重庆啤酒(600132) - 2023 Q1 - 季度财报

Financial Performance - The company achieved a revenue of RMB 4,005,811,752.65 in Q1 2023, representing a 4.52% increase compared to RMB 3,832,515,081.07 in the same period last year[4] - Net profit attributable to shareholders was RMB 387,009,759.80, up 13.63% from RMB 340,584,126.98 year-on-year[4] - The net profit after deducting non-recurring gains and losses was RMB 381,431,374.83, reflecting a 13.92% increase from RMB 334,829,313.37 in the previous year[5] - The company sold 823,600 hectoliters of beer, a 3.69% increase from 794,200 hectoliters in the same period last year[10] - Total revenue for Q1 2023 reached ¥4,005,811,752.65, a 4.5% increase from ¥3,832,515,081.07 in Q1 2022[25] - Operating profit for Q1 2023 was ¥949,511,702.99, compared to ¥927,863,609.86 in Q1 2022, reflecting a growth of 2.3%[26] - Net profit for Q1 2023 was ¥774,760,005.90, up from ¥685,043,386.28 in Q1 2022, indicating an increase of 13.1%[26] - Basic earnings per share for Q1 2023 were ¥0.80, compared to ¥0.70 in Q1 2022, representing a 14.3% increase[28] - Total comprehensive income for Q1 2023 was ¥775,871,474.25, compared to ¥685,496,785.99 in Q1 2022, marking an increase of 13.2%[28] Assets and Liabilities - The total assets at the end of the reporting period were RMB 12,724,424,074.36, an increase of 1.82% from RMB 12,497,542,168.83 at the end of the previous year[5] - The equity attributable to shareholders increased by 18.88% to RMB 2,444,302,599.54 from RMB 2,056,155,782.63 at the end of the previous year[5] - The total liabilities decreased to ¥8,324,951,928.67 from ¥8,874,519,389.70, showing a reduction of about 6.2%[24] - The company's equity attributable to shareholders increased to ¥2,444,302,599.54 from ¥2,056,176,499.91, marking a growth of approximately 18.8%[24] - The non-current assets totaled ¥6,733,176,733.35, slightly up from ¥6,693,546,300.72, indicating a growth of about 0.6%[23] Cash Flow - Cash inflow from operating activities in Q1 2023 totaled ¥3,823,811,264.29, slightly down from ¥3,855,477,101.16 in Q1 2022[30] - Cash outflow from operating activities for Q1 2023 was ¥2,971,202,099.59, compared to ¥2,723,782,724.62 in Q1 2022, showing an increase of 9.1%[30] - The net cash flow from operating activities for Q1 2023 was approximately $852.61 million, compared to $1.13 billion in the previous period[31] - The total cash inflow from investment activities was approximately $503.25 million, while cash outflow was about $1 billion, resulting in a net cash flow of approximately -$175.94 million[31] - The net cash flow from financing activities was approximately -$6.08 million, compared to -$4.41 million in the previous period[31] - The net increase in cash and cash equivalents for Q1 2023 was approximately $670.59 million, with a beginning balance of approximately $3.40 billion, leading to an ending balance of approximately $4.07 billion[33] Expenses - Research and development expenses in Q1 2023 were significantly reduced to ¥1,410,077.93 from ¥22,198,619.75 in Q1 2022, a decrease of 93.7%[25] - The company reported a decrease in sales expenses to ¥518,695,636.80 in Q1 2023 from ¥525,378,998.53 in Q1 2022, a reduction of 1.3%[25] - The company’s tax expenses for Q1 2023 were ¥174,706,948.06, down from ¥242,912,095.61 in Q1 2022, indicating a decrease of 28.2%[26] Inventory and Receivables - The total inventory decreased to ¥1,688,650,014.09 from ¥2,166,477,563.20, indicating a decline of about 22.1%[22] - The company's accounts receivable rose to ¥80,860,035.58 from ¥65,511,539.08, reflecting an increase of approximately 23.3%[22] - The company's other receivables increased to ¥23,681,824.84 from ¥17,619,026.18, representing a growth of approximately 34.4%[22] Distributor Network - The company added 158 new distributors and reduced 156, resulting in a total of 3,057 distributors by the end of the reporting period[15] Regional Performance - The revenue from mainstream products was RMB 2,151,796,454.74, showing an 8.06% increase compared to RMB 1,991,338,019.54 in the previous year[11] - The revenue from the southern region increased by 22.38% to RMB 1,106,088,493.39 from RMB 903,842,271.06 year-on-year[14] Accounting Changes - The company executed the new accounting interpretation effective January 1, 2023, impacting the financial statements significantly[34] - Deferred tax assets were adjusted to approximately $732.45 million after the implementation of new accounting standards[35] - Unappropriated profits were adjusted to approximately $1.34 billion following the new accounting standards[35] - Minority interests increased to approximately $1.57 billion after adjustments related to the new accounting standards[35] - The income tax expense for Q1 2022 was adjusted to approximately $242.91 million after the new accounting interpretation[37]