丰乐种业(000713) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥548,267,505.72, a decrease of 5.50% compared to ¥580,162,902.85 in the same period last year[5] - The net loss attributable to shareholders was ¥10,590,069.59, an improvement of 22.88% from a loss of ¥13,731,834.52 in the previous year[5] - The basic earnings per share improved by 23.21% to -¥0.0172 from -¥0.0224 in the previous year[5] - Net profit for the period was a loss of ¥12,649,305.85, compared to a loss of ¥18,972,707.42 in the previous period, indicating an improvement of approximately 33%[19] - The total comprehensive income attributable to the parent company was -10,590,069.59 CNY, compared to -13,731,834.52 CNY in the previous period, showing an improvement[20] Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of ¥40,468,737.40, a 79.52% reduction from ¥197,583,772.67 in the previous year[5] - Cash inflow from operating activities totaled 493,612,045.00 CNY, while cash outflow was 534,080,782.40 CNY, resulting in a net cash outflow[21] - The cash flow from investing activities was -25,633,292.41 CNY, a decline from a net inflow of 159,878,975.69 CNY in the previous period[21] - Cash flow from financing activities generated a net inflow of 5,632,165.42 CNY, down from 28,109,261.37 CNY in the previous period[21] - The ending balance of cash and cash equivalents was 181,942,632.62 CNY, compared to 115,831,841.48 CNY at the end of the previous period[21] Assets and Liabilities - Total assets increased by 1.59% to ¥3,317,731,829.85 from ¥3,265,772,322.13 at the end of the previous year[5] - Total liabilities rose to ¥1,232,854,235.33 from ¥1,168,291,107.04, an increase of approximately 5.5%[17] - Non-current liabilities totaled ¥214,917,950.83, slightly up from ¥212,445,007.34, indicating a marginal increase[17] - The company's total current assets amounted to RMB 1.84876312412 billion, an increase from RMB 1.79973588861 billion at the beginning of the period[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 66,309, with the largest shareholder holding 20.00% of the shares[11] - The company plans to issue A-shares to its controlling shareholder, Guotou Zhongye Technology Co., Ltd., at a price of RMB 5.91 per share, raising up to RMB 1.0886486 billion for working capital and bank loan repayment[13] - The company reported a total of 184,204,494 shares to be issued in the upcoming A-share offering[13] - The company has no known related party transactions among its major shareholders, ensuring transparency in ownership structure[12] Income and Expenses - Total operating revenue decreased to ¥548,267,505.72 from ¥580,162,902.85, representing a decline of approximately 5% year-over-year[18] - Total operating costs decreased to ¥564,518,955.44 from ¥602,079,996.96, a reduction of about 6.2% year-over-year[18] - Research and development expenses decreased to ¥21,527,462.29 from ¥26,106,579.14, a decline of about 17.5% year-over-year[18] - The company reported a decrease in sales expenses to ¥27,693,247.17 from ¥29,030,555.00, a reduction of approximately 4.6%[18] Other Income - Other income increased by 66.24% to ¥3,466,837.44, primarily due to higher government subsidies received[9] - The company reported a 44.63% decrease in investment income, down to ¥610,249.98 from ¥1,102,159.92 in the previous year[9] Inventory and Receivables - The company's accounts receivable rose by 48.17% to ¥351,590,760.44, attributed to increased receivables in the agricultural chemical business[9] - Accounts receivable increased significantly to RMB 351.59 million from RMB 237.29 million, representing a growth of approximately 48%[15] - Inventory decreased to RMB 937.07 million from RMB 989.20 million, indicating a reduction of about 5.3%[15]