Sanquan Food (002216)2025-04-21 10:35Financial Performance - The company's revenue for Q1 2025 was CNY 2,218,133,561.43, a decrease of 1.58% compared to CNY 2,253,743,794.58 in the same period last year[5] - Net profit attributable to shareholders was CNY 208,508,839.24, down 9.22% from CNY 229,695,068.18 year-on-year[5] - Basic and diluted earnings per share were both CNY 0.24, representing a decrease of 7.69% from CNY 0.26 in the same period last year[5] - Total operating revenue for the current period is ¥2,218,133,561.43, a decrease of 1.5% from ¥2,253,743,794.58 in the previous period[17] - Net profit for the current period is ¥208,508,783.00, down 9.2% from ¥229,694,980.35 in the previous period[18] - Operating profit decreased to ¥269,029,070.84, a decline of 8.5% compared to ¥293,812,046.25[18] Cash Flow - The net cash flow from operating activities was negative at CNY -249,350,651.32, a decline of 249.00% compared to CNY 167,352,520.73 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥249,350,651.32, contrasting with a net inflow of ¥167,352,520.73 in the previous period[20] - The net cash flow from investing activities was CNY 2,597,680.62, a turnaround of 100.48% from a negative CNY -541,096,011.57 in the same period last year[9] - Cash inflow from investment activities was ¥1,500,591,721.66, compared to ¥1,000,000,000.00 in the previous period[20] - The net cash flow from investment activities was 541,096,011.57 in the previous period[21] - The net cash flow from financing activities was -5,080,248.13 in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,437,202,732.80, down 8.66% from CNY 8,142,081,414.21 at the end of the previous year[5] - Total current assets decreased from CNY 3,200,326,569.44 to CNY 2,335,789,719.23, a reduction of approximately 27%[14] - Total liabilities decreased to ¥2,815,429,662.85 from ¥3,728,817,127.26, a reduction of approximately 24.5%[15] - Total non-current assets increased from CNY 4,941,754,844.77 to CNY 5,101,413,013.57, an increase of approximately 3.2%[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 46,280[11] - The top 10 shareholders hold significant stakes, with Chen Nan at 9.97% and Chen Xi at 9.90%[11] - Shareholders' equity attributable to the parent company increased by 4.73% to CNY 4,620,437,643.16 from CNY 4,411,928,803.92 at the end of the previous year[5] Expenses and Financial Changes - The company reported a significant increase in financial expenses, which rose by 166.10% to CNY 1,725,565.02 due to increased short-term working capital borrowings[9] - Total operating costs increased to ¥2,000,569,128.10, up 0.2% from ¥1,998,206,810.74[17] - The company reported a decrease in research and development expenses to ¥6,590,298.30 from ¥7,593,665.27, a reduction of 13.2%[18] Cash and Equivalents - Cash and cash equivalents decreased from CNY 572,532,020.07 to CNY 318,807,379.25, a decline of about 44%[13] - Cash and cash equivalents at the end of the period totaled 412,445,506.63[21] Other Information - The company did not undergo an audit for the first quarter report[22] - The new accounting standards will be first implemented starting in 2025[23]