佳禾食品(605300) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was CNY 570,527,071.90, representing a 5.46% increase compared to CNY 540,971,890.96 in the same period last year[4] - Net profit attributable to shareholders decreased by 91.46% to CNY 3,906,374.17 from CNY 45,718,480.23 year-on-year[4] - Basic and diluted earnings per share dropped by 90.91% to CNY 0.01 from CNY 0.11 year-on-year[4] - Net profit for Q1 2025 was ¥5,113,151.03, a decrease of 89.0% from ¥46,355,826.85 in Q1 2024[19] - Earnings per share for Q1 2025 were ¥0.01, down from ¥0.11 in Q1 2024[19] Cash Flow - The net cash flow from operating activities was negative at CNY -83,930,088.79, a decline of 158.54% compared to CNY 143,367,876.61 in the previous year[4] - In Q1 2025, the cash inflow from operating activities was CNY 662,073,558.38, a decrease of 14.6% compared to CNY 775,734,754.18 in Q1 2024[21] - The net cash flow from operating activities turned negative at CNY -83,930,088.79 in Q1 2025, compared to a positive CNY 143,367,876.61 in Q1 2024[21] - The cash inflow from investment activities was CNY 3,136,023.64 in Q1 2025, significantly lower than CNY 295,596,292.72 in Q1 2024, marking a decline of 98.9%[22] - The net cash flow from investment activities was CNY -24,844,787.43 in Q1 2025, compared to CNY 272,405,194.99 in Q1 2024, indicating a substantial decrease[22] - The cash inflow from financing activities was CNY 844,718,375.82 in Q1 2025, a significant increase from CNY 65,363,482.09 in Q1 2024[22] - The net cash flow from financing activities was CNY 685,420,114.59 in Q1 2025, contrasting with a negative CNY -317,828,785.70 in Q1 2024[22] Assets and Liabilities - Total assets increased by 19.68% to CNY 3,448,104,535.59 from CNY 2,881,151,326.22 at the end of the previous year[5] - The company's total assets reached RMB 3,448,104,535.59, an increase from RMB 2,881,151,326.22 as of December 31, 2024, reflecting a growth of approximately 19.7%[14] - Total liabilities decreased to ¥571,104,744.62 in Q1 2025 from ¥721,063,467.38 in Q1 2024, a reduction of 20.8%[16] - Total equity increased to ¥2,876,999,790.97 in Q1 2025 from ¥2,160,087,858.84 in Q1 2024, an increase of 33.1%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,615[10] - The top three shareholders held a combined 68.13% of the company's shares, with the largest shareholder owning 28.39%[10] - The company reported a total of 4,579,198 shares held in the repurchase special account, accounting for 1.01% of the total share capital[11] - The company has not disclosed any significant changes in the shareholding structure of the top 10 shareholders due to margin trading activities[12] Expenses - Total operating costs for Q1 2025 were ¥571,272,629.80, up 15.0% from ¥496,929,656.08 in Q1 2024[18] - Research and development expenses for Q1 2025 were ¥8,228,744.53, up 23.5% from ¥6,660,501.55 in Q1 2024[18] - The company reported a decrease in sales expenses to ¥40,578,669.83 in Q1 2025 from ¥24,975,399.00 in Q1 2024, an increase of 62.5%[18] - The cash paid for purchasing goods and services in Q1 2025 was CNY 612,538,192.80, an increase of 19.1% from CNY 514,452,831.39 in Q1 2024[21] - The cash paid to employees in Q1 2025 was CNY 61,701,149.03, slightly higher than CNY 59,563,259.28 in Q1 2024, indicating a growth of 3.6%[21] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 3,689,559.70 after tax adjustments[8] - Other comprehensive income after tax for Q1 2025 was -¥1,161,734.47, compared to ¥25,563.82 in Q1 2024[19] - The company's inventory decreased to RMB 331,667,232.77 from RMB 348,917,732.03, showing a decline of approximately 4.9%[14] - Short-term borrowings decreased to RMB 179,354,687.54 from RMB 234,458,680.92, a reduction of about 23.5%[15] - The company's accounts payable decreased to RMB 219,295,404.19 from RMB 285,404,240.66, reflecting a decline of approximately 23.1%[15] - The company’s long-term equity investments stood at RMB 38,296,470.56, slightly down from RMB 38,474,449.24[15] - The company’s non-current assets totaled RMB 966,896,887.60, a slight decrease from RMB 989,823,546.50[15]