光明乳业(600597) - 2024 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2024 was CNY 6,417,076,216, a decrease of 9.2% compared to CNY 7,070,923,416 in Q1 2023[21] - Net profit for Q1 2024 was CNY 149,418,346, down 37.5% from CNY 239,407,704 in Q1 2023[21] - Operating profit for Q1 2024 was CNY 182,119,920, down 36.8% from CNY 287,773,190 in Q1 2023[21] - The company reported a total comprehensive income of CNY -236,715,628 for Q1 2024, compared to CNY 150,632,804 in Q1 2023[21] - Total revenue for Q1 2024 was 6,417,076,216 RMB, representing a decrease of 9.25% year-over-year[37] - Net profit attributable to shareholders for Q1 2024 was 172,327,245 RMB, down 8.07% from the previous year[37] - The net profit after deducting non-recurring gains and losses was 185,574,693 RMB, showing an increase of 6.20% compared to the same period last year[37] - Basic earnings per share for Q1 2024 was CNY 0.13, unchanged from CNY 0.14 in Q1 2023[21] - The company reported a basic earnings per share of 0.13 RMB, a decrease of 7.14% compared to the previous year[37] Cash Flow - The net cash flow from operating activities decreased due to a reduction in revenue and cash received from sales[4] - The company experienced a decrease in cash flow primarily due to lower sales revenue and cash receipts[4] - The company's operating cash flow for Q1 2024 was -393,532,401 RMB, compared to -139,225,278 RMB in Q1 2023, indicating a decline in cash flow[24] - Cash inflow from operating activities totaled 6,455,726,654 RMB, down from 8,438,354,420 RMB in Q1 2023[24] - Cash outflow from operating activities was 6,849,259,055 RMB, compared to 8,577,579,698 RMB in the same quarter last year[24] - The net cash flow from financing activities was negative at CNY -330,443,635, compared to CNY -147,431,266 in the previous period, indicating a worsening cash flow situation[56] Assets and Liabilities - Total assets decreased to CNY 22,671,715,301 in Q1 2024 from CNY 24,227,319,907 in Q1 2023, a decline of 6.4%[19] - Total liabilities decreased to CNY 9,019,064,694 in Q1 2024 from CNY 10,197,576,837 in Q1 2023, a decline of 11.6%[19] - The total assets at the end of Q1 2024 were 22,671,715,301 RMB, a decrease of 6.42% from the end of the previous year[37] - The total liabilities of the company decreased from CNY 12,804,739,986 to CNY 11,511,532,339, representing a reduction of approximately 10.1%[54] - The total non-current liabilities decreased from CNY 2,607,163,149 to CNY 2,492,467,645, indicating a decrease of about 4.4%[54] Shareholder Information - The total number of common shareholders at the end of the reporting period was 79,664[4] - The largest shareholder, Bright Food (Group) Co., Ltd., holds 711,860,596 shares, accounting for 51.64% of total shares[4] - The second-largest shareholder, National Social Security Fund 413 Portfolio, holds 17,700,000 shares, representing 1.28%[4] - The total shares held by the top 10 shareholders include significant stakes from various investment funds, with the largest being Bright Food[5] - The report highlights the absence of pledged or frozen shares among the top shareholders[5] Future Outlook - The company is focusing on expanding its market presence and exploring new strategies for growth[4] - Future outlook includes potential new product developments and technological advancements[4] Other Financial Metrics - Cash and cash equivalents decreased to CNY 2,363,617,436 in Q1 2024 from CNY 3,287,200,944 in Q1 2023, a decline of 28.1%[19] - Research and development expenses remained stable at CNY 20,065,431 in Q1 2024, slightly down from CNY 20,077,408 in Q1 2023[21] - The weighted average return on equity for Q1 2024 was 1.63%, a decrease of 0.70 percentage points year-over-year[37] - The company's retained earnings increased from CNY 4,089,701,599 to CNY 4,262,028,844, marking an increase of about 4.2%[54] - The company's deferred income tax liabilities decreased from CNY 205,534,818 to CNY 119,591,621, a reduction of approximately 41.7%[54] - The company's other comprehensive income showed a negative value of CNY -307,742,862, worsening from CNY -157,291,087 in the previous period[54]