Sunasia(SH:600593)2024-04-23 11:51Financial Performance - The company's operating revenue for Q1 2024 was CNY 91,527,276.48, representing a year-on-year increase of 31.80%[4] - The net profit attributable to shareholders decreased by 30.60% to CNY 1,275,665.27 compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -625,710.38, a decline of 132.94%[4] - Operating profit for Q1 2024 was RMB 18,764,032.58, up 115.5% from RMB 8,695,672.98 in Q1 2023[20] - Net profit for Q1 2024 was RMB 13,483,312.59, representing a 56.5% increase compared to RMB 8,598,907.54 in Q1 2023[20] - Total operating revenue for Q1 2024 reached RMB 91,527,276.48, a 31.9% increase from RMB 69,446,473.08 in Q1 2023[19] - Basic earnings per share for Q1 2024 were RMB 0.0099, down from RMB 0.0143 in Q1 2023[21] Cash Flow - The net cash flow from operating activities was CNY 38,618,890.65, down by 14.74% year-on-year[4] - Cash flow from operating activities for Q1 2024 was RMB 38,618,890.65, down 14.8% from RMB 45,293,704.40 in Q1 2023[24] - The company reported a net cash flow from financing activities of RMB 8,870,159.01 in Q1 2024, compared to a negative RMB 16,771,880.55 in Q1 2023[24] - In Q1 2024, the net cash flow from operating activities was 736,101.00, a decrease of 46.3% compared to 1,370,216.85 in Q1 2023[35] - Cash inflow from operating activities totaled 1,974,628.79, down 18.2% from 2,415,082.40 in the same period last year[35] - Cash outflow from operating activities was 1,238,527.79, a slight increase of 18.5% compared to 1,044,865.55 in Q1 2023[35] - The net cash flow from financing activities was -658,493.00, an improvement from -1,190,214.11 in Q1 2023[36] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,150,761,056.02, an increase of 1.37% from the end of the previous year[4] - The company's total liabilities were RMB 1,777,685,599.57, compared to RMB 1,762,076,873.37 at the end of 2023, indicating a slight increase[16] - The company's total current assets increased to CNY 137,039,039.71 from CNY 126,680,519.87, primarily driven by an increase in cash and cash equivalents[26] - The company's total liabilities increased to CNY 769,593,220.97 from CNY 759,903,896.47, reflecting a rise in current liabilities[28] - The company's total non-current assets were RMB 1,973,479,805.07, slightly down from RMB 1,976,002,249.75[15] - The company’s total liabilities to equity ratio stood at approximately 4.5, indicating a high leverage position[16] Equity - The equity attributable to shareholders was CNY 223,737,211.64, a slight increase of 0.57% compared to the previous year[5] - The total equity decreased to CNY 270,934,034.17 from CNY 275,524,790.90, reflecting a decline in retained earnings[28] - The total equity attributable to shareholders was RMB 223,737,211.64, a marginal increase from RMB 222,461,546.37[16] Market and Operational Insights - The company attributed the revenue growth primarily to the winter tourism peak season in Harbin[8] - The overall tourism market showed a slight decline compared to the previous period, impacting net profit[8] - The company reported a significant increase in accounts payable, rising to CNY 4,585,780.81 from CNY 3,487,876.59, suggesting potential cash flow challenges[27] - Research and development expenses were not explicitly reported, indicating a potential area for future focus[31] Inventory and Receivables - The company's inventory decreased to RMB 9,045,369.16 from RMB 9,529,829.54, a reduction of about 5.1%[14] - The company reported a decrease in accounts receivable to RMB 2,512,534.89 from RMB 2,965,485.07, a decline of approximately 15.2%[14]