恒顺醋业(600305) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 612,922,538.33, representing a year-on-year increase of 7.15%[4] - The net profit attributable to shareholders decreased by 5.66% to CNY 72,871,854.80 compared to the same period last year[4] - Basic and diluted earnings per share were both CNY 0.0734, reflecting a decrease of 5.66% year-on-year[4] - The comprehensive income attributable to the parent company was CNY 72,871,854.80, down from CNY 77,241,371.23 in the previous year[24] - The net profit for Q1 2023 was CNY 71,267,941.68, compared to CNY 74,322,978.74 in Q1 2022, indicating a decrease of 4.14%[34] - Total profit for Q1 2023 was $71,732,789.78, down from $81,451,903.70 in Q1 2022, representing a decrease of 11.1%[1] - Net profit for Q1 2023 was $61,352,320.80, compared to $68,787,698.81 in Q1 2022, reflecting a decline of 10.8%[1] Cash Flow - The net cash flow from operating activities surged by 230.19% to CNY 55,091,617.66[4] - The net cash flow from operating activities was 55,091,617.66, a significant improvement from -42,317,217.80 in the previous period, indicating a positive turnaround in operational efficiency[56] - The company's cash flow from operating activities increased to $601,232,509.24 in Q1 2023 from $506,997,394.87 in Q1 2022[44] - Cash inflow from investment activities was $231,895,321.42 in Q1 2023, down from $385,802,131.71 in Q1 2022[44] - Cash outflow from investment activities was $214,607,322.86 in Q1 2023, compared to $271,428,757.48 in Q1 2022[44] - The company experienced a net loss in cash flow from financing activities of $798,125.00 in Q1 2022, with no inflow reported in Q1 2023[45] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 2,936,574,172.51, a decrease of 1.05% from the end of the previous year[4] - The total liabilities decreased from CNY 741,743,086.83 to CNY 639,344,516.83, a reduction of approximately 13.78%[32] - The total equity attributable to shareholders increased from CNY 2,195,062,669.30 to CNY 2,267,934,524.10, representing a growth of about 3.30%[32] - The company's total asset value was 2,570,868,833.35, a decrease from 2,589,927,925.37 in the previous period, indicating a contraction in asset base[59] - Total liabilities amounted to 472,139,867.81, down from 552,551,280.63, suggesting a reduction in financial obligations[60] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 115,169[24] - The largest shareholder, Jiangsu Hengshun Group Co., Ltd., held 44.63% of the shares, with 447,613,893 shares pledged[24] - The company announced a cash dividend distribution of 1.10 CNY per 10 shares, totaling 109,222,718.88 CNY (including tax) based on a total share capital of 1,002,956,032 shares, after deducting 10,022,224 shares repurchased[27] Fundraising and Investments - The company plans to raise up to 1.79 billion CNY through a non-public offering of A-shares, adjusting the previous target of 2 billion CNY[28] - The non-public offering of shares was approved by the China Securities Regulatory Commission (CSRC) on July 5, 2022, allowing the issuance of up to 130 million new shares[29] - The validity period for the shareholder meeting resolution regarding the non-public offering has been extended by 12 months to November 25, 2023, to ensure the smooth progress of the issuance[29] - The company has established a special account for the funds raised from the stock issuance, ensuring proper storage and usage of the funds[29] Operational Efficiency - Inventory decreased to CNY 242,778,914.40 from CNY 297,528,417.32 in the previous year, indicating improved inventory management[15] - The cost of goods sold for Q1 2023 was CNY 411,000,014.34, up from CNY 376,020,021.88 in Q1 2022, reflecting a year-over-year increase of 9.31%[41] - Research and development expenses for Q1 2023 were CNY 17,921,546.74, slightly up from CNY 17,351,260.24 in Q1 2022, reflecting a year-over-year increase of 3.29%[41] - The company reported a financial expense of -CNY 592,066.90 in Q1 2023, compared to CNY 507,628.56 in Q1 2022, indicating a shift towards lower financial costs[41] - The deferred income increased significantly from CNY 40,153,923.72 to CNY 57,528,923.72, a rise of 43.25%[32] Tax and Compensation - The company reported a decrease in income tax expenses to $10,380,468.98 in Q1 2023 from $12,664,204.89 in Q1 2022[1] - The company reported a decrease in employee compensation payments to 81,929,284.75 from 91,938,591.35, reflecting cost management efforts[56] - The company received 2,898,709.86 in tax refunds, an increase from 87,181.93 in the previous period, indicating improved tax recovery efforts[56]