HOMEY(SH:600467)2024-04-26 07:52Financial Performance - The company's operating revenue for Q1 2024 was CNY 225,285,572.71, representing a decrease of 7.23% compared to the same period last year [5] - The net profit attributable to shareholders was CNY 7,450,943.60, a decline of 1.06% year-on-year [5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -9,537,243.08, reflecting a significant decrease of 490.58% compared to the previous year [5] - Net profit for Q1 2024 was CNY 7,257,991.01, a decrease of 19.5% from CNY 9,021,763.33 in Q1 2023 [19] - The total comprehensive income for the company in Q1 2024 was negative CNY 69.48 million, compared to negative CNY 7.22 million in Q1 2023 [32] Cash Flow - The net cash flow from operating activities increased by 51.07% to CNY 33,657,476.36 [5] - The company reported a net cash flow from operating activities of CNY 33,657,476.36, an increase of 50.9% compared to CNY 22,279,643.21 in Q1 2023 [23] - The net cash flow from operating activities for Q1 2024 was CNY 8.38 million, down 44.8% from CNY 15.21 million in Q1 2023 [33] - The cash inflow from other operating activities was CNY 196.02 million in Q1 2024, up from CNY 170.14 million in Q1 2023, reflecting a growth of 15.2% [33] - The cash flow from financing activities for Q1 2024 was a net inflow of CNY 58,163,293.33, compared to CNY 5,465,876.75 in the same period last year [24] - The net cash flow from financing activities was negative CNY 35.77 million in Q1 2024, slightly worse than negative CNY 31.36 million in Q1 2023 [34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,877,759,856.04, up 3.33% from the end of the previous year [6] - The company's total assets amounted to CNY 6,877,759,856.04, up from CNY 6,655,975,615.04 year-over-year [17] - The total current assets as of March 31, 2024, were CNY 2,165,303,691.60, an increase from CNY 1,880,421,959.96 at the end of 2023, indicating a growth of 15.1% [26] - Total liabilities were reported at CNY 3,484,446,665.33, up from CNY 3,269,920,415.34, which is an increase of about 6.55% [16] - The total liabilities as of March 31, 2024, were CNY 3,288,688,355.50, an increase from CNY 3,018,811,578.86 at the end of 2023 [27] Shareholder Information - The number of shareholders with voting rights at the end of the reporting period was 67,345, indicating a stable shareholder base [12] - The largest shareholder, Haodangjia Group Co., Ltd., holds 39.25% of the shares, with 573,470,990 shares pledged [12] - The company has no significant changes in the participation of major shareholders in margin financing or securities lending activities [12] Expenses - Research and development expenses surged by 321.19%, primarily due to increased wages and material costs [8] - Research and development expenses rose significantly to CNY 2,241,521.49, compared to CNY 532,189.35 in the previous year, marking a 320.5% increase [18] - The company reported a significant increase in marketing expenses by 32.98% due to the opening of new specialty stores [8] - Total operating costs increased to CNY 240,379,356.61, up 1.2% from CNY 236,487,865.61 in the same period last year [18] Cash and Cash Equivalents - Cash and cash equivalents increased by 48.36%, mainly due to an increase in bank bill guarantees [8] - Cash and cash equivalents stood at CNY 711,580,722.99, compared to CNY 479,642,553.20 in the previous period, representing a significant increase of approximately 48.36% [14] - The company's cash and cash equivalents at the end of Q1 2024 were CNY 84,017,694.48, down from CNY 113,547,083.12 at the beginning of the quarter, representing a decrease of 26.0% [24] - The company's cash and cash equivalents at the end of Q1 2024 stood at CNY 60.95 million, an increase from CNY 57.92 million at the end of Q1 2023 [34]