登海种业(002041) - 2015 Q1 - 季度财报(更新)

Financial Performance - Revenue for the first quarter was CNY 279,015,435.27, a decrease of 29.46% compared to CNY 395,560,306.89 in the same period last year[8]. - Net profit attributable to shareholders was CNY 87,191,125.13, down 16.79% from CNY 104,790,503.12 year-on-year[8]. - Basic earnings per share decreased by 16.80% to CNY 0.2477 from CNY 0.2977 in the previous year[8]. - Operating profit decreased by 30.74% year-on-year, mainly due to a reduction in sales revenue[16]. - Net profit decreased by 32.01% compared to the same period last year, attributed to a decline in sales revenue[16]. - The total operating profit for Q1 2015 was CNY 122,520,936.23, a decrease from CNY 261,780,974.85 in the same period last year, representing a decline of approximately 53.3%[40]. - The net profit for Q1 2015 was CNY 123,773,397.02, down from CNY 263,371,338.67 in Q1 2014, indicating a decrease of about 53.0%[41]. - The total comprehensive income for Q1 2015 was CNY 123,773,397.02, which is a decrease from CNY 263,371,338.67 in Q1 2014, reflecting a decline of approximately 53.0%[41]. Cash Flow - Net cash flow from operating activities was negative CNY 145,401,898.19, a decline of 535.03% compared to CNY 33,423,403.73 in the same period last year[8]. - Cash flow from operating activities showed a net outflow increase of 178,825,301.92 CNY compared to the same period last year, mainly due to reduced cash received from sales[16]. - Cash flow from investing activities showed a net outflow increase of 156,495,637.33 CNY, primarily due to the purchase of wealth management products[16]. - Cash inflow from investment activities was CNY 1,052,862,253.46, while cash outflow was CNY 1,114,219,999.60, resulting in a net cash outflow of CNY -61,357,746.14 for the investment activities[44]. - The net cash flow from investment activities was 49,446,896.53 CNY, an increase from 14,829,354.51 CNY in the previous year, indicating a growth of approximately 233%[48]. - The net increase in cash and cash equivalents was -25,386,543.52 CNY, contrasting with a positive increase of 10,808,974.81 CNY in the previous year[48]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,734,542,434.76, down 5.44% from CNY 3,949,334,688.29 at the end of the previous year[8]. - Total assets as of March 31, 2015, amounted to 3,734,542,434.76 CNY, down from 3,949,334,688.29 CNY at the beginning of the period[28]. - Total liabilities decreased from 1,046,013,099.49 CNY to 780,938,378.97 CNY during the same period[29]. - Total equity increased from 2,903,321,588.80 CNY to 2,953,604,055.79 CNY[30]. - Current assets total CNY 1,040,145,082.74, a decrease from CNY 1,106,662,536.94 at the beginning of the period[32]. - The company’s cash and cash equivalents decreased to CNY 125,583,919.15 from CNY 150,970,462.67 at the beginning of the period[31]. - Total liabilities at the end of the period are CNY 263,793,324.12, down from CNY 446,201,208.30 at the beginning of the period[33]. - Total assets at the end of the period are CNY 1,592,725,965.67, a decrease from CNY 1,651,360,452.83 at the beginning of the period[33]. Expenses - Total operating costs for the current period amount to CNY 198,113,650.26, down from CNY 248,532,720.80 in the previous period[36]. - The company incurred total operating expenses of CNY 292,914,031.29 in Q1 2015, which is an increase from CNY 198,757,004.37 in the previous year, representing a rise of about 47.3%[44]. - Management expenses decreased by 39.20% year-on-year, primarily due to a reduction in franchise fees[15]. - Financial expenses increased by 102.88% year-on-year, mainly due to a decrease in interest income from reduced bank deposits[15]. Investments - Investment income increased by 439.54% compared to the same period last year, primarily due to an increase in bank wealth management products purchased[16]. - The company received investment cash inflows of CNY 1,043,100,000.00, which is significantly higher than CNY 493,600,000.00 in the previous year, showing an increase of approximately 111.2%[44]. - The company reported an increase in long-term equity investments to CNY 253,004,392.14 from CNY 245,354,392.14[31]. Dividends - The company paid CNY 51,370,848.14 in dividends and interest during the quarter, a decrease from CNY 194,823,608.52 in the same period last year, indicating a reduction of about 73.7%[45]. Management Insights - The company did not undergo an audit for the first quarter report[50]. - The cash flow from financing activities was not detailed in the report, indicating a potential area for further analysis[48]. - The company’s chairman is Mao Lihua, who provided insights during the report presentation[51].