登海种业(002041) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥229,792,821.09, representing a 40.17% increase compared to ¥163,938,182.09 in the same period last year[9] - Net profit attributable to shareholders for Q1 2021 was ¥58,950,570.98, a significant increase of 75.46% from ¥33,597,207.52 in the previous year[9] - The net profit after deducting non-recurring gains and losses reached ¥45,874,604.39, marking a 125.05% increase from ¥20,384,122.71 year-on-year[9] - Basic earnings per share for Q1 2021 were ¥0.0670, up 75.39% from ¥0.0382 in the previous year[9] - Operating revenue and operating costs increased by 40.17% and 43.34% year-on-year, respectively, driven by higher sales volume[22] - Net profit attributable to shareholders of the parent company increased by 75.46% year-on-year, reflecting improved profitability[22] - Total operating income for the current period reached ¥156,312,423.16, an increase from ¥116,227,494.39 in the previous period, representing a growth of approximately 34.5%[65] - Net profit attributable to shareholders of the parent company was ¥58,950,570.98, compared to ¥33,597,207.52 in the previous period, reflecting a growth of about 75.5%[61] - Operating profit for the current period was ¥47,301,579.46, significantly higher than ¥20,145,688.96 in the previous period, indicating an increase of approximately 134%[61] - The report was presented on April 28, 2021[86] Cash Flow - The net cash flow from operating activities was ¥8,702,521.58, a recovery from a negative cash flow of -¥9,315,779.79 in the same period last year[9] - Cash inflow from operating activities reached ¥125,638,272.08, up from ¥100,802,139.46 in the prior period, indicating a growth of approximately 24.7%[72] - Net cash flow from operating activities was ¥8,702,521.58, a turnaround from a negative cash flow of -¥9,315,779.79 in the previous period[75] - Cash outflow from investing activities totaled ¥1,692,691,152.45, compared to ¥1,318,555,493.18 in the prior period, representing an increase of about 28.3%[75] - Net cash flow from investing activities was -¥71,864,431.05, a decline from a positive cash flow of ¥315,227,697.24 in the previous period[75] - The company reported a net cash flow from financing activities of -¥792,950.00, worsening from -¥102,266.46 in the previous period[78] - The company’s net increase in cash and cash equivalents was -¥35,748,051.57, compared to an increase of ¥309,675,543.53 in the previous period[82] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,704,402,676.68, a decrease of 1.49% from ¥3,760,508,569.11 at the end of the previous year[9] - The total liabilities decreased to CNY 256,538,782.20 from CNY 348,001,112.89, reflecting a reduction in financial obligations[54] - The total equity attributable to shareholders increased to CNY 2,863,797,211.87 from CNY 2,780,345,986.44, showing growth in shareholder value[54] - Cash and cash equivalents increased by 30.26% compared to the beginning of the period, mainly due to the conversion of some redeemed financial products into time deposits[22] - The company's inventory decreased to CNY 133,360,185.52 from CNY 207,693,755.23, suggesting better inventory management[48] - The deferred income decreased to CNY 11,554,648.71 from CNY 13,090,251.49, reflecting changes in revenue recognition[54] Shareholder Information - The top shareholder, Laizhou Agricultural Science Institute, holds 53.21% of the shares, while the second-largest shareholder, Li Denghai, holds 7.33%[14] - Net assets attributable to shareholders increased to ¥2,948,015,816.19, reflecting a growth of 2.04% from ¥2,889,065,245.21 at the end of the previous year[9] Other Financial Metrics - The weighted average return on equity for Q1 2021 was 2.02%, an increase of 0.84% compared to 1.18% in the same period last year[9] - Research and development expenses amounted to ¥12,348,567.28, down from ¥14,721,765.97 in the previous period, showing a decrease of about 16.1%[58] - Financial expenses showed a significant improvement, with a net income of -¥6,096,413.44 compared to -¥1,212,489.42 in the previous period, indicating a reduction in costs[58] - Investment income for the current period was ¥6,848,034.05, a decrease from ¥22,863,538.53 in the previous period, reflecting a decline of approximately 70%[58] - Total comprehensive income amounted to ¥83,451,225.43, compared to ¥47,315,198.65 in the previous period, reflecting a significant increase[71] Company Strategy and Governance - The company continues to focus on expanding its market presence and enhancing product offerings, although specific new products or technologies were not detailed in the report[50] - The chairman of the company is Wang Longxiang[86] - The company is subject to the new leasing standards effective from 2021[86] - There is a retrospective adjustment for prior comparative data due to the new leasing standards[85] - The first quarter report has not been audited[85] - The company has not provided specific financial performance metrics in this document[85] - No information on user data or future outlook is available in the provided content[85] - There are no details regarding new product development or market expansion strategies in the content[85] - The document does not mention any mergers or acquisitions[85] - No additional strategic initiatives are outlined in the provided information[85]