隆平高科(000998) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥850,409,236.71, representing a 5.44% increase compared to ¥806,511,539.65 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2021 was ¥40,525,069.49, a significant increase of 69.14% from ¥23,958,948.68 in the previous year[3]. - The net profit after deducting non-recurring gains and losses reached ¥90,978,148.49, marking a 115.91% increase from ¥42,136,412.40 year-on-year[3]. - The basic earnings per share for Q1 2021 was ¥0.0313, up 69.19% from ¥0.0185 in the same quarter last year[3]. - The total operating revenue for Q1 2021 was CNY 850,409,236.71, an increase of 5.4% compared to CNY 806,511,539.65 in the same period last year[22]. - The net profit for Q1 2021 was CNY 61,407,803.65, representing a 49.3% increase from CNY 41,123,737.10 in Q1 2020[24]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥13,774,745,160.92, a decrease of 0.55% from ¥13,850,860,795.49 at the end of the previous year[3]. - The company's total liabilities were CNY 7,442,744,221.46, down from CNY 7,562,604,877.76, showing a reduction of about 1.6%[18]. - The total assets as of Q1 2021 were CNY 12,004,284,243.46, up from CNY 11,813,300,719.95 at the end of the previous year[22]. - The company's total liabilities increased to CNY 7,271,301,557.55 in Q1 2021, compared to CNY 7,011,696,171.29 in the same period last year[22]. - The company's total current liabilities were CNY 4,148,133,481.29, with other payables amounting to CNY 1,180,483,450.18[38]. Cash Flow - The net cash flow from operating activities was negative at -¥231,517,417.12, worsening by 33.41% compared to -¥173,539,303.47 in the previous year[3]. - The cash flow from operating activities resulted in a net outflow of -69,808,187.14 CNY, worsening from -44,688,223.64 CNY in the prior period[33]. - The total cash outflow from operating activities was 129,621,582.48 CNY, compared to 49,855,529.94 CNY in the previous period, indicating higher operational costs[33]. - The company received cash from financing activities amounting to ¥97,000,000.00, reflecting new investments from minority shareholders[31]. - The net cash flow from financing activities was 350,741,373.95 CNY, compared to a negative cash flow of -138,687,164.21 CNY in the previous period, indicating a significant improvement[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 144,218, with the top ten shareholders holding significant stakes[7]. - The largest shareholder, CITIC Agricultural Technology Co., Ltd., held 16.54% of the shares, amounting to 217,815,722 shares[7]. - The equity attributable to shareholders of the parent company increased to CNY 5,528,993,680.03 from CNY 5,510,651,560.96, a growth of approximately 0.3%[19]. Research and Development - Research and development expenses rose by 59.46% to CNY 24.80 million, driven by increased spending on experimental demonstration projects[10]. - The R&D expenses for Q1 2021 amounted to CNY 24,804,284.85, which is a significant increase of 59.5% compared to CNY 15,555,555.45 in the same quarter last year[23]. - Research and development expenses for the current period were ¥715,568.33, significantly higher than ¥74,173.47 in the previous period, indicating increased focus on innovation[27]. Investment and Financial Management - The company reported a 70.70% reduction in investment losses, with losses from equity method investments decreasing significantly[10]. - The company's financial expenses decreased by 54.73% to CNY 54.18 million, attributed to reduced foreign exchange losses and lower loan interest rates[10]. - The financial expenses for Q1 2021 were CNY 54,182,776.13, a decrease of 54.7% from CNY 119,692,041.54 in Q1 2020[23]. - The company did not engage in any securities or derivative investments during the reporting period[13][14]. Government Support - The company received government subsidies amounting to ¥5,455,830.68 during the reporting period, which are closely related to its business operations[4].