丰乐种业(000713) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥629,401,208.38, representing a 14.95% increase compared to ¥547,558,392.20 in the same period last year[9] - Net profit attributable to shareholders decreased by 34.49% to ¥13,736,211.56 from ¥20,966,887.01 year-on-year[9] - The net profit after deducting non-recurring gains and losses fell by 41.37% to ¥11,673,006.36 compared to ¥19,909,973.67 in the previous year[9] - Basic earnings per share decreased by 34.52% to ¥0.0313 from ¥0.0478 year-on-year[9] - Net profit attributable to shareholders decreased by 34.49% to approximately $13.74 million, primarily due to increased taxes, R&D expenses, and minority interests[17] - Net profit for the quarter was CNY 15,469,624.42, a decrease from CNY 19,412,978.60 in the same period last year, representing a decline of approximately 20.0%[42] - The company reported a total comprehensive income of CNY 15,469,624.42, compared to CNY 19,412,978.60 in the previous year[43] - The total comprehensive income for the first quarter was -11,792,324.09 CNY, compared to -4,425,534.58 CNY in the previous period, indicating a decline[50] Cash Flow - The net cash flow from operating activities was negative at -¥149,263,991.63, a decline of 59.80% from -¥93,406,887.04 in the same period last year[9] - Cash inflow from operating activities totaled 489,469,941.39 CNY, up from 478,266,806.60 CNY year-over-year, reflecting a growth of approximately 2.52%[50] - The net cash flow from operating activities was -149,263,991.63 CNY, worsening from -93,406,887.04 CNY in the previous year[51] - Cash inflow from investment activities was 299,660,347.67 CNY, significantly higher than 163,570,956.49 CNY in the prior period, marking an increase of about 83.06%[51] - The net cash flow from investment activities improved to 166,591,444.91 CNY from 33,994,015.90 CNY year-over-year[51] - Cash inflow from financing activities was 318,615,874.62 CNY, compared to 221,116,864.51 CNY in the previous year, representing a growth of approximately 44.1%[51] - The net cash flow from financing activities was -10,761,717.44 CNY, a decline from a positive 21,990,005.85 CNY in the previous year[51] - The ending balance of cash and cash equivalents was 77,973,507.98 CNY, down from 93,433,269.62 CNY in the previous year[51] - The company reported a total cash outflow from operating activities of 638,733,933.02 CNY, compared to 571,673,693.64 CNY in the previous period, indicating an increase of approximately 11.7%[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,710,232,356.16, an increase of 2.02% from ¥2,656,602,166.06 at the end of the previous year[9] - Total liabilities decreased to CNY 305,405,136.86 from CNY 363,119,401.49, indicating a reduction of about 15.9%[41] - Current liabilities totaled ¥858,210,785.93, slightly up from ¥856,599,829.41, showing a marginal increase of 0.2%[34] - The total assets of the company were CNY 1,845,081,366.41, down from CNY 1,914,889,955.13[41] Shareholder Information - Net assets attributable to shareholders increased by 0.68% to ¥1,725,121,171.15 from ¥1,713,493,464.28 at the end of the previous year[9] - The total number of common shareholders at the end of the reporting period was 110,304[13] - The total equity attributable to shareholders increased to ¥1,725,121,171.15 from ¥1,713,493,464.28, reflecting a growth of approximately 0.7%[35] Research and Development - Research and development expenses increased by 52.70% to approximately $11.39 million, reflecting higher investments in the company's technology center[17] - Research and development expenses increased to CNY 11,387,540.91, compared to CNY 7,457,457.08 in the prior year, reflecting a growth of approximately 52.5%[41] Other Financial Activities - The company reported non-recurring gains of ¥2,063,205.20, which included government subsidies and other income[10] - Trading financial assets decreased by 100% to 0 due to the redemption of financial products during the period[17] - The company has engaged in entrusted financial management, with an amount of 20,107,000 yuan from its own funds[27] - There are no violations regarding external guarantees during the reporting period[28] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[29] - The company has not conducted any research, communication, or interview activities during the reporting period[30] Capital Expenditures and Investments - The company has ongoing projects in construction, with capitalized costs rising to ¥51,834,542.17 from ¥36,632,245.08, an increase of about 41.3%[33] - Short-term borrowings decreased by 32.73% to approximately $116.27 million, mainly due to reduced bank loans[17] Compensation and Commitments - The company received 90% of the compensation for the recovery of state-owned land use rights, totaling approximately $2.14 million[19] - The company reported a total repurchase price of 1 yuan for compensation shares, with cash compensation if shares are insufficient[21] - The company has committed to full compensation for losses caused by the inability to process property rights documents, with a focus on real estate and land rights[22] - The company has delayed the performance deadline for certain commitments from December 31, 2020, to December 31, 2021, due to the impact of the COVID-19 pandemic[23] Audit and Compliance - The company did not undergo an audit for the first quarter report[55]