顺鑫农业(000860) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥3,907,059,496.43, a decrease of 28.78% compared to ¥5,485,544,794.89 in the same period last year[2] - Net profit attributable to shareholders was ¥104,283,647.52, down 72.06% from ¥373,201,085.89 year-on-year[2] - Basic earnings per share decreased by 72.05% to ¥0.1406 from ¥0.5031 in the previous year[2] - Total operating revenue for the current period is approximately ¥3.91 billion, a decrease of 29% from ¥5.49 billion in the previous period[18] - Net profit for the current period is approximately ¥101.97 million, a decrease of 73% compared to ¥379.92 million in the previous period[18] - The company reported a basic earnings per share of ¥0.1406, down from ¥0.5031 in the previous period[19] Cash Flow and Liquidity - The net cash flow from operating activities improved by 16.60%, amounting to -¥1,005,660,549.39 compared to -¥1,205,876,128.31 in the same period last year[2] - Cash flow from operating activities shows a net outflow of approximately ¥1.01 billion, an improvement from a net outflow of ¥1.21 billion in the previous period[21] - The net increase in cash and cash equivalents for the period was approximately -¥587.31 million, an improvement from -¥951.52 million year-over-year[22] - The beginning balance of cash and cash equivalents was approximately ¥7.56 billion, compared to ¥8.74 billion at the start of the previous year[22] - The ending balance of cash and cash equivalents was approximately ¥6.97 billion, down from ¥7.79 billion year-over-year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,635,330,983.29, a decrease of 3.90% from ¥19,392,497,386.66 at the end of the previous year[2] - The company's current assets totaled CNY 13,531,082,424.07, down from CNY 14,216,085,410.15 at the start of the year, indicating a decline of approximately 4.8%[14] - Total liabilities decreased to CNY 10,740,579,534.49 from CNY 11,599,720,849.49, a reduction of approximately 7.4%[16] - The company's equity attributable to shareholders increased to CNY 7,873,890,240.64 from CNY 7,769,606,593.12, reflecting an increase of about 1.3%[16] Expenses - Sales expenses increased by 40.26% to ¥32,000,000, attributed to higher promotional and advertising expenditures[4] - The company incurred sales expenses of approximately ¥337.42 million, an increase of 40% from ¥240.56 million in the previous period[18] - Research and development expenses increased to approximately ¥8.39 million from ¥6.61 million in the previous period, reflecting a growth of 27%[18] Contract Liabilities and Receivables - The company's receivables increased by 39.83% to ¥162,586,400 from the end of 2021, due to increased support for distributors in new market development[4] - Contract liabilities decreased by 48.06% to ¥123,497,480, primarily due to the recognition of revenue from prepayments as distributors took delivery of goods[4] - The company reported a decrease in contract liabilities from CNY 2,569,815,341.92 to CNY 1,334,840,544.25, a significant decline of about 48.0%[16] - Accounts receivable increased to CNY 570,786,435.00 from CNY 408,200,000.00, representing a growth of approximately 39.7%[12] Operating Costs - The company reported a 32.72% decrease in operating costs, amounting to ¥262,000,000, due to lower revenue compared to the previous year[4] - Total operating costs for the current period are approximately ¥3.69 billion, down 26% from ¥4.98 billion in the previous period[18] Other Financial Metrics - The weighted average return on equity was 1.33%, down 3.38% from 4.71% in the same period last year[2] - The tax expenses for the current period are approximately ¥113.88 million, slightly down from ¥120.43 million in the previous period[18] - The company raised approximately ¥900 million through financing activities, a decrease from ¥1.21 billion in the previous period[21] - The net cash flow from financing activities was approximately ¥438.63 million, an increase from ¥287.43 million in the previous year[22] Audit Status - The first quarter report was not audited[23]