QIANHE(603027)2024-04-29 10:31Financial Performance - Net cash flow from operating activities for the first quarter of 2024 was approximately CNY 162.74 million, a significant increase compared to CNY 3.07 million in the same period last year[14]. - Cash received from sales of goods and services in the first quarter of 2024 was approximately CNY 952.41 million, up from CNY 835.15 million in the first quarter of 2023[14]. - The company reported a net cash inflow from operating activities of CNY 976.90 million in the first quarter of 2024, compared to CNY 859.03 million in the same period last year[14]. - The net profit for the period was 154,905,326.54 RMB, compared to 145,231,975.67 RMB in the previous period, reflecting a growth in profitability[23]. - The net profit attributable to shareholders of the listed company was CNY 154,905,326.54, representing a growth of 6.66% from CNY 145,231,975.67 in the same period last year[41]. - The net profit for Q1 2024 was CNY 143,800,318.57, down 4.6% from CNY 150,496,105.83 in Q1 2023[66]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 4.17 billion, a decrease of 2.25% compared to the end of the previous year[3]. - The total liabilities and shareholders' equity amounted to 4,091,775,831.29 RMB, down from 4,190,841,545.16 RMB[18]. - The total assets decreased to CNY 4,171,694,045.66 from CNY 4,267,793,815.23, indicating a decrease of approximately 2.3%[70]. - The total liabilities decreased to CNY 556,934,275.02 from CNY 599,543,500.27, reflecting a reduction of approximately 7.1%[66]. - The total current liabilities amounted to CNY 514,958,092.50, down from CNY 556,068,682.80, indicating a decrease of about 7.4%[66]. Cash Flow - The cash flow from operating activities for Q1 2024 was CNY 875,005,231.79, compared to CNY 739,108,128.48 in Q1 2023, representing an increase of 18.4%[66]. - The total cash and cash equivalents at the end of the period decreased to 1,430,305,255.31 RMB from 1,536,135,324.83 RMB, indicating a net decrease of 105,830,069.52 RMB[20]. - The company's cash and cash equivalents amount to 1,468,770,912.84 RMB, down from 1,561,345,119.37 RMB at the end of December 2023[63]. - The cash outflow for financing activities was 204,656,805.77 RMB, reflecting the company's ongoing debt repayment and dividend distribution[20]. Equity - Equity attributable to shareholders of the listed company was approximately CNY 3.61 billion, down 1.24% from the previous year[3]. - The total equity decreased to 3,534,841,556.27 RMB from 3,591,298,044.89 RMB, indicating a reduction in shareholder equity[18]. - The total equity attributable to shareholders decreased to CNY 3,607,016,066.95 from CNY 3,652,367,547.60, reflecting a decline of about 1.2%[70]. Operational Efficiency - The company is focusing on enhancing cash flow management and operational efficiency to support future growth strategies[12]. - The company's operating revenue for Q1 2024 was CNY 811,727,693.25, an increase of 8.63% compared to CNY 747,086,046.33 in Q1 2023[32]. - The company's gross profit margin improved, with operating costs rising to CNY 514,287,672.62 from CNY 446,456,694.99, indicating a focus on cost management[32]. Research and Development - Research and development expenses were reported at 24,782,124.14 RMB, slightly up from 24,681,596.66 RMB, indicating continued investment in innovation[23]. - Research and development expenses for Q1 2024 were CNY 24,782,124.14, slightly higher than CNY 24,681,596.66 in Q1 2023, reflecting ongoing investment in innovation[32]. Investment Activities - Investment activities resulted in a net cash outflow of -80,920,695.55 RMB, contrasting with a net inflow of 30,233,666.07 RMB in the previous period[20]. - The total investment for the "annual production of 600,000 tons of seasoning intelligent manufacturing project" is 1.26 billion RMB, with a construction period from January 2020 to December 2024[54]. - As of March 31, 2024, the cumulative investment in the project has reached 1,004.849 million RMB, with the first phase of production lines for 200,000 tons of soy sauce and 100,000 tons of cooking wine completed and put into use by the end of February 2023[54].