神农集团(605296) - 2022 Q1 - 季度财报

Financial Performance - Revenue for Q1 2022 was CNY 553,117,885.90, a decrease of 35.89% compared to the same period last year[2] - Net profit attributable to shareholders was a loss of CNY 150,005,491.81, down 147.71% year-over-year[2] - Basic earnings per share were CNY -0.37, representing a decrease of 142.53% year-over-year[2] - Total operating revenue for Q1 2022 was ¥553,117,885.90, a decrease of 35.8% compared to ¥862,801,080.58 in Q1 2021[20] - Net profit for Q1 2022 was a loss of ¥150,005,491.81, compared to a net profit of ¥314,381,608.26 in Q1 2021[22] - Operating profit for Q1 2022 was a loss of ¥144,075,367.75, a significant decline from a profit of ¥322,355,567.61 in Q1 2021[21] - Earnings per share for Q1 2022 was -0.37, compared to 0.87 in Q1 2021[22] - Net profit for Q1 2022 was CNY 7,816,544.44, a decrease of 6.4% compared to CNY 8,347,892.28 in Q1 2021[29] Cash Flow and Assets - Net cash flow from operating activities was a negative CNY 50,986,565.02, a decline of 16.63% compared to the previous year[2] - Cash inflow from operating activities totaled 544,148,818.98 RMB, down 34.7% from 833,708,110.32 RMB in the previous year[23] - Cash outflow from operating activities was 595,135,384.00 RMB, a decrease of 32.2% compared to 877,423,697.69 RMB in Q1 2021[23] - Total assets at the end of the reporting period were CNY 4,889,862,630.80, down 5.42% from the end of the previous year[3] - The company's current assets totaled RMB 2,390,573,476.02 as of March 31, 2022, down from RMB 2,709,785,589.20 at the end of December 2021, indicating a decrease of about 11.8%[17] - Cash and cash equivalents decreased to RMB 812,823,972.67 from RMB 1,080,171,699.17, representing a decline of approximately 25%[17] - Total liabilities decreased to ¥543,655,770.79 in Q1 2022 from ¥673,597,626.60 in Q1 2021, a reduction of 19.3%[21] - Total current liabilities decreased to RMB 391,194,249.04 from RMB 528,260,463.73, reflecting a decline of about 26%[18] Costs and Expenses - Total operating costs increased to ¥649,706,518.32 in Q1 2022, up 19.6% from ¥543,264,940.49 in Q1 2021[21] - Research and development expenses rose to ¥7,270,306.41 in Q1 2022, up 27% from ¥5,733,734.11 in Q1 2021[21] - The company reported a decrease in sales expenses to CNY 1,622,623.56 in Q1 2022, down from CNY 2,119,933.43 in Q1 2021[28] Shareholder Equity - Shareholders' equity attributable to the parent company was CNY 4,346,206,860.01, a decrease of 3.34% compared to the previous year[3] - Total equity attributable to shareholders decreased to ¥4,346,206,860.01 in Q1 2022 from ¥4,496,212,351.82 in Q1 2021, a decline of 3.3%[21] Other Significant Events - The decline in revenue was primarily due to a drop in pig prices[7] - The decrease in net profit was attributed to falling pig prices and rising raw material costs[7] - The company completed the deregistration of its wholly-owned subsidiary, Yunnan Shennong Breeding Co., Ltd., on March 25, 2022[13] - The company is involved in a lawsuit regarding mining rights, with the case accepted by the Anning People's Court[15][16]