双汇发展(000895) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was CNY 11,994,431,962.78, a decrease of 1.78% compared to the same period last year[8] - Net profit attributable to shareholders was CNY 1,063,891,434.59, representing a growth of 21.09% year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 1,010,469,410.40, an increase of 23.42% compared to the previous year[8] - The basic earnings per share for the period was CNY 0.3224, up 21.07% from CNY 0.2663 in the same quarter last year[8] - Total revenue reached 12.06 billion yuan, a decrease of 1.38% year-on-year, while net profit attributable to shareholders increased by 21.09% to 1.064 billion yuan[16] Assets and Liabilities - Total assets at the end of the reporting period were CNY 23,488,935,007.21, reflecting a 1.73% increase from the end of the previous year[8] - Net assets attributable to shareholders reached CNY 15,691,300,430.26, marking a 7.35% increase year-on-year[8] - The company’s long-term liabilities decreased by 41.68% to 1.36 million yuan, mainly due to a reduction in land amortization payments[16] - The company reported a significant increase in other current assets, rising by 354.97% to 1.260 billion yuan, primarily due to increased financial investments[16] Cash Flow - The net cash flow from operating activities was CNY 1,260,796,863.35, down 18.17% compared to the same period last year[8] - The net cash flow from investing activities was -114.33 million yuan, a 46.91% improvement compared to the previous period, attributed to reduced purchases of financial products[18] Operational Metrics - The company slaughtered 3.92 million pigs during the reporting period, an increase of 35.13% compared to the same period in 2017[16] - The total operating costs for the company were CNY 1,071,080.52 million, leading to an operating profit margin of approximately 11.2%[31] - The operating profit for the company was CNY 134,653.48 million, with a total profit of CNY 140,592.58 million after accounting for non-operating income and expenses[31] Risk Management and Derivatives - The company aims to mitigate foreign exchange risks through its foreign exchange derivative trading, which is strictly regulated to avoid speculative activities[26] - The company has established a comprehensive risk management system for its foreign exchange derivative transactions to control potential risks effectively[26] - The company reported a total of 17 foreign exchange derivative transactions during the reporting period, all of which were forward foreign exchange contracts[26] Related Party Transactions - The company engaged in related party transactions, including purchasing PVDC resin for 52.07 million yuan and selling meat products for 11.86 million yuan[19][21] Other Financial Information - The financial expenses incurred by the company amounted to CNY 1,309.37 million, while investment income was reported at CNY 1,049.56 million[31] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[29] - The company did not engage in any external guarantees that would violate regulations during the reporting period[28] - There were no research, communication, or interview activities conducted during the reporting period[27] - The company expects significant fluctuations in net profit for the first half of 2018 compared to the same period last year[24]