大北农(002385) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥4,057,485,579.82, a decrease of 11.82% compared to ¥4,601,386,528.69 in the same period last year[4]. - The net profit attributable to shareholders was -¥38,848,239.65, representing a decline of 121.48% from ¥180,869,236.01 in the previous year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥49,904,960.40, down 129.40% from ¥169,724,203.31 year-on-year[4]. - The basic earnings per share for the reporting period was -¥0.01, down 125.00% from ¥0.04 in the same period last year[4]. - The diluted earnings per share also stood at -¥0.01, reflecting a 125.00% decline from ¥0.04 year-on-year[4]. - Total profit decreased by CNY 254.66 million, a decline of 111.97%, primarily due to losses in the pig farming business[12]. - The net profit for Q1 2019 was a loss of CNY 54,439,468.25, compared to a profit of CNY 199,289,538.67 in Q1 2018[30]. - The total comprehensive income for the current period was -¥169,643,535.83, compared to ¥6,843,633.43 in the previous period[34]. Cash Flow - The net cash flow from operating activities improved to -¥234,469,669.53, a 68.14% increase compared to -¥736,025,173.13 in the same period last year[4]. - The total cash inflow from operating activities was ¥3,716,145,336.78, a decrease from ¥4,096,354,072.43 in the previous period[36]. - The total cash outflow from operating activities was ¥3,950,615,006.31, down from ¥4,832,379,245.56 in the previous period[36]. - The net cash flow from operating activities was -6,898,370.47 CNY, compared to 120,723,135.81 CNY in the previous period, indicating a significant decline[38]. - The company reported a total cash outflow of 942,250,494.68 CNY from operating activities, compared to 2,111,217,828.71 CNY in the previous period[38]. Assets and Liabilities - The total assets at the end of the reporting period were ¥17,474,130,869.14, a decrease of 3.44% from ¥18,095,720,578.33 at the end of the previous year[4]. - The net assets attributable to shareholders at the end of the reporting period were ¥9,764,816,512.96, a slight decrease of 0.14% from ¥9,778,885,025.66 at the end of the previous year[4]. - Total liabilities as of March 31, 2019, were CNY 6,789,776,434.98, a decrease of 8.0% from CNY 7,381,368,275.95[23]. - The company's total assets decreased to CNY 17,474,130,869.14 from CNY 18,095,720,578.33, reflecting a decline of 3.4%[24]. - Total liabilities decreased to CNY 4,174,612,664.34 in Q1 2019 from CNY 4,634,363,968.35 in the same period last year[27]. Shareholder Information - The company reported a total of 121,313 common shareholders at the end of the reporting period[7]. - The equity attributable to shareholders of the parent company was CNY 9,764,816,512.96, slightly down from CNY 9,778,885,025.66[24]. Expenses - Research and development expenses for Q1 2019 were CNY 73,806,186.46, a decrease of 19.6% compared to CNY 91,832,215.51 in Q1 2018[29]. - Research and development expenses for the current period were ¥10,614,918.45, down 45% from ¥19,291,866.14 in the previous period[32]. - Financial expenses increased by CNY 13.76 million, a growth of 32.30%, mainly due to increased financing interest expenses[13]. Investment and Financing Activities - The company plans to repurchase and cancel 7.10 million shares of unvested restricted stock due to non-compliance with incentive conditions[15]. - The company reported a decrease in cash received from financing activities by CNY 279.12 million, a decline of 186.20%, mainly due to reduced short-term financing[14]. - The net cash flow from investing activities was -165,862,339.32 CNY, compared to -1,091,710,737.49 CNY in the previous period, showing an improvement[38]. - Total cash inflow from financing activities was 93,685,151.92 CNY, significantly lower than 1,655,000,000.00 CNY in the previous period[39]. Other Financial Metrics - The weighted average return on equity was -0.40%, a decrease of 2.15% compared to 1.75% in the previous year[4]. - The fair value of financial assets decreased by CNY 76.21 million, primarily due to losses in futures trading[18]. - The company had no violations regarding external guarantees during the reporting period[19].