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晨光股份(603899) - 2024 Q1 - 季度财报
603899M&G(603899)2024-04-26 09:31

Financial Performance - The company's revenue for Q1 2024 reached ¥5,485,380,847.38, representing a year-on-year increase of 12.37%[4] - Net profit attributable to shareholders was ¥379,859,509.37, up 13.87% compared to the same period last year[4] - Operating profit for Q1 2024 was ¥504,483,189.26, up from ¥410,690,091.68 in Q1 2023, reflecting a growth of 22.8%[21] - Net profit for Q1 2024 was ¥403,976,905.47, compared to ¥365,868,826.29 in Q1 2023, representing an increase of 10.4%[21] - The total comprehensive income for Q1 2024 was CNY 395,545,074.89, an increase from CNY 355,744,158.67 in Q1 2023, representing a growth of approximately 11.3%[22] Cash Flow - The net cash flow from operating activities decreased by 49.65% to ¥68,147,079.31, primarily due to increased payments for goods[4][7] - The net cash inflow from operating activities was CNY 68,147,079.31, down from CNY 135,347,440.80 in the same period last year, indicating a decline of about 49.7%[23] - The net cash outflow from investing activities was CNY -635,085,030.18, a significant decrease from CNY 26,812,870.50 in Q1 2023[24] - The net cash outflow from financing activities was CNY -63,460,854.26, compared to CNY -73,132,052.17 in the same period last year, showing an improvement of about 8.3%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,476,454,784.47, a decrease of 5.47% from the end of the previous year[5] - Total assets decreased to ¥14,476,454,784.47 in Q1 2024 from ¥15,313,962,312.00 in Q1 2023, a decline of 5.5%[18] - Total liabilities decreased to ¥5,729,744,913.20 in Q1 2024 from ¥6,962,797,515.62 in Q1 2023, a reduction of 17.7%[18] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 4.75% to ¥8,205,427,063.40[5] - The company's equity attributable to shareholders rose to ¥8,205,427,063.40 in Q1 2024 from ¥7,833,178,803.52 in Q1 2023, an increase of 4.7%[18] Revenue Breakdown - In Q1 2024, the total revenue from writing instruments reached RMB 564.80 million, with a gross margin of 43.83%[13] - The revenue from student stationery was RMB 854.04 million, showing a year-on-year increase of 17.12%[13] - Office stationery generated RMB 899.62 million in revenue, with a gross margin of 27.46%[13] - The revenue from other products was RMB 208.83 million, reflecting a year-on-year increase of 23.96%[13] - The total revenue from direct sales in the office segment was RMB 2.95 billion, with a gross margin of 7.23%[13] Government Support - The company received government subsidies amounting to ¥68,559,621.83 during the reporting period, which positively impacted its financial performance[6] Investment Activities - The company reported a significant increase of 42.33% in trading financial assets, totaling ¥1,996,246,148.75, due to increased purchases of bank wealth management products[8] - The company's investment activities resulted in a net cash outflow of ¥635,085,030.18, primarily due to increased purchases of bank wealth management products[8] Expenses - Research and development expenses for Q1 2024 were ¥48,295,232.76, slightly up from ¥47,086,795.47 in Q1 2023[21] - Sales expenses increased to ¥406,198,947.67 in Q1 2024 from ¥340,646,965.56 in Q1 2023, an increase of 19.2%[21] - The company reported a tax expense of ¥102,843,204.48 for Q1 2024, compared to ¥60,580,035.15 in Q1 2023, indicating a significant increase of 69.8%[21] Retail Operations - As of the end of the reporting period, the company operated 678 retail stores nationwide, including 639 Jiumu Miscellaneous Society stores[14] - The subsidiary Morning Glory Keli Pu achieved revenue of RMB 294.66 million, a year-on-year growth of 11.59%[14] - Morning Glory Life Hall, including Jiumu Miscellaneous Society, generated RMB 37.10 million in revenue, up 23.53% year-on-year[14] - Morning Glory Technology reported revenue of RMB 24.69 million, marking a 32.72% increase compared to the previous year[14]