双塔食品(002481) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was CNY 360,693,583.60, a decrease of 49.89% compared to CNY 719,849,163.27 in the same period last year[9] - The net profit attributable to shareholders for Q1 2019 was CNY 37,169,791.39, down 36.86% from CNY 58,872,113.90 year-on-year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 35,861,884.35, a decrease of 36.53% compared to CNY 56,500,237.86 in the previous year[9] - The basic earnings per share for Q1 2019 was CNY 0.03, down 40.00% from CNY 0.05 in the same period last year[9] - Total operating revenue decreased by 49.86% year-on-year, mainly due to a decline in revenue from bulk raw material trading by subsidiaries[17] - Total operating costs for Q1 2019 were CNY 329,798,786.67, down 50.74% from CNY 669,209,537.37 in Q1 2018[35] - Net profit for Q1 2019 was CNY 37,040,145.56, representing a decline of 36.83% from CNY 58,679,979.95 in Q1 2018[37] - Revenue for the current period is $313.63 million, a decrease of 12.99% from $360.47 million in the previous period[40] - Operating profit for the current period is $40.34 million, down 37.73% from $64.72 million in the previous period[41] - Net profit for the current period is $34.64 million, a decline of 37.00% compared to $55.08 million in the previous period[41] Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,222,822,434.05, an increase of 11.24% from CNY 3,796,302,400.87 at the end of the previous year[9] - The net assets attributable to shareholders at the end of the reporting period were CNY 2,621,038,778.87, up 1.30% from CNY 2,587,461,859.26 at the end of the previous year[9] - The company's total assets amounted to approximately 4.22 billion yuan, an increase from 3.80 billion yuan at the end of the previous period[27] - Total assets as of March 31, 2019, amounted to CNY 4,007,445,543.33, an increase from CNY 3,569,764,794.33 at the end of 2018[34] - Current assets totaled CNY 2,252,259,078.77, up 24.19% from CNY 1,813,967,270.38 at the end of 2018[32] - Current liabilities increased to CNY 1,352,756,244.35, a rise of 42.53% compared to CNY 949,009,172.69 at the end of 2018[33] - Total liabilities reached CNY 974,141,053.00, with current liabilities at CNY 949,009,172.69[57] - Total equity was CNY 2,595,623,741.33, including share capital of CNY 1,243,390,000.00[57] Cash Flow - The net cash flow from operating activities for Q1 2019 was CNY 47,695,973.56, a significant improvement from a negative CNY 164,380,419.06 in the same period last year[9] - Net cash flow from operating activities increased by 129.02% year-on-year, mainly due to a 72.47% reduction in cash paid for purchasing goods and services[18] - Net cash flow from investing activities decreased by 122.43% year-on-year, primarily due to a 100% decrease in cash received from investment recoveries[18] - Net cash flow from financing activities increased by 1778.41% year-on-year, mainly due to a 52.34% decrease in cash received from loans[18] - The net cash flow from operating activities was -40,773,107.67, an improvement from -297,441,611.87 in the previous period, indicating a significant reduction in losses[49] - Cash inflow from operating activities totaled 326,831,719.85, down 19.3% from 405,441,291.68 in the prior period[49] - Cash outflow from operating activities decreased by 47.7% to 367,604,827.52 from 702,882,903.55[49] - Cash flow from investing activities shows a net outflow of $69.46 million, compared to a net inflow of $309.62 million in the previous period[46] - Cash flow from financing activities results in a net inflow of $90.44 million, contrasting with a net outflow of $5.39 million in the previous period[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,335[13] - The largest shareholder, Zhaoyuan Junxing Agricultural Development Center, held 35.01% of the shares, amounting to 435,250,137 shares[13] Inventory and Prepayments - Prepayments increased by 446.21% compared to the beginning of the period, primarily due to advance payments for raw material purchases[17] - Inventory grew by 45.29% compared to the beginning of the period, attributed to an increase in raw material stock[17] - Inventory increased to CNY 368,451,475.31, compared to CNY 233,924,365.49 at the end of 2018, reflecting a growth of 57.34%[32] Financial Expenses - Financial expenses increased by 31.41% year-on-year, primarily due to higher bank loan interest[17] Audit Status - The first quarter report was not audited[58]