京基智农(000048) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 reached ¥6,663,134,945.61, a significant increase of 1,347.36% compared to ¥460,365,527.64 in the same period last year[7] - Net profit attributable to shareholders was ¥1,219,766,615.49, marking a 960.38% increase from a loss of ¥141,770,640.19 in the previous year[7] - The net profit after deducting non-recurring gains and losses was ¥1,249,766,406.78, up 1,183.95% from a loss of ¥115,297,288.53 year-on-year[7] - Basic earnings per share were ¥2.3312, compared to a loss of ¥0.2709 in the same period last year, reflecting a 960.54% increase[7] - The company reported a significant increase in sales expenses, which reached ¥561,984,789.08, up 20,325.49% from ¥2,751,389.38 in the previous year[13] - The company experienced a 130,905.15% increase in tax and additional fees, totaling ¥826,512,434.43 compared to ¥630,900.72 in the same period last year[13] - The company recorded a loss of -¥11,573,187.61 in asset impairment, a 100% decrease compared to the previous year, primarily due to the provision for biological asset impairment in pig farming projects[13] - The company's net profit for the reporting period reached approximately ¥1.22 billion, a significant increase compared to a net loss of approximately ¥138 million in the previous period, representing a turnaround of over 1000%[21] - Operating profit was approximately ¥1.69 billion, compared to an operating loss of approximately ¥130 million in the previous period, indicating a substantial improvement[21] - The total profit amounted to approximately ¥1.68 billion, contrasting with a total loss of approximately ¥139 million in the prior period, showcasing a strong recovery[21] - The total comprehensive income for the period was approximately ¥1.22 billion, compared to a comprehensive loss of approximately ¥138 million in the previous period, reflecting a positive shift[21] - The company has reported a tax expense of approximately ¥458 million, compared to a tax benefit of approximately ¥1.1 million in the previous period, reflecting a shift to profitability[21] - The company’s other comprehensive income after tax was approximately ¥705 million, compared to ¥188 million in the previous period, indicating improved financial health[21] Assets and Liabilities - The company's total assets decreased by 22.11% to ¥13,659,560,718.72 from ¥17,536,045,755.10 at the end of the previous year[7] - Shareholders' equity attributable to the parent company increased by 46.53% to ¥3,843,299,219.54 from ¥2,622,827,542.76 at the end of the previous year[7] - Total current liabilities decreased to ¥8,130,255,891.95 from ¥13,561,063,742.61, a reduction of about 40%[40] - Cash and cash equivalents at the end of the period were ¥1,554,383,838.37, down from ¥3,078,996,655.61, indicating a decrease of approximately 49%[37] - Long-term equity investments amounted to ¥15,425,376.88, unchanged from the previous period[40] - Fixed assets increased to ¥5,840,914,133.15 from ¥4,822,700,854.07, representing an increase of approximately 21%[40] - Contract liabilities decreased significantly to ¥2,096,617,121.75 from ¥6,889,624,354.95, a decline of about 70%[40] Cash Flow - The net cash flow from operating activities was negative at -¥379,544,600.52, a decline of 231.28% compared to ¥289,115,016.67 in the same period last year[7] - The company reported a net cash flow from operating activities that did not increase in tandem with net profit, primarily due to significant revenue recognition from the Shanhai Yuyuan project, with corresponding sales proceeds received prior to the reporting period[31] - Cash inflow from operating activities totaled ¥2,058,532,835.73, up from ¥1,545,118,586.00 in the last period, reflecting an increase of about 33%[46] - Cash outflow from operating activities increased to ¥2,438,077,436.25, compared to ¥1,256,003,569.33 in the previous period, marking a rise of approximately 94%[46] - Net cash outflow from investing activities was ¥621,022,408.97, compared to an outflow of ¥604,473,233.30 in the previous period[37] - Net cash inflow from financing activities was ¥425,522,445.99, contrasting with a net outflow of ¥120,858,700.63 in the previous period[37] - Cash inflow from investment activities was ¥29,129,542.18, a significant drop from ¥3,000,446,747.92 in the last period[46] - The company paid ¥650,151,951.15 for the acquisition of fixed assets, intangible assets, and other long-term assets, compared to ¥603,567,254.64 in the previous period[46] Shareholder Information - The company’s major shareholder, Jingji Group Co., Ltd., holds a 38.07% stake, while the second-largest shareholder, Shenzhen Jingji Times Industrial Co., Ltd., holds 29.85%[28] - The top ten shareholders collectively hold significant stakes, with the largest shareholder having over 199 million shares, indicating strong institutional support[28] Research and Development - Research and development expenses for the current period were ¥9,118,047.87, up from ¥7,408,095.50, showing an increase of about 23%[42] Market Strategy - The company is actively exploring market expansion and new strategies, although specific details on new products or technologies were not disclosed in the report[29]