太湖雪(838262) - 2024 Q1 - 季度财报

Important Notice Core Statements Company directors, supervisors, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and bear corresponding legal liabilities, with the report being unaudited and all board members attending without objection - Company directors, supervisors, and senior management guarantee the report's content is true, accurate, and complete, assuming individual and joint liability[4] - The company's head, chief accountant, and head of the accounting department guarantee the financial report's truthfulness, accuracy, and completeness[4] - This quarterly report has not been audited by an accounting firm[5][6] - All company directors, supervisors, and senior management have no objections to the quarterly report content[6] Company Overview Key Financial Data and Operating Analysis In Q1 2024, the company achieved operating revenue of 108.61 million yuan, a 24.54% year-over-year increase, and net profit attributable to shareholders of 7.39 million yuan, up 14.17% year-over-year, driven by robust growth across online and offline channels, particularly a 159.61% surge in Douyin channel revenue, despite a 173.97% decrease in net cash flow from operating activities to -11.68 million yuan due to increased payments for goods 2024 Q1 Key Financial Indicators | Indicator | 2024 Jan-Mar (Yuan) | 2023 Jan-Mar (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 108,609,332.34 | 87,208,991.96 | 24.54% | | Net Profit Attributable to Listed Company Shareholders | 7,388,277.10 | 6,471,211.63 | 14.17% | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-recurring Items) | 5,354,721.18 | 4,325,839.75 | 23.78% | | Net Cash Flow from Operating Activities | -11,676,925.31 | 15,785,985.78 | -173.97% | | Basic Earnings Per Share (Yuan/Share) | 0.1429 | 0.183 | -21.91% | Significant Changes in Financial Data and Reasons | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Trading Financial Assets | 496.76% | Purchased 15 million yuan in structured wealth management products during the reporting period | | Accounts Receivable | -57.90% | Decrease in accounts receivable from major clients Dongfang Youxuan and JD | | Operating Cost | 32.08% | Increased proportionally with operating revenue growth | | Cash Paid for Goods and Services | 147.96% | Increased payments for unsettled goods from the beginning of the period | | Cash Paid for Investments | 59.46% | Purchased 15 million yuan in structured deposit products during the reporting period | Main Business Revenue by Channel (2024 Q1) | Channel | Revenue (Yuan) | Proportion | YoY Growth | | :--- | :--- | :--- | :--- | | Online Channels | 49,633,754.77 | 45.87% | 21.37% | | Offline Channels | 58,571,624.03 | 54.13% | 26.96% | | Total | 108,205,378.80 | 100.00% | 24.33% | Online Sales Platform Revenue Composition (2024 Q1) | Online Channel | Revenue (Yuan) | Proportion | YoY Growth | | :--- | :--- | :--- | :--- | | Tmall | 18,029,745.86 | 39.16% | 8.56% | | JD | 4,718,478.61 | 10.25% | 6.56% | | Douyin | 9,278,812.37 | 20.15% | 159.61% | | Amazon | 9,732,341.28 | 21.14% | 42.07% | | Overseas Official Website | 4,280,607.07 | 9.30% | 14.94% | - The company's "influencer live streaming" + "brand self-broadcasting" dual-driven strategy led to a 159.61% year-over-year increase in Douyin channel revenue[20] - The company intensified cross-industry collaborations, such as with Suzhou Museum, to promote silk culture through customized products[23] Share Capital and Shareholder Information As of the end of the reporting period, the company's total share capital was 53,164,758 shares, with 3,693 shareholders, where the controlling shareholder and actual controllers collectively held 70.85% of the shares, all of which are restricted shares, and the top two shareholders are parties acting in concert with no share pledge or freeze situations Common Stock Capital Structure (As of March 31, 2024) | Share Type | Quantity (Shares) | Proportion | | :--- | :--- | :--- | | Unrestricted Shares | 15,496,928 | 29.15% | | Restricted Shares | 37,667,830 | 70.85% | | Total Share Capital | 53,164,758 | 100.00% | - The actual controllers of the controlling shareholder, Suzhou Yingbao Investment Co., Ltd. (62.39% stake), and the second-largest shareholder, Suzhou Huzhijin Investment Management Partnership (8.46% stake), are Hu Yufang and Wang Anqi (mother and daughter), forming parties acting in concert[26][30] - The company's special securities account for share repurchase holds 1,453,860 shares, accounting for 2.7346% of the total share capital[26][31] Significant Events Compliance and Progress of Significant Matters During the reporting period, all significant company matters proceeded in compliance, with routine related-party transactions executed within estimated limits, all disclosed commitments normally fulfilled, and an 8.2 million yuan asset mortgage released