安记食品(603696) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 147,131,548.76, representing a 4.95% increase compared to CNY 140,192,347.80 in the same period last year[5] - Net profit attributable to shareholders decreased by 7.07% to CNY 6,245,828.28 from CNY 6,721,265.07 year-on-year[5] - The net profit after deducting non-recurring gains and losses dropped significantly by 60.24%, amounting to CNY 3,600,569.29 compared to CNY 9,055,919.71 in the previous year[5] - The company reported a net profit margin improvement, with net profit for Q1 2025 expected to reflect positive growth trends[20] - The net profit for Q1 2025 was CNY 6,245,828.28, a decrease of 7.06% compared to CNY 6,721,265.07 in Q1 2024[21] - Total revenue from operating activities was CNY 164,020,317.91, an increase from CNY 154,848,670.84 in the previous year[25] - The total comprehensive income for Q1 2025 was CNY 6,102,488.82, down from CNY 6,732,710.63 in Q1 2024[22] - Operating profit for Q1 2025 was 5,848,813.04 RMB, down from 8,533,463.65 RMB in Q1 2024, reflecting a decline of approximately 31%[33] - Net profit for Q1 2025 was 5,071,381.34 RMB, a decrease of 32.4% compared to 7,503,293.75 RMB in Q1 2024[34] Cash Flow and Investments - The net cash flow from operating activities improved by 57.88%, reaching CNY -14,415,995.44, an increase from CNY -34,226,948.72 in the same period last year[5] - The company reported a net cash outflow from operating activities of CNY -14,415,995.44, improving from CNY -34,226,948.72 in Q1 2024[25] - Investment activities resulted in a net cash outflow of CNY -40,643,785.66, compared to a net inflow of CNY 5,820,728.62 in the same period last year[25] - The net cash flow from investing activities was -$39.88 million, compared to $8.94 million in the previous period, indicating a significant decline in cash generated from investments[35] - The total cash outflow from investing activities amounted to $114.14 million, while cash inflow from financing activities was negligible at $371,989.02[35] - The net increase in cash and cash equivalents was -$68.10 million, a decrease from -$35.49 million in the prior period, reflecting worsening liquidity[35] - The ending balance of cash and cash equivalents stood at $89.77 million, down from $107.46 million at the beginning of the period[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 616,969,147.32, a slight decrease of 0.19% from CNY 618,162,689.88 at the end of the previous year[6] - Current assets totaled RMB 321,284,714.75 as of March 31, 2025, slightly down from RMB 323,929,417.31 at the end of 2024[15] - Non-current assets amounted to RMB 295,684,432.57 as of March 31, 2025, compared to RMB 294,233,272.57 at the end of 2024, showing a marginal increase[16] - Total liabilities decreased to RMB 31,991,738.28 as of March 31, 2025, from RMB 39,287,769.66 at the end of 2024[17] - Shareholders' equity increased to RMB 584,977,409.04 as of March 31, 2025, compared to RMB 578,874,920.22 at the end of 2024[17] - Total assets were RMB 616,969,147.32 as of March 31, 2025, down from RMB 618,162,689.88 at the end of 2024[16] Expenses - Sales expenses rose by 32.48%, primarily due to the adjustment of channel organization and an increase in sales and promotion personnel[10] - Research and development expenses for Q1 2025 were CNY 2,189,197.74, a decrease of 12.24% from CNY 2,495,208.33 in Q1 2024[21] - The company reported a decrease in sales expenses to 6,339,672.14 RMB in Q1 2025 from 4,421,238.64 RMB in Q1 2024, indicating a rise of approximately 43.4%[33] Future Outlook - The company is focusing on expanding its market presence and enhancing product development strategies in the upcoming quarters[20] - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[34] - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[36] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,883[11] - The basic and diluted earnings per share remained stable at CNY 0.03 for both Q1 2025 and Q1 2024[22]