神农集团(605296) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was RMB 1,082,373,038.18, representing a year-on-year increase of 20.82%[10] - The net profit attributable to shareholders of the listed company was a loss of RMB 3,565,859.52, a decrease of 96.63% compared to the same period last year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 5,725,776.63, an increase of 105.47% year-on-year[10] - Basic earnings per share were -0.01 RMB, a decrease of 95.00% year-on-year[10] - Diluted earnings per share were also -0.01 RMB, a decrease of 95.00% compared to the same period last year[10] - The weighted average return on net assets was -0.09%, an increase of 2.20 percentage points year-on-year[10] - The significant decrease in net profit was mainly due to the reversal of pig price decline provisions from the previous year[12] - The net profit for the current period was approximately -$3.60 million, compared to -$105.87 million in the previous year, showing a significant improvement[38] - The total comprehensive loss attributable to the parent company was approximately -$3.57 million, compared to -$105.87 million in the previous year[38] - The company reported a net loss of approximately ¥6.50 million for the first quarter, compared to a net loss of ¥2.85 million in the same period last year, indicating an increase in losses of about 128%[43] Revenue and Costs - The increase in operating revenue was primarily due to a rise in pig sales compared to the same period last year[12] - The total operating costs for Q1 2024 were ¥1,119,920,793.10, up from ¥961,281,955.07 in Q1 2023, reflecting a year-over-year increase of 16.5%[75] - Total revenue for the first quarter was not explicitly stated, but the operating profit was reported at approximately -¥7.00 million, which is a decline from -¥2.95 million year-over-year[43] - Operating revenue for Q1 2024 was CNY 78,352,423.51, a decrease of 22.9% compared to CNY 101,724,018.52 in Q1 2023[94] - Operating costs for Q1 2024 were CNY 60,532,923.14, down from CNY 86,075,863.08 in Q1 2023, reflecting a reduction of 29.7%[94] Cash Flow and Liquidity - The net cash flow from operating activities was a negative RMB 45,651,837.13, reflecting a decrease of 78.83% compared to the previous year[10] - Cash and cash equivalents decreased to approximately $103.01 million from $174.10 million at the end of the previous year[24] - The company reported a cash inflow of 264,270,571.65 from loans in Q1 2024, indicating a strong financing position[99] - The company reported a net cash outflow from financing activities of approximately ¥11.49 million, compared to an inflow of ¥1.06 million in the previous year[54] - In Q1 2024, the net cash flow from operating activities was -83,760,801.09, a significant decline compared to -24,820,822.75 in Q1 2023[96] - The cash flow from operating activities showed a total outflow of 135,359,959.52 in Q1 2024, compared to 113,214,720.26 in Q1 2023[96] Assets and Liabilities - The total assets at the end of the reporting period were approximately $5.96 billion, an increase of 4.46% compared to the end of the previous year[31] - The total liabilities increased to ¥1,759,598,699.38 in Q1 2024, compared to ¥1,506,570,912.72 in Q1 2023, indicating a growth of 16.7%[74] - The company’s total current assets amounted to approximately $1.77 billion, slightly up from $1.74 billion at the end of the previous year[24] - The total assets as of March 31, 2024, amounted to CNY 3,935,771,773.86, an increase from CNY 3,843,374,835.91 at the end of 2023[92] - The total liabilities as of March 31, 2024, were CNY 460,704,349.32, up from CNY 366,778,764.65 at the end of 2023[92] Fundraising and Investments - The company raised RMB 224,488.24 million from the public offering of 40.03 million shares at RMB 56.08 per share[7] - The company has utilized all surplus raised funds from its 2021 public offering to permanently supplement its working capital for daily operations[34] - The company raised a net amount of ¥209,143.44 million from fundraising after deducting related expenses of ¥18.75 million[71] - The company has a remaining balance of approximately ¥5.85 million in raised funds after accounting for project investments and interest income[63] Research and Development - Research and development expenses for Q1 2024 were ¥3,098,431.35, a decrease of 36.1% from ¥4,851,637.50 in Q1 2023[75] - Research and development expenses for Q1 2024 were CNY 3,098,431.35, down 36.1% from CNY 4,851,637.50 in Q1 2023[94]