Financial Performance - The company's revenue for Q1 2024 reached ¥724,921,172.97, representing a year-on-year increase of 6.76%[4] - Net profit attributable to shareholders was ¥25,212,645.11, showing a significant increase of 331.26% compared to the same period last year[4] - Basic earnings per share rose to ¥0.06, reflecting a 500.00% increase year-on-year[4] - The company's net profit for Q1 2024 is not explicitly stated but can be inferred from the revenue and cost figures[14] - The net profit for Q1 2024 was CNY 25,278,013.06, a significant increase from CNY 5,842,240.54 in Q1 2023, representing a growth of approximately 332%[17] - The operating profit for Q1 2024 reached CNY 30,186,386.63, compared to CNY 1,677,852.71 in the same period last year, indicating a substantial improvement[17] - The total comprehensive income for Q1 2024 was CNY 25,278,013.06, compared to CNY 5,842,240.54 in Q1 2023, reflecting a significant increase[17] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥157,536,117.71, indicating a cash outflow[4] - Cash inflow from operating activities was CNY 848,002,947.41, up from CNY 753,477,002.64 in Q1 2023, reflecting a growth of about 12.5%[18] - The company reported a net cash outflow from operating activities of CNY -157,536,117.71, an improvement from CNY -308,381,256.48 in Q1 2023[18] - Investment activities generated a net cash inflow of CNY 108,160,795.31, compared to a net outflow of CNY -63,694,005.23 in the previous year[19] - The total cash and cash equivalents at the end of Q1 2024 were CNY 2,280,650,119.37, an increase from CNY 2,058,988,148.09 at the end of Q1 2023[19] Assets and Liabilities - Total assets decreased by 11.23% to ¥4,647,678,531.08 from the end of the previous year[5] - The company's cash and cash equivalents decreased to CNY 2,345,509,119.37 from CNY 2,711,209,447.36, a decline of 13.5%[11] - Accounts receivable dropped to CNY 32,919,975.34 from CNY 57,733,042.63, indicating a significant reduction of 43.0%[11] - Inventory levels decreased to CNY 135,497,338.24 from CNY 161,917,600.90, a reduction of 16.3%[12] - Total liabilities decreased to CNY 1,265,774,575.56 from CNY 1,884,041,669.72, a reduction of 32.8%[13] - The company reported a total equity of CNY 3,381,903,955.52, up from CNY 3,351,402,165.04, indicating a growth of 0.9%[14] Shareholder Information - The company had a total of 10,699 common shareholders at the end of the reporting period[8] - The largest shareholder, Jiang Jianqi, holds 50.44% of the shares, totaling 207,196,230 shares[8] Operational Insights - Total operating costs for Q1 2024 were CNY 703,717,691.72, slightly up from CNY 696,240,946.62 in Q1 2023, reflecting a cost increase of 1.4%[14] - Research and development expenses increased to CNY 7,511,648.24 from CNY 6,659,185.95, reflecting an increase of 12.8%[14] - The company plans to continue expanding its market presence and enhancing product offerings in the upcoming quarters[4] - The company recorded a total revenue of CNY 819,692,731.79 from sales in Q1 2024, compared to CNY 702,405,420.00 in Q1 2023, marking an increase of approximately 16.7%[18] - The company incurred a credit impairment loss of CNY 987,997.20 in Q1 2024, slightly higher than CNY 963,285.11 in Q1 2023[17] Return on Equity - The weighted average return on equity increased by 0.75 percentage points to 0.75% compared to the end of the previous year[5]
香飘飘(603711) - 2024 Q1 - 季度财报