佳禾食品(605300) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 540,971,890.96, representing a decrease of 15.61% compared to the same period last year[2]. - Net profit attributable to shareholders was CNY 45,718,480.23, down 27.71% year-on-year[2]. - Basic and diluted earnings per share were both CNY 0.11, reflecting a decline of 31.25% compared to the previous year[2]. - Total operating revenue for Q1 2024 was CNY 540,971,890.96, a decrease of 15.6% compared to CNY 641,056,381.07 in Q1 2023[16]. - Net profit for Q1 2024 was CNY 46,355,826.85, a decline of 26.7% from CNY 63,317,873.91 in Q1 2023[17]. - Earnings per share for Q1 2024 were CNY 0.11, compared to CNY 0.16 in Q1 2023[18]. Cash Flow - The net cash flow from operating activities increased significantly by 480.12% to CNY 143,367,876.61, mainly due to a reduction in raw material purchases[5]. - Cash flow from operating activities in Q1 2024 was CNY 775,734,754.18, slightly up from CNY 775,405,347.77 in Q1 2023[20]. - In Q1 2024, the net cash flow from operating activities was $143,367,876.61, a significant increase from$24,713,548.58 in Q1 2023, representing a growth of approximately 478%[21]. - The total cash inflow from investment activities reached $295,596,292.72, compared to$139,223,481.47 in the same period last year, marking an increase of about 112%[21]. - The net cash flow from investment activities was $272,405,194.99, up from$100,371,847.18 in Q1 2023, indicating a growth of approximately 171%[21]. - The net cash flow from financing activities was -$317,828,785.70, a decrease from$94,910,449.96 in Q1 2023, reflecting a decline of around 436%[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,816,090,101.59, a decrease of 11.99% from the end of the previous year[2]. - The total liabilities decreased to CNY 540,892,159.83 in Q1 2024 from CNY 954,274,996.65 in Q1 2023, a reduction of 43.3%[16]. - The total cash and cash equivalents at the end of Q1 2024 amounted to $716,121,533.16, compared to$651,893,629.59 at the end of Q1 2023, showing an increase of approximately 10%[22]. - Short-term borrowings were reduced to RMB 255,663,293.19 from RMB 553,839,576.02, a decrease of 53.8%[12]. - The accounts payable decreased to RMB 128,046,466.77 from RMB 218,438,819.55, reflecting a decline of 41.4%[12]. Shareholder Information - Shareholders' equity attributable to the parent company increased by 1.29% to CNY 2,273,159,101.68[2]. - The number of ordinary shareholders at the end of the reporting period was 13,316[6]. - The top three shareholders held a combined 77.41% of the company's shares, with the largest shareholder owning 32.26%[7]. - The company reported a total of 1,264,001 shares held in the repurchase special account, accounting for 0.32% of the total share capital[10]. - The company has not disclosed any significant changes in the participation of major shareholders in margin financing and securities lending activities[9]. Other Financial Metrics - Non-recurring gains and losses totaled CNY 5,241,798.02 after accounting for tax and minority interests[5]. - The weighted average return on equity was 2.02%, a decrease of 1.06 percentage points year-on-year[2]. - The total current assets amounted to RMB 1,773,258,783.98, a decrease of 17.8% from RMB 2,157,750,152.15 on December 31, 2023[11]. - Cash and cash equivalents increased to RMB 761,141,996.78 from RMB 709,730,318.08, reflecting a growth of 7.2%[11]. - The company's trading financial assets decreased significantly to RMB 411,831,967.37 from RMB 703,973,152.20, representing a decline of 41.5%[11]. - Accounts receivable dropped to RMB 228,886,225.55 from RMB 386,785,000.99, indicating a reduction of 40.8%[11]. - The total non-current assets stood at RMB 1,042,831,317.61, slightly up from RMB 1,042,138,119.29, showing a marginal increase of 0.07%[12]. - The total assets of the company decreased to RMB 2,816,090,101.59 from RMB 3,199,888,271.44, a decline of 11.9%[12]. - The company recorded a financial expense of CNY -2,147,511.22 in Q1 2024, compared to CNY 999,914.96 in Q1 2023, indicating a significant improvement[16]. - Other comprehensive income after tax for Q1 2024 was CNY 25,563.82, down from CNY 38,698.05 in Q1 2023[17]. - The company reported a decrease in research and development expenses to CNY 6,660,501.55 in Q1 2024 from CNY 7,132,306.60 in Q1 2023, a reduction of 6.6%[16].