顺鑫农业(000860) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥3,258,299,227.75, a decrease of 19.69% compared to ¥4,056,913,966.04 in the same period last year[4] - Net profit attributable to shareholders was ¥282,349,614.41, down 37.34% from ¥450,576,815.92 year-on-year[4] - Basic earnings per share decreased to ¥0.3806, a decline of 37.34% from ¥0.6074 in the previous year[4] - The net profit for the current period is CNY 285,117,559.32, a decrease of 37% compared to CNY 451,818,054.30 in the previous period[18] - The operating profit for the current period is CNY 401,363,760.63, down from CNY 627,253,247.19, reflecting a decline of approximately 36%[18] - The total revenue from operating activities is CNY 2,020,525,079.44, compared to CNY 2,811,518,816.31 in the previous period, indicating a decrease of about 28%[19] - The total comprehensive income for the current period is CNY 285,117,559.32, compared to CNY 451,818,054.30 in the previous period, reflecting a decrease of 37%[19] Cash Flow and Assets - The net cash flow from operating activities was -¥703,637,339.62, representing a decrease of 58.45% compared to -¥444,071,088.79 in the same period last year[4] - The company's cash and cash equivalents decreased to CNY 6,241,862,978.36 from CNY 6,948,788,481.84, reflecting a decline of 10.1%[13] - The cash and cash equivalents at the end of the period amount to CNY 6,237,448,625.76, down from CNY 6,728,791,164.97 in the previous period[20] - Total assets at the end of Q1 2025 were ¥13,464,106,665.19, down 10.21% from ¥14,994,542,079.57 at the end of the previous year[4] - Total assets decreased to CNY 13,464,106,665.19 from CNY 14,994,542,079.57, a decline of 10.2%[15] Liabilities and Equity - Current liabilities totaled CNY 4,933,398,580.79, down 23.3% from CNY 6,450,021,962.88 in the previous period[15] - The company's total liabilities decreased to CNY 6,124,659,375.90 from CNY 7,940,212,349.60, a reduction of 22.9%[15] - The equity attributable to the parent company increased to CNY 7,296,246,771.92 from CNY 7,013,897,157.51, reflecting a growth of 4.1%[15] Inventory and Receivables - The company's inventory decreased by 36.48% to ¥145,000,000, primarily due to increased sales of liquor[6] - Inventory decreased significantly to CNY 1,456,053,456.88 from CNY 2,292,364,257.53, a reduction of 36.5%[14] - Accounts receivable increased to CNY 31,904,864.39 from CNY 20,161,639.51, representing a growth of 58.5%[13] Expenses - Sales expenses increased by 34.10% to ¥29,000,000, attributed to heightened promotional activities during the Spring Festival[8] - The company incurred sales expenses of CNY 294,122,867.17, an increase of 34% compared to CNY 219,337,139.78 in the previous period[18] - Financial expenses decreased by 140.53% to ¥2,000,000, influenced by increased interest income from deposits[8] - The company reported a financial expense of -CNY 12,517,925.25, a significant improvement from CNY 30,885,771.70 in the previous period[18] - The company's tax expenses for the current period are CNY 116,379,840.65, down from CNY 175,438,977.02 in the previous period, indicating a decrease of approximately 34%[18] Contract Liabilities - Contract liabilities decreased by 78.31% to ¥38,000,000, mainly due to the recognition of revenue from previously received payments[7]