惠发食品(603536) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 309,592,187.60, a decrease of 26.58% compared to CNY 421,698,974.76 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 18,036,331.64, representing a decline of 344.81% from a loss of CNY 4,054,817.52 in the previous year[4] - Basic and diluted earnings per share were both CNY -0.07, a decrease of 250.00% from CNY -0.02 in the same period last year[4] - Net profit for Q1 2025 was a loss of CNY 16.57 million, compared to a loss of CNY 4.82 million in Q1 2024, representing an increase in loss of 244.5%[19] - Total operating revenue for Q1 2025 was CNY 309.59 million, a decrease of 26.5% compared to CNY 421.70 million in Q1 2024[18] - Total operating costs for Q1 2025 were CNY 328.99 million, down 23.4% from CNY 429.49 million in Q1 2024[18] Cash Flow - The net cash flow from operating activities decreased by 68.41%, amounting to CNY 35,925,371.50 compared to CNY 113,710,793.08 in the prior year[4] - Cash flow from operating activities for Q1 2025 was CNY 35.93 million, a decrease of 68.4% from CNY 113.71 million in Q1 2024[21] - The total cash inflow from operating activities was CNY 444.76 million in Q1 2025, down 24.6% from CNY 590.51 million in Q1 2024[21] - Net cash flow from investment activities was -18,997,386.13, compared to -13,574,312.17 in the previous period, indicating a decrease of approximately 40%[22] - The net cash flow from financing activities was -32,295,719.80, worsening from -19,740,096.89, indicating a decline of around 63%[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,381,488,129.07, down 3.55% from CNY 1,432,383,524.94 at the end of the previous year[5] - The company's total liabilities decreased to CNY 918.33 million in 2025 from CNY 953.69 million in 2024, a reduction of 3.7%[15] - Total non-current assets slightly decreased to RMB 752,979,938.12 from RMB 754,130,487.07, a change of -0.15%[14] - Short-term borrowings remained relatively stable at RMB 419,024,933.79, a slight decrease of 0.66% from RMB 421,860,760.10[14] - Accounts payable decreased by 3.41% to RMB 281,494,565.69 from RMB 291,484,165.88[14] Shareholder Information - The total number of common shareholders at the end of the reporting period was 25,893[10] - The largest shareholder, Shandong Huifa Investment Co., Ltd., holds 28.41% of the shares, with 44,564,000 shares pledged[10] - Shareholders' equity attributable to the parent company decreased by 3.79%, totaling CNY 432,725,207.92 compared to CNY 449,752,491.39 at the end of the last year[5] - The total equity attributable to shareholders decreased to CNY 432.73 million in 2025 from CNY 449.75 million in 2024, a decline of 3.8%[15] Operational Challenges - The company is facing challenges primarily due to a significant decrease in operating revenue, impacting overall profitability and cash flow[4] - The company reported a significant increase in credit impairment losses, which rose to CNY 4.00 million in Q1 2025 from CNY 2.11 million in Q1 2024[19] - The company reported non-recurring gains and losses totaling CNY 960,277.10 for the period[8] Current Assets - As of March 31, 2025, the total current assets amounted to RMB 628,508,190.95, a decrease of 7.35% from RMB 678,253,037.87 on December 31, 2024[13] - Cash and cash equivalents decreased to RMB 200,670,773.40 from RMB 209,644,700.63, reflecting a decline of 4.65%[13] - Accounts receivable decreased by 14.66% to RMB 221,022,614.43 from RMB 258,825,286.65[13] - Inventory increased by 20.68% to RMB 167,964,301.07 from RMB 139,261,871.25[13]