Shede Wine Co., Ltd. today released its first quarter report for 2024.
The first quarter report showed that the company\’s receivables were 2.105 billion yuan, a year-on-year increase of 4.13%, and the net profit attributable to the parent company was 550 million yuan, a year-on-year decrease of 3.35%.
It is worth noting that during the reporting period, the net cash flow generated by Shede Liquor\’s operating activities decreased by 52.24% year-on-year. The company explained that this was due to the increase in bank acceptance bills received from selling goods and providing services.
In terms of revenue sources, in the first quarter, revenue contributed by the province was 542 million yuan, a year-on-year increase of 12.22%, and revenue contributed by outside the province was 1.421 billion yuan, a year-on-year decrease of 0.12%.
During the reporting period, the company\’s alcoholic products had 167 new distributors and 27 distributors exited. At the end of the reporting period, there were 2,795 distributors, an increase of 140 from the end of 2023.
