Tsingtao Brewery(SH:600600)2017-04-27 16:00Financial Performance - The net profit attributable to shareholders of the listed company rose by 8.51% to RMB 579.31 million year-on-year[6]. - The company's operating revenue for the first quarter was RMB 7.04 billion, reflecting a year-on-year growth of 2.60%[6]. - Beer sales reached 2.01 million kiloliters, an increase of 3% compared to the same period last year[13]. - The main brand "Tsingtao Beer" achieved sales of 1.06 million kiloliters during the first quarter[13]. - The weighted average return on net assets increased by 0.19 percentage points to 3.49%[6]. - The company's operating revenue for Q1 2017 was CNY 7,039,944, an increase of 2.60% compared to CNY 6,861,626 in Q1 2016[16]. - Net profit for Q1 2017 reached CNY 605,785,086, representing a 13.87% increase from CNY 531,822,517 in Q1 2016[36]. - Operating profit for Q1 2017 was CNY 836,383,526, up 11.73% from CNY 748,406,155 in the previous year[35]. - The company reported a total profit of CNY 879,746,130 for Q1 2017, an increase of 12.03% compared to CNY 785,276,453 in Q1 2016[35]. - Basic and diluted earnings per share for Q1 2017 were both CNY 0.429, compared to CNY 0.395 in the same period last year, reflecting a 8.59% increase[36]. - The total comprehensive income for Q1 2017 was CNY 607,127,508, compared to CNY 532,810,261 in Q1 2016, marking a 13.92% increase[36]. Cash Flow and Investments - The net cash flow from operating activities decreased by 12.45% to RMB 1.55 billion compared to the previous year[6]. - The net cash flow from operating activities for Q1 2017 was CNY 1,549,858,660, a decrease of 12.43% compared to CNY 1,770,315,771 in Q1 2016[42]. - Total cash inflow from operating activities was CNY 7,494,797,283, while cash outflow was CNY 5,944,938,623, resulting in a net cash inflow of CNY 1,549,858,660[42]. - Cash flow from investment activities showed a net outflow of CNY 260,108,427, improving from a net outflow of CNY 986,149,432 in the previous year[42]. - The cash flow from financing activities resulted in a net outflow of CNY 1,949,199, compared to a net outflow of CNY 337,615,441 in Q1 2016[43]. - The company achieved an investment income of CNY 14,699,448 in Q1 2017, compared to a loss of CNY 8,901,493 in the same period last year[35]. - The cash inflow from investment activities totaled CNY 818,880,881, significantly higher than CNY 102,347,728 in the previous year[42]. Assets and Liabilities - As of the end of the reporting period, total assets increased by 2.63% to RMB 30.87 billion compared to the end of the previous year[6]. - Total assets as of March 31, 2017, amounted to CNY 30,868,477,412, up from CNY 30,077,158,487 at the beginning of the year[27]. - Total liabilities increased to CNY 13,382,496,687 from CNY 13,198,018,918, reflecting a rise in current liabilities[27]. - Current liabilities totaled CNY 10,486,188,349, compared to CNY 10,284,786,039 at the start of the year, indicating a growth of 2%[27]. - The company's equity increased to CNY 17,485,980,725 from CNY 16,879,139,569, reflecting a growth of 3.6%[27]. - The company's tax payable increased by 84.60% to CNY 731,862, driven by higher VAT, consumption tax, and income tax liabilities[15]. Operating Costs and Expenses - Operating costs rose to CNY 4,157,022, reflecting a 2.87% increase from CNY 4,041,179 in the same period last year[16]. - Operating costs for Q1 2017 were CNY 3,515,016,602, up from CNY 3,321,782,899 in the previous year, indicating a rise of 5.83%[38]. - Sales expenses decreased to CNY 620,415,128 in Q1 2017 from CNY 678,741,868 in Q1 2016, a reduction of 8.58%[38]. - The company reported a tax expense of CNY 273,961,044 for Q1 2017, compared to CNY 253,453,936 in Q1 2016, reflecting an increase of 8.14%[35]. Shareholder Information - The total number of shareholders reached 24,704, with the top ten shareholders holding significant stakes in the company[10].