盖世食品(836826) - 2024 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2024 reached CNY 106,264,290.92, representing a 10.17% increase from CNY 96,456,344.74 in Q1 2023[11] - Net profit attributable to shareholders surged by 250.92% to CNY 7,546,110.18, compared to a loss of CNY 5,000,119.96 in the same period last year[11] - The company reported a basic earnings per share of CNY 0.06, a significant improvement from a loss of CNY 0.05 per share in the previous year[11] - Net profit for Q1 2024 was CNY 7,556,362.61, compared to a net loss of CNY 4,996,274.57 in Q1 2023, indicating a significant turnaround[53] - Operating profit for the period was CNY 11,213,432.88, a significant recovery from a loss of CNY 7,036,463.89 in the previous year[54] Cash Flow - The net cash flow from operating activities was negative at CNY -12,488,304.32, a decline of 140.49% from CNY 30,839,552.01 in Q1 2023[11] - Cash flow from operating activities showed a net outflow of CNY 12,488,304.32, contrasting with a net inflow of CNY 30,839,552.01 in the same quarter last year[57] - Cash flow from investing activities resulted in a net outflow of CNY 7,096,501.40, compared to a larger outflow of CNY 41,813,358.79 in Q1 2023[57] - Cash flow from financing activities generated a net inflow of CNY 3,799,842.04, recovering from a net outflow of CNY 6,597,427.67 in the previous year[57] Assets and Liabilities - Total assets increased by 5.57% to CNY 479,542,174.82 as of March 31, 2024, compared to CNY 454,241,352.53 at the end of 2023[11] - The company's total liabilities rose to CNY 151,810,533.35 from CNY 134,077,506.09, which is an increase of about 13.3%[48] - Short-term borrowings increased to CNY 45,068,247.10 from CNY 36,316,123.39, reflecting a rise of approximately 24.5%[47] Inventory and Receivables - The company's inventory increased by 40.85% to CNY 80,690,232.02, indicating a rise in stock levels[12] - The accounts receivable for export tax rebates rose significantly, contributing to a 173.28% increase in other receivables to CNY 2,775,900.42[12] - Accounts receivable decreased to CNY 37,791,137.41 from CNY 46,344,753.50, a reduction of about 18.5%[46] Shareholder Information - Total outstanding shares amount to 117,401,587, with 43.34% being freely tradable shares[18] - The largest shareholder, Shanghai Lexiang Family Industrial Co., Ltd., holds 48.10% of the shares, increasing its holdings by 87,521 shares[20] - The company has a total of 5,216 common shareholders[18] Employee Compensation and Stock Options - The company granted stock options totaling 2,000,000 shares at a price of 7.50 CNY per share to 46 employees as part of the 2022 equity incentive plan[27] - The total number of stock options granted but not yet exercised by the end of the reporting period was 1,188,000[29] - Employee compensation payments increased to $13.49 million from $9.93 million, reflecting a rise in workforce costs[59] Government Support and Expenses - Government subsidies recognized in the period amounted to CNY 1,112,449.42, marking a 786.95% increase year-on-year[13] - Management expenses rose by 36.02% to CNY 3,449,901.17, attributed to increased operational costs[13] - Research and development expenses decreased to CNY 515,842.99 from CNY 1,494,028.92 in the same period last year, indicating a strategic shift in resource allocation[54] Corporate Governance - The company has committed to avoiding competition with its controlling shareholder, ensuring no direct or indirect involvement in competing businesses[39] - The company has made commitments regarding social security and housing fund payments, ensuring compliance with regulations and protecting shareholder interests[40]