CBC(600132)2025-04-29 11:40Financial Performance - The company achieved operating revenue of CNY 4,355,306,415.67, a year-on-year increase of 1.46% compared to CNY 4,292,542,727.03[5] - Net profit attributable to shareholders reached CNY 472,682,480.54, reflecting a growth of 4.59% from CNY 451,938,986.11 in the same period last year[5] - The net cash flow from operating activities was CNY 1,350,003,945.36, marking a significant increase of 24.91% compared to CNY 1,080,755,377.22[5] - Total operating revenue for Q1 2025 was approximately ¥4.36 billion, a slight increase of 1.5% compared to ¥4.29 billion in Q1 2024[24] - Net profit for Q1 2025 reached approximately ¥941.27 million, representing a 4.7% increase from ¥898.96 million in Q1 2024[25] - The total profit for Q1 2025 was approximately ¥1.15 billion, an increase from ¥1.11 billion in Q1 2024[25] Sales and Distribution - The company sold 883,500 hectoliters of beer, which is a 1.93% increase from 868,000 hectoliters in the previous year[8] - The high-end product segment generated CNY 2,602,880,086.08 in revenue, a 1.21% increase from the previous year[13] - Revenue from the wholesale channel was CNY 4,238,381,757.22, up 1.63% from CNY 4,170,312,573.17 in the same period last year[11] - The company added 233 new distributors, resulting in a total of 3,080 distributors by the end of the reporting period, an increase of 14 from the previous year[12] - The company expects continued growth in both sales volume and revenue in the upcoming quarters, driven by market expansion strategies[8] Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,676,098,282.41, up 6.45% from CNY 10,968,339,719.39 at the end of the previous year[6] - The total liabilities decreased to RMB 8,284,880,916.01 from RMB 8,514,681,613.95, reflecting a reduction of approximately 2.7%[21] - The company's inventory decreased to RMB 1,786,175,481.49 from RMB 2,185,835,620.72, a decline of approximately 18.3%[19] - The total equity of the company increased to RMB 3,391,217,366.40 from RMB 2,453,658,105.44, representing a growth of about 38.2%[21] Cash Flow and Investments - Cash flow from operating activities for Q1 2025 was approximately ¥1.35 billion, an increase from ¥1.08 billion in Q1 2024[28] - Cash and cash equivalents increased significantly to RMB 1,770,484,162.20 from RMB 1,081,659,074.07, marking a growth of about 63.8%[19] - Cash and cash equivalents at the end of Q1 2025 totaled approximately ¥1.77 billion, down from ¥2.92 billion at the end of Q1 2024[29] - Investment activities resulted in a net cash outflow of approximately ¥647.92 million in Q1 2025, compared to a net outflow of ¥848.99 million in Q1 2024[29] Shareholder Information - The equity attributable to shareholders increased by 39.83% to CNY 1,657,329,108.14 from CNY 1,185,220,264.01[6] - The company reported no significant changes in the top ten shareholders or their shareholding structure during the reporting period[16] Research and Development - The company reported a decrease in research and development expenses to approximately ¥1.77 million in Q1 2025 from ¥4.70 million in Q1 2024[24] Other Financial Metrics - Basic and diluted earnings per share for Q1 2025 were both ¥0.98, compared to ¥0.93 in Q1 2024[25] - Other comprehensive income after tax for Q1 2025 was approximately -¥6.17 million, compared to -¥4.81 million in Q1 2024[25]