山西汾酒(600809) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 39.36% to CNY 1.22 billion, with a basic earnings per share of CNY 1.4145, up 39.36%[5] - Operating income for the quarter was CNY 4.14 billion, representing a 1.71% increase year-on-year[5] - The diluted earnings per share for the quarter was CNY 1.4111, reflecting a 39.02% increase year-on-year[5] - Net profit rose by 30.63% to ¥1,235,035,158.84 from ¥945,440,105.16[11] - Net profit attributable to shareholders increased by 39.36% to ¥1,224,758,932.62 from ¥878,814,221.23[11] - Basic earnings per share increased by 39.36% to ¥1.4145 from ¥1.0150[11] - Total operating revenue for Q1 2020 was approximately ¥4.14 billion, a slight increase from ¥4.07 billion in Q1 2019, representing a growth of 1.9%[19] - Net profit for Q1 2020 reached approximately ¥1.24 billion, compared to ¥945 million in Q1 2019, reflecting an increase of 30.6%[20] - Earnings per share (EPS) for Q1 2020 was ¥1.4145, up from ¥1.0150 in Q1 2019, indicating a growth of 39.4%[21] - The comprehensive income for Q1 2020 totaled approximately ¥1.23 billion, compared to ¥950 million in Q1 2019, reflecting an increase of 30%[21] Assets and Liabilities - Total assets decreased by 6.94% to CNY 14.95 billion compared to the end of the previous year[5] - Total assets decreased from ¥16,067,772,126.06 to ¥14,953,428,655.03, a decline of approximately 6.9%[15] - Non-current liabilities decreased from ¥8,443,181,358.10 to ¥6,088,664,950.95, a reduction of about 28.1%[16] - Current liabilities decreased from ¥8,388,661,674.61 to ¥6,038,021,914.66, representing a decrease of approximately 28.1%[15] - Total liabilities decreased to approximately ¥3.48 billion in Q1 2020 from ¥4.13 billion in Q1 2019, a decline of about 15.7%[18] - Total equity increased from ¥7,624,590,767.96 to ¥8,864,763,704.08, an increase of about 16.3%[16] - Total equity increased to approximately ¥7.53 billion in Q1 2020 from ¥7.44 billion in Q1 2019, showing a growth of 1.2%[18] Cash Flow - Net cash flow from operating activities dropped significantly by 94.93% to CNY 126.22 million compared to the same period last year[5] - Cash flow from operating activities generated a net amount of ¥126,220,138.11, a significant drop from ¥2,490,983,117.33 in Q1 2019[25] - The net cash flow from operating activities in Q1 2020 was CNY 362,493,612.24, down 85.3% from CNY 2,470,952,695.90 in the same period last year[27] - The total cash inflow from operating activities was CNY 2,902,171,507.02, while the total cash outflow was CNY 2,539,677,894.78, resulting in a net cash inflow of CNY 362,493,612.24[27] - The company experienced a net decrease in cash and cash equivalents of CNY 979,383,357.23 in Q1 2020, contrasting with an increase of CNY 110,602,771.17 in Q1 2019[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,573[8] - The largest shareholder, Shanxi Xinghua Village Fenjiu Group Co., Ltd., held 58.14% of the shares[9] Operational Metrics - Total revenue from main business reached ¥411,357.37 million, with the majority from direct sales and agency channels[12] - The number of distributors increased by 30 to a total of 2,519[12] - Management expenses increased by 33.29% to ¥226,659,510.66 from ¥170,044,181.27 due to workforce integration[11] Other Financial Metrics - Other operating income and expenses resulted in a net loss of CNY 242,575.78[7] - Other current assets increased by 44.82% to ¥756,192,377.91 from ¥522,165,369.87[10] - Non-current assets increased by 74.98% to ¥196,936,805.32 from ¥112,549,415.87[10] - Cash and cash equivalents increased slightly from ¥2,010,531,033.09 to ¥2,031,147,675.86, an increase of about 1.6%[16] - Accounts receivable decreased from ¥858,693,293.45 to ¥660,585,124.45, a decline of approximately 23.1%[17] - Inventory increased from ¥3,127,601,856.68 to ¥3,471,450,524.16, an increase of about 11%[17] - Deferred tax assets decreased from ¥833,442,544.40 to ¥619,612,993.24, a decline of approximately 25.7%[15] - Long-term payables decreased from ¥27,129,311.30 to ¥23,446,691.30, a reduction of approximately 13.2%[16] Research and Development - Research and development expenses for Q1 2020 were approximately ¥2.60 million, down from ¥3.74 million in Q1 2019, a decrease of 30.5%[19] - Research and development expenses decreased to ¥2,597,062.75, a decline of 30.54% from ¥3,737,379.11 in Q1 2019[22]