智慧农业(000816) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥242,235,085.56, a decrease of 32.39% compared to ¥358,260,611.70 in the same period last year[9]. - Net profit attributable to shareholders was ¥4,355,119.50, an increase of 40.39% from ¥3,102,213.16 year-on-year[9]. - The basic earnings per share increased by 40.91% to ¥0.0031 from ¥0.0022 in the previous year[9]. - Operating revenue decreased by 32.39% compared to the previous period, primarily due to the impact of the pandemic on domestic market demand and delays in export order deliveries[19]. - Total operating revenue for Q1 2020 was CNY 57,572,306.14, a decrease of 33.5% compared to CNY 86,517,977.54 in the same period last year[43]. - Net profit for Q1 2020 reached CNY 4,254,242.88, compared to CNY 916,434.77 in Q1 2019, representing a significant increase[41]. - Operating profit for Q1 2020 was CNY 599,328.73, up from CNY 476,117.86 in the previous year, indicating a growth of 25.8%[43]. - The company reported a total operating cost of CNY 241,011,605.36, down from CNY 363,869,850.67 in the previous year, reflecting a reduction of 33.8%[43]. - The company achieved investment income of CNY 1,617,201.14, compared to CNY 2,461,507.70 in the same quarter last year, a decrease of 34.3%[43]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,823,451,263.44, a slight decrease of 0.21% from ¥3,831,660,039.26 at the end of the previous year[9]. - The company's total assets amounted to 3,823,451,263.44 yuan as of March 31, 2020, compared to 3,831,660,039.26 yuan at the end of 2019[31]. - The total current assets decreased to CNY 1,750,610,893.67 from CNY 1,777,314,992.34, reflecting a decline of approximately 1.5%[35]. - The total liabilities decreased slightly to CNY 1,462,628,123.71 from CNY 1,473,115,560.91, indicating a reduction of about 0.7%[34]. - The company's total equity increased to CNY 2,360,823,139.73 from CNY 2,358,544,478.35, showing a marginal growth of 0.1%[34]. - The company's total liabilities included short-term borrowings of 256 million yuan and accounts payable of 484,137,099.54 yuan as of March 31, 2020[32]. - The total liabilities and equity remained stable at CNY 3,823,451,263.44 compared to CNY 3,831,660,039.26, indicating a slight decrease of about 0.2%[34]. Cash Flow - The company reported a net cash flow from operating activities of -¥39,265,761.41, an improvement from -¥46,370,739.87 in the previous year[9]. - Cash inflow from operating activities was CNY 250,742,677.01, down from CNY 306,414,358.44 in the previous year, a decline of 18.2%[46]. - The net cash flow from operating activities was -39,265,761.42 CNY in Q1 2020, compared to -46,370,739.87 CNY in Q1 2019, showing an improvement of approximately 15%[47]. - The cash inflow from operating activities totaled 50,554,068.19 CNY in Q1 2020, compared to 61,096,230.30 CNY in Q1 2019, representing a decline of approximately 17.3%[50]. - The net cash flow from investing activities was -1,584,431.25 CNY in Q1 2020, compared to -20,570,435.46 CNY in Q1 2019, indicating a substantial improvement[47]. - The cash flow from investment activities showed a net inflow of 1,282,625.81 CNY in Q1 2020, compared to a net outflow of -14,623,201.28 CNY in Q1 2019, indicating a positive turnaround[51]. Operational Changes - The company decided to divest its coal business and shut down its wholly-owned subsidiary, aiming to expedite asset liquidation[18]. - The mining license for the subsidiary's lead-zinc mine is currently under renewal procedures, with normal operations ongoing[18]. - The company received government subsidies amounting to ¥164,000.00 during the reporting period[10]. - The company executed a new revenue recognition standard, reclassifying advance receipts to contract liabilities[57]. Shareholder Information - The weighted average return on net assets increased by 0.10 percentage points to 0.20% from 0.10% in the previous year[9]. - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[20]. - The company reported no derivative investments during the reporting period[24]. - The company’s chairman is Xiang Zhipeng[60].