improved by 256.05%, from -80,346,166.01 to 125,377,680.77, due to increased prepayments for fertilizer[13] - Operating cash inflow for Q1 2018 was CNY 959,199,206.99, compared to CNY 1,151,061,818.65 in the previous period, reflecting a decrease of approximately 16.7%[41] - Cash inflow from investment activities totaled CNY 370,399,907.15, up from CNY 199,330,980.96, indicating an increase of approximately 85.9%[42] - Net cash flow from investment activities was CNY 21,841,126.95, down from CNY 50,981,769.28, showing a decrease of about 57.1%[42] - Cash inflow from financing activities was CNY 69,092,520.41, compared to CNY 129,534,860.82 in the previous period, a decline of approximately 46.6%[42] - Net cash flow from financing activities was CNY -123,876,886.94, contrasting with a positive cash flow of CNY 30,549,404.77 in the previous period[42] - The ending cash and cash equivalents balance was CNY 296,814,482.77, down from CNY 782,330,284.53, reflecting a decrease of approximately 62.0%[42] - The net increase in cash and cash equivalents for the period was CNY 23,341,920.78, compared to CNY 1,218,911.15 in the previous period, showing a substantial increase[42] Assets and Liabilities - Total assets increased by 3.60% to CNY 3,670,561,281.40 compared to the end of the previous year[7] - The company's cash and cash equivalents increased to CNY 511,024,115.60 from CNY 457,219,900.66, representing an increase of about 11.8%[26] - Total current liabilities rose to CNY 1,407,396,681.19 from CNY 1,269,696,505.77, indicating an increase of approximately 10.9%[28] - The company's inventory increased to CNY 432,643,156.21 from CNY 372,132,842.13, marking a growth of around 16.3%[26] - The total equity attributable to the parent company decreased to CNY 1,379,497,532.68 from CNY 1,389,992,295.66, a decline of about 0.9%[28] - The company's short-term borrowings decreased to CNY 242,946,110.56 from CNY 299,000,000.00, a reduction of approximately 18.7%[27] - The company's total non-current liabilities increased to CNY 161,959,276.57 from CNY 151,157,817.09, indicating a rise of approximately 7.2%[28] - The company's total liabilities increased to CNY 1,569,355,957.76 from CNY 1,420,854,322.86, reflecting an increase of about 10.5%[28] - The company's retained earnings showed a negative balance of CNY -135,495,945.50, worsening from CNY -124,925,888.17 at the beginning of the year[28] Shareholder Information - The number of shareholders reached 65,782, with the top ten shareholders holding a combined 63.66% of shares[10] - The largest shareholder, China Agricultural Reclamation Group, holds 23.12% of shares, with 37.51% of its shares frozen[11] Equity Transfers and Commitments - The company signed a contract for the transfer of 51% equity in Guangxi Gelin, receiving a total transfer payment of 56,227,500.00 CNY[17] - The company is in the process of transferring 67% equity in Henan Agricultural Chemical, with the transfer not yet completed[14] - The company has outstanding performance commitments from previous acquisitions, including a cash compensation of 20,330,210.00 CNY due to unmet profit targets from Henan Agricultural Chemical[15] - The company plans to optimize its industrial structure and enhance core competitiveness through the transfer of equity stakes in underperforming subsidiaries[17] Other Income - The company reported non-operating income of CNY 4,343,668.73, including government subsidies and other income[9] - Investment income for Q1 2018 was CNY 3,168,032.81, an increase from CNY 2,715,425.06 in the same period last year[35]