海伦钢琴(300329) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 46,230,439.97, a decrease of 38.87% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 3,804,495.70, representing a decline of 210.16% year-over-year[5]. - Basic and diluted earnings per share were both negative CNY 0.0150, down 209.49% from the same period last year[5]. - Net profit for Q1 2024 was a loss of CNY 3,854,100.07, compared to a profit of CNY 3,399,545.75 in Q1 2023, indicating a significant decline in profitability[24]. - The company's operating cash inflow for Q1 2024 was CNY 65,973,456.50, down from CNY 88,182,933.57 in the previous year, representing a decrease of 25.3%[27]. - The total liabilities decreased to CNY 415,433,073.95 from CNY 425,820,128.87, reflecting a decline of 2.3%[22]. - The total equity attributable to shareholders decreased to CNY 832,245,475.23 from CNY 836,049,970.93, a decrease of 0.5%[22]. Cash Flow - The net cash flow from operating activities was negative CNY 43,966,352.11, a decrease of 2,361.89% compared to the previous year[14]. - Total cash outflow from operating activities reached 109,939,808.61, up from 86,239,143.09 in the previous year[28]. - The net cash flow from investing activities improved by 110.52% to CNY 958,445.10, reflecting reduced capital expenditures[14]. - Cash inflow from financing activities was 42,361,088.00, down from 67,154,767.00 in the same quarter last year[28]. - The net cash flow from financing activities improved to 25,302,055.79, compared to a negative flow of -38,873,652.48 in Q1 2023[28]. - The ending cash and cash equivalents balance was 45,530,110.32, a decrease from 47,863,856.83 year-over-year[28]. - The total cash outflow for financing activities was 17,059,032.21, significantly lower than 106,028,419.48 in Q1 2023[28]. - The company reported a cash flow decrease of 17,938,900.36 for the quarter, compared to a decrease of 46,467,384.22 in the previous year[28]. - The cash inflow from investment activities totaled 6,422,740.00, an increase from 4,902,154.60 in Q1 2023[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,247,667,422.10, a decrease of 1.13% from the end of the previous year[5]. - Total current assets amount to 652,924,899.80 RMB, a decrease from 665,114,460.30 RMB at the beginning of the period[21]. - Cash and cash equivalents decreased to 45,530,110.32 RMB from 63,469,010.68 RMB[20]. - Accounts receivable decreased to 129,890,720.65 RMB from 138,924,612.06 RMB[20]. - Total assets amount to 1,247,667,422.10 RMB, down from 1,261,908,577.09 RMB[21]. - Short-term borrowings increased to 286,830,198.00 RMB from 260,097,417.22 RMB[21]. - Total liabilities include accounts payable of 36,921,914.52 RMB, down from 40,908,446.45 RMB[21]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 20,848[17]. - The largest shareholder, Ningbo Beilun Helen Investment Co., Ltd., holds 27.41% of shares, totaling 69,316,800 shares[17]. - The company has no preferred shareholders or related changes in the number of preferred shareholders[18]. Operating Costs and Expenses - Total operating costs for Q1 2024 were CNY 51,929,349.93, down from CNY 75,431,058.27, reflecting a reduction of 31.2%[23]. - Research and development expenses for Q1 2024 were CNY 2,911,130.19, slightly lower than CNY 3,095,659.97 in Q1 2023, showing a decrease of 6.0%[24]. - Selling expenses decreased to CNY 3,182,799.39 from CNY 4,470,687.56, a reduction of 29.0% year-over-year[24]. - The company experienced a 60.95% reduction in financial expenses, mainly due to stable foreign exchange rates[12]. - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 1,018,621.09 from CNY 1,131,590.04, reflecting a focus on managing financial costs[24]. Market Conditions - The decline in revenue was primarily attributed to a decrease in piano sales due to a sluggish domestic market[8]. Audit Information - The company has not undergone an audit for the Q1 2024 report[29].