西王食品(000639) - 2024 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2024 was CNY 1,298,340,202.88, a decrease of 8.60% compared to CNY 1,420,517,909.35 in the same period last year[5] - Net profit attributable to shareholders was CNY 50,857,341.46, representing a significant increase of 220.40% from a loss of CNY 42,239,925.91 in the previous year[5] - Basic and diluted earnings per share improved to CNY 0.0471, up 217.75% from a loss of CNY 0.0400 per share in the same quarter last year[5] - Net profit for Q1 2024 was CNY 50,249,137.44, compared to a net loss of CNY 48,559,269.09 in Q1 2023, marking a significant turnaround[24] - Earnings per share (EPS) for Q1 2024 was CNY 0.0471, compared to a loss per share of CNY 0.0400 in the previous year[26] Cash Flow and Financial Activities - The net cash flow from operating activities was negative CNY 101,711,376.16, a decline of 580.01% compared to CNY 21,189,418.56 in Q1 2023[5] - The company experienced a 308% increase in net cash outflow from financing activities, totaling negative CNY 70,257,009.54 due to repayment of syndicated loans[8] - The net cash flow from investment activities was 156,333.46, a significant improvement from -152,206,541.53 in the previous period[28] - The net cash flow from financing activities was -70,257,009.54, compared to -17,232,936.27 in the previous period[28] - Cash outflow for debt repayment was 38,639,512.50, and cash outflow for dividend distribution was 31,617,497.04[28] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 7,034,047,225.50, a decrease of 1.71% from CNY 7,156,469,051.07 at the end of the previous year[5] - Current assets decreased from CNY 3,124,943,673.36 to CNY 2,996,078,393.16, a decline of about 4.12%[19] - Total liabilities decreased to CNY 3,067,022,406.00 from CNY 3,243,487,955.75, reflecting improved financial health[21] - Total liabilities decreased from CNY 2,692,462,824.63 to CNY 2,511,580,788.38, reflecting a reduction in financial obligations[20] - Shareholders' equity attributable to shareholders increased by 1.61% to CNY 3,391,791,113.03 from CNY 3,337,898,102.17 at the end of the previous year[5] Income and Expenses - Total operating revenue for Q1 2024 was CNY 1,298,340,202.88, a decrease of 8.6% compared to CNY 1,420,517,909.35 in the same period last year[23] - Total operating costs decreased to CNY 1,239,411,977.45, down 16.4% from CNY 1,481,716,119.19 year-on-year[23] - The company reported a significant reduction in sales expenses to CNY 171,935,478.79 from CNY 191,595,273.14, reflecting cost management efforts[24] - Research and development expenses increased to CNY 16,773,097.54, up from CNY 15,563,577.44 in the previous year, indicating a focus on innovation[24] Other Financial Metrics - The company reported a 404% increase in taxes and surcharges to CNY 3,297,196.60 due to higher gross margins and sales volume[8] - Other income surged by 870% to CNY 2,374,802.93, attributed to input tax deductions[8] - Other comprehensive income after tax was CNY 3,794,586.74, compared to a loss of CNY 28,227,106.40 in the previous year, indicating improved overall performance[25] Shareholder Information - The company reported a total of 1,997,461 shares held through a credit account by a major shareholder, indicating active participation in margin trading[12] Accounting and Reporting - The company has adopted new accounting standards starting in 2024, which may affect future financial reporting[29] - The first quarter report was not audited, indicating that the figures may be subject to change upon final audit[29]