隆平高科(000998) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥905,492,180.47, representing a 6.48% increase compared to ¥850,409,236.71 in the same period last year[3] - Net profit attributable to shareholders increased by 34.38% to ¥54,458,451.35 from ¥40,525,069.49 year-on-year[3] - Basic and diluted earnings per share rose by 34.50% to ¥0.0421 from ¥0.0313 year-on-year[3] - Net profit for the period reached CNY 108,030,072.56, compared to CNY 61,268,317.33 in the previous year, marking a growth of 76.1%[18] - The total comprehensive income for the first quarter was approximately ¥458.77 million, compared to a loss of ¥42.96 million in the previous year[19] Cash Flow - The net cash flow from operating activities was -¥373,229,074.74, a decrease of 61.21% compared to -¥231,517,417.12 in the previous year, attributed to increased production plans for rice and corn seeds[6] - Cash inflow from operating activities was approximately ¥581.31 million, an increase from ¥417.58 million year-on-year[21] - Cash outflow from operating activities totaled approximately ¥954.54 million, compared to ¥649.10 million in the previous year, resulting in a net cash flow from operating activities of approximately -¥373.23 million[21] - The ending cash and cash equivalents balance was approximately ¥1.53 billion, down from ¥1.79 billion at the end of the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,115,785,529.36, reflecting a 0.80% increase from ¥14,003,756,000.06 at the end of the previous year[3] - Total liabilities decreased to CNY 7,333,563,524.50 from CNY 7,738,573,655.50, a reduction of 5.2%[17] - The company's cash and cash equivalents were not explicitly stated but are part of the total current assets of CNY 5,651,084,676.35[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 144,334[7] - The top ten shareholders held a combined 36.68% of the company's shares, with the largest shareholder, CITIC Agricultural Technology Co., Ltd., holding 16.54%[10] - Shareholders' equity attributable to shareholders increased by 8.95% to ¥5,999,262,430.62 from ¥5,506,476,041.40 year-on-year[3] Investments and R&D - The company has successfully developed 88 new rice varieties, 50 corn varieties, and 1 cotton variety, which were approved by the National Crop Variety Approval Committee, enhancing its product portfolio[13] - The company acquired a 4.1% stake in Hangzhou Ruifeng Biotechnology Co., Ltd. for CNY 62.98 million, indicating strategic investment in biotechnology[13] - Research and development expenses for the quarter were CNY 28,148,235.51, an increase from CNY 24,804,284.85, indicating a growth of 9.4%[18] - The company aims to enhance its research and development in genetic resources and breeding, focusing on achieving self-sufficiency in seed sources to ensure national food security[13] Operational Efficiency - Total operating revenue for Q1 2022 was CNY 905,492,180.47, an increase of 6.8% compared to CNY 850,409,236.71 in Q1 2021[18] - Total operating costs decreased to CNY 733,437,040.77 from CNY 737,244,015.93, reflecting a reduction of 0.4%[18] - Operating profit for the period was CNY 110,248,792.35, up from CNY 58,770,240.64, indicating a significant increase of 87.5%[18] Changes in Equity and Stock Plans - The company initiated an employee stock ownership plan involving 23,001,458 shares at a price of CNY 10.01 per share, aiming to raise up to CNY 300 million[14] - The company revised the purpose of its repurchased shares from an equity incentive plan to an employee stock ownership plan, reflecting a strategic shift in employee compensation[13]