金新农(002548) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,257,861,446.80, representing a 104.11% increase compared to ¥616,265,336.25 in the same period last year[8]. - The net profit attributable to shareholders decreased by 71.76% to ¥19,314,569.43 from ¥68,395,371.24 year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 250.36% to ¥120,801,538.77 from ¥34,479,564.77 in the previous year[8]. - The basic earnings per share dropped by 81.25% to ¥0.03 from ¥0.16 in the same period last year[8]. - The company reported a total profit for the quarter of CNY 30,602,621.90, significantly lower than CNY 99,198,353.85 in the same period last year, a decline of about 69.0%[50]. - The total comprehensive income for the quarter was CNY 16,467,812.90, down from CNY 98,234,934.22, reflecting a decrease of approximately 83.3%[51]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,942,110,503.87, a 12.75% increase from ¥6,156,989,203.56 at the end of the previous year[8]. - The company's total liabilities as of March 31, 2021, amounted to CNY 3,825,410,505.70, up from CNY 3,098,504,859.12 at the end of 2020, reflecting a growth of 23.4%[43]. - Non-current liabilities increased to CNY 1,566,600,349.85 from CNY 788,479,614.82, marking a rise of 98.7%[43]. - The company's non-current assets totaled CNY 4,227,689,027.55, an increase from CNY 3,595,704,575.04 at the end of 2020[41]. - The company's total current assets amounted to CNY 2,561,284,628.52, an increase from CNY 2,536,173,334.76, an increase of CNY 25,111,293.76[65]. Cash Flow - The net cash flow from operating activities was negative at -¥257,500,350.11, compared to -¥209,404,975.40 in the previous year[8]. - The total cash outflow from investing activities was 499,460,697.46 CNY, resulting in a net cash flow from investing activities of -432,217,299.09 CNY, a significant decrease from the previous year's net inflow of 33,940,149.19 CNY[58]. - The net cash flow from financing activities was 384,019,733.17 CNY, down from 609,074,951.38 CNY in the same period last year, reflecting a reduction in financing inflows[59]. - The company experienced a net decrease in cash and cash equivalents of -305,697,916.03 CNY in Q1 2021, contrasting with an increase of 433,610,125.17 CNY in Q1 2020[59]. Shareholder Information - The total number of shareholders at the end of the reporting period was 65,661[12]. - The largest shareholder, Guangzhou Bay Area Jin Nong Investment Partnership, held 36.28% of the shares, totaling 250,699,507 shares[12]. Operational Highlights - Operating revenue increased by 104.11% compared to the same period last year, mainly due to an increase in the scope of consolidation and sales volume of live pigs[18]. - Operating costs rose by 100.82% year-on-year, attributed to the same factors as revenue growth[18]. - Research and development expenses increased by 113.35% year-on-year, reflecting a significant increase in R&D investment[18]. - The company reported a loss of -¥100,052,512.97 from its pig hedging business during the reporting period[9]. Investment and Financing Activities - The company raised CNY 640,741,175.27 through a private placement of 128,499,507 shares, which will be used for pig farming projects and to supplement working capital[31]. - The company has invested CNY 16,338,200.00 in the construction of a pig breeding project and CNY 19,524,200.00 in a pig farming project, both expected to be operational by June 30, 2021[31]. - The company reported a total of 25,362.57 million CNY in derivative investments, with a net investment amount of 3,928.53 million CNY at the end of the reporting period[29]. Risk Management - The company has outlined risk control measures for its hedging operations, including strict control of futures and options positions[29]. - The company has established a futures decision-making group to manage its hedging activities, ensuring compliance with internal controls and risk management measures[30].