粤海饲料(001313) - 2023 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2023 was CNY 957,027,319.93, a decrease of 2.3% compared to CNY 982,109,491.97 in the same period last year[18]. - The company's operating revenue for the first quarter was CNY 957,027,319.93, a decrease of 2.55% compared to the same period last year[42]. - Total operating costs for Q1 2023 were CNY 977,115,284.51, down 3.7% from CNY 1,014,910,071.38 year-over-year[18]. - Net profit for Q1 2023 was CNY -49,548,883.07, compared to CNY -42,844,756.72 in Q1 2022, reflecting a decline in profitability[21]. - The net profit attributable to shareholders was CNY -48,541,051.13, representing a decline of 16.44% year-on-year[42]. - The company reported a basic and diluted earnings per share of CNY -0.07 for Q1 2023, compared to CNY -0.06 in the same period last year[24]. Cash Flow - Net cash flow from operating activities changed by 369.78% compared to the same period last year, mainly due to an increase in payments for raw material purchases[1]. - The net cash flow from operating activities was CNY -115,861,221.64, a significant decrease of 369.78% compared to the previous year[42]. - Net cash flow from investing activities changed by 913.44% compared to the same period last year, primarily due to the purchase of bank wealth management products that were not redeemed[1]. - The company reported a decrease in the cash flow from investing activities, with a net cash outflow of CNY -653,705,731.17, compared to CNY -64,503,637.37 in the previous year[32]. - Net cash flow from financing activities changed by 229.37% compared to the same period last year, mainly due to an increase in short-term borrowings and funds received from the initial issuance of stocks in the previous year[1]. Assets and Liabilities - Total current assets amounted to CNY 3,528,608,083.71, compared to CNY 3,228,583,906.95 at the beginning of the year[11]. - Total assets reached CNY 4,850,357,660.08, compared to CNY 4,548,175,278.75 at the beginning of the year[11]. - The total assets and total liabilities as of the end of Q1 2023 were CNY 4,850,357,660.08 and CNY 2,140,621,466.95 respectively, indicating a significant asset base[18]. - The company's total liabilities increased to CNY 2,140,621,466.95, up from CNY 1,758,208,286.55 year-over-year, indicating a rise in financial obligations[18]. - The total equity attributable to shareholders of the parent company decreased to CNY 2,713,729,578.46 from CNY 2,792,952,545.59, showing a decline in shareholder value[18]. Borrowings and Financial Obligations - Short-term borrowings increased to CNY 1,267,126,354.55 from CNY 777,261,967.92 at the beginning of the year[11]. - The company's short-term borrowings increased by 63.02% compared to the end of the previous year, primarily due to increased borrowing[6]. - Financial expenses increased by 78.80% compared to the same period last year, attributed to the rise in borrowings[6]. - The company’s expected liabilities increased by 155.18% compared to the end of the previous year, mainly due to an increase in impairment provisions for guarantees provided[6]. Inventory and Receivables - Accounts receivable stood at CNY 1,344,107,287.87, slightly down from CNY 1,380,382,911.68 at the beginning of the year[9]. - Inventory remained stable at CNY 660,526,870.21, compared to CNY 660,984,717.97 at the beginning of the year[9]. - Prepayments increased by 212.83% compared to the end of the previous year, mainly due to an increase in advance payments for raw material purchases[25]. - Contract liabilities rose by 136.31% compared to the end of the previous year, mainly due to an increase in advance payments from customers[6]. Tax and Impairment - Income tax expenses decreased by 245.94% compared to the same period last year, primarily due to an increase in deferred income tax provisions[1]. - Credit impairment losses increased by 291.59% compared to the same period last year, mainly due to an increase in accounts receivable leading to higher bad debt provisions[1]. Other Information - Guangdong Yuehai Feed Group Co., Ltd. reported its Q1 2023 results, which are unaudited[49]. - The company confirmed that there are no instances of classifying non-recurring gains and losses as recurring gains and losses as per the disclosure guidelines[45]. - The financial indicators and major accounting data have shown changes, although specific figures are not provided in the available content[46].