顺鑫农业(000860) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥5,485,544,794.89, a decrease of 0.70% compared to ¥5,524,406,490.53 in the same period last year[8] - Net profit attributable to shareholders for Q1 2021 was ¥373,201,085.89, an increase of 5.73% from ¥352,978,906.14 in the previous year[8] - Basic earnings per share for Q1 2021 were ¥0.5031, up 5.72% from ¥0.4759 in the previous year[8] - Total operating revenue for Q1 2021 was CNY 5,485,544,794.89, a decrease of 0.7% compared to CNY 5,524,406,490.53 in Q1 2020[44] - Net profit for Q1 2021 was CNY 379,923,970.69, an increase of 3.5% compared to CNY 366,620,040.45 in Q1 2020[46] - The net profit for the first quarter of 2021 was CNY 442,112,096.71, an increase of 14.5% compared to CNY 386,275,131.02 in the same period last year[50] - Operating revenue reached CNY 5,138,741,545.06, slightly up from CNY 5,121,200,509.38 year-over-year, indicating a growth of 0.34%[50] - The total comprehensive income for the period was CNY 442,112,096.71, an increase of 14.5% from CNY 386,275,131.02 year-over-year[52] Cash Flow - The net cash flow from operating activities was -¥1,205,876,128.31, representing a decline of 40.50% compared to -¥858,282,473.90 in the same period last year[8] - Cash inflow from operating activities totaled CNY 4,345,179,522.63, down from CNY 4,515,135,137.37 in the previous year, a decrease of 3.8%[53] - The total cash outflow from operating activities amounted to 5,551,055,650.94 CNY, up from 5,373,417,611.27 CNY year-over-year[55] - The net cash flow from financing activities increased by ¥18,350.01 million, a growth of 176.56% due to increased cash from borrowings[20] - Cash inflow from financing activities was 1,205,384,700.60 CNY, an increase from 1,050,000,000.00 CNY in the previous year[55] - The net cash flow from financing activities was 287,432,045.61 CNY, compared to 103,931,953.10 CNY in the same period last year, showing significant improvement[57] Assets and Liabilities - Total assets at the end of Q1 2021 were ¥20,623,764,853.75, a decrease of 4.84% from ¥21,673,379,639.15 at the end of the previous year[8] - The company's total assets as of March 31, 2021, were CNY 21,861,438,162.25, a decrease from CNY 22,870,761,048.72 at the end of 2020[41] - The company's total liabilities decreased to ¥12,477,257,212.93 from ¥13,900,915,969.02, a decline of 10.23%[37] - The total liabilities decreased to CNY 11,914,816,130.83 from CNY 13,366,251,114.01 at the end of 2020[43] - Total liabilities reached CNY 13,900,915,969.02, with current liabilities at CNY 11,221,728,551.85 and non-current liabilities at CNY 2,679,187,417.17[63] - The company's net assets attributable to shareholders increased by 4.82% to ¥8,114,682,295.35 from ¥7,741,481,209.45 at the end of the previous year[8] Expenses - Total operating costs for Q1 2021 were CNY 4,983,494,810.62, down from CNY 5,028,986,061.03 in the same period last year[46] - Research and development expenses increased by ¥269.45 million, a growth of 68.82% compared to the same period last year[20] - Research and development expenses increased to CNY 6,609,960.69 from CNY 3,915,435.34 in Q1 2020, reflecting a focus on innovation[46] - The company reported a decrease in sales expenses to CNY 218,782,725.67 from CNY 262,705,112.47, a reduction of 16.7%[50] - The financial expenses showed a significant improvement, with a net financial income of CNY -29,045,295.70 compared to CNY 6,597,823.11 in the previous year[50] Inventory and Receivables - Accounts receivable notes increased by ¥383,457,600, a growth of 101.24% due to increased support for distributors to develop new markets[18] - The company's accounts receivable increased to ¥762,204,083.87 from ¥378,746,526.07, a growth of 101.01%[33] - The company's inventory decreased to ¥6,840,799,775.76 from ¥7,290,874,326.57, a decline of 6.17%[33] - Inventory decreased to CNY 1,372,024,379.41 from CNY 1,691,636,557.33 at the end of 2020[40] Other Information - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[15] - The company reported no non-recurring gains or losses that were classified as recurring during the reporting period[8] - The company has not undergone an audit for the first quarter report[68] - The company has not applied the new leasing standards for retrospective adjustments[68]