Financial Performance - The company's operating revenue for Q1 2020 was ¥1,694,255,989.17, a decrease of 34.09% compared to ¥2,570,626,148.23 in the same period last year[8] - Net profit attributable to shareholders was ¥82,984,830.90, down 31.60% from ¥121,325,678.48 year-on-year[8] - Basic and diluted earnings per share were both ¥0.0720, reflecting a decrease of 31.62% from ¥0.1053 in the same period last year[8] - Total profit decreased by 32.30% to ¥87,439,174.28 from ¥129,158,705.74, reflecting a decline in revenue and overall profit[21] - Net profit for the current period is 86,283,471.43, down from 124,242,711.68 in the previous period, representing a decrease of approximately 30.6%[60] - Operating profit for the current period is 91,953,851.38, compared to 130,862,266.02 in the previous period, indicating a decline of about 29.8%[60] - The company's total costs for the current period amount to 1,560,329,563.22, compared to 2,411,333,117.56 in the previous period[60] - The company's total profit for the current period is 87,439,174.28, down from 129,158,705.74 in the previous period, reflecting a decrease of about 32.3%[60] Cash Flow - The net cash flow from operating activities increased significantly to ¥297,500,751.24, compared to a negative cash flow of ¥220,345,085.86 in the previous year, representing a 235.02% improvement[8] - Cash inflow from operating activities totaled 1,934,739,512.35 yuan, down 29.2% from 2,731,544,176.64 yuan in the previous period[72] - Cash outflow for purchasing goods and services was 1,381,884,762.94 yuan, down 48.0% from 2,658,932,461.18 yuan in the previous period[76] - Cash inflow from investment activities was 7,538,102.67 yuan, a decrease of 64.0% compared to 20,933,174.52 yuan in the previous period[76] - Net cash flow from investment activities was -253,124,919.42 yuan, worsening from -181,290,586.47 yuan in the previous period[76] - Cash inflow from financing activities was 175,705,784.63 yuan, compared to 36,279,656.28 yuan in the previous period[78] - Net cash flow from financing activities was 25,778,451.60 yuan, down from 28,489,405.37 yuan in the previous period[78] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,718,173,274.51, a slight decrease of 0.84% from ¥6,775,067,275.86 at the end of the previous year[8] - Total liabilities amount to CNY 2,009,823,707.27, down from CNY 2,151,629,144.87[45] - Current liabilities total CNY 1,002,260,056.55, a decrease from CNY 1,182,003,644.92[45] - Non-current liabilities total CNY 1,007,563,650.72, an increase from CNY 969,625,499.95[45] - The company has a total asset of CNY 6,718,173,274.51, compared to CNY 6,775,067,275.86 in the previous period[45] - Total liabilities were CNY 2,151,629,144.87, with current liabilities at CNY 1,182,003,644.92[92] - Owner's equity totaled approximately $4.51 billion, with capital reserves of approximately $3.02 billion and undistributed profits of about $257.67 million[102] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,570[12] - The largest shareholder, Shenzhen Food Group Co., Ltd., held 63.79% of the shares, amounting to 735,237,253 shares[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[18] Inventory and Receivables - Accounts receivable decreased by 58.03% to ¥142,144,767.60 from ¥338,687,766.68 primarily due to a reduction in government service receivables[21] - Inventory decreased by 6.00% to ¥2,880,942,951.62 from ¥3,064,701,212.14 as the company reduced certain grain and oil stock based on operational needs[21] - Other receivables stand at CNY 967,042,724.66, down from CNY 994,149,247.39[46] Other Financial Metrics - The company reported non-operating income of ¥3,961,666.56 from government subsidies during the reporting period[8] - The company reported a loss from investment in joint ventures of -100,369.43, compared to a gain of 440,377.86 in the previous period[60] - The net loss from asset impairment for the current period is -51,789,926.74, compared to -33,023,355.11 in the previous period, indicating an increase in losses[60] - Total comprehensive income amounted to -13,819,642.60 yuan, compared to -4,078,229.74 yuan in the previous period[71] Changes in Financial Reporting - The first quarter report was not audited, indicating a potential area for further scrutiny in financial reporting[105] - The company has implemented new revenue and lease standards starting from 2020, which may impact future financial results[102]
深粮控股(000019) - 2020 Q1 - 季度财报