Financial Performance - The company's revenue for Q1 2024 was CNY 551,028,964.95, representing a 6.61% increase compared to CNY 516,872,987.84 in the same period last year[4] - Net profit attributable to shareholders decreased by 3.74% to CNY 82,086,318.37 from CNY 85,272,222.16 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 80,269,611.56, down 5.14% from CNY 84,618,904.00 in the previous year[4] - Basic and diluted earnings per share were both CNY 0.1857, down 2.47% from CNY 0.1904 in the same period last year[4] - The weighted average return on equity was 5.57%, a decrease of 0.60% from 6.17% in the previous year[4] - Total operating revenue for Q1 2024 reached ¥551,028,964.95, an increase of 6.5% compared to ¥516,872,987.84 in Q1 2023[24] - Net profit for Q1 2024 was ¥82,086,092.97, a decrease of 3.4% from ¥85,272,222.16 in Q1 2023[26] - Earnings per share (EPS) for Q1 2024 was ¥0.1857, down from ¥0.1904 in the same period last year[27] Cash Flow and Assets - The company's cash flow from operating activities improved by 24.36%, reaching -CNY 40,037,105.71 compared to -CNY 52,929,142.30 in the same period last year[4] - The net cash flow from operating activities for Q1 2024 was -40,037,105.71, an improvement from -52,929,142.30 in Q1 2023, indicating a reduction in cash outflow[30] - Cash and cash equivalents at the end of Q1 2024 stood at 469,600,777.72, down from 549,203,795.67 in Q1 2023[30] - The total cash outflow from financing activities was 225,423,469.37, significantly higher than 54,726,643.51 in the same period last year[30] - The company reported a net decrease in cash and cash equivalents of -349,779,902.68 for Q1 2024, compared to -170,385,524.40 in Q1 2023[30] - Total assets at the end of the reporting period were CNY 2,006,900,153.44, a decrease of 9.88% from CNY 2,226,891,150.64 at the end of the previous year[5] - The total assets as of March 31, 2024, were RMB 2.007 billion, down from RMB 2.227 billion at the beginning of the period[21] Shareholder Equity and Liabilities - Shareholders' equity attributable to the parent company decreased by 9.56% to CNY 1,341,649,601.28 from CNY 1,483,490,050.43 at the end of the previous year[5] - The company's total liabilities decreased to ¥665,250,777.56 from ¥743,401,100.21 year-over-year[23] - Total equity attributable to shareholders decreased to ¥1,341,649,601.28 from ¥1,483,490,050.43 in the previous year[23] Revenue Breakdown - Beverage product revenue reached RMB 311 million, accounting for 56.49% of total revenue, with a year-on-year growth of 23.47%; canned product revenue was RMB 220 million, representing 39.84% of total revenue, down 15.86% year-on-year[13] - Coconut juice beverage products generated revenue of RMB 267 million, reflecting a year-on-year growth of 25.96%[14] - Canned fruit products generated revenue of RMB 208 million, a year-on-year decline of 16.8%, with peach canned revenue at RMB 89 million, down 31.91% year-on-year[15] - The overall product gross margin was 38.70%, an increase of 1.84 percentage points year-on-year[13] Strategic Initiatives - The company is focusing on expanding traditional channels and developing B-end and e-commerce businesses, with initial progress in entering snack specialty chains[15] - In Q2 2024, the company plans to continue efforts in terminal network expansion, channel diversification, brand promotion, and supply chain optimization[16] - The company announced a share repurchase plan with a budget of RMB 100 million to RMB 200 million, which has not yet been executed as of March 31, 2024[17] - A second share repurchase plan was approved with a budget of RMB 150 million to RMB 225 million, which has been completed by March 20, 2024[18] Research and Development - Research and development expenses increased to ¥1,014,053.26, up from ¥352,254.54 in Q1 2023, indicating a focus on innovation[24] Other Financial Information - The company reported non-recurring gains of CNY 1,816,706.81, primarily from government subsidies and other income[7] - The company reported a net foreign exchange gain of ¥1,142,486.23, contributing positively to other comprehensive income[26] - Investment income decreased to ¥81,095.89 from ¥119,196.27 in the previous year, reflecting challenges in investment performance[26] - The company has not undergone an audit for the Q1 2024 report[32] - The company is implementing new accounting standards starting in 2024, which may affect financial reporting[31]
欢乐家(300997) - 2024 Q1 - 季度财报