CBC(SH:600132)2023-10-30 16:00Financial Performance - The company's revenue for Q3 2023 reached CNY 4.52 billion, a 6.51% increase compared to CNY 4.25 billion in the same period last year[3]. - Net profit attributable to shareholders was CNY 479.08 million, reflecting a 5.32% increase from CNY 454.73 million year-over-year[3]. - The net profit after deducting non-recurring gains and losses was CNY 472.82 million, up 6.15% from CNY 445.29 million in the previous year[3]. - Total operating revenue for the first three quarters of 2023 reached ¥13,028,681,199.38, an increase of 6.95% compared to ¥12,183,116,035.30 in the same period of 2022[23]. - Net profit for the third quarter of 2023 was ¥2,708,970,499.30, compared to ¥2,401,425,750.20 in the same quarter of 2022, representing a growth of 12.74%[24]. - Total comprehensive income for the period reached CNY 2,700,426,118.33, an increase of 12.5% compared to CNY 2,399,826,496.63 in the previous year[25]. - Basic and diluted earnings per share were CNY 2.78, up from CNY 2.44, reflecting a growth of 13.9%[25]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a decline of 11.52%, totaling CNY 3.72 billion year-to-date compared to CNY 4.20 billion last year[3]. - Cash flow from operating activities generated a net amount of CNY 3,718,311,643.18, a decrease of 11.5% from CNY 4,202,540,081.28 in the same period last year[27]. - Cash inflow from operating activities totaled CNY 14,185,593,285.74, compared to CNY 13,859,818,837.55, marking an increase of 2.3%[27]. - Cash outflow from operating activities was CNY 10,467,281,642.56, an increase of 8.4% from CNY 9,657,278,756.27[27]. - The ending balance of cash and cash equivalents was CNY 4,877,754,300.00, down from CNY 5,353,833,647.19, a decrease of 8.8%[28]. - The company's cash and cash equivalents as of September 30, 2023, amount to approximately CNY 4.90 billion, an increase from CNY 3.40 billion at the end of 2022[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 14.05 billion, representing a 12.42% increase from CNY 12.50 billion at the end of the previous year[4]. - The company's total assets increased to ¥14,049,739,569.56 in Q3 2023, up from ¥12,497,582,459.14 in Q3 2022, marking a growth of 12.43%[22]. - Total liabilities rose to ¥9,015,327,014.91 in Q3 2023, compared to ¥8,874,519,389.70 in Q3 2022, indicating an increase of 1.60%[22]. - The total current assets as of September 30, 2023, are approximately CNY 7.35 billion, compared to CNY 5.80 billion at the end of 2022, reflecting a growth of about 26.3%[20]. Sales and Distribution - Beer sales volume for the first nine months of 2023 was 2.65 million kiloliters, a 4.95% increase from 2.53 million kiloliters in the same period last year[7]. - Revenue from wholesale and agency channels for the first nine months of 2023 was CNY 12.73 billion, a 7.19% increase compared to CNY 11.88 billion last year[9]. - The South region reported a revenue increase of 21.03%, reaching CNY 3.64 billion compared to CNY 3.01 billion in the previous year[10]. - The company added 168 distributors in Q3 2023, maintaining a total of 2,965 distributors as of the end of the reporting period[11]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Beijing Shouyang Jinmai Trading Co., Ltd. and Jinbei Asia Pacific (Beijing) Catering Co., Ltd. on October 10, 2023[18]. - The company's long-term equity investments decreased to approximately CNY 139.11 million from CNY 296.60 million at the end of 2022, a decline of about 53%[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 52,784[12]. - The largest shareholder, Carlsberg Brewery Hong Kong Limited, holds 205,882,718 shares, accounting for 42.54% of total shares[14]. - The total number of shares held by the top ten unrestricted shareholders represents a significant portion of the company's equity, with the top two shareholders alone holding over 60%[15]. Research and Development - Research and development expenses for the first three quarters of 2023 were ¥13,349,414.97, significantly lower than ¥87,077,060.83 in the same period of 2022, indicating a strategic shift in R&D investment[23]. - The company has not disclosed any new product or technology developments in the current reporting period[19]. Future Outlook - The company has not provided specific future performance guidance in the current report[19]. - The company has implemented new accounting standards effective from January 1, 2023, impacting the financial statements and deferred tax assets[30].