龙大美食(002726) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was CNY 2,734,224,487.80, representing a 48.51% increase compared to CNY 1,841,072,554.86 in the same period last year[8] - Net profit attributable to shareholders was CNY 80,277,180.96, a 1.90% increase from CNY 78,780,965.90 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 81,001,976.01, up 8.36% from CNY 74,755,550.54 in the previous year[8] - The basic earnings per share for the period was CNY 0.11, a 10.00% increase from CNY 0.10 in the same period last year[8] - Operating revenue increased by ¥893 million, a growth rate of 48.51%, mainly due to increased revenue from the subsidiary Weifang Zhenxiang and the growth of the subsidiary Zhonghe Shengjie[23] - Net profit attributable to the parent company increased to ¥517,288,055.34, compared to ¥475,079,486.34 in the previous year, reflecting a growth of 8.8%[61] - The total profit for the current period was ¥49,049,097.71, compared to ¥48,203,630.09 in the previous period, indicating a slight increase of 1.8%[72] Cash Flow - The net cash flow from operating activities was negative at CNY -420,524,903.18, a significant decrease of 790.74% compared to CNY 60,880,721.81 in the same period last year[8] - Cash flow from investing activities decreased by ¥10 million, a reduction rate of 53.28%, primarily due to reduced recovery of investment funds from bank wealth management[27] - Cash flow from financing activities decreased by ¥462 million, a reduction rate of 247.50%, mainly due to increased repayment of maturing working capital loans[27] - Operating cash inflow totaled CNY 3,484,160,658.06, up from CNY 2,092,850,022.90 in the previous period, representing a growth of 66.5%[79] - Operating cash outflow amounted to CNY 3,904,685,561.24, compared to CNY 2,031,969,301.09 last year, an increase of 92.2%[79] - Net cash flow from operating activities decreased by ¥481 million, a reduction rate of 790.74%, mainly due to increased inventory payments and prepayments[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,452,491,992.37, an 18.59% increase from CNY 3,754,629,720.90 at the end of the previous year[8] - Total current assets amounted to CNY 3,197,159,108.05, an increase from CNY 2,507,924,368.77 in December 2018[42] - Total liabilities as of March 31, 2019, were CNY 2,106,913,801.72, compared to CNY 1,505,158,227.96 in December 2018, reflecting an increase of about 40%[48] - The company's total liabilities increased to ¥1,648,202,506.16, compared to ¥1,041,157,210.15, representing a rise of 58.4%[58] - The company's short-term borrowings decreased to CNY 412,500,000.00 from CNY 666,500,000.00 in December 2018, a reduction of approximately 38%[45] Inventory and Prepayments - The company's inventory increased by CNY 563,632,889.94, a growth rate of 60.77%, due to stockpiling of pork products[21] - Inventory increased significantly to CNY 1,491,146,190.51 from CNY 927,513,300.57 in December 2018, indicating a growth of approximately 60.7%[42] - Prepayments increased by CNY 521,617,171.40, a growth rate of 157.51%, primarily due to the expansion of the business scale of a subsidiary[21] - The company reported a substantial increase in prepayments to ¥429,886,627.08, compared to ¥46,437,151.30, reflecting a growth of 826.5%[52] Research and Development - R&D expenses increased by ¥310,427.59, a growth rate of 58.63%, due to increased investment in meat product research and development[24] - The company’s research and development expenses rose to ¥839,859.80, compared to ¥529,432.21, an increase of 58.6% year-on-year[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,539, with the top ten shareholders holding significant stakes in the company[11] - The company reported a total equity of CNY 2,345,578,190.65 as of March 31, 2019, compared to CNY 2,249,471,492.94 in December 2018[48] - The total equity attributable to shareholders reached ¥2,187,597,132.64, up from ¥2,107,862,999.08, an increase of 3.8%[61] Other Developments - The company has completed the cancellation of a subsidiary, which was approved by the board on May 13, 2018, and finalized on February 14, 2019[33] - The company has established a joint venture with Xuanwei Dinghong Food Co., Ltd., which received its business license on April 1, 2019[32] - There were no violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[36]