惠泉啤酒(600573) - 2020 Q1 - 季度财报

Sales Performance - In Q1 2020, the company sold 39,962 thousand liters of beer, a year-on-year decrease of 13.13%[5] - Total operating revenue for Q1 2020 was ¥109,608,890.19, a decrease of 12.43% compared to ¥125,124,902.54 in Q1 2019[20] - The company's operating revenue for Q1 2020 was ¥77,522,969.97, a decrease of 14.5% compared to ¥90,716,209.88 in Q1 2019[23] Financial Performance - The company's revenue for Q1 2020 was 109,608,890.19 RMB, down 12.40% compared to the same period last year[7] - The net profit attributable to shareholders was -7,077,600.51 RMB, indicating a loss compared to -5,654,792.82 RMB in the previous year[7] - Net loss for Q1 2020 was ¥7,254,068.05, compared to a net loss of ¥6,032,236.06 in Q1 2019, representing an increase in loss of 20.23%[21] - The gross profit margin for Q1 2020 was approximately -6.00%, compared to -4.78% in Q1 2019[20] - Total equity decreased slightly to ¥1,218,054,551.18 in Q1 2020 from ¥1,220,182,943.04 in Q1 2019[20] Cash Flow - The net cash flow from operating activities was 32,982,577.11 RMB, up 45.34% year-on-year[7] - The cash flow from operating activities for Q1 2020 was ¥32,982,577.11, an increase of 45.5% from ¥22,693,646.55 in Q1 2019[25] - The company experienced a significant net cash outflow from investing activities of -¥419,886,447.18, an improvement from -¥465,919,328.78 in Q1 2019[28] Assets and Liabilities - Total assets at the end of the reporting period were 1,242,042,405.34 RMB, an increase of 1.54% from the end of the previous year[7] - The company's total liabilities increased to ¥69,282,741.78 in Q1 2020 from ¥54,456,431.14 in Q1 2019, an increase of 27.14%[20] - The total liabilities increased to CNY 103,090,874.27 from CNY 77,013,656.46, marking an increase of about 33.9%[15] - The company's current assets totaled CNY 810,119,861.85, compared to CNY 784,141,477.22 at the end of 2019, reflecting a growth of approximately 3.5%[14] Investment and Expenses - The company recorded a decrease in investment income of 73.68%, amounting to 230,794.52 RMB, primarily due to reduced returns from matured bank financial products[12] - Research and development expenses decreased to ¥2,912,201.08 in Q1 2020 from ¥4,129,758.31 in Q1 2019, a reduction of 29.49%[20] - The company's sales expenses for Q1 2020 were ¥4,118,389.69, slightly down from ¥4,453,883.69 in Q1 2019[23] Equity and Shareholder Information - The company’s weighted average return on equity was -0.58%, a decrease of 0.08 percentage points from the previous year[7] - The company's equity attributable to shareholders decreased to CNY 1,130,852,433.15 from CNY 1,137,930,033.66, a decline of approximately 0.6%[15] - Basic earnings per share for Q1 2020 was -¥0.03, compared to -¥0.02 in Q1 2019[21] Other Financial Metrics - The company reported a total of ¥6,604,830.61 in contract liabilities for Q1 2020, indicating ongoing obligations[20] - The company began implementing new revenue and leasing standards from January 1, 2020, which resulted in the reclassification of advance payments related to beer sales to contract liabilities[32] - The company’s cash outflow for investing activities included ¥420,000,000.00 related to other investment activities, down from ¥460,000,000.00 in the previous year[28]