YLT(SH:600197)2024-04-25 10:17Financial Performance - Net profit for the first quarter reached CNY 160,509,854.91, up from CNY 151,246,818.07, representing a growth of approximately 2.5%[14] - The total profit amounted to CNY 218,106,844.76, compared to CNY 201,272,450.50 in the same period last year, indicating an increase of about 8.6%[14] - Total operating revenue for Q1 2024 reached ¥831,414,344.57, representing a 12.39% increase compared to Q1 2023[35] - Net profit attributable to shareholders for Q1 2024 was ¥158,961,213.54, reflecting a 6.12% year-over-year growth[35] - The total comprehensive income attributable to the parent company increased to ¥158,961,213.54 from ¥148,447,617.67, marking a rise of about 7.5%[43] Assets and Liabilities - Total assets increased by 4.32% to CNY 5,152,305,865.78 compared to CNY 4,935,378,679.11 in the previous period[20] - The total assets as of March 31, 2024, amounted to ¥5,152,305,865.78, an increase from ¥4,935,378,679.11 at the end of 2023[29] - Total liabilities increased to ¥1,086,277,269.66 from ¥1,031,518,546.78, representing a growth of approximately 5.3%[37] - Total equity rose to ¥4,066,028,596.12 from ¥3,903,860,132.33, reflecting an increase of about 4.2%[37] Cash Flow - The company reported a net cash flow from operating activities of ¥159,607,155.73, which is a decrease of 34.48% compared to the previous year[35] - Net cash flow from operating activities decreased by 34.48% to ¥159,607,155.73, primarily due to increased material costs and corresponding taxes[49] - In Q1 2024, the company reported cash inflows from operating activities totaling ¥791,529,357.56, an increase from ¥727,267,255.17 in Q1 2023, representing a growth of approximately 8.83%[60] - The cash received from sales of goods and services was ¥776,650,795.15, compared to ¥714,277,786.68 in the same period last year, indicating an increase of about 8.73%[60] - The company reported a net cash outflow from investing activities of ¥70,920,986.94, compared to a net outflow of ¥64,996,915.17 in the previous period[38] Shareholder Information - The number of shares held by the top ten unrestricted shareholders includes significant holdings from China Life Insurance Co., Ltd. and E Fund Management Co., Ltd.[8] - The largest shareholder, Xinjiang Yili Group Co., Ltd., holds 42.68% of the shares[41] - The number of ordinary shareholders at the end of the reporting period was 52,459[41] Operational Insights - The company has not indicated any significant changes in its operational strategies or market expansion plans during this quarter[9] - The company is focusing on enhancing its operational efficiency and exploring new market opportunities as part of its strategic initiatives[60] Accounting and Reporting - There were no adjustments made to the financial statements due to the first-time implementation of new accounting standards[17] - The company confirmed that there are no major omissions or misleading statements in the quarterly report[2] - The report indicates that there were no profits recorded from merged entities under common control, with previous periods also showing zero net profit[77] - The company’s financial information is guaranteed to be true, accurate, and complete by the responsible executives, ensuring transparency in reporting[64] - The report is unaudited, which may affect the reliability of the financial data presented[63] Other Financial Metrics - The gross operating cost for Q1 2024 was ¥605,408,500.70, an increase from ¥534,023,997.99 in Q1 2023[31] - Basic earnings per share for Q1 2024 were ¥0.3368, a 7.09% increase year-over-year[35] - Basic earnings per share improved to ¥0.3368 from ¥0.3145, indicating a growth of approximately 7.1%[43] - The weighted average return on equity for Q1 2024 was 4.08%, an increase of 0.11 percentage points compared to the previous year[35] - The company recorded a non-operating loss of ¥378,847.72, primarily due to other non-recurring income and expenses, with a tax impact of ¥411,331.77[67] - The total cash paid for purchasing goods and services was ¥261,881,919.79, up from ¥174,024,999.15 in Q1 2023, reflecting a significant increase of approximately 50.5%[60] - The cash paid to employees increased to ¥111,942,409.98 from ¥93,652,058.03, reflecting a rise of about 19.5%[38] - The company’s inventory as of March 31, 2024, was ¥1,893,268,717.03, showing a slight decrease from ¥1,893,301,798.53 at the end of 2023[28] - Current assets totaled ¥2,903,857,311.50, up from ¥2,705,529,822.79 at the end of 2023[28] - The company's cash and cash equivalents at the end of Q1 2024 were ¥664,252,649.49, compared to ¥908,722,906.57 at the end of 2023[34] - The report highlights a significant increase in cash received from other operating activities, amounting to ¥14,542,037.70, compared to ¥11,707,968.10 in the previous year[60]