Onechance(300792)2024-04-26 11:12Financial Performance - The company's revenue for Q1 2024 was CNY 282,061,351.69, representing a 1.22% increase compared to CNY 278,674,804.71 in the same period last year[6] - Net profit attributable to shareholders decreased by 31.29% to CNY 29,278,802.45 from CNY 42,613,336.98 year-on-year[6] - The total operating revenue for Q1 2024 was CNY 282,061,351.69, an increase of 1.39% compared to CNY 278,674,804.71 in Q1 2023[22] - The net profit for Q1 2024 was CNY 29,349,509.15, a decrease of 31.2% from CNY 42,667,678.72 in Q1 2023[23] - The gross profit margin for Q1 2024 was approximately 10.4%, down from 15.0% in Q1 2023[22] - The weighted average return on equity fell to 1.04% from 1.54% year-on-year[6] - The company reported a significant decrease in investment income, down 68.79% to CNY 4,133,164.92 from CNY 13,244,512.82 in the previous year[10] Cash Flow - The net cash flow from operating activities was CNY 17,468,885.28, down 41.90% from CNY 30,067,482.58 in the previous year[6] - Cash inflow from operating activities totaled 525,879,056.86 in the prior period[26] - Cash outflow from operating activities was 495,811,574.28 last period[26] - The net cash flow from investing activities was 119,905,514.13 in the previous period[26] - Cash inflow from investing activities amounted to 44,991,759.02 in the prior period[26] - Cash outflow from investing activities decreased to 164,897,273.15 last period[26] - The net cash flow from financing activities was negative at -28,688,920.76 in the previous period[27] - The total cash and cash equivalents at the end of the period were 980,840,507.50 in the prior period[27] - The impact of exchange rate changes on cash and cash equivalents was a decrease of $658,758.73[27] Assets and Liabilities - The company's total assets decreased to CNY 3,021,254,796.53 from CNY 3,063,938,071.90, a decline of 1.4%[21] - The total liabilities decreased to CNY 181,770,281.32 from CNY 254,032,492.74, a reduction of 28.4%[21] - The equity attributable to shareholders of the parent company increased to CNY 2,838,128,468.70 from CNY 2,809,120,239.35, reflecting a growth of 1.03%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,831[14] - The largest shareholder, Lishui Wangchuang Brand Management Co., Ltd., holds 30.09% of shares, totaling 71,757,996 shares[14] - The company has no known relationships or concerted actions among the top ten shareholders[15] - The company repurchased 1,469,400 shares as of the end of the reporting period[15] Inventory and Accounts - Inventory decreased by CNY 44.93 million compared to the end of the previous year, reflecting improved inventory management[12] - Accounts payable decreased by CNY 43.03 million, primarily due to payments made for supplier goods and project costs[12] - Accounts receivable increased to ¥227,659,894.31 from ¥216,510,264.75, reflecting a growth of approximately 6.0%[19] - Inventory decreased to ¥299,830,002.98 from ¥344,758,366.69, indicating a reduction of about 13.0%[19] - The total non-current assets decreased to ¥1,025,000,000.00 from ¥1,045,000,000.00, a decline of approximately 1.9%[19] Research and Development - Research and development expenses for Q1 2024 were CNY 3,358,278.19, a decrease of 20.7% compared to CNY 4,238,182.34 in Q1 2023[22] Tax and Expenses - The company reported a decrease in tax expenses to CNY 4,095,876.38 from CNY 10,957,091.47, a decline of 62.7% year-over-year[23] Business Developments - The company established a business partnership with the well-known milk powder brand Feihe, expanding its brand portfolio[11] - The company has not reported any significant new strategies or product developments in the current quarter[17]