丰林集团(601996) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 398.64 million, a decrease of 6.20% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was CNY -1.72 million, a decline of 98.30% year-on-year[5]. - The basic earnings per share were CNY -0.0002, a decrease of 97.78% year-on-year[5]. - The company reported a net loss for Q1 2024, with a gross profit margin of approximately 5.2% compared to the previous year's margin[19]. - In Q1 2024, the company reported a net profit of -67,071.47, compared to a net loss of -10,244,051.54 in Q1 2023, indicating a significant improvement[20]. - Operating profit for Q1 2024 was -636,220.23, an improvement from -9,664,397.56 in the same period last year[20]. - The total comprehensive income for Q1 2024 was -76,300.27, compared to -9,757,226.26 in Q1 2023[21]. - Basic and diluted earnings per share for Q1 2024 were both -0.0002, an improvement from -0.009 in Q1 2023[21]. Cash Flow and Assets - The net cash flow from operating activities was CNY -194.39 million, a significant decrease of 626.90% compared to the previous year[5]. - The net cash flow from operating activities was -194,391,585.24, a decline from a positive cash flow of 36,893,737.99 in Q1 2023[25]. - Cash and cash equivalents decreased to CNY 545,795,753.46 from CNY 700,526,888.02, a decline of 22.1%[14]. - Cash and cash equivalents at the end of Q1 2024 were 499,552,930.02, down from 757,903,369.73 at the end of Q1 2023[26]. - The company reported a net cash outflow from investing activities of -13,838,312.23, compared to a net inflow of 2,529,912.39 in Q1 2023[26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,642.07 million, down 2.47% from the end of the previous year[6]. - Total assets as of March 31, 2024, were CNY 3,642,074,935.85, a decrease of 2.4% from CNY 3,734,196,623.47[16]. - Total liabilities decreased to CNY 774,391,683.37 from CNY 866,437,070.72, a reduction of 10.6%[16]. - Non-current assets totaled CNY 1,925,824,446.25, down 2.4% from CNY 1,972,723,861.43[16]. - The company's equity attributable to shareholders was CNY 2,863,137,142.49, slightly down from CNY 2,863,319,002.50[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,928[11]. - The largest shareholder, Fenglin International Limited, held 40.06% of the shares[11]. Operational Insights - The company plans to continue market expansion and cost reduction strategies to improve profitability amid intense competition[5]. - Total operating revenue for Q1 2024 was CNY 398,643,572.94, a decrease of 6.8% compared to CNY 424,975,219.19 in Q1 2023[19]. - Total operating costs for Q1 2024 were CNY 402,904,274.93, down 8.3% from CNY 439,478,125.59 in Q1 2023[19]. - Accounts receivable increased to CNY 215,197,415.81 from CNY 202,830,850.93, reflecting a growth of 6.8%[15]. - Inventory rose to CNY 781,061,920.61, up 12.4% from CNY 695,060,703.13 in the previous year[15]. - The company incurred research and development expenses of 804,817.97 in Q1 2024, significantly lower than 6,965,349.17 in Q1 2023[20]. - The company raised 260,000,000.00 in borrowings during Q1 2024, compared to 200,000,000.00 in Q1 2023[26]. - Total revenue from sales and services received was 330,018,111.07, down 31.9% from 484,483,910.37 in Q1 2023[24].