贵州茅台(600519) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was CNY 32,295,763,804.41, representing an increase of 18.43% compared to the same period last year[2] - The net profit attributable to shareholders for Q1 2022 was CNY 17,244,968,587.32, reflecting a growth of 23.58% year-over-year[2] - The basic earnings per share for Q1 2022 stood at CNY 13.73, which is a 23.58% increase compared to the previous year[2] - Total revenue for Q1 2022 reached CNY 31.49 billion, a significant increase from CNY 22.30 billion in Q1 2021, representing a growth of approximately 41%[15] - Net profit for Q1 2022 was CNY 17.95 billion, compared to CNY 14.77 billion in Q1 2021, reflecting an increase of about 21%[14] - Operating profit for Q1 2022 was CNY 24.03 billion, up from CNY 19.71 billion in the same period last year, indicating a growth of approximately 22%[13] Assets and Liabilities - The total assets at the end of Q1 2022 were CNY 251,301,891,385.48, showing a decrease of 1.52% from the end of the previous year[3] - Total current liabilities decreased significantly to ¥36,106,533,211.54 from ¥57,914,222,254.82, a reduction of 37.5%[11] - The company reported a decrease in contract liabilities from ¥12,718,465,288.02 to ¥8,321,990,419.89, a decline of 34.5%[11] - The company’s total equity increased to ¥214,908,276,449.78 from ¥196,957,506,705.34, reflecting a growth of 9.1%[12] Cash Flow - The net cash flow from operating activities for Q1 2022 was negative at CNY -6,876,059,093.79, with no applicable percentage change[2] - Cash flow from operating activities showed a net outflow of CNY 6.88 billion in Q1 2022, compared to a net outflow of CNY 1.48 billion in Q1 2021[15] - The net cash flow from investing activities was -1,240,126,213.35, compared to -1,423,592,204.62 in the previous period, indicating a decrease in cash outflow[16] - The net cash flow from financing activities was -3,846,050.69, compared to -41,557,504.17 in the previous period, showing a substantial decline[16] - The ending balance of cash and cash equivalents was 170,520,159,043.60, down from 178,640,587,379.52 at the beginning of the period[16] Expenses - Research and development expenses increased to CNY 19.54 million in Q1 2022 from CNY 11.43 million in Q1 2021, marking an increase of about 71%[13] - Total operating costs for Q1 2022 were CNY 9.19 billion, compared to CNY 8.36 billion in Q1 2021, which is an increase of approximately 10%[13] - Tax expenses for Q1 2022 amounted to CNY 6.06 billion, compared to CNY 4.92 billion in Q1 2021, reflecting an increase of approximately 23%[13] - The company reported a decrease in sales expenses to CNY 530.95 million in Q1 2022 from CNY 567.07 million in Q1 2021, a decline of about 6%[13] Shareholder Information - The company reported a total of 165,128 common shareholders at the end of the reporting period[7] - The largest shareholder, China Guizhou Moutai Distillery (Group) Co., Ltd., held 54.00% of the shares[8] - The number of domestic distributors at the end of the reporting period was 2,086, with a decrease of 3 from the beginning of the year[6] Other Financial Metrics - Cash and cash equivalents as of March 31, 2022, amounted to ¥56,375,875,091.88, compared to ¥51,810,243,607.11 at the end of 2021, indicating a growth of 8.1%[10] - Non-current assets increased to ¥35,504,582,259.50 from ¥34,402,502,313.59, representing a growth of 3.2%[11] - The company’s long-term equity investments remained stable, with a slight increase in debt investment to ¥171,918,486.74 from ¥170,468,623.71[11] - Other comprehensive income after tax for Q1 2022 was CNY -1.35 million, an improvement from CNY -2.95 million in Q1 2021[14] Accounting Standards - The company did not apply the new accounting standards for the first time in 2022, as indicated in the report[16]