CBC(SH:600132)2024-04-29 09:56Financial Performance - The company achieved operating revenue of RMB 4,292,542,727.03, representing a year-on-year increase of 7.16%[4] - Net profit attributable to shareholders reached RMB 451,938,986.11, up 16.78% compared to the same period last year[4] - The net cash flow from operating activities was RMB 1,080,755,377.22, reflecting a significant increase of 26.76%[4] - High-end product revenue was RMB 2,571,724,307.81, an increase of 8.28% year-on-year, accounting for 61.56% of total revenue[9] - The company reported a weighted average return on equity of 19.10%, an increase of 1.90 percentage points[4] - The net profit excluding non-recurring gains and losses was RMB 445,935,567.05, up 16.91% from the previous year[4] - Total operating revenue for Q1 2024 reached ¥4,292,542,727.03, an increase of 7.16% compared to ¥4,005,811,752.65 in Q1 2023[23] - Net profit for Q1 2024 was ¥898,958,562.46, representing a 15.99% increase from ¥774,760,005.90 in Q1 2023[24] - The company reported a total profit of ¥1,106,419,788.55 for Q1 2024, up from ¥949,466,953.96 in Q1 2023, reflecting a growth of 16.54%[24] - The total comprehensive income for Q1 2024 was ¥894,148,709.19, compared to ¥775,871,474.25 in Q1 2023, an increase of 15.25%[24] Assets and Liabilities - The total assets at the end of the reporting period were RMB 13,032,283,189.31, a 5.21% increase from the end of the previous year[5] - The equity attributable to shareholders rose to RMB 2,592,041,432.60, marking a 21.11% increase year-on-year[5] - The company's total liabilities decreased to ¥8,483,605,290.19 in Q1 2024 from ¥8,734,763,046.02 in Q1 2023, a reduction of 2.87%[22] - The company's total liabilities of the company were reported at ¥8.93 billion, compared to ¥8.48 billion at the end of the previous year, marking an increase of approximately 5.3%[21] - The company's accounts payable increased to ¥2.80 billion from ¥2.61 billion, reflecting a rise of about 7.3%[21] Cash Flow - The company's cash and cash equivalents amounted to ¥2.95 billion, up from ¥2.71 billion in the previous period, indicating a growth of approximately 8.6%[20] - The company's inventory decreased to ¥1.79 billion from ¥2.10 billion, representing a reduction of about 14.8%[20] - The company experienced cash outflows from investing activities totaling CNY 851.07 million in Q1 2024, compared to CNY 176.00 million in Q1 2023, indicating a significant increase in investment activities[28] - The net cash flow from investing activities was negative CNY 848.99 million in Q1 2024, worsening from negative CNY 175.94 million in Q1 2023[28] - Cash and cash equivalents at the end of Q1 2024 stood at CNY 2.92 billion, down from CNY 4.07 billion at the end of Q1 2023, representing a decrease of 28.19%[28] - The total cash outflows from operating activities in Q1 2024 were CNY 3.05 billion, an increase from CNY 2.97 billion in Q1 2023, reflecting a rise of 2.93%[27] Distributors and Sales - The company added 199 new distributors but reduced the total number by 100, ending with 2,969 distributors[13] - Beer sales volume increased to 866,800 hectoliters, a growth of 5.25% from 823,600 hectoliters in the previous year[8] Research and Development - Research and development expenses rose significantly to ¥4,702,443.79 in Q1 2024, compared to ¥1,410,077.93 in Q1 2023, an increase of 233.33%[23] Shareholder Equity - Shareholders' equity increased to ¥4,548,677,899.12 in Q1 2024, up from ¥3,652,148,547.93 in Q1 2023, marking a growth of 24.58%[22] - The capital reserve increased to ¥18,403,177.00 in Q1 2024 from ¥16,022,535.00 in Q1 2023, a rise of 14.85%[22]