Financial Performance - The company's revenue for Q1 2024 was ¥94,310,720.05, a decrease of 9.62% compared to ¥104,353,601.14 in the same period last year[5] - Net profit attributable to shareholders was ¥4,064,223.97, down 32.79% from ¥6,047,221.49 year-on-year[5] - The company reported a basic earnings per share of ¥0.0102, down 32.45% from ¥0.0151 in the previous year[5] - Net profit for the current period is ¥4,064,223.97, down 32.8% from ¥6,047,221.49 in the previous period[21] - Operating profit decreased to ¥2,808,195.05 from ¥3,022,188.44, a decline of 7.1%[21] - Other income decreased significantly to ¥198,360.57 from ¥1,346,856.15, a drop of 85.3%[19] - The company reported an asset impairment loss of ¥10,038,267.30, compared to ¥2,230,959.26 in the previous period, indicating a substantial increase in impairment losses[21] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to ¥30,356,070.98, a 621.57% improvement from -¥5,820,179.84 in the previous year[5] - Cash flow from operating activities generated a net amount of ¥30,356,070.98, compared to a negative cash flow of ¥5,820,179.84 in the previous period[23] - Cash flow from investing activities resulted in a net outflow of ¥230,340,018.65, a significant decrease from a net inflow of ¥20,101,635.57 in the previous period[23] - Cash and cash equivalents at the end of the period totaled ¥71,839,099.87, down from ¥318,621,376.63 at the end of the previous period[24] - The company's cash and cash equivalents decreased to RMB 71,839,099.87 from RMB 274,694,005.60, reflecting a significant reduction in liquidity[16] Market and Sales Performance - The company's market share in the book retail sector decreased from 1.15% in Q1 2023 to 1.09% in Q1 2024, reflecting a decline in physical book sales by 16.33%[9] - Digital content business revenue fell by 8.69%, contributing to the overall revenue decline of 9.62%[9] - The overall book retail market declined by 5.85% year-on-year, with physical store sales down 17.78%[9] Assets and Liabilities - Total assets increased by 2.60% to ¥752,708,453.39 compared to ¥733,614,004.82 at the end of the previous year[5] - The total assets of the company at the end of Q1 2024 amounted to RMB 752,708,453.39, an increase from RMB 733,614,004.82 at the beginning of the period[16] - The total current liabilities increased to RMB 131,879,913.95 from RMB 116,388,093.89, representing an increase of about 13.4%[17] - The company's total equity attributable to shareholders rose to RMB 613,733,901.29 from RMB 609,669,677.31, showing a slight increase of approximately 0.7%[18] - The total liabilities of the company at the end of Q1 2024 were RMB 138,974,552.10, up from RMB 123,944,327.51, marking an increase of approximately 12.1%[17] - The total non-current liabilities decreased to RMB 7,094,638.15 from RMB 7,556,233.62, indicating a reduction of approximately 6.1%[17] - The company reported a decrease in inventory from RMB 139,586,482.30 to RMB 128,637,312.36, a decline of about 7.8%[16] - Accounts receivable decreased to RMB 66,540,663.88 from RMB 71,983,441.14, indicating a decline of approximately 7.5%[16] Future Outlook - The company plans to launch key new books in Q2 and Q3 2024, which is expected to drive future growth[9] - The company has no new product launches or significant market expansion strategies mentioned in the report[15] Operating Costs - Total operating revenue for the current period is ¥94,310,720.05, a decrease of 9.8% from ¥104,353,601.14 in the previous period[19] - Total operating costs decreased to ¥82,736,075.30 from ¥101,940,001.52, representing a reduction of 18.7%[19] - Non-recurring gains totaled ¥2,687,030.66, primarily from government subsidies and other income sources[6]
读客文化(301025) - 2024 Q1 - 季度财报