Cofco Sugar(SH:600737)2025-04-24 12:30Financial Performance - The company's operating revenue for Q1 2025 was ¥5,037,194,102.53, a decrease of 35.52% compared to ¥7,811,511,659.43 in the same period last year[4] - Net profit attributable to shareholders was ¥176,966,730.52, down 59.81% from ¥440,367,212.69 year-on-year[4] - The basic earnings per share decreased by 59.83%, from ¥0.2059 to ¥0.0827[5] - Net profit for Q1 2025 was ¥181,790,615.35, a decline of 59.5% from ¥448,633,482.97 in Q1 2024[16] - Basic and diluted earnings per share for Q1 2025 were both ¥0.0827, compared to ¥0.2059 in Q1 2024[17] - The total comprehensive income for Q1 2025 was ¥156,712,124.50, compared to ¥62,658,638.62 in Q1 2024, indicating a significant improvement[17] Assets and Liabilities - The total assets at the end of the reporting period increased by 14.17% to ¥22,951,998,650.02 from ¥20,103,292,263.80 at the end of the previous year[5] - The total liabilities of the company rose to RMB 11.03 billion from RMB 8.34 billion, reflecting an increase of around 32.3%[14] - The company's total equity reached RMB 11.92 billion, up from RMB 11.76 billion, showing a growth of about 1.4%[14] - The total assets increased to 16,617,713,965.65 RMB from 13,648,422,659.44 RMB, representing a growth of approximately 21.5%[23] - The total liabilities rose to 6,852,109,488.72 RMB from 3,897,198,506.60 RMB, indicating an increase of around 75.1%[23] - The total equity increased slightly to 9,765,604,476.93 RMB from 9,751,224,152.84 RMB, reflecting a marginal growth of about 0.15%[24] Cash Flow - The cash flow from operating activities was negative at -¥1,031,654,998.45, compared to -¥1,008,616,578.09 in the previous year[4] - Cash inflow from operating activities in Q1 2025 was ¥8,606,177,445.96, a decrease of 21.0% from ¥11,042,697,748.54 in Q1 2024[19] - Cash outflow from operating activities in Q1 2025 totaled ¥9,637,832,444.41, down 19.0% from ¥12,051,314,326.63 in Q1 2024[19] - The net cash flow from operating activities was -1,031,654,998.45 RMB, compared to -1,008,616,578.09 RMB in the previous period, indicating a slight increase in cash outflow[20] - Cash inflow from financing activities amounted to 3,952,511,565.31 RMB, down from 5,385,378,491.52 RMB, reflecting a decrease of approximately 26.6%[20] - The net cash flow from financing activities was 2,314,887,495.01 RMB, compared to 2,783,021,320.65 RMB, showing a decline of about 16.8%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 106,843[9] - The largest shareholder, COFCO Group, held 50.73% of the shares, totaling 1,085,033,073 shares[9] Operational Metrics - The decline in revenue and profit was primarily due to the contraction of the sugar business and a decrease in tomato sauce prices[8] - Research and development expenses for Q1 2025 were ¥1,603,747.62, significantly reduced from ¥21,003,851.85 in Q1 2024[15] - Other income for Q1 2025 was ¥12,132,798.35, compared to ¥39,524,724.58 in Q1 2024, reflecting a decrease of 69.3%[15] - The company reported an investment income of ¥19,727,759.79 in Q1 2025, an increase from ¥10,241,623.82 in Q1 2024[15] - The company reported a financial expense of -RMB 20,248,413.58 in Q1 2025, an improvement from -RMB 22,924,554.96 in Q1 2024[26] Inventory and Receivables - The inventory level increased to RMB 10.31 billion from RMB 8.52 billion, representing a rise of approximately 20.9%[12] - The accounts receivable decreased to RMB 777.95 million from RMB 1.17 billion, indicating a decline of about 33.4%[12] - The company's other receivables increased to RMB 1.97 billion from RMB 1.83 billion, reflecting a growth of approximately 7.7%[12] - The company reported a decrease in inventory from 800,094,940.36 RMB to 455,165,132.40 RMB, a reduction of about 43.1%[22]