扬农化工(600486) - 2018 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 111.02% to CNY 274,134,390 compared to the same period last year[6]. - Operating revenue rose by 53.40% to CNY 1,610,399,463 compared to the previous year[6]. - Basic earnings per share increased by 111.02% to CNY 0.885 per share[6]. - Net profit attributable to shareholders was CNY 27,413.44 million, up 111.02% from CNY 12,991.15 million year-on-year, primarily due to increased sales volume and higher prices of agricultural pyrethroids[13]. - The company expects cumulative net profit for the first half of the year to grow by 80%-130% compared to the same period last year, attributed to increased production capacity and high market prices[13]. - Net profit for Q1 2018 was ¥287,759,019.31, representing a 111.2% increase compared to ¥136,010,916.72 in Q1 2017[25]. - Earnings per share (EPS) for Q1 2018 was ¥0.885, compared to ¥0.419 in the previous year, reflecting a 111.4% increase[26]. Revenue and Costs - Revenue for Q1 2018 reached CNY 161,039.95 million, a 53.40% increase compared to CNY 104,981.33 million in the same period last year, driven by increased production capacity and high prices of agricultural pyrethroids[13]. - Operating costs increased to CNY 108,772.91 million, a 37.83% rise from CNY 78,917.26 million, mainly due to higher sales volume[13]. - Total operating costs amounted to ¥1,291,010,942.10, up 42.3% from ¥907,110,588.36 year-on-year[25]. Cash Flow and Assets - Net cash flow from operating activities increased by 33.51% to CNY 418,079,290 compared to the same period last year[6]. - Cash flow from operating activities for Q1 2018 was CNY 418,079,290.25, up 33.5% from CNY 313,136,742.44 in Q1 2017[30]. - The company’s cash and cash equivalents increased to CNY 1,589,742,426.68 from CNY 1,193,636,791.16 at the beginning of the year[16]. - Cash and cash equivalents at the end of Q1 2018 totaled CNY 1,584,536,337.06, an increase from CNY 1,113,849,935.82 at the end of Q1 2017[31]. - The net increase in cash and cash equivalents for Q1 2018 was $172,747,212.18, compared to a decrease of $51,568,296.60 in the previous year[34]. Shareholder Information - The number of shareholders reached 11,726 at the end of the reporting period[10]. - Jiangsu Yangnong Chemical Group Co., Ltd. held 36.17% of the shares, making it the largest shareholder[10]. Financial Position - Total assets decreased by 3.10% to CNY 6,864,378,298 compared to the end of the previous year[6]. - Total liabilities decreased to CNY 2,516,360,666.27 from CNY 3,031,021,475.02 at the beginning of the year[18]. - Shareholders' equity increased to CNY 4,348,017,631.69 from CNY 4,052,676,889.41 at the beginning of the year[18]. - Current assets totaled CNY 3,947,720,878.14, a decrease from CNY 4,115,099,429.69 at the beginning of the year[16]. - Total assets decreased to ¥3,508,651,283.02 from ¥3,736,367,470.04, a reduction of 6.1%[21]. - Total liabilities decreased to ¥811,123,938.10 from ¥1,060,977,445.00, a decline of 23.5%[22]. - Shareholders' equity increased to ¥2,697,527,344.92 from ¥2,675,390,025.04, an increase of 0.8%[22]. Financial Expenses - Financial expenses surged to CNY 5,012.56 million, a 380.97% increase from CNY 1,042.17 million, primarily due to increased exchange losses[13]. - Sales expenses increased to CNY 14,025,146.60 in Q1 2018, up from CNY 6,600,314.36 in Q1 2017, reflecting a rise of 112.5%[28]. - Financial expenses surged to CNY 18,328,558.73 in Q1 2018, compared to CNY 4,399,283.37 in Q1 2017, marking an increase of 316.5%[28].