ANJI FOOD(603696)2024-04-29 07:35Financial Performance - The company's operating revenue for Q1 2024 was CNY 140,192,347.80, representing a decrease of 3.48% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 6,721,265.07, down 49.48% year-on-year[6]. - Basic earnings per share decreased by 50% to CNY 0.03[6]. - Total operating revenue for Q1 2024 was ¥140,192,347.80, a decrease of 3.6% compared to ¥145,240,870.70 in Q1 2023[22]. - Net profit for Q1 2024 was ¥6,721,265.07, down 49.5% from ¥13,304,952.93 in Q1 2023[23]. - Operating profit decreased to ¥7,675,450.53 in Q1 2024, a decline of 50.2% from ¥15,421,254.04 in Q1 2023[23]. - Total comprehensive income for Q1 2024 was ¥6,732,710.63, a decrease of 45.5% from ¥12,399,626.22 in Q1 2023[24]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.03, down from ¥0.06 in Q1 2023[24]. Cash Flow - The net cash flow from operating activities was negative at CNY -34,226,948.72, a decline of 96.6% compared to the previous year[6]. - Cash flow from operating activities showed a net outflow of ¥34,226,948.72 in Q1 2024, compared to a net outflow of ¥17,409,451.96 in Q1 2023[27]. - The net cash flow from investing activities was 48.19 million in Q1 2023[39]. - The net increase in cash and cash equivalents was -48.00 million in Q1 2023[39]. - The ending balance of cash and cash equivalents was 135.36 million in Q1 2023[39]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 613,516,439.75, down from CNY 628,043,214.71 at the end of the previous year[7]. - Total current assets decreased to RMB 345,004,650.35 from RMB 362,200,397.87, representing a reduction of about 4.7%[17]. - Cash and cash equivalents decreased to RMB 139,158,736.87 from RMB 168,635,924.28, a decline of approximately 17.5%[17]. - Total liabilities decreased to RMB 48,361,925.94 from RMB 70,763,867.49, a significant reduction of approximately 31.5%[19]. - The company's equity attributable to shareholders increased to RMB 565,154,513.81 from RMB 557,279,347.22, reflecting a growth of about 1.6%[19]. - Total assets decreased to ¥665,818,367.64 from ¥680,232,365.10, a reduction of approximately 2.1%[33]. - Total liabilities decreased to ¥65,673,710.60 from ¥87,591,001.81, a decline of approximately 25.0%[33]. Inventory and Receivables - The company's prepayments increased by 55.06%, indicating a strategy to lock in prices for bulk materials[11]. - Accounts receivable increased to RMB 16,421,198.25 from RMB 12,635,053.19, marking an increase of about 30.5%[17]. - Inventory increased to RMB 30,997,617.42 from RMB 27,060,826.85, indicating an increase of approximately 14.3%[17]. - Other receivables increased significantly to ¥45,641,024.00 from ¥19,417,622.85, an increase of approximately 135.0%[32]. Operating Costs and Expenses - Total operating costs decreased to ¥131,044,977.28 in Q1 2024 from ¥133,759,679.79 in Q1 2023, reflecting a reduction of 2.0%[22]. - Research and development expenses were ¥2,495,208.33 in Q1 2024, down 10.9% from ¥2,800,995.56 in Q1 2023[23]. - Research and development expenses for Q1 2024 were ¥2,495,208.33, down 11.0% from ¥2,800,995.56 in Q1 2023[36]. Shareholder Information - There are no changes in the top 10 shareholders or their shareholding percentages compared to the previous period[15]. - The company has not reported any significant new product developments or market expansions during this quarter[16].