贝因美(002570) - 2016 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2016 was ¥906,814,763.34, representing a 1.24% increase compared to ¥895,742,125.91 in the same period last year[8]. - Net profit attributable to shareholders was ¥60,042,047.85, a 23.61% increase from ¥48,573,726.04 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥62,851,222.29, reflecting a 31.51% increase from ¥47,790,257.03 in the previous year[8]. - Operating profit increased by 32.58%, with an absolute increase of 15.22 million CNY, attributed to increased operating revenue and decreased operating costs[19]. - The company's net profit for the first half of 2016 is expected to turn from loss to profit, estimated between 70 million to 100 million CNY compared to the same period last year[25]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to -¥18,041,798.33, a 93.05% increase compared to -¥259,528,911.37 in the same period last year[8]. - Cash flow from operating activities increased by 93.05%, with an absolute increase of 241.49 million CNY, mainly due to reduced raw material procurement expenditures[19]. - The company reported a 40.89% decrease in cash received from operating activities, with an absolute decrease of 66.23 million CNY, mainly due to reduced customer deposits[19]. - Cash and cash equivalents increased by 115.2%, with an absolute increase of ¥451,112,700, primarily due to the maturity of financial products[16]. - Cash and cash equivalents increased by 150.23%, with an absolute increase of 340.81 million CNY, mainly due to reduced raw material procurement expenditures and new bank loans[20]. - Total assets at the end of the reporting period were ¥5,450,539,477.51, up 2.39% from ¥5,323,500,322.16 at the end of the previous year[8]. Shareholder Information - The total number of shareholders at the end of the reporting period was 92,529, with the largest shareholder holding 33.06% of the shares[12]. Liabilities and Financial Expenses - Short-term borrowings rose by 73.63%, with an absolute increase of ¥247,961,200, primarily due to increased bank loans[16]. - Financial expenses increased by 244.85%, with an absolute increase of 10.46 million CNY, primarily due to decreased interest income from bank deposits and increased loan interest expenses[19]. Investments and Acquisitions - The company acquired 65% of Dunhua Meilijian Dairy Co., Ltd. for 117 million CNY to optimize its industrial layout and enhance competitiveness[21]. - The company plans to invest 102 million AUD to acquire 51% of the Darnum factory from Fonterra Australia, with a total investment of 200 million AUD for the joint venture[22]. Impairment and Income - The company experienced a 72.48% decrease in investment income, with an absolute decrease of 2.10 million CNY, primarily due to reduced income from bank wealth management products[19]. - The company reported a significant increase in asset impairment losses by 1118.59%, with an absolute increase of 31.71 million CNY, mainly due to increased inventory write-down provisions[19]. - Prepayments increased by 35.5%, with an absolute increase of ¥26,106,100, mainly due to increased advance payments for goods[16].