中农联合(003042) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 504,847,216.52, representing a 20.48% increase compared to CNY 419,024,555.20 in the same period last year[5]. - Net profit attributable to shareholders decreased by 28.88% to CNY 17,020,776.89 from CNY 23,934,028.38 year-on-year[5]. - Basic and diluted earnings per share fell by 29.41% to CNY 0.12 from CNY 0.17 in the same quarter last year[5]. - Net profit for the current period was ¥17,020,776.89, a decrease of 28.6% from ¥23,934,028.38 in the same period last year[18]. - The total profit for the current period was ¥21,868,813.49, down 22.5% from ¥28,083,118.93 in the previous period[18]. Cash Flow and Operating Activities - The net cash flow from operating activities improved significantly, with a net outflow of CNY -9,493,741.31, an 87.68% reduction from CNY -77,047,987.38 in the previous year[5]. - The company reported a net cash outflow from operating activities of ¥9,493,741.31, an improvement from a net outflow of ¥77,047,987.38 in the previous period[21]. - The company experienced a net cash outflow from investing activities of ¥47,350,177.04, compared to a net outflow of ¥77,265,789.51 in the previous period[21]. Assets and Liabilities - Total assets decreased by 6.74% to CNY 3,298,406,922.37 from CNY 3,536,777,640.77 at the end of the previous year[5]. - The company's current assets decreased to CNY 1,394,651,793.81 from CNY 1,668,184,086.58, indicating a reduction of approximately 16.4%[14]. - Total liabilities decreased to CNY 1,601,176,888.06 from CNY 1,857,601,706.62, a reduction of about 13.8%[15]. - The company's cash and cash equivalents decreased to CNY 275,173,482.32 from CNY 315,811,223.45, a decline of approximately 12.8%[14]. - Cash and cash equivalents at the end of the period were ¥88,284,925.48, down from ¥393,182,892.99 at the end of the previous period[22]. Operating Costs and Expenses - The company's operating costs increased by 34.10% to CNY 407,577,857.07, attributed to higher sales volume[8]. - Total operating costs amounted to ¥486,157,241.50, up 24.5% from ¥390,514,147.55 in the prior period[17]. - Financial expenses rose by 62.27% to CNY 9,176,002.95 due to increased exchange losses during the reporting period[8]. - The company incurred financial expenses of ¥9,176,002.95, which is an increase of 62.5% from ¥5,654,664.18 in the previous period[17]. - Research and development expenses for the current period were ¥14,087,986.10, a decrease of 15.2% compared to ¥16,600,512.51 in the prior period[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,386, with the largest shareholder holding 30.57% of the shares[10]. - The company's retained earnings rose to CNY 700,240,483.07 from CNY 683,219,706.20, an increase of approximately 2.5%[15]. - The total equity attributable to the parent company increased to CNY 1,697,230,034.31 from CNY 1,679,175,934.15, reflecting a growth of about 1.1%[15]. Strategic Initiatives - The company plans to continue expanding its market presence and investing in new product development to drive future growth[5]. - The company established a wholly-owned subsidiary, Shandong Zhihui Testing Technology Co., Ltd., with a registered capital of CNY 10 million to enhance its R&D capabilities and business expansion[12]. Accounts Receivable and Inventory - Accounts receivable increased to CNY 433,894,599.45 from CNY 350,520,962.87, reflecting a growth of about 23.7%[14]. - Inventory decreased to CNY 553,910,592.15 from CNY 593,539,440.61, showing a decline of approximately 6.7%[14]. - Short-term borrowings increased to CNY 334,100,082.33 from CNY 326,029,829.51, reflecting a slight increase of about 2.3%[15].