Yantang Dairy(002732)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥428,553,089.26, representing a 10.89% increase compared to ¥386,455,461.92 in the same period last year[5]. - Net profit attributable to shareholders for Q1 2023 was ¥28,305,797.23, a 41.81% increase from ¥19,960,044.87 year-on-year[5]. - Basic earnings per share increased by 38.46% to ¥0.18, up from ¥0.13 in the previous year[5]. - Net profit for Q1 2023 was ¥27,775,242.53, compared to ¥20,280,112.71 in the same period last year, reflecting a growth of approximately 37.5%[27]. - The net profit attributable to the parent company for Q1 2023 was ¥28,305,797.23, an increase from ¥19,960,044.87 in Q1 2022, representing a growth of approximately 42.5%[28]. - The total comprehensive income attributable to the parent company for Q1 2023 was ¥28,305,797.23, compared to ¥19,960,044.87 in the same period last year, indicating a year-over-year increase of about 42.5%[28]. - The basic and diluted earnings per share for Q1 2023 were both ¥0.18, up from ¥0.13 in Q1 2022, reflecting a growth of approximately 38.5%[28]. Cash Flow - The net cash flow from operating activities surged by 206.52% to ¥53,247,492.13, compared to ¥17,371,701.25 in Q1 2022[5]. - Cash inflows from operating activities totaled ¥480,266,900.91 in Q1 2023, compared to ¥439,434,124.89 in Q1 2022, marking an increase of about 9.3%[31]. - Cash outflows from investing activities amounted to ¥52,525,324.60 in Q1 2023, compared to ¥46,668,738.48 in Q1 2022, indicating an increase of about 12.2%[32]. - The net cash flow from investing activities was -¥46,364,171.40 in Q1 2023, worsening from -¥41,398,303.47 in Q1 2022[32]. - Cash inflows from financing activities were ¥19,900,000.00 in Q1 2023, down from ¥30,000,000.00 in Q1 2022, a decrease of approximately 33.3%[32]. - The net cash flow from financing activities was -¥13,828,296.43 in Q1 2023, compared to a positive net flow of ¥2,512,402.57 in Q1 2022[32]. - The ending cash and cash equivalents balance for Q1 2023 was ¥258,734,458.30, compared to ¥225,348,201.47 at the end of Q1 2022, reflecting an increase of about 14.8%[32]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥1,862,818,330.29, a decrease of 1.67% from ¥1,894,444,641.87 at the end of the previous year[5]. - Current assets decreased to ¥524,283,938.25 from ¥570,371,429.31 at the beginning of the year, a decline of about 8.1%[23]. - The company's total assets as of March 31, 2023, were ¥1,862,818,330.29, down from ¥1,894,444,641.87 at the start of the year[24]. - The total liabilities decreased to ¥561,825,641.53 from ¥621,227,195.64, a reduction of approximately 9.6%[25]. - The company's equity attributable to shareholders rose by 2.27% to ¥1,277,666,873.65 from ¥1,249,361,076.42 at the end of the previous year[5]. Expenses - Total operating costs amounted to ¥392,260,171.04, up from ¥359,270,274.86 year-on-year[27]. - Research and development expenses for the quarter were ¥3,875,077.44, down from ¥4,542,012.06, indicating a decrease of about 14.6%[27]. - The company reported a significant increase in financial expenses, which rose by 3019.07% to ¥1,324,947.87 due to increased interest costs[10]. - The company experienced a 102.05% increase in taxes and surcharges, amounting to ¥2,550,965.82, primarily due to higher VAT payments[10]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,235, with the largest shareholder holding 40.97% of the shares[12]. - The company has a total of 64,465,743 shares held by Guangdong Yantang Investment Co., Ltd., which is the largest shareholder[14]. Investments and Transactions - The company invested ¥10,000,000.00 in its associate, Yantang Chuanqi, during the reporting period, which was not present in the same period last year[11]. - The company has engaged in daily related transactions primarily involving procurement of raw materials and leasing of warehouses[17]. - The company has a financial service agreement with Guangdong Agricultural Reclamation Group Financial Co., Ltd. for a period of three years[18]. - The company plans to develop affordable rental housing in collaboration with its controlling shareholder and other units[20]. - The company plans to use no more than RMB 94.64 million to purchase office properties from a related party[19]. - The company has completed the leasing of properties including the original food building and milk industrial warehouse as per the management agreement[16]. - The company reported a total deposit balance of RMB 94.23 million as of March 31, 2023, with a net inflow of RMB 76.51 million during the period[18]. - The company has a total loan balance of RMB 15 million as of March 31, 2023, with no new loans issued during the period[18]. - The company reported a total of RMB 9.61 million withdrawn from its accounts during the reporting period[18]. - The company has estimated its daily related transactions for 2023, including property leasing service fees[16]. - Long-term equity investments increased to ¥77,192,381.95 from ¥69,406,927.48, showing a growth of about 11.5%[23].