山西汾酒(600809) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 reached ¥12,682,473,811.08, representing a year-on-year increase of 20.44%[3] - Net profit attributable to shareholders was ¥4,819,017,582.42, reflecting a growth of 29.89% compared to the same period last year[3] - The basic earnings per share (EPS) for the period was ¥3.95, an increase of 29.93% year-on-year[3] - Operating profit for Q1 2023 was CNY 6.45 billion, up 29.5% from CNY 4.98 billion in Q1 2022[15] - Net profit for Q1 2023 amounted to CNY 4.83 billion, representing a 29.7% increase compared to CNY 3.73 billion in Q1 2022[15] - The company reported a total comprehensive income of CNY 4.83 billion for Q1 2023, compared to CNY 3.73 billion in Q1 2022, reflecting a 29.5% increase[15] - Basic and diluted earnings per share for Q1 2023 were both CNY 3.95, up from CNY 3.04 in Q1 2022[15] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥40,313,642,645.59, up 9.89% from the previous year[4] - Current assets totaled CNY 31.97 billion, up from CNY 29.20 billion, indicating a growth of about 9.5% year-over-year[11] - Total liabilities decreased to CNY 13.73 billion from CNY 14.94 billion, a decline of approximately 8.1%[13] - The company's equity attributable to shareholders increased to CNY 26.14 billion from CNY 21.32 billion, marking a growth of about 22.5%[13] - The company’s total non-current assets increased to CNY 8.35 billion from CNY 7.48 billion, reflecting a growth of approximately 11.6%[12] Cash Flow - The net cash flow from operating activities was ¥3,433,089,676.54, showing a slight decrease of 2.98% year-on-year[3] - Cash flow from operating activities for Q1 2023 was CNY 3.43 billion, slightly down from CNY 3.54 billion in Q1 2022[16] - The cash flow from investment activities amounted to -$10.44 billion, compared to -$8.38 billion in the previous year, indicating a decline of approximately 24.7%[17] - The net increase in cash and cash equivalents was -$7.00 billion, compared to -$4.84 billion in the previous year, reflecting a worsening of approximately 44.6%[17] - The cash flow from investment activities saw an increase in outflows to $10.95 billion from $9.71 billion year-over-year, marking an increase of about 12.8%[17] Sales and Distribution - The number of distributors at the end of the reporting period was 3,647, with an increase of 10 new distributors during the period[9] - Sales revenue from high-end liquor categories was ¥949,586,600, contributing significantly to overall revenue[9] - Revenue from online sales platforms totaled ¥49,196,760, indicating the company's growing e-commerce presence[9] Expenses - Research and development expenses increased significantly to CNY 18.40 million, up from CNY 7.48 million in the same period last year, marking a 146.5% rise[14] - Sales expenses decreased to CNY 1.01 billion, down 14.1% from CNY 1.17 billion in Q1 2022[14] - Total operating costs for Q1 2023 were CNY 6.21 billion, an increase of 12.1% from CNY 5.54 billion in Q1 2022[14] Strategic Insights - The board of directors announced the financial results on April 28, 2023, highlighting the need for strategic adjustments moving forward[17] - The company did not apply new accounting standards or interpretations for the current year[17] - The company's financial report reflects a challenging investment environment with increased cash outflows[17]