东鹏饮料(605499) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached CNY 3,482,167,762.79, representing a year-on-year increase of 39.80%[3] - Net profit attributable to shareholders for Q1 2024 was CNY 663,880,398.30, up 33.51% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 624,426,053.36, reflecting a 37.76% increase year-on-year[3] - Basic earnings per share for Q1 2024 were CNY 1.6597, which is a 33.51% increase compared to the same period last year[3] - The company's net profit margin for Q1 2024 was approximately 22.6%, compared to 20.0% in Q1 2023[22] - In Q1 2024, Dongpeng Beverage reported a net profit of CNY 663.88 million, a 33.4% increase from CNY 497.25 million in Q1 2023[23] - The total comprehensive income for Q1 2024 was CNY 664.40 million, compared to CNY 488.73 million in Q1 2023, marking a 36% increase[24] Cash Flow and Assets - The net cash flow from operating activities for Q1 2024 was CNY 859,544,401.77, an increase of 18.72% from the previous year[3] - Cash and cash equivalents as of the reporting period amounted to RMB 7,053.72 million, up from RMB 6,057.69 million in the previous year[17] - The net cash flow from operating activities was CNY 859.54 million, an increase of 18.7% from CNY 723.99 million in the previous year[26] - Cash and cash equivalents at the end of Q1 2024 totaled CNY 3.97 billion, a significant increase from CNY 1.31 billion at the end of Q1 2023[27] - The company reported a decrease in cash outflows from investing activities, with a net cash flow of CNY -190.16 million compared to CNY -1.10 billion in Q1 2023[26] - Dongpeng Beverage's cash inflow from financing activities was CNY 2.15 billion, an increase from CNY 1.41 billion in the previous year[27] Operating Costs and Expenses - The company's operating costs increased by 41.67%, driven by sales growth[7] - Total operating costs for Q1 2024 were ¥2,694,283,711.06, up 41.3% from ¥1,907,811,429.42 in Q1 2023[22] - Sales expenses surged by 52.53%, primarily due to increased investment in freezers[7] - The company incurred a total operating profit of CNY 834.72 million, up 30.2% from CNY 640.89 million in the same quarter last year[23] Assets and Equity - Total assets at the end of Q1 2024 amounted to CNY 15,816,284,627.50, a 7.52% increase from the end of the previous year[4] - The company's total assets increased to ¥15,816,284,627.50, up from ¥14,710,049,912.67 year-over-year, representing a growth of 7.5%[21] - Shareholders' equity attributable to the parent company was CNY 6,988,160,838.27, reflecting a 10.51% increase year-on-year[4] - The total equity attributable to shareholders increased to ¥6,988,160,838.27, up from ¥6,323,757,848.37, indicating a growth of 10.6%[21] Revenue Breakdown - The company's main business revenue for Q1 2024 reached RMB 347,758.62 million, a year-on-year increase of 39.73% compared to RMB 248,874.54 million in Q1 2023[11] - Revenue from the Guangdong region grew by 9.45% year-on-year, while national revenue increased by 51.21%, and direct sales revenue surged by 79.87%[11] - The main product, Dongpeng Special Drink, accounted for 89.16% of total revenue in Q1 2024, down from 95.76% in the same period last year[12] - Other beverages' revenue share increased from 4.24% to 10.84%, with Dongpeng Water and Dongpeng Daka contributing 6.92% to total revenue[12] Market Strategy - The company plans to enhance its national sales network and strengthen channel construction to support market supply and promote new products[12] - The company continues to focus on the Guangdong market while actively expanding into the national market[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,571, with the largest shareholder holding 49.74% of the shares[13] Tax and R&D Expenses - The company reported a tax expense of ¥36,832,629.60 for Q1 2024, compared to ¥25,100,383.23 in Q1 2023, reflecting a rise of 46.7%[22] - Research and development expenses for Q1 2024 were ¥11,066,111.35, slightly up from ¥10,372,748.19 in Q1 2023[22] Investment Income - The company reported a decrease of 55.04% in investment income, mainly due to reduced returns from bank wealth management products and large certificates of deposit[7]