CITIC Wine(SH:600084)2024-04-26 11:12Financial Performance - The company's operating revenue for Q1 2024 was ¥37,378,521.03, representing a decrease of 55.42% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥1,104,560.23, down 90.59% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥122,996.37, a decline of 98.88% compared to the previous year[5]. - Basic and diluted earnings per share were both ¥0.0010, down 90.38% from the same period last year[5]. - Total operating revenue for Q1 2024 was ¥37,378,521.03, a decrease of 55.5% compared to ¥83,854,058.71 in Q1 2023[22]. - Net profit for Q1 2024 was ¥969,638.77, a significant decline from ¥11,811,469.44 in Q1 2023[23]. - The company reported a basic earnings per share of ¥0.0010 for Q1 2024, down from ¥0.0104 in Q1 2023[23]. - The total equity attributable to shareholders increased slightly to ¥1,278,526,395.82 in Q1 2024 from ¥1,277,566,867.04 in Q1 2023[22]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥43,743,438.80, a decrease of 295.51% year-on-year, primarily due to reduced sales revenue and increased payments for grape raw materials[5][9]. - The net cash flow from operating activities for Q1 2024 was -¥43,743,438.80, compared to a positive cash flow of ¥22,374,246.27 in Q1 2023[25]. - The company reported a cash balance of 71,149,181.10 RMB, down from 115,842,257.71 RMB at the end of 2023[17]. - The net increase in cash and cash equivalents was -$44,693,076.61, with a beginning balance of $115,842,257.71, resulting in an ending balance of $71,149,181.10[26]. - The company experienced a significant decrease in cash and cash equivalents compared to the previous period[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,375,145,381.37, a decrease of 3.10% from the end of the previous year[6]. - The company's total assets as of March 31, 2024, amount to 1,375,145,381.37 RMB, down from 1,419,070,681.73 RMB at the end of 2023[18]. - Current assets total 979,081,132.71 RMB, a decrease from 1,015,889,813.51 RMB at the end of 2023[17]. - The total liabilities decreased to ¥149,158,978.94 in Q1 2024 from ¥193,904,616.60 in Q1 2023, a reduction of 23.2%[22]. - Accounts payable decreased to 33,796,116.35 RMB from 71,749,873.63 RMB at the end of 2023[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,275[11]. - The largest shareholder, CITIC Guoan Industrial Group Co., Ltd., holds 504,926,298 shares, accounting for 44.93% of total shares, with 462,902,700 shares pledged[12]. - Shareholder Sun Wei has increased his holdings to 11.00% of the company's total shares[13]. - As of the report date, CITIC Guoan Industrial Group has pledged a total of 462,902,700 shares, representing 91.68% of its holdings and 41.19% of the company's total shares[14]. Operational Insights - The company reported a significant increase in accounts receivable by 463.33% due to an increase in bank acceptance bills[8]. - The company’s construction in progress increased by 150.90% due to higher expenses for ongoing projects[8]. - The company’s operational activities remain normal despite the pledged shares, with no impact on daily operations reported[15]. - Research and development expenses for Q1 2024 were ¥132,991.55, indicating ongoing investment in innovation[22]. Tax and Regulatory Information - The company reported a tax expense of ¥0 for Q1 2024, consistent with the previous year[23]. - The company did not apply new accounting standards or interpretations for the year 2024[26].