扬农化工(600486) - 2024 Q1 - 季度财报(更正)

Financial Performance - The company's operating revenue for Q1 2024 was CNY 3,175,722,146.35, a decrease of 29.43% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 429,124,709.66, down 43.11% year-on-year[4] - Basic earnings per share were CNY 1.056, a decrease of 43.60% year-on-year[4] - Total operating revenue for Q1 2024 was CNY 3,175,722,146.35, a decrease of 29.4% compared to CNY 4,500,001,753.05 in Q1 2023[18] - Net profit for Q1 2024 was CNY 429,255,744.17, a decline of 43.1% from CNY 754,527,453.92 in Q1 2023[20] - Basic earnings per share for Q1 2024 were CNY 1.056, compared to CNY 1.872 in Q1 2023, reflecting a decrease of 43.4%[20] Cash Flow - The net cash flow from operating activities was CNY 1,132,964,225.39, reflecting a decline of 25.52% compared to the previous year[4] - Cash flow from operating activities for Q1 2024 was CNY 1,132,964,225.39, down 25.5% from CNY 1,521,076,742.64 in Q1 2023[23] - The company achieved cash inflow from operating activities totaling CNY 3,287,827,140.55 in Q1 2024, down from CNY 4,079,729,080.04 in Q1 2023[23] - The cash inflow from financing activities totaled 1,150,000,000.00 CNY, significantly higher than 250,000,271.20 CNY in the previous period[24] - The net cash flow from financing activities was 293,088,157.96 CNY, a turnaround from -6,941,770.17 CNY in the previous period[24] - The company experienced a net increase in cash and cash equivalents of 1,326,005,502.32 CNY during the period[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,104,053,199.00, an increase of 8.92% from the end of the previous year[4] - Accounts receivable increased to RMB 2,782,495,578.56 from RMB 1,894,564,262.29, reflecting a rise of about 46.8%[11] - Total current assets reached RMB 10,190,110,972.63, up from RMB 9,074,848,222.53, indicating an increase of approximately 12.3%[11] - Total liabilities increased to RMB 6,976,036,713.92 from RMB 6,025,785,630.50, which is an increase of approximately 15.8%[16] - The company's total equity attributable to shareholders rose to RMB 10,122,128,100.35 from RMB 9,671,738,141.26, reflecting an increase of about 4.6%[16] Expenses - Management expenses decreased by 35.91% as a result of cost reduction measures implemented by the company[7] - R&D expenses decreased by 35.96% due to a decline in the prices of R&D materials[7] - Research and development expenses for Q1 2024 were CNY 75,288,585.24, a decrease of 36.0% from CNY 117,572,096.81 in Q1 2023[18] - Sales expenses for Q1 2024 were CNY 51,344,388.51, slightly up from CNY 51,325,045.91 in Q1 2023[18] Government Support - The company received government subsidies amounting to CNY 1,030,815.61, contributing to other income growth of 107.97%[7] Other Financial Metrics - The weighted average return on equity was 4.34%, a decrease of 4.13 percentage points compared to the previous year[4] - The company reported other comprehensive income after tax of CNY 9,163,569.42 for Q1 2024, compared to CNY 2,889,788.69 in Q1 2023[20]