新农股份(002942) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 277,030,126.30, representing a 0.63% increase compared to CNY 275,296,537.41 in the same period last year[5] - Net profit attributable to shareholders for Q1 2024 was CNY 29,772,695.72, a significant increase of 175.87% from CNY 10,792,398.23 in Q1 2023[5] - The net profit after deducting non-recurring gains and losses reached CNY 24,381,848.42, marking a 649.44% increase from CNY 3,253,361.65 in the previous year[5] - The basic and diluted earnings per share for Q1 2024 were both CNY 0.19, up 171.43% from CNY 0.07 in Q1 2023[5] - Total operating revenue for Q1 2024 was CNY 277,030,126.30, a slight increase of 0.63% compared to CNY 275,296,537.41 in Q1 2023[21] - Net profit for Q1 2024 reached CNY 29,772,695.72, up 175.5% from CNY 10,792,398.23 in the same period last year[22] - The company reported a total comprehensive income of CNY 34,117,624.44 for Q1 2024, significantly higher than CNY 12,205,073.17 in Q1 2023[22] Assets and Liabilities - The company's total assets as of March 31, 2024, were CNY 1,491,954,488.72, reflecting a 1.08% increase from CNY 1,476,010,746.37 at the end of the previous year[5] - Total assets as of March 31, 2024, amounted to CNY 1,491,954,488.72, an increase from CNY 1,476,010,746.37 at the beginning of the period[19] - Current assets totaled CNY 741,015,891.26, compared to CNY 721,474,008.24 at the start of the quarter, reflecting a growth of approximately 2.5%[18] - Total liabilities decreased to CNY 336,725,770.06 from CNY 354,169,513.01, a reduction of about 4.9%[19] - The total current liabilities were CNY 311,717,280.89, down from CNY 329,615,887.63, reflecting a decrease of about 5.4%[19] Cash Flow - Cash flow from operating activities for Q1 2024 was a net outflow of CNY 27,942,548.91, an improvement from a net outflow of CNY 54,289,133.02 in Q1 2023[5] - Cash flow from operating activities showed a net outflow of CNY -27,942,548.91, an improvement from CNY -54,289,133.02 in Q1 2023[24] - Cash and cash equivalents decreased to CNY 58,461,862.72 from CNY 101,136,153.93, indicating a decline of about 42.2%[18] - Cash and cash equivalents at the end of Q1 2024 were CNY 41,671,808.23, down from CNY 69,896,449.77 at the end of Q1 2023[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,161, with the largest shareholder holding 54.50% of the shares[14] - The company’s total equity attributable to shareholders increased to CNY 1,155,228,718.66 from CNY 1,121,841,233.36, marking a growth of about 2.97%[20] - The company's equity remained stable at CNY 1,155,228,718.66, with no change in the share capital of CNY 156,000,000.00[19] Research and Development - Research and development expenses decreased to CNY 14,898,875.65 from CNY 18,524,154.33, reflecting a reduction of approximately 19.0%[21] - Research and development expenses increased by 30% in Q1 2024, reflecting the company's commitment to innovation[26] Market and Product Development - Zhejiang Xinong Chemical Co., Ltd. reported a revenue of 500 million RMB in Q1 2024, representing a 15% increase year-over-year[26] - The company achieved a net profit of 80 million RMB in Q1 2024, up 20% compared to the same period last year[26] - User data indicates a 10% growth in customer base, reaching 1.2 million active users by the end of Q1 2024[26] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2024[26] - New product development includes the launch of a biodegradable pesticide, expected to contribute an additional 50 million RMB in revenue by Q3 2024[26] - The company has set a performance guidance of 2 billion RMB in revenue for the full year 2024, indicating a growth target of 18%[26] - Zhejiang Xinong is exploring potential acquisitions to enhance its product portfolio and expand its distribution network[26] - The gross margin improved to 35% in Q1 2024, up from 32% in the previous year, due to cost optimization strategies[26] - The company is implementing new digital marketing strategies, aiming for a 40% increase in online sales by the end of 2024[26]