丰乐种业(000713) - 2018 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2018 was ¥453,277,830.38, representing a 30.56% increase compared to ¥347,191,934.27 in the same period last year[8] - Net profit attributable to shareholders was ¥15,467,865.83, a significant turnaround from a loss of ¥5,849,433.99, marking a 364.43% increase[8] - The net profit after deducting non-recurring gains and losses was ¥14,507,152.89, up 408.46% from a loss of ¥4,703,150.24 in the previous year[8] - The basic earnings per share increased to ¥0.0518 from a loss of ¥0.0196, reflecting a 364.29% improvement[8] - The weighted average return on equity rose to 1.15%, compared to -0.42% in the same period last year, an increase of 1.57%[8] - Total profit increased by 464.97%, driven by revenue growth in seed, agrochemical, and spice industries[16] - Net profit rose by 392.67%, attributed to increased income from seed, agrochemical, and spice sectors[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,171,907,323.01, a slight decrease of 0.96% from ¥2,192,910,477.92 at the end of the previous year[8] - The net assets attributable to shareholders increased by 1.06% to ¥1,351,181,230.46 from ¥1,336,988,107.86[8] - Accounts receivable increased by 119.92%, reflecting higher sales in agrochemical and spice products[16] Cash Flow - The company reported a net cash flow from operating activities of -¥70,108,867.89, an improvement of 36.67% from -¥110,699,634.87 in the previous year[8] - Cash received from investment income increased by 221.79%, primarily due to higher financial management interest[16] - Cash received from other operating activities rose by 451.88%, mainly from repayments from joint venture Sanya Fengle[16] - The company’s cash flow from financing activities increased significantly, with cash received from borrowings rising by 439.54%[16] Revenue Drivers - Revenue growth was driven by the expansion of the agricultural chemical industry and increased sales in the fragrance sector, despite a delay in the market launch of key seed products[15] Expenses - Taxes and surcharges increased by 80.89%, primarily due to additional tax provisions related to the Fengle Grand Hotel and property taxes for the Anhui North branch[15] - Financial expenses increased by 356.71%, primarily due to increased bank loan interest and decreased interest income from time deposits[16] Investments - The company purchased a total of 10 bank financial products, with a total investment amount of CNY 166.25 million and total returns of CNY 242,623.04[18] Compliance - The company has no overdue commitments or violations regarding external guarantees during the reporting period[20]