SGSG(300561)2024-04-25 10:58Financial Performance - The company's revenue for Q1 2024 was ¥19,597,329.91, a decrease of 51.86% compared to ¥40,709,819.83 in the same period last year[4] - The net profit attributable to shareholders was -¥985,961.35, representing a decline of 147.15% from ¥2,091,171.15 year-on-year[4] - The net cash flow from operating activities was -¥18,093,340.06, a decrease of 352.79% compared to -¥3,995,992.44 in the previous year[4] - Basic and diluted earnings per share were both -¥0.003, down 150.00% from ¥0.006 in the same period last year[4] - The total operating revenue for Q1 2024 was ¥19,597,329.91, a decrease of approximately 52.0% compared to ¥40,709,819.83 in the same period last year[23] - The net profit for Q1 2024 was a loss of CNY 985,977.76, compared to a net profit of CNY 2,090,821.13 in Q1 2023, indicating a significant decline in profitability[25] - The operating profit for Q1 2024 was a loss of CNY 1,753,295.18, contrasting with an operating profit of CNY 1,908,359.46 in the same period last year[24] - The total comprehensive income for Q1 2024 was a loss of CNY 985,977.76, compared to a comprehensive income of CNY 2,090,821.13 in Q1 2023[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥663,695,809.15, a decrease of 2.09% from ¥677,831,661.11 at the end of the previous year[4] - The total liabilities decreased significantly from ¥36,271,962.30 to ¥23,122,088.10, a reduction of about 36.3%[22] - The company's equity attributable to shareholders decreased slightly from ¥642,561,351.51 to ¥641,575,390.16, a decrease of approximately 0.2%[22] - The accounts receivable remained relatively stable, with a slight decrease from ¥75,082,784.86 to ¥74,580,621.04, a change of about 0.7%[20] - The inventory decreased from ¥37,400,907.19 to ¥36,249,221.52, reflecting a decline of approximately 3.1%[20] Cash Flow - The company's cash and cash equivalents increased to ¥8,983,937.67 from ¥8,036,634.85, reflecting a growth of about 11.8%[19] - Cash flow from operating activities showed a net outflow of CNY 18,093,340.06 in Q1 2024, compared to a smaller outflow of CNY 3,995,992.44 in Q1 2023[27] - The company reported cash inflows from investment activities of CNY 72,279,913.70 in Q1 2024, down from CNY 92,406,176.82 in Q1 2023[28] - The net cash flow from investment activities was CNY 19,765,799.15 in Q1 2024, an increase from CNY 10,526,402.17 in Q1 2023[28] - The cash and cash equivalents at the end of Q1 2024 were CNY 7,719,668.59, down from CNY 28,442,024.32 at the end of Q1 2023[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,395[9] - The total number of restricted shares held by major shareholders remains at 132,592,833 shares, with no new additions during the reporting period[12] - Chen Zhe, the company's major shareholder, continues to hold 87,032,852 restricted shares, while Ma Zheng holds 45,536,608 restricted shares[12] - The company has not disclosed any changes in the number of preferred shareholders or their holdings during the reporting period[11] - The company has not reported any changes in the top ten shareholders or their holdings due to margin trading activities[10] - The company continues to comply with relevant regulations regarding the lock-up of shares held by executives[12] Management and Governance - The company appointed Ma Detao as the new General Manager and Gao Weibin and Sun Yuling as Deputy General Managers during the board meeting on January 15, 2024[14] - The company reported a significant focus on long-term strategic development and governance following the resignation of Chen Zhe from the General Manager position[14] - The company has made adjustments to the members of its audit, nomination, and compensation committees to align with its operational needs[14] Strategic Developments - The company established a wholly-owned subsidiary, Zhuhai Chenyuan Investment Management Co., Ltd., with a registered capital of RMB 1 million to enhance real estate operation management services[13] - The company is actively involved in various investment activities, including asset management and property management services[13] - The company is undergoing a change in control, with Zibo Guotou acquiring 20% of the shares, which may impact future strategic directions[16] - The first phase of the share transfer has been completed, but the second phase is pending regulatory approvals, indicating potential delays in the control change process[17] - The company is focused on maintaining transparency regarding the progress of the control change and associated risks, urging investors to be cautious[17] Operating Costs - The company reported a 63.58% decrease in operating costs, aligning with the drop in revenue[7] - The total operating costs for Q1 2024 were CNY 22,426,443.85, a decrease from CNY 39,439,576.15 in Q1 2023, representing a reduction of approximately 43.2%[24] - The company experienced a 100% decline in net cash flow from financing activities, primarily due to the lack of rental income from leased properties[7] - The company’s investment income decreased by 64.29%, attributed to a reduction in purchased financial products[7] Product and Market Activity - The company did not report any new product launches or significant market expansion strategies during this quarter[29]