翔丰华(300890) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was approximately ¥332.92 million, a decrease of 40.35% compared to ¥558.16 million in the same period last year[12]. - Net profit attributable to shareholders was approximately ¥12.81 million, down 76.62% from ¥54.81 million year-on-year[12]. - The net profit for the first quarter of 2024 was CNY 12,371,206.20, a decrease from CNY 54,369,199.29 in the same period last year[40]. - The total revenue for the first quarter was CNY 15,801,919.91, compared to CNY 61,845,277.73 in the previous year[40]. - Basic earnings per share for the first quarter were CNY 0.1186, down from CNY 0.5083 year-over-year[43]. - The company reported a total comprehensive income attributable to the parent company was CNY 12,814,565.14, compared to CNY 54,749,299.08 in the previous year[43]. - The company reported a significant decrease in cash and cash equivalents, with a balance of CNY 338,265,268.48 compared to CNY 596,357,967.40 at the beginning of the period[44]. - The company’s operating profit for the quarter was CNY 15,765,671.59, down from CNY 61,566,495.85 year-over-year[42]. - Total operating revenue for the current period is CNY 332,915,443.77, a decrease of 40.3% compared to CNY 558,158,170.96 in the previous period[47]. - Total operating costs for the current period amount to CNY 323,274,608.26, down 35.2% from CNY 498,939,041.30 in the previous period[47]. Cash Flow and Assets - The net cash flow from operating activities was -¥117.66 million, an improvement of 50.77% compared to -¥239.00 million in the previous year[21]. - The company reported a decrease in short-term borrowings to CNY 352,647,453.95 from CNY 477,805,273.11 in the previous period[46]. - The company’s cash inflow from operating activities totaled CNY 312,690,733.82, down from CNY 457,070,426.51 in the previous period[51]. - The ending balance of cash and cash equivalents was $173,970,145.98, down from $371,143,376.29 at the beginning of the period[54]. - The company reported a total investment cash outflow of $492,483,199.22, with significant payments for fixed assets and other long-term assets[54]. - The total current assets decreased to CNY 2,174,914,702.34 from CNY 2,728,615,072.00 at the start of the year[44]. - The company’s inventory decreased to CNY 670,207,415.49 from CNY 763,589,786.96 at the beginning of the period[44]. - The total assets at the end of Q1 2024 were approximately ¥4.21 billion, a decrease of 10.20% from ¥4.69 billion at the end of the previous year[12]. - Total non-current assets increased to CNY 2,039,609,469.84, up from CNY 1,964,502,686.61 in the previous period[46]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,951[25]. - The largest shareholder, Zhou Pengwei, holds 14.29% of the shares, totaling 15,620,814 shares[25]. - The second-largest shareholder, Zhong Yinghao, holds 5.89% of the shares, totaling 6,439,669 shares[25]. - The company has a total of 1.85% of shares held by Ganzhou Zhongcheng Zhiyuan Enterprise Management Center (Limited Partnership), amounting to 2,025,913 shares[28]. - The shareholder Lei Zuyun holds 1.78% of the shares, totaling 1,950,000 shares[28]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders alone accounting for over 25%[25]. Expenses and Financial Management - Research and development expenses for Q1 2024 were approximately ¥7.27 million, down 48.82% from ¥14.20 million in the same period last year[20]. - Financial expenses increased by 62.89% to approximately ¥16.72 million, primarily due to interest expenses from convertible bonds issued[20]. - The company reported a credit impairment loss of CNY 2,491,400.69 during the quarter[42]. - The company adjusted the conversion price of its convertible bonds from CNY 33.63 to CNY 27.80, effective from March 13, 2024[35]. Future Outlook and Developments - The company has not disclosed any new product developments or technological advancements in this report[30]. - There are no indications of market expansion or mergers and acquisitions mentioned in the current report[30]. - The company has not provided specific future guidance or performance outlook in this quarter's report[30]. - The first quarter report was not audited, indicating a potential area for further scrutiny[55].