Xinjiang Tianrun Dairy (SH:600419)2025-04-28 09:05Financial Performance - The company's revenue for Q1 2025 was CNY 624.52 million, a decrease of 2.50% compared to CNY 640.56 million in the same period last year[2]. - The net profit attributable to shareholders was a loss of CNY 73.30 million, a significant decline of 1,713.36% from a profit of CNY 4.54 million in the previous year[2]. - The basic earnings per share (EPS) was -CNY 0.2324, down 1,713.89% from CNY 0.0144 in the same period last year[2]. - The weighted average return on equity decreased by 3.27 percentage points to -3.08% from 0.19%[2]. - The net profit attributable to shareholders was RMB -7,330.36 million, a decline of RMB 1,713.36 million compared to the same period last year[10]. - The company's net profit for Q1 2025 was a loss of approximately ¥5.68 million, compared to a loss of ¥1.26 million in Q1 2024, indicating a significant decline in profitability[28]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5.79 billion, a decrease of 6.50% from CNY 6.19 billion at the end of the previous year[3]. - As of March 31, 2025, the total assets amounted to RMB 5,789,746,769.07, down from RMB 6,192,266,178.65 at the end of 2024[13]. - The company's total liabilities decreased to ¥3,232,282,670.40 from ¥3,546,112,489.57 year-over-year[16]. - The total equity attributable to shareholders decreased to ¥2,339,599,812.28 from ¥2,412,903,415.80 year-over-year[16]. - The total liabilities increased to CNY 1,989,411,288.45 from CNY 1,820,145,690.38, reflecting a rise in financial obligations[26]. Cash Flow - The net cash flow from operating activities was CNY 47.53 million, a significant improvement compared to a negative cash flow of CNY 6.26 million in the same period last year[2]. - The cash inflow from operating activities was CNY 761,247,123.78, an increase of 7.87% compared to CNY 705,585,277.79 in Q1 2024[21]. - The net cash flow from operating activities turned positive at CNY 47,534,028.91, recovering from a negative CNY 6,264,433.81 in the same period last year[21]. - The company's cash and cash equivalents decreased to RMB 647,460,477.43 from RMB 849,062,678.49 at the end of 2024[13]. - The total cash and cash equivalents at the end of Q1 2025 were approximately ¥262.17 million, down from ¥394.56 million at the end of Q1 2024, a decrease of about 33.5%[32]. Operational Highlights - The company sold 74,500 tons of dairy products in Q1 2025, representing a growth of 12.37% year-on-year[11]. - The company optimized its core breeding population, resulting in an average annual milk yield of 11.25 tons per cow, an increase of 0.94 tons year-on-year[11]. - The company launched 5 new products during the reporting period, including a passion fruit milk beer, enhancing its product matrix[11]. - The company conducted over 3,000 promotional activities to boost product sales during the reporting period[10]. - The company is focusing on health-oriented product development, collaborating with third-party institutions to enhance product functionality[11]. Market Conditions - The average price of fresh milk in major production provinces fell by 12.3% year-on-year in March 2025, indicating ongoing market challenges[9]. - Non-recurring losses amounted to CNY 72.27 million, primarily due to losses from the disposal of livestock and asset impairment provisions[4]. - The company increased its efforts to eliminate low-value livestock, which contributed to the decline in net profit[4]. Shareholder Information - The top shareholder, Xinjiang Production and Construction Corps, holds 31.10% of the shares, indicating strong state ownership[7].