双汇发展(000895) - 2022 Q1 - 季度财报

Financial Performance - The company's total revenue for Q1 2022 was ¥13.76 billion, a decrease of 24.73% compared to ¥18.28 billion in the same period last year[1] - Net profit attributable to shareholders was ¥1.46 billion, representing a slight increase of 1.34% from ¥1.44 billion year-on-year[1] - The net cash flow from operating activities was negative at -¥228.13 million, a decline of 116.25% compared to ¥1.40 billion in the previous year[1] - The total external sales volume of meat products reached 760,000 tons, an increase of 1.8% year-on-year[4] - The company's weighted average return on equity rose to 6.20%, up from 5.89% in the same period last year[1] - The company reported a total revenue of 1,379,119.05 million RMB, with the meat products segment contributing 679,682.75 million RMB and the slaughtering segment contributing 601,709.82 million RMB[14] - The operating profit for the company was reported at 190,374.00 million RMB, with a total profit of 190,480.66 million RMB after accounting for non-operating income and expenses[15] - The company reported a financial expense of -2,773.98 million RMB, indicating costs associated with financing activities[14] - The total revenue for Q1 2022 was CNY 13.79 billion, a decrease of 24.5% compared to CNY 18.32 billion in the same period last year[27] - Operating income for the quarter was CNY 13.76 billion, down from CNY 18.28 billion year-over-year, reflecting a decline of 24.8%[27] - Net profit for the quarter was not explicitly stated, but total operating costs decreased to CNY 11.95 billion from CNY 16.42 billion, indicating improved cost management[27] - The total profit for the first quarter was CNY 1,904,806,611.94, compared to CNY 1,877,187,390.75 in the same period last year, representing an increase of approximately 1.5%[28] Assets and Liabilities - Total assets increased by 13.78% to ¥38.66 billion from ¥33.98 billion at the end of the previous year[1] - Current liabilities increased significantly to CNY 13.19 billion from CNY 9.97 billion, a rise of 32.3%[25] - The company reported a significant increase in short-term borrowings, which rose to CNY 6.37 billion from CNY 2.34 billion, reflecting a growth of 172.5%[24] - Cash and cash equivalents increased to CNY 9.20 billion from CNY 7.84 billion at the beginning of the year, representing a growth of 17.4%[24] - The company’s retained earnings grew to CNY 10.79 billion from CNY 9.33 billion, an increase of 15.7%[26] - The total equity attributable to shareholders increased to CNY 24.27 billion from CNY 22.81 billion, reflecting a growth of 6.4%[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 322,538, with Rotex Group holding 70.33% of shares, amounting to 2,436,727,364 shares[8] - The company has a significant number of shares held by major shareholders, with the top ten shareholders holding a combined total of 99.99% of shares[9] - The company’s basic earnings per share increased by 1.35% to ¥0.4215 from ¥0.4159 in the same period last year[1] Investment and Development - The company has ongoing investments in new product development and market expansion strategies, although specific figures were not disclosed in the provided content[12] - The company’s investment income for the period was reported at 1,047.07 million RMB, contributing to overall profitability[15] - The company’s investment income decreased to CNY 10,470,746.35 from CNY 39,243,445.70, a decline of approximately 73.3% year-over-year[28] - The total cash outflow from investment activities was approximately ¥3.07 billion, a decrease from ¥3.45 billion in the previous period, indicating a reduction of about 11%[33] - The net cash flow generated from investment activities was -¥2.34 billion, worsening from -¥1.28 billion year-over-year[33] Cash Flow and Financing - The total amount of raised funds is 696,768.16 million, with 61,112.82 million used in the current period and a cumulative usage of 528,852.97 million[17] - The remaining unused raised funds amount to 167,915.19 million, with 94,900 million allocated for cash management as of March 31, 2022[21] - The total cash inflow from financing activities increased to approximately ¥6.62 billion, up from ¥5.25 billion, representing a growth of about 26%[33] - The net cash flow from financing activities improved significantly to ¥3.91 billion, compared to ¥1.29 billion in the previous period, marking an increase of approximately 204%[33] - The cash paid for debt repayment was approximately ¥2.50 billion, a decrease from ¥3.89 billion, showing a reduction of about 36%[33] - The company distributed dividends and interest payments totaling approximately ¥206.43 million, which is significantly higher than ¥71.48 million in the previous period, indicating a rise of about 189%[33] Project Updates - The "meat chicken industrialization capacity construction project" has been delayed, with the expected usable status date adjusted from December 31, 2021, to June 30, 2022[20] - The "swine breeding capacity construction project" has also faced delays, with the expected usable status date moved from December 31, 2021, to August 31, 2022[20] - The "swine slaughtering and processing technology renovation project" has a cumulative investment progress of 91.43% as of April 30, 2022[19] - The "meat product processing technology renovation project" has achieved a cumulative investment progress of 67.20%[20] - The total investment progress for all committed investment projects is 75.90%[19] Miscellaneous - The company engaged in related party transactions, with total procurement from Rotex Group and its subsidiaries amounting to 127,559.33 million RMB[10] - The company’s total sales revenue from related party transactions was 12,372.53 million RMB, indicating active engagement in inter-company sales[12] - The company has approved the use of up to 30.00 billion of idle raised funds for cash management, with the funds being able to roll over within a twelve-month period[21] - The company has not reported any issues in the usage and disclosure of raised funds[21] - The company did not conduct an audit for the first quarter report, which may affect the perception of financial reliability[34]