中牧股份(600195) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue declined by 14.85% to CNY 799,961,227.71 year-on-year[11] - Net profit attributable to shareholders decreased by 29.25% to CNY 88,365,855.29 compared to the same period last year[11] - Basic earnings per share dropped by 49.45% to CNY 0.1469[11] - Net profit decreased by 33.27% to ¥88,478,730.76 from ¥132,595,913.49 primarily due to a reduction in investment income[19] - Sales revenue from goods and services decreased by 32.07% to ¥509,827,067.72 from ¥750,508,770.92, indicating a decline in sales collections[19] - Total revenue for Q1 2019 was CNY 799,961,227.71, a decrease of 14.8% compared to CNY 939,451,640.67 in Q1 2018[41] - Net profit for Q1 2019 was CNY 88,478,730.76, a decline of 33.3% from CNY 132,595,913.49 in Q1 2018[41] - Revenue for Q1 2019 was CNY 438.67 million, a decrease of 13.0% compared to CNY 503.68 million in Q1 2018[46] - Net profit for Q1 2019 was CNY 103.24 million, compared to CNY 108.32 million in Q1 2018, reflecting a decrease of 4.0%[46] - Total comprehensive income for Q1 2019 was CNY 98.42 million, compared to CNY 101.07 million in Q1 2018, a decrease of 2.6%[46] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -254,781,178.85, a decrease of 30.67% year-on-year[11] - Cash and cash equivalents decreased by 57.02% to ¥361,359,815.87 from ¥840,816,325.23 due to operational expenditures[19] - Cash flow from operating activities for Q1 2019 was negative CNY 254.78 million, compared to negative CNY 194.98 million in Q1 2018[50] - Cash inflow from investment activities in Q1 2019 was CNY 1.44 billion, significantly higher than CNY 80.16 million in Q1 2018[50] - The net cash and cash equivalents at the end of Q1 2019 were 178,308,217.06 RMB, a decrease from 590,828,743.32 RMB at the beginning of the period, reflecting a decline of about 69.9%[55] - Cash flow from investment activities netted 1,043,341,561.69 RMB in Q1 2019, a significant increase from 64,062,810.04 RMB in Q1 2018, indicating a growth of over 1,529%[55] - Cash flow from operating activities showed a decrease in cash inflow, with total cash inflow of 265,931,813.57 RMB in Q1 2019, down from 450,341,616.99 RMB in Q1 2018, a decline of approximately 41%[52] Assets and Liabilities - Total assets decreased by 18.75% to CNY 5,560,018,039.04 compared to the end of the previous year[11] - Total assets decreased from CNY 6,842,781,079.05 to CNY 5,560,018,039.04, a decline of approximately 18.7%[28] - Current assets decreased from CNY 3,721,707,399.85 to CNY 2,284,657,661.23, representing a decrease of about 38.7%[28] - Total liabilities decreased from CNY 2,357,640,357.56 to CNY 991,359,161.89, a decline of around 58.0%[31] - Current liabilities decreased from CNY 2,300,810,341.49 to CNY 934,715,043.18, a decrease of approximately 59.3%[31] - Long-term equity investments increased from CNY 709,502,063.64 to CNY 813,677,971.04, an increase of about 14.7%[28] - The total liabilities as of Q1 2019 were not explicitly stated but are implied to have increased due to higher financing outflows[58] - Total liabilities amounted to CNY 2,357,640,357.56, with current liabilities at CNY 2,300,810,341.49[60] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,475[14] - The largest shareholder, China Animal Husbandry Group Co., Ltd., holds 49.91% of the shares[14] - Total equity increased from CNY 4,485,140,721.49 to CNY 4,568,658,877.15, an increase of about 1.9%[33] - Total equity attributable to shareholders reached CNY 3,995,305,426.98, contributing to total equity of CNY 4,485,140,721.49[63] Government Support and Other Income - The company received government subsidies amounting to CNY 1,330,181.42 during the reporting period[11] - The company reported a total of CNY 1,238,163.76 in non-operating income and expenses[13] Investment and Expenses - Investment income decreased by 46.93% to ¥39,098,559.71 from ¥73,669,404.26 due to changes in the operating conditions of an associated company[19] - Research and development expenses for Q1 2019 were CNY 23,784,959.02, slightly down from CNY 24,554,115.76 in Q1 2018[41] - The company's retained earnings increased from CNY 2,241,063,279.32 to CNY 2,329,429,134.59, an increase of approximately 3.9%[33] - The company reported a decrease in sales expenses to CNY 82,231,527.82 from CNY 110,503,634.58 in the previous year, a reduction of 25.5%[41] - Cash paid for purchasing goods and services decreased by 31.59% to ¥454,243,239.81 from ¥663,992,085.45, reflecting reduced procurement[19] - Cash paid for fixed assets and other long-term assets increased by 260.51% to ¥75,233,282.05 from ¥20,868,568.65, driven by investments in relocation projects[19] Accounting and Reporting Changes - The company will adopt new accounting standards starting from 2019, with no restatement of 2018 comparative figures[68] - The company has designated available-for-sale financial assets to be measured at fair value, with changes recorded in other comprehensive income[68] - The company does not require retrospective adjustments for financial instrument standards as per the new guidelines[68] - The company reported no adjustments for the initial application of new financial instrument and lease standards[69] - The audit report is not applicable for this period[69]