扬农化工(600486) - 2021 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 0.42% to CNY 444,368,200.69 year-on-year[5] - Operating income rose by 17.43% to CNY 3,707,660,042.47 compared to the same period last year[5] - Basic earnings per share slightly decreased by 0.42% to CNY 1.434[5] - The company reported a total profit for Q1 2021 of CNY 532,138,496.75, compared to CNY 538,712,911.15 in Q1 2020[29] - Net profit for Q1 2021 was CNY 445,260,196.33, slightly down by 0.3% from CNY 446,620,696.23 in Q1 2020[29] - The company achieved a gross profit margin of approximately 27.0% in Q1 2021, compared to 27.4% in Q1 2020[27] - Other comprehensive income after tax for Q1 2021 was CNY 5,638,536.60, down from CNY 12,201,837.83 in Q1 2020[29] Assets and Liabilities - Total assets increased by 10.59% to CNY 12,048,496,791.28 compared to the end of the previous year[5] - Total liabilities increased to CNY 5,686,248,194.60 from CNY 4,943,384,203.78, representing a growth of approximately 15.0% year-over-year[20] - Total equity rose to CNY 6,362,248,596.68 from CNY 5,951,639,476.07, reflecting an increase of about 6.9% year-over-year[20] - Current liabilities increased to CNY 2,186,035,516.29 from CNY 1,942,134,872.33, representing an increase of about 12.6%[24] - Non-current liabilities totaled RMB 841,405,758.67, an increase of RMB 31,286,814.25 from the previous period[44] Cash Flow - Net cash flow from operating activities surged by 823.93% to CNY 465,783,858.56 year-on-year[5] - The total cash inflow from operating activities was ¥2,481,136,853.90, compared to ¥2,005,692,548.83 in the same period last year, marking an increase of 23.7%[34] - The net cash flow from investing activities was -¥335,339,671.85 in Q1 2021, an improvement from -¥394,718,384.34 in Q1 2020, showing a reduction in cash outflow by 15%[36] - The company reported cash inflow from financing activities of ¥349,461,963.10, compared to ¥255,230,874.45 in Q1 2020, representing an increase of 37%[36] Shareholder Information - The total number of shareholders reached 15,755 by the end of the reporting period[7] - Jiangsu Yangnong Chemical Group Co., Ltd. held 36.17% of the shares, making it the largest shareholder[7] Investments and Subsidies - The company reported a government subsidy of CNY 5,890,850.62, which is closely related to its normal business operations[6] - Investment income improved to RMB 245.37 million from a loss of RMB 370.53 million, due to increased settlement gains from expired foreign exchange forward contracts[12] Accounts and Receivables - Accounts receivable increased by 68.51% to RMB 2.25 billion from RMB 1.33 billion, driven by increased pesticide sales during the peak season[12] - Prepayments decreased by 31.10% to RMB 344.21 million from RMB 499.60 million due to settlement of raw material purchases[12] - Contract liabilities decreased by 34.69% to RMB 264.78 million from RMB 405.42 million as customer prepayments reduced during the peak season[12] Research and Development - Research and development expenses increased to CNY 78,335,595.73, up 5.8% from CNY 73,976,074.86 in Q1 2020[27] Equity and Stake Transfers - The company is in the process of a significant equity transfer involving a 39.88% stake in Yangnong Group and a 36.17% stake in Jiangsu Yangnong Chemical[13]