广农糖业(000911) - 2016 Q1 - 季度财报(更新)

Financial Performance - The company's operating revenue for the first quarter was ¥515,593,685.36, a decrease of 41.45% compared to the same period last year[8] - The net profit attributable to shareholders was a loss of ¥114,292,185.26, representing a decline of 643.19% year-on-year[8] - Basic and diluted earnings per share were both ¥-0.36, a decrease of 614.29% from the previous year[8] - Operating revenue decreased by 41.50% as a result of a year-on-year decline in white sugar sales[15] - Net profit attributable to the parent company decreased by 643.2% due to lower sales volume and significant decline in product gross margin[15] - The total comprehensive income for the first quarter was -90,303,402.06 CNY, compared to 26,465,850.92 CNY in the previous period[41] Cash Flow - The net cash flow from operating activities was negative at ¥1,021,483,924.88, an increase in loss of 59.13% compared to the previous year[8] - Cash inflow from operating activities totaled 761,798,018.18 CNY, down from 916,641,372.37 CNY year-over-year, representing a decrease of approximately 17%[44] - Cash outflow from operating activities was 1,783,281,943.06 CNY, compared to 1,558,554,899.19 CNY in the previous period, indicating an increase of about 14.4%[44] - The net cash flow from operating activities was -1,021,483,924.88 CNY, worsening from -641,913,526.82 CNY in the prior year[44] - Cash inflow from financing activities was 1,736,000,000.00 CNY, an increase from 1,102,000,000.00 CNY, reflecting a growth of approximately 57.5%[45] - The company reported a significant increase in cash outflow for purchasing goods and services, totaling 1,600,410,896.64 CNY, compared to 1,400,095,748.26 CNY in the previous period, marking a rise of approximately 14.3%[44] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,565,341,686.92, an increase of 15.80% from the end of the previous year[8] - The total liabilities of the company reached CNY 4,762,465,822.50, up from CNY 3,642,008,410.88 in the same period last year[33] - The company's total liabilities rose to CNY 5,035,288,427.75 from CNY 4,023,778,433.87, marking an increase of approximately 25.14%[29] - The total equity attributable to shareholders decreased to CNY 1,478,433,776.95 from CNY 1,592,725,962.21, a decline of about 7.15%[30] - Current assets rose to CNY 3,868,227,380.42, up from CNY 3,032,404,554.91, indicating an increase of about 27.54%[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,202[10] - The largest shareholder, Nanning Zhenning Asset Management Co., Ltd., holds 42.20% of the shares, totaling 136,768,800 shares[10] Operational Changes - The company is progressing with the upgrade of the boiler at the Mingyang Sugar Factory and the construction of an intelligent distribution center in Nanning[16] - The company approved a loan guarantee of 200 million yuan for its wholly-owned subsidiary, Nanning Sugar Industry Binyang Bridge Sugar Co., Ltd.[16] - The company successfully acquired 95 acres of land for the intelligent distribution center project in Nanning[16] Inventory and Receivables - Accounts receivable increased by 41.30% due to an increase in commercial settlement bill amounts[15] - Inventory increased by 335.98% mainly due to an increase in white sugar stock[15] - The company reported a significant increase in accounts receivable, which rose to CNY 302,172,874.36 from CNY 597,524,992.88, a decrease of approximately 49.51%[27] Government Subsidies - The company received government subsidies amounting to ¥5,472,092.73 during the reporting period[9] - Other income decreased by 78.70% primarily due to a reduction in government subsidies received[15] Borrowings - Short-term borrowings increased to CNY 2,779,000,000.00 from CNY 2,199,000,000.00, which is an increase of about 26.36%[28] - The company reported a significant increase in short-term borrowings, which rose to CNY 2,620,000,000.00 from CNY 1,930,000,000.00 year-over-year[33]