Shede Spirits (SH:600702)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 2,020,903,332.19, representing a year-on-year increase of 7.28%[4] - The net profit attributable to shareholders was RMB 569,494,573.49, reflecting a growth of 7.34% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was RMB 560,432,723.70, which is an increase of 8.50% year-on-year[4] - The basic earnings per share for the period was RMB 1.7219, an increase of 7.36% year-on-year[4] - The diluted earnings per share was RMB 1.7092, reflecting a growth of 6.97% compared to the same period last year[4] - The total profit for Q1 2023 was approximately ¥757.11 million, an increase from ¥713.23 million in Q1 2022, representing a growth of about 6.15%[18] - The net profit for Q1 2023 reached approximately ¥569.10 million, compared to ¥534.84 million in Q1 2022, marking an increase of around 6.41%[18] - The basic earnings per share for Q1 2023 were ¥1.7219, up from ¥1.6038 in Q1 2022, reflecting a growth of approximately 7.37%[18] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 10,981,276,494.51, up 12.08% from the end of the previous year[5] - Total assets as of March 31, 2023, amounted to ¥10,981,276,494.51, up from ¥9,797,748,205.66 at the end of 2022, representing an increase of 12.1%[16] - Total liabilities increased to ¥3,861,279,579.55 in Q1 2023 from ¥3,260,061,775.47 in Q1 2022, reflecting a growth of 18.5%[15] - The company's total equity reached ¥7,119,996,914.96 as of March 31, 2023, compared to ¥6,537,686,430.19 at the end of 2022, indicating an increase of 8.9%[16] - The equity attributable to shareholders increased to RMB 6,912,137,059.01, marking a 9.21% rise compared to the previous year-end[5] Cash Flow - The net cash flow from operating activities decreased by 45.59%, primarily due to an increase in cash paid for purchasing goods[7] - Cash inflow from operating activities in Q1 2023 totaled approximately ¥2.33 billion, compared to ¥1.89 billion in Q1 2022, indicating an increase of about 23.39%[20] - Cash outflow from operating activities in Q1 2023 was approximately ¥2.10 billion, up from ¥1.47 billion in Q1 2022, representing an increase of around 42.73%[20] - The net cash flow from operating activities for Q1 2023 was approximately ¥227.81 million, a decrease from ¥418.71 million in Q1 2022, showing a decline of about 45.54%[20] - The cash flow from investing activities in Q1 2023 was approximately -¥139.82 million, an improvement from -¥170.78 million in Q1 2022[20] - The cash flow from financing activities in Q1 2023 was approximately ¥50.04 million, compared to -¥1.72 million in Q1 2022, indicating a positive shift[21] - The ending cash and cash equivalents balance for Q1 2023 was approximately ¥2.51 billion, an increase from ¥2.10 billion in Q1 2022, reflecting a growth of about 19.38%[21] Shareholder Information - The company reported a total of 55,736 common shareholders at the end of the reporting period[9] Operating Costs and Expenses - Total operating costs for Q1 2023 were ¥1,277,525,127.17, up from ¥1,188,826,292.18 in Q1 2022, reflecting a year-over-year increase of 7.5%[17] - Research and development expenses increased significantly to ¥16,601,508.92 in Q1 2023, compared to ¥7,070,158.92 in Q1 2022, marking a rise of 134%[17] Inventory and Receivables - Accounts receivable decreased to ¥143,280,350.27 in Q1 2023 from ¥218,623,195.37 in Q1 2022, a decline of 34.5%[12] - Inventory increased to ¥3,851,140,912.38 in Q1 2023, up from ¥3,582,903,273.49 in Q1 2022, representing a growth of 7.5%[14] Return on Equity - The weighted average return on equity decreased by 1.93 percentage points to 8.55%[4]