泸州老窖(000568) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥9,188,402,377.79, representing a 20.74% increase compared to ¥7,610,153,819.27 in the same period last year[3] - Net profit attributable to shareholders was ¥4,573,950,129.90, up 23.20% from ¥3,712,618,630.92 year-on-year[3] - Basic earnings per share increased to ¥3.12, a rise of 23.32% from ¥2.53 in the same quarter last year[3] - Operating profit for the quarter was ¥6,111,854,987.64, representing a 24.08% increase compared to ¥4,925,322,128.57 in Q1 2023[15] - Tax expenses for the quarter were ¥1,538,281,406.31, an increase from ¥1,208,293,895.10 in Q1 2023, reflecting higher earnings[15] - Other comprehensive income attributable to shareholders showed a slight decrease, with a net amount of -¥18,978,063.93 compared to -¥19,096,034.51 last year[16] Cash Flow - The net cash flow from operating activities surged by 188.94%, amounting to ¥4,359,428,564.46, compared to ¥1,508,783,232.53 in the previous year[3] - Total cash inflow from operating activities reached CNY 10,903,313,846.43, compared to CNY 8,246,189,274.68 in the same period last year, indicating a growth of about 32.2%[18] - The cash outflow from operating activities was CNY 6,543,885,281.97, slightly decreased from CNY 6,737,406,042.15 in Q1 2023, showing a reduction of approximately 2.9%[18] - Cash flow from investing activities showed a net outflow of CNY 22,021,203.03, an improvement from a net outflow of CNY 120,620,739.53 in the previous year[18] - The net cash flow from financing activities was CNY 1,834,031,883.34, down from CNY 5,752,537,144.07 in Q1 2023, reflecting a decrease of about 68.1%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥68,625,774,236.07, reflecting an 8.42% increase from ¥63,294,455,201.60 at the end of the previous year[3] - Total liabilities amounted to CNY 22,254,590,972.32, compared to CNY 21,762,747,471.75, showing an increase of about 2.3%[13] - The company's equity increased to CNY 46,371,183,263.75 from CNY 41,531,707,729.85, representing a growth of approximately 11.1%[13] - Current assets rose to CNY 50,993,470,244.24, up from CNY 45,358,404,336.27, indicating an increase of about 14.4%[12] - Cash and cash equivalents increased to CNY 32,136,543,172.14 from CNY 25,952,025,091.28, reflecting a growth of approximately 24.3%[12] Shareholder Information - The company’s major shareholders include Luzhou Laojiao Group with a 25.89% stake and Luzhou Xingu Investment Group with a 24.86% stake[6] - The top shareholder, Luzhou Laojiao Group, holds 381,088,389 shares, representing a significant portion of the company's equity[8] - The second-largest shareholder, Luzhou Xingshu Investment Group, holds 365,971,142 shares, indicating strong institutional support[8] - The company has not reported any changes in the top 10 shareholders due to securities lending activities[9] - The company has not disclosed any related party transactions among its major shareholders[8] Investment and Innovation - The company reported a total investment of approximately 4,782.51 million RMB for the intelligent brewing technology upgrade project, which is currently under construction[10] - The company is actively engaged in the intelligent brewing technology upgrade project, reflecting its commitment to innovation[10] - The financial report indicates that the company is focused on enhancing its operational efficiency through technological advancements[10] - Research and development expenses increased to ¥30,290,921.53, up from ¥25,482,226.00, reflecting a focus on innovation[15] - The company continues to focus on market expansion and product innovation as part of its growth strategy[15] Stock and Incentives - The board approved the adjustment of the repurchase price for restricted stock from 89.466 RMB/share to 85.241 RMB/share[10] - A total of 2,734,640 shares of restricted stock were released from restrictions, which will be tradable starting February 22, 2024[10] - The company's stock incentive plan has been executed, aligning management interests with shareholder value[10]