天邑股份(300504) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥538,424,354.77, a decrease of 28.95% compared to ¥757,808,620.89 in the same period last year[5] - Net profit attributable to shareholders was ¥18,353,039.96, down 70.26% from ¥61,714,754.42 year-on-year[5] - Basic earnings per share decreased by 69.57% to ¥0.07 from ¥0.23 in the same period last year[5] - Total operating revenue for the current period is ¥538,424,354.77, a decrease of 29.0% compared to ¥757,808,620.89 in the previous period[21] - Net profit for the current period is ¥18,353,039.96, down 70.3% from ¥61,714,754.42 in the previous period[23] - The company reported a total comprehensive income of -¥2,333,035.40, compared to ¥58,234,693.81 in the previous period[23] Cash Flow and Liquidity - The net cash flow from operating activities was -¥201,529,559.63, a decline of 39.25% compared to -¥144,722,458.70 in the previous year[5] - Cash flow from operating activities shows a net outflow of ¥201,529,559.63, compared to a net outflow of ¥144,722,458.70 in the previous period[25] - Cash and cash equivalents dropped significantly from CNY 591,910,208.09 to CNY 303,752,521.79, a decrease of about 48.70%[18] - Cash and cash equivalents at the end of the period decreased to ¥253,440,283.23 from ¥474,221,383.89, a decline of 46.6%[26] Assets and Liabilities - Total assets at the end of the period were ¥2,900,180,629.66, down 4.83% from ¥3,047,221,011.22 at the end of the previous year[5] - Total liabilities decreased from CNY 767,690,061.65 to CNY 623,128,003.92, a decline of approximately 18.83%[19] - The equity attributable to the parent company decreased slightly from CNY 2,279,530,949.57 to CNY 2,277,052,625.74, a decrease of about 0.11%[20] - The company reported a total current asset of CNY 2,284,662,365.75, down from CNY 2,406,056,644.59, a decrease of approximately 5.06%[18] - The non-current assets decreased from CNY 641,164,366.63 to CNY 615,518,263.91, a decline of about 4.01%[19] Accounts Receivable and Inventory - Accounts receivable increased by 32.90% compared to the beginning of the period, indicating lower cash collection from sales[9] - Accounts receivable increased from CNY 448,636,389.42 to CNY 596,247,133.58, reflecting a growth of approximately 33.0%[18] - Inventory decreased from CNY 1,071,578,878.07 to CNY 1,009,124,096.15, a reduction of about 5.82%[18] Expenses - Total operating costs decreased to ¥506,191,618.99 from ¥680,398,815.64, representing a reduction of 25.6%[21] - Financial expenses increased by 165.09% due to exchange rate losses[10] - Other income decreased by 53.69% compared to the previous year, primarily due to a reduction in VAT refunds[10] - The company reported a significant increase in other operating expenses, up 21,797.53% year-on-year, mainly due to contract compensation[10] - Research and development expenses decreased to ¥22,757,582.79 from ¥28,224,089.06, a reduction of 19.4%[21] - The company incurred a financial expense of ¥2,174,724.97, compared to a financial income of -¥3,340,936.10 in the previous period[21] Strategic Outlook - The company has no new strategies or product developments mentioned in the report[9] - The company plans to focus on market expansion and new product development in the upcoming quarters[24]