庄园牧场(002910) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was CNY 193,026,021.76, representing a 17.32% increase compared to CNY 164,524,902.68 in the same period last year[8] - Net profit attributable to shareholders was CNY 18,483,116.14, up 4.24% from CNY 17,731,962.89 year-on-year[8] - Basic earnings per share increased by 25.00% to CNY 0.10 from CNY 0.08 in the same period last year[8] - The company reported a 42.51% increase in cash received from sales and services, totaling CNY 218,158,709.82 in Q1 2019 compared to CNY 153,078,323.43 in Q1 2018[16] - The total operating revenue for the first quarter was CNY 193,026,021.76, an increase of 17.3% compared to CNY 164,524,902.68 in the previous year[42] - The net profit for the period was CNY 18,483,116.14, compared to CNY 17,731,962.89 in the same period last year, representing a growth of 4.2%[44] Cash Flow - The net cash flow from operating activities reached CNY 41,658,852.79, a significant increase of 448.97% compared to a negative cash flow of CNY -11,937,701.14 in the previous year[8] - Cash obtained from borrowings increased by 146.88% to CNY 395,000,000.00 in Q1 2019, reflecting the company's strategy to enhance liquidity[16] - The company reported cash inflows from operating activities totaling CNY 231,180,019.52, compared to CNY 158,724,156.49 in the prior year[52] - Cash outflows for operating activities were CNY 189,521,166.73, an increase from CNY 170,661,857.63 in the same period last year[52] - The net increase in cash and cash equivalents for the period was CNY 59,074,746.61, contrasting with a decrease of CNY 66,368,450.39 in the previous year[53] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,237,009,929.46, reflecting a 9.22% increase from CNY 2,048,109,041.38 at the end of the previous year[8] - The company's total liabilities were CNY 1,031,702,726.09, an increase from CNY 863,702,308.26 at the end of 2018, which is an increase of around 19.4%[36] - The company's current assets reached CNY 621,067,087.71, up from CNY 557,629,536.10 at the end of 2018, indicating an increase of about 11.3%[33] - Non-current assets totaled CNY 1,615,942,841.75, compared to CNY 1,490,479,505.28 at the end of 2018, reflecting a growth of approximately 8.4%[34] - The company's total liabilities increased to CNY 825,467,251.30 from CNY 653,047,272.79, indicating a rise of 26.4%[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,265[11] - The largest shareholder, Ma Hongfu, holds 17.19% of the shares, totaling 32,197,400 shares[11] - The company announced a cash dividend distribution of CNY 0.68 per 10 shares, totaling CNY 12,739,120.00 for the 2018 fiscal year[18] Government Subsidies and Incentives - The company received government subsidies amounting to CNY 2,008,147.11 during the reporting period[9] - The company received government subsidies, resulting in a 121.43% increase in non-operating income, totaling CNY 1,285,241.22 in Q1 2019[16] - The company plans to implement a restricted stock incentive plan, granting 4,792,800 shares to 100 individuals, representing 2.56% of the total share capital[20] Financial Expenses and Borrowings - Long-term borrowings increased by 373.89% to CNY 187,469,334.65 as of March 31, 2019, primarily due to additional loans for fixed asset construction[16] - The company recorded a 111.14% rise in financial expenses, amounting to CNY 8,004,724.08 in Q1 2019, attributed to increased borrowings[16] - The financial expenses increased significantly to CNY 8,004,724.08 from CNY 3,791,227.84, primarily due to higher interest expenses[42] Investment Activities - Cash paid for the acquisition of fixed assets and other long-term assets increased by 156.06% to CNY 103,369,221.90 in Q1 2019, due to payments for the liquid milk processing project[16] - Investment activities resulted in a net cash outflow of CNY 100,893,921.90, compared to CNY 39,322,739.97 in the previous year[53] Accounting Changes - The company has implemented new financial and leasing standards, which have resulted in adjustments to its financial statements, impacting both assets and liabilities[58] - The company did not undergo an audit for the Q1 2019 report, which may affect the reliability of the financial data presented[61]