丰乐种业(000713) - 2019 Q1 - 季度财报

Financial Performance - The company's operating 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 for Q1 2019 was ¥36,582,733.89, a significant increase of 136.51% from ¥15,467,865.83 in the previous 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 year-on-year[8] - The basic earnings per share for Q1 2019 was ¥0.1111, an increase of 114.48% compared to ¥0.0518 in the same period last year[8] - Total operating revenue for Q1 2019 was CNY 569,690,045.61, an increase of 25.7% compared to CNY 453,277,830.38 in the same period last year[36] - Net profit for Q1 2019 reached CNY 36,957,197.93, representing a significant increase of 140.6% from CNY 15,344,038.58 in Q1 2018[38] - Basic earnings per share for Q1 2019 were CNY 0.1111, up from CNY 0.0518 in Q1 2018, indicating improved profitability per share[39] - The company reported a gross profit margin of approximately 6.5% for Q1 2019, compared to 5.9% in the same period last year, indicating improved operational efficiency[36] Assets and Liabilities - The company's 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] - The 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] - Current assets increased to CNY 1,445,195,161.06 as of March 31, 2019, compared to CNY 1,429,051,586.85 at the end of 2018, reflecting a growth of approximately 1.83%[27] - Total non-current assets amounted to CNY 1,021,159,545.86, slightly up from CNY 1,013,448,924.95, representing an increase of about 0.07%[28] - Total liabilities decreased to CNY 806,658,690.95 from CNY 818,866,802.41, indicating a reduction of approximately 1.49%[29] - Owner's equity increased to CNY 1,659,696,015.97 from CNY 1,623,633,709.39, showing a growth of about 2.22%[30] Cash Flow - The net cash flow from operating activities improved to -¥24,379,742.91, a 65.05% improvement from -¥70,108,867.89 in the same period last year[8] - Operating cash inflow increased by 39.39% to ¥501,191,948.05, mainly driven by higher sales revenue[15] - Cash inflow from operating activities totaled CNY 501,191,948.05, up from CNY 359,571,564.95 in the previous period[46] - Cash outflow from operating activities was CNY 525,571,690.96, compared to CNY 429,680,432.84 in the prior period, resulting in a net cash flow from operating activities of CNY -24,379,742.91[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] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,687[11] - The largest shareholder, Hefei Construction Investment Holding (Group) Co., Ltd., held 30.97% of the shares, totaling 101,941,200 shares[11] Investments and Future Plans - The company plans to implement financing for the acquisition of 100% equity in Tonglu Agriculture, with a maximum fundraising of ¥185,000,000[17] - The company is focusing on expanding its non-current assets, particularly in fixed assets and development expenditures, which are crucial for future growth[33] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[36] 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 from CNY 4,303,245.18 in the previous year, highlighting ongoing investment in innovation[36] - Non-operating income increased by 282.75% to ¥355,311.85, attributed to higher non-operating income from Sichuan Tonglu[15] - The company’s minority shareholders' profit increased by 402.41% to ¥374,464.04, reflecting improved profits from subsidiaries[15]