Dunhuang Seed(SH:600354)2025-04-29 11:58Financial Performance - The company's operating revenue for Q1 2025 was CNY 594,565,560.13, representing a 34.15% increase compared to CNY 443,210,480.45 in the same period last year[3] - Net profit attributable to shareholders for the same period was CNY 63,879,931.71, a 61.85% increase from CNY 39,469,161.14 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 61,310,675.51, reflecting a 69.74% increase from CNY 36,120,964.16 in the previous year[3] - Basic and diluted earnings per share were both CNY 0.1210, up 61.76% from CNY 0.0748 in the same quarter last year[3] - The weighted average return on equity increased by 2.95 percentage points to 9.34% compared to 6.39% in the previous year[3] - The company's net profit for Q1 2025 reached CNY 141,215,232.80, a significant increase of 56.1% compared to CNY 90,427,205.88 in Q1 2024[20] - Operating profit for the period was CNY 195,537,543.42, up from CNY 123,667,190.38, reflecting a growth of 58.0% year-over-year[20] - The company's total profit for Q1 2025 was CNY 196,968,386.40, up from CNY 126,090,351.54 in Q1 2024, reflecting a growth of 56.2%[20] - Total comprehensive income for the period was CNY 141,215,232.80, compared to CNY 90,427,205.88 in Q1 2024, indicating a growth of 56.1%[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,735,543,394.42, a decrease of 12.97% from CNY 1,994,093,930.13 at the end of the previous year[3] - Total liabilities decreased to CNY 827,946,744.62 from CNY 1,164,012,513.13, a decline of 28.8%[13] - Shareholders' equity attributable to shareholders increased by 9.80% to CNY 715,629,824.99 from CNY 651,749,893.28 at the end of the previous year[3] - The company's equity attributable to shareholders increased to RMB 715,629,824.99 from RMB 651,749,893.28, reflecting a growth of 9.8%[14] Cash Flow and Operating Activities - The net cash flow from operating activities was negative at CNY -12,304,698.03, compared to CNY -3,006,292.28 in the same period last year[3] - The company reported a net cash outflow from operating activities of CNY -12,304,698.03, compared to CNY -3,006,292.28 in Q1 2024[22] - Cash and cash equivalents decreased to RMB 780,117,876.19 as of March 31, 2025, down from RMB 839,454,251.64 at the end of 2024[11] - Cash and cash equivalents at the end of the period stood at CNY 735,019,430.42, an increase from CNY 691,484,852.48 year-over-year[22] Revenue and Costs - The increase in revenue was primarily driven by higher sales in the seed business during the reporting period[6] - The total operating revenue for Q1 2025 reached RMB 594,565,560.13, an increase of 34.2% compared to RMB 443,210,480.45 in Q1 2024[17] - The total operating costs for Q1 2025 were RMB 394,329,032.05, up 24.4% from RMB 316,833,982.68 in Q1 2024[17] - The operating profit margin for Q1 2025 was approximately 33.7%, compared to 29.5% in Q1 2024, indicating improved profitability[17] Accounts and Inventory - Accounts receivable increased significantly to RMB 100,766,943.28 from RMB 42,144,442.44, reflecting a growth of 138.1%[12] - Inventory levels decreased to RMB 269,390,039.20 from RMB 518,875,529.78, a reduction of 48.2%[12] Non-Recurring Gains and Financial Expenses - The company recognized non-recurring gains totaling CNY 2,569,256.20, after accounting for tax and minority interests[5] - The company incurred financial expenses of CNY 614,383.13, a decrease from CNY 1,669,771.23 in the previous year[20] - The company received CNY 90,000,000.00 from investment recoveries, up from CNY 50,000,000.00 in the same period last year[22]