良品铺子(603719) - 2024 Q1 - 季度财报

Revenue and Profit Performance - Revenue for the first quarter was RMB 2,451,351,507.26, an increase of 2.79% year-over-year[4] - Operating revenue increased slightly to RMB 2,451,351,507.26 in Q1 2024 from RMB 2,384,725,480.36 in Q1 2023, showing modest revenue growth[20] - Total revenue for Q1 2024 was 2,368,755,116.19, an increase from 2,240,425,729.45 in the previous period[21] - Net profit attributable to shareholders of the listed company was RMB 62,482,768.52, a decrease of 57.98% year-over-year[4] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was RMB 54,882,483.47, a decrease of 48.69% year-over-year[4] - Net profit attributable to parent company shareholders was 62,482,768.52, down from 148,689,677.18 in the previous period[22] - Operating profit for Q1 2024 was 89,119,584.98, a decrease from 200,205,319.89 in the previous period[21] - The decrease in net profit was mainly due to price adjustments on some products, leading to a decline in gross margin, and the timing of government subsidies[5] Cash Flow and Liquidity - Net cash flow from operating activities was RMB -54,482,792.43, a decrease of 118.00% year-over-year[4] - The decrease in net cash flow from operating activities was mainly due to the timing of the Spring Festival sales, which resulted in lower sales collections compared to the same period last year[5] - Cash and cash equivalents decreased to RMB 1,522,061,680.09 in Q1 2024 from RMB 1,971,423,858.49 at the end of 2023, reflecting a decrease in liquidity[15] - Cash outflow from investment activities was 31,836,674.37, a significant decrease from 91,000,145.80 in the previous period[24] - Cash outflow from financing activities was 317,435,522.49, more than double the previous period's 159,418,931.00[24] - Net cash flow from financing activities was -317,435,522.49, compared to -121,840,474.10 in the previous period[24] - Cash and cash equivalents at the end of the period were 1,464,636,483.45, a decrease from 1,866,917,053.19 at the beginning of the period[24] - Cash received from sales of goods and services in Q1 2024 was 2,751,040,675.95, a decrease from 2,996,501,132.77 in Q1 2023[31] - Cash received from other operating activities in Q1 2024 was 23,444,718.91, down from 65,392,488.85 in Q1 2023[31] - Total operating cash inflow in Q1 2024 was 2,774,485,394.86, compared to 3,061,893,621.62 in Q1 2023[31] - Cash paid for goods and services in Q1 2024 increased to 1,994,870,557.43 from 1,823,861,069.42 in Q1 2023[31] - Net cash flow from operating activities in Q1 2024 was -54,482,792.43, a significant decline from 302,683,002.10 in Q1 2023[31] - Cash inflow from disposal of fixed assets in Q1 2024 was 1,474,419.55, up from 268,500.68 in Q1 2023[31] Earnings Per Share and Return on Equity - Basic earnings per share (EPS) was RMB 0.16, a decrease of 56.76% year-over-year[4] - Diluted earnings per share (EPS) was RMB 0.16, a decrease of 56.76% year-over-year[4] - Basic earnings per share for Q1 2024 were 0.16, compared to 0.37 in the previous period[22] - Weighted average return on equity (ROE) was 2.48%, a decrease of 3.53 percentage points year-over-year[4] Assets and Liabilities - Total assets decreased to RMB 4,833,028,230.50 in Q1 2024 from RMB 5,521,460,814.80 at the end of 2023, indicating a reduction in asset size[17] - Total assets decreased by 12.47% to 4,833,028,230.50 compared to the end of the previous year[27] - Cash and cash equivalents decreased to RMB 1,522,061,680.09 in Q1 2024 from RMB 1,971,423,858.49 at the end of 2023, reflecting a decrease in liquidity[15] - Accounts receivable increased to RMB 425,716,313.13 in Q1 2024 from RMB 381,088,219.90 at the end of 2023, showing a rise in receivables[15] - Inventory decreased to RMB 382,087,373.56 in Q1 2024 from RMB 641,178,154.21 at the end of 2023, indicating a significant reduction in stock levels[15] - Total liabilities decreased to RMB 2,281,359,466.65 in Q1 2024 from RMB 3,033,965,428.06 at the end of 2023, reflecting a reduction in debt[17] - Fixed assets decreased to RMB 638,043,669.88 in Q1 2024 from RMB 656,318,249.16 at the end of 2023, indicating a reduction in long-term investments[16] - Prepayments increased to RMB 97,024,019.76 in Q1 2024 from RMB 66,406,443.70 at the end of 2023, reflecting higher advance payments[15] - Other receivables increased slightly to RMB 131,390,630.42 in Q1 2024 from RMB 128,153,981.92 at the end of 2023, showing a minor rise in miscellaneous receivables[15] - Retained earnings increased to RMB 1,324,470,485.03 in Q1 2024 from RMB 1,261,987,716.51 at the end of 2023, indicating growth in accumulated profits[17] - Equity attributable to shareholders of the parent company increased by 2.59% to 2,553,766,779.61[27] Non-Recurring Items and Other Income/Expenses - Non-recurring loss from disposal of non-current assets amounted to -47,011.19[28] - Government subsidies recognized in current period totaled 9,490,302.55[28] - Impairment reversal of receivables separately tested for impairment was 2,253,543.87[28] - Other non-operating income and expenses resulted in a loss of -1,648,385.27[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,190[7]