扬农化工(600486) - 2014 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 16.76% to CNY 115,082,229.15 compared to the same period last year[6] - Basic earnings per share increased by 16.76% to CNY 0.668 compared to the same period last year[6] - Net profit for the period increased to RMB 118,517,177.89, representing a growth of 17.0% compared to RMB 101,301,437.86 in the previous period[25] - Basic and diluted earnings per share rose to RMB 0.668, up from RMB 0.572, reflecting a 16.8% increase[25] Revenue and Income - Operating income decreased by 3.19% to CNY 853,385,191.63 compared to the same period last year[6] - Total operating revenue for the period was RMB 853,385,191.63, a decrease of 3.3% from RMB 881,479,850.39 in the previous period[25] - Total operating costs decreased to RMB 717,357,774.92, down 5.8% from RMB 761,178,705.04 in the previous period[25] - The company achieved an investment income of RMB 2,761,643.84 during the period, with no previous period data available for comparison[25] Assets and Liabilities - Total assets increased by 5.30% to CNY 3,834,284,684.94 compared to the end of the previous year[6] - Current assets totaled RMB 3,090,121,095.04, up from RMB 2,878,767,469.59, indicating an increase of about 7.3%[15] - Total liabilities reached RMB 1,354,663,658.17, compared to RMB 1,284,027,457.26 at the start of the year, marking an increase of about 5.5%[17] - Shareholders' equity rose to RMB 2,479,621,026.77 from RMB 2,357,114,531.40, reflecting an increase of approximately 5.2%[17] Cash Flow - Net cash flow from operating activities decreased by 32.58% to CNY 178,190,415.01 compared to the same period last year[6] - Cash flow from operating activities generated RMB 178,190,415.01, a decrease of 32.6% from RMB 264,311,349.65 in the previous period[32] - Net cash flow from operating activities decreased to RMB 57,962,281.12 from RMB 146,004,596.92, a decline of about 60.3%[37] - Cash and cash equivalents at the end of the period totaled RMB 1,654,542,144.80, an increase from RMB 1,619,729,591.49 in the previous period[33] Accounts and Receivables - Accounts receivable increased by 42.04% compared to the beginning of the period, attributed to seasonal sales increases[12] - Accounts receivable increased to RMB 451,220,281.06 from RMB 317,662,634.73, representing a significant rise of approximately 42%[15] - The company’s accounts payable increased to RMB 784,991,614.08 from RMB 609,276,989.15, representing a growth of about 28.8%[17] Expenses - Financial expenses decreased by CNY 12,897,600 compared to the same period last year, due to reduced exchange losses[12] - The company reported an increase in management expenses to RMB 53,409,586.10, up from RMB 44,076,233.40, indicating a rise of 21.5%[25] Inventory and Prepayments - The company reported a total of RMB 107,812,230.19 in inventory, down from RMB 150,093,655.62, indicating a decrease of about 28%[15] - Prepayments increased by 57.67% compared to the beginning of the period, mainly due to advance payments for engineering equipment by a subsidiary[12] Cash Flow from Investment and Financing - Investment activities resulted in a net cash outflow of RMB 43,443,999.62, compared to a net outflow of RMB 55,154,738.66 in the previous period[33] - Financing activities led to a net cash outflow of RMB 30,064,460.58, contrasting with a net inflow of RMB 11,357,796.16 in the previous period[33] - Total cash outflow for financing activities was RMB 1,246,875.00, with no cash inflow recorded during the period[37] Other Financial Metrics - The weighted average return on net assets remained stable at 4.90%[6] - The impact of exchange rate changes on cash and cash equivalents was a negative RMB 627,568.52, an improvement from a negative RMB 1,482,149.89 in the previous period[37] - The net increase in cash and cash equivalents for the period was RMB 58,817,263.89, compared to RMB 91,133,005.26 in the previous period, a decline of approximately 35.4%[37]