加加食品(002650) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥487,255,291.18, representing a 12.05% increase compared to ¥434,856,845.02 in the same period last year[5] - Net profit attributable to shareholders decreased by 49.03% to ¥6,566,306.80 from ¥12,882,320.84 year-on-year[5] - The basic earnings per share decreased by 45.45% to ¥0.006 from ¥0.011 in the same period last year[5] - Net profit for Q1 2024 was ¥5,447,482.46, a decrease of 57.5% from ¥12,838,790.65 in Q1 2023[26] - The total comprehensive income attributable to the parent company for Q1 2024 was -CNY 38,208,853.66, compared to CNY 32,579,483.65 in Q1 2023, indicating a significant decline[27] Cash Flow - The net cash flow from operating activities improved significantly to ¥109,696,817.17, a 299.36% increase from -¥55,025,285.11 in the previous year[12] - The net cash flow from financing activities was ¥46,735,564.32, a 59.91% increase compared to ¥29,226,820.91 in the previous year[12] - The net cash flow from investing activities was -CNY 393,332.68, an improvement from -CNY 5,520,310.93 in Q1 2023[28] - The total cash inflow from operating activities was CNY 527,049,820.29, compared to CNY 481,262,291.35 in the previous year, reflecting a growth of approximately 9.5%[28] - The total cash outflow from operating activities was CNY 417,353,003.12, down from CNY 536,287,576.46 in Q1 2023, indicating improved cash management[28] Assets and Liabilities - The company's total assets increased by 2.11% to ¥2,722,994,434.72 compared to ¥2,666,768,207.49 at the end of the previous year[5] - Current assets increased to ¥854,922,078.80 from ¥716,840,081.82, marking a rise of 19.2%[21] - The total liabilities for Q1 2024 were ¥658,720,655.93, up from ¥568,193,639.68, indicating an increase of 15.9%[23] - The company's equity attributable to shareholders decreased by 1.53% to ¥2,069,420,352.69 from ¥2,101,570,894.62 at the end of the previous year[5] Expenses - Sales expenses rose by 53.28% to ¥68,551,449.42, primarily due to increased advertising and marketing expenses[10] - Financial expenses increased by 95.08% to ¥1,806,165.83, mainly due to an increase in short-term borrowings[10] - Research and development expenses decreased to ¥5,109,929.30 from ¥7,054,413.35, a reduction of 27.5%[24] Inventory and Supply Chain - As of March 31, 2024, the net book value of inventory stored at the processing partner's facility is RMB 84.47 million, with potential spoilage risks[18] - The processing partners have ceased operations due to environmental issues, impacting the company's supply chain[18] - The company is actively monitoring the condition of raw materials stored at the processing partner's facility to mitigate spoilage risks[19] Legal and Regulatory Matters - The company has initiated legal measures to recover the aforementioned losses, emphasizing the principle of "litigation as necessary" to protect shareholder rights[19] - The company’s stock will be subject to risk warnings, with a trading limit reduced from 10% to 5% following a negative internal control audit opinion[17] Shareholder Information - The company’s repurchase account holds 44,916,376 shares, representing 3.90% of the total share capital[16] - The company has not disclosed any changes in the shareholding structure among the top 10 shareholders due to margin trading activities[16] - The company will continue to disclose updates regarding the recovery of compensation from related parties as necessary[19]