新洋丰(000902) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,418,261,498.82, a decrease of 2.78% compared to CNY 4,544,603,907.73 in the same period last year[16] - The net profit attributable to shareholders of the listed company was CNY 408,606,670.23, reflecting a slight increase of 0.45% from CNY 407,131,757.66 year-on-year[16] - Operating profit for the period was 495,254,915.78 CNY, a slight decrease from 517,336,475.29 CNY in the same period last year[32] - Net profit for the period was 412,642,731.09 CNY, compared to 416,838,249.51 CNY in the previous year[32] - Total operating revenue for the period was ¥4,418,261,498.82, a decrease from ¥4,544,603,907.73 in the previous period[48] Cash Flow - The net cash flow from operating activities was negative at CNY -257,909,207.86, a significant decline of 150.52% compared to CNY 506,869,336.13 in the previous year[16] - The company reported a net cash flow from operating activities of -¥257,909,207.86, compared to ¥510,557,435.02 in the previous period[39] - The net cash flow from investment activities increased by 130.92% year-on-year, mainly due to a rise in net cash from the purchase and redemption of financial products[22] - Net cash flow from investing activities was $379,749,469.36, a significant improvement from a negative cash flow of $1,228,082,999.75 in the previous period[54] - Cash inflow from financing activities totaled $100,000,000.00, compared to $88,265,217.53 in the prior period, indicating a 13.5% increase[54] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 16,027,596,770.93, down 4.82% from CNY 16,839,198,700.77 at the end of the previous year[16] - Total liabilities decreased, with accounts payable increasing to 2,149,717,551.29 CNY from 1,880,507,206.77 CNY[27] - The total liabilities decreased from ¥7,824,544,409.88 to ¥6,599,221,351.36[47] - The total equity attributable to shareholders of the parent company increased from ¥8,582,668,542.72 to ¥8,992,400,129.76[48] Shareholder Information - The company had a total of 54,688 shareholders at the end of the reporting period, with the largest shareholder holding 47.53% of the shares[40] Accounts Receivable and Payable - Accounts receivable increased by 52.63% to CNY 467,456,038.08 from CNY 306,260,318.31 at the beginning of the period[5] - The company reported a significant increase of 148.13% in accounts receivable financing, reaching CNY 217,719,911.71 compared to CNY 87,745,627.23 at the beginning of the period[5] - Accounts receivable increased by 52.63% compared to the beginning of the period, primarily due to the seasonal nature of compound fertilizer sales, with significant revenue growth in Q1 compared to Q4 of the previous year[20] - Contract liabilities decreased by 46.40% compared to the beginning of the period, reflecting the seasonal sales pattern where large prepayments are received in Q4 and recognized as revenue in Q1[20] Research and Development - Research and development expenses for the period were ¥13,928,756.71, slightly down from ¥14,020,070.77 in the previous period[48] Other Income and Expenses - The company recorded a government subsidy of CNY 2,440,037.41, which is closely related to its normal business operations[16] - Other comprehensive income after tax for the period was -6,136.64 CNY, compared to -11,915.56 CNY in the previous year[33] Market Strategy - The company continues to focus on expanding its market presence and enhancing product development in the agricultural technology sector[21]