SHKK(600272)2024-04-26 08:48Financial Performance - The company's operating revenue for Q1 2024 was CNY 234,368,620.36, representing a year-on-year increase of 17.42%[3] - Net profit attributable to shareholders for the same period was CNY 23,260,067.14, a significant increase of 137.46% compared to the previous year[3] - The basic earnings per share (EPS) rose to CNY 0.096, reflecting a 140.00% increase year-on-year[3] - Total operating revenue for Q1 2024 reached ¥234,368,620.36, an increase of 17.4% compared to ¥199,595,462.29 in Q1 2023[16] - Net profit for Q1 2024 was ¥23,180,215.70, a significant increase of 155.5% from ¥9,080,552.75 in Q1 2023[16] - Basic and diluted earnings per share for Q1 2024 were both ¥0.096, compared to ¥0.040 in Q1 2023, representing a 140% increase[16] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -69,896,785.46, indicating challenges in cash generation[3] - Cash flow from operating activities for Q1 2024 showed a net outflow of ¥69,896,785.46, worsening from a net outflow of ¥24,761,380.76 in Q1 2023[19] - Cash and cash equivalents decreased to CNY 124,653,554.01 from CNY 158,154,151.39, representing a decline of about 21.2%[12] - Cash and cash equivalents at the end of Q1 2024 totaled ¥124,653,554.01, down from ¥222,422,833.06 at the end of Q1 2023[19] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,317,685,024.50, a slight decrease of 0.68% from the end of the previous year[3] - As of March 31, 2024, the company's total assets amounted to CNY 1,317,685,024.50, a slight decrease from CNY 1,326,712,627.84 as of December 31, 2023[12] - The company's current liabilities totaled CNY 498,475,954.59, down from CNY 532,547,093.02 at the end of 2023, indicating a reduction of approximately 6.4%[13] - The company's non-current liabilities totaled CNY 188,831,367.53, slightly up from CNY 186,968,048.14, indicating a marginal increase[13] Equity and Shareholder Value - The equity attributable to shareholders increased by 3.90% to CNY 619,087,410.42 compared to the end of the previous year[3] - The total equity attributable to shareholders increased to CNY 619,087,410.42 from CNY 595,827,343.28, marking an increase of approximately 3.9%[13] Operational Challenges and Strategic Plans - The company faced a 92.73% decline in net profit attributable to shareholders after deducting non-recurring gains, primarily due to adverse market conditions affecting sales[4] - The company plans to expand its market presence and enhance its product offerings in response to current challenges[5] Other Financial Metrics - The weighted average return on equity (ROE) improved by 2.12 percentage points to 3.83%[3] - The company recognized a significant gain from property acquisition compensation, contributing to the net profit increase[5] - The company received a compensation payment of CNY 26,167,700.00 for property relocation as of December 8, 2023[8] - The company completed the transfer of 60% equity in Kaikai Department Store and 88.89% equity in Shirt Factory, enhancing its market position in the apparel sector[9] - The company reported a decrease in inventory to CNY 77,174,535.38 from CNY 74,562,703.73, which is an increase of about 8.8%[12] - The company’s deferred tax assets rose to CNY 2,858,856.20 from CNY 1,931,405.33, showing an increase of approximately 48%[12] - Total operating costs for Q1 2024 were ¥231,189,211.73, up from ¥197,292,727.19 in Q1 2023, reflecting a 17.2% increase[16] - The company reported a decrease in sales expenses to ¥17,980,930.99 in Q1 2024 from ¥20,992,420.24 in Q1 2023, a reduction of 14.4%[16] - Management expenses decreased to ¥20,345,150.72 in Q1 2024 from ¥22,028,483.11 in Q1 2023, a decline of 7.7%[16] - The company recorded an increase in investment income to ¥1,054,255.60 in Q1 2024 from ¥1,358,685.13 in Q1 2023, indicating a decrease of 22.4%[16]