顺鑫农业(000860) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was CNY 5,524,406,490.53, representing a 15.93% increase compared to CNY 4,765,197,694.06 in the same period last year[8] - The net profit attributable to shareholders was CNY 352,978,906.14, a decrease of 17.64% from CNY 428,579,787.54 year-on-year[8] - The basic earnings per share decreased to CNY 0.4759, down 17.64% from CNY 0.5778 in the same quarter last year[8] - The company reported a weighted average return on equity of 4.64%, down from 5.41% in the previous year[8] - The net profit for Q1 2020 was CNY 355,620,040.45, a decrease of 41.5% from CNY 607,696,239.05 in Q1 2019[46] - The total comprehensive income for the period was CNY 355,620,040.45, down from CNY 428,696,239.05, indicating a decrease of 17.06%[48] Cash Flow - The net cash flow from operating activities was negative at CNY -858,282,473.90, a decline of 462.80% compared to CNY 236,571,409.97 in the previous year[8] - The cash inflow from operating activities was CNY 4,515,135,137.37, a decrease from CNY 5,232,168,839.49 in the previous year[54] - The cash flow from operating activities showed a net outflow, indicating potential challenges in cash generation from core operations[56] - Total cash outflow from operating activities amounted to ¥5,373,417,611.27, up from ¥4,995,597,429.52, reflecting an increase of about 8%[56] - Cash inflow from financing activities was ¥1,050,000,000.00, down from ¥1,760,000,000.00, representing a decrease of approximately 40%[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 20,393,787,397.97, a decrease of 7.39% from CNY 22,021,558,785.01 at the end of the previous year[8] - The company's total assets as of March 31, 2020, were CNY 20,765,032,159.99, down from CNY 22,267,169,994.05 at the end of 2019[43] - The total liabilities decreased to CNY 11,532,234,167.03 from CNY 13,420,647,132.11 in the previous year[43] - Current liabilities reached CNY 12,037,827,662.36, including short-term borrowings of CNY 3,200,000,000.00[64] - Total liabilities were CNY 14,561,289,851.81, while total equity stood at CNY 7,460,268,933.20[66] Shareholder Information - The company had a total of 28,167 common shareholders at the end of the reporting period, with the largest shareholder holding 38.45% of the shares[11] - The net assets attributable to shareholders increased to CNY 7,785,716,378.86, reflecting a growth of 4.75% from CNY 7,432,737,472.72 at the end of the previous year[8] - The company reported a total of CNY 7,432,737,472.72 in equity attributable to shareholders of the parent company[66] Operational Costs - As of March 31, 2020, operating costs increased by ¥101,720.58 million, a growth of 34.64%, mainly due to sustained high prices for pig purchases during the reporting period[20] - Total operating costs for Q1 2020 were CNY 5,028,986,061.03, up from CNY 4,152,229,424.19 in the same period last year[46] Other Financial Metrics - The company incurred cash outflows of ¥946,068,046.90 in financing activities, compared to ¥767,615,428.31 in the previous year, marking an increase of about 23%[58] - The company reported a credit impairment loss of CNY 1,739,941.12, slightly improved from CNY 1,910,985.34 in the previous year[51] - Research and development expenses were CNY 3,915,435.34, slightly up from CNY 3,788,349.02 year-on-year[51] Changes in Specific Accounts - Long-term receivables decreased by CNY 30 million, a 100% decline, due to the expiration of a financing lease with Everbright Bank[19] - Prepayments decreased by CNY 619,125,430.00, a 100% decline, due to the implementation of new revenue recognition standards[19] - As of March 31, 2020, employee compensation payable decreased by ¥4,916.96 million, a decline of 46.38%, primarily due to the payment of last year's employee bonuses[20] - As of March 31, 2020, tax payable decreased by ¥16,302.50 million, a decline of 39.20%, primarily due to the payment of consumption tax from the previous period[20] Audit Status - The first quarter report was not audited[70]