桂发祥(002820) - 2024 Q1 - 季度财报

Revenue and Profitability - The company's revenue for Q1 2024 was CNY 160,391,947.85, representing a 12.44% increase compared to CNY 142,651,899.09 in the same period last year[5] - Net profit attributable to shareholders decreased by 26.78% to CNY 18,698,588.31 from CNY 25,536,569.67 year-on-year[5] - Basic and diluted earnings per share decreased by 30.77% to CNY 0.09 from CNY 0.13 year-on-year[5] - Total operating revenue for Q1 2024 reached ¥160,391,947.85, an increase of 12.2% compared to ¥142,651,899.09 in the same period last year[22] - Net profit for Q1 2024 was ¥18,698,588.31, a decrease of 26.8% from ¥25,536,569.67 in Q1 2023[24] - Earnings per share (EPS) for Q1 2024 was ¥0.09, down from ¥0.13 in the previous year[24] Cash Flow and Financial Position - The net cash flow from operating activities fell by 43.55% to CNY 27,899,339.48, down from CNY 49,421,560.86 in the previous year[5] - Cash received from operating activities decreased due to the absence of a prior year's court settlement amount[12] - The net cash flow from operating activities for Q1 2024 was ¥27,899,339.48, a decrease of 43.5% compared to ¥49,421,560.86 in Q1 2023[26] - Total cash inflow from investment activities was ¥301,551,186.30, down 25.1% from ¥402,610,989.34 in the same period last year[26] - The net cash flow from investment activities was -¥5,100,334.64, contrasting with a positive cash flow of ¥1,686,726.34 in Q1 2023[26] - Cash outflow from financing activities totaled ¥53,032,354.35, significantly higher than ¥7,295,061.04 in Q1 2023[26] - The net increase in cash and cash equivalents was -¥30,233,349.51, compared to an increase of ¥43,813,226.16 in the previous year[27] - The ending balance of cash and cash equivalents was ¥610,982,400.46, down from ¥641,524,154.58 at the end of Q1 2023[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,025,756,224.54, a decrease of 3.08% from CNY 1,058,374,113.89 at the end of the previous year[5] - Cash and cash equivalents decreased from RMB 641,215,749.97 to RMB 610,982,400.46, a decline of approximately 4.3%[19] - Accounts receivable increased from RMB 14,856,765.11 to RMB 20,703,929.00, an increase of approximately 39.5%[19] - Inventory decreased from RMB 41,952,902.60 to RMB 38,102,170.38, a decline of approximately 9.0%[19] - The company’s total liabilities include accounts payable of RMB 23,069,198.18, up from RMB 20,552,849.82, an increase of approximately 7.4%[19] - Total liabilities decreased to ¥74,786,231.07 from ¥76,102,573.15 year-on-year[23] - Total equity attributable to shareholders was ¥950,969,993.47, down from ¥982,271,540.74 in the previous year[23] Expenses and Investments - The company increased its marketing expenses due to higher sales personnel costs and advertising efforts, contributing to the rise in sales expenses[10] - The company reported a decrease in R&D expenses as some projects were completed, leading to reduced investment in this area[11] - Research and development expenses were ¥566,890.74, a decrease of 23% from ¥736,179.19 in the same period last year[23] - Payments to employees increased to ¥47,691,987.38, up 44.7% from ¥32,959,148.99 in the same quarter last year[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,051[14] - The largest shareholder, Tianjin Guifaxiang, holds 33.99% of the shares, totaling 68,273,314 shares[14] - The company repurchased 5,525,200 shares, representing 2.75% of the total shares, with a total expenditure of RMB 49,999,551.36[16] Other Information - The company opened a new brand collection store, enhancing market visibility and engagement through various cultural activities[8] - The company has a long-term investment of RMB 40,831.12, down from RMB 43,463.59[19] - The company’s fixed assets decreased slightly from RMB 188,451,770.05 to RMB 187,585,778.96[19] - The company has not undergone an audit for the Q1 2024 report[28] - The company began implementing new accounting standards in 2024, affecting the financial statements[28] - The company plans to focus on market expansion and new product development in the upcoming quarters[24]