山西汾酒(600809) - 2021 Q1 - 季度财报

Financial Performance - Operating income for the first quarter was CNY 7.33 billion, representing a significant increase of 77.03% compared to CNY 4.14 billion in the same period last year[5]. - Net profit attributable to shareholders of the listed company was CNY 2.18 billion, up 77.72% from CNY 1.23 billion year-on-year[5]. - Basic earnings per share (EPS) rose to CNY 2.50, a 77.30% increase from CNY 1.41 in the same quarter last year[5]. - Total revenue rose by 77.03% to ¥7,332,071,098.88 compared to ¥4,141,675,266.22[10]. - Operating profit grew by 80.76% to ¥2,904,468,205.17 from ¥1,606,818,967.08[10]. - Comprehensive income for Q1 2021 totaled ¥2.18 billion, compared to ¥1.23 billion in Q1 2020, indicating a growth of 76.5%[23]. - The total profit for Q1 2021 was approximately CNY 1.01 billion, compared to CNY 107.89 million in Q1 2020, reflecting a significant increase[25]. - The net profit for Q1 2021 reached CNY 758.66 million, up from CNY 82.21 million in the same period last year, indicating a strong performance[25]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 21.98 billion, an increase of 11.12% compared to the end of the previous year[5]. - Current liabilities totaled ¥9,638,841,326.84, slightly up from ¥9,629,334,958.82, indicating a marginal increase of 0.1%[16]. - Non-current liabilities amounted to ¥84,088,321.23, compared to ¥84,263,218.99, showing a decrease of about 0.2%[17]. - Total liabilities reached ¥9,722,929,648.07, a slight increase from ¥9,713,598,177.81, reflecting a growth of about 0.1%[17]. - The total equity attributable to shareholders rose to ¥11,964,725,202.20 from ¥9,776,959,788.65, reflecting a significant increase of approximately 22.3%[17]. Cash Flow - The net cash flow from operating activities was CNY 246.41 million, an increase of 68.98% compared to CNY 145.83 million in the previous year[5]. - Operating cash inflow for Q1 2021 was CNY 5.22 billion, compared to CNY 3.86 billion in Q1 2020, showing a growth of approximately 35.3%[27]. - Cash received from sales of goods and services increased by 35.56% to ¥5,159,863,964.78 from ¥3,806,257,704.03[11]. - The company paid CNY 2.74 billion in taxes during Q1 2021, compared to CNY 1.67 billion in Q1 2020, indicating increased tax obligations due to higher revenues[27]. Research and Development - Research and development expenses increased by 61.59% to ¥4,196,631.90 from ¥2,597,062.75[10]. - Research and development expenses for Q1 2021 amounted to ¥4.20 million, up 61.7% from ¥2.60 million in Q1 2020[21]. Market and Sales - The company has optimized its marketing structure and enhanced sales personnel, leading to increased market influence and steady sales growth[5]. - Nearly 60% of the revenue growth in the first quarter was contributed by markets outside the province[5]. - Sales revenue from direct sales (including group purchases) was ¥6,804.51[13]. - The number of distributors in the province increased by 3 to 648[13]. Other Financial Metrics - The weighted average return on equity (ROE) was 19.54%, an increase of 4.68 percentage points compared to the previous year[5]. - Tax expenses for Q1 2021 were ¥721.95 million, compared to ¥370.90 million in Q1 2020, marking a 94.5% increase[22]. - The company reported a credit impairment loss of ¥27.25 million in Q1 2021, compared to a gain of ¥1.58 million in Q1 2020[22].