洽洽食品(002557) - 2024 Q1 - 季度财报

Financial Performance - The company reported a net profit of RMB 240,661,829.01 for Q1 2024, an increase of 35.25% compared to RMB 177,966,900.55 in Q1 2023[10] - Operating profit for Q1 2024 was RMB 277,767,263.21, up 50.38% from RMB 184,740,519.97 in the same period last year[10] - Total revenue for Q1 2024 reached RMB 297,199,098.75, reflecting a significant growth compared to RMB 220,940,094.99 in Q1 2023[10] - The company’s basic earnings per share for Q1 2024 was RMB 0.4744, compared to RMB 0.3578 in Q1 2023, representing a growth of 32.60%[10] - The company’s total comprehensive income for Q1 2024 was RMB 219,088,282.55, slightly up from RMB 211,882,717.75 in Q1 2023[10] - The net profit attributable to shareholders was ¥240,476,526.90, reflecting a growth of 35.15% year-over-year[23] - The net profit after deducting non-recurring gains and losses was ¥221,375,691.85, marking a 55.80% increase year-over-year[23] Expenses and Costs - The company incurred sales expenses of RMB 224,907,659.16 in Q1 2024, which is an increase of 58.00% from RMB 142,445,601.69 in Q1 2023[10] - Research and development expenses decreased to RMB 17,376,053.76 in Q1 2024 from RMB 18,805,715.58 in Q1 2023, a decline of 7.57%[10] - The company’s financial expenses showed a net income of RMB -35,295,374.58 in Q1 2024, compared to RMB -21,757,283.49 in Q1 2023, indicating an increase in financial costs[10] - Total operating costs for the current period were CNY 1,558,264,845.58, compared to CNY 1,175,285,787.72 in the previous period[33] - Sales expenses for the current period increased by 57.89% compared to the previous period, due to growth in sales scale and increased marketing investment[49] - Financial expenses for the current period decreased by 62.22% compared to the previous period, mainly due to an increase in interest income from large certificates of deposit[49] Cash Flow and Assets - The net cash flow from operating activities significantly improved to ¥543,086,508.90, a remarkable increase of 371.00% compared to the previous year[23] - Cash and cash equivalents at the end of the period were CNY 5,289,217,335.58, up from CNY 4,478,314,611.84 at the beginning of the period[26] - Cash and cash equivalents at the end of the period amounted to 5,159,819,236.92, an increase from 3,673,268,645.87 at the beginning of the period[53] - The company's total assets at the end of the reporting period were ¥9,391,651,106.09, showing a slight decrease of 0.08% from the previous year[23] - Total assets amounted to CNY 9,391,651,106.09, slightly down from CNY 9,398,773,153.02 at the beginning of the period[31] Shareholder Activities - The company repurchased 3,765,000 shares, accounting for 0.74% of the total share capital, with a total transaction amount of RMB 131,029,016.62[3] - The company plans to extend the employee stock ownership plan by 12 months, now set to expire on April 7, 2025[4] - The company repurchased treasury shares, resulting in an increase in treasury stock by 31.13% compared to the beginning of the period[49] Inventory and Receivables - Accounts receivable decreased by 51.25% compared to the beginning of the period, primarily due to a reduction in endorsed but not yet due notes[25] - Inventory decreased by 33.66% compared to the beginning of the period, mainly due to a reduction in raw material stock[25] - Accounts receivable at the end of the period decreased by 40.80% compared to the beginning of the period, mainly due to an increase in cash received from sales[40] - Other current assets at the end of the period decreased by 35.06% compared to the beginning of the period, primarily due to a reduction in raw materials[40] Investments and Financing - Investment activities generated a net cash flow of ¥1,530,166.54, down 68,703.21 million compared to the previous period[15] - Financing activities saw a net cash flow increase of ¥11,357.42 million, primarily due to an increase in cash received from borrowings[15] - Short-term borrowings increased by 57.84% compared to the beginning of the period, mainly due to an increase in credit borrowings[25] - Non-current liabilities totaled CNY 1,549,086,307.16, compared to CNY 1,534,905,567.81 at the beginning of the period[31] Other Financial Metrics - The weighted average return on equity increased to 4.28%, up from 3.34% in the previous year[23] - The company reported a decrease of 39.82% in fair value changes due to a reduction in redeemable financial products[15] - Other income for the current period increased by 45.07% compared to the previous period, mainly due to an increase in deferred income amortization[51] - Right-of-use assets at the end of the period increased by 69.50% compared to the beginning of the period, mainly due to the addition of new leased assets[40] - Construction in progress increased by 111.36% compared to the beginning of the period, primarily due to increased investment in the expansion project[25]