SANYUAN(SH:600429)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥2,156,123,567.69, representing a year-on-year increase of 1.29% compared to ¥1,867,575,905.40 in the same period last year[6]. - Net profit attributable to shareholders was ¥41,596,674.58, a decrease of 42.72% from ¥44,115,735.71 in the previous year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥38,170,395.76, down 53.53% from ¥42,402,764.29 year-on-year[6]. - Basic earnings per share decreased by 42.68% to ¥0.0278 from ¥0.0295 in the previous year[9]. - Net profit for Q1 2022 was approximately ¥30.72 million, a decrease of 68.2% compared to ¥96.27 million in Q1 2021[44]. - Earnings per share for Q1 2022 were ¥0.0278, down from ¥0.0485 in Q1 2021, reflecting a decline of 42.5%[44]. - The company reported a total comprehensive income of approximately ¥14.43 million for Q1 2022, down from ¥45.18 million in Q1 2021, a decrease of 68.1%[44]. Cash Flow - The net cash flow from operating activities was ¥20,454,337.00, a significant decline of 89.03% compared to ¥216,219,350.93 in the same period last year[9]. - In Q1 2022, the company's cash inflow from operating activities was CNY 2,264,922,934.45, a decrease of 7.5% compared to CNY 2,448,749,125.60 in Q1 2021[47]. - The net cash flow from operating activities for Q1 2022 was CNY 20,454,337.00, significantly lower than CNY 186,522,722.24 in the same period last year[49]. - Cash outflow from operating activities totaled CNY 2,244,468,597.45, compared to CNY 2,262,226,403.36 in Q1 2021, indicating a slight decrease of 0.8%[49]. - The company's cash and cash equivalents at the end of Q1 2022 were CNY 1,514,585,194.73, down from CNY 2,140,110,739.27 at the end of Q1 2021[49]. - The total cash outflow related to financing activities was CNY 848,753,159.05, compared to CNY 398,299,043.55 in Q1 2021, indicating a significant increase[49]. Assets and Liabilities - Total assets at the end of the reporting period were ¥17,532,354,214.44, an increase of 0.32% from ¥12,572,462,999.63 at the end of the previous year[9]. - Total liabilities as of the reporting date were approximately ¥10,627.64 million, an increase from ¥9,773.69 million in the previous period, representing a growth of 8.7%[38]. - Total equity decreased to approximately ¥6,904.71 million from ¥7,702.42 million, indicating a decline of 10.4%[38]. - The company's total current assets as of March 31, 2022, amounted to approximately 4.20 billion RMB, an increase from approximately 3.97 billion RMB as of December 31, 2021[36]. - The company's accounts receivable rose to approximately 1.13 billion RMB as of March 31, 2022, compared to approximately 885.44 million RMB at the end of 2021[33]. - The company reported inventory of approximately 1.24 billion RMB as of March 31, 2022, slightly down from approximately 1.25 billion RMB at the end of 2021[33]. Investments and Acquisitions - The company acquired a total of 46.3675% equity in Shou Nong Animal Husbandry from Beijing Sanyuan Seed Industry Technology Co., Ltd. and Beijing Xing Shi Investment Management Center for a total transaction price of RMB 112.85 million[18]. - The company completed the acquisition of 51% equity in Shou Nong Animal Husbandry in January 2022, which is now included in the company's consolidated financial statements[20]. - The company plans to increase its investment in Beijing Sanyuan Meiyuan Food Co., Ltd. by RMB 408 million, aiming to acquire 100% equity in the company[22]. - The company approved a loan of RMB 100 million for its subsidiary Shou Nong Animal Husbandry, with a one-year term, and will provide guarantees based on shareholding proportions[23]. - The company’s subsidiary, Allied Faxi New Zealand Food Co., Ltd., is set to apply for a loan of NZD 10 million, with the parent company providing guarantees for the loan[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,825[15]. - The company approved a restricted stock incentive plan to grant 22.46 million shares, representing approximately 1.5% of the total share capital, with an initial grant price of RMB 3.01 per share[21]. - The company approved a cash dividend distribution of 0.50 RMB per 10 shares, totaling approximately 74.88 million RMB, which accounts for 30.54% of the net profit attributable to the parent company for 2021[27]. Future Plans and Strategies - The company plans to adjust its product structure and reduce costs to mitigate the cyclical fluctuations in the livestock industry[9]. - The company plans to manage up to 500 million RMB of temporarily idle funds for cash management purposes, ensuring normal operations and fund safety[32]. - The company plans to apply for a comprehensive credit facility of up to 1.5 billion RMB from its controlling shareholder's financial subsidiary to meet funding needs[27]. - The company and its subsidiary plan to apply for a one-year comprehensive credit facility of 500 million RMB from Beijing Rural Commercial Bank[28]. - The company approved a guarantee for its subsidiary Jiangsu Sanyuan Shuangbao Dairy Co., Ltd. to apply for a one-year comprehensive credit facility of 10 million RMB from Jiangsu Bank[28].