Eastroc Beverage(SH:605499)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥2,490,866,047.01, representing a year-on-year increase of 24.14%[4] - Net profit attributable to shareholders was ¥497,251,730.00, reflecting a growth of 44.28% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥453,277,397.45, an increase of 36.86% year-on-year[4] - Basic earnings per share were ¥1.2431, up by 44.28% from the previous year[4] - The company's operating profit for Q1 2023 was CNY 640.89 million, up 45.7% from CNY 439.65 million in the same period last year[24] - The company recorded a total comprehensive income of CNY 488.73 million in Q1 2023, compared to CNY 344.65 million in Q1 2022[24] Cash Flow and Investments - The net cash flow from operating activities was ¥723,996,981.40, showing a significant increase of 148.49%[4] - Cash flow from operating activities generated a net amount of CNY 723.99 million, significantly higher than CNY 291.35 million in Q1 2022[26] - The company reported a net cash flow from investment activities of -1,100,578,278.47 RMB, compared to -291,937,276.40 RMB in the same period last year[27] - The total cash inflow from financing activities was 1,405,161,696.53 RMB, an increase from 818,000,000.00 RMB year-over-year[27] - The net cash flow from financing activities was 249,489,789.51 RMB, down from 688,085,670.47 RMB in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥12,827,939,817.55, an increase of 8.07% from the end of the previous year[5] - The company's total liabilities rose to CNY 7,274,611,514.53, an increase of 6.9% from CNY 6,805,357,274.90 at the end of 2022[21] - The total current liabilities were 6,705,698,938.93 RMB, remaining stable compared to the previous reporting period[30] - The total equity attributable to shareholders reached approximately CNY 5.06 billion[31] Revenue Breakdown - In Q1 2023, the company's main business revenue increased by 24.49% year-on-year, with revenue from the Guangdong region growing by 7.25%, nationwide revenue up by 36.86%, and direct sales revenue rising by 28.50%[12] - The total revenue for Q1 2023 was CNY 2.49 billion, compared to CNY 1.99 billion in Q1 2022, with the core product, Dongpeng Special Drink, generating CNY 2.38 billion, a 25.00% increase year-on-year[13] - The Guangdong region accounted for 33.82% of total revenue in Q1 2023, while the nationwide region contributed 56.95%[11] - Direct sales accounted for 9.23% of total revenue in Q1 2023, reflecting a growth in online sales and direct customers[11] Shareholder Information - The top shareholder, Lin Muqin, holds 49.74% of the shares, indicating significant ownership concentration[15] - The total number of ordinary shareholders at the end of the reporting period was 9,481[14] - The company has no preferred shareholders with restored voting rights as of the reporting date[14] Operating Costs and Expenses - The company experienced a 23.39% increase in operating costs, primarily due to sales growth[9] - Total operating costs for Q1 2023 were CNY 1,907,811,429.42, up from CNY 1,584,804,243.79 in Q1 2022, reflecting a year-over-year increase of 20.4%[21] - Sales expenses rose to CNY 390.71 million, an increase of 15.5% from CNY 337.97 million in Q1 2022[24] - The company reported a tax expense of CNY 144.04 million, up from CNY 94.71 million in the previous year, reflecting higher profitability[24] Research and Development - Research and development expenses increased to CNY 10.37 million, up from CNY 9.05 million in the previous year, indicating a focus on innovation[24] Future Plans - The company plans to enhance its nationwide sales network, strengthen channel construction, and gradually promote new products across the country[12] - The company aims to actively develop health-functional beverages to meet diverse consumer demands[12]