华英农业(002321) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥741,662,532.89, representing a 22.64% increase compared to ¥604,747,413.72 in the same period last year[4] - Net profit attributable to shareholders decreased by 76.71% to ¥1,116,864.63 from ¥4,794,536.14 year-on-year[4] - The total operating revenue for Q1 2024 was CNY 741,662,532.89, representing an increase of 22.6% compared to CNY 604,747,413.72 in Q1 2023[22] - The net profit for Q1 2024 was CNY 20,072,925.21, an increase of 9.8% from CNY 18,299,617.39 in Q1 2023[24] - The company reported a gross profit margin of approximately 1.4% for Q1 2024, compared to 2.4% in Q1 2023[22] - The total liabilities increased to CNY 2,388,041,159.97 in Q1 2024, compared to CNY 2,283,226,733.61 in Q1 2023, reflecting a growth of 4.6%[20] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of ¥986,259.30, a 99.22% reduction from a net outflow of ¥125,902,196.28 in the previous year[4] - The total cash inflow from operating activities for Q1 2024 was CNY 1,030,963,178.97, an increase of 30% compared to CNY 793,804,822.84 in Q1 2023[26] - The cash inflow from investing activities was CNY 3,184,702.75, significantly down from CNY 60,936,653.83 in Q1 2023, resulting in a net cash outflow of CNY -17,170,010.98[27] - The cash inflow from financing activities totaled CNY 538,348,925.00, up from CNY 418,126,803.11 in the previous year, with a net cash inflow of CNY 2,674,192.86[27] - The ending balance of cash and cash equivalents was CNY 88,665,804.39, down from CNY 173,516,070.83 at the end of Q1 2023[27] - The company reported a significant decrease in cash and cash equivalents, with a net decrease of ¥15,186,590.70, reflecting reduced cash inflows from investment and financing activities[10] Assets and Inventory - Total assets increased by 3.39% to ¥3,803,890,739.31 compared to ¥3,679,003,387.74 at the end of the previous year[4] - The company's inventory rose by 32.53% to ¥986,506,894.07, primarily due to increased raw material stock by subsidiaries[9] - Accounts receivable decreased from 449,085,398.00 RMB to 429,657,927.30 RMB, a reduction of about 4.31%[18] - The total current assets increased from 1,883,554,760.42 RMB to 2,030,766,274.73 RMB, an increase of about 7.83%[18] - The total non-current assets increased from 1,252,395,904.44 RMB to 1,223,811,231.02 RMB, a decrease of approximately 2.29%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,913[12] - The largest shareholder, Xinyang Dingxin Xinghua Investment Partnership, holds 24.00% of shares, totaling 511,893,617 shares[12] - The company has a significant number of pledged shares, with 228,000,000 shares pledged by Henan Guangzhou Chenyue Industrial Co., Ltd.[12] Expenses and Investments - The company recorded a 46.89% increase in selling expenses, totaling ¥11,876,113.76, due to enhanced marketing efforts[9] - Research and development expenses for Q1 2024 were CNY 2,399,062.24, up from CNY 2,176,764.82 in Q1 2023, indicating a focus on innovation[23] - The total operating costs for Q1 2024 were CNY 729,171,654.04, up 23.5% from CNY 590,776,795.54 in the same period last year[22] Strategic Plans - The company has a plan for strategic expansion and product development, reflecting confidence in future growth[15] - The company plans to increase its shares by an amount between 20 million RMB and 35 million RMB, with 480,880 shares already purchased, representing 0.2255% of total shares[15] Other Notable Points - The company did not report any new product launches or significant market expansion strategies during this quarter[28]