智慧农业(000816) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥391,562,524.86, a decrease of 24.36% compared to ¥517,693,607.60 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥56,058,008.86, compared to a profit of ¥5,339,980.75 in the previous year[8] - The net cash flow from operating activities was negative at ¥33,078,803.37, down from a positive cash flow of ¥1,410,719.18 in the same period last year[8] - The company's operating revenue decreased by 24.36% compared to the previous period, primarily due to a decline in sales volume during the reporting period[17] - The net cash flow from operating activities decreased by ¥34,489,522.55 compared to the previous period, attributed to the decline in sales revenue[17] - The total profit decreased significantly, primarily due to a decline in product sales volume, gross margin, and increased exchange losses[19] Assets and Equity - The total assets at the end of the reporting period were ¥5,905,181,845.76, a decrease of 4.23% from ¥6,166,101,905.33 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 1.79% to ¥3,032,930,082.23 from ¥3,088,291,347.98 at the end of the previous year[8] - The basic earnings per share were -¥0.0395, compared to ¥0.0038 in the same period last year[8] - The weighted average return on equity was -1.83%, a decrease of 1.99 percentage points from 0.16% in the previous year[8] Cash Flow - The net cash flow from investing activities decreased by ¥37,294,992.91, mainly due to increased cash payments for the acquisition of fixed assets, intangible assets, and other long-term assets[17] - The net cash flow from financing activities decreased by ¥184,718,252.09, primarily due to a reduction in cash received from borrowings during the reporting period[17] Financial Challenges - Financial expenses increased by 82.72% compared to the previous period, mainly due to increased exchange losses[19] - The income tax expense increased by 230.56% compared to the previous period, mainly due to the recognition of deferred tax assets from losses[19] - The company’s indirect controlling shareholder has signed a restructuring advisory agreement to address debt issues, indicating ongoing financial challenges[18] Other Financial Information - The company reported a decrease of 72.56% in notes receivable compared to the beginning of the period, primarily due to the redemption of notes during the reporting period[16] - The company’s undistributed profits decreased by 36.05% compared to the beginning of the period, mainly due to the net loss incurred during the reporting period[16] - The company did not report any non-recurring gains or losses that were classified as recurring during the reporting period[10] - There were no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[19] - The company does not have any derivative investments during the reporting period[21]