粤海饲料(001313) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥851,078,299.61, a decrease of 11.07% compared to ¥957,027,319.93 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥56,160,071.15, which is a 15.70% increase in loss compared to a loss of ¥48,541,051.13 in the previous year[4] - The net cash flow from operating activities was -¥473,820,355.99, representing a significant decline of 308.96% from -¥115,861,221.64 in the same period last year[4] - The total operating revenue for Q1 2024 was CNY 851,078,299.61, a decrease of approximately 11.1% compared to CNY 957,027,319.93 in the same period last year[17] - The company's operating revenue for Q1 2024 was 877,090,429.17 CNY, down from 1,130,590,432.39 CNY in the previous period, representing a decrease of approximately 22.4%[21] - The net loss for Q1 2024 was 57,424,121.53 CNY, compared to a net loss of 49,548,883.07 CNY in the same period last year, indicating a worsening of approximately 15.0%[19] - The total comprehensive loss for Q1 2024 was -57,424,121.53 CNY, compared to -49,548,883.07 CNY in the previous year, indicating a decline of about 15.0%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,725,772,438.13, an increase of 1.95% from ¥4,635,270,233.30 at the end of the previous year[4] - Total assets increased to CNY 4,725,772,438.13 from CNY 4,635,270,233.30, reflecting growth in the asset base[14] - Total liabilities increased to CNY 2,118,739,560.14 from CNY 1,908,528,637.44, indicating a rise in financial obligations[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,670[10] - The top shareholder, Zhanjiang Shrimp Feed Co., Ltd., holds 37.80% of the shares, amounting to 264,612,000 shares[10] Cash Flow and Financial Management - The company's cash and cash equivalents decreased to CNY 841,442,220.90 from CNY 1,081,713,391.94, reflecting a decline of about 22.2%[13] - The cash and cash equivalents at the end of the period were 719,629,802.06 CNY, an increase from 580,691,467.88 CNY in the previous year[23] - The investment activities generated a net cash outflow of -121,202,557.47 CNY, compared to -653,705,731.17 CNY in the previous year, showing an improvement in cash flow management[22] Cost Management - The total operating costs for Q1 2024 were CNY 850,708,454.32, down from CNY 977,115,284.51 in the previous year, indicating a cost reduction strategy[17] - The cost of goods sold decreased to 748,382,435.27 CNY from 864,545,356.83 CNY, a reduction of about 13.5%[18] - The company's equity attributable to shareholders decreased by 4.34% to ¥2,611,180,324.43 from ¥2,729,715,295.68 at the end of the previous year[4] - The company's equity attributable to shareholders decreased to CNY 2,611,180,324.43 from CNY 2,729,715,295.68, a decline of approximately 4.3%[15] Research and Development - Research and development expenses decreased by 51.36% compared to the same period last year, indicating a strategic adjustment in R&D investment[8] - Research and development expenses were reduced to 10,493,246.39 CNY from 21,575,176.90 CNY, a decrease of approximately 51.4%[18] Borrowings and Financing - The company reported a 69.42% increase in short-term borrowings compared to the previous year, indicating a rise in financing needs[7] - Short-term borrowings rose significantly to CNY 953,561,400.26 from CNY 562,828,162.22, indicating a potential increase in leverage[14] - The company reported a significant increase in financial expenses, with interest expenses rising to 12,725,693.93 CNY from 11,170,321.94 CNY, an increase of about 13.9%[18] Strategic Focus - The company is focusing on cost control and efficiency improvements to enhance profitability in the upcoming quarters[17]