Juewei Food (SH:603517)2023-04-28 16:00Financial Performance - The total operating revenue for Q1 2023 was CNY 1,823,777,231, representing an increase of 8.04% compared to the same period last year[9]. - The net profit attributable to shareholders of the listed company was CNY 137,488,320.43, up 54.37% year-on-year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 134,816,678.39, reflecting a 63.66% increase compared to the previous year[9]. - The basic earnings per share for the period was CNY 0.23, which is a 64.29% increase year-on-year[9]. - The total revenue from operating activities in Q1 2023 was CNY 2,056,321,379.80, compared to CNY 1,920,211,742.50 in Q1 2022, indicating an increase of about 7.1%[28]. - The company’s basic earnings per share increased to CNY 0.23 in Q1 2023 from CNY 0.14 in Q1 2022, representing a growth of approximately 64.3%[27]. - The company’s total comprehensive income for Q1 2023 was CNY 149,969,374.36, significantly higher than CNY 35,978,630.13 in Q1 2022, marking an increase of approximately 316.5%[27]. - The diluted earnings per share for Q1 2023 was ¥0.23, compared to ¥0.14 in Q1 2022, indicating a year-over-year increase of approximately 64.29%[56]. Cash Flow and Investments - The net cash flow from operating activities was CNY 245,500,263.95, showing a decrease of 31.47% compared to the same period last year[9]. - The net cash flow from operating activities decreased to CNY 245,500,263.95 in Q1 2023 from CNY 358,234,503.05 in Q1 2022, a decline of approximately 31.5%[28]. - The cash outflow from investment activities surged to CNY 1,011,769,843.04 in Q1 2023, compared to CNY 504,417,049.76 in Q1 2022, an increase of about 100.1%[28]. - The net cash flow from financing activities was 1,432,793.06 RMB, a significant improvement from a net outflow of 6,962,547.98 RMB in the previous year[47]. - The company reported a net decrease in cash and cash equivalents of 755,602,830.73 RMB during the reporting period[47]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,951,826,795.40, an increase of 1.16% from the end of the previous year[9]. - The total assets as of January 1, 2023, were CNY 8,913,674,816.85, up from CNY 8,849,269,455.75 as of December 31, 2022, reflecting a growth of about 0.7%[29]. - Total current assets decreased to 2,688,369,666.50 RMB from 2,891,842,627.46 RMB, reflecting a decline of about 7%[43]. - Total non-current assets increased to 6,263,457,128.90 RMB from 5,957,426,828.29 RMB, an increase of approximately 5.1%[43]. - Total liabilities decreased to 1,922,843,656.86 RMB from 1,967,354,190.29 RMB, a decrease of approximately 2.3%[44]. - The total liabilities amounted to approximately ¥1,967,354,190.29, a decrease from ¥2,033,541,061.99, reflecting a reduction of about 3.25%[48]. - The total current liabilities reached ¥1,697,182,740.38, with significant components including accounts payable of ¥705,360,076.39 and short-term borrowings of ¥360,311,135.36[48]. - Non-current liabilities totaled ¥270,171,449.91, with long-term borrowings accounting for ¥50,150,416.67 and lease liabilities at ¥150,449,398.10[48]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 34,767[38]. - The largest shareholder, Shanghai Jucheng Enterprise Development Partnership, holds 207,951,800 shares, accounting for 32.94% of total shares[38]. - The company has a total of ¥351,600.00 in payable dividends, indicating ongoing commitments to shareholders[48]. Strategic Direction - The company is focused on building a premier specialty gourmet platform, indicating a strategic direction for future growth[15]. - The company has implemented new accounting standards starting in 2023, which may affect financial reporting and asset valuation[8]. Cost Management - The company's operating costs increased by 17.35% due to rising raw material costs[19]. - Sales expenses decreased by 47.64% as a result of reduced advertising and market subsidies[19]. - The company reported a significant reduction in financial expenses, down to CNY 368,896.57 in Q1 2023 from CNY 2,870,764.16 in Q1 2022, a decrease of approximately 87.2%[27]. Investment Performance - The investment income improved to a loss of CNY 3,834,528.90 in Q1 2023, compared to a loss of CNY 16,907,304.55 in Q1 2022, indicating a positive trend in investment performance[27].