养元饮品(603156) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 8.56% to CNY 850.47 million year-on-year[4] - Operating revenue declined by 12.53% to CNY 2.49 billion compared to the same period last year[4] - Basic earnings per share decreased by 14.13% to CNY 1.1290[4] - The weighted average return on net assets decreased by 3.59 percentage points to 6.86%[4] - Total operating revenue for Q1 2019 was ¥2,494,818,486.22, a decrease of 12.5% compared to ¥2,852,286,595.78 in Q1 2018[22] - Net profit for Q1 2019 was ¥850,473,659.85, a decline of 8.6% from ¥930,039,485.76 in Q1 2018[24] - Earnings per share for Q1 2019 was ¥1.1290, compared to ¥1.3148 in Q1 2018, reflecting a decrease of 14.0%[25] - The company reported a total profit of ¥1,060,857,836.52 for Q1 2019, a decrease of 14.5% from ¥1,239,578,574.05 in Q1 2018[24] Cash Flow - Net cash flow from operating activities worsened by 26.86%, amounting to -CNY 978.75 million[4] - The cash flow from operating activities showed a net outflow of approximately ¥979 million, worsening from a net outflow of ¥772 million in the previous year[28] - Cash flow from investment activities resulted in a net outflow of approximately ¥1.21 billion, contrasting with a net inflow of ¥3.43 billion in Q1 2018[30] - The net cash flow from investment activities was -1,218,280,363.26 RMB in Q1 2019, contrasting with a positive cash flow of 3,428,519,417.83 RMB in Q1 2018[31] Assets and Liabilities - Total assets decreased by 7.04% to CNY 14.22 billion compared to the end of the previous year[4] - Total liabilities decreased from ¥3,322,003,895.13 to ¥1,385,323,284.69, a decline of approximately 58%[17] - Current liabilities decreased significantly from ¥3,236,396,390.39 to ¥1,300,404,464.10, a reduction of about 60%[17] - Non-current assets increased from ¥2,069,067,462.33 to ¥2,184,958,222.56, an increase of approximately 5.5%[17] - Owner's equity rose from ¥11,970,063,005.22 to ¥12,830,704,636.42, reflecting an increase of about 7.2%[18] Shareholder Information - The total number of shareholders reached 22,898 by the end of the reporting period[8] - The largest shareholder, Yao Kuizhang, holds 21.15% of the shares[8] Research and Development - Research and development expenses rose by 148.59% to ¥6,900,645.93 from ¥2,775,935.54, reflecting increased investment in R&D[12] - Research and development expenses increased to ¥6,900,645.93 in Q1 2019, up 148.1% from ¥2,775,935.54 in Q1 2018[24] Inventory and Receivables - Accounts receivable increased by 87.71% to ¥70,490,350.21 from ¥37,552,609.18, primarily due to changes in settlement periods with supermarkets[11] - Inventory decreased by 36.69% to ¥478,955,599.33 from ¥756,528,677.30, attributed to a reduction in materials and entrusted processing materials[11] Financial Adjustments - The company executed new financial instrument standards starting January 1, 2019, impacting financial reporting[38] - The company expects significant changes in net profit compared to the same period last year, with a warning issued regarding potential losses[13]