苏垦农发(601952) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders of the listed company was ¥99,543,283.78, a decrease of 19.81% year-on-year[12]. - Operating revenue for the period was ¥1,363,725,599.97, reflecting a growth of 7.29% compared to the same period last year[12]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was ¥81,500,326.03, down 15.81% year-on-year[12]. - Basic earnings per share were ¥0.07, down 22.22% from ¥0.09 in the same period last year[12]. - Total operating revenue for Q1 2020 was approximately CNY 1.36 billion, an increase of 7.3% compared to CNY 1.27 billion in Q1 2019[43]. - Net profit for Q1 2020 was approximately CNY 105.62 million, a decrease of 20.0% from CNY 132.06 million in Q1 2019[45]. - Total comprehensive income amounted to CNY 19,948,901.74 for the first quarter of 2020, compared to CNY 53,031,012.63 in the same period of 2019[50]. Cash Flow - Net cash flow from operating activities was ¥72,848,211.64, a significant recovery from a negative cash flow of ¥98,051,539.37 in the previous year[12]. - Cash inflow from operating activities totaled CNY 1,545,438,810.60, an increase from CNY 1,326,732,505.97 year-over-year[53]. - Cash inflow from investment activities reached CNY 2,622,263,752.46, up from CNY 2,186,037,012.57 in the first quarter of 2019[53]. - Net cash flow from financing activities improved to CNY 62,419,885.31 from a negative CNY 158,867,062.97 year-over-year[54]. - The ending balance of cash and cash equivalents was CNY 756,555,872.98, up from CNY 586,373,984.96 in the previous year[55]. - The net cash flow from investing activities was $109,129,673.80, a significant improvement from a negative cash flow of $81,217,441.76 in the previous period[56]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,087,405,670.94, an increase of 0.38% compared to the end of the previous year[12]. - Current liabilities decreased to ¥1,483,624,371.72 from ¥1,553,612,095.63, a reduction of about 4.49%[31]. - Total liabilities decreased to ¥1,724,852,588.53 from ¥1,799,912,743.68, a decrease of about 4.2%[33]. - Shareholders' equity increased to ¥6,362,553,082.41 from ¥6,256,933,791.41, reflecting a growth of approximately 1.68%[33]. - Non-current assets totaled ¥1,893,254,027.01, down from ¥1,942,155,910.03, a decrease of about 2.53%[31]. Operational Highlights - The sales volume of rice increased by 82.64% year-on-year, while the sales volume of wheat decreased by 65.64%[21]. - Research and development expenses surged by 144.27% to ¥10,101,410.02 compared to the same period last year, driven by increased projects in collaboration with agricultural research institutes[21]. - The inventory of rice seeds increased by 61.26% year-on-year, indicating a strategic focus on enhancing production capacity[21]. - The company plans to continue expanding its market presence and investing in new product development to enhance competitiveness in the agricultural sector[25]. Other Financial Metrics - Government subsidies recognized in the current period amounted to ¥8,177,654.08, closely related to the company's normal business operations[15]. - Non-operating income and expenses totaled ¥18,042,957.75, after accounting for various adjustments[15]. - The company reported a significant reduction in employee compensation payable, decreasing to ¥154,236,328.91 from ¥274,012,977.94, a drop of about 43.6%[31]. - Other income for Q1 2020 was approximately CNY 22.91 million, a decrease of 62.9% from CNY 61.71 million in Q1 2019[43].