on March 12, 2024, with no other significant matters such as lawsuits, arbitrations, or external guarantees occurring - The company's estimated routine related-party transactions for 2024 are 4.2 million yuan, not exceeding the estimated amount during the reporting period[35] - All disclosed commitments were normally fulfilled during the reporting period, with no violations[36] - The property and land mortgage (mortgage amount 8.2 million yuan) used for bank loans was released on March 12, 2024[37] Financial Accounting Report This section provides the company's unaudited consolidated and parent company financial statements for Q1 2024, including the balance sheet, income statement, and cash flow statement, comprehensively reflecting the financial position at the end of the reporting period and operating results and cash flows during the period Consolidated Balance Sheet As of March 31, 2024, the company's total assets were 505.52 million yuan, a 2.23% decrease from the end of the previous year; total liabilities were 182.81 million yuan, with the asset-liability ratio decreasing to 36.16%, and total equity attributable to parent company owners was 321.93 million yuan, a 2.54% increase from the end of the previous year Consolidated Balance Sheet Key Items (As of March 31, 2024) | Item | Period-End Balance (Yuan) | Period-Beginning Balance (Yuan) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 505,522,467.09 | 517,049,817.29 | -2.23% | | Total Liabilities | 182,813,847.61 | 202,247,019.09 | -9.61% | | Total Equity Attributable to Parent Company Owners | 321,925,564.76 | 313,944,375.67 | 2.54% | Parent Company Balance Sheet As of March 31, 2024, the parent company's total assets were 511.28 million yuan, total liabilities were 178.43 million yuan, and the asset-liability ratio was 34.90%, with total owner's equity amounting to 332.85 million yuan Parent Company Balance Sheet Key Items (As of March 31, 2024) | Item | Period-End Balance (Yuan) | Period-Beginning Balance (Yuan) | | :--- | :--- | :--- | | Total Assets | 511,276,889.04 | 517,657,202.03 | | Total Liabilities | 178,425,823.25 | 194,740,389.89 | | Total Owner's Equity | 332,851,065.79 | 322,916,812.14 | Consolidated Income Statement In Q1 2024, the company achieved total operating revenue of 108.61 million yuan, a 24.54% year-over-year increase, with total operating costs of 101.90 million yuan, up 24.95% year-over-year, ultimately resulting in a net profit attributable to parent company owners of 7.39 million yuan, a 14.17% year-over-year increase Consolidated Income Statement Key Items (Jan-Mar 2024) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 108,609,332.34 | 87,208,991.96 | 24.54% | | Total Operating Costs | 101,895,808.87 | 81,546,128.82 | 24.95% | | Total Profit | 7,964,683.84 | 7,294,281.38 | 9.19% | | Net Profit Attributable to Parent Company Owners | 7,388,277.10 | 6,471,211.63 | 14.17% | Parent Company Income Statement In Q1 2024, the parent company achieved operating revenue of 108.10 million yuan, a 25.60% year-over-year increase, and a net profit of 9.34 million yuan, up 22.49% year-over-year, indicating stronger profitability compared to the consolidated statements Parent Company Income Statement Key Items (Jan-Mar 2024) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 108,099,886.19 | 86,065,384.72 | 25.60% | | Total Profit | 10,101,858.74 | 8,405,149.04 | 20.19% | | Net Profit | 9,343,349.18 | 7,627,945.52 | 22.49% | Consolidated Cash Flow Statement In Q1 2024, net cash flow from operating activities was -11.68 million yuan, turning negative year-over-year primarily due to a significant increase in cash paid for goods, while net cash outflow from investing activities was 17.09 million yuan, and net cash inflow from financing activities was 16.39 million yuan Consolidated Cash Flow Statement Summary (Jan-Mar 2024) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -11,676,925.31 | 15,785,985.78 | | Net Cash Flow from Investing Activities | -17,088,414.36 | -43,779,464.99 | | Net Cash Flow from Financing Activities | 16,390,447.13 | -2,638,817.14 | | Net Increase in Cash and Cash Equivalents | -12,192,374.13 | -31,006,704.53 | Parent Company Cash Flow Statement In Q1 2024, net cash flow from parent company operating activities was -11.18 million yuan, also turning from a net inflow in the prior year to a net outflow, with net cash outflow from investing activities at 17.24 million yuan and net cash inflow from financing activities at 16.39 million yuan Parent Company Cash Flow Statement Summary (Jan-Mar 2024) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -11,183,155.41 | 21,595,367.65 | | Net Cash Flow from Investing Activities | -17,240,598.36 | -46,879,464.99 | | Net Cash Flow from Financing Activities | 16,390,447.13 | -2,318,598.04 | | Net Increase in Cash and Cash Equivalents | -11,790,224.51 | -27,881,706.79 |