庄园牧场(002910) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥243,875,075.41, representing a 4.16% increase compared to ¥234,144,017.26 in the same period last year[3] - Net profit attributable to shareholders decreased by 45.50% to ¥11,317,385.18 from ¥20,766,811.73 year-on-year[3] - The total operating revenue for the first quarter of 2022 was CNY 243,875,075.41, an increase from CNY 234,144,017.26 in the previous period[20] - The total operating costs amounted to CNY 238,510,497.00, up from CNY 212,150,063.08 in the prior period[20] - The net profit for the first quarter was CNY 11,317,385.18, compared to CNY 20,766,811.73 in the same period last year, reflecting a decrease of approximately 45.5%[21] - The operating profit for the quarter was CNY 14,715,991.26, down from CNY 21,365,227.46 in the previous year[21] - The company's basic earnings per share decreased by 44.44% to ¥0.05 from ¥0.09 in the same period last year[3] - The basic and diluted earnings per share for the quarter were both CNY 0.05, down from CNY 0.09 in the same period last year[22] - The weighted average return on equity fell to 0.69% from 1.30% year-on-year, indicating a decline in profitability[3] Cash Flow and Financial Position - The net cash flow from operating activities dropped significantly by 76.14% to ¥17,051,387.32, down from ¥71,478,744.57 in the previous year[3] - Cash inflow from operating activities totaled $266,786,756.56, a decrease of 4.66% from $280,093,257.03 in the previous period[25] - Net cash flow from operating activities was $17,051,387.32, significantly down by 76.1% compared to $71,478,744.57 in the prior period[25] - The company's cash flow from operating activities was impacted by increased payments to employees, which rose to $29,119,958.54 from $23,511,387.72, an increase of 23.9%[25] - The company reported a decrease in cash received from other operating activities to $8,744,380.98 from $27,375,477.55, a decline of 68.0%[25] - Cash inflow from investment activities was $11,541,564.97, up from $7,951,134.00, marking a 45.5% increase[26] - Net cash flow from investment activities was -$75,145,689.61, an improvement from -$129,163,812.89 in the previous period[26] - Cash inflow from financing activities reached $520,000,000.00, a substantial increase from $193,320,002.00, representing a 169.5% rise[26] - Net cash flow from financing activities was $240,555,599.47, a turnaround from -$81,415,205.80 in the prior period[26] - The ending balance of cash and cash equivalents was $544,199,575.18, up from $492,466,115.96, reflecting a positive change[26] Assets and Liabilities - Total assets increased by 5.36% to ¥2,960,932,789.75 compared to ¥2,810,379,800.62 at the end of the previous year[3] - Total liabilities rose to CNY 1,308,922,354.06, compared to CNY 1,169,686,750.11 in the previous period[18] - The total current assets increased to ¥801,284,277.03 from ¥633,438,341.94, reflecting a growth of approximately 26.5%[16] - The company reported a financial expense of CNY 8,479,791.63, which increased from CNY 4,673,961.00 in the prior period[21] - Financial expenses rose by 81.43% to ¥8,479,791.63, attributed to the increase in bank borrowings during the reporting period[6] Shareholder Information - Total number of common shareholders at the end of the reporting period is 22,863, including 22,850 A-share shareholders and 13 H-share shareholders[9] - The top 10 shareholders hold significant stakes, with Gansu Agricultural Reclamation Asset Management Co., Ltd. owning 16.32% (37,931,665 shares) and Hong Kong Central Clearing Limited holding 15.11% (35,122,847 shares)[9] - Gansu Agricultural Reclamation Asset Management Co., Ltd. and Lanzhou Manor Investment Co., Ltd. are identified as acting in concert among the top shareholders[10] Strategic Initiatives - The company is planning to conduct a buyback of H-shares at a conditional cash offer price of HKD 10.89 per share, with the aim of delisting from the Hong Kong Stock Exchange[12] - The board has approved the proposal for H-share buyback and delisting, which is currently under preparation and subject to regulatory compliance[13] - The company will continue to disclose updates regarding the H-share buyback and delisting in accordance with relevant regulations[14] Other Financial Metrics - Research and development expenses for the quarter were CNY 1,556,684.90, down from CNY 1,964,054.92 in the previous year[21] - Accounts receivable rose to ¥42,628,897.97 from ¥38,980,803.20, indicating an increase of about 6.7%[16] - Inventory slightly increased to ¥177,054,046.18 from ¥176,459,492.20, showing a marginal growth of 0.3%[16] - The company recognized government subsidies amounting to ¥3,394,440.28, which contributed positively to its financial performance[5] - Short-term borrowings surged by 122.38% to ¥477,376,163.07, reflecting the company's increased financing activities[6]