福成股份(600965) - 2023 Q4 - 年度财报(更正)

Revenue Performance - Total revenue for the year was CNY 1,006,668,903.20, a decrease of 3.30% compared to the previous year[1] - Revenue from the livestock industry was CNY 94,077,496.00, with a gross margin of 12.14%, down 8.83 percentage points from the previous year[4] - The food processing industry generated CNY 581,272,876.08 in revenue, with a gross margin of 19.01%, a decrease of 23.31 percentage points year-over-year[4] - Revenue from the catering industry was CNY 215,913,039.93, achieving a gross margin of 60.52%, an increase of 64.09 percentage points compared to last year[5] - The funeral services sector reported revenue of CNY 115,376,491.19, with a gross margin of 79.94%, up 170.55 percentage points year-over-year[5] - Revenue from meat products was CNY 208,703,517.55, with a gross margin of 20.77%, down 12.80 percentage points from the previous year[5] - Revenue from dairy products reached CNY 55,474,906.59, with a gross margin of 14.13%, an increase of 129.28 percentage points year-over-year[5] - The revenue from quick-frozen foods was CNY 116,711,897.78, with a gross margin of 18.97%, reflecting a significant decrease of 61.42 percentage points compared to last year[5] - The total revenue from the livestock sector was CNY 82,659,836.35, reflecting a significant increase in sales volume[6] - The total revenue for the reporting period was CNY 581,272,876.08, with a year-over-year decrease of 22.41%[15] - Beef revenue amounted to CNY 178,458,635.82, reflecting a decline of 3.29% compared to the previous year, with a gross margin of 32.96%[15] - The revenue from dairy products surged by 139.35% to CNY 55,474,906.59, with a gross margin of 13.09%[15] - The direct sales model generated CNY 483,353,189.59 in revenue, down 22.14% year-over-year, with a gross margin of 17.51%[15] - The Northeast region experienced a significant revenue drop of 73.97%, totaling CNY 3,040,481.62, with a gross margin of 24.43%[14] - The revenue from the food processing industry was CNY 581,272,876.08, with a cost of goods sold of CNY 470,782,552.88[18] - The total revenue from the catering service sector was CNY 215,913,039.93, with a cost of CNY 85,239,937.92[18] Cost Analysis - The total cost for the reporting period was CNY 627,866,606.09, a decrease of 11.98% compared to CNY 713,304,837.59 in the previous year[6] - The livestock sector accounted for 13.17% of total costs, with a cost of CNY 82,659,836.35, up 112.33% due to increased sales volume of beef[6] - The food processing sector represented 75.60% of total costs, with costs decreasing by 22.69% to CNY 474,600,931.44, attributed to reduced revenue[6] - The catering service sector's costs were CNY 47,103,469.33, making up 7.50% of total costs, with a decrease of 9.33% due to improved service and sales[6] - The funeral service sector saw costs rise to CNY 23,079,701.67, representing 3.67% of total costs, an increase of 169.70% due to higher sales volume[6] - The beef product costs were CNY 119,641,352.29, representing 19.06% of total costs, with a decrease of 14.12% compared to the previous year[7] - The dairy product costs increased by 132.06% to CNY 48,215,071.65, attributed to increased business activity[7] - The fast food sector's costs decreased by 50.39% to CNY 121,612,956.10, impacting overall cost reduction[7] Profit and Cash Flow - The cash flow from operating activities showed a net profit of CNY 97,150,344.42, down from CNY 104,687,386.64 in the previous period[20] - Net profit for the current period is CNY 97,150,344.42, a decrease from CNY 104,687,386.64 in the previous period, representing a decline of approximately 1.57%[23] - The net cash flow from operating activities is CNY 34,996,611.49, significantly lower than CNY 103,966,763.58 in the previous period, indicating a decrease of about 66.36%[24] - The cash and cash equivalents at the end of the period stand at CNY 114,158,509.63, down from CNY 637,016,852.29 at the beginning of the period, reflecting a decrease of approximately 82.09%[24] Financial Adjustments and Losses - The company corrected multiple disclosures in its annual report, ensuring the accuracy and completeness of the financial information presented[1] - The company recorded a credit impairment loss of CNY 26,426,079.61, compared to CNY 6,939,637.08 in the previous period, marking an increase of about 280.06%[24] - Depreciation and amortization expenses totaled CNY 87,076,319.55, up from CNY 61,911,702.85, which is an increase of approximately 40.58%[24] - The company experienced a decrease in inventory of CNY 262,697,985.81, contrasting with an increase of CNY 11,476,990.46 in the previous period[24] - Financial expenses decreased to CNY 3,617,420.06 from CNY 6,774,481.42, representing a decline of about 46.60%[24] - The company reported an investment loss of CNY -811,376.18, compared to CNY -6,209,766.47 in the previous period, indicating an improvement in investment performance[24] - Deferred tax assets increased by CNY 5,008,760.48, compared to an increase of CNY 1,952,627.88 in the previous period[24] - The company has acknowledged the inconvenience caused to investors due to the adjustments in the annual report and expressed its apologies[26]