SHUANGHUI(SZ:000895)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 15.67 billion, an increase of 13.83% compared to CNY 13.76 billion in the same period last year[2]. - Net profit attributable to shareholders was CNY 1.49 billion, reflecting a year-on-year increase of 1.90% from CNY 1.46 billion[2]. - The total external sales volume of meat products reached 817,000 tons, up 7.2% year-on-year[5]. - The total operating profit for the company was reported at ¥193,571.46 million, with a net profit of ¥194,117.47 million after accounting for non-operating income and expenses[17]. - Operating profit for the quarter was ¥1,935,714,563.14, slightly up from ¥1,903,740,033.62 in Q1 2022, indicating a growth of 1.7%[29]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 42.86 billion, a 17.70% increase from CNY 36.41 billion at the end of the previous year[2]. - The total assets increased to ¥42,856,315,012.67 from ¥36,411,979,719.78 at the beginning of the year, reflecting a growth of 17.5%[27]. - The total liabilities have risen to RMB 19,168,190,794.60 from RMB 14,229,511,445.34, marking an increase of about 34.4%[26]. - The company's equity attributable to shareholders increased to RMB 23,341,147,237.89 from RMB 21,852,805,984.41, showing a growth of approximately 6.8%[26]. Cash Flow - Cash flow from operating activities showed a significant improvement, with a net outflow of CNY 5.56 million compared to a net outflow of CNY 228.13 million in the same period last year, marking a 97.56% improvement[2]. - The net cash flow from investment activities increased by 183.72% to ¥870,039,000 in Q1 2023 from ¥306,655,000 in Q1 2022[9]. - The net cash flow from financing activities rose by 84.68% to ¥722,951,000 in Q1 2023 compared to ¥391,464,000 in Q1 2022, primarily due to increased bank borrowings[9]. - The cash inflow from financing activities reached CNY 11,186,633,477.63, up from CNY 6,622,810,000.00, marking an increase of approximately 68.5%[33]. - The net cash flow from financing activities was CNY 7,229,511,534.23, compared to CNY 3,914,636,874.74 in the previous year, reflecting a growth of about 84.5%[33]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 287,446, with the top ten shareholders holding 70.33% of shares[10]. - The largest shareholder, Rotkes Limited, holds 2,436,727,364 shares, representing 70.33% of the total[10]. Investment and Projects - The chicken industrialization project has achieved an investment progress of 103.75%, with a cumulative investment of ¥345,482.30 million against a commitment of ¥333,000.00 million[20]. - The pig breeding capacity construction project also reached an investment progress of 103.59%, with a cumulative investment of ¥102,555.11 million against a commitment of ¥99,000.00 million[20]. - The meat processing technology renovation project has a cumulative investment of ¥21,439.18 million, achieving 79.40% of its planned investment[20]. - The company plans to continue expanding its market presence and enhancing its product offerings in the upcoming quarters[9]. Financial Management - Financial expenses decreased significantly, with a net income of CNY -7.12 million compared to CNY -2.77 million in the previous year, indicating improved interest income[8]. - Investment income rose by 166.74% to CNY 2.79 million, attributed to better performance in financial investments[8]. - The company has a total of ¥29,612.45 million in idle raised funds, which includes net earnings of ¥21,599.84 million after deducting bank fees[18]. - The company has not reported any issues or other situations regarding the use and disclosure of raised funds[21]. Research and Development - Research and development expenses increased to ¥43,851,689.91 from ¥38,564,825.02, marking a rise of 13.4% year-over-year[28].