广农糖业(000911) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥901,375,995.14, an increase of 18.47% compared to ¥760,853,298.63 in the same period last year[8] - Net profit attributable to shareholders decreased by 56.10% to ¥5,307,345.80 from ¥12,088,364.43 year-on-year[8] - The net profit after deducting non-recurring gains and losses was -¥27,648,116.66, a decline of 81.01% compared to -¥15,274,085.35 in the previous year[8] - The company's net loss for Q1 2021 was CNY 18,596,093.18, compared to a net profit in the previous period[40] - The total profit for the first quarter of 2021 was CNY 16,381,776.18, compared to CNY 18,046,205.91 in the previous year, reflecting a decline of 9.2%[41] - The company's operating profit for the first quarter of 2021 was CNY 16,131,219.12, down from CNY 17,974,209.49 in the same period last year[41] - The company's financial expenses for the first quarter of 2021 were CNY 47,934,954.10, an increase from CNY 41,087,993.45 in the same period last year[44] - The total comprehensive income for the first quarter of 2021 was CNY 5,652,517.94, down from CNY 16,376,167.47 in the previous year[42] Cash Flow and Liquidity - The net cash flow from operating activities improved by 34.54%, reaching -¥120,238,594.17, compared to -¥385,088,533.51 in the same period last year[8] - The cash inflow from operating activities for the first quarter of 2021 was CNY 1,100,655,792.03, compared to CNY 933,704,294.33 in the previous year, indicating a growth of 17.9%[48] - The net cash flow from operating activities was -120,238,594.17 CNY, an improvement from -385,088,533.51 CNY in the previous period, indicating a reduction in cash outflow[49] - Total cash inflow from financing activities was 1,055,100,000.00 CNY, compared to 1,236,100,000.00 CNY in the previous period, reflecting a decrease of approximately 14.7%[50] - The net cash flow from investing activities was -73,857,998.82 CNY, worsening from -23,026,688.92 CNY in the previous period, indicating increased cash outflow for investments[49] - Cash and cash equivalents decreased to CNY 271,895,366.32 from CNY 369,567,441.44 as of December 31, 2020[34] - The company's cash and cash equivalents decreased by 97,672,075.12 CNY during the period, compared to a decrease of 119,223,307.25 CNY in the previous period, showing a slight improvement in cash management[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,916,125,201.82, a 1.57% increase from ¥5,824,780,347.81 at the end of the previous year[8] - The company's total assets amounted to CNY 5.92 billion, an increase from CNY 5.82 billion on December 31, 2020[31] - Total current liabilities increased to CNY 4,880,834,750.77 from CNY 4,791,889,035.94[34] - The company's total liabilities reached CNY 5,656,434,287.07, compared to CNY 5,571,053,275.30 in the previous period[34] - Short-term borrowings rose to CNY 3.17 billion as of March 31, 2021, compared to CNY 3.04 billion at the end of 2020, marking an increase of about 4.4%[32] - Long-term borrowings decreased to CNY 405,000,000.00 from CNY 432,000,000.00[34] Inventory and Operating Costs - The company's inventory increased by 30.01% compared to the beginning of the period, primarily due to the concentration of mechanism sugar production from January to March[15] - Operating costs rose by 26.58%, mainly attributed to the increase in mechanism sugar sales volume[15] - The company's sales expenses for the first quarter of 2021 were CNY 14,875,320.96, compared to CNY 9,872,051.14 in the previous year, reflecting an increase of 50.6%[44] - The company's management expenses for the first quarter of 2021 were CNY 35,623,933.79, slightly up from CNY 34,589,806.50 in the previous year[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,725[11] - The equity attributable to shareholders of the parent company was CNY 126,872,507.99, up from CNY 121,253,837.89[34] Government Subsidies - The company received government subsidies amounting to ¥32,792,382.07 during the reporting period[9] - The company received government subsidies of CNY 7.5 million for the "Double High" project on January 25, 2021, and an additional CNY 19.42 million on February 8, 2021, both related to asset support[19] Other Information - The company has no reported violations regarding external guarantees during the reporting period[25] - There were no significant contracts or entrusted financial management activities reported during the period[23][27] - The company plans to establish a joint venture with an investment of CNY 4.5 million in Guangxi Shuangxin Sugar Industry Technology Research Institute Co., Ltd.[17] - The company has undergone a change in its headquarters address effective February 3, 2021, moving to a new location in Nanning, Guangxi[17]