冠农股份(600251) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥736,565,523.45, a decrease of 30.49% compared to ¥1,059,634,429.90 in the same period last year[4] - Net profit attributable to shareholders was ¥185,215,434.59, down 23.87% from ¥243,303,635.70 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥179,436,365.36, reflecting a decrease of 20.18% compared to ¥224,809,081.66 in the previous year[4] - Basic and diluted earnings per share were both ¥0.24, down 22.58% from ¥0.31 in the same period last year[4] - The total comprehensive income for Q1 2025 was ¥191,985,295.17, down from ¥284,217,068.21 in Q1 2024, indicating a decline of 32.4%[20] - Net profit for Q1 2025 was ¥192,639,856.69, a decline of 32.4% from ¥284,861,464.44 in Q1 2024[20] Cash Flow - The net cash flow from operating activities decreased by 23.85% to ¥271,719,690.73, primarily due to a decline in sales volume of tomato products[4][9] - In Q1 2025, the cash inflow from operating activities was CNY 878,993,776.89, slightly down from CNY 883,009,366.99 in Q1 2024[23] - The net cash flow from operating activities decreased to CNY 271,719,690.73 in Q1 2025 from CNY 356,843,072.84 in Q1 2024, representing a decline of approximately 24%[23] - Cash inflow from investment activities increased to CNY 310,036,613.77 in Q1 2025 compared to CNY 265,837,701.20 in Q1 2024, marking an increase of about 16.6%[24] - The net cash flow from investment activities was CNY 111,442,830.31 in Q1 2025, down from CNY 158,372,459.58 in Q1 2024, indicating a decrease of approximately 29.6%[24] - The net cash flow from financing activities was negative at CNY -569,836,519.57 in Q1 2025, slightly worse than CNY -565,204,673.28 in Q1 2024[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,743,563,279.03, a decrease of 5.80% from the previous year-end[4] - The company's total liabilities decreased to ¥2,709,844,436.86 as of March 31, 2025, from ¥3,316,974,960.93 at the end of 2024, representing a reduction of 18.3%[17] - Total current assets decreased from 3,916,288,287.36 RMB to 3,352,455,589.09 RMB, a decline of approximately 14.4%[15] - Cash and cash equivalents decreased from 1,692,360,679.85 RMB to 1,354,870,318.63 RMB, a decrease of about 20%[14] - Total assets decreased from 7,158,708,507.93 RMB to 6,743,563,279.03 RMB, a decline of approximately 5.8%[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 38,154[11] - Xinjiang Guannong Group Co., Ltd. holds 320,932,708 shares, accounting for 41.30% of total shares, with 30,000,000 shares pledged[11] - Shareholders' equity attributable to the parent company increased by 5.10% to ¥3,775,001,223.91, mainly due to the profit generated during the reporting period[4][9] - The total equity attributable to shareholders increased to ¥3,775,001,223.91 as of March 31, 2025, up 5.1% from ¥3,591,908,163.87 at the end of 2024[17] Operational Insights - The decline in revenue and profit was attributed to geopolitical risks and changes in market demand, particularly affecting the tomato industry[9] - The company completed the acquisition of Xinjiang New Tomato Products Co., which was included in the consolidated financial statements, leading to retrospective adjustments in previous financial data[5] - Research and development expenses for Q1 2025 were ¥5,851,098.47, an increase of 81.5% compared to ¥3,232,535.23 in Q1 2024[19] - No significant new products or technologies were mentioned in the conference call[13] Cost Management - Total operating costs for Q1 2025 were ¥723,164,639.83, down 26.0% from ¥976,909,097.28 in Q1 2024[19] - The cash outflow for purchasing goods and services increased significantly to CNY 502,722,538.70 in Q1 2025 from CNY 287,780,776.67 in Q1 2024, representing an increase of approximately 74.5%[23] - The cash outflow for other operating activities decreased to CNY 47,807,143.16 in Q1 2025 from CNY 163,439,190.96 in Q1 2024, a reduction of about 70.8%[23]