隆平高科(000998) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was CNY 739,552,796.62, a decrease of 9.15% compared to CNY 814,006,828.63 in the same period last year[4] - Net profit attributable to shareholders was CNY 134,388,219.68, down 40.22% from CNY 224,805,406.05 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 95,421,220.35, a decrease of 17.53% compared to CNY 115,708,137.83 in the previous year[4] - Basic and diluted earnings per share were both CNY 0.1020, a decline of 43.02% from CNY 0.1790 in the previous year[4] - The weighted average return on net assets was 1.94%, down 1.78% from 3.72% in the same period last year[4] - The company reported a significant reduction in income tax expenses by 70.98% to ¥56.23 million from ¥193.79 million, due to decreased taxable income[12] - The company reported a significant decrease in prepayments from ¥644,652,928.07 to ¥505,119,005.80, a decline of about 21.63%[22] - The company reported a net profit loss of ¥86,219,091.76, compared to a profit of ¥24,256,590.66 in the previous period, indicating a significant decline in profitability[32] - Operating profit was recorded at -¥89,027,091.76, a decrease from a profit of ¥24,306,590.66 in the prior period[32] - The total comprehensive income attributable to the parent company for the current period is ¥132,767,032.42, down from ¥222,046,510.92 in the previous period[30] Cash Flow - The net cash flow from operating activities was negative CNY 591,446,550.80, worsening by 10.34% from negative CNY 536,014,177.27 in the same period last year[4] - The net cash flow from operating activities was -¥591,446,550.80, compared to -¥536,014,177.27 in the previous period, indicating worsening cash flow conditions[35] - Cash inflow from investment activities totaled ¥361,374,479.44, a significant decrease from ¥1,030,442,869.11 in the prior period[35] - Cash flow from financing activities was ¥1,806,766,600.00, compared to ¥1,736,626,000.00 in the previous period, indicating stable financing operations[35] - The company reported a cash and cash equivalents balance of ¥1,601,476,794.45 at the end of the period, compared to ¥1,533,003,114.79 in the previous period, showing a slight increase in liquidity[36] - The net cash flow from operating activities was -53,646,153.23 CNY, compared to -248,075,968.50 CNY in the previous period, indicating an improvement[37] - The net cash flow from financing activities was 325,636,399.80 CNY, compared to 533,949,582.85 CNY in the previous period, showing a decrease[38] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 15,291,213,490.37, a decrease of 0.47% from CNY 15,363,739,781.59 at the end of the previous year[4] - The net assets attributable to shareholders were CNY 6,815,313,763.60, down 0.56% from CNY 6,853,534,567.26 at the end of the previous year[4] - Total current assets decreased to ¥7,013,229,070.55 from ¥7,107,155,740.07, a decline of approximately 1.32%[21] - Total non-current assets increased to ¥8,277,984,419.82 from ¥8,256,584,041.52, an increase of about 0.26%[21] - Total liabilities decreased to ¥7,815,007,630.72 from ¥7,872,437,560.11, a decline of approximately 0.73%[22] - Total equity decreased to ¥7,476,205,859.65 from ¥7,491,302,221.48, reflecting a decrease of about 0.20%[23] - The total liabilities increased to ¥6,961,370,944.18, up from ¥6,762,448,352.17 in the previous period[27] - The total equity decreased to ¥6,277,018,177.01 from ¥6,534,225,104.85 in the previous period[27] Operational Metrics - The seed business net profit increased by 6% year-on-year during the reporting period[4] - Total operating costs increased to ¥550,434,360.11, up 3.2% from ¥531,682,016.04 in the previous period[28] - Research and development expenses for the current period are ¥8,795,990.45, significantly higher than ¥3,814,845.09 in the previous period, indicating increased investment in innovation[28] - The company reported a significant increase in sales expenses to ¥76,690,278.14, up from ¥65,232,534.68 in the previous period[28] - The company’s interest expenses rose to ¥77,502,267.43, compared to ¥48,541,432.30 in the previous period, reflecting higher borrowing costs[28] Shareholder Actions - The company repurchased 15,475,558 shares, accounting for 1.1751% of total shares, with a total transaction amount of ¥204.60 million[13] Other Financial Information - The company did not engage in any derivative investments during the reporting period[17] - The company has not audited its first-quarter report for 2019[44] - The company adjusted its financial instruments in accordance with new accounting standards effective January 1, 2019[39] - The company has implemented new financial instrument standards effective January 1, 2019, impacting the classification and measurement of financial assets[43]