Eastroc Beverage(SH:605499)2022-04-29 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 2,006,542,868.33, representing a year-on-year increase of 17.26%[5] - The net profit attributable to shareholders was CNY 344,648,919.77, showing a slight increase of 0.81% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 1.60% to CNY 331,199,943.84[5] - Basic and diluted earnings per share were both CNY 0.8616, down 9.28% due to an increase in the weighted average number of shares[5] - The net profit for Q1 2022 was CNY 344,648,919.77, a slight increase from CNY 341,889,465.56 in Q1 2021, representing a growth of approximately 0.8%[25] - The total comprehensive income for Q1 2022 was CNY 344,648,919.77, slightly up from CNY 341,889,465.56 in Q1 2021, reflecting a growth of about 0.8%[26] Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 35.95% to CNY 291,353,586.90[5] - The cash flow from operating activities showed a net increase of CNY 291,353,586.90, down from CNY 454,908,294.32 in Q1 2021, reflecting a decrease of approximately 36%[28] - The cash and cash equivalents at the end of Q1 2022 amounted to CNY 1,686,636,835.51, an increase from CNY 989,639,114.76 at the end of Q1 2021, representing a growth of approximately 70.6%[29] - The cash outflow from investing activities was CNY 700,501,377.80, down from CNY 1,134,014,915.68 in the previous year, indicating a reduction of approximately 38%[28] - The cash inflow from financing activities was CNY 818,000,000.00, significantly higher than CNY 14,000,000.00 in Q1 2021, marking an increase of over 5,700%[29] Assets and Liabilities - Total assets at the end of Q1 2022 were CNY 8,955,562,912.74, an increase of 14.96% from the end of the previous year[6] - Total liabilities increased to CNY 4,972,803,452.27 from CNY 3,552,365,618.28, reflecting a rise of 40.0%[22] - The company's accounts receivable increased to ¥30,533,110.30 from ¥24,573,790.08, representing a growth of 24.0%[20] - Inventory levels rose to ¥381,380,701.15, compared to ¥340,036,039.63, marking an increase of 12.2%[20] Operating Costs and Expenses - Operating costs increased by 24.03%, driven by rising prices of bulk raw materials[10] - Total operating costs for Q1 2022 were ¥1,584,804,243.79, up from ¥1,279,132,720.76 in Q1 2021, reflecting a year-over-year increase of 24.0%[24] - Selling expenses rose by 20.45%, attributed to increased advertising and freezer placements[10] - Management expenses increased by 29.57%, mainly due to higher salaries for management personnel and increased investment in information technology[10] - Research and development expenses for Q1 2022 were ¥9,048,777.41, slightly down from ¥9,715,708.47 in Q1 2021[24] Revenue Breakdown - In Q1 2022, the company's total revenue reached ¥199,922.72 million, representing a year-on-year growth of 17.26%[12] - Revenue from the Guangdong region was ¥78,486.92 million, accounting for 39.26% of total revenue, with a year-on-year increase of 7.07%[12] - National revenue amounted to ¥103,550.91 million, making up 51.79% of total revenue, with a year-on-year growth of 25.60%[12] - Direct sales revenue was ¥17,884.89 million, which is 8.95% of total revenue, showing a year-on-year increase of 19.89%[12] - The core product, Dongpeng Special Drink, generated ¥190,651.75 million in revenue, accounting for 95.36% of total revenue, with a year-on-year growth of 15.89%[13] - Other beverages contributed ¥9,270.97 million, representing 4.64% of total revenue, with a significant year-on-year increase of 50.53%[13] Shareholder Information - Shareholders' equity attributable to the parent company decreased by 6.03% to CNY 3,982,759,460.47, primarily due to dividend declarations[6] - The top shareholder, Lin Muqin, holds 49.74% of the shares, indicating a strong control over the company[15] Strategic Focus - The company continues to focus on expanding its market presence while enhancing sales of its 500ml gold bottle product[12] - The company is actively exploring new strategies for market expansion and product development to sustain growth[12]