远大控股(000626) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥17,076,716,532.60, a decrease of 4.44% compared to ¥17,870,174,057.49 in the same period last year[3] - Net profit attributable to shareholders was ¥11,149,720.14, down 81.15% from ¥59,136,325.01 year-on-year[3] - Basic and diluted earnings per share were both ¥0.02, down 83.33% from ¥0.12 in the same period last year[3] - Net profit for the current period is ¥21,081,266.64, a decline of 75.32% compared to ¥85,520,902.55 in the previous period[26] - The total profit for the current period is ¥42,377,029.34, a decrease of 59.93% from ¥105,741,516.00 in the previous period[26] - Other comprehensive income after tax for the current period is -¥8,251,074.04, contrasting with a gain of ¥180,619.84 in the previous period[26] Cash Flow - The net cash flow from operating activities was -¥1,191,402,355.34, representing a decline of 446.84% compared to -¥217,869,955.55 in the previous year[3] - The company reported a net cash outflow from operating activities of ¥1,191,402,355.34, compared to an outflow of ¥217,869,955.55 in the previous period[28] - The net cash flow from investing activities surged by 393.90% to ¥606,518,752.47, primarily due to cash received from redeeming financial products[8] - The company achieved an investment activity net cash inflow of ¥606,518,752.47, compared to ¥122,802,991.70 in the previous period[29] Assets and Liabilities - Total assets increased by 11.31% to ¥8,491,495,668.20 from ¥7,628,880,311.03 at the end of the previous year[3] - The company's total liabilities increased to CNY 5,379,197,029.33 from CNY 4,529,411,864.76, representing a rise of about 18.7%[23] - Cash and cash equivalents decreased to CNY 3,015,439,025.36 from CNY 3,132,935,277.32, a decline of about 3.8%[21] - Total current assets reached CNY 7,463,608,184.35, up from CNY 6,605,743,041.89, showing an increase of approximately 13.0%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,794[10] - China Yuanda Group holds 41.17% of shares, totaling 209,522,100 shares[10] - The company repurchased shares as part of its strategy to enhance shareholder value, with announcements made on April 7, 2022[19] Business Strategy and Expansion - The company has over 30 subsidiaries and is expanding its business in multiple countries and regions[12] - The company has established strategic partnerships with several Fortune 500 companies in the bulk commodity trading sector[13] - In April 2022, the company acquired 80% of Guangdong Hongxin Food Co., Ltd., entering the specialty oil sector[14] - The company is transitioning its business model from single trade profit to integrated supply chain services[13] - The company aims to contribute to national food security and green development through its operations[12] - The acquisition of Shaanxi Maikelo Biotechnology Co., Ltd. is currently under audit and evaluation, with uncertainty regarding its implementation[16] Operational Metrics - The company experienced a 50.30% reduction in selling expenses, totaling ¥54,922,876.93, attributed to lower employee compensation[8] - The weighted average return on equity decreased to 0.39% from 2.22% in the previous year[3] - The company reported a significant increase in accounts receivable, which rose by 101.79% to ¥1,226,554,136.84 due to higher shipment volumes[7] - Inventory levels increased by 58.99% to ¥1,355,174,429.56, driven by expectations of rising product prices[7] - Short-term borrowings surged to CNY 811,956,391.57 from CNY 390,671,110.81, an increase of approximately 108.5%[22]