广农糖业(000911) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥950,871,799.26, a decrease of 18.73% compared to ¥1,169,981,826.30 in the same period last year[5] - The net profit attributable to shareholders was ¥4,830,937.43, down 48.62% from ¥9,401,870.18 year-on-year[5] - The net profit after deducting non-recurring gains and losses was -¥3,815,160.53, representing a decline of 169.51% compared to ¥5,489,021.93 in the previous year[5] - Basic earnings per share were ¥0.0121, down 48.51% from ¥0.0235 year-on-year[5] - The company's net loss for Q1 2024 was ¥2,409,079,590.24, slightly improved from a loss of ¥2,413,910,527.67 in Q1 2023[15] - The net profit for Q1 2024 was CNY 3,950,443.42, a decrease of 42.5% compared to CNY 6,820,862.83 in Q1 2023[17] - The total profit for Q1 2024 was CNY 10,632,042.83, down 29.5% from CNY 15,045,509.66 in the same period last year[17] - Operating profit for Q1 2024 was CNY 9,347,732.11, a decline of 40.5% from CNY 15,776,068.29 in Q1 2023[17] - The company reported a decrease in sales revenue from CNY 1,413,929,807.13 in Q1 2023 to CNY 1,125,952,725.20 in Q1 2024, reflecting a decline of approximately 20.3%[19] Cash Flow and Assets - The net cash flow from operating activities was -¥663,871,875.35, a decrease of 195.35% from -¥224,777,567.04 in the same period last year[5] - Cash flow from operating activities showed a net outflow of CNY -663,871,875.35, compared to a smaller outflow of CNY -224,777,567.04 in Q1 2023[19] - Cash flow from investing activities resulted in a net outflow of CNY -27,717,254.45, a significant decrease from a net inflow of CNY 89,723,489.76 in the previous year[19] - Cash flow from financing activities generated a net inflow of CNY 175,748,248.96, contrasting with a net outflow of CNY -27,746,810.82 in Q1 2023[20] - The total cash and cash equivalents at the end of Q1 2024 stood at CNY 845,628,090.30, slightly up from CNY 825,662,692.69 at the end of Q1 2023[20] - The company's cash and cash equivalents decreased to ¥889,728,844.82 from ¥1,427,107,162.26, a decline of 37.67%[13] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,780,090,932.00, an increase of 1.90% from ¥4,691,155,149.20 at the end of the previous year[5] - Current assets increased to ¥2,874,202,545.90 from ¥2,729,226,110.98 at the beginning of the year, reflecting a growth of 5.33%[13] - Inventory levels surged to ¥945,164,183.13, a significant increase of 191.14% compared to ¥324,597,018.38 at the start of the year[13] - Short-term borrowings rose to ¥3,620,638,998.53, an increase of 7.66% from ¥3,363,609,549.84 at the beginning of the year[14] - Non-current assets totaled ¥1,905,888,386.10, down from ¥1,961,929,038.22, indicating a decrease of 2.86%[14] - Total liabilities increased to ¥4,585,722,869.03 from ¥4,498,802,832.24, reflecting a rise of 1.94%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,719[9] - The equity attributable to shareholders increased by 5.01% to ¥101,844,191.89 from ¥96,987,951.87 at the end of the previous year[5] Government Support and R&D - The company received government subsidies amounting to ¥7,858,052.98 during the reporting period[6] - The company reported R&D expenses of ¥3,051,839.69, which is an increase of 87.06% compared to ¥1,630,120.85 in the previous year[16] Market and Production Insights - The main reason for the decline in net profit was a decrease in sugar sales volume, an increase in sugarcane purchase prices, and a decline in sugar production rate[8] - The company has not reported any new product developments or market expansions during this quarter[17]