立华股份(300761) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥1,625,914,172.78, a decrease of 1.20% compared to ¥1,645,657,055.16 in the same period last year[3] - Net profit attributable to shareholders was ¥106,636,533.40, down 72.67% from ¥390,186,045.77 year-on-year[3] - Basic and diluted earnings per share were both ¥0.2833, a decrease of 73.67% from ¥1.0761 in the same period last year[3] - The company's net profit for Q1 2019 was CNY 106,636,533.40, a significant decrease from CNY 390,186,045.77 in the same period last year, representing a decline of approximately 72.6%[37] - The total profit for Q1 2019 was CNY 106,663,859.07, compared to CNY 390,186,045.77 in Q1 2018, reflecting a decline of approximately 72.6%[37] - The company's net profit for the period was CNY 84,640,015.29, compared to CNY 373,446,022.95 in the previous year, indicating a decline of about 77.3%[36] Cash Flow - Net cash flow from operating activities was ¥120,882,255.09, a decline of 74.51% compared to ¥474,322,268.86 in the previous year[3] - The cash flow from operating activities for Q1 2019 was CNY 1,564,836,826.36, compared to CNY 1,645,657,055.16 in the previous year, indicating a decrease of approximately 4.9%[42] - The company reported a total cash outflow from operating activities of ¥1,490,934,940.18, compared to ¥1,264,219,283.35 in the same period last year[43] - Total cash inflow from investment activities was ¥900,852,748.44, significantly higher than ¥386,132,246.17 in Q1 2018[44] - The net cash flow from investment activities was -¥891,087,811.75, compared to -¥691,874,445.70 in the previous year, indicating increased cash outflows[44] - Cash inflow from financing activities totaled ¥1,210,000,000.00, while cash outflow was ¥37,586,161.99, resulting in a net cash flow of ¥1,172,413,838.01[46] Assets and Liabilities - Total assets increased by 19.84% to ¥6,821,289,555.00 from ¥5,692,038,691.93 at the end of the previous year[3] - The company's total assets reached RMB 6.82 billion, up from RMB 5.69 billion at the end of 2018[29] - The company's total liabilities decreased to RMB 1.42 billion from RMB 1.54 billion year-over-year[30] - The company's total liabilities amounted to CNY 1,811,266,247.70, up from CNY 1,526,813,475.64, marking an increase of about 18.6%[34] - Current liabilities reached CNY 1,466,492,975.79, while total liabilities were CNY 1,543,903,250.84[48] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,504[6] - The largest shareholder, Cheng Lili, holds 23.31% of the shares, amounting to 94,150,000 shares[6] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[7] Investment and Projects - The company plans to invest a total of RMB 115 million in various projects, including the construction of integrated chicken breeding facilities and feed processing projects[21] - As of the report date, the company has invested RMB 70.99 million, representing 61.7% of the total planned investment[22] - The integrated chicken breeding project in Anqing has seen a progress rate of 68.03%, with an investment of RMB 9.67 million out of a total of RMB 14.21 million[21] Risks and Challenges - The company faces risks from animal diseases and natural disasters, which could impact production efficiency and costs[13] - The company faces risks related to food safety, which may require increased investment in quality control and testing, potentially raising production costs[16] - The company is exposed to inventory impairment risks due to fluctuations in market prices for live pigs and chickens, which could impact financial performance[16] Research and Development - The company is increasing its investment in technology research and development to enhance its overall technical capabilities in areas such as disease prevention and feed formulation[18] - Research and development expenses for the quarter were CNY 2,611,750.44, down from CNY 3,026,119.93, indicating a decrease of about 13.7%[36] Financial Management - The company approved the use of up to RMB 1.15 billion of idle raised funds for cash management, valid for 12 months from the date of shareholder approval[26] - As of the reporting period, the amount of idle raised funds invested in financial products that have not been redeemed is RMB 235 million[26] - The company has no reported issues with the use and disclosure of raised funds[26] - There are no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[27]