青岛啤酒(600600) - 2024 Q3 - 季度财报

Revenue and Profit - Revenue for the third quarter was RMB 8.89 billion, a decrease of 5.28% year-over-year[2] - Net profit attributable to shareholders for the first three quarters was RMB 4.99 billion, an increase of 1.67% year-over-year[4] - Total revenue for the first three quarters of 2024 was RMB 28,959,288,497, a decrease of 6.52% compared to RMB 30,978,047,855 in the same period of 2023[14] - Net profit attributable to the parent company's shareholders was RMB 4,989,889,602, an increase of 1.67% compared to RMB 4,907,707,530 in the same period of 2023[15] - Basic earnings per share for the third quarter were RMB 0.989, a decrease of 9.35% year-over-year[2] - Basic earnings per share increased by 1.52% to RMB 3.667 in the first three quarters of 2024, compared to RMB 3.612 in the same period of 2023[16] - Total comprehensive income for the first three quarters of 2024 was RMB 5,126,263,206, an increase of 2.41% compared to RMB 5,005,455,506 in the same period of 2023[16] Sales Volume and Product Performance - Total product sales volume for the first three quarters was 6.785 million kiloliters, with the main brand Tsingtao Beer accounting for 3.835 million kiloliters[4] - Sales volume of mid-to-high-end products reached 2.779 million kiloliters, with revenue per kiloliter increasing by 0.49% year-over-year[4] Cash Flow and Financial Position - Operating cash flow for the first three quarters was RMB 6.23 billion, an increase of 22.55% year-over-year[2] - Total assets as of the end of the reporting period were RMB 50.37 billion, an increase of 2.26% compared to the end of the previous year[3] - Equity attributable to shareholders was RMB 29.8 billion, an increase of 8.55% compared to the end of the previous year[3] - Total assets increased to 503.71 billion yuan as of September 30, 2024, compared to 492.56 billion yuan at the end of 2023[11][12] - Monetary funds rose to 21.68 billion yuan, up from 19.28 billion yuan at the end of 2023[11] - Trading financial assets grew to 3.47 billion yuan, compared to 1.92 billion yuan at the end of 2023[11] - Accounts receivable increased to 156.03 million yuan from 100.39 million yuan at the end of 2023[11] - Inventory decreased to 2.03 billion yuan from 3.54 billion yuan at the end of 2023[11] - Total current assets slightly decreased to 291.20 billion yuan from 296.12 billion yuan at the end of 2023[12] - Total non-current assets increased to 212.51 billion yuan from 196.44 billion yuan at the end of 2023[12] - Fixed assets grew to 112.13 billion yuan, up from 111.46 billion yuan at the end of 2023[12] - Intangible assets increased to 26.57 billion yuan from 24.93 billion yuan at the end of 2023[12] - Contract liabilities decreased to 54.44 billion yuan from 76.91 billion yuan at the end of 2023[12] - Total liabilities decreased by 6.2% to RMB 19,698,994,899 as of the end of Q3 2024, compared to RMB 21,001,264,174 at the end of 2023[13] - Undistributed profits increased by 11.12% to RMB 22,595,561,322 as of the end of Q3 2024, compared to RMB 20,334,065,296 at the end of 2023[13] - Sales revenue from goods and services received in cash for the first three quarters of 2024 was RMB 30.97 billion, a decrease from RMB 32.15 billion in the same period of 2023[17] - Total cash inflows from operating activities for the first three quarters of 2024 were RMB 31.93 billion, down from RMB 32.87 billion in the same period of 2023[17] - Net cash flow from operating activities for the first three quarters of 2024 increased to RMB 6.23 billion, up from RMB 5.08 billion in the same period of 2023[18] - Cash outflows for purchasing goods and accepting services in the first three quarters of 2024 decreased to RMB 13.67 billion from RMB 15.32 billion in the same period of 2023[17] - Cash payments for employee compensation in the first three quarters of 2024 were RMB 4.19 billion, slightly up from RMB 4.08 billion in the same period of 2023[18] - Net cash flow from investing activities for the first three quarters of 2024 was negative RMB 7.45 billion, compared to negative RMB 3.50 billion in the same period of 2023[18] - Cash payments for investments in the first three quarters of 2024 increased to RMB 13.09 billion from RMB 12.70 billion in the same period of 2023[18] - Net cash flow from financing activities for the first three quarters of 2024 was negative RMB 2.86 billion, similar to negative RMB 2.84 billion in the same period of 2023[18] - The net increase in cash and cash equivalents for the first three quarters of 2024 was negative RMB 4.07 billion, compared to negative RMB 1.25 billion in the same period of 2023[19] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2024 was RMB 5.22 billion, down from RMB 11.59 billion at the end of the same period in 2023[19] Operating Costs and Expenses - Total operating costs for the first three quarters of 2024 were RMB 22,850,123,111, a decrease of 8.52% compared to RMB 24,978,263,085 in the same period of 2023[14] - R&D expenses increased by 60.6% to RMB 56,739,137 in the first three quarters of 2024, compared to RMB 35,319,783 in the same period of 2023[14] - Sales expenses decreased by 1.79% to RMB 3,420,705,236 in the first three quarters of 2024, compared to RMB 3,483,073,568 in the same period of 2023[14] - Financial income increased by 28.96% to RMB -433,974,719 in the first three quarters of 2024, compared to RMB -336,503,057 in the same period of 2023[14] Non-Recurring Items - Non-recurring gains and losses for the first three quarters amounted to RMB 303.7 million, primarily from government subsidies and financial asset gains[5] Return on Equity - Weighted average return on equity (ROE) for the third quarter was 4.63%, a decrease of 0.79 percentage points year-over-year[3]