禾丰股份(603609) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 7,221,755,333, representing a decrease of 7.93% compared to the same period last year[6]. - The net profit attributable to shareholders of the listed company was a loss of CNY 102,487,079.30, a decline of 627.34% year-on-year[6]. - The basic and diluted earnings per share were both CNY -0.11, reflecting a decrease of 650.00% compared to the previous year[6][10]. - Net loss for Q1 2024 was CNY 133,571,999.97, compared to a net profit of CNY 207,967.14 in Q1 2023, indicating a significant decline in profitability[20]. - The decline in net profit was mainly attributed to reduced profits from the poultry and raw material trading businesses compared to the previous year[9]. Cash Flow - The net cash flow from operating activities was negative at CNY -344,752,921.60, indicating a significant cash outflow[6]. - In Q1 2024, the total cash inflow from operating activities was CNY 7,190,822,138.59, a decrease of 6.35% compared to CNY 7,678,444,208.07 in Q1 2023[23]. - The net cash flow from operating activities was -CNY 344,752,921.60, worsening from -CNY 288,366,567.32 in the same period last year[23]. - Cash inflow from investment activities totaled CNY 5,152,355.17, down significantly from CNY 72,348,608.77 in Q1 2023[23]. - The net cash flow from investment activities was -CNY 102,308,173.24, compared to -CNY 44,584,058.34 in the previous year[23]. - Cash inflow from financing activities was CNY 914,781,283.41, an increase from CNY 756,111,965.76 in Q1 2023[23]. - The net cash flow from financing activities improved to CNY 9,381,982.14 from CNY 2,345,374.10 year-over-year[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,867,819,856.75, a slight decrease of 0.46% from the end of the previous year[7]. - The company's total assets as of March 31, 2024, were CNY 14,867,819,856.75, slightly down from CNY 14,937,114,834.54 at the end of 2023[17]. - Current liabilities decreased to CNY 3,834,079,855.83 in Q1 2024 from CNY 4,558,424,323.85 in Q4 2023, a reduction of 15.9%[16]. - Long-term borrowings increased significantly to CNY 1,698,250,065.06 in Q1 2024 from CNY 920,051,517.19 in Q4 2023, reflecting an increase of 84.5%[16]. - The total equity attributable to shareholders decreased to CNY 6,554,239,409.09 in Q1 2024 from CNY 6,659,295,008.79 at the end of 2023, a decline of 1.6%[17]. Shareholder Information - The company had 27,383 common shareholders at the end of the reporting period, with the largest shareholder holding 16.27% of the shares[12]. Operating Costs and Expenses - Total operating costs for Q1 2024 were CNY 7,296,759,358, down from CNY 7,873,979,036 in Q1 2023, reflecting a reduction of 7.3%[19]. - Research and development expenses for Q1 2024 were CNY 7,081,720.13, significantly lower than CNY 19,346,275.41 in Q1 2023, a decrease of 63.4%[19]. Foreign Exchange Impact - The company experienced a foreign exchange gain of CNY 417,923.85 in Q1 2024, contrasting with a loss of CNY 1,242,731.00 in Q1 2023[23].