万向德农(600371) - 2021 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 3.37% to CNY 13,023,653.42 year-on-year[6] - Operating income increased by 1.37% to CNY 73,099,476.92 compared to the same period last year[6] - Basic earnings per share dropped by 25.709% to CNY 0.0445[6] - Total operating revenue for Q1 2021 was CNY 73,099,476.92, an increase of 1.37% compared to CNY 72,113,559.78 in Q1 2020[24] - Net profit for Q1 2021 was CNY 14,633,835.20, a decrease of 3.01% from CNY 15,087,277.42 in Q1 2020[26] - The company reported a total comprehensive income of CNY 14,633,835.20 for Q1 2021, compared to CNY 15,087,277.42 in Q1 2020[27] - The company’s total profit for Q1 2021 was CNY 14,633,835.20, a decrease of 3.01% from CNY 15,087,277.42 in Q1 2020[26] Assets and Liabilities - Total assets decreased by 2.74% to CNY 725,817,156.80 compared to the end of the previous year[6] - Total assets decreased from CNY 746.28 billion as of December 31, 2020, to CNY 725.82 billion as of March 31, 2021, representing a decline of approximately 2.06%[17] - Current assets totaled CNY 496.41 billion as of March 31, 2021, down from CNY 513.25 billion at the end of 2020, a decrease of about 3.52%[17] - Non-current assets totaled CNY 229.41 billion as of March 31, 2021, down from CNY 233.03 billion, a decrease of about 1.54%[17] - Total liabilities decreased from CNY 168.90 billion to CNY 133.80 billion, a reduction of approximately 20.79%[18] - Shareholders' equity increased from CNY 577.38 billion to CNY 592.02 billion, reflecting a growth of about 2.56%[18] - The total liabilities and shareholders' equity amounted to CNY 437,783,356.89 as of the end of Q1 2021, a slight decrease from CNY 439,240,309.09 at the end of Q1 2020[23] Cash Flow - Net cash flow from operating activities surged by 633.23% to CNY 15,033,507.17 compared to the previous year[6] - In Q1 2021, the cash inflow from operating activities was CNY 44,865,120.61, an increase of 3.36% compared to CNY 43,406,228.39 in Q1 2020[35] - The cash outflow from operating activities decreased significantly to CNY 29,831,613.44 in Q1 2021 from CNY 41,355,906.74 in Q1 2020, resulting in a net cash flow from operating activities of CNY 15,033,507.17[35] - The net increase in cash and cash equivalents for Q1 2021 was CNY 14,123,207.17, compared to CNY 110,221.65 in Q1 2020[36] - The ending balance of cash and cash equivalents as of the end of Q1 2021 was CNY 374,087,723.47, down from CNY 389,039,606.54 at the end of Q1 2020[36] Shareholder Information - The total number of shareholders reached 50,175 at the end of the reporting period[10] Expenses - Total operating costs for Q1 2021 were CNY 59,015,097.79, up from CNY 57,582,259.00 in Q1 2020, reflecting a growth of 2.49%[24] - Research and development expenses for Q1 2021 were CNY 1,682,738.30, slightly up from CNY 1,669,704.52 in Q1 2020[24] - The company experienced a decrease in sales expenses, which were CNY 7,759,516.58 in Q1 2021 compared to CNY 6,566,304.03 in Q1 2020, indicating a rise of 18.19%[24] - Employee compensation payments increased to CNY 11,235,445.72 in Q1 2021, up from CNY 9,627,098.24 in Q1 2020, reflecting a 16.67% increase[35] Other Financial Metrics - The weighted average return on equity decreased by 0.31 percentage points to 2.40%[6] - Significant increase in prepayments by 456.97% to CNY 5,987,502.72, mainly for seed payments[12] - Other receivables increased by 332.88% to CNY 1,304,326.66, primarily for base seed deposits[12] - Operating income from non-operating activities rose by 1885.14% to CNY 422,023.08, mainly from clearing previous years' receivables[12]