敦煌种业(600354) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 443,210,480.45, representing a year-on-year increase of 26.20%[2] - The net profit attributable to shareholders for the same period was CNY 39,469,161.14, reflecting a significant increase of 59.92% compared to the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 36,120,964.17, up by 65.36% year-on-year[2] - The basic earnings per share for Q1 2024 was CNY 0.0748, which is an increase of 59.83% compared to the same period last year[2] - Total operating revenue for Q1 2024 reached CNY 443,210,480.45, a 26.2% increase from CNY 351,206,675.36 in Q1 2023[12] - Net profit for Q1 2024 was CNY 90,427,205.88, up 52.2% from CNY 59,425,508.44 in Q1 2023[13] - The total comprehensive income for Q1 2024 was CNY 90,427,205.88, compared to CNY 59,425,508.44 in Q1 2023, indicating a 52.2% increase[14] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,738,182,251.30, a decrease of 9.39% from the end of the previous year[3] - The company's total liabilities decreased to CNY 938,172,721.48 in Q1 2024 from CNY 1,144,967,986.16 in Q1 2023, a reduction of approximately 18%[12] - The equity attributable to shareholders increased to CNY 637,849,103.25, marking a growth of 6.60% compared to the previous year[3] - The total equity attributable to shareholders increased to CNY 637,849,103.25 in Q1 2024, compared to CNY 598,379,942.11 in Q1 2023, reflecting a growth of 6.6%[12] Cash Flow - The net cash flow from operating activities was negative at CNY -3,006,292.28, indicating a decline in cash inflow from sales[2] - Cash flow from operating activities was CNY 125,828,125.79 in Q1 2024, down from CNY 190,934,074.54 in Q1 2023, a decline of 34.1%[16] - The net cash flow from operating activities was -$3,006,292.28, a significant decrease compared to $31,407,610.24 in the previous year, indicating a decline in operational efficiency[17] - Total cash inflow from investment activities was $50,123,219.18, down from $121,010,886.26, reflecting reduced investment returns[17] - The net cash flow from financing activities was -$51,094,504.24, contrasting with a positive cash flow of $40,687,227.24 in the same quarter last year, highlighting increased financial strain[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 70,853[7] - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities[9] - There were no significant changes in the shareholder structure or related party transactions disclosed in the report[9] Operational Metrics - The weighted average return on equity was 6.39%, an increase of 2.61 percentage points from the previous year[2] - Research and development expenses rose to CNY 2,803,742.37 in Q1 2024, compared to CNY 1,998,248.57 in Q1 2023, marking a 40.3% increase[12] - The company received government subsidies amounting to CNY 1,914,776.21, which are closely related to its normal business operations[4] Asset Composition - The company's current assets totaled CNY 1,137,816,905.04, down from CNY 1,325,302,511.83, indicating a decrease of about 14.16%[10] - Cash and cash equivalents were reported at CNY 723,093,928.33, a decrease from CNY 783,659,307.77, representing a decline of approximately 7.73%[9] - Accounts receivable increased to CNY 100,908,052.12 from CNY 60,641,845.73, marking an increase of about 66.25%[10] - Inventory decreased to CNY 248,967,206.92 from CNY 443,810,927.59, reflecting a significant decline of approximately 43.93%[10] - Short-term borrowings were reported at CNY 375,469,979.99, down from CNY 409,867,159.16, indicating a decrease of about 8.38%[10] - The company's non-current assets totaled CNY 600,365,346.26, slightly up from CNY 592,947,798.27, showing an increase of approximately 1.93%[10] Strategic Updates - The company did not provide any significant updates regarding new product development or market expansion strategies during the earnings call[9] - The company reported a cash outflow of $4,943,523.52 related to other financing activities, which was not present in the previous year, indicating new financial strategies[18] - The cash flow from investment activities showed a net outflow of -$33,318,654.63, compared to -$5,155,407.81, reflecting a shift in investment strategy[17]