GYLS(600059)2024-04-25 07:37Financial Performance - The company's operating revenue for Q1 2024 was CNY 567,227,009.49, representing a year-on-year increase of 10.74%[5] - The net profit attributable to shareholders for the same period was CNY 62,004,526.27, reflecting a growth of 5.34% compared to the previous year[5] - Total operating revenue for Q1 2024 reached ¥567,227,009.49, an increase of 10.8% compared to ¥512,208,575.09 in Q1 2023[21] - Net profit for Q1 2024 was ¥62,637,930.16, compared to ¥59,455,939.56 in Q1 2023, representing an increase of 3.7%[22] - Earnings attributable to shareholders of the parent company for Q1 2024 were ¥62,004,526.27, up from ¥58,862,647.77 in Q1 2023, a growth of 3.9%[23] - Basic and diluted earnings per share for Q1 2024 were both ¥0.07, compared to ¥0.06 in Q1 2023[23] Cash Flow - The net cash flow from operating activities was negative at CNY -99,350,183.82, a decrease of 15.38% year-on-year[5] - The net cash flow from operating activities was -99,350,183.82, compared to -86,108,571.64 in the previous year, indicating a decline in operational cash generation[26] - Total cash inflow from operating activities amounted to 494,928,789.27, an increase from 419,074,016.80 year-over-year[26] - Cash outflow from operating activities increased to 594,278,973.09 from 505,182,588.44, reflecting higher operational costs[26] - The net cash flow from investing activities decreased by 147.36%, primarily due to the absence of compensation received from the demolition of the Shen Yonghe distillery in the current period[8] - The net cash flow from investing activities was -99,526,969.39, a significant decrease from a positive cash flow of 210,166,122.23 in the previous year[27] - Cash inflow from investing activities totaled 6,575,362.21, down from 358,195,070.03 year-over-year[27] - Cash outflow from investing activities decreased to 106,102,331.60 from 148,028,947.80, indicating reduced investment spending[27] - The net cash flow from financing activities was -354,174.00, compared to -171,174.00 in the previous year, showing increased cash outflow related to financing[27] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to CNY 6,632,819,227.29, down 3.09% from the end of the previous year[6] - The company's equity attributable to shareholders increased by 1.07% to CNY 5,879,050,383.90 compared to the end of the previous year[6] - Current liabilities totaled ¥705,602,732.67, down from ¥979,417,568.75, a decrease of approximately 28.00%[17] - The company's total liabilities decreased to ¥1,411,205,465.34 from ¥1,479,135,265.05, reflecting a decline of approximately 4.60%[17] - Total liabilities as of Q1 2024 amounted to ¥715,431,480.32, a decrease from ¥989,477,439.98 in the previous year[22] Research and Development - Research and development expenses for the quarter rose by 20.52%, indicating increased investment in innovation[8] - Research and development expenses for Q1 2024 were ¥8,028,214.11, up from ¥6,661,063.55 in Q1 2023, indicating a rise of 20.5%[22] Accounts Receivable and Payable - Accounts receivable increased by 42.69% year-to-date, primarily due to an increase in sales[8] - The company reported a significant decrease of 52.81% in accounts receivable financing, attributed to a reduction in notes[8] - Accounts receivable increased to ¥203,987,470.02 from ¥142,956,328.23, marking an increase of approximately 42.66%[16] - The company reported a significant increase in accounts payable, which decreased to ¥334,226,975.03 from ¥419,734,785.43, a reduction of about 20.34%[17]