百润股份(002568) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥801,909,785.58, representing a year-on-year increase of 5.51% compared to ¥760,062,438.72 in the same period last year[4] - The net profit attributable to shareholders decreased by 9.80% to ¥169,451,190.32 from ¥187,852,562.01 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥161,034,819.55, down 13.79% from ¥186,791,007.61 year-on-year[4] - Total operating revenue for Q1 2024 reached ¥801,909,785.58, an increase of 5.2% compared to ¥760,062,438.72 in Q1 2023[22] - Net profit for Q1 2024 was ¥167,841,139.31, a decrease of 10.4% from ¥187,232,606.27 in Q1 2023[23] - The total comprehensive income for the first quarter of 2024 was CNY 167,841,139.31, compared to CNY 187,232,606.27 in the same period last year, representing a decrease of approximately 10.4%[24] - The net profit attributable to the parent company was CNY 169,451,190.32, down from CNY 187,852,562.01, indicating a decline of about 9.5% year-over-year[24] - Basic and diluted earnings per share for the quarter were both CNY 0.16, compared to CNY 0.18 in the previous year, reflecting a decrease of 11.1%[24] Cash Flow and Investments - The net cash flow from operating activities surged by 340.09% to ¥271,415,239.86, compared to ¥61,672,966.97 in the same period last year[4] - Cash inflow from operating activities totaled CNY 1,089,823,205.32, compared to CNY 943,419,184.08 in the previous year, an increase of about 15.5%[26] - Cash outflow from operating activities was CNY 818,407,965.46, down from CNY 881,746,217.11, indicating a decrease of approximately 7.2%[26] - The net cash flow from investing activities was -CNY 341,542,692.25, worsening from -CNY 150,469,784.71 in the same period last year[27] - The net cash flow from financing activities was -CNY 246,613,689.87, compared to a positive CNY 345,770,484.29 in the previous year, indicating a significant decline[27] - The ending balance of cash and cash equivalents was CNY 1,537,852,867.01, down from CNY 2,780,771,702.37 at the end of the previous year[27] - The company received CNY 13,500,000.00 from minority shareholders as part of capital contributions during the quarter[27] Assets and Liabilities - The company’s total assets at the end of the reporting period were ¥7,093,629,877.86, a slight decrease of 0.25% from the previous year-end[4] - The company's total assets amounted to ¥7,093,629,877.86, slightly down from ¥7,111,215,764.12 at the end of the previous quarter[21] - Current liabilities totaled ¥1,824,548,171.20, a decrease of 8.7% from ¥1,998,888,370.39 in the previous year[20] - The company’s long-term liabilities totaled ¥1,098,624,568.59, up from ¥1,068,810,578.01 year-over-year[20] - The equity attributable to shareholders increased by 2.84% to ¥4,159,007,210.09 from ¥4,043,956,836.73 at the end of the previous year[4] - Accounts receivable decreased to RMB 184,199,345.75 from RMB 215,537,263.54 at the beginning of the period[18] - Inventory increased to RMB 864,012,482.16 from RMB 779,778,297.14 at the beginning of the period[18] Expenses - The company’s sales expenses increased by 50.34% year-on-year, primarily due to higher advertising and promotional costs[10] - The total operating costs increased to ¥607,575,339.17, up 16.9% from ¥518,994,379.16 in the previous year[22] - Research and development expenses for Q1 2024 were ¥24,064,825.76, an increase of 12.1% compared to ¥21,446,548.64 in Q1 2023[23] - The company reported a significant increase in sales expenses, which rose to ¥235,809,096.70 from ¥156,855,030.84, marking a 50.0% increase[22] Strategic Initiatives - The management expressed optimism about the long-term development strategy and aims to sustain healthy growth across all business segments[8] - The company plans to continue expanding its "358" product matrix (with alcohol content around 3, 5, and 8 degrees) to enhance long-term growth potential[8] - The company has signed a construction contract for the expansion of its Tianjin production base, indicating ongoing project development[15] - The company plans to use its own funds to repurchase A-shares with a budget between RMB 100 million and RMB 200 million, at a price not exceeding RMB 39.10 per share[15] - The company has repurchased a total of 3,381,000 shares, accounting for 0.3221% of the total share capital, with a total expenditure of approximately RMB 73.05 million[15] Shareholder Information - Major shareholders include Liu Xiaodong with 106,397,126 shares and Liu Haibin with 62,161,798 shares[14] - The remaining convertible bonds amount to 11,275,520 units, with a total value of RMB 1,127,552,000[17] - The initial conversion price for the convertible bonds was adjusted to RMB 46.95 per share as of August 25, 2023[17] Transparency and Disclosure - The company has disclosed significant matters in its announcements, indicating transparency in operations[15]