南侨食品(605339) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥741,418,159.64, representing a year-on-year increase of 12.29%[3] - The net profit attributable to shareholders decreased by 26.53% to ¥38,951,744.90, while the net profit after deducting non-recurring gains and losses fell by 39.55% to ¥31,676,767.47[3] - Basic and diluted earnings per share both decreased by 25.00% to ¥0.09[3] - The weighted average return on equity decreased by 0.45 percentage points to 1.19%[3] - Total operating revenue for Q1 2023 reached ¥741,418,159.64, an increase of 12.3% compared to ¥660,265,232.42 in Q1 2022[19] - Net profit attributable to shareholders for Q1 2023 was ¥38,951,744.90, a decrease of 26.6% from ¥53,020,608.84 in Q1 2022[20] - The company reported a total comprehensive income of ¥39,045,974.13 for Q1 2023, compared to ¥53,055,450.93 in Q1 2022[21] Cash Flow and Assets - The net cash flow from operating activities increased by 43.96% to ¥114,023,804.87, primarily due to a decrease in tax payments compared to the same period last year[8] - As of March 31, 2023, the company's cash and cash equivalents amounted to RMB 2,144,602,184.46, an increase from RMB 2,084,919,349.69 as of December 31, 2022, reflecting a growth of approximately 2.8%[14] - The total current assets decreased to RMB 2,841,688,475.72 from RMB 2,887,402,869.18, indicating a decline of about 1.6%[15] - Accounts receivable decreased to RMB 178,687,581.84 from RMB 199,974,095.14, representing a reduction of approximately 10.6%[15] - Inventory decreased to RMB 487,312,733.69 from RMB 570,050,602.11, showing a decline of about 14.5%[15] - Non-current assets increased slightly to RMB 1,281,588,024.02 from RMB 1,274,034,590.21, reflecting a growth of approximately 0.6%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,984[10] - The company reported a total of 346,015,384 shares held by foreign entities, representing 80.85% of the total shares[11] - The top ten unrestricted shareholders collectively hold 13,000,000 shares, with the largest shareholder holding 7,238,488 shares[12] Operational Strategy - The decline in net profit was attributed to increased marketing expenses and reduced gross profit from imported dairy products due to rising European dairy source prices[8] - The company is focusing on enhancing new product promotion and increasing market marketing activities to drive future growth[8] - The company is currently evaluating potential market expansion strategies and new product developments to enhance growth prospects[12] - The management emphasized the importance of maintaining operational efficiency and cost control in the upcoming quarters[12] Expenses - Total operating costs for Q1 2023 were ¥701,019,359.58, up 18.3% from ¥592,874,046.03 in Q1 2022[19] - Research and development expenses for Q1 2023 were ¥13,408,953.53, a decrease of 16.6% compared to ¥16,075,755.55 in Q1 2022[20] - Sales expenses for Q1 2023 were ¥54,265,798.39, an increase of 5.5% from ¥51,689,020.73 in Q1 2022[20] Cash Flow Activities - In Q1 2023, the cash inflow from operating activities was CNY 941,280,946.28, compared to CNY 926,652,349.43 in Q1 2022, reflecting a growth of approximately 1.3%[23] - The cash outflow for purchasing goods and services was CNY 609,544,456.46 in Q1 2023, compared to CNY 597,689,139.72 in Q1 2022, indicating a rise of approximately 2.5%[23] - The net cash flow from investing activities was negative CNY 37,887,997.55 in Q1 2023, worsening from negative CNY 20,119,379.87 in Q1 2022[24] - Cash inflow from financing activities was CNY 129,990,000.00 in Q1 2023, significantly higher than CNY 32,460,000.00 in Q1 2022, marking an increase of over 300%[24] - The net cash flow from financing activities was negative CNY 20,240,825.16 in Q1 2023, an improvement from negative CNY 42,203,675.56 in Q1 2022[24] - The total cash and cash equivalents at the end of Q1 2023 amounted to CNY 2,095,462,133.27, compared to CNY 2,025,235,454.86 at the end of Q1 2022, showing an increase of approximately 3.5%[24] - The company received tax refunds of CNY 8,160.62 in Q1 2023, up from CNY 5,094.25 in Q1 2022, indicating a growth of about 60%[23] - The cash received from other operating activities was CNY 9,083,639.85 in Q1 2023, significantly higher than CNY 919,847.89 in Q1 2022, reflecting a growth of over 890%[23] - The cash outflow for taxes paid decreased to CNY 45,076,659.14 in Q1 2023 from CNY 64,233,564.21 in Q1 2022, representing a reduction of approximately 30%[24]