西部牧业(300106) - 2019 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2019 was CNY 170,780,840.46, an increase of 16.13% compared to CNY 147,065,259.06 in the same period last year[7] - Net profit attributable to shareholders was CNY 1,205,346.76, a significant turnaround from a loss of CNY 35,750,876.22, representing a growth of 103.37%[7] - The net profit after deducting non-recurring gains and losses was CNY 166,857.17, compared to a loss of CNY 31,148,750.94, marking a 100.54% increase[7] - Basic and diluted earnings per share were both CNY 0.0057, a recovery from a loss of CNY 0.1692 per share in the same period last year, reflecting a growth of 103.37%[7] - Operating profit grew by 99.89% and total profit increased by 104.71% compared to the previous year, attributed to optimized asset structure and improved management efficiency[16] - The company's total revenue for Q1 2019 reached 170.78 million yuan, an increase of 16.13% compared to the same period last year[18] - The net profit attributable to shareholders was 1.21 million yuan, reflecting a growth of 103.37% year-on-year[18] - Operating profit improved significantly to ¥724,878.73 compared to a loss of ¥32,827,440.62 in the previous period[42] - Net profit for the current period was ¥1,608,871.92, recovering from a net loss of ¥37,429,565.90 in the previous period[42] Cash Flow - The net cash flow from operating activities was negative CNY 48,619,178.35, worsening from negative CNY 24,362,709.55 in the previous year[7] - The company's cash flow from operating activities decreased by 99.56% compared to the same period last year[17] - The net cash flow from operating activities was -48,619,178.35 CNY, compared to -24,362,709.55 CNY in the previous period, indicating a decline in operational cash flow[49] - The total cash outflow for employee payments was 14,443,538.94 CNY, down from 23,772,514.67 CNY in the previous period[49] - The cash flow from operating activities showed a net inflow of 1,360,183.13 CNY, a significant recovery from -69,192,853.07 CNY in the previous period[53] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,131,892,719.49, a decrease of 0.49% from CNY 1,137,464,935.58 at the end of the previous year[7] - Total assets decreased from CNY 1,137,464,935.58 to CNY 1,131,892,719.49, a decline of approximately 0.32%[32] - Current liabilities decreased from CNY 389,368,105.59 to CNY 382,894,605.62, a reduction of about 1.22%[33] - Non-current liabilities decreased from CNY 48,516,189.08 to CNY 47,808,601.04, a decrease of approximately 1.46%[33] - Total liabilities decreased from CNY 437,884,294.67 to CNY 430,703,206.66, a decline of about 1.27%[33] - Owner's equity increased from CNY 699,580,640.91 to CNY 701,189,512.83, an increase of approximately 0.23%[34] - Total liabilities amounted to CNY 437,884,294.67, with current liabilities at CNY 389,368,105.59[57] - Total assets reached CNY 1,179,065,230.66, with current assets totaling CNY 678,537,444.36[59] Operational Strategy - The company aims to enhance its dairy product segment, focusing on infant formula milk powder as a key product[19] - The feed processing capacity has reached over 200,000 tons annually, with efforts to reduce costs and increase market competitiveness[21] - The company plans to invest in technology development for meat and oil products to improve quality and marketing capabilities[22] - The company is implementing a professional management approach to improve economic efficiency across subsidiaries[25] - The company aims to continue expanding its market presence and enhancing product development strategies moving forward[42] Financial Adjustments - The company has no significant changes in its major suppliers or customers during the reporting period[24] - The company reported a net loss of CNY 1,205,346.76 in retained earnings, compared to a loss of CNY 1,217,353.71 in the previous period, indicating a slight improvement[34] - Cash and cash equivalents decreased by 48.66% due to the purchase of raw materials and repayment of debts by subsidiaries[16] - Accounts receivable increased by 34.65% as subsidiaries actively expanded the market and increased product sales[16] - Cash and cash equivalents decreased from CNY 3,863,920.90 to CNY 3,560,780.84, a decline of about 7.83%[36] - Accounts receivable decreased from CNY 2,148,650.16 to CNY 1,948,822.40, a reduction of approximately 9.29%[36] - Inventory remained stable at CNY 986,668.11, unchanged from the previous period[36] - The company has not undergone an audit for the first quarter report[60] - There were no adjustments made for the new financial instrument and lease standards[60]