Anjoy food(603345)2025-04-28 14:35Financial Performance - The company's revenue for Q1 2025 was CNY 3,599,860,139.52, a decrease of 4.13% compared to CNY 3,754,752,131.26 in the same period last year[5]. - Net profit attributable to shareholders was CNY 394,524,301.61, down 10.01% from CNY 438,407,731.56 year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 343,034,225.89, a decline of 18.28% compared to CNY 419,764,179.60 in the previous year[5]. - The basic earnings per share for the period were CNY 1.35, a decrease of 10.00% compared to CNY 1.50 in the same period last year[5]. - Net profit for Q1 2025 was CNY 393,425,928.67, a decline of 10.8% from CNY 441,068,665.56 in Q1 2024[21]. - Operating profit for Q1 2025 was CNY 488,347,796.28, down 14.0% from CNY 567,880,749.92 in Q1 2024[21]. - The total comprehensive income for Q1 2025 is ¥393,507,592.24, compared to ¥440,846,142.03 in Q1 2024, reflecting a decrease of 10.7%[22]. - The basic and diluted earnings per share for Q1 2025 are both ¥1.35, down from ¥1.50 in Q1 2024, representing a decline of 10.0%[22]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 28.92%, amounting to CNY 673,201,949.80, down from CNY 947,159,916.10[5]. - The net cash flow from operating activities for Q1 2025 is ¥673,201,949.80, down 29.0% from ¥947,159,916.10 in Q1 2024[26]. - Cash and cash equivalents as of March 31, 2025, were CNY 2,776,578,659.03, slightly down from CNY 2,779,147,320.50 as of December 31, 2024[16]. - Cash and cash equivalents at the end of Q1 2025 amount to ¥2,508,151,390.55, a decrease from ¥4,870,910,966.33 at the end of Q1 2024[28]. - The cash inflow from operating activities in Q1 2025 totals ¥4,430,692,546.18, slightly up from ¥4,414,323,382.00 in Q1 2024[26]. - The cash outflow for operating activities in Q1 2025 is ¥3,757,490,596.38, compared to ¥3,467,163,465.90 in Q1 2024, indicating an increase of 8.4%[26]. - The net cash flow from investing activities for Q1 2025 is -¥114,525,630.19, an improvement from -¥462,885,625.90 in Q1 2024[28]. - The cash inflow from investment activities in Q1 2025 is ¥3,212,748,275.24, significantly higher than ¥828,719,652.29 in Q1 2024[28]. - The net cash flow from financing activities for Q1 2025 is -¥279,473,407.61, worsening from -¥140,566,286.52 in Q1 2024[28]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 16,822,227,508.59, a decrease of 3.18% from CNY 17,375,098,414.12 at the end of the previous year[6]. - Total assets as of March 31, 2025, were CNY 16,822,227,508.59, down from CNY 17,375,098,414.12 as of December 31, 2024[17]. - Total liabilities decreased to CNY 3,145,516,671.26 as of March 31, 2025, from CNY 4,104,765,680.37 as of December 31, 2024[18]. - Shareholders' equity increased to CNY 13,676,710,837.33 as of March 31, 2025, compared to CNY 13,270,332,733.75 as of December 31, 2024[18]. Operational Efficiency - Total operating costs for Q1 2025 were CNY 3,145,966,009.98, down 1.6% from CNY 3,197,062,043.58 in Q1 2024[21]. - Research and development expenses for Q1 2025 were CNY 19,102,249.29, down from CNY 21,687,281.59 in Q1 2024, a decrease of 11.9%[21]. - The weighted average return on net assets was 3.00%, down 0.42 percentage points from 3.42% in the previous year[5]. Strategic Initiatives - The company signed a share acquisition agreement to acquire 70% of Jiangsu Dingwei Thai Food Co., Ltd. for a transaction price of CNY 444.5 million[11]. - The acquisition aims to integrate Dingwei Thai's advantages in high-end cod fish paste products and its distribution network with the company's existing channels[13]. - The company emphasizes the importance of capital operations to support high-quality development in response to national policies on mergers and acquisitions[12].