登海种业(002041) - 2024 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2024 was CNY 232,497,977.07, a decrease of 11.57% compared to CNY 262,932,208.54 in the same period last year[5] - Net profit attributable to shareholders was CNY 30,133,562.85, down 32.61% from CNY 44,718,132.09 year-on-year[5] - The company reported a 54.98% decline in net profit after deducting non-recurring gains and losses, amounting to CNY 13,856,322.25 compared to CNY 30,779,394.75 last year[5] - Total operating revenue for the current period was $232.50 million, a decrease of 11.6% from $262.93 million in the previous period[33] - Net profit for the current period was $32.05 million, a decline of 36.3% compared to $50.35 million in the previous period[33] - Basic and diluted earnings per share were both $0.0342, down from $0.0508 in the previous period[35] Cash Flow and Investments - The net cash flow from operating activities improved by 29.88%, reaching CNY -81,826,964.81 compared to CNY -116,694,910.47 in the previous year[5] - Cash inflow from operating activities totaled $166.54 million, a decrease of 14.6% from $194.96 million in the previous period[36] - The net cash flow from operating activities was -$81.83 million, an improvement from -$116.69 million in the previous period[38] - Total cash inflow from investment activities was $1.31 billion, down from $1.87 billion year-over-year[38] - The net cash flow from investment activities was $336.74 million, significantly higher than $79.13 million in the previous period[38] - Cash inflow from financing activities totaled $7.60 million, compared to $9.55 million in the prior year[38] - The net cash flow from financing activities was $600.10 thousand, a decrease from $9.11 million year-over-year[38] - The net increase in cash and cash equivalents was $255.51 million, contrasting with a decrease of $28.46 million in the previous period[38] - The ending balance of cash and cash equivalents was $678.79 million, up from $345.32 million year-over-year[38] Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,689,539,733.36, a decrease of 2.35% from CNY 4,802,168,323.50 at the end of the previous year[5] - The total current liabilities decreased to RMB 698,007,674.66 from RMB 839,633,416.13, representing a reduction of about 16.8%[29] - The total non-current liabilities decreased to RMB 74,947,784.16 from RMB 77,997,242.43, reflecting a decline of about 3.2%[29] - The company's accounts payable decreased significantly to RMB 40,743,924.21 from RMB 83,690,566.12, a reduction of approximately 51.2%[29] Inventory and Receivables - The number of accounts receivable decreased by 31.69%, primarily due to the collection of payments from subsidiary businesses[12] - The company's inventory decreased to RMB 765,531,116.88 from RMB 854,525,383.78, indicating a decline of approximately 10.4%[25] Other Income and Expenses - Other income increased by 52.15% due to a rise in government subsidies recognized during the period[12] - The company reported a tax expense of $2.09 million, significantly higher than $0.44 million in the previous period[33] - Research and development expenses were $12.70 million, slightly down from $13.02 million in the previous period[33] - The company experienced a financial expense of -$8.05 million, compared to -$7.78 million in the previous period[33] Corporate Actions - The company has decided to liquidate its subsidiary Heilongjiang Denghai Jiukexin Seed Industry Co., Ltd. due to long-term operational difficulties and losses[22] - The company plans to establish a wholly-owned subsidiary in Xinjiang Chabuchar Xibo Autonomous County, as approved in a board meeting on February 1, 2024[22] Retained Earnings and Equity - The total equity attributable to the parent company increased to RMB 3,599,687,511.11 from RMB 3,569,553,948.26, showing a growth of about 0.8%[29] - The company's retained earnings increased to RMB 2,316,655,581.10 from RMB 2,286,522,018.25, indicating a growth of approximately 1.3%[29] Audit Status - The company has not yet audited the first quarter report for 2024[40]