YKA(SZ:300999)2024-04-29 10:41Financial Performance - The company's revenue for Q1 2024 was CNY 57,273,605, a decrease of 6.17% compared to CNY 61,041,035 in the same period last year[5] - Net profit attributable to shareholders was CNY 882,288, representing a year-on-year increase of 3.30% from CNY 854,099[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 243,604, up 1.34% from CNY 240,393 in the previous year[5] - The total operating revenue for Q1 2024 was CNY 57,273,605 thousand, a decrease of 6.1% compared to CNY 61,041,035 thousand in the same period last year[26] - Net profit for Q1 2024 reached 809,199 thousand yuan, compared to 764,404 thousand yuan in Q1 2023, indicating an increase of about 5.9%[28] - Operating profit for the quarter was 995,814 thousand yuan, slightly up from 957,857 thousand yuan year-over-year, reflecting a growth of approximately 4.0%[28] - The company reported a total comprehensive income of 792,219 thousand yuan for Q1 2024, compared to 967,927 thousand yuan in Q1 2023, a decrease of about 18.1%[28] - Earnings per share remained stable at 0.16 yuan for both Q1 2024 and Q1 2023[28] Cash Flow and Assets - The net cash flow from operating activities decreased by 37.52% to CNY 4,914,617, primarily due to a decline in sales revenue and changes in procurement payment schedules[9] - The company's cash and cash equivalents increased to CNY 66,757,490 thousand from CNY 59,296,322 thousand, reflecting a growth of 7.8%[23] - Cash flow from operating activities generated a net amount of 4,914,617 thousand yuan, down from 7,865,606 thousand yuan in the same period last year, a decline of approximately 37.5%[29] - The cash flow from investing activities showed a net inflow of 2,883,682 thousand yuan, contrasting with a net outflow of 7,120,148 thousand yuan in the same period last year[29] - The net cash flow from financing activities was -4,888,241, compared to 7,708,224 in the previous year, indicating a significant decline[31] - The total cash and cash equivalents at the end of the period amounted to 28,382,439, up from 23,336,079 year-over-year[31] - The cash and cash equivalents increased by 2,930,460 during the quarter, a decrease from 8,479,415 in the same period last year[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 226,124,513, down 5.19% from CNY 238,499,990 at the end of the previous year[5] - Accounts receivable decreased to CNY 8,240,117 thousand from CNY 11,643,467 thousand, a decline of 29.5%[23] - Inventory decreased to CNY 37,934,599 thousand from CNY 47,588,792 thousand, a reduction of 20.3%[24] - Total liabilities decreased to CNY 129,379,568 thousand from CNY 142,535,143 thousand, a reduction of 9.2%[25] - The company's non-current assets totaled CNY 84,820,817 thousand, down from CNY 89,050,250 thousand, a decrease of 4.9%[24] - The company reported a significant reduction in short-term borrowings, which decreased to CNY 88,669,695 thousand from CNY 95,401,139 thousand, a decline of 7.6%[24] Shareholder Information - The total equity attributable to shareholders increased by 0.95% to CNY 92,364,395 compared to CNY 91,495,717 at the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period is 143,913[11] - The largest shareholder, Fengyi Marketing (Hong Kong) Co., Ltd., holds 89.99% of shares, totaling 4,878,944,439 shares[11] - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 0.69% of shares, totaling 37,375,179 shares[11] - The top 10 shareholders account for a total of 90.99% of the company's shares[11] - The company reported a total of 11,114,067 shares held by China Industrial Bank Co., Ltd. - E Fund ChiNext ETF, representing 0.20% of total shares[13] - The company has disclosed that there are no changes in the top 10 shareholders due to securities lending or returning[13] - The company has no shareholders with financing and securities lending situations among the top 10 shareholders[12] Operational Segments - The company's kitchen food segment saw overall profit growth, driven by increased sales in retail and food service channels, despite losses in the flour business due to weak market demand[10] - The oil technology products segment experienced profit growth due to the recovery in palm oil prices, while the feed raw materials segment faced price declines due to market competition and weak demand[10] Other Information - Non-recurring gains primarily stemmed from derivative financial instruments and structured deposits, with realized futures gains included in gross profit from main operations[9] - The company's weighted average return on equity remained stable at 0.96%[5] - The company has received a criminal prosecution notice for a subsidiary, details of which were disclosed on January 12, 2024[15] - The company announced a delay in some fundraising projects, with details disclosed on February 21, 2024[16] - The company has reappointed its accounting firm for the year 2024, as disclosed on March 23, 2024[19] - The company plans to implement a restricted stock incentive plan for 2024, details of which are outlined in the draft released on March 26, 2024[22] - Research and development expenses were 55,838 thousand yuan, down from 57,483 thousand yuan in the previous year, showing a decrease of about 2.9%[28] - The total cost of sales for the quarter was 57,052,367 thousand yuan, compared to 60,679,267 thousand yuan in the previous year, a reduction of approximately 6.5%[28] - The company recorded investment income of 578,097 thousand yuan, significantly higher than 154,628 thousand yuan in the previous year, marking an increase of about 273.5%[28]