新乳业今年一季度净利润同比增长48.46%

Core Insights - New Dairy achieved a revenue of 10.665 billion yuan and a net profit of 538 million yuan in 2023, marking a 24.8% increase in net profit [1] - In Q1 2025, the company reported a revenue of 2.625 billion yuan and a net profit of 133 million yuan, reflecting a year-on-year increase of 48.46% [1] - The company is in the second year of its five-year strategic plan, focusing on boosting dairy consumption amid a slowing industry growth and intensified competition [1][3] Financial Performance - The net profit margin for Q1 2025 was 5.25%, an increase of 1.69 percentage points year-on-year [3] - Operating cash flow improved significantly, reaching 160 million yuan [3] - The asset-liability ratio decreased by 2.38 percentage points compared to the beginning of 2025, indicating improved financial health [3] Strategic Initiatives - New Dairy continues to implement its "Fresh Cube Strategy," focusing on core product categories, with low-temperature fresh milk and yogurt showing mid-single-digit growth [3] - High-end fresh milk and low-temperature modified milk achieved double-digit growth, with the "24-hour" fresh milk high-end series seeing over 15% revenue growth [3] - The company is actively involved in the "Quality Milk Project," enhancing quality from farm to table and participating in the establishment of 31 standards [3] Innovation and Development - In 2024, New Dairy filed 37 patent applications, including 14 invention patents, and received 19 patent grants, with 8 being invention patents [3] - The company has built a resource library of over 2,000 unique strains of lactic acid bacteria, leveraging key technologies for product innovation [3] Distribution and Retail Expansion - The "Fresh Go" system allows for nationwide delivery coverage across 141 cities and regions, with a standardized delivery process [4] - New Dairy has surpassed 500 image stores in 2024, enhancing its retail presence [4] - The company aims to achieve revenue growth and improved net profit margins in 2025, focusing on long-term value creation [4]