徐家汇(002561) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥134,635,731.57, a decrease of 11.14% compared to ¥151,508,511.37 in the same period last year[4] - Net profit attributable to shareholders was ¥10,968,696.68, down 45.08% from ¥19,971,713.78 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥7,477,602.98, down 57.60% from ¥17,634,857.28 year-on-year[4] - Net profit for Q1 2024 was CNY 13.20 million, a decline of 42.55% from CNY 22.96 million in Q1 2023[21] - Basic and diluted earnings per share decreased by 40.00%, from ¥0.05 to ¥0.03[4] - Basic earnings per share for Q1 2024 were CNY 0.03, down from CNY 0.05 in Q1 2023[21] - The weighted average return on equity decreased by 0.40 percentage points to 0.49%[4] - The gross profit margin for Q1 2024 was approximately 58.80%, compared to 56.36% in Q1 2023[18] Cash Flow and Liquidity - The net cash flow from operating activities was ¥4,477,794.69, representing a significant decline of 94.83% compared to ¥86,575,627.26 in the previous year[4] - The cash inflow from operating activities was CNY 415,625,088.71, a decrease of 14.2% compared to CNY 484,701,757.34 in the previous period[23] - The net cash flow from operating activities was CNY 4,477,794.69, significantly down from CNY 86,575,627.26 in the previous period, indicating a decline of 94.8%[23] - The cash and cash equivalents at the end of the period were CNY 992,678,515.61, a decrease from CNY 1,422,838,258.61 at the beginning of the period[24] - The company reported a significant decrease in cash flow from operating activities, which may impact future liquidity and operational strategies[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,750,266,180.03, a decrease of 0.95% from ¥2,776,652,067.94 at the end of the previous year[4] - The company's total assets decreased to CNY 2.75 billion in Q1 2024 from CNY 2.78 billion in Q1 2023, reflecting a reduction of 0.92%[17] - Total liabilities decreased to CNY 435.14 million in Q1 2024 from CNY 474.89 million in Q1 2023, a decline of 8.35%[16] - The company reported a total equity of CNY 2.32 billion in Q1 2024, slightly up from CNY 2.30 billion in Q1 2023[17] Investment Activities - The company initiated the Shanghai Liubai Urban Renewal Project, focusing on mall closure and demolition, with adjustments made to the investment plan to enhance project efficiency[12] - The cash outflow from investment activities totaled CNY 566,206,746.14, compared to CNY 142,220,739.37 in the previous period, marking an increase of 297.5%[24] - The net cash flow from investment activities was -CNY 426,068,061.21, contrasting with a positive CNY 139,019.53 in the previous period[24] - The company is focusing on investment activities, as indicated by the substantial increase in cash outflow for investments, which may suggest a strategy for expansion or acquisition[24] Shareholder Information - The company reported a total of 48,021 common shareholders at the end of the reporting period[10] Non-Recurring Gains - Non-recurring gains totaled ¥3,491,093.70, primarily from financial asset management and government subsidies[6] Accounting and Audit - The company did not execute any new accounting standards for the first quarter of 2024[25] - The first quarter report was not audited, indicating a lack of external verification for the financial data presented[25] Research and Development - Research and development expenses for Q1 2024 were CNY 632.53 thousand, a decrease of 17.91% from CNY 770.53 thousand in Q1 2023[18]