WINALL(300087)2025-04-29 13:00Financial Performance - The company's revenue for Q1 2025 was ¥835,321,277.94, representing a 24.13% increase compared to ¥672,962,046.88 in the same period last year[4] - The net profit attributable to shareholders decreased by 87.62% to ¥2,196,667.64 from ¥17,744,469.19 year-on-year[4] - The company achieved operating revenue of CNY 835.32 million, an increase of 24.13% compared to the same period last year[17] - The net profit attributable to shareholders decreased by 87.62% to CNY 2.19 million, impacted by increased competition and rising management expenses[17] - The net profit for the current period was a loss of ¥16,847,296.05, compared to a profit of ¥16,766,262.77 in the previous period, indicating a shift in profitability[22] - The total comprehensive income attributable to the parent company was CNY 1,902,512.68, down from CNY 14,411,663.28 year-over-year[23] Cash Flow - The net cash flow from operating activities was -¥776,835,154.94, a decline of 22.68% compared to -¥633,233,782.96 in the previous year[4] - The cash inflow from operating activities increased by 17.92% to ¥798,756,372.58, driven by higher cash receipts from sales[11] - The cash outflow from operating activities rose by 20.22% to ¥1,575,591,527.52, primarily due to increased payments for seeds[11] - Operating cash flow generated a net outflow of CNY -776,835,154.94, compared to CNY -633,233,782.96 in the previous period[25] - Cash inflow from operating activities totaled CNY 798,756,372.58, an increase from CNY 677,385,806.11 year-over-year[24] - Cash outflow from operating activities was CNY 1,575,591,527.52, up from CNY 1,310,619,589.07 in the previous period[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,037,242,335.60, down 8.04% from ¥7,652,407,216.86 at the end of the previous year[4] - Current assets decreased to ¥5,300,793,007.73 from ¥5,913,823,531.24, a decline of approximately 10.3%[20] - Total liabilities decreased to ¥4,429,353,093.63 from ¥5,030,356,423.14, representing a reduction of about 11.9%[21] - Cash and cash equivalents dropped to ¥972,369,719.79 from ¥1,600,073,995.25, a decrease of approximately 39.1%[20] - Accounts receivable increased to ¥737,068,001.49 from ¥552,806,527.11, reflecting a growth of about 33.4%[20] - Inventory decreased to ¥2,790,168,125.20 from ¥2,988,861,416.06, a decline of approximately 6.6%[20] - Long-term borrowings rose to ¥300,231,000.00 from ¥138,974,000.00, an increase of about 116.5%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period was 49,422[13] - The largest shareholder, China Seed Group Co., Ltd., holds 20.51% of the shares, totaling 194,294,026 shares[13] - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder, Jia Guilan, owning 6.92%[13] - The company has a total of 10 major unrestricted shareholders, with significant holdings in common shares[14] - The number of restricted shares at the end of the period was 51,434,182, with some shares set to be released from lock-up in the future[16] Operational Challenges - The company reported a significant increase in operating costs, which rose by 33.82% to ¥722,729,826.32 due to increased orders and export business[9] - The company is facing challenges in its seed business due to increased homogenization and competition, leading to a decline in overall gross margin[17] - The company has seen an increase in seed exports and grain order business, contributing to revenue growth despite profit decline[17] Board and Governance - The company plans to delay the re-election of the board of directors and supervisory board to ensure continuity and stability[18]