AGSW(SH:600199)2024-04-29 12:47Financial Performance - The company's operating revenue for Q1 2024 was CNY 419,417,781.39, representing a decrease of 3.02% compared to the same period last year[5] - Total operating revenue for Q1 2024 was ¥419,417,781.39, a decrease of 3.9% compared to ¥432,469,904.21 in Q1 2023[24] - The net profit attributable to shareholders was CNY 17,644,862.01, with basic earnings per share at CNY 0.0268[5] - Net profit for Q1 2024 was ¥18,379,273.94, a significant recovery from a net loss of ¥40,471,051.98 in Q1 2023[25] - Earnings per share for Q1 2024 was ¥0.0268, compared to a loss per share of ¥0.0626 in Q1 2023[26] - The company recognized non-operating income of CNY 2,803,987.93, primarily from breach of contract income[9] - The company reported a significant increase in other income to ¥1,911,131.24 in Q1 2024 from ¥1,579,616.22 in Q1 2023, indicating improved operational efficiency[25] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -104,564,009.87[5] - Cash flow from operating activities showed a net outflow of ¥104,564,009.87 in Q1 2024, worsening from a net outflow of ¥1,343,025.35 in Q1 2023[29] - The net increase in cash and cash equivalents was -101,695,214.77, down from -31,930,880.34 in the previous period[30] - The ending balance of cash and cash equivalents was 367,415,654.95, compared to 474,474,208.05 at the end of the previous period[30] - The initial cash and cash equivalents balance was 469,110,869.72, reflecting a decrease in liquidity[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,413,627,856.99, a decrease of 1.80% from the end of the previous year[6] - As of March 31, 2024, the total assets of Anhui Jinzhongzi Wine Industry Co., Ltd. amounted to RMB 3,413,627,856.99, a decrease from RMB 3,476,257,231.71 as of December 31, 2023[19] - The company's current assets totaled RMB 2,123,200,740.46, down from RMB 2,188,609,819.85 in the previous quarter, indicating a decline of approximately 2.99%[19] - The total liabilities decreased to ¥864,903,880.50 in Q1 2024 from ¥945,036,906.27 in Q1 2023, a reduction of 8.5%[21] - The total current liabilities decreased to RMB 704,854,584.97 from RMB 783,694,824.50, a reduction of about 10.05%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 103,451[13] - The largest shareholder, Anhui Jinzhongzi Group Co., Ltd., holds 27.10% of the shares[13] - The company has no significant changes in the shareholder structure or related party transactions during the reporting period[16] Research and Development - Research and development expenses increased by 181.61% during the reporting period[10] - Research and development expenses increased to ¥6,553,414.95 in Q1 2024, up from ¥2,327,116.58 in Q1 2023, indicating a focus on innovation[25] Other Financial Metrics - The weighted average return on equity increased by 2.33 percentage points to 0.70%[6] - The company reported a decrease in accounts payable from RMB 313,025,672.56 to RMB 299,293,092.50, a decline of about 4.4%[20] - The total cash inflow from financing activities amounted to 32,490,000.00, while cash outflow was 30,027,083.33, resulting in a net cash flow of 2,462,916.67[30] - The company distributed 27,083.33 in cash for dividends, profits, or interest payments[30]