帝欧家居(002798) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥564.12 million, a decrease of 7.50% compared to ¥609.86 million in the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥44.63 million, an improvement of 44.43% from a loss of ¥80.32 million in the previous year[5]. - The net cash flow from operating activities was -¥53.49 million, a significant decline of 120.31% compared to ¥263.41 million in the same period last year[5]. - The gross profit margin improved by 2.44% year-on-year, with the tile business gross margin increasing by 2.84%[8]. - The company's weighted average return on equity was -2.07%, an increase of 0.80 percentage points from -2.87% in the previous year[5]. - The company's total revenue for the current period was 564.12 million yuan, down from 609.86 million yuan in the previous period, representing a decrease of approximately 7.9%[28]. - The net profit for Q1 2024 was -44,713,917.59, compared to -80,412,634.12 in Q1 2023, showing an improvement of approximately 44.4% year-over-year[29]. - Operating profit for Q1 2024 was -45,553,412.67, an improvement from -79,211,872.51 in the same period last year[29]. - The company reported a total comprehensive loss of -44,713,917.59 for Q1 2024, compared to -80,412,634.12 in Q1 2023, indicating a significant reduction in losses[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6.37 billion, down 3.23% from ¥6.59 billion at the end of the previous year[5]. - The total assets of the company as of March 31, 2024, amounted to 6.375 billion yuan, a decrease from 6.588 billion yuan at the beginning of the period[24]. - The company's total liabilities decreased from 4.41 billion yuan to 4.26 billion yuan, a decline of approximately 3.4%[26]. - The company's retained earnings showed a negative balance of 733.31 million yuan, worsening from a negative 688.68 million yuan at the beginning of the period[26]. Cash Flow and Financing - The company's cash and cash equivalents decreased from 711.73 million yuan to 596.03 million yuan, a decline of approximately 16.2%[24]. - Cash and cash equivalents at the end of Q1 2024 were 336,762,139.41, down from 763,222,929.44 at the end of Q1 2023, a decline of approximately 55.8%[32]. - The total cash outflow from financing activities in Q1 2024 was -43,411,385.08, compared to -126,644,894.54 in Q1 2023, showing a reduction in cash outflow[32]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,583[11]. - The largest shareholder, Liu Jin, holds 8.06% of shares, totaling 31,016,189 shares, with 30,014,142 shares pledged[11]. Business Strategy and Operations - The company focused on enhancing its distribution channel business and launched new mid-to-high-end product categories in the second half of 2023[8]. - The company plans to continue expanding its distribution channels and enhancing its product offerings to improve market presence[8]. - The company reported a decrease in sales expenses by 33.58% to ¥56.27 million, attributed to refined management practices[9]. Research and Development - Research and development expenses increased to 28,350,966.86 in Q1 2024 from 26,713,158.90 in Q1 2023, reflecting a growth of approximately 6.1%[29]. Financial Management - The company plans to temporarily use up to RMB 400 million of idle raised funds to supplement working capital, with a return deadline not exceeding 12 months[13]. - The company has approved a comprehensive credit limit application of up to RMB 4.55 billion for 2024, valid for 12 months[15]. - The company has set a guarantee limit of up to RMB 5.615 billion for 2024 to support daily operations and business development[16]. - The company approved a factoring business plan with a total financing amount not exceeding RMB 1 billion, valid for 12 months[17]. - The company has initiated a share repurchase plan with a total amount between RMB 25 million and RMB 50 million, at a price not exceeding RMB 9.00 per share[18]. - As of February 7, 2024, the company has repurchased 5.33 million shares, representing 1.38% of the total share capital[19]. - Cumulatively, the company has repurchased 5.78 million shares, accounting for 1.50% of the total share capital as of April 19, 2024[19]. - The company implemented a share buyback plan, with a total of 1.0965 million shares purchased, accounting for 0.70% of the total share capital as of April 25, 2024[20]. - The company decided not to adjust the conversion price of its convertible bonds, "Diou Convertible Bonds," for the next three months, despite triggering the downward adjustment clause[21]. - In Q1 2024, the company reduced its convertible bonds by 430 units, with a total conversion amount of 43,000.00 yuan, resulting in 3,216 shares converted[22].