YILI(600887)2024-04-29 11:25Financial Performance - The company's operating revenue for Q1 2024 was CNY 32,462,896,350.54, a decrease of 2.60% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 5,922,814,507.71, an increase of 63.84% year-on-year[4]. - Basic and diluted earnings per share were both CNY 0.93, reflecting a 63.16% increase compared to the same period last year[4]. - The company experienced a significant increase in net profit due to reduced operating costs and lower material procurement expenses[6]. - The net profit for Q1 2024 reached CNY 5,954,854,662.18, a significant increase from CNY 3,616,609,739.53 in Q1 2023, representing a growth of approximately 64.5%[14]. - The total comprehensive income for Q1 2024 was CNY 5,562,204,585.32, compared to CNY 3,562,140,990.51 in the same period last year, indicating an increase of about 56.0%[14]. - The net profit for Q1 2024 was CNY 6,923,560,669.67, compared to CNY 4,261,701,651.04 in Q1 2023, reflecting a significant increase[13]. - The total profit for Q1 2024 was approximately ¥8.27 billion, up from ¥5.57 billion in Q1 2023, marking a growth of 48.5%[20]. Cash Flow and Investments - The net cash flow from operating activities reached CNY 2,267,600,204.82, up 76.99% from the previous year[4]. - Cash flow from operating activities generated a net inflow of CNY 2,267,600,204.82, compared to CNY 1,281,223,901.40 in the previous year, marking an increase of about 77.2%[16]. - Cash flow from investing activities resulted in a net outflow of CNY 1,591,412,367.13, a decrease from the previous year's outflow of CNY 8,567,131,780.91, indicating a reduction in investment expenditures[17]. - The company reported an investment income of CNY 2,579,178,716.91 in Q1 2024, a significant recovery from a loss of CNY 25,274,169.45 in Q1 2023[13]. - The company reported investment income of approximately ¥5.79 billion in Q1 2024, significantly higher than ¥3.16 billion in Q1 2023[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 161,044,725,347.83, representing a 6.22% increase from the end of the previous year[4]. - The company's total liabilities as of Q1 2024 amounted to CNY 98,149,061,525.29, an increase from CNY 94,299,895,215.57 in the previous year[12]. - The total liabilities amounted to CNY 77.58 billion, compared to CNY 74.05 billion at the end of 2023, representing an increase of approximately 4.2%[19]. - The company's total equity increased to CNY 62,895,663,822.54 in Q1 2024, up from CNY 57,320,357,442.41 in Q1 2023[12]. - The total equity of the company reached CNY 51.43 billion, up from CNY 43.46 billion at the end of 2023, reflecting an increase of about 18.3%[19]. Current Assets and Inventory - The company's cash and cash equivalents amounted to RMB 55.48 billion, up from RMB 43.37 billion at the end of 2023, indicating a significant increase of about 27.9%[11]. - The total current assets increased to RMB 79.70 billion from RMB 69.36 billion, reflecting a growth of approximately 15%[11]. - The company's current assets totaled CNY 55.08 billion, up from CNY 43.53 billion at the end of 2023, indicating a growth of about 26.5%[18]. - The inventory level increased to CNY 3.69 billion from CNY 3.27 billion, showing a growth of approximately 12.8%[18]. - Inventory levels decreased to RMB 12.02 billion from RMB 12.51 billion, showing a reduction of about 3.9%[11]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 470,500[7]. - Shareholders' equity attributable to the parent company was CNY 59,097,122,982.75, up 10.38% year-on-year[4]. Research and Development - Research and development expenses for Q1 2024 were CNY 145,359,576.36, slightly down from CNY 149,704,292.15 in Q1 2023[13]. - Research and development expenses for Q1 2024 were approximately ¥122.85 million, slightly down from ¥124.53 million in Q1 2023[20].