迎驾贡酒(603198) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥2,324,673,220.84, representing a year-on-year increase of 21.33%[4] - Net profit attributable to shareholders was ¥912,951,132.00, reflecting a growth of 30.43% compared to the same period last year[4] - Basic earnings per share were ¥1.14, up by 31.03% from the previous year[4] - Total operating revenue for Q1 2024 reached ¥2,324,673,220.84, a 21.4% increase from ¥1,916,008,484.95 in Q1 2023[19] - Net profit for Q1 2024 was ¥916,127,602.18, compared to ¥703,442,848.90 in Q1 2023, representing a growth of 30.3%[20] - Earnings per share for Q1 2024 were ¥1.14, an increase from ¥0.87 in Q1 2023[20] Cash Flow and Investments - The net cash flow from operating activities amounted to ¥619,537,436.15, an increase of 26.69% year-on-year[4] - In Q1 2024, the company generated operating cash inflow of approximately RMB 2.36 billion, an increase from RMB 1.97 billion in Q1 2023, representing a growth of about 19.7%[22] - The net cash flow from operating activities for Q1 2024 was RMB 619.54 million, up from RMB 489.03 million in Q1 2023, indicating a year-over-year increase of approximately 26.7%[22] - The total cash inflow from investment activities in Q1 2024 was RMB 1.87 billion, slightly higher than RMB 1.86 billion in Q1 2023, showing a marginal increase of about 0.7%[23] - The net cash flow from investment activities improved to RMB 146.24 million in Q1 2024, compared to a negative cash flow of RMB 423.06 million in Q1 2023[23] - The company reported a net cash flow from financing activities of negative RMB 28.36 million in Q1 2024, a decline from a positive cash flow of RMB 9.95 million in Q1 2023[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,276,803,403.57, a 5.03% increase from the end of the previous year[5] - Total current assets as of March 31, 2024, amounted to RMB 9,471,298,496.15, an increase from RMB 9,022,204,457.38 as of December 31, 2023, reflecting a growth of approximately 5%[14] - Total non-current assets reached RMB 2,805,504,907.42 as of March 31, 2024, compared to RMB 2,666,551,109.35 at the end of 2023, indicating an increase of about 5.2%[16] - Total liabilities as of the end of Q1 2024 amounted to ¥2,985,879,684.51, down from ¥3,310,909,449.85 at the end of Q1 2023[17] - The total liabilities as of March 31, 2024, were not explicitly stated but can be inferred from the current liabilities, which included accounts payable of RMB 555,751,113.22, showing stability compared to RMB 555,412,796.79 at the end of 2023[16] Shareholder Information - Shareholders' equity attributable to the parent company was ¥9,249,457,653.47, marking a 10.95% increase compared to the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 26,543[9] - Total equity increased to ¥9,290,923,719.06 in Q1 2024, compared to ¥8,377,846,116.88 in Q1 2023, marking a rise of 10.9%[17] Operational Insights - The growth in net profit was primarily driven by increased revenue from mid-to-high-end liquor products, particularly the Dongcang series[8] - The company reported a significant increase in investment income, with a total of ¥16,118,308.98 in Q1 2024 compared to ¥13,229,433.25 in Q1 2023[19] - Research and development expenses for Q1 2024 were ¥17,813,762.72, slightly down from ¥18,262,106.58 in Q1 2023[19] - Employee compensation payments rose to RMB 218.52 million in Q1 2024, up from RMB 184.44 million in Q1 2023, indicating an increase of approximately 18.5%[22] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[21] - The company has not provided any specific guidance or outlook for future performance in this report[13] - The company has not disclosed any new product launches or technological advancements in the current report period[13] - There were no significant changes in the top 10 shareholders or their participation in margin trading activities compared to the previous period[12]