天邦食品(002124) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was CNY 3,408,300,974.80, representing an increase of 80.56% compared to CNY 1,887,600,942.78 in the same period last year[10] - The net profit attributable to shareholders was CNY 195,385,721.19, a decrease of 58.98% from CNY 476,277,806.84 year-on-year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 123,933,405.59, down 74.21% from CNY 480,560,257.15 in the previous year[10] - Operating revenue increased by 80.6% year-on-year, driven by higher sales volume of live pigs, although prices decreased compared to the same period last year[24] - The company's net profit for the first quarter of 2021 was CNY 195,809,901.18, compared to CNY 476,150,381.96 in the previous year, indicating a decrease of approximately 58.8%[66] Cash Flow - The net cash flow from operating activities increased by 98.54% to CNY 824,409,265.41, compared to CNY 415,236,595.76 in the same period last year[10] - Net cash flow from operating activities amounted to ¥824,409,265.41, an increase of 98.6% compared to ¥415,236,595.76 in the previous period[82] - Cash inflow from operating activities totaled ¥1,478,692,492.18, a substantial increase from ¥159,719,629.74 in the previous period[86] Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,755,452,088.52, up 20.99% from CNY 15,501,961,361.98 at the end of the previous year[10] - Total liabilities increased to CNY 4,134,167,052.73 as of March 31, 2021, from CNY 3,351,082,092.51 at the end of 2020, marking an increase of about 23.3%[63] - Total liabilities amounted to CNY 6,703,982,551.75, down by CNY 1,848,284,633.79 from the previous period[96] - The company's total current assets as of March 31, 2021, amounted to RMB 7,116,235,323.45, an increase from RMB 5,771,399,004.78 as of December 31, 2020[47] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,337, with the largest shareholder holding 21.84%[14] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[20] Investment and Expenses - Research and development expenses increased by 34.2% year-on-year, reflecting higher investment in R&D activities[24] - The company incurred a loss from investment activities of ¥22,974,451.32, contrasting with a gain of ¥12,097,121.42 in the previous period[75] - The total operating costs amounted to ¥90,186,718.92, up from ¥68,002,769.10, representing an increase of approximately 32.5%[75] Equity and Earnings - Basic earnings per share were CNY 0.15, down 63.41% from CNY 0.41 year-on-year[10] - The total comprehensive income attributable to the parent company was ¥195,157,063.66, a decrease from ¥476,282,473.31[70] - The company's total equity decreased slightly to CNY 7,087,619,877.40 from CNY 7,108,250,136.74, a decline of approximately 0.3%[63] Other Financial Metrics - The company reported non-operating income of CNY 71,452,315.60, primarily from the disposal of non-current assets and government subsidies[10] - The company reported a 267.4% increase in income tax expenses year-on-year, mainly due to increased operating profits from certain subsidiaries[24] - The company's cash and cash equivalents increased to RMB 2,871,416,036.89 from RMB 2,126,068,400.24 year-over-year[47]