唐人神(002567) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥4,880,079,621.11, a decrease of 25.19% compared to ¥6,523,067,834.99 in the same period last year[4] - The net loss attributable to shareholders was ¥197,512,579.11, an improvement of 41.94% from a loss of ¥340,178,286.41 in the previous year[4] - The net profit for Q1 2024 was -224,366,712.75 CNY, compared to -360,366,544.42 CNY in Q1 2023, showing an improvement of approximately 37.6%[27] - The company's operating profit for Q1 2024 was -210,308,531.30 CNY, compared to -353,735,800.83 CNY in Q1 2023, indicating a reduction in operating losses[27] - The total revenue from sales in Q1 2024 was 4,880,451,095.48 CNY, down from 6,422,007,319.03 CNY in Q1 2023, representing a decline of approximately 23.9%[28] - The cash flow from operating activities decreased by approximately 22.1% year-over-year, reflecting challenges in revenue generation[28] Cash Flow and Investments - The net cash flow from operating activities improved by 52.92%, amounting to -¥145,605,740.39 compared to -¥309,251,408.99 in the prior year[12] - The net cash flow from investment activities improved by 56.39%, amounting to -¥180,172,888.66 compared to -¥413,155,755.04 in the previous year[12] - Investment activities resulted in a net cash outflow of -180,172,888.66 CNY in Q1 2024, compared to -413,155,755.04 CNY in Q1 2023, indicating a significant reduction in cash outflow[30] - Financing activities generated a net cash inflow of 590,811,450.83 CNY in Q1 2024, slightly down from 597,910,218.81 CNY in Q1 2023[30] Assets and Liabilities - The total assets at the end of the reporting period increased by 3.73% to ¥17,643,275,952.09 from ¥17,009,423,697.72 at the end of the previous year[4] - Total liabilities increased to ¥11,882,633,482.21 from ¥11,028,638,223.09, marking a rise of 7.7%[24] - The company's long-term borrowings rose to ¥4,801,747,113.00, up from ¥4,721,317,113.00, reflecting a growth of 1.7%[24] Shareholder Information - The company plans to repurchase shares using self-owned funds ranging from RMB 10 million to 20 million, with 1,618,400 shares repurchased by March 31, 2024, accounting for 0.11% of the total share capital[18] - The company issued 45,454,545 ordinary shares to specific investors, with the shares listed on September 19, 2023, and the lock-up period lasting for 6 months[18] - The company’s major shareholders include Hunan Tangrenshen Holdings with 140,629,910 shares and Dashing Feed Co., Ltd. with 98,106,200 shares[17] - The company’s stockholders' voting rights agreement expired on December 31, 2023, and was not renewed, effective January 1, 2024[20] - The company’s top 10 shareholders hold a significant portion of shares, with the largest shareholder holding 140,629,910 shares[17] - The company has not reported any participation in margin financing by the top 10 shareholders[17] - The company’s share repurchase program is aimed at implementing equity incentives or employee stock ownership plans[18] - The company’s stock repurchase account held 13,494,948 shares as of March 31, 2024, indicating active management of its share capital[18] Operational Metrics - The total operating costs amounted to ¥5,094,879,358.05, down 26.0% from ¥6,878,598,385.83 year-over-year[25] - The company's cash and cash equivalents increased to ¥2,332,610,611.55 from ¥2,090,680,820.39, reflecting a growth of 11.6%[22] - Accounts receivable rose to ¥345,675,234.70, up 9.6% from ¥315,265,827.21 at the beginning of the period[22] - Inventory increased to ¥2,712,099,344.45, a rise of 6.5% from ¥2,547,481,870.26[22] - The net profit margin for the quarter was impacted by increased operating costs, with a significant rise in sales and management expenses[25] - The company is focusing on expanding its market presence and investing in new product development to drive future growth[25] Earnings Per Share - The basic earnings per share improved by 44.01% to -¥0.1379 from -¥0.2463 in the same period last year[4] - Basic earnings per share for Q1 2024 were -0.1379 CNY, compared to -0.2463 CNY in the same period last year, indicating a reduction in losses per share[28]