同庆楼(605108) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 690,989,631.35, representing a year-on-year increase of 28.01%[5] - The net profit attributable to shareholders decreased by 8.84% year-on-year, amounting to CNY 65,899,122.60, primarily due to non-recurring gains from the previous year[7] - The net profit after deducting non-recurring gains increased by 5.32% year-on-year, reaching CNY 64,498,590.44[5] - The net profit for Q1 2024 was CNY 65,899,122.60, a decrease of 8.8% compared to CNY 72,289,459.45 in Q1 2023[23] - Basic earnings per share for Q1 2024 were CNY 0.25, down from CNY 0.28 in Q1 2023[24] - The company reported a net profit margin of approximately 12.04% for Q1 2024, indicating stable profitability despite rising costs[22] Revenue and Costs - Total revenue for Q1 2024 reached ¥690,989,631.35, an increase of 28.06% compared to ¥539,794,636.79 in Q1 2023[22] - Total operating costs for Q1 2024 were ¥607,732,381.95, up 30.88% from ¥464,401,164.74 in Q1 2023[22] - Gross profit for Q1 2024 was ¥83,257,249.40, reflecting a gross margin of approximately 12.04%[22] Cash Flow - The company reported a net cash flow from operating activities of CNY 188,770,860.67, which decreased by 21.66% year-on-year[5] - Cash inflow from operating activities totaled CNY 770,868,798.70, an increase of 26.6% from CNY 608,763,237.11 in the previous year[25] - The net cash flow from operating activities was CNY 188,770,860.67, a decrease of 21.6% compared to CNY 240,949,647.29 in Q1 2023[25] - Cash outflow from investing activities was CNY 523,472,183.78, compared to CNY 292,699,013.79 in the same period last year, indicating increased investment[26] - The net cash flow from financing activities was CNY 275,071,176.53, compared to a negative CNY 18,547,793.85 in Q1 2023, showing improved financing[26] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 4,507,143,409.62, an increase of 13.14% compared to the end of the previous year[6] - Total liabilities rose to ¥2,200,436,668.33 in Q1 2024, up from ¥1,742,853,508.94 in Q4 2023, an increase of 26.25%[20] - Cash and cash equivalents decreased to ¥64,089,717.66 from ¥122,399,025.36, a decline of 47.7%[19] - Accounts receivable rose by 95.41% attributed to the expansion of food business and outstanding platform payments[12] - Accounts receivable increased significantly to ¥66,158,394.01 from ¥33,855,981.18, marking a growth of 95.4%[19] Investments and Growth Strategy - The company invested approximately CNY 450,000 in marketing and digital construction in Q1 2024 to support future growth[7] - The company opened three new large-scale stores in Q1 2024, contributing an additional revenue of CNY 86,090,000[6] - The company is focusing on a "three-wheel drive" strategy, integrating restaurant, hotel, and food businesses to enhance competitiveness and drive growth[9] - The company anticipates continued revenue growth due to urbanization trends and increasing demand for dining services in China[8] - The company has made significant investments in new store projects, leading to a 41.17% increase in construction in progress[12] Expenses - Sales expenses grew by 95.26% as the company increased market investments to expand its food business[13] - Financial expenses rose by 96.16% due to increased lease interest amortization and higher interest expenses from new stores[13] - Research and development expenses decreased to ¥325,206.54 in Q1 2024 from ¥446,141.59 in Q1 2023, a reduction of 27.14%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,473[15] - The largest shareholder, Ma'anshan Putian Investment Development Co., Ltd., holds 37.55% of the shares[15]