DOCTORGLASSES CHAIN CO.(300622)2024-04-25 09:08Financial Performance - The company's revenue for Q1 2024 was ¥295,927,317.03, a decrease of 4.47% compared to ¥309,760,123.09 in the same period last year[5] - Net profit attributable to shareholders was ¥25,035,454.54, down 32.85% from ¥37,280,702.91 year-on-year[5] - Basic and diluted earnings per share were both ¥0.14, reflecting a decline of 36.36% compared to ¥0.22 in the same period last year[5] - The company reported a net profit of ¥2,515.03 million, a decrease of 34.37% attributed to local business performance[10] - Operating profit for Q1 2024 was ¥32.28 million, a decline of 30.4% from ¥46.39 million in Q1 2023[29] - The company reported a total comprehensive income of ¥26.43 million for Q1 2024, down from ¥37.63 million in Q1 2023, a decrease of 29.7%[30] Cash Flow - The net cash flow from operating activities decreased by 33.81% to ¥59,219,362.15 from ¥89,472,068.47 in the previous year[5] - Cash inflow from operating activities totaled 292,537,999.94, reflecting a decline of 2.5%[31] - Cash outflow from operating activities increased to 203,065,931.47, marking an increase of 11.2%[31] - The net cash flow from investing activities is -104,043,043.83 in the previous period[32] - Total cash and cash equivalents at the end of the period is 182,268,928.93[32] Assets and Liabilities - Total assets increased by 7.22% to ¥1,202,750,580.65 from ¥1,121,775,074.61 at the end of the previous year[5] - Total liabilities rose to ¥361.81 million in Q1 2024, compared to ¥309.49 million in Q1 2023, marking an increase of 16.9%[26] - The company's equity attributable to shareholders increased to ¥817.64 million in Q1 2024, up from ¥788.73 million in Q1 2023, reflecting a growth of 3.5%[26] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,136[13] - Louisa Fan holds 22.05% of shares, totaling 38,420,935 shares, while Alexander Liu holds 20.36%, totaling 35,491,665 shares[13] - The top 10 shareholders account for significant ownership, with the largest shareholder holding over 22%[13] - The number of shares held by Louisa Fan and Alexander Liu remains unchanged at 28,815,701 and 26,618,749 shares respectively, due to executive lock-up agreements[15] - The company has a total of 1,080,211 shares under executive lock-up for Liu Kaiyue, with 270,053 shares newly added[15] Revenue Sources - Online group coupon transaction revenue reached CNY 37.95 million, a decline of 25.26% year-on-year, with Douyin platform contributing CNY 14.40 million, down 54.61%[18] - Excluding Douyin's local life business, the company achieved operating revenue of CNY 281.53 million, a year-on-year increase of 1.26%[19] Franchise Business - As of the end of the reporting period, the company registered 9,134 users on the Tongyanjing Alliance platform, with 598 franchise stores signed[19] - The company plans to enhance its franchise business by optimizing the franchise mechanism and providing comprehensive support to franchisees[19] Stock Options and Incentives - The company has completed the repurchase and cancellation of 44,400 restricted stocks from eight incentive targets[21] - As of the reporting period, 1,956,389 stock options from the 2021 incentive plan have been exercised[21] Research and Development - Research and development expenses for Q1 2024 were ¥1.02 million, with no prior year data available for comparison[27] Other Comprehensive Income - Other comprehensive income after tax for Q1 2024 was ¥1.28 million, compared to a loss of ¥0.69 million in Q1 2023[29]