迎驾贡酒(603198) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 reached CNY 1,916,008,484.95, representing a year-on-year increase of 21.11%[5] - Net profit attributable to shareholders was CNY 699,934,316.98, reflecting a growth of 26.55% compared to the same period last year[5] - Basic earnings per share (EPS) increased to CNY 0.87, up by 26.09% year-on-year[6] - The net profit for Q1 2023 was CNY 703,442,848.90, representing an increase of 26.6% compared to CNY 555,617,895.70 in Q1 2022[21] - The total revenue from sales of goods and services reached CNY 1,946,307,139.21, up from CNY 1,619,062,266.79 in the same period last year, indicating a growth of 20.2%[25] - The operating profit for Q1 2023 was CNY 923,943,192.26, an increase of 25.4% from CNY 736,447,729.10 in Q1 2022[21] - The total comprehensive income for Q1 2023 was CNY 703,442,848.90, compared to CNY 555,617,895.70 in the same quarter last year[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 10,435,322,998.90, a 3.73% increase from the end of the previous year[6] - Cash and cash equivalents as of March 31, 2023, amounted to RMB 1,194,229,957.18, compared to RMB 1,136,735,109.91 at the end of 2022, showing a growth of 5.00%[16] - Total assets as of March 31, 2023, were RMB 10,435,322,998.90, an increase from RMB 10,060,233,666.76 at the end of 2022, representing a growth of 3.72%[18] - Total liabilities decreased to RMB 2,766,853,352.52 as of March 31, 2023, down from RMB 3,094,156,869.28 at the end of 2022, indicating a reduction of 10.57%[18] - The company's retained earnings increased to RMB 5,167,240,916.97 as of March 31, 2023, compared to RMB 4,467,306,599.99 at the end of 2022, reflecting a growth of 15.66%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,695[12] - The equity attributable to shareholders rose to CNY 7,628,628,463.50, marking a 10.10% increase compared to the previous year-end[6] Cash Flow - The net cash flow from operating activities was CNY 489,027,169.23, showing a decrease of 10.60% year-on-year[5] - The cash flow from operating activities generated a net amount of CNY 489,027,169.23, down from CNY 546,990,134.91 in the previous year[25] - The company reported a net cash outflow from investing activities of CNY -423,058,159.09, compared to CNY -544,381,651.85 in Q1 2022[26] Growth Strategies - The company attributed revenue growth to strengthening its position as a leading brand in China's ecological liquor market and product upgrades, particularly in high-end liquor sales[10] - The company plans to expand its market presence and invest in new product development to drive future growth[20] - The company is actively exploring potential mergers and acquisitions to enhance its competitive position in the market[20] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[21] Research and Development - Research and development expenses increased to CNY 18,262,106.58, compared to CNY 14,119,762.98 in Q1 2022, reflecting a rise of 29.8%[21] Profitability Metrics - The weighted average return on equity (ROE) improved to 9.62%, an increase of 0.85 percentage points from the end of the previous year[6] - The company reported a net profit margin improvement, with net profit for Q1 2023 expected to be higher than the previous year, although specific figures were not disclosed[20]