海天味业(603288) - 2024 Q1 - 季度财报

Revenue and Profit Performance - Revenue for the first quarter of 2024 reached RMB 7,693,850,351.12, representing a year-over-year increase of 10.21%[3] - Total revenue for Q1 2024 reached RMB 7,693,850,351.12, a 10.2% increase compared to Q1 2023's RMB 6,980,985,131.27[16] - Net profit attributable to shareholders of the listed company was RMB 1,918,879,886.71, up 11.85% compared to the same period last year[3] - Net profit attributable to shareholders of the parent company was 1,918,879,886.71 RMB in Q1 2024, up from 1,715,567,769.87 RMB in Q1 2023[18] - Basic earnings per share (EPS) stood at RMB 0.35, marking a 12.90% increase year-over-year[3] - Basic earnings per share (EPS) for Q1 2024 were 0.35 RMB, compared to 0.31 RMB in Q1 2023[18] Operating Costs and Expenses - Total operating costs for Q1 2024 were RMB 5,521,637,784.71, up 9.9% from Q1 2023's RMB 5,024,587,850.72[16] - Operating costs for the first quarter of 2024 were 4,823,245,965.72 RMB, compared to 4,403,124,185.88 RMB in the same period last year[17] - Sales expenses increased to 422,820,807.20 RMB in Q1 2024 from 364,895,092.80 RMB in Q1 2023[17] - R&D expenses decreased to 185,158,384.55 RMB in Q1 2024 from 194,182,348.41 RMB in Q1 2023[17] Assets and Liabilities - Total assets decreased by 3.71% to RMB 36,997,652,930.44 compared to the end of the previous year[4] - Total assets decreased by 3.7% to RMB 36,997,652,930.44 in Q1 2024 from RMB 38,423,518,405.62 at the end of 2023[11] - Total liabilities decreased by 33.0% to RMB 6,294,143,915.94 in Q1 2024 from RMB 9,390,542,813.50 at the end of 2023[15] - Shareholders' equity attributable to the listed company increased by 5.82% to RMB 30,191,958,038.27[4] - Shareholders' equity increased by 5.8% to RMB 30,703,509,014.50 in Q1 2024 from RMB 29,032,975,592.12 at the end of 2023[15] - Contract liabilities decreased by 58.9% to RMB 1,859,181,086.75 in Q1 2024 from RMB 4,527,027,103.06 at the end of 2023[13] - Short-term borrowings increased by 57.0% to RMB 569,224,177.71 in Q1 2024 from RMB 362,645,734.42 at the end of 2023[13] Cash Flow and Liquidity - Cash flow from operating activities was negative at RMB -554,431,387.59, mainly due to a decrease in prepayments and an increase in accounts payable settlements[6] - Net cash flow from operating activities was -554,431,387.59 RMB in Q1 2024, compared to 1,063,433,049.56 RMB in Q1 2023[19] - Cash received from sales of goods and services in Q1 2024 was 5,765,051,266.86 RMB, down from 7,119,048,891.70 RMB in Q1 2023[19] - Cash paid for goods and services in Q1 2024 was 4,802,360,178.54 RMB, up from 4,408,812,151.02 RMB in Q1 2023[19] - Cash and cash equivalents decreased by 3.9% to RMB 20,851,673,683.34 in Q1 2024 from RMB 21,689,385,461.71 at the end of 2023[10] - The company's cash and cash equivalents decreased by RMB 752,201,654.72, ending the quarter with a balance of RMB 12,088,878,842.30[20] Investment and Financing Activities - Investment activities generated a net cash outflow of RMB 133,693,578.33, compared to a net inflow of RMB 388,636,804.99 in the previous period[20] - Cash outflow from investment activities totaled RMB 3,136,309,546.55, with RMB 2,800,000,000.00 allocated to investment payments[20] - Cash inflow from investment activities amounted to RMB 3,002,615,968.22, including RMB 174,878,024.83 from other investment-related receipts[20] - Financing activities resulted in a net cash outflow of RMB 64,076,688.80, with a total cash outflow of RMB 612,472,365.42[20] - Cash inflow from financing activities was RMB 548,395,676.62, including RMB 300,000,000.00 from other financing-related receipts[20] - Cash received from investment returns in Q1 2024 was 51,966,845.22 RMB, compared to 26,502,185.29 RMB in Q1 2023[19] Non-Recurring Items and Shareholder Information - Non-recurring gains and losses amounted to RMB 58,588,706.61, primarily driven by government subsidies and financial asset gains[5] - The company's largest shareholder, Guangdong Haitian Group Co., Ltd., holds 58.26% of the shares[7] - The number of ordinary shareholders at the end of the reporting period was 208,755[7] Accounting and Financial Adjustments - The company did not adjust its financial statements for the first time in 2024 due to new accounting standards or interpretations[21] Inventory and Receivables - Trade receivables declined by 17.9% to RMB 183,149,480.63 in Q1 2024 from RMB 223,149,082.18 at the end of 2023[10] - Inventory decreased by 23.6% to RMB 1,999,469,568.19 in Q1 2024 from RMB 2,618,773,147.00 at the end of 2023[11] Return on Equity - The weighted average return on equity (ROE) increased by 0.25 percentage points to 6.54%[3]