丰乐种业(000713) - 2017 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2017 reached ¥347,191,934.27, an increase of 50.21% compared to ¥231,140,227.66 in the same period last year[8] - Net profit attributable to shareholders was -¥5,849,433.99, a decrease of 141.22% from ¥14,190,882.97 year-on-year[8] - Operating profit decreased by 129.30%, primarily due to adjustments in product structure and increased raw material costs in the agricultural chemical sector[16] - Operating profit decreased by 136.94%, primarily due to a decline in gross profit from seed and agrochemical segments and a decrease in net non-operating income[19] - Net profit decreased by 136.94%, reflecting the same factors affecting operating profit[19] - Estimated cumulative net profit for the first half of 2017 is projected to be a loss of between -27 million to -13 million RMB, a decline of 425.41% compared to the same period last year[22] - Basic earnings per share are expected to decrease to -0.0903 RMB, down from -0.0435 RMB in the previous year[22] Cash Flow and Financial Position - Operating cash flow was -¥110,699,634.87, a decline of 21.89% compared to -¥90,822,438.24 in the previous year[8] - Cash flow from investing activities decreased by 83.07%, primarily due to a reduction in the redemption of matured financial products[19] - Cash flow from financing activities increased by 3067.36%, mainly due to a decrease in loan repayments compared to the previous year[19] - Cash and cash equivalents decreased by 35.29%, primarily due to significant capital expenditures for expanding agrochemical production[19] - Accounts receivable increased by 46.85%, mainly due to the expansion of the agrochemical business[19] - Short-term borrowings increased by 40%, driven by increased funding needs in the agrochemical sector[19] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥2,050,796,270.63, a decrease of 1.06% from ¥2,072,865,589.53 at the end of the previous year[8] - The weighted average return on net assets was -0.42%, down from 1.04% in the same period last year[8] - The number of ordinary shareholders at the end of the reporting period was 32,179[12] - The largest shareholder, Hefei Construction Investment Holding Group Co., Ltd., holds 34.11% of the shares[12] Government Support and Non-Operating Income - The company received government subsidies amounting to ¥979,166.46, contributing to a 206.63% increase in non-operating income[16] - Financial expenses increased by 223.18%, mainly due to higher bank loan interest and reduced interest income from time deposits[19] Investments - The company purchased 5 bank financial products in Q1, with a total yield of ¥75,400 as of March 31, 2017[17]