JINHUI(603919) 搜狐财经·2025-04-17 05:10Core Viewpoint - The first quarter report of Jinhui Liquor for 2025 shows modest growth in revenue and net profit, indicating a slowdown in performance compared to previous years [1][2]. Financial Performance - In Q1 2025, Jinhui Liquor achieved revenue of 1.11 billion yuan, a year-on-year increase of 3.04% [2]. - The net profit attributable to shareholders was 233.79 million yuan, reflecting a year-on-year growth of 5.77% [2]. - The net profit after deducting non-recurring gains and losses was 231.50 million yuan, up 4.30% from the previous year [2]. - The net cash flow from operating activities was 269.12 million yuan, down 21.56% compared to the same period last year [2]. - Basic and diluted earnings per share were both 0.47 yuan, an increase of 6.82% [2]. - The weighted average return on equity rose to 6.79%, an increase of 0.36 percentage points [2]. - Total assets at the end of the reporting period were approximately 4.72 billion yuan, up 2.44% from the end of the previous year [2]. - Shareholders' equity attributable to the parent company was approximately 3.56 billion yuan, an increase of 7.03% [2]. - Revenue growth rates from Q1 2021 to Q1 2025 were 48.43%, 38.79%, 26.61%, 20.41%, and 3.04%, respectively, indicating a significant slowdown [2]. Investment and Strategic Development - Jinhui Liquor plans to invest in the fourth phase of the Ecological Smart Industrial Park renovation project, with a contract amount of 669 million yuan awarded to the related party, Gansu Maoda Construction Engineering Co., Ltd. [5][6]. - The transaction amount with Maoda Construction in the past 12 months exceeds 5% of the company's latest audited net assets, requiring shareholder approval [5]. - The project aims to enhance the company's production capacity and product quality, aligning with its long-term development strategy [6]. - This is not the first major project awarded to Maoda Construction, as previous contracts include a 19.49 million yuan project for the production and comprehensive supporting center and a 318 million yuan project for the intelligent storage center [6]. - Jinhui Liquor's main business includes the production and sales of liquor, water, beverages, and related products, with key products being Jinhui 28, Jinhui 18, Century Jinhui, and others [6].