BRIGHT DAIRY(SH:600597)2025-04-29 12:18Financial Performance - The company's operating revenue for Q1 2025 was CNY 6,368,233,484, a decrease of 0.76% compared to CNY 6,417,076,216 in the same period last year[5]. - Net profit attributable to shareholders was CNY 141,037,966, down 18.16% from CNY 172,327,245 year-on-year[5]. - The net profit after deducting non-recurring gains and losses increased by 2.45% to CNY 190,130,193 from CNY 185,574,693 in the previous year[5]. - Basic and diluted earnings per share were both CNY 0.10, a decrease of 23.08% from CNY 0.13 in the same period last year[5]. - Total revenue for Q1 2025 was CNY 6,368,233,484, a decrease of 0.76% compared to CNY 6,417,076,216 in Q1 2024[18]. - Net profit for Q1 2025 was CNY 152,128,472, slightly up from CNY 149,418,346 in Q1 2024, indicating stable profitability[19]. - Earnings per share for Q1 2025 was CNY 0.10, compared to CNY 0.13 in Q1 2024, showing a decline in earnings per share[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,151,586,673, a decrease of 3.40% from CNY 22,931,249,017 at the end of the previous year[5]. - Total assets as of March 31, 2025, were CNY 22,151,586,673, a decrease from CNY 22,931,249,017 at the end of 2024[16]. - Total liabilities decreased to CNY 10,808,383,352 from CNY 11,842,238,051, indicating improved financial stability[16]. - Cash and cash equivalents decreased to CNY 2,562,666,710 from CNY 2,976,533,645, reflecting tighter liquidity[14]. - Inventory increased to CNY 3,214,065,927 from CNY 3,078,419,600, suggesting potential challenges in inventory management[15]. Cash Flow - The net cash flow from operating activities improved significantly, with a net cash inflow of CNY -204,984,830 compared to CNY -393,532,401 in the same period last year[5][8]. - Cash inflow from sales and services in Q1 2025 was $6,525,885,259, an increase from $6,325,895,348 in Q1 2024, representing a growth of approximately 3.2%[22]. - Net cash flow from operating activities in Q1 2025 was -$204,984,830, an improvement compared to -$393,532,401 in Q1 2024[22]. - Cash inflow from financing activities in Q1 2025 was $1,047,134,203, significantly higher than $50,000,000 in Q1 2024[22]. - Net cash flow from investment activities in Q1 2025 was $200,947,809, a recovery from -$196,895,975 in Q1 2024[22]. - The total cash and cash equivalents at the end of Q1 2025 stood at $2,562,610,469, compared to $2,349,953,221 at the end of Q1 2024[23]. - Cash outflow for purchasing goods and services in Q1 2025 was $5,246,629,445, up from $5,075,553,525 in Q1 2024[22]. - The company reported a decrease in cash paid to employees in Q1 2025, totaling $714,951,945, compared to $837,331,518 in Q1 2024[22]. - Cash outflow for debt repayment in Q1 2025 was $1,366,262,021, compared to $191,745,927 in Q1 2024, indicating increased debt servicing[22]. - The net decrease in cash and cash equivalents for Q1 2025 was -$413,866,935, an improvement from -$923,583,508 in Q1 2024[23]. - The company experienced a foreign exchange loss of -$774,464 in Q1 2025, compared to -$2,711,497 in Q1 2024[23]. Shareholder Information - The largest shareholder, Bright Food (Group) Co., Ltd., holds 51.64% of the shares, totaling 711,860,596 shares[11]. Government Subsidies and Expenses - The company received CNY 14,150,484 in government subsidies related to its normal business operations[7]. - Total operating costs for Q1 2025 were CNY 6,125,156,768, down from CNY 6,216,856,833 in Q1 2024, reflecting a cost reduction strategy[18]. - Research and development expenses rose to CNY 26,878,784 in Q1 2025 from CNY 20,065,431 in Q1 2024, highlighting a focus on innovation[19]. - The company reported a significant increase in other comprehensive income, with a net amount of CNY 105,258,385 in Q1 2025 compared to a loss of CNY 386,133,974 in Q1 2024[19].