扬农化工(600486) - 2016 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 21.27% to CNY 95,101,783.24 year-on-year[7] - Operating revenue declined by 11.13% to CNY 817,623,597.33 compared to the same period last year[7] - Cash flow from operating activities decreased by 30.24% to CNY 113,223,181.31 year-to-date[7] - The weighted average return on equity decreased by 1.36 percentage points to 2.98%[7] - Total revenue for Q1 2016 was CNY 817,623,597.33, a decrease of 11.1% from CNY 920,012,237.40 in the same period last year[29] - Net profit for Q1 2016 was CNY 97,229,377.20, a decline of 22.2% compared to CNY 124,795,039.73 in Q1 2015[29] - The net profit attributable to shareholders of the parent company was CNY 95,101,783.24, down from CNY 120,793,714.61 in the previous year[29] - Earnings per share for Q1 2016 were CNY 0.307, compared to CNY 0.390 in Q1 2015[30] - The net profit for the current period was ¥54,174,401.62, representing a growth of 12.5% from ¥48,249,762.92 in the same period last year[35] Assets and Liabilities - Total assets increased by 4.20% to CNY 4,853,023,984.17 compared to the end of the previous year[7] - The company's current assets reached CNY 3,690,617,021.61, up from CNY 2,479,690,780.20 at the start of the year, indicating a significant increase of about 48.8%[18] - The total liabilities of the company were CNY 1,517,039,042.31, compared to CNY 1,422,661,523.53 at the beginning of the year, representing an increase of approximately 6.6%[20] - Total current assets increased to CNY 1,908,492,573.80 from CNY 1,306,579,179.97 at the beginning of the year, reflecting a growth of 46%[23] - Total liabilities increased to CNY 725,685,173.70 from CNY 682,598,223.13, representing a rise of 6.3%[24] - Total equity increased to CNY 2,702,614,504.88 from CNY 2,646,728,131.69, showing a growth of 2.1%[26] Shareholder Information - The number of shareholders reached 18,896 at the end of the reporting period[11] - The largest shareholder, Jiangsu Yangnong Chemical Group Co., Ltd., holds 36.17% of the shares[11] - The total equity attributable to the parent company was CNY 3,235,636,596.07, an increase from CNY 3,136,591,329.99 at the beginning of the year, indicating a growth of approximately 3.2%[20] Inventory and Receivables - Accounts receivable increased by 39.75% to CNY 76,355.76 million due to increased sales during the peak season[13] - Accounts receivable rose to CNY 763,557,598.66 from CNY 546,376,979.06, marking an increase of approximately 39.7%[18] - Inventory levels increased to CNY 350,816,184.03 from CNY 321,399,804.23, reflecting a growth of about 9.1%[18] - The company reported a decrease in accounts receivable to CNY 358,691,668.02 from CNY 304,886,781.53, an increase of 17.6%[23] - Inventory decreased to CNY 195,271,175.86 from CNY 220,360,230.17, a decline of 11.4%[23] Cash Flow and Financial Expenses - Cash and cash equivalents increased to CNY 1,178,491,025.15 from CNY 1,122,820,805.06, showing a growth of about 5%[18] - The net cash flow from operating activities was ¥113,223,181.31, a decrease of 30.2% compared to ¥162,302,724.36 in the previous period[37] - The company incurred sales expenses of ¥6,029,459.83, which is a marginal decrease from ¥6,208,628.76 in the previous period[33] - The financial expenses showed a significant improvement, with a gain of ¥140,383.52 compared to a loss of ¥3,950,591.10 in the previous period[33] Business Operations and Commitments - The company committed to avoiding competition with its parent company, China National Chemical Corporation, ensuring no conflicts in business operations post-acquisition[15] - The company has pledged to reduce related party transactions and ensure fair pricing in necessary transactions to protect shareholder interests[15]