SuKen Agriculture(SH:601952)2025-04-28 10:15Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,133,216,652.68, a decrease of 8.70% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 82,420,580.97, down 36.18% year-on-year, primarily due to declining agricultural product prices and reduced gross margins[4][7]. - The basic and diluted earnings per share decreased by 33.33% to CNY 0.06[4]. - Total operating revenue for Q1 2025 was ¥2,133,216,652.68, a decrease of 8.7% compared to ¥2,336,480,262.82 in Q1 2024[23]. - Net profit for Q1 2025 was ¥87,947,772.03, a decline of 32.1% from ¥130,031,530.78 in Q1 2024[24]. - Basic and diluted earnings per share for Q1 2025 were both ¥0.06, down from ¥0.09 in Q1 2024[24]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 686,725,328.65, a significant improvement from a negative cash flow of CNY 10,185,838.46 in the same period last year[4][7]. - Cash flow from operating activities for Q1 2025 was ¥686,725,328.65, a significant improvement from a negative cash flow of ¥10,185,838.46 in Q1 2024[28]. - Cash and cash equivalents increased significantly to CNY 1,115,614,250.58 from CNY 691,191,842.58, marking a growth of about 61.5%[17]. - Cash and cash equivalents at the end of Q1 2025 increased to ¥1,009,134,678.36, compared to ¥794,682,825.63 at the end of Q1 2024[29]. - Investment activities generated a net cash outflow of ¥260,146,658.92 in Q1 2025, contrasting with a net inflow of ¥248,921,855.65 in Q1 2024[29]. - Financing activities resulted in a net cash outflow of ¥33,281,892.20 in Q1 2025, compared to a net outflow of ¥58,672,516.46 in Q1 2024[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,440,021,019.28, reflecting a slight increase of 0.17% from the previous year[5]. - As of March 31, 2025, the company's total assets amounted to CNY 14,440,021,019.28, a slight increase from CNY 14,415,326,764.59 on December 31, 2024[20]. - The company's current assets totaled CNY 7,716,182,309.67, compared to CNY 7,667,577,645.89 at the end of 2024, reflecting a growth of approximately 0.63%[17]. - Total liabilities decreased slightly to CNY 7,069,163,825.55 from CNY 7,132,417,342.89, indicating a reduction of about 0.88%[19]. - The company's equity attributable to shareholders increased to CNY 6,946,910,327.73 from CNY 6,864,489,746.76, reflecting an increase of approximately 1.19%[19]. Operational Highlights - The company produced 0 tons of self-produced wheat, while sales volume reached 6.62 tons, an increase of 14.25% year-on-year[8]. - The sales volume of externally sourced wheat was 9.89 tons, up 71.28% compared to the previous year[8]. - The company reported a total of 47,032 common shareholders at the end of the reporting period[10]. - The largest shareholder, Jiangsu Agricultural Reclamation Group Co., Ltd., holds 67.84% of the shares[11]. - The company plans to focus on improving operational efficiency and exploring new market opportunities in response to the current challenges[7]. - The company is focusing on expanding its market presence and developing new products, although specific details were not provided in the conference call[21]. - There were no significant changes in the shareholder structure or any related party transactions reported during the period[13]. Cost Management - Total operating costs for Q1 2025 were ¥2,084,405,808.02, down 6.9% from ¥2,237,794,164.53 in Q1 2024[23]. - The company reported a decrease in research and development expenses to ¥14,196,899.90 in Q1 2025 from ¥16,731,229.89 in Q1 2024, reflecting a reduction of 15.2%[23]. - Other income increased to ¥31,052,438.08 in Q1 2025 from ¥24,075,041.87 in Q1 2024, marking a growth of 29.0%[23].