Shennong Group(SH:605296)2025-04-28 10:30Financial Performance - The company's operating revenue for Q1 2025 reached ¥1,471,688,273.42, representing a year-on-year increase of 35.97% compared to ¥1,082,373,038.18 in the same period last year[4] - Net profit attributable to shareholders was ¥228,601,867.50, a significant turnaround from a loss of ¥3,565,859.52 in the previous year, marking an increase of 6,510.85%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥228,747,398.97, up 3,895.05% from ¥5,725,776.63 in the same period last year[4] - The net cash flow from operating activities was ¥321,193,824.07, a substantial increase of 803.57% compared to a negative cash flow of ¥45,651,837.13 in the previous year[4] - Basic earnings per share (EPS) improved to ¥0.44, compared to a loss of ¥0.01 per share in the same period last year, reflecting a 4,500.00% increase[4] - The diluted EPS also stood at ¥0.44, showing the same significant improvement as the basic EPS[6] - Operating profit for Q1 2025 was ¥234,921,928.56, a substantial increase from ¥2,506,125.42 in the same period last year[21] - The gross profit margin for Q1 2025 was approximately 17.0%, compared to 22.7% in Q1 2024[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,874,847,203.96, a 3.30% increase from ¥6,655,097,461.07 at the end of the previous year[6] - Total liabilities amounted to ¥1,911,966,946.06, up from ¥1,822,550,089.30, reflecting a 4.8% increase[18] - The company's total assets as of the reporting date were ¥6,874,847,203.96, an increase from ¥6,655,097,461.07[19] - The company's total assets as of March 31, 2025, were CNY 3,724,264,645.26, a decrease from CNY 3,774,321,193.74 at the end of 2024[29] - The total liabilities increased to CNY 329,187,374.03 as of March 31, 2025, compared to CNY 275,475,600.95 at the end of 2024[28] Shareholder Information - Shareholders' equity attributable to the parent company was ¥4,962,880,257.90, reflecting a 2.70% increase from ¥4,832,547,371.77 at the end of the previous year[6] - Total number of common shareholders at the end of the reporting period is 19,792[11] - The largest shareholder, He Zuxun, holds 261,016,651 shares, representing 49.73% of total shares[11] - The top 10 shareholders hold a combined total of 49.73% of shares, indicating a concentrated ownership structure[11] Cash Flow and Investments - The company's cash and cash equivalents increased to ¥1,134,564,695.49 from ¥1,042,221,396.86, reflecting a growth of approximately 8.8%[16] - The total cash outflow from investing activities in Q1 2025 was CNY 265,730,191.34, compared to CNY 196,133,655.42 in Q1 2024, resulting in a net cash flow of CNY -257,914,894.48[24] - Cash inflows from financing activities in Q1 2025 were CNY 93,394,280.78, significantly lower than CNY 334,270,571.65 in Q1 2024[24] - The company's cash and cash equivalents at the end of Q1 2025 were CNY 1,098,525,076.49, up from CNY 603,883,003.87 at the end of Q1 2024[24] - The company received cash from borrowing amounting to ¥20,000,000.00 in Q1 2025, down from ¥100,000,000.00 in Q1 2024[33] Operational Highlights - The increase in revenue and profit was primarily driven by higher sales volumes and prices of live pigs, along with reduced costs[9] - Research and development expenses for Q1 2025 were ¥2,931,917.40, slightly down from ¥3,098,431.35 in Q1 2024[20] - The company reported a significant decrease in R&D expenses, which fell to ¥1,410,639.92 in Q1 2025 from ¥3,098,431.35 in Q1 2024, a reduction of 54.4%[30] - The company established "Wenshan Shennong Animal Husbandry Co., Ltd." with an investment of ¥10 million, focusing on livestock breeding and sales[13] Related Party Transactions - The company does not have any significant changes in the participation of major shareholders in margin trading or securities lending[13] - No significant related party transactions were reported in the recent investments made by the company[14]