广农糖业(000911) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 1,169,981,826.30, representing a 45.03% increase compared to CNY 806,733,884.23 in the same period last year[4] - Net profit attributable to shareholders was CNY 9,401,870.18, a significant increase of 118.06% from a loss of CNY 52,059,750.06 in the previous year[4] - Basic earnings per share increased to CNY 0.0235 from a loss of CNY 0.13, marking a 118.08% improvement[4] - The total operating revenue for Q1 2023 was CNY 1,169,981,826.30, an increase of 45.1% compared to CNY 806,733,884.23 in the same period last year[22] - The net profit for Q1 2023 was CNY 6,820,862.83, a significant improvement from a net loss of CNY 39,441,469.96 in Q1 2022[22] - The profit attributable to the parent company's shareholders was CNY 9,401,870.18, compared to a loss of CNY 52,059,750.06 in the previous year[24] - The basic and diluted earnings per share for Q1 2023 were CNY 0.0235, recovering from a loss of CNY 0.13 per share in Q1 2022[24] Cash Flow - The net cash flow from operating activities was CNY -224,777,567.04, showing a 77.74% improvement compared to CNY 1,009,731,198.49 in the same period last year[4] - Total cash inflow from operating activities was 1,430,498,070.44 CNY, compared to 796,130,627.56 CNY in Q1 2022, representing an increase of approximately 79.5%[27] - Cash outflow from operating activities totaled 1,655,275,637.48 CNY, down from 1,805,861,826.05 CNY year-over-year[27] - The net cash flow from investing activities was 89,723,489.76 CNY, a significant recovery from -18,909,630.84 CNY in the previous year[27] - Cash inflow from financing activities was 1,388,111,452.56 CNY, slightly up from 1,385,500,000.00 CNY in Q1 2022[27] - The net cash flow from financing activities was -27,746,810.82 CNY, compared to a positive 136,032,194.41 CNY in the same quarter last year[27] - The ending balance of cash and cash equivalents was 825,662,692.69 CNY, an increase from 639,060,496.01 CNY year-over-year[27] - The company received 161,000,000.00 CNY related to investment activities, indicating active investment management[27] - The total cash outflow for operating activities included 74,483,433.83 CNY paid to employees, down from 107,058,596.34 CNY in the previous year[27] - The company’s cash flow from operating activities showed a significant recovery trend, indicating improved operational efficiency[27] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,029,168,046.21, a decrease of 3.41% from CNY 5,206,710,656.96 at the end of the previous year[4] - The company's current assets totaled CNY 2,932,991,937.29, down from CNY 3,038,696,600.73 at the start of the year, indicating a decline of approximately 3.5%[20] - The cash and cash equivalents decreased to CNY 890,148,203.85 from CNY 1,025,199,582.53, representing a reduction of about 13.1%[20] - The total liabilities as of the end of Q1 2023 were CNY 4,831,273,096.51, down from CNY 5,015,814,396.10 at the end of the previous year[22] - The total equity attributable to the parent company was CNY 49,654,608.37, an increase from CNY 40,074,912.18 in the previous year[22] Operational Highlights - The company sold an additional 70,000 tons of white sugar compared to the same period last year, contributing to revenue growth[8] - The company reported a 126% increase in prepaid expenses due to the start of the sugarcane planting season[8] - Other receivables decreased by 48% compared to the beginning of the year, primarily due to the recovery of debts from Nanning Xiangshan Sugar Co., Ltd.[8] - Accounts payable decreased by 64% compared to the beginning of the year, reflecting payments made after the sugarcane processing season[8] - The company reported a significant increase in inventory, which rose to CNY 645,719,238.79 from CNY 578,801,048.02, marking an increase of approximately 11.5%[20] Corporate Actions - The company plans to publicly transfer 10.1802% equity in Nanning Yunzhi Ding Investment Co., Ltd. through an open bidding process[16] - Nanning Sugar Industry Co., Ltd. has approved the merger of its wholly-owned subsidiaries, Nanning Nantung Xiangshan Sugarcane Planting Co., Ltd. and Nanning Nantung Dongjiang Sugarcane Planting Co., Ltd.[17] - The company has completed the cancellation of its fundraising special account after the funds were fully utilized, totaling CNY 599,999,993.47 raised from a non-public stock issuance[15] Legal and Compliance - The company is undergoing legal proceedings related to contract disputes, which may impact its operational focus and financial performance[14] Research and Development - The company reported a decrease in research and development expenses to CNY 1,630,120.85 from CNY 2,785,778.77 in the same period last year[22] Credit and Impairment - The company experienced a credit impairment loss of CNY 4,822,567.99 in Q1 2023, indicating potential challenges in receivables management[22] Return on Equity - The weighted average return on equity rose to 20.81%, up 31.85% from -11.04% in the previous year[4]