苏垦农发(601952) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue rose by 39.58% to CNY 1,271,048,494.66, primarily due to the consolidation of Jin Sun Grain and Oil Co., Ltd.[12] - Net profit attributable to shareholders decreased by 13.44% to CNY 124,127,520.15 compared to the same period last year[12] - Basic and diluted earnings per share decreased by 10.00% to CNY 0.09[12] - The company experienced a decline in net profit and cash flow due to lower sales prices of rice and seeds compared to the previous year[12] - The company's operating revenue for the first quarter increased by 39.58% year-on-year, reaching RMB 1,271,048,494.66[26] - Operating profit for Q1 2019 was CNY 56,504,567.94, compared to CNY 66,958,008.28 in Q1 2018, indicating a decrease of about 15%[56] - Total profit for Q1 2019 was CNY 56,713,353.40, compared to CNY 67,111,719.62 in Q1 2018, reflecting a decrease of about 15%[56] - Net profit for Q1 2019 was CNY 53,031,012.63, down from CNY 67,111,719.62 in Q1 2018, representing a decline of approximately 21%[59] Cash Flow and Liquidity - Net cash flow from operating activities dropped by 187.31% to -CNY 98,051,539.37 compared to the previous year[12] - The company reported a net cash flow from operating activities of -RMB 98,051,539.37, a decline of 187.31% year-on-year[26] - Cash inflow from investment activities totaled 2,186,037,012.57 CNY, compared to 1,114,250,229.61 CNY in the prior period, reflecting a strong increase in investment returns[65] - The net cash flow from investment activities was 40,072,744.05 CNY, recovering from a negative cash flow of -125,851,757.62 CNY previously, showing improved investment management[65] - The cash inflow from operating activities was 357,399,106.51 CNY, down from 1,002,124,811.26 CNY, highlighting a decline in sales or service revenue[69] - The total cash and cash equivalents at the end of the period were 586,373,984.96 CNY, down from 604,336,499.12 CNY, reflecting a decrease in liquidity[67] Assets and Liabilities - Total assets increased by 7.39% to CNY 7,501,626,488.82 compared to the end of the previous year[12] - The company's total assets increased to approximately ¥7.50 billion as of March 31, 2019, compared to ¥6.99 billion at the end of 2018, reflecting a growth of about 7.4%[40] - The company's total liabilities reached approximately ¥1.43 billion, up from ¥1.30 billion at the end of 2018, indicating an increase of about 9.9%[40] - Total liabilities decreased from ¥1,204,911,031.25 to ¥943,538,235.45, a reduction of about 21.7%[47] - The company's accounts receivable increased significantly to approximately ¥364.72 million, compared to ¥160.39 million at the end of 2018, marking an increase of 127.5%[34] - Current liabilities totaled approximately ¥1.08 billion, while total liabilities reached approximately ¥1.30 billion[77] Shareholder Information - The company had a total of 62,825 shareholders at the end of the reporting period[19] - The largest shareholder, Jiangsu Agricultural Reclamation Group Co., Ltd., held 67.84% of the shares[19] Government Support and Subsidies - The company received government subsidies amounting to CNY 16,752,923.09 related to its normal business operations[16] - The company received agricultural support subsidies amounting to RMB 18,200,000, contributing to other income growth of 215.90%[26] Inventory and Costs - The operating cost rose by 55.09% year-on-year, amounting to RMB 1,085,951,766.53[26] - The company's inventory as of March 31, 2019, was approximately ¥2.36 billion, representing an increase of 16.1% from ¥2.03 billion at the end of 2018[34] - The cash outflow for purchasing goods and services was 1,151,740,461.97 CNY, compared to 531,229,634.93 CNY previously, showing increased operational costs[65] Investment and Equity - The company experienced a 72.50% increase in investment income, totaling RMB 15,956,974.81[26] - The company's total equity increased to approximately ¥6.07 billion as of March 31, 2019, compared to ¥5.68 billion at the end of 2018, reflecting a growth of about 6.9%[40] - The total equity attributable to shareholders was approximately ¥5.59 billion, contributing to total equity of approximately ¥5.68 billion[80] Research and Development - Research and development expenses decreased to ¥4,135,386.81 from ¥4,821,789.67, a decline of about 14.2%[50] - Research and development expenses for Q1 2019 were CNY 1,580,779.01, down from CNY 1,870,119.18 in Q1 2018, reflecting a reduction of approximately 16%[56]