登海种业(002041) - 2016 Q1 - 季度财报(更新)

Financial Performance - Revenue for the first quarter reached ¥458,201,644.88, an increase of 64.22% compared to ¥279,015,435.27 in the same period last year[8] - Net profit attributable to shareholders was ¥120,246,352.92, up 37.91% from ¥87,191,125.13 year-on-year[8] - Basic earnings per share increased by 37.84% to ¥0.1366 from ¥0.0991 in the previous year[8] - Net profit increased by 43.38% year-on-year, with net profit attributable to shareholders of the parent company rising by 37.91%, driven by increased sales[16] - The total comprehensive income attributable to the parent company was CNY 120,246,352.92, compared to CNY 87,191,125.13 in the previous year, marking an increase of approximately 37.9%[41] Cash Flow - Cash flow from operating activities was ¥37,451,901.16, a significant recovery from a negative cash flow of ¥145,401,898.19 in the previous year[8] - Cash flow from operating activities saw a net inflow increase of ¥182,853,799.35 compared to the same period last year, attributed to higher cash receipts from sales[16] - The net cash flow from operating activities was CNY 37,451,901.16, a recovery from a negative cash flow of CNY -145,401,898.19 in the previous period[45] - The total cash inflow from operating activities was 160,019,362.76 CNY, significantly higher than 51,139,201.17 CNY in the previous period[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,260,550,156.59, a decrease of 0.86% from ¥4,297,577,393.59 at the end of the previous year[8] - The total liabilities decreased to CNY 981,385,349.07 from CNY 1,112,573,497.80, showing a reduction of about 8.5%[31] - Current assets totaled ¥3,504,093,290.63, down from ¥3,532,702,366.01 at the beginning of the period[28] - The equity attributable to shareholders of the parent company increased to CNY 2,365,984,576.22 from CNY 2,245,738,223.30, representing a growth of approximately 5.4%[31] Inventory and Receivables - Accounts receivable increased by 135.37% compared to the beginning of the period, reflecting increased credit support to reputable distributors[15] - Inventory decreased from ¥560,777,615.96 to ¥400,893,226.51, indicating a reduction in stock levels[28] - Accounts receivable rose significantly to CNY 36,443,080.90 from CNY 10,044,707.69, indicating improved sales performance[32] - Inventory levels decreased to CNY 129,832,293.97 from CNY 197,369,806.16, suggesting better inventory management[32] Expenses - Sales expenses decreased by 32.68% as the company increased distributor rebates while reducing promotional expenses[15] - Management expenses increased by 76.95% compared to the same period last year, primarily due to an increase in franchise fees[16] - Financial expenses decreased by 271.18% year-on-year, mainly due to a reduction in exchange losses[16] - Sales expenses decreased to CNY 3,888,603.99 from CNY 4,204,036.40, indicating a reduction in costs[41] Future Outlook - The estimated net profit attributable to shareholders for the first half of 2016 is expected to increase by 10.00% to 60.00%, ranging from ¥19,492.9 million to ¥28,353.31 million[19] - The significant increase in sales volume of key products such as Denghai 605, Denghai 618, and Xianyu 335 contributed to the expected profit growth[19] Company Information - The company did not conduct an audit for the first quarter report[51] - The company’s chairman is Mao Lihua, and the report was issued on July 22, 2016[52]