金新农(002548) - 2017 Q1 - 季度财报(更新)

Financial Performance - The company's revenue for Q1 2017 was ¥848,223,121.43, representing a 43.90% increase compared to ¥589,456,101.58 in the same period last year[8] - Net profit attributable to shareholders was ¥34,525,387.73, up 7.81% from ¥32,025,571.63 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥33,476,949.74, reflecting an 11.41% increase from ¥30,047,229.85 in the previous year[8] - Basic earnings per share increased by 12.50% to ¥0.09 from ¥0.08 year-on-year[8] - The company expects net profit attributable to shareholders for the first half of 2017 to be between 74.52 million yuan and 107.64 million yuan, representing a year-on-year increase of 30% to 10%[18] - Net profit for Q1 2017 reached 53,306,206.67 CNY, compared to 35,069,649.94 CNY in Q1 2016, marking an increase of about 52.2%[36] - The net profit attributable to shareholders of the parent company was 34,525,387.73 CNY, up from 32,025,571.63 CNY, reflecting a growth of approximately 7.8%[37] - The company reported a comprehensive income total of 53,306,206.67 CNY for Q1 2017, compared to 35,069,649.94 CNY in the previous year, reflecting a growth of about 52.2%[37] Cash Flow and Operating Activities - The net cash flow from operating activities improved to -¥75,720,659.13, a 42.10% reduction in losses compared to -¥130,828,091.34 in the same period last year[8] - Net cash flow from operating activities increased by 55.11 million yuan year-on-year, mainly due to the expanded consolidation scope[16] - The company's cash and cash equivalents decreased by 34.34% compared to the beginning of the period, primarily due to repayments of long-term bank loans and equity transfer payments[16] - Cash inflow from operating activities totaled 640,684,020.26 CNY, compared to 587,618,141.52 CNY in the previous year, indicating an increase of about 9%[44] - The total cash outflow from operating activities was 716,404,679.39 CNY, slightly down from 718,446,232.86 CNY year-over-year[44] - Operating cash inflow totaled CNY 665,278,823.46, an increase of 23.3% compared to CNY 539,754,534.06 in the previous period[48] - Net cash flow from operating activities was CNY -158,961,507.18, improving from CNY -255,006,427.93 year-over-year[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,287,382,254.89, a decrease of 3.54% from ¥3,408,016,015.01 at the end of the previous year[8] - Current liabilities decreased to CNY 1,032,035,388.46 from CNY 1,142,136,115.42[29] - Long-term borrowings decreased to CNY 80,715,000.00 from CNY 138,715,000.00[29] - The company's total equity increased to CNY 2,009,486,040.09 from CNY 1,955,899,192.64[30] - The company reported a net profit increase in retained earnings to CNY 356,432,799.63 from CNY 321,907,411.91[30] - The company has ongoing investments in long-term equity, which increased to CNY 2,115,441,366.83 from CNY 2,066,157,862.21[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 37,472[12] - The largest shareholder, Xinjiang Chengnong Yuanda Equity Investment Partnership, held 40.95% of the shares, amounting to 155,966,967 shares[12] Costs and Expenses - Operating costs rose by 42.36% year-on-year, also attributed to the consolidation of Wuhan Tianzhong and Fujian Yichun[16] - Financial expenses increased by 401.30% year-on-year, mainly due to increased interest expenses from additional bank loans[16] - The total operating costs for Q1 2017 were 699,656,515.43 CNY, up from 491,480,195.89 CNY, representing an increase of approximately 42.4%[36] - The company incurred financial expenses of 9,792,915.84 CNY, significantly higher than 1,953,491.03 CNY in the previous year, indicating an increase of about 400%[36] Government Support - The company received government subsidies amounting to ¥3,597,949.67, primarily from Shenzhen Jin Xin Nong and Wuhan Tianzhong[9] Market Outlook - The company noted that the increase in pig prices is expected to decline, but it continues to expand its feed business steadily, contributing to profit growth[18] Prepayments and Receivables - Accounts receivable increased by 65.86% compared to the beginning of the period, reflecting a significant increase in customer credit sales[16] - Prepayments increased by 107.08% compared to the beginning of the period, driven by seasonal increases in prepayments from its subsidiary Huayang Pharmaceutical[16] Audit Information - The company did not conduct an audit for the first quarter report[50]