SHUNXIN AGRICULTURE(000860)2024-04-26 10:07Revenue Performance - Revenue for the first quarter was ¥4,056,913,966.04, a decrease of 0.75% compared to the same period last year[1]. - Total operating revenue for Q1 2024 was approximately ¥4.06 billion, a slight decrease of 0.75% compared to ¥4.09 billion in the previous period[44]. - The total revenue for Q1 2024 showed a significant increase, contributing to the overall positive performance despite challenges in financing activities[62]. Profitability - Net profit attributable to shareholders was ¥450,576,815.92, representing a 37.42% increase year-over-year[1]. - The total net profit for Q1 2024 was CNY 451.818 million, an increase from CNY 325.782 million in Q1 2023, representing a growth of approximately 38.6%[62]. - The basic and diluted earnings per share for Q1 2024 were both CNY 0.6074, compared to CNY 0.4420 in the same period last year[62]. Cash Flow - Net cash flow from operating activities improved to -¥444,071,088.79, a 71.90% increase compared to the previous year[1]. - Net cash flow from operating activities was negative at approximately -¥444 million, an improvement from -¥1.58 billion in the previous period[48]. - The net cash flow from financing activities was CNY -66.716 million, compared to CNY 57.3927 million in the previous year[49]. - The net cash flow from investment activities increased by CNY 19.5718 million, a growth of 44.83%, mainly due to a decrease in cash paid for fixed asset construction compared to the same period last year[51]. Assets and Liabilities - Total assets decreased by 7.97% to ¥14,142,961,708.43 compared to the end of the previous year[1]. - The total assets decreased to approximately ¥14.14 billion from ¥15.37 billion, reflecting a decline of about 8.03%[44]. - Total liabilities decreased to approximately ¥6.89 billion, down 19.63% from ¥8.57 billion in the previous period[44]. - Shareholder equity increased by 6.64% to ¥7,233,302,919.64 compared to the end of the previous year[1]. - Owner's equity increased to approximately ¥7.25 billion, up from ¥6.80 billion, representing a growth of about 6.56%[44]. Inventory and Receivables - Accounts receivable increased by ¥206,556,900, a growth of 199.00%, due to increased support for distributors[11]. - Inventory decreased by ¥787,166,400, a decline of 35.88%, primarily due to sales of liquor[12]. - Total current assets decreased from CNY 10,107,212,465.12 to CNY 9,000,031,172.72, a decline of approximately 10.96%[40]. - Accounts receivable increased from CNY 38,059,334.75 to CNY 45,016,932.55, an increase of approximately 18.93%[40]. - Inventory decreased significantly from CNY 2,194,181,966.67 to CNY 1,407,015,548.61, a reduction of about 35.83%[40]. Shareholder Information - The number of total shareholders at the end of the reporting period was 84,453, with the largest shareholder holding 38.35%[36]. - The largest shareholder, Beijing Shunxin Holdings Group Co., Ltd., holds 284,474,168 shares[36]. - The company has no pledged, marked, or frozen shares as per the shareholder information[36]. Research and Development - Research and development expenses were approximately ¥7.33 million, a slight decrease from ¥7.69 million in the previous period[44]. Future Outlook - The company plans to focus on expanding its market presence and investing in new product development to drive future growth[63]. - The company has not undergone an audit for the Q1 2024 report, indicating preliminary figures subject to change[49].