惠泉啤酒(600573) - 2024 Q1 - 季度财报

Sales Performance - In Q1 2024, the company achieved beer sales of 50,395.99 thousand liters, representing a year-on-year growth of 2%[2] - Sales revenue from mid-to-high-end products was 94.61 million RMB, a year-on-year increase of 1.30%[6] - Sales revenue from ordinary products reached 43.97 million RMB, reflecting a growth of 3.90% compared to the previous year[6] Revenue and Profit - The total operating revenue for Q1 2024 was 140.82 million RMB, an increase of 2.86% compared to the same period last year[3] - The total profit reached 6.36 million RMB, showing a significant year-on-year increase of 480.46%[2] - The net profit attributable to shareholders was 5.11 million RMB, reflecting a remarkable growth of 468.51% year-on-year[3] - Operating profit for Q1 2024 was CNY 6,363,881.55, significantly up from CNY 1,095,884.32 in Q1 2023, indicating a growth of 480.0%[21] - The net profit for Q1 2024 was CNY 4,983,246.47, a significant increase from CNY 770,652.68 in Q1 2023, representing a growth of approximately 546%[22] - The total comprehensive income attributable to the parent company was CNY 5,105,737.86, compared to CNY 898,096.00 in the same quarter last year, representing a growth of about 468%[22] Cash Flow and Liquidity - The net cash flow from operating activities was 54.04 million RMB, up by 65.38% compared to the previous year[3] - Cash and cash equivalents as of March 31, 2024, were CNY 1,120,835,126.52, compared to CNY 1,074,714,217.29 at the end of 2023, reflecting an increase of 4.3%[17] - The net cash flow from operating activities improved to CNY 54,038,792.45, compared to CNY 32,674,956.49 in Q1 2023, marking an increase of approximately 65%[23] - Cash and cash equivalents at the end of Q1 2024 stood at CNY 103,836,920.66, compared to CNY 162,089,403.84 at the end of Q1 2023, reflecting a decrease of about 36%[24] - The company’s financing activities generated a net cash flow of CNY 19,873,461.11, compared to CNY 0 in Q1 2023, indicating a positive shift in financing[24] Assets and Liabilities - Total assets at the end of the reporting period were 1.57 billion RMB, a 4.99% increase from the end of the previous year[3] - Total assets increased to CNY 1,568,007,851.76 as of March 31, 2024, from CNY 1,493,447,041.77 at the end of 2023, marking a growth of 5.0%[18] - Total liabilities rose to CNY 306,061,490.28 in Q1 2024, up from CNY 236,483,926.76 in Q1 2023, an increase of 29.3%[18] Equity and Earnings - The company's equity attributable to shareholders was 1.25 billion RMB, showing a slight increase of 0.41% from the previous year[3] - The company's total equity as of March 31, 2024, was CNY 1,261,946,361.48, compared to CNY 1,256,963,115.01 at the end of 2023, showing a slight increase of 0.4%[18] - The basic earnings per share increased to 0.02 RMB, marking a 400% rise year-on-year[3] - Earnings per share (EPS) for Q1 2024 was CNY 0.020, up from CNY 0.004 in Q1 2023, indicating a growth of 400%[22] Operating Costs and Expenses - Total operating costs decreased to CNY 134,825,120.52 in Q1 2024 from CNY 136,205,115.82 in Q1 2023, representing a reduction of 1.0%[21] - The company incurred operating expenses of CNY 104,223,986.10, down from CNY 152,580,542.91 in Q1 2023, a reduction of approximately 31.7%[23] - Research and development expenses for Q1 2024 were CNY 6,568,938.22, slightly up from CNY 6,382,431.79 in Q1 2023, indicating a growth of 2.9%[21] Investment Activities - The company reported a net interest income of CNY 8,486,463.33 in Q1 2024, compared to CNY 6,821,311.81 in Q1 2023, reflecting a growth of 24.4%[21] - The company reported a net cash outflow from investing activities of CNY -73,376,670.07, worsening from CNY -59,698,910.63 in the previous year[24] - The company received CNY 50,000,000.00 from other investment-related cash inflows, down from CNY 180,000,000.00 in Q1 2023, a decrease of approximately 72.2%[23]