燕塘乳业(002732) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥379,049,415.17, a decrease of 11.55% compared to ¥428,553,089.26 in the same period last year[7] - Net profit attributable to shareholders was ¥16,158,906.60, down 42.91% from ¥28,305,797.23 year-on-year[7] - The net profit excluding non-recurring gains and losses was ¥13,404,237.69, reflecting a decline of 53.54% compared to ¥28,852,731.78 in the previous year[7] - Basic and diluted earnings per share decreased to ¥0.10, down 44.44% from ¥0.18 year-on-year[7] - In Q1 2024, the company's net profit was CNY 16,218,414.10, a decrease of 41.6% compared to CNY 27,775,242.53 in Q1 2023[28] - The total comprehensive income for the period was CNY 16,218,414.10, a decrease of 41.6% compared to CNY 27,775,242.53 in Q1 2023[29] - The company's operating profit decreased to CNY 21,189,141.77, a decline of 38.5% from CNY 34,504,106.61 in Q1 2023[28] Cash Flow and Assets - Cash flow from operating activities showed a significant drop to -¥19,440,772.45, compared to ¥53,247,492.13 in the same period last year, marking a decrease of 136.51%[7] - The company's cash and cash equivalents decreased to CNY 303,872,953.80 from CNY 357,446,139.32, reflecting a decline of 14.9%[23] - The cash flow from operating activities showed a net outflow of CNY 19,440,772.45, compared to a net inflow of CNY 53,247,492.13 in Q1 2023[32] - The company experienced a net cash outflow from investing activities of CNY 18,078,800.05, compared to a larger outflow of CNY 46,364,171.40 in the previous year[32] - Total assets at the end of Q1 2024 were ¥1,870,350,870.83, a decrease of 3.59% from ¥1,939,977,862.27 at the end of the previous year[7] - The company's cash and cash equivalents at the end of the period were CNY 303,872,953.80, down from CNY 258,734,458.30 in Q1 2023[32] Liabilities and Shareholder Information - Total liabilities decreased to CNY 436,711,517.79 from CNY 522,556,923.33, a reduction of 16.4%[25] - Total number of common shareholders at the end of the reporting period is 17,099[15] - Guangdong Yantang Investment Co., Ltd. holds 40.97% of shares, totaling 64,465,743 shares[15] - Guangdong Yueken Investment Co., Ltd. holds 11.69% of shares, totaling 18,401,011 shares[15] - The company’s major shareholders are considered to be acting in concert due to their relationship with Guangdong Agricultural Reclamation Group[16] Operational Highlights - The company reported a significant increase in other current assets by 5152%, primarily due to prepayment of corporate income tax for 2023[11] - The company received government subsidies amounting to ¥6,343,474.97, which positively impacted other income[9] - The company experienced a 2404% increase in construction in progress, attributed to the renovation of a newly purchased office building[11] - The company reported a 58% increase in contract liabilities, indicating a rise in advance payments received during the reporting period[11] - The company has completed the leasing of its old factory property to Yantang Investment as per the management agreement[17] - The company has engaged in daily transactions with related parties, including procurement of raw materials and leasing of warehouses[18] Future Plans and Projects - The company plans to purchase office properties from Guangzhou Guangken Real Estate Co., Ltd. for no more than 94.64 million RMB[19] - The company plans to build an urban dairy industry cluster project, which was approved in the recent board meeting[21] - The subsidiary Guangdong Yantang Feed Biotechnology Co., Ltd. is undergoing liquidation, which is currently in progress[21] - The company has initiated a strategy to expand its market presence through new product development and technological advancements[21] Research and Development - Research and development expenses increased to CNY 4,564,734.79, up 17.7% from CNY 3,875,077.44 in the previous year[28]