立华股份(300761) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥2,735,753,789.29, a decrease of 81.08% compared to ¥1,510,798,260.85 in the same period last year[2] - Net profit attributable to shareholders was ¥288,112,235.58, a significant increase of 246.37% from a loss of ¥196,839,706.24 in the previous year[2] - The net cash flow from operating activities was ¥193,372,043.05, representing a 208.50% increase from a negative cash flow of ¥178,225,457.94 in the same period last year[2] - Basic earnings per share rose to ¥0.7134, compared to a loss of ¥0.4874 per share in the same period last year, marking a 246.37% improvement[2] - The company achieved operating revenue of 273,575.38 million RMB, an increase of 81.08% year-on-year[8] - Net profit attributable to shareholders reached 28,811.22 million RMB, representing a growth of 246.37% compared to the previous year[8] - The total operating revenue for the first quarter of 2021 was CNY 2,735,753,789.29, a significant increase from CNY 1,510,798,260.85 in the same period last year, representing an increase of approximately 81%[31] - The total profit for the first quarter was CNY 288.14 million, compared to a loss of CNY 196.81 million in the same period last year[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,332,112,347.71, an increase of 11.69% from ¥9,250,517,071.83 at the end of the previous year[2] - The net assets attributable to shareholders increased to ¥6,967,713,444.53, up 4.31% from ¥6,679,601,208.95 at the end of the previous year[2] - The total assets of the company as of March 31, 2021, amounted to CNY 6,806,318,812.69, compared to CNY 6,485,931,866.25 at the end of 2020, reflecting a growth of about 5%[29] - The total liabilities increased to CNY 3,601,690,984.11 from CNY 3,260,443,633.08, indicating a rise of approximately 10.5%[30] - The company's total current liabilities reached CNY 3,055,197,854.01, compared to CNY 2,762,077,955.10, indicating an increase of about 10.6%[30] - The non-current liabilities totaled CNY 546,493,130.10, up from CNY 498,365,677.98, reflecting an increase of approximately 9.7%[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,255[5] - The largest shareholder, Cheng Lili, holds 23.31% of the shares, amounting to 94,150,000 shares[5] Cash Flow - The net cash flow from operating activities was ¥193,372,043.05, compared to a negative cash flow of -¥178,225,457.94 in the same period last year, indicating a turnaround in operational cash generation[39] - The company reported a net cash outflow from investing activities of -¥624,267,139.13, a decrease from a positive cash flow of ¥136,324,145.94 in the previous year, reflecting increased investment expenditures[40] - The net cash flow from financing activities was ¥338,629,386.63, compared to ¥193,850,624.23 in the previous year, indicating an increase in cash inflow from financing[40] Research and Development - Research and development expenses rose by 107.77% compared to the previous year, reflecting increased investment in R&D[8] - Research and development expenses increased to CNY 7.62 million, up from CNY 3.67 million, reflecting the company's commitment to innovation[32] Risks and Challenges - Major risks include animal epidemics and natural disasters, which could lead to increased production costs and decreased consumption[10] - The company faces product price fluctuation risks, with yellow feather chickens and pigs accounting for over 99% of revenue, leading to potential profitability impacts due to market volatility[11] - Key raw materials for feed include corn, soybean meal, and wheat, with price fluctuations directly affecting operating costs and profitability[11] Projects and Investments - The company has ongoing projects funded by its initial public offering, including integrated chicken breeding and feed processing facilities, which are subject to various implementation risks[12] - The project "Anqing Lihua Annual Output of 17.5 million Chickens Integrated Breeding Project" is expected to reach operational status by May 31, 2021, with a completion rate of 84.59%[15] - The project "Zigong Lihua Annual Production of 180,000 Tons of Chicken Feed Processing Project" is also expected to reach operational status by May 31, 2021, with a completion rate of 86.20%[15] Financial Management - The company approved the use of up to RMB 300 million of idle raised funds for cash management, effective for 12 months from March 5, 2021[24] - The company has not utilized any excess raised funds for other purposes[18] - The company has not reported any changes in the feasibility of the committed investment projects[16] Miscellaneous - The company has not made significant adjustments to its annual operating plan during the reporting period and has been executing its production and management tasks in an orderly manner[10] - The company has not audited the first quarter report, indicating it is unaudited[48] - The company has implemented new leasing standards effective from January 1, 2021, impacting financial statement adjustments[47]