丰乐种业(000713) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was ¥569,690,045.61, representing a 25.68% increase compared to ¥453,277,830.38 in the same period last year[8] - Net profit attributable to shareholders was ¥36,582,733.89, a significant increase of 136.51% from ¥15,467,865.83 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥35,397,176.49, up 144.00% from ¥14,507,152.89 in the previous year[8] - The basic earnings per share increased by 114.48% to ¥0.1111 from ¥0.0518 in the same period last year[8] - The weighted average return on equity rose to 2.30%, an increase of 1.15% compared to 1.15% in the previous year[8] - Total operating revenue for Q1 2019 reached CNY 569,690,045.61, an increase of 25.7% compared to CNY 453,277,830.38 in the same period last year[37] - Net profit for Q1 2019 was CNY 36,957,197.93, representing a significant increase of 140.6% from CNY 15,344,038.58 in Q1 2018[38] - Earnings per share (EPS) for Q1 2019 was CNY 0.1111, compared to CNY 0.0518 in the previous year[39] - The company reported a gross profit margin of approximately 6.98% for Q1 2019, compared to 4.0% in the same period last year[37] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,466,354,706.92, a slight increase of 0.98% from ¥2,442,500,511.80 at the end of the previous year[8] - Net assets attributable to shareholders increased by 5.31% to ¥1,659,696,015.97 from ¥1,576,035,755.11 at the end of the previous year[8] - Total current assets amounted to CNY 1,445,195,161.06, a slight increase from CNY 1,429,051,586.85 on December 31, 2018, representing a growth of approximately 1.84%[27] - Total non-current assets reached CNY 1,021,159,545.86, up from CNY 1,013,448,924.95, reflecting a growth of about 0.07%[28] - Current liabilities decreased to CNY 753,634,952.68 from CNY 764,401,316.46, a reduction of about 1.08%[29] - Total liabilities amounted to CNY 806,658,690.95, down from CNY 818,866,802.41, indicating a decrease of approximately 1.49%[29] - The company's equity attributable to shareholders increased to CNY 1,611,723,597.65 from CNY 1,576,035,755.11, representing a growth of about 2.24%[30] Cash Flow - The net cash flow from operating activities improved by 65.05%, reaching -¥24,379,742.91 compared to -¥70,108,867.89 in the same period last year[8] - Cash inflow from operating activities totaled CNY 501,191,948.05, up from CNY 359,571,564.95, representing a growth of approximately 39.2%[46] - Cash outflow from operating activities was CNY 525,571,690.96, compared to CNY 429,680,432.84, resulting in a net cash flow from operating activities of CNY -24,379,742.91, an improvement from CNY -70,108,867.89[46] - Cash inflow from investment activities was CNY 163,649,387.07, while cash outflow was CNY 191,117,147.68, leading to a net cash flow from investment activities of CNY -27,467,760.61[47] - Cash inflow from financing activities was CNY 126,131,396.20, with cash outflow of CNY 95,679,992.62, resulting in a net cash flow from financing activities of CNY 30,451,403.58[47] - The ending balance of cash and cash equivalents was CNY 98,244,531.22, down from CNY 119,734,636.34 at the beginning of the period[47] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,687[10] - The company’s minority shareholders' profit increased by 402.41% to ¥374,464.04, reflecting improved profits from subsidiaries[15] Investments and Acquisitions - The company completed the acquisition of 100% equity in Tonglu Agriculture, which became a wholly-owned subsidiary[18] - The company plans to implement financing for the acquisition within the approved timeframe[18] - Investment cash outflow rose by 104.37% to ¥159,000,000.00, attributed to increased purchases of financial products[15] Other Financial Metrics - The company received government subsidies amounting to ¥680,858.48 during the reporting period[9] - Research and development expenses for Q1 2019 were CNY 5,076,098.95, an increase of 18% from CNY 4,303,245.18 in the previous year[37] - Non-operating income surged by 282.75% to ¥355,311.85, driven by increased non-operating income from Sichuan Tonglu[15] - The company reported a significant increase in other receivables by 124.76% to ¥15,009,906.03, mainly due to increased advances for land demolition[15] - Cash and cash equivalents decreased by 36.34% to ¥123,962,700.71 due to investments in short-term financial products[15] - Accounts receivable increased by 33.45% to ¥282,230,740.36, primarily due to increased receivables in agricultural chemicals business[15] - Inventory levels rose to CNY 762,835,065.27 from CNY 751,286,404.24, indicating an increase of approximately 1.84%[27]