涪陵榨菜(002507) - 2023 Q1 - 季度财报

Financial Performance - The total operating revenue for the first quarter of 2023 was CNY 760,199,455.92, an increase of 10.4% compared to CNY 688,547,425.28 in the previous period[44]. - The net profit for the first quarter was CNY 261,354,400.36, an increase of 21.9% compared to CNY 214,189,091.66 in the previous period[45]. - Net profit attributable to shareholders for Q1 2023 was ¥261,354,400.36, reflecting a 22.02% year-over-year growth[51]. - The net profit after deducting non-recurring gains and losses was ¥243,506,973.76, which is a 24.96% increase from the previous year[51]. - The diluted earnings per share is reported at ¥0.2944 based on the latest total share capital of 887,630,022 shares[28]. - The basic and diluted earnings per share for Q1 2023 were both ¥0.29, up 20.83% from ¥0.24 in the same quarter last year[51]. Assets and Liabilities - Total assets increased to ¥8,726,689,221.75, up 1.45% from the beginning of the year[7]. - Total liabilities decreased to ¥710,206,151.35 from ¥846,651,119.18, reflecting a reduction in overall debt levels[36]. - Current liabilities decreased to ¥600,024,901.51, down from ¥737,634,471.01, showing improved liquidity management[17]. - Cash and cash equivalents at the end of the period were CNY 547,859,261.54, compared to CNY 422,307,811.28 at the end of the previous period[47]. - The company's cash and cash equivalents at the end of March 2023 were ¥3,234,219,188.88, down from ¥3,414,375,354.16 at the beginning of the year[57]. - Trading financial assets decreased to ¥802,742,569.12 from ¥1,113,053,295.43 at the start of the year[57]. Inventory and Receivables - Inventory increased significantly to ¥676,064,585.13, up from ¥470,442,428.29, indicating a strong buildup of stock[17]. - Accounts receivable increased by 795.14% to ¥49,833,550.38, attributed to increased credit limits provided to customers to enhance competitiveness[31]. - Inventory rose by 43.71% to ¥676,064,585.13, primarily due to the acquisition of raw materials[31]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥149,024,221.72, a decrease of 232.97% compared to the previous year, driven by reduced cash receipts and increased payments for raw material purchases and promotional expenses[31]. - The net cash flow from operating activities was negative at -¥149,024,221.72, a decline of 232.97% compared to the previous year[51]. - The net cash flow from investment activities was CNY -183,877,935.12, improving from CNY -338,972,841.89 in the previous period[39]. Shareholder Equity - Equity attributable to shareholders rose to ¥8,016,483,070.40, reflecting a 3.37% increase[7]. - The total equity attributable to shareholders rose to ¥8,016,483,070.40, compared to ¥7,755,128,670.04, reflecting a positive trend in shareholder equity[36]. - The weighted average return on equity for Q1 2023 was 3.31%, an increase from 2.94% in the same period last year[51]. Expenses - The total operating costs amounted to CNY 471,468,086.06, up from CNY 457,009,670.54, reflecting a rise of 3.2%[44]. - The company experienced a 51.73% increase in cash payments to employees, totaling ¥117,149,222.26, due to payments related to corporate annuities for 2021 and 2022[31]. - The company reported a significant increase in sales expenses, which reached CNY 135,647,769.87, compared to CNY 123,010,866.43 in the previous period[45]. - The research and development expenses were CNY 798,547.45, slightly down from CNY 860,615.85 in the previous period[45]. Non-Recurring Items - Non-recurring gains and losses totaled ¥356,136.75, primarily from personal income tax refund fees[9]. - The company reported a total of ¥17,847,426.60 in non-recurring gains and losses for the period, after accounting for tax effects[55]. Corporate Governance - The company has committed to ensuring the accuracy and completeness of its financial reporting, as confirmed by the board and supervisory committee[49]. - The company has not made any significant changes to accounting policies that would materially affect financial results[27]. - The company has not disclosed any new product developments or technological advancements in this report[30]. - There are no plans for market expansion or mergers and acquisitions mentioned in the current report[30]. - The first quarter report has not been audited, which may affect the reliability of the financial data presented[22].