MAOYE COMMERCIAL(600828)2024-04-26 09:52Financial Performance - The company's operating revenue for Q1 2024 was CNY 822,892,307.59, representing a decrease of 12.67% compared to the same period last year[6]. - The net profit attributable to shareholders for Q1 2024 was CNY 58,435,895.63, down 44.95% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 23.12% to CNY 54,906,992.59[6]. - The basic earnings per share for Q1 2024 was CNY 0.0337, a decrease of 45.02% year-on-year[6]. - Net profit for Q1 2024 was CNY 59,159,148.84, a decline of 43.73% from CNY 105,146,786.19 in Q1 2023[22]. - The company reported a total comprehensive income of CNY 63,655,746.47 for Q1 2024, down from CNY 113,977,026.00 in Q1 2023[23]. Cash Flow - The net cash flow from operating activities was CNY 409,981,043.63, an increase of 28.59% compared to the previous year[6]. - Cash received from operating activities related to business operations was approximately 33.86 million in the previous year, marking a growth of 52.8%[26]. - Total cash outflow from operating activities was approximately 1.74 billion in the previous year, indicating a decrease of 15%[26]. - Cash inflow from financing activities amounted to 108 million in the same period last year, showing an increase of 770.5%[27]. - The net cash outflow from financing activities was 479.03 million in the previous year[27]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 19,866,382,855.11, a slight decrease of 0.01% from the end of the previous year[7]. - Total liabilities for Q1 2024 were CNY 12,267,057,490.62, a decrease from CNY 12,332,331,758.88 in Q1 2023[19]. - Non-current liabilities increased to CNY 6,510,287,986.86 in Q1 2024 from CNY 6,228,104,464.00 in Q1 2023[19]. - The company's long-term equity investments were reported at RMB 107,189,711.51, a slight decrease from RMB 108,600,755.46[17]. - The total non-current assets stood at RMB 15,080,000,000.00 as of March 31, 2024, remaining stable compared to the previous period[17]. Inventory and Receivables - The total inventory as of March 31, 2024, was RMB 1,094,916,589.99, slightly down from RMB 1,103,254,092.02, indicating a decrease of approximately 0.8%[17]. - The company reported other receivables of RMB 533,705,082.86, down from RMB 557,582,307.99, indicating a decrease of approximately 4.3%[17]. Strategic Financial Management - The company plans to apply for a loan of RMB 48 million from Industrial and Commercial Bank of China, secured by real estate assets valued at 7,733 square meters[13]. - A comprehensive credit facility of RMB 300 million is being sought from Ping An Bank, with collateral provided by properties totaling 28,358.7 square meters[14]. - The company's total liabilities and equity structure will be further detailed in the upcoming financial disclosures, emphasizing ongoing strategic financial management[15].