京粮控股(000505) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥2,338,783,061.35, representing a 36.03% increase compared to ¥1,719,261,111.71 in the same period last year[7]. - Net profit attributable to shareholders was ¥36,585,077.36, up 32.29% from ¥27,655,045.32 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥32,694,567.66, reflecting a 37.78% increase from ¥23,730,342.72 in the previous year[7]. - The basic earnings per share increased by 25.00% to ¥0.05 from ¥0.04 in the same period last year[7]. - The company reported a net profit of CNY 223,618,840.62 for the period, up from CNY 187,033,763.26, indicating a growth of approximately 19.5%[34]. - The profit attributable to shareholders of the parent company was ¥36,585,077.36, compared to ¥27,655,045.32 in the previous year, marking a growth of 32%[41]. - The company reported a total comprehensive income of ¥42,165,637.22 for Q1 2021, compared to ¥39,826,900.08 in the previous year[42]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,684,487,935.29, a slight decrease of 0.19% from ¥5,695,504,493.73 at the end of the previous year[7]. - As of March 31, 2021, total current assets amounted to CNY 3,387,575,255.09, slightly increasing from CNY 3,386,429,770.43 as of December 31, 2020[31]. - Total non-current assets decreased to CNY 2,296,912,680.20 from CNY 2,309,074,723.30, a decline of about 0.5%[32]. - Total liabilities decreased to CNY 2,543,148,794.71 from CNY 2,596,330,990.37, reflecting a reduction of approximately 2.0%[33]. - The company's total equity increased to CNY 3,141,339,140.58 from CNY 3,099,173,503.36, marking an increase of about 1.4%[34]. - Total current liabilities stood at CNY 2,456,821,355.81, with no adjustments noted[58]. - Total liabilities amounted to CNY 2,596,330,990.37, with a minor adjustment of CNY 2,614,541.09[58]. Cash Flow - The net cash flow from operating activities decreased by 16.47% to ¥274,757,224.16 from ¥328,948,834.32 year-on-year[7]. - The total cash inflow from operating activities was CNY 3,225,764,207.20, an increase of 46.0% compared to CNY 2,207,356,922.94 in the previous period[48]. - The total cash outflow from operating activities was CNY 2,951,006,983.04, an increase of 57.1% compared to CNY 1,878,408,088.62 in the previous period[49]. - Cash and cash equivalents increased significantly to CNY 638,272,610.63 from CNY 335,466,169.61, representing an increase of approximately 90.4%[31]. - Cash and cash equivalents at the end of the period totaled CNY 637,195,458.43, a decrease of 42.5% from CNY 1,105,379,819.57 at the end of the previous period[50]. - The cash flow from financing activities resulted in a net outflow of CNY 3,206,950.40, compared to a net inflow of CNY 32,599,716.03 in the previous period[50]. Research and Development - The company reported an increase in R&D expenses due to more new product development projects compared to the same period last year[16]. - Research and development expenses increased to ¥2,417,187.46 from ¥526,336.27, indicating a rise of over 358% year-over-year[40]. Investments and Joint Ventures - The company signed a joint venture agreement with China National Grain and Oils Group Corporation for the Yueyang oil processing project on December 31, 2020, and is actively advancing the establishment of the joint venture[17]. - The company’s derivative investments in agricultural futures had a starting investment amount of CNY 25,014.36 million, with a year-end value of CNY 23,798.9 million, resulting in a loss of CNY 20,727.38 million[20]. - The company’s foreign exchange forward contracts had a starting investment amount of CNY 13,336.81 million, with a year-end value of CNY 40,543.15 million, resulting in a loss of CNY 18.51 million[20]. - The total amount of entrusted financial management was CNY 30,300 million, with an outstanding balance of CNY 1,000 million[24]. Compliance and Governance - The company does not anticipate significant changes in net profit for the first half of 2021 compared to the same period last year[23]. - The company has not reported any violations regarding external guarantees during the reporting period[25]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[25]. - The company has established risk control measures for derivative trading, including management systems for commodity and financial derivatives[21]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[41].