冠农股份(600251) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the period reached CNY 935,604,856.84, representing a significant increase of 69.08% year-on-year[8] - Net profit attributable to shareholders was CNY 37,861,043.17, down 48.94% from the previous year[8] - Basic earnings per share decreased by 48.99% to CNY 0.0482[8] - The company reported a net profit excluding non-recurring gains and losses of CNY 35,372,043.74, down 50.83% year-on-year[8] - Total profit for the reporting period was 39.16 million yuan, a decrease of 38.57% year-on-year, primarily due to a significant reduction in investment income[13] - Net profit attributable to the parent company was 37.86 million yuan, down 48.94% year-on-year, mainly due to a substantial decrease in profits from the company's associate, Luojiao Company[13] - Basic and diluted earnings per share were 0.0482 yuan, a decrease of 48.95% year-on-year, primarily due to the reduction in net profit attributable to the parent company[13] - Total operating revenue for Q1 2019 reached CNY 935.60 million, a significant increase of 68.9% compared to CNY 553.37 million in Q1 2018[29] - Net profit for Q1 2019 was CNY 39.13 million, a decrease of 37.9% from CNY 62.90 million in Q1 2018[30] - Total comprehensive income for Q1 2019 was CNY 22,791,977.85, compared to CNY 79,293,027.03 in Q1 2018, a decline of approximately 71.2%[32] Cash Flow - The net cash flow from operating activities was CNY 525,431,272.84, an increase of 5.70% compared to the same period last year[8] - Net cash flow from operating activities was CNY 16,912,688.87, a significant improvement compared to a net outflow of CNY 34,496,008.42 in the same period of 2018[36] - The company reported a net cash inflow from operating activities of CNY 1,132,201,796.67 in Q1 2019, compared to CNY 771,965,055.75 in Q1 2018, an increase of 46.7%[32] - Total cash inflow from operating activities was CNY 52,903,602.31, while cash outflow was CNY 35,990,913.44, resulting in a positive cash flow[36] - The company reported a net cash flow from investing activities of -CNY 41,401,529.69 for Q1 2019, compared to -CNY 1,399,978.12 in Q1 2018[36] - Cash inflow from financing activities was CNY 190,000,000.00, with cash outflow totaling CNY 154,073,423.87, leading to a net cash flow of CNY 35,926,576.13[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,433,213,725.05, a decrease of 12.55% compared to the end of the previous year[8] - Cash and cash equivalents at the end of the reporting period amounted to 723.95 million yuan, a decrease of 32.16% compared to the beginning of the year, primarily due to repayment of bank loans[11] - The total current assets decreased from approximately 4.13 billion yuan to approximately 3.34 billion yuan, a decline of about 19.3%[25] - The company's cash and cash equivalents decreased from approximately 1.07 billion yuan to approximately 724 million yuan, a decrease of about 32.2%[22] - The company's inventory decreased from approximately 1.74 billion yuan to approximately 1.53 billion yuan, a decline of about 12.0%[25] - The company’s total liabilities decreased from approximately 4.43 billion yuan to approximately 3.70 billion yuan, a decline of about 16.5%[25] - Total liabilities decreased from CNY 3,839,278,266.64 to CNY 3,079,121,294.83, a reduction of approximately 19.8%[26] - Current liabilities decreased from CNY 3,725,973,366.91 to CNY 2,986,401,462.81, a decrease of about 19.8%[26] - Non-current liabilities decreased from CNY 113,304,899.73 to CNY 92,719,832.02, a reduction of approximately 18.1%[26] - Total equity decreased from CNY 2,373,540,503.79 to CNY 2,354,092,430.22, a decrease of about 0.8%[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 47,070[10] - The largest shareholder, Xinjiang Guannong Group Co., Ltd., held 40.89% of the shares, amounting to 320,932,708 shares[10] - As of the end of the reporting period, the total number of pledged shares by the controlling shareholder, Guannong Group, reached 80 million shares, accounting for 21.93% of its total shares held and 10.19% of the company's total share capital[24] - The company has repurchased a total of 7,174,025 shares, representing 0.91% of the total share capital, with a total payment of approximately 38.85 million yuan[24] Research and Development - Research and development expenses increased to 443,700 yuan, a substantial increase of 441.76% year-on-year, mainly due to increased collaboration fees with universities[11] - Research and development expenses for Q1 2019 were CNY 443.67 thousand, significantly lower than CNY 81.90 thousand in Q1 2018[29] - Research and development expenses increased to CNY 433,542.52 in Q1 2019 from CNY 79,625.38 in Q1 2018, indicating a significant rise of 444.5%[31] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[10] - The company terminated the proposed sale of 51.26% equity in its subsidiary Xinjiang Yintong Cotton Industry Co., Ltd. due to prolonged negotiations and uncertainty[14] - The company is in the process of publicly transferring its holdings in the Zhonghang Trust Tianqi (2016) No. 196 collective fund trust plan, with the evaluation work currently ongoing[16] - The company completed the cancellation of the registration for Bazhou Tomato Food Co., Ltd., thus it is no longer included in the consolidation scope for the reporting period[23]