加加食品(002650) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was CNY 552,687,586.93, representing a 3.75% increase compared to CNY 532,724,603.68 in the same period last year[8]. - Net profit attributable to shareholders was CNY 55,598,020.07, up 2.42% from CNY 54,282,370.41 year-on-year[8]. - Total operating revenue for the current period reached ¥552,687,586.93, an increase from ¥532,724,603.68 in the previous period, representing a growth of approximately 3.6%[40]. - Net profit for the current period was ¥55,598,020.07, compared to ¥54,282,370.41 in the previous period, indicating a growth of approximately 2.4%[42]. - Basic and diluted earnings per share for the current period were both ¥0.048, up from ¥0.047 in the previous period[43]. - Operating profit for the current period was ¥70,263,206.75, slightly down from ¥70,395,835.33 in the previous period, a decrease of about 0.2%[42]. - The company reported a total profit of ¥70,390,170.75 for the current period, slightly lower than ¥70,454,469.81 in the previous period, a decrease of about 0.1%[42]. Cash Flow - The net cash flow from operating activities surged to CNY 75,911,780.30, a significant increase of 3,809.18% compared to a negative cash flow of CNY -2,046,590.91 in the previous year[8]. - The net cash flow from operating activities increased by 3809.18% compared to the same period last year, with an absolute increase of 77.96 million yuan, mainly due to a decrease in raw material procurement payments[17]. - Cash flow from operating activities was ¥587,925,634.94, down from ¥624,115,895.59 in the previous period[49]. - Operating cash inflow for Q1 2019 was CNY 588,770,295.96, compared to CNY 628,138,767.07 in Q1 2018, reflecting a decrease of approximately 9%[50]. - Cash outflow from investing activities totaled CNY 11,471,742.59, compared to CNY 12,380,867.34 in Q1 2018, indicating a decrease of about 7%[51]. - Net cash flow from investing activities was negative CNY 11,462,400.71, a decline from a positive CNY 80,909,932.66 in the previous year[51]. - Cash inflow from financing activities was CNY 55,000,000.00, down from CNY 120,500,000.00 in Q1 2018, representing a decrease of approximately 54%[51]. - Net cash flow from financing activities was negative CNY 50,386,616.42, compared to a net outflow of CNY 127,907,737.48 in the same quarter last year[51]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,605,851,640.77, down 0.59% from CNY 2,621,234,667.26 at the end of the previous year[8]. - Total assets decreased from CNY 2,621,234,667.26 to CNY 2,605,851,640.77, a decline of approximately 0.55%[32]. - Current liabilities decreased from CNY 383,249,225.57 to CNY 312,866,648.35, a reduction of about 18.4%[33]. - Total liabilities decreased from CNY 446,887,666.46 to CNY 375,906,619.90, a decline of approximately 15.9%[33]. - Non-current assets totaled CNY 1,939,134,964.37, down from CNY 1,951,403,160.56, reflecting a decrease of approximately 0.63%[32]. - The company's cash and cash equivalents decreased from CNY 52,823,859.48 to CNY 48,995,347.03, a decline of about 5.3%[36]. - The company's retained earnings increased from CNY 689,730,517.60 to CNY 745,328,537.67, an increase of about 8.1%[34]. - The total equity attributable to shareholders increased from CNY 2,174,347,000.80 to CNY 2,229,945,020.87, reflecting an increase of approximately 2.55%[34]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 45,927[12]. - The top shareholder, Hunan Zhuoyue Investment Co., Ltd., held 18.79% of the shares, amounting to 216,419,200 shares, with a significant portion pledged[12]. Operational Metrics - Accounts receivable increased by 32.99%, amounting to an absolute increase of CNY 22,438,800, primarily due to increased credit to distributors and receivables from supermarkets[16]. - The company’s inventory decreased from 357.62 million yuan to 320.99 million yuan, indicating a reduction in stock levels[31]. - The company’s accounts receivable increased from 68.01 million yuan to 90.45 million yuan, reflecting a rise in credit sales[31]. - Total operating costs increased to ¥483,316,147.88 from ¥463,433,386.18, reflecting a rise of about 4.0%[40]. - Research and development expenses decreased to ¥6,449,903.91 from ¥7,673,565.38, a reduction of approximately 16.0%[40]. - Other income for the current period was ¥1,098,469.34, compared to ¥1,219,500.00 in the previous period, a decline of about 9.9%[40]. - Investment loss for the current period was ¥206,676.23, worsening from a loss of ¥114,882.17 in the previous period[40]. Miscellaneous - The company plans to acquire 100% equity of Dalian Ocean Fishing Tuna Fishing Co., Ltd., with a fundraising amount not exceeding 750 million yuan for the acquisition and related expenses[20]. - The first quarter report was not audited[65]. - The company executed new financial instrument accounting standards starting January 1, 2019, which did not affect total assets, total liabilities, net assets, or net profit[59].