锦泓集团(603518) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 1,152,852,132.70, representing a decrease of 1.24% compared to the same period last year[6] - Net profit attributable to shareholders was CNY 116,119,649.86, an increase of 13.19% year-on-year[6] - Basic earnings per share were CNY 0.33, up by 10.00% from the same quarter last year[6] - Total revenue for the first quarter of 2024 was CNY 1,144,792,789.13, a decrease of 1.45% compared to the same period last year[16] - Net profit for Q1 2024 increased to CNY 116,119,649.86, compared to CNY 102,585,354.29 in Q1 2023, representing a growth of 13.2%[31] - The company’s operating profit for Q1 2024 was CNY 155,904,220.12, compared to CNY 138,895,471.78 in Q1 2023, indicating an increase of 12.2%[31] - In Q1 2024, the total comprehensive income reached CNY 115,446,939.78, an increase from CNY 102,293,438.30 in Q1 2023, reflecting a growth of approximately 12.3%[32] - Basic and diluted earnings per share for Q1 2024 were CNY 0.33, up from CNY 0.30 in Q1 2023, representing a growth of 10%[32] Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 268,028,812.91, reflecting a growth of 30.07% compared to the previous year[6] - Net cash flow from operating activities was CNY 268,028,812.91, compared to CNY 206,062,939.28 in the same period last year, indicating an increase of about 30.1%[35] - Cash inflow from operating activities totaled CNY 1,147,727,786.90, while cash outflow was CNY 879,698,973.99, resulting in a net cash flow of CNY 268,028,812.91[35] - The ending balance of cash and cash equivalents increased to CNY 636,417,519.71 from CNY 470,122,370.95 year-over-year, marking a growth of approximately 35.4%[37] - The company experienced a foreign exchange impact on cash and cash equivalents of CNY 35,617.93, compared to a negative impact of CNY -271,662.42 in the previous year[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,598,253,501.28, a decrease of 1.12% from the end of the previous year[7] - Total liabilities decreased to CNY 2,087,830,760.36 in Q1 2024 from CNY 2,271,660,841.91 in Q1 2023, indicating a reduction of approximately 8.1%[27] - The company's total assets as of Q1 2024 amounted to CNY 5,598,253,501.28, slightly down from CNY 5,661,827,815.39 at the end of Q1 2023[27] - The total equity attributable to shareholders increased to CNY 3,510,422,740.92 in Q1 2024 from CNY 3,390,166,973.48 in Q1 2023, reflecting a growth of about 3.5%[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,108[12] - The top shareholder, Wang Zhiqin, holds 18.05% of the shares, with a total of 62,659,420 shares pledged[12] Operational Metrics - The gross profit margin for the overall business was 70.19%, reflecting a slight increase of 0.82% year-on-year[16] - The number of physical stores decreased by 8.26% year-on-year, with a total of 1,296 stores at the end of the reporting period[15] - VGRASS brand reported a revenue of CNY 204,334,623.79, down 14.22% year-on-year, with a gross margin of 74.12%[16] - TEENIE WEENIE brand generated CNY 917,656,499.34 in revenue, a slight increase of 0.31% year-on-year, with a gross margin of 69.16%[16] - Online sales accounted for CNY 434,052,030.42 with a gross margin of 65.71%, while offline sales were CNY 710,740,758.71 with a gross margin of 72.92%[17] - The average selling price for VGRASS increased by 1.1% to CNY 3,479, while TEENIE WEENIE's average price rose by 3.2% to CNY 873[18] - The monthly average sales revenue for new VGRASS stores was CNY 54,500, while for existing stores it was CNY 372,000[19] - The monthly average sales revenue for new TEENIE WEENIE stores was CNY 177,300, while existing stores generated CNY 175,700[20] Expenses - Financial expenses decreased by 42% due to a reduction in borrowing scale and interest rates[10] - Research and development expenses for Q1 2024 were CNY 32,443,061.91, up from CNY 27,591,019.53 in Q1 2023, marking an increase of 17.5%[30] - The company reported a decrease in short-term borrowings to CNY 55,040,125.00 in Q1 2024 from CNY 140,163,013.89 in Q1 2023, a reduction of approximately 60.8%[26] - The company reduced short-term borrowings by 61%, repaying CNY 90 million in bank loans[10] Investment Activities - The company reported a net cash outflow from investing activities of CNY -10,358,907.22, an improvement from CNY -21,079,366.04 in Q1 2023[36] - Cash inflow from financing activities was CNY 55,379,386.14, while cash outflow totaled CNY 210,843,411.94, leading to a net cash flow of CNY -155,464,025.80[36] Sales Performance - The total revenue from sales of goods and services in Q1 2024 was CNY 1,142,073,380.43, compared to CNY 1,106,908,108.66 in Q1 2023, reflecting a growth of about 3.2%[35]