百亚股份(003006) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥765,153,323, representing a 46.40% increase compared to ¥522,657,181 in the same period last year[3] - Net profit attributable to shareholders was ¥102,619,879, up 28.07% from ¥80,129,282 year-over-year[3] - The net profit after deducting non-recurring gains and losses was ¥97,529,910, reflecting a 30.63% increase from ¥74,659,934 in the previous year[3] - The basic earnings per share increased to ¥0.24, a rise of 26.32% compared to ¥0.19 in the same period last year[3] - The overall gross margin for Q1 2024 was 54.4%, an increase of 7.5% year-on-year, while the gross margin for core products was 57.7%, up 5.8%[14] - The operating profit for the first quarter of 2024 was CNY 117,736,829, representing a 26.6% increase from CNY 92,921,280 in the same period last year[29] - The net profit for the first quarter of 2024 was CNY 117,701,334, compared to CNY 93,181,237 in the previous year, marking a growth of 26.4%[29] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥2,064,455,475, marking a 9.55% increase from ¥1,884,474,560 at the end of the previous year[3] - The total current assets increased to CNY 1,389,789,341 from CNY 1,213,549,434, reflecting a growth of 14.5%[26] - The total liabilities increased to CNY 574,327,370 from CNY 497,531,273, indicating a rise of 15.4%[28] - The cash and cash equivalents at the end of the first quarter were CNY 427,310,246, up from CNY 356,266,644 at the beginning of the year[23] Revenue Breakdown - Revenue from the company's core sanitary napkin products reached 701 million RMB, up 54.6% year-on-year, with high-end product revenue share increasing[14] - Offline channel revenue was 436 million RMB, a 16.7% increase year-on-year, with revenue from provinces outside the core area growing by 52.0%[14] - E-commerce channel revenue surged to 296 million RMB, marking a significant increase of 150.5% year-on-year[14] Expenses and Costs - Sales expenses rose significantly by 120.72% to ¥263,360,590, attributed to increased marketing investments[9] - The total operating costs for the first quarter of 2024 were CNY 655,708,486, up 50.5% from CNY 435,362,780 in the previous year[29] Cash Flow - Cash flow from operating activities generated a net amount of CNY 97,574,818, a decrease of 11.2% from CNY 109,946,740 in Q1 2023[32] - Total cash inflow from operating activities was CNY 853,812,049, compared to CNY 610,443,236 in the previous year, marking a 39.8% increase[32] - The total cash outflow from operating activities was CNY 756,237,231, compared to CNY 500,496,496 in Q1 2023, reflecting a 50.9% increase[32] - The total cash and cash equivalents at the end of Q1 2024 stood at CNY 418,957,951, down from CNY 484,477,261 at the end of Q1 2023[33] Government Support and Future Plans - The company received government subsidies amounting to ¥553,821, contributing to its non-recurring gains[5] - The company plans to engage in related transactions with Guizhou Heli Supermarket Co., Ltd. and Guangdong Beihua New Materials Co., Ltd., with an estimated total amount not exceeding 60 million RMB for 2024[16] - The company plans to adjust the exercise price of stock options and the repurchase price of restricted stock as part of its incentive plan[21] - The company has approved changes to its registered capital and amendments to its articles of association, which will be implemented following the annual shareholders' meeting[22] Audit Status - The company has not undergone an audit for the Q1 2024 report[34]