金新农(002548) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥601,294,893.98, a decrease of 18.56% compared to ¥738,365,321.68 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥10,972,034.25, representing a decline of 158.86% from a profit of ¥18,642,348.02 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥19,270,524.80, worsening by 60.01% compared to a loss of ¥12,043,095.76 last year[7]. - Basic and diluted earnings per share were both -¥0.03, a decrease of 160.00% from ¥0.05 in the previous year[7]. - The company reported a net loss of CNY 1,794,144.12, an improvement from a loss of CNY 3,484,567.94 in the previous period, indicating a narrowing of losses[36]. - The total comprehensive loss for Q1 2019 was CNY -5,190,112.35, compared to a comprehensive income of CNY 19,900,022.12 in Q1 2018, highlighting a challenging financial period[44]. Cash Flow - The net cash flow from operating activities was -¥56,415,063.85, an improvement of 53.55% from -¥121,464,982.75 in the same period last year[7]. - The company experienced a net cash outflow from operating activities of -56,415,063.85, an improvement from -121,464,982.75 in the previous period[52]. - Cash inflow from operating activities totaled 620,564,648.89, down from 687,083,958.82 in the previous period[52]. - The company reported a net cash outflow from investing activities of -138,417,666.71, compared to -59,697,706.22 in the previous period[53]. - Cash inflow from financing activities was 472,000,000.00, a decrease from 1,036,000,000.00 in the previous period[53]. - The ending cash and cash equivalents balance was ¥148,161,990.23, down 80.2% from ¥746,798,764.18 in the previous period[57]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,039,633,779.79, a slight decrease of 0.36% from ¥4,054,351,050.37 at the end of the previous year[7]. - The total liabilities decreased to CNY 2,479,024,189.07 from CNY 2,554,448,759.93, indicating a reduction in financial obligations[35]. - The company's equity attributable to shareholders increased to CNY 1,365,769,017.12 from CNY 1,292,246,613.59, showing a positive trend in retained earnings[36]. - The company's total current assets were CNY 916,202,128.56, with an increase in trading financial assets of CNY 59,870,800.00[64]. - The company's total liabilities were CNY 2,412,644,851.93, reflecting a slight increase of CNY 2,840,325.00[65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,381[11]. - The largest shareholder, Zhoushan Dacheng Xinnong Equity Investment Partnership, held 37.92% of the shares, totaling 148,356,576 shares[11]. - The company repurchased 13,549,932 shares, accounting for 3.56% of the total share capital, with a total payment of approximately 104.55 million[19]. - The controlling shareholder transferred 94 million shares, representing 24.70% of the total share capital, to a new controlling entity[20]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥10,268,280.96, primarily related to business operations[8]. - Other income increased by 2,803.79% to CNY 3.31 million, primarily due to increased government subsidies received[15]. Investment and Financial Instruments - Investment income decreased by 142.06% to -14.26 million, primarily due to increased investment losses from associated companies[16]. - The company has implemented new financial instrument standards, leading to significant reclassifications in financial assets[15]. - The fair value of financial assets has been impacted by new accounting standards implemented from January 1, 2019[26]. - The company recognized a trading financial liability of CNY 2,700,000.00 due to fair value changes[64]. Future Outlook - The company expects a net profit of between 15 million and 22 million yuan for the first half of 2019, a turnaround from a net loss of 36.28 million yuan in the same period of 2018[24]. - The company anticipates stable growth in its feed, animal health, and telecom value-added services businesses[24]. - The company emphasizes the potential impact of African swine fever and market price fluctuations on its operational performance[24].