Securities code: Angel Yeast Co.Ltd(600298) securities abbreviation: Angel Yeast Co.Ltd(600298)
First quarter report 2022
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important contents prompt that the board of directors, the board of supervisors, directors, supervisors and senior managers of the company guarantee that the contents of the quarterly report are true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities. The person in charge of the company, the person in charge of accounting and the person in charge of the accounting organization (Accounting Supervisor) ensure that the information in the financial statements in the quarterly report is true, accurate and complete. Whether the financial statements of the first quarter have been audited □ yes √ no I. main financial data (I) main accounting data and financial indicators
Unit: yuan currency: RMB
Increase or decrease of the project in the reporting period over the same period of last year (%)
Operating income 303175891032 14.14
Net profit attributable to shareholders of listed companies: 31253664064 -29.30
Deduction attributable to shareholders of listed companies non recurring 26474547060 -36.09
Net profit from profit or loss
Net cash flow from operating activities -31250308488 29.70
Basic earnings per share (yuan / share) 0.3793 -29.30
Diluted earnings per share (yuan / share) 0.3789 -29.36
Weighted average return on net assets (%) 4.46, down 2.77 percentage points
Increase or decrease at the end of the reporting period compared with the end of the previous year at the end of the reporting period (%)
Total assets 14018807642891344564746686 4.26
719297322921685406061617 4.94 attributable to shareholders of listed companies
Owner’s equity (II) non recurring profit and loss items and amounts
Unit: yuan currency: RMB
Description of current amount of the project
Gains and losses on disposal of non current assets -26290621
Approval beyond authority, or without formal approval documents, or occasional tax return, reduction or exemption of government subsidies included in the current profit and loss, but with the normal business of the company
Business is closely related, in line with national policies and regulations and in accordance with certain standards 5920678832
Except for the government subsidies that are continuously enjoyed in a fixed or fixed amount, the capital occupation fee charged to the non-financial enterprise included in the current profit and loss, the investment cost of the enterprise to obtain the subsidiaries, associated enterprises and joint ventures is less than the income generated by the fair value of the identifiable net assets of the investee when obtaining the investment, the profit and loss of non monetary assets exchange, the profit and loss of entrusting others to invest or manage the assets due to force majeure, For example, the provision for impairment of various assets due to natural disasters, the profit and loss of debt restructuring, and the expenses of enterprise restructuring, such as the expenses for resettling employees Profits and losses exceeding the fair value arising from transactions with significantly unfair transaction prices such as integration expenses. The current net profits and losses of subsidiaries arising from business combinations under the same control from the beginning of the period to the merger date. The profits and losses arising from contingencies unrelated to the company’s normal business, in addition to the effective hedging business related to the company’s normal business, hold trading financial assets, derivative financial assets, trading financial liabilities Gains and losses from changes in fair value of derivative financial liabilities, as well as investment income obtained from disposal of trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities and other creditor’s rights investments, receivables and contract assets subject to separate impairment test
The profits and losses obtained from the provision for reversal of entrusted loans are subsequently measured by the fair value model. The profits and losses arising from the changes in the fair value of investment real estate are adjusted in one time according to the requirements of tax, accounting and other laws and regulations. The impact on the current profits and losses is the custody fee income obtained from entrusted operation
Other non operating income and expenditure other than the above items 196888643
Other profit and loss items that meet the definition of non recurring profit and loss
Less: income tax impact 1228052308
Influence amount of minority shareholders’ equity (after tax) 84107542
Total 4779117004
Description of defining the non recurring profit and loss items listed in the explanatory announcement on information disclosure of companies offering securities to the public No. 1 – non recurring profit and loss as recurring profit and loss items □ applicable √ not applicable (III) changes in main accounting data and financial indicators, reasons √ applicable □ not applicable
Main reasons for the change proportion of project name
（%）
The decrease of 29.30% over the same period of the previous year was mainly due to the rise of molasses and net profit attributable to shareholders of listed companies, the increase of raw material costs, the increase of period expenses and the decline of net profit.
The deduction attributable to shareholders of listed companies decreased by 36.09% compared with the same period of the previous year, mainly due to the rise of raw material costs, the increase of expenses during the period and the decline of net profit.
The net cash flow from operating activities increased by 29.70% over the same period last year, mainly due to the increase in cash received from the sale of goods and the provision of labor services.
The decrease of 29.30% over the same period of the previous year was mainly due to the rise in the cost of molasses and main basic earnings per share (yuan / share) – 29.30%, the increase in period expenses and the decline in net profit.
The decrease of 29.36% over the same period of the previous year was mainly due to the rise of raw material costs of molasses and main diluted earnings per share (yuan / share) – 29.36%, the increase of period expenses and the decline of net profit.
Monetary capital decreased by 30.92% compared with the end of last year, mainly due to the centralized purchase of molasses and main raw materials and the payment of year-end bonus in the reporting period.
Accounts receivable increased by 32.61% over the end of last year, mainly due to the increase in sales.
The financing of receivables decreased by 36.31% compared with the end of last year, mainly due to the due collection of bank acceptance bills received.
The prepayment increased by 66.03% over the end of last year, mainly due to the centralized purchase of main raw materials.
The payroll payable was -62.09%, a decrease of 62.09% over the end of the previous year, mainly due to the payment of the year-end bonus in 2021 in the first quarter of 2022.
The tax payable increased by 45.97% over the end of last year, mainly due to the increase of income tax payable.
Financial expenses increased by 326.23% over the same period of last year, mainly due to the increase of interest expenses and exchange losses.
The interest expense increased by 48.08% over the same period of last year, mainly due to the increase of bank loan interest expense.
Interest income increased by 118.70% over the same period last year, mainly due to the increase in interest income from bank deposits.
Other income increased by 90.30% over the same period last year, mainly due to the increase in government subsidies.
The decrease of 100.00% compared with the same period of last year is mainly due to the fact that Yili company has transferred its long-term equity investment in Xinjiang Nongken Modern Sugar Industry Co., Ltd. in 2021, and there is no investment income in this period.
The credit impairment loss increased by 65.54% over the same period of last year, mainly due to the increase of accounts receivable and the increase of credit impairment loss accrued.
The income from asset disposal increased by 125.63% over the same period last year, mainly due to the increase in the income from the disposal of fixed assets.
Non operating income -42.27, down from the same period last year
