丰乐种业(000713) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥580,162,902.85, a decrease of 5.63% compared to ¥614,803,976.65 in the same period last year[5] - The net profit attributable to shareholders was -¥13,731,834.52, representing a decline of 271.43% from ¥8,010,303.74 in the previous year[5] - Net profit for Q1 2024 was a loss of CNY 18,972,707.42, compared to a profit of CNY 7,852,218.42 in Q1 2023, indicating a significant decline[22] - The company's basic and diluted earnings per share were both -¥0.0224, a decrease of 272.31% from ¥0.0130 in the same period last year[5] - The company's basic and diluted earnings per share for Q1 2024 were both -0.0224, compared to 0.0130 in the same period last year[23] Cash Flow - The net cash flow from operating activities was -¥197,583,772.67, which is a 33.73% increase in negative cash flow compared to -¥147,751,651.34 last year[5] - The company's cash flow from operating activities showed a significant decline, contributing to the overall net loss for the quarter[22] - Total cash inflow from operating activities was 523,585,389.30 CNY, while cash outflow was 721,169,161.97 CNY, resulting in a net cash outflow of 197,583,772.67 CNY[24] - The net cash flow from investment activities was 159,878,975.69 CNY, an increase from 114,822,594.47 CNY in the previous period[25] - The net cash flow from financing activities improved to 28,109,261.37 CNY from -67,188,799.17 CNY in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,069,332,932.78, an increase of 3.94% from ¥2,953,035,625.21 at the end of the previous year[5] - Total liabilities for Q1 2024 were CNY 1,038,676,773.60, compared to CNY 904,686,331.03 in Q1 2023, reflecting an increase of 14.8%[19] - The company’s total equity attributable to shareholders decreased by 0.64% to ¥1,939,716,224.34 from ¥1,952,168,486.44 at the end of the previous year[5] Operational Metrics - Research and development expenses increased by 47.22% to ¥26,106,579.14 from ¥17,733,483.34 in the previous year[9] - The accounts receivable increased by 54.41% to ¥352,414,970.29 from ¥228,234,577.23, primarily due to increased receivables in the agricultural chemical business[9] - The company reported a significant increase in prepayments, which rose by 273.51% to ¥298,546,346.62 from ¥79,929,300.65[9] - Deferred income increased to CNY 31,683,409.52 in Q1 2024 from CNY 29,901,541.27 in the previous year, showing a growth of 6.0%[19] Shareholder Changes - The company plans to transfer 122,802,996 shares, representing 20.00% of total shares, to Guotou Seed Industry, which will become the controlling shareholder[14] - The transfer of shares is part of a strategic move to change the controlling shareholder, with the State-owned Assets Supervision and Administration Commission becoming the actual controller[14] - The company received approval from the National Market Supervision Administration for the acquisition process, indicating regulatory compliance[15] - The company’s total liabilities and equity will be impacted by the upcoming share transfer, which is expected to finalize soon[15] Tax and Employee Expenses - The company received tax refunds amounting to ¥9,989,502.14, an increase of 876.31% compared to ¥1,023,184.93 in the previous year[9] - The company paid 73,093,075.93 CNY to employees, an increase from 60,275,508.63 CNY in the previous period[24] Inventory and Current Assets - As of March 31, 2024, the total current assets amounted to CNY 1,642,421,027.44, an increase from CNY 1,539,002,360.50 at the beginning of the period, reflecting a growth of approximately 6.0%[17] - The company's cash and cash equivalents decreased to CNY 140,750,820.48 from CNY 144,781,537.27, a decline of about 2.8%[17] - Inventory decreased to CNY 672,963,358.65 from CNY 715,544,073.72, a reduction of about 5.9%[17] Compliance and Audit - The company has not yet audited the first quarter report[26]