顺鑫农业(000860) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥4,087,770,578.22, representing a 4.63% increase compared to ¥3,907,059,496.43 in the same period last year[14]. - Net profit attributable to shareholders for Q1 2023 was ¥327,872,074.14, a significant increase of 214.40% from ¥104,283,647.52 in the previous year[14]. - Basic earnings per share for Q1 2023 were ¥0.4420, up 214.37% from ¥0.1406 in the same period last year[14]. - Operating profit for the current period was ¥499,708,770.92, significantly up from ¥216,079,921.21 in the previous period, representing an increase of 131.7%[38]. - Net profit attributable to shareholders of the parent company was ¥327,872,074.14, compared to ¥104,283,647.52 in the previous period, marking a rise of 213.5%[38]. - The total comprehensive income for the current period was ¥325,782,115.97, compared to ¥101,974,911.63 in the previous period, indicating a growth of 219.5%[50]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by ¥57,486,880, resulting in a net cash outflow of ¥1,580,529,335.10, which is a 57.16% decline compared to the previous year's outflow of ¥1,005,660,549.39[1][14]. - The cash inflow from operating activities totaled ¥2,289,491,835.19, down from ¥2,984,260,098.06 in the previous year[8][14]. - The company incurred a cash outflow of ¥3,870,021,170.29 from operating activities, compared to ¥3,989,920,647.45 in the same period last year[9][14]. - The net cash flow from financing activities decreased by ¥38,123.79 million, down 86.92% compared to the same period last year, primarily due to increased cash payments for debt repayment[43]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥17,975,690,982.94, down 11.26% from ¥20,255,509,277.15 at the end of the previous year[14]. - The company's equity attributable to shareholders increased to ¥7,405,703,869.77, a 4.63% rise from ¥7,077,831,795.63 at the end of the previous year[14]. - Total liabilities decreased to ¥10,564,822,946.47 from ¥13,170,423,356.65, a reduction of 19.9%[48]. - As of March 31, 2023, total current assets amounted to CNY 12,956,543,653.15, down from CNY 15,184,235,536.61 at the beginning of the year[36]. - Total assets as of March 31, 2023, were CNY 17,975,690,982.94, compared to CNY 20,255,509,277.15 at the beginning of the year[36]. Expenses and Costs - The company reported a decrease in total operating costs to ¥3,587,307,886.92 from ¥3,691,042,471.90, a reduction of 2.8%[38]. - Research and development expenses decreased to ¥7,686,431.98 from ¥8,386,857.17, a decline of 8.3%[38]. Other Financial Metrics - The company had a weighted average return on equity of 4.53% for Q1 2023, compared to 1.33% in the same period last year[14]. - Credit impairment losses for Q1 2023 increased by CNY 816,800, a growth of 1,298.66%, due to the assessment of expected credit risks and losses[31]. - The company has no non-recurring gains or losses to report during the period[16]. - Other current liabilities decreased by ¥26,280.63 million, a drop of 58.33%, mainly due to a reduction in contract liabilities during the reporting period[42]. - As of March 31, 2023, contract liabilities decreased by CNY 202,900.32 million, a decline of 52.50%, due to the fulfillment of contractual obligations and recognition of revenue from prepayments[17]. - As of March 31, 2023, taxes payable decreased by CNY 9,906.73 million, a decrease of 41.13%, primarily due to tax payments made during the reporting period[17].