Panda Dairy (SZ:300898)2024-04-24 11:11Revenue and Profit - Revenue for Q1 2024 was CNY 184,985,427.86, a decrease of 14.05% compared to CNY 215,222,362.78 in the same period last year[5] - Net profit attributable to shareholders increased by 38.61% to CNY 26,566,060.66 from CNY 19,165,749.58 year-on-year[5] - Basic and diluted earnings per share rose by 40.00% to CNY 0.21 from CNY 0.15 in the previous year[5] - Net profit for Q1 2024 reached CNY 26,897,196.82, representing a 47.5% increase from CNY 18,256,793.46 in Q1 2023[22] - Earnings per share for Q1 2024 were CNY 0.21, up from CNY 0.15 in the previous year[23] Cash Flow - The net cash flow from operating activities decreased by 45.56% to CNY 9,929,471.42, primarily due to a reduction in cash received from customers[12] - Cash inflow from operating activities was CNY 235,843,335.77, compared to CNY 274,678,892.67 in the same quarter last year, reflecting a decrease of 14.1%[25] - The company reported a total cash outflow from operating activities of ¥225,913,864.35, compared to ¥256,439,826.81 in the previous year[26] - The cash flow from financing activities showed a net outflow of -¥56,052,915.82, compared to a net inflow of ¥18,390,259.04 in the same quarter last year[26] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 1,095,761,439.96, down 4.42% from CNY 1,146,493,057.61 at the end of the previous year[5] - Total liabilities as of Q1 2024 amounted to CNY 114,483,816.82, a decrease from CNY 197,112,631.29 in the previous year[22] - Total equity attributable to shareholders of the parent company was CNY 970,212,857.36, an increase from CNY 943,646,796.70 year-over-year[22] Investment and Financial Activities - The company experienced a 68.18% decline in investment income, which fell to CNY 564,179.92 from CNY 1,772,847.38 year-on-year[11] - The company reported a significant increase in investment income, totaling CNY 564,179.92 compared to CNY 1,772,847.38 in the previous year[22] - Financial expenses increased by 256.55% to CNY -682,669.72, attributed to higher bank interest income[11] Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,803[14] - The largest shareholder, Lishui Zion Food Technology Co., Ltd., holds 30.48% of shares, totaling 37,800,000 shares[14] Inventory and Receivables - Accounts receivable decreased from ¥35,928,808.11 to ¥19,769,102.72, a reduction of about 45%[18] - Inventory increased from ¥123,649,345.49 to ¥153,351,709.96, an increase of approximately 24%[18] Other Financial Metrics - The weighted average return on equity increased to 2.78% from 2.21% year-on-year[5] - The company plans to continue focusing on cost reduction and efficiency improvements to enhance profitability in the upcoming quarters[22] - The company did not conduct an audit for the Q1 2024 report[27]