红豆股份(600400) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥554,212,568.43, a decrease of 14.78% compared to ¥650,334,848.99 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥30,194,490.56, compared to a profit of ¥41,233,806.83 in the previous year, indicating a significant decline[3] - For the period from the beginning of the year to the end of the reporting period, the total revenue was RMB 534.05 million, a decrease of 11.66% compared to the previous year[11] - Total operating revenue for Q1 2025 was ¥554.21 million, a decrease of 14.76% compared to ¥650.33 million in Q1 2024[23] - Net profit for Q1 2025 was a loss of ¥30.02 million, compared to a profit of ¥41.93 million in Q1 2024, representing a significant decline[24] - Operating profit for Q1 2025 was a loss of ¥35.22 million, contrasting with a profit of ¥48.05 million in Q1 2024[24] - Total comprehensive income for Q1 2025 was a loss of ¥22.68 million, compared to a gain of ¥41.41 million in Q1 2024[25] - Basic and diluted earnings per share for Q1 2025 were both -¥0.01, compared to ¥0.02 in Q1 2024[25] Cash Flow and Assets - The net cash flow from operating activities improved by 66.78%, reaching -¥35,683,593.36, compared to -¥107,426,018.29 in the previous year[3] - Cash flow from operating activities for Q1 2025 was a net outflow of ¥35.68 million, an improvement from a net outflow of ¥107.43 million in Q1 2024[28] - Cash and cash equivalents at the end of Q1 2025 stood at ¥907.08 million, down from ¥1,046.03 million at the end of Q1 2024[28] - The total current assets as of March 31, 2025, were RMB 1,913.36 million, down from RMB 2,121.39 million at the end of 2024[18] - The total liabilities decreased from RMB 1,775.37 million to RMB 1,579.79 million[20] Profitability and Margins - The gross profit margin decreased by 5.86%, leading to a reduction in gross profit of ¥32,472,000[5] - The gross profit margin for the overall business was 34.57%, down 8.21% year-on-year[11] - The revenue from direct stores was RMB 191.41 million, down 11.30% year-on-year, with a gross margin of 45.18%[13] Store Operations - The number of direct-operated stores for the HOdo men's clothing brand was 485 at the end of March 2025, down from 496 at the end of 2024[9] - The number of franchise stores decreased from 504 to 471, indicating a net closure of 12 stores in the same period[9] - The company reported a total of 956 stores at the end of March 2025, with a net decrease of 48 stores during the first quarter[9] Investments - The company invested RMB 1 million in Jiangsu Aiyuwen Robot Co., Ltd., acquiring a 5% stake, which will not significantly impact operations or performance[12] - The company also plans to invest RMB 600,000 in Wuxi Fuxin Robot Co., Ltd., representing 30% of the registered capital, with no significant impact expected on operations[14] Inventory and Expenses - The company reported a decrease in inventory from RMB 307.28 million to RMB 215.08 million year-on-year[18] - Research and development expenses for Q1 2025 were ¥4.93 million, a slight decrease from ¥5.21 million in Q1 2024[24] Taxation - The company reported a significant increase in tax expenses, with a tax benefit of -¥3.66 million in Q1 2025 compared to a tax expense of ¥5.12 million in Q1 2024[24] Market Strategy - The company is focusing on improving consumer confidence and demand to counteract the challenging external environment[5]