Milkground(SH:600882)2024-04-26 10:09Financial Performance - The company's operating revenue for Q1 2024 was ¥949,770,638.24, representing a decrease of 7.14% compared to the same period last year[4]. - Net profit attributable to shareholders increased by 70.63% to ¥41,297,504.42, driven by reduced advertising, storage, and incentive costs[4][7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 426.34% to ¥30,889,942.81[4][7]. - Basic and diluted earnings per share both rose by 70.83% to ¥0.082[4][7]. - Total revenue for Q1 2024 was CNY 949,770,638.24, a decrease of 7.13% compared to CNY 1,022,743,665.28 in Q1 2023[17]. - Net profit for Q1 2024 was CNY 41,297,504.42, an increase of 20.38% from CNY 34,309,384.08 in Q1 2023[18]. - Earnings per share for Q1 2024 were CNY 0.082, compared to CNY 0.048 in Q1 2023, reflecting a 70.83% increase[18]. - Operating profit for Q1 2024 was CNY 14,044,107.83, compared to an operating loss of CNY 13,351,208.15 in the same period last year[28]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥220,452,904.62, with significant improvements attributed to reduced accounts receivable and procurement expenses[4][7]. - Cash flow from operating activities for Q1 2024 was CNY 220,452,904.62, a significant improvement from a negative cash flow of CNY -115,769,286.23 in Q1 2023[22]. - The cash outflow from financing activities was CNY 362,036,846.59, compared to CNY 311,991,941.78 in the previous year[23]. - Cash inflow from investment activities in Q1 2024 was CNY 1,129,758,504.49, compared to CNY 3,762,904,976.21 in Q1 2023[22]. - The net cash flow from investment activities was negative CNY 1,500,029,376.57, contrasting with a positive cash flow of CNY 216,232,822.08 in the previous year[23]. - Financing activities generated a net cash inflow of CNY 187,510,090.04, a turnaround from a net outflow of CNY 92,159,791.78 in Q1 2023[30]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥6,790,240,342.55, a slight decrease of 0.62% from the end of the previous year[5]. - As of March 31, 2024, the total current assets amounted to RMB 3,516,333,778.44, a decrease of 5.2% from RMB 3,708,329,974.67 on December 31, 2023[13]. - The total liabilities decreased to RMB 3,516,333,778.44 from RMB 3,708,329,974.67, indicating a reduction in financial obligations[14]. - The total liabilities decreased to CNY 2,446,399,111.10 in Q1 2024 from CNY 2,529,963,685.80 in Q1 2023[15]. - The total liabilities increased to CNY 3,451,334,378.62 from CNY 3,266,581,493.41 year-over-year[26]. - The company's short-term borrowings were reported at RMB 889,416,002.20, down from RMB 994,651,195.33, reflecting a decrease of 10.6%[14]. - The company's short-term borrowings were CNY 200,143,611.12, with no short-term borrowings reported in the previous year[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 52,625[9]. - Inner Mongolia Mengniu Dairy Industry (Group) Co., Ltd. remains the largest shareholder, holding 36.51% of the shares[9]. - The company reported a total of 1,024,000 shares held in the repurchase account, with 240,000 shares pending cancellation[10]. - The company has not disclosed any significant changes in shareholder participation in margin financing and securities lending activities[11]. Operational Insights - There are no significant reminders or additional important information regarding the company's operational status during the reporting period[12]. - The company plans to continue focusing on market expansion and new product development to drive future growth[28]. - The company reported a decrease in sales expenses to CNY 212,718,386.52 in Q1 2024 from CNY 248,021,469.59 in Q1 2023, indicating improved cost management[17]. - Research and development expenses for Q1 2024 were CNY 10,287,151.09, slightly down from CNY 11,031,153.89 in Q1 2023[17]. - The company’s R&D expenses for Q1 2024 were CNY 451,548.50, reflecting its commitment to innovation[28].