GOLDENHOME(SH:603180)2024-04-25 13:14Financial Performance - The company's operating revenue for Q1 2024 was CNY 640,650,285.74, representing an increase of 11.45% compared to the same period last year[5]. - The net profit attributable to shareholders for Q1 2024 was CNY 36,409,883.67, reflecting an increase of 11.16% year-over-year[5]. - The basic earnings per share for Q1 2024 was CNY 0.24, an increase of 14.29% compared to the previous year[5]. - The total operating revenue for Q1 2024 was CNY 640,650,285.74, representing an increase of 11.43% compared to CNY 574,845,316.06 in Q1 2023[22]. - The net profit for Q1 2024 was CNY 34,820,979.00, compared to CNY 31,438,118.69 in Q1 2023, reflecting an increase of 7.59%[23]. - The gross profit margin for Q1 2024 was approximately 2.71%, slightly down from the previous year's margin[22]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 80.56%, amounting to -CNY 430,629,834.30, primarily due to increased payments for employee salaries and supplier payments during the traditional off-season[5][8]. - Cash inflow from operating activities totaled $551.93 million, a decrease of 11.6% compared to $624.98 million in the previous year[27]. - Cash outflow from operating activities was $982.56 million, up 13.8% from $863.48 million year-over-year[27]. - Net cash flow from operating activities was -$430.63 million, worsening from -$238.49 million in the same quarter last year[27]. - The ending cash and cash equivalents balance was $510.34 million, an increase from $367.07 million year-over-year[28]. - The company's cash and cash equivalents decreased from RMB 788.20 million as of December 31, 2023, to RMB 512.75 million as of March 31, 2024, representing a decline of approximately 34.8%[17]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 5,452,283,067.39, down 8.71% from the end of the previous year[6]. - The total assets decreased to CNY 5,452,283,067.39 in Q1 2024 from CNY 5,972,602,679.01 in Q1 2023, a decline of 8.69%[19]. - The total liabilities decreased to CNY 2,658,995,753.19 in Q1 2024 from CNY 3,195,446,391.33 in Q1 2023, a reduction of 16.77%[19]. - The equity attributable to shareholders increased slightly by 0.51% to CNY 2,782,314,008.85 compared to the end of the previous year[6]. Share Repurchase and Shareholder Value - As of March 31, 2024, the company has repurchased a total of 1,360,038 shares, accounting for 0.88% of the total share capital, with a total transaction amount of approximately RMB 25.65 million[13]. - The company plans to repurchase shares with a total amount not less than RMB 30 million and not exceeding RMB 60 million, with a repurchase price capped at RMB 36.58 per share[12]. - The company is focused on share repurchase for employee stock ownership plans and convertible bond conversions, indicating a strategy to enhance shareholder value[12]. - The company had a total of 11,343 common shareholders at the end of the reporting period[10]. Investments and R&D - The company reported R&D expenses of CNY 34,216,733.94 for Q1 2024, slightly up from CNY 33,376,726.28 in Q1 2023, indicating a focus on innovation[23]. - The company reported non-recurring gains of CNY 22,307,982.35 for the quarter, primarily from government subsidies and other non-operating income[8]. - Cash inflow from investment activities reached $1.91 billion, significantly higher than $1.02 billion in the prior year[28]. - Net cash flow from investment activities was $329.58 million, compared to $52.87 million in the previous year, indicating strong investment returns[28]. Inventory and Receivables - Accounts receivable increased from RMB 150.89 million as of December 31, 2023, to RMB 195.58 million as of March 31, 2024, an increase of approximately 29.7%[17]. - Inventory increased from RMB 498.42 million as of December 31, 2023, to RMB 525.50 million as of March 31, 2024, an increase of approximately 5.4%[17]. - The company reported a significant increase in other receivables from RMB 37.33 million as of December 31, 2023, to RMB 105.62 million as of March 31, 2024, an increase of approximately 183.5%[17]. Future Outlook - The company aims to expand its market presence and enhance product offerings in the upcoming quarters[20].