Financial Performance - The company expects a net profit of 55 million to 71 million yuan for Q1 2024, a decrease of 89.55% to 86.51% compared to the same period last year, where the profit was 52.63 million yuan [4]. - Total operating revenue for Q1 2024 is projected to be between 4.7 billion and 5.1 billion yuan, representing a year-on-year increase of 516.91% to 569.42% [8]. - The net profit from the snack business, excluding share-based payment expenses, is expected to be between 110 million and 130 million yuan, with a net profit margin of approximately 2.39% to 2.60% [10]. - The snack business revenue is anticipated to be between 4.6 billion and 5 billion yuan, showing a significant year-on-year growth of 678.31% to 745.99% [9]. - The financial data provided is preliminary and subject to final confirmation in the Q1 2024 report [11]. Business Development - The company has approximately 1.7 billion yuan in cash as of the end of the reporting period, providing ample financial support for business development [10]. - The edible mushroom business has experienced a decline in revenue due to significant fluctuations in the market prices of key products, such as enoki mushrooms, compared to the previous year [10]. - The company is focusing on enhancing supply chain capabilities, logistics, brand building, and digitalization to improve operational efficiency and competitive advantage [10]. - The company aims to achieve high-quality growth in its core snack and edible mushroom businesses, responding to national policies to promote consumption and expand domestic demand [7]. - The company has implemented various measures to optimize its incentive mechanisms, enhancing the motivation of its retail business teams [7].
万辰集团(300972) - 2024 Q1 - 季度业绩预告