春雪食品(605567) - 2023 Q1 - 季度财报

Main Financial Data Key Accounting Data and Financial Indicators Operating revenue grew by 41.69% to 689 million yuan, while net profit attributable to shareholders decreased, and operating cash flow turned positive Key Accounting Data and Financial Indicators for Q1 2023 | Item | Current Reporting Period (2023 Q1) (Yuan) | Prior Year Same Period (2022 Q1) (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 688,762,142.12 | 486,113,249.89 | 41.69 | | Net Profit Attributable to Shareholders | 8,430,113.76 | 11,777,093.22 | -28.42 | | Net Profit Attributable to Shareholders After Non-Recurring Items | 5,756,212.37 | 9,545,797.93 | -39.70 | | Net Cash Flow from Operating Activities | 20,364,026.89 | -54,347,849.22 | N/A | | Basic Earnings Per Share (Yuan/Share) | 0.04 | 0.06 | -33.33 | | Diluted Earnings Per Share (Yuan/Share) | 0.04 | 0.06 | -33.33 | | Weighted Average Return on Net Assets (%) | 0.73 | 1.07 | Decrease by 0.34 percentage points | | Item | End of Current Reporting Period (2023/3/31) (Yuan) | End of Prior Year (2022/12/31) (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,017,065,469.89 | 1,979,460,129.27 | 1.90 | | Owners' Equity Attributable to Shareholders | 1,158,069,485.26 | 1,149,640,148.68 | 0.73 | Non-Recurring Gains and Losses Items and Amounts Total non-recurring gains and losses for the period were 2.6739 million yuan, mainly from government grants and investment income Non-Recurring Gains and Losses Items and Amounts for Q1 2023 | Item | Current Period Amount (Yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -28,728.31 | | Government Grants Recognized in Current P&L | 1,289,947.25 | | Capital Occupation Fees from Non-Financial Enterprises Recognized in Current P&L | 570,614.40 | | Gains/Losses from Entrusted Investment or Asset Management | 1,088,182.43 | | Other Non-Operating Income and Expenses | 2,894.00 | | Less: Income Tax Impact | 249,008.38 | | Total | 2,673,901.39 | Changes and Reasons for Key Accounting Data and Financial Indicators Operating revenue growth was driven by increased production, while net profit and EPS declined due to lower gross margins - Operating revenue increased by 41.69% year-on-year, primarily due to the commissioning of the slaughtering plant, leading to increased production and sales volumes[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 39.70%, and basic/diluted earnings per share decreased by 33.33%, mainly due to lower gross profit margins in the first quarter[9] Shareholder Information Total Number of Common Shareholders and Top Ten Shareholders' Holdings The company had 15,571 common shareholders, with Shandong Chunxue Food Co., Ltd. as the largest shareholder at 27.02% - The total number of common shareholders at the end of the reporting period was 15,571[11] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held (Shares) | Shareholding Percentage (%) | Number of Restricted Shares Held (Shares) | Pledged, Marked, or Frozen Status (Share Status/Number) | | :--- | :--- | :--- | :--- | :--- | :--- | | Shandong Chunxue Food Co., Ltd. | Domestic Non-State-Owned Legal Person | 54,045,000 | 27.02 | 54,045,000 | None/0 | | Zheng Weixin | Domestic Natural Person | 14,623,950 | 7.31 | 14,623,950 | None/0 | | Shanghai Tianzi Investment Management Co., Ltd. - Yantai Tianzi Xuerui Equity Investment Center (Limited Partnership) | Other | 9,960,000 | 4.98 | 0 | None/0 | | Laiyang Huayuan Investment Center (Limited Partnership) | Other | 7,743,000 | 3.87 | 7,743,000 | None/0 | | Shanghai Tianzi Investment Management Co., Ltd. - Yantai Tianzi Chunxue Equity Investment Center (Limited Partnership) | Other | 6,495,000 | 3.25 | 0 | None/0 | | Shandong Yida Venture Capital Fund Partnership (Limited Partnership) | Other | 5,512,000 | 2.76 | 0 | None/0 | | Laiyang Tongying Investment Center (Limited Partnership) | Other | 2,738,550 | 1.37 | 0 | None/0 | | Laiyang Tongfeng Investment Center (Limited Partnership) | Other | 2,738,550 | 1.37 | 0 | None/0 | | Liu Guixian | Domestic Natural Person | 1,925,821 | 0.96 | 0 | Unknown/878,000 | | Feng Changxing | Domestic Natural Person | 1,925,798 | 0.96 | 0 | Unknown/1,316,000 | Explanation of Related Party Relationship or Concerted Action: The company's actual controller, Zheng Weixin, holds 45.15% of Shandong Chunxue Food Co., Ltd. and also serves as the executive partner of Laiyang Huayuan Investment Center (Limited Partnership); Shanghai Tianzi Investment Management Co., Ltd. - Yantai Tianzi Chunxue Equity Investment Center (Limited Partnership) and Shanghai Tianzi Investment Management Co., Ltd. - Yantai Tianzi Xuerui Equity Investment Center (Limited Partnership) are parties acting in concert. Other Reminders Other Important Information Requiring Investor Attention No other significant operating information requiring investor attention was identified during the reporting period - The company had no other significant operating information requiring investor attention during the reporting period[13] Quarterly Financial Statements Type of Audit Opinion The financial statements for the current quarter are unaudited - The financial statements for the current quarter are unaudited[13] Financial Statements This section presents the consolidated balance sheet, income statement, and cash flow statement for Q1 2023 - The report includes unaudited consolidated balance sheet, consolidated income statement, and consolidated cash flow statement[13] Consolidated Balance Sheet Total assets reached 2.017 billion yuan, up 1.90% from year-end, with liabilities at 859 million yuan and owners' equity at 1.158 billion yuan Key Consolidated Balance Sheet Data | Indicator | March 31, 2023 (Yuan) | December 31, 2022 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,017,065,469.89 | 1,979,460,129.27 | 1.90 | | Total Current Assets | 973,267,444.10 | 971,089,097.41 | 0.22 | | Total Non-Current Assets | 1,043,798,025.79 | 1,008,371,031.86 | 3.51 | | Total Liabilities | 858,995,984.63 | 829,819,980.59 | 3.52 | | Total Current Liabilities | 790,398,213.06 | 776,899,805.16 | 1.74 | | Total Non-Current Liabilities | 68,597,771.57 | 52,920,175.43 | 29.62 | | Total Owners' Equity Attributable to Parent Company | 1,158,069,485.26 | 1,149,640,148.68 | 0.73 | Consolidated Income Statement Total operating revenue reached 689 million yuan, up 41.69%, but net profit decreased by 28.42% to 8.4301 million yuan due to rising costs Key Consolidated Income Statement Data | Item | Q1 2023 (Yuan) | Q1 2022 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 688,762,142.12 | 486,113,249.89 | 41.69 | | Total Operating Costs | 674,238,302.72 | 470,608,483.56 | 43.27 | | Operating Profit | 12,727,870.53 | 12,761,079.70 | -0.26 | | Total Profit | 12,730,764.53 | 12,758,214.98 | -0.22 | | Income Tax Expense | 4,300,650.77 | 981,121.76 | 338.34 | | Net Profit | 8,430,113.76 | 11,777,093.22 | -28.42 | | Basic Earnings Per Share (Yuan/Share) | 0.04 | 0.06 | -33.33 | | Diluted Earnings Per Share (Yuan/Share) | 0.04 | 0.06 | -33.33 | Consolidated Cash Flow Statement Operating cash flow turned positive to 20.364 million yuan, with net outflows from investing activities and net inflows from financing activities Key Consolidated Cash Flow Statement Data | Item | Q1 2023 (Yuan) | Q1 2022 (Yuan) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 20,364,026.89 | -54,347,849.22 | Turned from Negative to Positive | | Net Cash Flow from Investing Activities | -84,366,105.99 | -97,765,010.55 | Net Outflow Decreased | | Net Cash Flow from Financing Activities | 48,890,160.01 | 91,475,590.13 | Net Inflow Decreased | | Net Increase in Cash and Cash Equivalents | -15,111,919.09 | -60,656,498.23 | Net Decrease Narrowed | | Cash and Cash Equivalents at Period End | 300,514,278.07 | 356,846,873.34 | Decreased | Implementation of New Accounting Standards No adjustments to beginning-of-year financial statements were made due to the first-time adoption of new accounting standards - The company did not involve adjustments to the beginning-of-year financial statements due to the first-time adoption of new accounting standards or interpretations in the current reporting period[24]