舍得酒业(600702) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,105,431,909.47, representing a 4.13% increase compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 550,283,251.89, showing a decrease of 3.35% year-over-year[4]. - Basic earnings per share for the period was CNY 1.6632, down 3.39% from CNY 1.7216 in the previous year[4]. - The company's net profit for Q1 2024 was ¥549,387,582.35, a decrease of 3.5% compared to ¥568,986,763.49 in Q1 2023[18]. - Operating profit for Q1 2024 was ¥728,274,259.79, down from ¥754,986,974.92 in the same period last year, reflecting a decline of 3.5%[18]. - The total comprehensive income attributable to the parent company's owners was ¥550,283,251.89, down from ¥569,383,085.17 in the previous year, a decrease of 3.5%[18]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 52.24% to CNY 108,416,360.91, primarily due to an increase in bank acceptance bills received for sales[7]. - Cash flow from operating activities generated a net amount of ¥108,416,360.91, significantly lower than ¥226,996,818.85 in Q1 2023, indicating a decrease of 52.2%[19]. - The company's cash and cash equivalents as of March 31, 2024, amounted to RMB 2,980,195,659.01, an increase from RMB 2,421,970,931.35 as of December 31, 2023[12]. - The company's cash and cash equivalents at the end of Q1 2024 amounted to ¥2,677,238,620.96, an increase from ¥2,511,735,253.92 at the end of Q1 2023, representing a growth of 6.6%[20]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 11,925,127,481.32, reflecting a 7.23% increase from the end of the previous year[5]. - Total liabilities for Q1 2024 were CNY 3,925,718,144.70, compared to CNY 3,556,890,980.63 in Q1 2023, reflecting an increase of approximately 10.3%[15]. - The company's total equity reached CNY 7,999,409,336.62 in Q1 2024, up from CNY 7,564,659,289.45 in Q1 2023, indicating a growth of about 5.8%[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 130,279[8]. - Sichuan Tuopai Shede Group Co., Ltd. held 30.22% of the shares, totaling 100,695,768 shares[8]. - The company reported a total of 100,695,768 shares held by its largest shareholder, Sichuan Tuopai Shide Group Co., Ltd.[10]. - The top ten shareholders include various institutional investors, with the largest being Sichuan Tuopai Shide Group Co., Ltd.[10]. Operational Costs and Expenses - Operating costs for Q1 2024 were CNY 1,379,716,341.71, up from CNY 1,278,691,136.88 in Q1 2023, indicating an increase of about 7.9%[17]. - Research and development expenses rose to CNY 28,573,841.91 in Q1 2024, compared to CNY 16,601,508.92 in Q1 2023, marking an increase of approximately 72%[17]. - Accounts receivable increased significantly to CNY 401,628,398.90 in Q1 2024 from CNY 267,767,748.39 in Q1 2023, representing a growth of approximately 50%[14]. - Inventory levels rose to CNY 4,553,578,567.55 in Q1 2024, compared to CNY 4,423,804,188.54 in Q1 2023, indicating an increase of about 2.9%[14]. - The company reported a decrease in employee compensation liabilities to CNY 241,124,038.66 in Q1 2024 from CNY 335,604,574.47 in Q1 2023, a reduction of approximately 28.2%[15]. Share Repurchase and Strategic Initiatives - The total amount of funds used for the share repurchase plan is between RMB 100 million and RMB 200 million, with a maximum repurchase price of RMB 131.00 per share[11]. - As of the report date, the company has repurchased a total of 1,486,431 shares, accounting for 0.45% of the total share capital of 333,167,579 shares[11]. - The highest repurchase price recorded was RMB 83.00 per share, while the lowest was RMB 69.96 per share, with a total expenditure of RMB 113,825,050.53 (excluding transaction fees)[11]. - The company plans to implement an employee stock ownership plan as part of its share repurchase strategy[11]. - The company is focused on enhancing quality and efficiency while returning value to shareholders through its strategic initiatives[11]. Related Party Transactions - The report indicates that the company has not identified any related party transactions among its top shareholders[10].