扬农化工(600486) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was ¥327,390,194.01, representing a year-on-year increase of 19.43%[4] - Operating revenue for the period was ¥1,570,144,526.27, a decrease of 2.50% compared to the same period last year[4] - Basic earnings per share rose to ¥1.056, reflecting a growth of 19.43% compared to the previous year[4] - Total operating revenue for Q1 2019 was CNY 1,570,144,526.27, a decrease of 2.5% compared to CNY 1,610,399,462.80 in Q1 2018[23] - Net profit for Q1 2019 reached CNY 329,486,567.17, an increase of 14.5% from CNY 287,759,019.31 in Q1 2018[24] - Total profit for Q1 2019 was CNY 387,631,255.49, an increase of 14.5% from CNY 338,540,022.72 in Q1 2018[23] - Total comprehensive income for Q1 2019 was CNY 45,735,850.74, compared to CNY 19,092,808.18 in Q1 2018, representing an increase of approximately 139.5%[27] - Basic and diluted earnings per share for Q1 2019 were CNY 0.148, up from CNY 0.062 in Q1 2018, reflecting a growth of 138.7%[27] Cash Flow - Net cash flow from operating activities was ¥176,810,807.83, down 57.71% year-on-year[4] - Cash inflow from operating activities in Q1 2019 was CNY 1,233,008,931.30, a decrease of 14.1% from CNY 1,435,501,565.12 in Q1 2018[28] - Net cash flow from operating activities for Q1 2019 was CNY 176,810,807.83, down 57.7% from CNY 418,079,290.25 in Q1 2018[28] - Cash inflow from investment activities in Q1 2019 totaled CNY 320,696,647.95, a decrease of 56.9% compared to CNY 744,531,929.08 in Q1 2018[31] - Net cash flow from investment activities for Q1 2019 was -CNY 219,977,810.37, contrasting with a positive CNY 215,295,038.38 in Q1 2018[31] - Cash inflow from financing activities in Q1 2019 was CNY 150,000,000.00, compared to CNY 2,000,000.00 in Q1 2018[31] - Net cash flow from financing activities for Q1 2019 was CNY 144,083,657.93, a significant improvement from -CNY 221,328,461.81 in Q1 2018[31] Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,616,636,901.23, an increase of 2.39% compared to the end of the previous year[4] - Total liabilities increased to ¥2,654,412,763.64 from ¥2,609,968,560.46, representing a growth of approximately 1.3%[17] - Total equity attributable to shareholders rose to ¥4,962,224,137.59 from ¥4,628,249,566.35, marking an increase of about 7.2%[17] - Cash and cash equivalents decreased to ¥362,175,736.85 from ¥473,900,001.97, a decline of approximately 23.5%[20] - Accounts receivable increased significantly to ¥541,900,358.13 from ¥370,359,505.76, reflecting a growth of around 46.2%[20] - Inventory rose to ¥352,280,136.30 from ¥302,330,246.06, indicating an increase of about 16.6%[20] - Short-term borrowings increased to ¥475,295,359.49 from ¥325,295,359.49, a rise of approximately 46.0%[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,615[6] - Jiangsu Yangnong Chemical Group Co., Ltd. held 36.17% of the shares, making it the largest shareholder[6] Expenses - Management expenses increased by 57.58% to CNY 68.03 million, primarily due to higher employee compensation[9] - Financial expenses decreased by 57.35% to CNY 21.38 million, mainly due to reduced exchange losses[9] - Research and development expenses for Q1 2019 were CNY 62,587,385.22, a decrease of 12.8% from CNY 71,740,113.65 in Q1 2018[23] Other Income - The company reported non-operating income of ¥25,296,122.91, primarily from government subsidies and other non-recurring gains[5] - The company reported an increase in other income to CNY 3,536,650.77 in Q1 2019, compared to CNY 763,972.27 in Q1 2018[23] Acquisition Plans - The company is in negotiations for the acquisition of 100% equity in Sinochem Crop Protection Co., Ltd. and Shenyang Sinochem Pesticide Chemical R&D Co., Ltd.[10]