中农立华(603970) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,397,490,584.10, representing a year-on-year increase of 2.32%[2] - The net profit attributable to shareholders for the same period was CNY 56,835,448.06, reflecting a growth of 5.96% compared to the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 54,048,074.83, which is an increase of 7.50% year-on-year[2] - The basic earnings per share for Q1 2024 was CNY 0.2114, up by 5.91% from the same period last year[2] - Total operating revenue for Q1 2024 was CNY 2,397,490,584.10, an increase of 2.5% compared to CNY 2,343,089,117.74 in Q1 2023[13] - Net profit for Q1 2024 reached CNY 63,026,922.86, up from CNY 59,163,021.36 in Q1 2023, representing a growth of 6.4%[14] - The company reported a gross profit margin of approximately 3.9% for Q1 2024, compared to 3.4% in Q1 2023[13] - The total operating costs for Q1 2024 were CNY 2,304,802,351.60, an increase of 1.8% from CNY 2,262,988,217.39 in Q1 2023[13] - Earnings per share for Q1 2024 were CNY 0.2114, up from CNY 0.1996 in Q1 2023, reflecting a growth of 9.0%[15] - The company recorded a decrease in sales expenses to CNY 38,621,870.54 in Q1 2024 from CNY 51,522,633.14 in Q1 2023, a reduction of 25.0%[14] - Other comprehensive income after tax for Q1 2024 was CNY 60,588.62, compared to a loss of CNY -28,057.86 in Q1 2023, indicating a positive turnaround[15] Assets and Liabilities - The total assets at the end of Q1 2024 amounted to CNY 7,200,914,615.55, marking a 19.85% increase from the end of the previous year[3] - The equity attributable to shareholders at the end of Q1 2024 was CNY 1,496,410,034.28, which is a 3.95% increase compared to the end of the previous year[3] - The company's total assets reached ¥7,200,914,615.55, an increase from ¥6,008,221,030.09 as of December 31, 2023, reflecting a growth of approximately 19.87%[9] - The company's current assets totaled ¥6,928,390,793.56, up from ¥5,738,047,852.39, indicating an increase of about 20.77%[10] - Total liabilities amounted to ¥5,543,677,461.37, compared to ¥4,414,071,387.39, reflecting an increase of about 25.56%[12] - Short-term borrowings rose to ¥929,086,254.69 from ¥628,867,786.16, indicating an increase of approximately 47.83%[11] - The company reported a significant increase in accounts payable, which rose to ¥1,883,122,774.52 from ¥889,405,563.89, representing an increase of about 111.73%[11] - The company's total equity remained stable at ¥268,800,134.00, unchanged from the previous period[12] Cash Flow - The net cash flow from operating activities for Q1 2024 was negative at CNY -698,997,933.99, which is not applicable for year-on-year comparison[2] - Cash flow from operating activities showed a net outflow of CNY -698,997,933.99 in Q1 2024, an improvement from CNY -771,439,540.60 in Q1 2023[18] - The net cash flow from investing activities was $199,571,875.53, an increase from$107,779,706.23 in the previous period[19] - Cash inflow from financing activities totaled $602,000,000.00, with a net cash flow of$290,488,060.94 compared to a negative $510,118,714.88 previously[19] - The company experienced a net decrease in cash and cash equivalents of$211,165,780.42, compared to a decrease of $1,185,187,103.65 in the prior period[19] - The ending balance of cash and cash equivalents was$338,992,858.31, down from $402,830,765.85[19] - The company acquired loans amounting to$602,000,000.00 during the quarter[19] - Cash outflow for debt repayment was $300,000,000.00, while cash paid for dividends and interest was$7,653,497.68[19] - The cash flow from investing activities included a total cash outflow of $813,475,373.03, compared to$196,097,443.77 in the previous period[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,885[6] - The largest shareholder, China Agricultural Materials Group Co., Ltd., holds 50.25% of the shares, totaling 135,072,000 shares[6] Other Information - Non-recurring gains included government subsidies of CNY 595,249.78 and gains from entrusted asset management of CNY 3,286,975.62[4] - The company has not reported any changes in major shareholders or significant operational strategies during the reporting period[8] - The company did not apply new accounting standards for the first quarter of 2024[20] - Research and development expenses increased significantly to CNY 13,560,719.92 in Q1 2024, compared to CNY 6,600,786.46 in Q1 2023, marking a rise of 105.5%[14]