扬农化工(600486) - 2015 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders rose by 4.96% to CNY 120,793,714.61 year-on-year[6] - Operating revenue grew by 7.81% to CNY 920,012,237.40 compared to the same period last year[6] - The net profit for Q1 2015 reached CNY 124,795,039.73, representing a 5.4% increase from CNY 118,517,177.89 in Q1 2014[24] - The net profit attributable to shareholders of the parent company was CNY 120,793,714.61, up from CNY 115,082,229.15 in the previous year[24] - Earnings per share for Q1 2015 were CNY 0.468, compared to CNY 0.446 in Q1 2014[25] Assets and Liabilities - Total assets increased by 2.73% to CNY 4,425,238,430.77 compared to the end of the previous year[6] - Total assets increased to ¥4,425,238,430.77 from ¥4,307,765,411.23, representing a growth of approximately 2.7%[15] - Total liabilities decreased to ¥1,501,108,624.11 from ¥1,512,625,942.85, indicating a reduction of about 0.8%[16] - Total liabilities increased to CNY 786,490,999.57 from CNY 624,403,044.79 at the start of the year[20] - Current assets totaled CNY 1,909,408,565.30, up from CNY 1,699,601,756.81 at the beginning of the year[20] Cash Flow - The net cash flow from operating activities decreased by 8.92% to CNY 162,302,724.36 compared to the previous year[6] - The cash flow from operating activities generated a net amount of ¥162,302,724.36, down from ¥178,190,415.01 in the previous period[29] - The total cash and cash equivalents at the end of the period amounted to ¥1,700,836,802.19, compared to ¥1,654,542,144.80 at the end of the previous period[30] - The company maintained a stable cash position with cash and cash equivalents at CNY 503,252,569.30, down from CNY 616,784,164.83 at the beginning of the year[20] Shareholder Information - The number of shareholders reached 13,628 at the end of the reporting period[10] - The largest shareholder, Jiangsu Yangnong Chemical Group Co., Ltd., holds 36.17% of the shares[10] Accounts Receivable and Inventory - Accounts receivable increased by 52.64% to CNY 516,613,175.83 due to increased sales during the peak season[11] - Accounts receivable rose to ¥516,613,175.83 from ¥338,449,885.68, indicating a significant increase of approximately 52.7%[14] - Inventory decreased to ¥176,766,256.58 from ¥212,376,120.67, reflecting a decline of about 16.7%[14] Investment and Financing Activities - The company reported an investment cash outflow of ¥169,494,541.10 for the current period, significantly higher than ¥46,205,643.46 in the previous period[30] - The cash flow from investing activities resulted in a net outflow of ¥166,487,295.07, compared to a net outflow of ¥43,443,999.62 in the previous period[30] - The cash flow from financing activities showed a net outflow of ¥178,775.28, compared to a net outflow of ¥30,064,460.58 in the previous period[30] Strategic Focus and Compliance - The company committed to minimizing related party transactions post-acquisition, ensuring fair market practices[12] - The company will take measures to avoid competition with Yangnong Chemical after the acquisition, ensuring compliance with legal obligations[12] - The company reported no significant changes in net profit expectations compared to the previous year[12] - The company plans to continue its strategic focus on market opportunities while adhering to regulatory requirements[12] Other Financial Metrics - The weighted average return on equity decreased by 0.55 percentage points to 4.34%[6] - Total operating costs for Q1 2015 were CNY 773,931,963.82, up 7.9% from CNY 717,357,774.92 in Q1 2014[24] - The operating profit for the current period was ¥55,959,624.17, slightly down from ¥58,850,640.51 in the previous period[28] - The company received investment income of ¥3,007,246.03, an increase from ¥2,761,643.84 in the previous period[29] - The company experienced a foreign exchange impact on cash and cash equivalents of ¥6,417,706.87, compared to ¥665,209.58 in the previous period[30]