京基智农(000048) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥414,257,688.63, a decrease of 42.46% compared to ¥719,930,211.46 in the same period last year[8] - Net profit attributable to shareholders was ¥59,393,932.19, down 46.44% from ¥110,883,146.40 year-on-year[8] - Basic earnings per share decreased to ¥0.1476, a drop of 46.42% from ¥0.2755 in the same period last year[8] - Revenue decreased by 42.46% to ¥414,257,688.63 from ¥719,930,211.46 primarily due to a decline in property sales[16] - The total operating profit for Q1 2020 was approximately ¥90 million, a decrease of 41% compared to ¥152 million in the same period last year[42] - The net profit for Q1 2020 was approximately ¥69 million, down 39% from ¥113 million in Q1 2019[42] - The total comprehensive income for Q1 2020 was approximately ¥69 million, compared to ¥113 million in the same period last year, reflecting a decrease of 39%[43] Cash Flow - The net cash flow from operating activities was ¥286,990,215.24, reflecting a significant decline of 70.75% compared to ¥981,186,606.69 in the previous year[8] - Cash flow from operating activities for Q1 2020 was approximately ¥287 million, significantly lower than ¥981 million in Q1 2019, indicating a decline of 71%[45] - The net cash flow from operating activities decreased to ¥228,913,663.18 from ¥1,005,876,729.04, representing a decline of approximately 77.3% year-over-year[50] - Cash flow from investing activities showed a net outflow of approximately ¥187 million in Q1 2020, compared to a net outflow of approximately ¥157 million in the same period last year[46] - Cash flow from financing activities resulted in a net inflow of approximately ¥21.6 million in Q1 2020, contrasting with a net outflow of approximately ¥272 million in Q1 2019[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,918,027,244.52, an increase of 6.89% from ¥6,471,993,600.37 at the end of the previous year[8] - Current liabilities rose to CNY 4,286,698,829.74, compared to CNY 3,963,956,929.56, indicating an increase of about 8.2%[31] - The total liabilities reached CNY 4,432,855,689.87, an increase from CNY 4,094,259,640.94, representing a growth of approximately 8.3%[31] - The company's total equity reached CNY 2,485,171,554.65, up from CNY 2,377,733,959.43, reflecting a growth of approximately 4.5%[32] - The company's total non-current assets amounted to CNY 1,279,473,942.90, up from CNY 1,168,365,803.20, indicating an increase of about 9.5%[30] Shareholder Information - The top shareholder, Jingji Group Co., Ltd., holds 41.65% of the shares, while the second-largest shareholder, Shenzhen Jingji Times Industry Co., Ltd., holds 29.85%[10] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[11] Other Income and Expenses - The company reported non-operating income of ¥7,166,634.59, which includes gains from non-current asset disposals and government subsidies[8] - Investment income increased by 65.63% to ¥9,591,430.84 from ¥5,790,921.16, driven by higher returns from financial products[16] - The income tax expense for Q1 2020 was approximately ¥19 million, down from ¥38 million in Q1 2019, reflecting a decrease of 50%[42] Inventory and Cash Equivalents - The company's inventory decreased slightly to CNY 2,419,425,291.17 from CNY 2,448,152,242.69, a decline of about 1.2%[33] - Cash and cash equivalents increased by 8.07% to ¥1,626,517,319.84 from ¥1,505,032,201.19 due to increased mortgage repayments during the reporting period[16] - Cash and cash equivalents at the end of the period totaled ¥1,492,209,784.98, down from ¥1,874,110,215.07, indicating a decrease of approximately 20.4%[51] Changes in Accounting Standards - The company executed new revenue and leasing standards starting January 1, 2020, impacting the financial statements and retained earnings[54] - The company began implementing new revenue recognition standards on January 1, 2020, affecting the financial statements[60]