泸州老窖(000568) - 2023 Q1 - 季度财报

Financial Performance - Operating revenues for Q1 2023 reached CNY 7,610,153,819.27, a year-over-year increase of 20.57%[5] - Net profits attributable to shareholders of the Company were CNY 3,712,618,630.92, reflecting a 29.10% increase compared to Q1 2022[5] - Basic earnings per share increased to CNY 2.53, up 29.08% from CNY 1.96 in Q1 2022[5] - Total operating revenue for Q1 2023 reached CNY 7,610,153,819.27, an increase of 20.6% compared to CNY 6,311,964,675.84 in Q1 2022[22] - The net profit for Q1 2023 was CNY 3,721,882,254.88, representing an increase of 28.7% compared to CNY 2,891,232,690.56 in Q1 2022[23] - Total comprehensive income attributable to owners of the parent company reached CNY 3,599,776,851.43, up from CNY 2,827,037,310.40 in the same period last year, reflecting a growth of 27.3%[24] - The company reported a total profit before tax of CNY 4,930,176,149.98, which is an increase from CNY 3,880,337,329.24 in Q1 2022, reflecting a growth of 27.0%[23] Assets and Liabilities - Total assets as of March 31, 2023, amounted to CNY 58,341,416,403.54, a 13.54% increase from CNY 51,385,481,354.52 at the end of 2022[5] - Total current liabilities decreased to CNY 8,095,480,141.64 in Q1 2023 from CNY 10,652,141,888.68 in Q4 2022, a reduction of 24.0%[20] - Long-term loans increased significantly to CNY 9,015,400,000.00 in Q1 2023, compared to CNY 3,179,600,000.00 in Q4 2022, marking a rise of 184.5%[20] - The company’s general risk reserve increased to CNY 30,484,815,844.90 as of March 31, 2023, compared to CNY 26,772,197,213.98 at the end of 2022, reflecting a growth of 13.5%[20] Cash Flow - Net cash flows from operating activities increased by CNY 377,285,346.77, indicating a growth of 33.34% compared to the same period last year[11] - Cash flows from operating activities amounted to CNY 6,737,406,042.15, an increase from CNY 6,488,357,120.05 in Q1 2022, showing a growth of 3.8%[27] - The closing balance of cash and cash equivalents increased by CNY 7,146,868,567.96, representing a 40.25% rise due to bank loan receipts[8] - Cash and cash equivalents increased to CNY 24,904,396,779.21 as of March 31, 2023, from CNY 17,757,528,211.25 at the end of 2022, representing a growth of 40.2%[19] - The balance of cash and cash equivalents at the end of Q1 2023 was CNY 24,866,652,979.89, significantly higher than CNY 14,708,892,183.91 at the end of Q1 2022, marking a 68.9% increase[28] - The total cash inflows from financing activities in Q1 2023 were CNY 5,858,290,725.74, compared to CNY 636,232,466.00 in Q1 2022, showing a substantial increase[27] Expenses and Taxes - Total operating costs for Q1 2023 were CNY 2,770,392,001.49, up from CNY 2,440,178,630.30 in Q1 2022, reflecting a rise of 13.5%[22] - Taxes and surcharges increased by CNY 276,332,079.82, reflecting a 42.01% rise primarily from increased consumption tax[9] - The company incurred income tax expenses of CNY 1,208,293,895.10 in Q1 2023, up from CNY 989,104,638.68 in Q1 2022, which is an increase of 22.1%[23] - Research and development expenses for Q1 2023 were CNY 25,482,226.00, down from CNY 29,033,253.22 in Q1 2022, a decrease of 12.0%[22] Investment and Income - Investment income rose by CNY 63,541,925.41, attributed to higher earnings from investee Huaxi Securities[11] - Non-operating income for Q1 2023 was CNY 5,024,545.38, compared to CNY 3,945,467.83 in Q1 2022, indicating a rise of 27.4%[23] - The company reported a net gain on exposure hedges of CNY 20,126,830.02 in Q1 2023, compared to a gain of CNY 4,970,975.01 in Q1 2022[22] Shareholder Information - The total number of shares increased from 1,471,895,100 to 1,471,987,769 following the grant of reserved restricted shares[17]