水羊股份(300740) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥1,031,873,547.91, a decrease of 1.36% compared to ¥1,046,084,375.79 in the same period last year[5] - Net profit attributable to shareholders decreased by 23.25% to ¥40,014,816.82 from ¥52,138,257.36 year-on-year[5] - Basic earnings per share fell by 23.36% to ¥0.1027 from ¥0.1340 in the same period last year[5] - Net profit for Q1 2024 was CNY 42,567,989.64, a decline of 21.93% compared to CNY 54,520,526.64 in Q1 2023[26] - The net profit attributable to the parent company was CNY 40,014,816.82, down 23.27% from CNY 52,138,257.36 in the same period last year[26] - The company reported a comprehensive income total of CNY 39,800,247.50 for Q1 2024, compared to CNY 55,276,317.61 in the previous year, a decrease of 28.00%[26] Cash Flow - The net cash flow from operating activities was negative at -¥14,880,775.28, a decline of 125.24% compared to ¥58,962,359.62 in the previous year[12] - The net cash flow from financing activities was negative at -¥156,343,509.10, a drastic increase of 2,717.65% compared to -¥5,548,729.43 in the previous year, primarily due to loan repayments[12] - The net cash flow from operating activities decreased to -14,880,775.28 from 58,962,359.62, indicating a significant decline in operational performance[28] - Cash inflow from investment activities increased to 116,515,401.24 compared to 36,041,451.86 in the previous period, showing improved investment recovery[28] - The total cash and cash equivalents at the end of the period decreased to 260,949,417.57 from 285,835,558.08, indicating a reduction in liquidity[29] Assets and Liabilities - Total assets decreased by 5.83% to ¥3,874,915,610.98 from ¥4,114,979,918.91 at the end of the previous year[5] - Total liabilities decreased to CNY 1,757,507,109.08, down from CNY 2,040,147,063.41, a decline of 13.87%[24] - Total equity attributable to shareholders increased to CNY 2,115,727,141.46, up from CNY 2,075,806,726.67, an increase of 1.92%[24] - As of March 31, 2024, the total current assets amounted to CNY 2,070,437,665.17, a decrease from CNY 2,315,053,316.01 at the beginning of the period, reflecting a decline of approximately 10.6%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 16,205[14] - The largest shareholder, Hunan Yujia Investment Management Co., holds 24.68% of shares, totaling 95,904,214 shares[14] - The second-largest shareholder, Changsha Tingting Enterprise Management Consulting Partnership, holds 11.46% of shares, totaling 44,523,000 shares[14] - The third-largest shareholder, Dai Yuefeng, holds 10.06% of shares, totaling 39,086,611 shares, with 17,220,000 shares pledged[14] Expenses - Management expenses increased by 35.08% to ¥58,430,350.45 due to higher depreciation costs[11] - Research and development expenses for Q1 2024 were CNY 18,069,973.34, down from CNY 24,596,679.89 in Q1 2023, a decrease of 26.67%[25] Market Activities - The company plans to expand its market presence through the issuance of convertible bonds, which will provide additional capital for growth initiatives[18] - The company issued convertible bonds on April 25, 2023, with a total of 6,949,156 bonds remaining as of October 11, 2023, after a conversion of 2,644 shares[19] - The adjusted conversion price for the convertible bonds increased from CNY 13.61 to CNY 13.63 per share effective March 12, 2024[19] Stock and Incentives - The company repurchased a total of 1,250,713 restricted stocks as part of its stock incentive plan, including 943,185 from the initial grant and 307,528 from reserved grants[21] - The company’s stock options and restricted stock incentive plan adjustments reflect ongoing efforts to align management interests with shareholder value[20] Inventory and Receivables - Accounts receivable increased from CNY 403,735,094.17 to CNY 425,549,824.37, showing a growth of approximately 5.4%[22] - Inventory rose from CNY 794,814,944.67 to CNY 809,420,434.58, indicating an increase of about 1.8%[22] Other Financial Metrics - The company's weighted average return on equity decreased to 1.91% from 2.95% year-on-year[5] - Total operating revenue for Q1 2024 was CNY 1,031,873,547.91, a decrease of 1.01% from CNY 1,046,084,375.79 in Q1 2023[25] - Total operating costs decreased to CNY 967,252,613.44, down 3.83% from CNY 1,005,798,496.95 in the previous year[25] - Cash received from sales of goods and services was 1,008,775,074.44, down from 1,034,578,361.24, showing a decline in revenue generation[28] - Cash paid for purchasing goods and services was 441,374,933.43, a decrease from 495,383,167.77, suggesting cost management efforts[28] Audit and Compliance - The company did not conduct an audit for the first quarter report, which may affect stakeholder confidence in the financial statements[30]