牧原股份(002714) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 reached ¥36,061,237,090.13, an increase of 37.26% compared to ¥26,272,049,758.43 in the same period last year[6] - Net profit attributable to shareholders was ¥4,491,095,122.49, representing a significant increase of 288.79% from a loss of ¥2,378,911,751.33 in the previous year[6] - Basic earnings per share rose to ¥0.83, compared to a loss of ¥0.44 per share in the same period last year, marking an increase of 288.64%[6] - Net profit for the period reached ¥4.62 billion, a significant recovery from a net loss of ¥2.46 billion in the previous period[20] - Operating profit improved to ¥4.66 billion compared to an operating loss of ¥2.44 billion in the prior period[20] - Total comprehensive income for the period was ¥4.62 billion, recovering from a loss of ¥2.49 billion in the previous period[21] Cash Flow and Liquidity - The net cash flow from operating activities was ¥7,506,015,637.01, up 48.14% from ¥5,066,779,306.59 in the same period last year[6] - Cash flow from operating activities generated a net inflow of ¥7.51 billion, compared to ¥5.07 billion in the prior period, reflecting a growth of approximately 48.3%[24] - The company's cash and cash equivalents at the end of the period amounted to RMB 23,566,229,386.70, up from RMB 16,951,642,855.00 at the beginning of the period, indicating a growth of about 38.5%[16] - Cash and cash equivalents at the end of the period totaled ¥19.45 billion, up from ¥15.40 billion, indicating a net increase of ¥6.61 billion[24] - Investment activities resulted in a net cash outflow of ¥7.45 billion, compared to a net outflow of ¥5.42 billion in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥198,170,939,146.50, a 5.61% increase from ¥187,648,723,830.92 at the end of the previous year[6] - The total liabilities rose to RMB 117,315,530,970.58, compared to RMB 110,112,494,714.77 in the previous period, marking an increase of around 6.5%[18] - The total equity attributable to the parent company reached RMB 76,346,263,068.95, up from RMB 72,031,777,857.01, indicating a growth of about 6.5%[18] - The company's short-term borrowings increased to RMB 52,350,736,364.54 from RMB 45,257,669,125.09, representing an increase of approximately 4.6%[18] - The inventory balance at the end of the period was RMB 42,809,476,063.01, an increase from RMB 41,969,838,456.65 at the beginning of the period, showing a growth of about 2%[17] Revenue Drivers - Revenue growth was primarily driven by an increase in pig prices and sales volume[11] - Revenue from sales of goods and services increased to ¥37.37 billion, up from ¥26.86 billion, marking a growth of approximately 39.3%[23] - Total operating revenue for the current period reached RMB 36,061,237,090.13, a significant increase from RMB 26,272,049,758.43 in the previous period, representing a growth of approximately 37.5%[19] Investment and Expenses - Investment income increased by 1487.89% year-on-year, mainly due to higher returns from investments in joint ventures[11] - Research and development expenses rose to ¥513.53 million, an increase of 7.9% from ¥475.75 million in the previous period[20] - Total operating costs increased to ¥32.1 billion from ¥29.5 billion, representing an increase of approximately 8.7% year-over-year[20] Other Financial Metrics - The weighted average return on equity improved to 6.06%, up 9.92 percentage points from -3.86% in the previous year[6] - The company reported a 368.20% increase in other current assets, primarily due to increased purchases of financial products[11] - Contract liabilities increased by 80.04%, mainly due to an increase in advance payments received[11] - The company reported a decrease in employee compensation payable from RMB 1,106,514,953.67 to RMB 846,793,631.52, a reduction of approximately 23.5%[18] - The company’s contract liabilities increased significantly from RMB 599,509,850.21 to RMB 1,079,359,660.83, reflecting a growth of about 80%[18]