新农股份(002942) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥320,004,497.46, representing a 19.13% increase compared to ¥268,614,860.48 in the same period last year[8] - The net profit attributable to shareholders for Q1 2020 was ¥49,106,145.11, a 3.22% increase from ¥47,575,760.89 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥47,248,774.00, up 12.10% from ¥42,148,450.52 in the previous year[8] - The basic earnings per share for Q1 2020 was ¥0.41, a 2.50% increase from ¥0.40 in the previous year[8] - The net profit attributable to the parent company increased to CNY 367,300,037.00 from CNY 318,193,891.89, marking a growth of approximately 15.4%[37] - Total comprehensive income for the quarter was CNY 52,289,585.63, compared to CNY 51,670,934.77 in the prior year[45] Cash Flow - The net cash flow from operating activities was -¥46,107,702.23, a significant decrease of 193.09% compared to ¥49,531,261.97 in the same period last year[8] - Operating cash inflow for the current period was CNY 234,412,623.22, an increase from CNY 219,179,921.13 in the previous period, reflecting a growth of approximately 10.6%[52] - Cash outflow from operating activities totaled CNY 280,520,325.45, compared to CNY 169,648,659.16 in the prior period, indicating a significant increase of about 65.2%[52] - The net cash flow from operating activities was negative at CNY -46,107,702.23, a decline from a positive CNY 49,531,261.97 in the previous period[52] - Cash inflow from investment activities was CNY 185,010,321.42, a substantial increase from CNY 10,800.00 in the prior period[52] - Cash outflow from investment activities was CNY 162,338,514.25, down from CNY 236,741,233.17, showing a decrease of approximately 31.4%[52] - The net cash flow from investment activities was CNY 22,671,807.17, a recovery from a negative CNY -236,730,433.17 in the previous period[52] - Cash inflow from financing activities was CNY 24,500,000.00, a decrease from CNY 42,244,500.00 in the prior period, reflecting a decline of about 42.0%[53] - Cash outflow from financing activities totaled CNY 29,708,082.48, down from CNY 68,377,958.12, indicating a decrease of approximately 56.6%[53] - The net cash flow from financing activities was negative at CNY -5,208,082.48, an improvement from CNY -26,133,458.12 in the previous period[53] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,286,702,422.43, a decrease of 1.65% from ¥1,308,329,171.52 at the end of the previous year[8] - The total liabilities decreased to CNY 309,259,026.63 from CNY 383,175,361.35, reflecting a reduction of about 19.3%[36] - The total current assets decreased from 796,372,709.76 CNY to 766,059,763.44 CNY, a decline of about 4%[34] - The company's cash and cash equivalents decreased from 191,791,931.45 CNY on December 31, 2019, to 151,686,811.56 CNY on March 31, 2020, reflecting a decline of approximately 21%[34] - Accounts receivable increased from 106,097,927.56 CNY at the end of 2019 to 133,879,305.57 CNY by the end of Q1 2020, representing an increase of about 26%[34] - The company's inventory decreased from 119,910,494.58 CNY to 103,358,755.40 CNY, indicating a reduction of approximately 14%[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,465[12] - Zhejiang Xinhui Investment Co., Ltd. held 54.50% of the shares, making it the largest shareholder[12] - The total equity attributable to the parent company rose to CNY 977,443,395.80 from CNY 925,153,810.17, an increase of about 5.7%[37] Expenses and Financial Management - Management expenses increased by 31.74% to CNY 16,452,960.17 from CNY 12,488,602.82, primarily due to higher salaries and consulting fees[17] - Financial expenses showed a significant decrease of 137.30%, resulting in a net income of CNY -1,164,732.08 compared to CNY 3,122,707.38 in the previous year, mainly due to increased exchange gains[17] - Other income decreased by 47.52% to CNY 1,919,025.79 from CNY 3,656,437.69, mainly due to a reduction in government subsidies received[17] - Research and development expenses were CNY 10,339,984.23, down from CNY 12,548,231.59, showing a reduction in investment in this area[44] Compliance and Strategy - The company has not yet audited its first-quarter report for 2020, indicating a lack of external validation for the reported figures[63] - The company is implementing new revenue and lease standards starting in 2020, which may affect future financial reporting[63] - The company has not engaged in any securities investments during the reporting period, maintaining a conservative investment strategy[21] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period, ensuring financial integrity[29] - The company has not conducted any research, communication, or interview activities during the reporting period, reflecting a focus on internal operations[30]