恒顺醋业(600305) - 2024 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2024 was RMB 460,382,267.91, a decrease of 24.89% compared to the same period last year[17] - Net profit attributable to shareholders was RMB 55,216,144.98, down 24.23% year-over-year[17] - Net profit excluding non-recurring gains and losses was RMB 45,413,324.80, reflecting a decline of 35.71%[17] - Basic earnings per share decreased by 31.74% to RMB 0.0501[17] - The revenue from sales of goods and services received cash of ¥433,286,185.73, compared to ¥591,648,386.83 in the same quarter last year, indicating a decline of about 26.8%[45] - The net profit for Q1 2024 was CNY 35,895,514.28, down 41.5% from CNY 61,352,320.80 in Q1 2023[65] - The operating profit for Q1 2024 was CNY 44,214,135.23, down from CNY 72,791,206.56 in Q1 2023[65] Cash Flow - Net cash flow from operating activities was negative RMB 37,762,442.00, a decrease of 168.54% compared to the previous year[17] - Cash inflow from operating activities for Q1 2024 was ¥461,970,964.04, down from ¥631,406,547.65 in Q1 2023, representing a decrease of approximately 26.8%[45] - The company reported a net increase in cash and cash equivalents of CNY -10,251,543.30 for the period[48] - In Q1 2024, the net cash flow from operating activities was -62,972,893.67, a decrease from 33,724,625.27 in Q1 2023[68] - Cash outflow from operating activities amounted to 498,355,738.73, a decrease from 567,507,883.97 in the previous year[68] Assets and Liabilities - Total assets at the end of Q1 2024 were RMB 3,918,197,412.12, down 3.33% from the end of the previous year[20] - The total liabilities decreased to ¥539,329,774.98 from ¥715,820,746.48, reflecting a reduction of approximately 24.6%[38] - The total assets as of March 31, 2024, amounted to CNY 3,625,164,819.18, a decrease from CNY 3,762,170,788.76 at the end of 2023[62] - The total liabilities decreased to CNY 454,030,690.34 from CNY 614,778,869.12 in the previous year[62] Shareholder Information - The total number of common shareholders at the end of the reporting period is 103,589, with Jiangsu Hengshun Group Co., Ltd. holding 447,613,893 shares, representing 40.22% of the total[25] - The top ten shareholders collectively hold a significant portion of the company's shares, with the second-largest shareholder, Zhenjiang Baiwei Investment Partnership, holding 29,355,149 shares, or 2.64%[25] - The company reported a total of 85,760,000 pledged shares held by Jiangsu Hengshun Group Co., Ltd.[25] Regulatory and Compliance - The company has received administrative regulatory measures from the Jiangsu Securities Regulatory Bureau due to issues related to timely disclosure of related transactions and inaccurate information disclosure in 2023[31] - The company has received a warning letter from the Jiangsu Securities Regulatory Bureau regarding its failure to disclose related transactions in a timely manner[31] Financial Management - The company’s financial management includes various financial products with different maturity dates and returns, such as a 3,000,000 RMB product with a return of 1.9% to 4.94%[29] - The company’s financial management strategy includes investments in various financial products, with a total of 20,000,000 RMB in bank wealth management products yielding 1.40% to 3.24%[29] Inventory and Current Assets - Inventory decreased to ¥244,944,694.13 from ¥278,378,817.97, a reduction of approximately 12.0%[36] - Other current assets increased significantly to ¥209,268,911.34 from ¥66,343,654.22, marking an increase of about 215.5%[36] - Cash and cash equivalents were reported at ¥571,698,524.91, down from ¥584,254,121.34, indicating a decline of about 2.4%[36] Research and Development - The company incurred research and development expenses of CNY 22,046,607.63 in Q1 2024, slightly up from CNY 21,459,875.76 in Q1 2023[49] - Research and development expenses for Q1 2024 were CNY 18,429,233.09, slightly up from CNY 17,921,546.74 in Q1 2023[64] Cash from Investments - Net cash flow from investing activities was CNY 27,510,898.70, significantly up from CNY 1,395,622.11 in Q1 2023[49] - The company received 481,200,994.67 in cash from investment recoveries, a substantial increase from 226,405,000.00 in Q1 2023[68] - The cash outflow for acquiring fixed assets and other long-term assets was 42,129,949.78, compared to 17,947,322.86 in the same quarter last year[68]