YBTI(SH:600883)2022-04-29 16:00Financial Performance - The company achieved a total operating revenue of ¥3,517,143.86, representing a year-on-year increase of 17.10%[3] - The net profit attributable to shareholders was ¥11,826,516.78, reflecting a slight increase of 0.90% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 216.25% to ¥21,775,979.46[3] - Investment income for the period reached ¥27,625,602.07, an increase of 146.77% year-on-year, with equity method investment income from Xinjiang Zhonghe Co., Ltd. rising by 160.87% to ¥26,478,442.80[12] - The basic earnings per share for the period was ¥0.0501, showing a 1.00% increase[3] - The weighted average return on equity decreased by 0.0976 percentage points to 1.5874%[3] - Total operating revenue for Q1 2022 was CNY 3,517,143.86, an increase of 17.1% compared to CNY 3,003,534.84 in Q1 2021[29] - Net profit for Q1 2022 was CNY 11,826,516.78, slightly up from CNY 11,721,419.39 in Q1 2021, reflecting a growth of 0.9%[29] - Earnings per share for Q1 2022 were CNY 0.0501, compared to CNY 0.0496 in Q1 2021, indicating a 1.0% increase[31] - Investment income for Q1 2022 was CNY 27,625,602.07, significantly higher than CNY 11,195,012.33 in Q1 2021, marking a growth of 147.8%[29] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥792,679,123.78, up 1.98% from the end of the previous year[3] - The equity attributable to shareholders increased by 2.04% to ¥754,156,951.93 compared to the end of the previous year[3] - Total assets as of the end of the reporting period were CNY 792,679,123.78, up from CNY 777,255,145.82 at the end of the previous period, reflecting a growth of 2.0%[26] - Total liabilities increased to CNY 38,522,171.85 from CNY 38,165,170.85, representing a rise of 0.9%[26] - The company's equity attributable to shareholders was CNY 754,156,951.93, up from CNY 739,089,974.97, indicating a growth of 2.0%[26] Cash Flow - The company reported a net cash flow from operating activities of -¥630,994.60, which is not applicable for year-on-year comparison[3] - The net cash flow from operating activities was -630,994.60, a significant improvement from -2,420,655.14 in the previous period, indicating a reduction in cash outflow[34] - Cash inflow from investment activities totaled 31,432,909.27, down from 63,404,476.48, reflecting a decrease in investment returns[34] - The net cash flow from investment activities was -10,965,809.27, compared to -20,397,103.52 previously, showing a reduced loss in this area[34] - The total cash inflow from operating activities was 5,183,683.81, compared to 3,697,813.47 previously, indicating an increase in operational cash generation[34] - The company reported a total cash outflow from operating activities of 5,814,678.41, slightly lower than 6,118,468.61 in the previous period[34] - The cash outflow for employee payments was 3,252,262.98, slightly lower than 3,498,818.42 previously, reflecting cost management efforts[34] - The company experienced a net cash outflow from financing activities of -9,862.43, compared to -1,807.48 in the previous period, indicating increased financing costs[36] Business Operations - The company’s main business includes the procurement, sales, and processing of edible fungi, with a focus on fresh matsutake and related products, although sales revenue from this segment was relatively low during the reporting period[12] - Xinjiang Zhonghe achieved operating revenue of 2,116.45 million RMB, a year-on-year increase of 16.73%[14] - The net profit attributable to shareholders was 379.55 million RMB, representing a year-on-year growth of 162.04%[14] - The net cash flow from operating activities reached 329.06 million RMB, up 240.05% year-on-year[14] - The long-term equity investment income from Xinjiang Zhonghe was 26.48 million RMB, an increase of 160.87% compared to the previous year[14] Investments and Acquisitions - The company plans to increase its investment in Shangri-La Bowan Food Co., Ltd. by 20 million RMB, maintaining a 100% ownership stake[18] - The acquisition of land use rights and buildings from Shengbao Company was completed for a total consideration of 12.02 million RMB[19] - The company held trading financial assets totaling 139.93 million RMB as of the report date[15] - The cash flow from trading financial assets included a fair value change gain of 250,500 RMB from a trust product[17] - The total cash inflow from investment activities included cash received from investment recoveries of 31,147,159.27, down from 54,800,000.00 previously, highlighting a decline in investment recoveries[34] Cost Management - Total operating costs for Q1 2022 were CNY 7,570,238.82, up 10.4% from CNY 6,857,630.89 in Q1 2021[29] - The gross profit margin for the cement segment improved by 4.42 percentage points, reaching -11.43%[15] - The company incurred cash payments for purchasing goods and services amounting to 450,538.63, a decrease from 1,512,549.03 in the prior period[34]