张裕A(000869) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was CNY 1,667,424,758, a decrease of 7.57% compared to CNY 1,804,057,976 in the same period last year[2] - Net profit attributable to shareholders was CNY 456,381,471, down 4.81% from CNY 479,444,238 year-on-year[2] - The net profit after deducting non-recurring gains and losses was CNY 450,709,661, a decrease of 3.32% compared to CNY 466,181,564 in the previous year[2] - Basic and diluted earnings per share were both CNY 0.67, a decline of 4.29% from CNY 0.70 in the previous year[2] - The company reported a total comprehensive income of CNY 447,035,149 for Q1 2019, compared to CNY 471,696,356 in Q1 2018[20] - The company's total profit for Q1 2019 was CNY 613,346,197, a decrease of 3.5% from CNY 637,054,857 in Q1 2018[18] Cash Flow - The net cash flow from operating activities was CNY 294,678,342, down 41.91% from CNY 507,263,964 in the same period last year[2] - The total cash inflow from operating activities was CNY 1,563,610,240, a decrease of 12.7% compared to CNY 1,791,710,450 in the previous period[23] - Cash outflow for purchasing goods and services was CNY 461,343,969, an increase of 10.1% from CNY 418,799,244 in the previous period[23] - The cash inflow from investment activities was CNY 27,261,986, significantly lower than CNY 297,460 in the previous period[24] - The net cash flow from investment activities was -CNY 107,477,015, compared to -CNY 515,131,203 in the previous period, indicating an improvement[24] - Cash inflow from financing activities was CNY 78,214,913, down 19.1% from CNY 96,644,015 in the previous period[24] - The net cash flow from financing activities was CNY 5,106,454, a decrease of 44.5% from CNY 9,229,771 in the previous period[24] - The total cash and cash equivalents at the end of the period was CNY 1,398,700,011, an increase from CNY 1,181,680,397 at the end of the previous period[24] - The company reported a net increase in cash and cash equivalents of CNY 191,839,677, compared to a net increase of CNY 791,123 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,317,351,339, an increase of 1.52% from CNY 13,117,729,052 at the end of the previous year[2] - Current liabilities decreased to CNY 2.51 billion from CNY 2.75 billion, a reduction of approximately 8.6%[14] - Total liabilities decreased to CNY 2.98 billion from CNY 3.23 billion, a decline of about 7.6%[14] - The company's equity attributable to shareholders increased to CNY 10.06 billion from CNY 9.61 billion, reflecting a growth of 4.7%[14] - The total non-current assets amounted to CNY 8.05 billion, slightly down from CNY 8.10 billion, a decrease of 0.6%[13] Shareholder Information - The top shareholder, Yantai Zhangyu Group Co., Ltd., holds 50.40% of the shares, totaling 345,473,856 shares[5] - Net assets attributable to shareholders increased by 4.68% to CNY 10,055,194,755 from CNY 9,606,099,365 at the end of the previous year[2] Operational Highlights - Operating revenue decreased by 7.57% year-over-year, attributed to a strategic focus on high-quality and mid-to-high-end products, leading to a significant decline in low-end wine sales[7] - Sales expenses decreased by 14.90%, primarily due to a reduction in advertising costs[7] - Research and development expenses were CNY 990,219, a decrease of 11.6% from CNY 1,120,457 in the same quarter last year[18] - The company anticipates potential significant changes in net profit for the first half of 2019 compared to the same period last year[11] Miscellaneous - The company received government subsidies amounting to CNY 6,172,178 during the reporting period[3] - There were no significant non-recurring gains or losses defined as regular income during the reporting period[3] - The accumulated difference in trademark usage fees from 2013 to present amounts to ¥231,768,615, with commitments to offset this amount against future fees[10] - The company did not conduct an audit for the first quarter report[28]