峨眉山A(000888) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥253,497,799.59, representing a 6.64% increase compared to ¥237,708,317.24 in the same period last year[5]. - Net profit attributable to shareholders was ¥74,417,768.12, up 6.08% from ¥70,155,772.86 year-on-year[5]. - The company's net profit margin improved, with net profit attributable to shareholders increasing to RMB 1,369,952,120.39, up from RMB 1,295,534,352.27, reflecting a growth of 5.2%[21]. - The net profit for the first quarter of 2024 was CNY 66,158,333.65, an increase of 11.5% compared to CNY 59,211,842.88 in the same period last year[23]. - The operating profit rose to CNY 79,884,831.02, up from CNY 59,118,925.48, reflecting a growth of 35.3% year-over-year[23]. - Total revenue from sales of goods and services was CNY 283,482,079.52, up from CNY 276,177,011.16, indicating a growth of 2.3%[24]. - The total profit for the period was CNY 79,849,821.95, compared to CNY 59,244,862.52, reflecting an increase of 34.9% year-over-year[23]. Cash Flow and Assets - The net cash flow from operating activities decreased by 53.42% to ¥46,858,383.76, down from ¥100,598,691.25 in the previous year[7]. - Cash and cash equivalents at the end of the quarter were RMB 1,386,188,839.52, slightly up from RMB 1,380,360,140.05 at the beginning of the quarter[18]. - Total cash and cash equivalents at the end of the period reached CNY 1,386,175,039.52, compared to CNY 1,047,168,035.59 at the end of the previous year, marking an increase of 32.4%[25]. - The cash outflow from investing activities was CNY 40,367,639.86, down from CNY 55,046,281.83, a decrease of 26.7%[25]. - The net cash flow from financing activities was negative CNY 5,620,992.02, a significant decrease compared to a positive CNY 51,886,364.72 in the previous year[25]. - Total assets at the end of the reporting period were ¥3,276,891,324.54, a 0.72% increase from ¥3,253,585,427.36 at the end of the previous year[5]. - The total liabilities decreased to RMB 807,169,310.15 from RMB 850,021,746.62, indicating a reduction in financial obligations[21]. Inventory and Operational Metrics - The company's inventory increased by 36.06% to ¥50,372,013.31, primarily due to the acquisition of spring tea[7]. - The number of visitors in Q1 2024 was 1.1407 million, maintaining the same level as the previous year, contributing to the revenue growth[7]. - The company reported a decrease in accounts receivable to RMB 36,148,665.96 from RMB 45,734,432.20, indicating improved collection efficiency[18]. - The company has ongoing projects, with construction in progress valued at RMB 43,869,701.86, significantly up from RMB 15,845,610.91 at the beginning of the quarter[20]. Financial Assistance and Legal Matters - The company provided financial assistance of RMB 40 million to its subsidiary Yunnan Tianyou, with an outstanding principal of RMB 31.57 million and interest of RMB 10.24 million remaining unpaid, representing 1.68% of the audited net assets as of 2023[12]. - The company approved financial assistance of up to RMB 50 million to Emei Mountain Cloud Tourism Investment Co., Ltd. to support the daily operations of the "Only Emei Mountain" theater project[14]. - The company has initiated legal proceedings against Yunnan Tianyou for overdue loans, with the court ruling in favor of the company to recover the principal, interest, and penalties[13]. - The company has established a working group to address the overdue financial assistance to Yunnan Tianyou, including multiple reminders and legal actions[13]. - The financial assistance to Yunnan Tianyou represents a strategic move to mitigate risks associated with overdue loans and ensure operational stability[12]. Shareholder and Equity Information - The total equity attributable to shareholders increased by 2.99% to ¥2,564,749,628.40 from ¥2,490,331,860.28 at the end of the previous year[5]. - The top 10 shareholders include Sichuan Emei Mountain Leshan Giant Buddha Tourism Group Co., Ltd. holding 171.72 million shares, accounting for a significant portion of the company's equity[12]. - The company has not disclosed any changes in the participation of major shareholders in margin financing or securities lending activities[12]. - The company has not identified any related party relationships among its major shareholders, ensuring compliance with regulatory requirements[12]. Strategic Planning and Market Expansion - The company plans to continue expanding its market presence and developing new products, although specific figures were not disclosed in the report[20]. - The report indicates that the company is actively managing its financial risks and exploring avenues for market expansion through strategic financial support[14]. - The company has pledged assets for a loan of RMB 560 million, with a maturity date set for December 5, 2036, indicating strategic financial planning[17].