Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,805,673,197.46, representing a decrease of 12.92% compared to the same period last year[15] - The net profit attributable to shareholders of the listed company was CNY 158,764,894.92, down 26.92% year-on-year[15] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 108,160,197.35, a decline of 39.22% compared to the previous year[15] - The basic earnings per share for the period was CNY 0.34, down 26.09% from the same period last year[15] - Total revenue for the first quarter was RMB 1,798,082,820.64, a decrease of 12.89% compared to the same period last year[32] - The company reported a net profit of RMB 158,382,101.34, a decrease of 27.03% from RMB 217,169,993.87 in the previous year[41] - Net profit attributable to the parent company for Q1 2024 was ¥158,764,894.92, a decline of 27.0% from ¥217,247,884.50 in Q1 2023[58] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 8,168,946.60, a significant drop of 94.36% year-on-year[15] - The net cash flow from operating activities for Q1 2024 was ¥8,168,946.60, a decrease of 94.35% compared to ¥144,811,867.55 in Q1 2023[45] - Total cash inflow from operating activities was ¥1,972,518,823.82, down 11.76% from ¥2,235,539,019.62 in the same period last year[45] - Cash outflow from operating activities totaled ¥1,964,349,877.22, a decrease of 6.04% compared to ¥2,090,727,152.07 in Q1 2023[45] - The total cash and cash equivalents at the end of Q1 2024 were ¥841,333,621.22, down 48.92% from ¥1,645,127,282.03 at the end of Q1 2023[46] Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,660,507,912.18, a decrease of 5.23% from the end of the previous year[26] - The total assets decreased to ¥7,660,507,912.18 in Q1 2024 from ¥8,083,289,181.07 at the end of 2023, reflecting a decline of 5.22%[51] - The total current liabilities were ¥1,408,000,000.00, a decrease from the previous period, indicating improved liquidity management[51] - Total liabilities decreased to ¥2,969,992,618.08 in Q1 2024 from ¥3,553,262,355.70 in the previous year, reflecting a reduction of 16.4%[52] Sales and Profitability - The gross profit margin for the apparel operation segment decreased by 4.75 percentage points to 55.46%[20] - Gross profit margin decreased by 4.75 percentage points to 55.46% compared to the previous year[32] - Online sales revenue was RMB 515,746,304.88, with a gross profit margin of 45.27%, down 4.89 percentage points year-over-year[35] - Offline sales revenue was RMB 1,282,336,515.76, with a gross profit margin of 59.56%, down 4.30 percentage points year-over-year[35] - The overall gross profit for PEACEBIRD women's wear was RMB 651,289,659.58, with a gross profit margin of 54.03%, down 7.38 percentage points year-over-year[32] - The overall gross profit for PEACEBIRD men's wear was RMB 770,314,495.20, with a gross profit margin of 59.70%, down 2.86 percentage points year-over-year[32] - The company experienced a decrease in operating profit from RMB 297,552,807.38 to RMB 213,810,199.05, reflecting a decline in operational efficiency[41] Store Operations - The number of direct-operated stores decreased from 400 to 388, with a net reduction of 12 stores[35] - The number of franchise stores decreased from 1,058 to 1,042, resulting in a net reduction of 16 stores[35] Investment and Future Plans - The company reported a government subsidy of CNY 58,373,639.55, which positively impacted the financial results[17] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[56] - Research and development expenses for Q1 2024 were ¥40,039,017.55, slightly up from ¥39,566,490.94 in Q1 2023[55] - The company reported a net investment income of ¥5,468,413.32 in Q1 2024, down from ¥9,098,106.19 in Q1 2023[55]
太平鸟(603877) - 2024 Q1 - 季度财报