双塔食品(002481) - 2024 Q1 - 季度财报

Revenue and Profitability - The company's revenue for Q1 2024 was ¥435,094,146.53, a decrease of 16.95% compared to ¥523,909,959.95 in the same period last year[5] - Net profit attributable to shareholders was ¥41,626,198.96, a significant increase of 168.68% from a loss of ¥60,610,480.14 in the previous year[5] - Total operating revenue for Q1 2024 was CNY 435,094,146.53, a decrease of 17% compared to CNY 523,909,959.95 in the same period last year[19] - Net profit for Q1 2024 was CNY 40,949,384.44, a significant recovery from a net loss of CNY 61,045,881.87 in Q1 2023[20] - Operating profit turned positive at CNY 38,159,184.09 compared to a loss of CNY 71,350,944.60 in the previous year[20] Cash Flow - The net cash flow from operating activities increased by 162.24% to ¥124,198,897.30, compared to ¥47,360,487.55 in the same period last year[5] - Cash flow from operating activities generated a net inflow of CNY 124,198,897.30, up from CNY 47,360,487.55 in the same quarter last year[21] - In Q1 2024, the net cash flow from financing activities was ¥122,799,880.51, a significant improvement compared to a net outflow of ¥139,361,589.37 in Q1 2023[22] - The total cash and cash equivalents at the end of Q1 2024 amounted to ¥353,797,012.25, up from ¥163,500,908.36 at the end of Q1 2023, indicating a net increase of ¥142,929,054.02[22] - Cash received from borrowings in Q1 2024 was ¥386,949,177.02, compared to ¥129,058,000.00 in Q1 2023, reflecting a year-over-year increase of approximately 200%[22] - Cash outflow for debt repayment in Q1 2024 was ¥145,049,117.20, down from ¥243,422,000.00 in Q1 2023, showing a reduction of about 40%[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,102,514,944.64, reflecting a 7.83% increase from ¥3,804,579,987.01 at the end of the previous year[5] - The total liabilities of the company amounted to RMB 1,478,552,450.95, up from RMB 1,234,965,073.99, indicating a rise of approximately 19.7%[17] - The company's total equity stood at RMB 2,623,962,493.69, reflecting an increase from RMB 2,569,614,913.02, which is a growth of about 2.1%[17] - The company's equity attributable to shareholders rose to CNY 2,609,904,033.08 from CNY 2,554,879,637.89[18] Inventory and Borrowings - Inventory increased by 40.81% compared to the beginning of the period, primarily due to an increase in raw materials and finished goods[8] - Short-term borrowings rose by 39.73% compared to the beginning of the period, mainly due to increased bank loans[8] - Inventory levels rose significantly to RMB 650,886,270.70 from RMB 469,340,123.98, marking an increase of approximately 38.6%[16] - Short-term borrowings increased to RMB 808,739,691.76 from RMB 578,800,000.00, which is an increase of about 39.7%[17] Expenses - Operating costs decreased by 41.17%, attributed to lower raw material procurement costs and changes in product sales structure[8] - Management expenses increased by 235.50%, primarily due to the amortization of share-based payment expenses[8] - Research and development expenses increased to CNY 16,721,416.45 from CNY 13,346,273.20, reflecting a focus on innovation[19] - The company reported a significant reduction in financial expenses, with interest expenses decreasing to CNY 907,626.19 from CNY 2,414,679.31[19] Other Financial Metrics - Basic earnings per share rose to ¥0.0418, up 182.28% from a loss of ¥0.0508 per share in the previous year[5] - Earnings per share for Q1 2024 was CNY 0.0418, compared to a loss per share of CNY 0.0508 in the previous year[20] - The accounts receivable decreased slightly to RMB 212,855,659.05 from RMB 226,208,628.70, showing a decline of approximately 5.9%[16] - The company reported a decrease in prepayments from RMB 254,365,101.20 to RMB 110,440,206.53, a decline of about 56.5%[16] - The capital reserve increased to RMB 96,375,204.38 from RMB 82,977,008.15, reflecting a growth of approximately 16.1%[17] - The retained earnings rose to RMB 1,101,280,052.30 from RMB 1,059,653,853.34, indicating an increase of about 3.9%[17] Audit Status - The company did not undergo an audit for the Q1 2024 report, which may affect the perception of financial reliability[23]