广农糖业(000911) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥806,733,884.23, a decrease of 10.50% compared to ¥901,375,995.14 in the same period last year[3] - The net profit attributable to shareholders of the listed company was -¥52,059,750.06, representing a significant decline of 1,080.90% from ¥5,307,345.80 in the previous year[3] - The basic and diluted earnings per share were both -¥0.13, down 750.00% from ¥0.020 in the same period last year[3] - In Q1 2022, the company reported a net loss of CNY 39,441,469.96, compared to a net profit of CNY 5,652,517.94 in the same period last year, indicating a significant decline in profitability[20] - Operating profit for Q1 2022 was CNY -36,689,081.52, a decrease from CNY 16,131,219.12 in Q1 2021, reflecting operational challenges[20] - Total revenue from sales in Q1 2022 was CNY 778,309,821.56, down from CNY 1,040,379,505.09 in Q1 2021, representing a decline of approximately 25.2%[23] - The company reported a total comprehensive loss of CNY 39,441,469.96 for Q1 2022, compared to a comprehensive income of CNY 5,652,517.94 in the same quarter last year[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥1,009,731,198, a decrease of 739.77% compared to -¥120,238,594.17 in the previous year[3] - Cash flow from operating activities in Q1 2022 was CNY -1,009,731,198.49, compared to CNY -120,238,594.17 in Q1 2021, indicating worsening cash flow issues[24] - The company’s cash and cash equivalents at the end of Q1 2022 stood at CNY 639,060,496.01, down from CNY 1,531,258,955.78 at the beginning of the period[25] - The company received CNY 5,838,550.73 in tax refunds during Q1 2022, an increase from CNY 4,345,762.78 in the previous year, indicating improved tax recovery efforts[24] - The company reported a 39.16% increase in prepayments, contributing to a 53.73% decrease in cash and cash equivalents compared to the beginning of the period[7] - The cash and cash equivalents decreased to CNY 768,443,919.70 from CNY 1,660,641,657.91, a decline of 53.8%[14] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,420,970,618, an increase of 1.15% from ¥7,336,407,737.47 at the end of the previous year[4] - Current assets increased to CNY 3,517,462,882.97 from CNY 3,311,783,950.54 at the beginning of the year, reflecting a growth of 6.2%[15] - Total liabilities increased to CNY 6,812,399,251.46 from CNY 6,688,794,900.15, representing a rise of 1.9%[17] - The equity attributable to shareholders of the listed company decreased by 10.46% to ¥445,729,140.72 from ¥497,788,890.78 at the end of the previous year[4] - Inventory levels rose significantly to CNY 1,203,079,120.90, compared to CNY 381,076,330.46 at the start of the year, indicating an increase of 215.5%[15] - Accounts receivable increased to CNY 518,744,500.33 from CNY 328,560,103.17, marking a growth of 57.8%[14] Operational Challenges - The decrease in net profit was primarily due to a reduction in sugar sales volume and a decline in sugar production rate, leading to an increase in sugar cost by ¥440 per ton[7] - The company incurred research and development expenses of CNY 2,785,778.77 in Q1 2022, a significant increase from CNY 576,167.26 in the previous year, highlighting a focus on innovation[20] - The company established four wholly-owned subsidiaries with a registered capital of CNY 9 million each to enhance operational efficiency[12] Government Support - The company received government subsidies amounting to ¥33,376,826.21, which were included in the non-operating income[6]