红豆股份(600400) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 650,334,848.99, a decrease of 0.73% compared to the same period last year[5]. - Total operating revenue for Q1 2024 was CNY 650,334,848.99, a slight decrease of 0.12% compared to CNY 655,097,822.68 in Q1 2023[21]. - Total revenue for the first quarter of 2024 was RMB 60,453.34 million, a decrease of 2.30% compared to the same period last year[15]. - Net profit for Q1 2024 reached CNY 41,927,553.13, an increase of 34.4% from CNY 31,199,195.36 in Q1 2023[22]. - Net profit attributable to shareholders increased by 31.08% to CNY 41,233,806.83, primarily due to gains from the sale of dyeing workshop assets[5][6]. - The company reported an investment income of CNY 13,680,193.11, compared to CNY 9,650,516.22 in the same period last year[22]. - The company reported non-recurring gains of CNY 10,952,822.16, including CNY 10,997,114.61 from the disposal of non-current assets[8]. - In Q1 2024, the company reported a total comprehensive income of CNY 41,407,088.22, a decrease of 6.0% from CNY 44,162,723.84 in Q1 2023[23]. Earnings and Profitability - Basic earnings per share rose by 100.00% to CNY 0.02, reflecting the increase in net profit[6][8]. - The weighted average return on equity increased by 0.34 percentage points to 1.39%[6]. - The gross profit margin for the overall business was 42.78%, which represents an increase of 4.59% year-on-year[15]. - The operating income from direct-operated stores was RMB 21,579.49 million, with a gross margin of 60.40%[14]. - The operating income from franchise stores was RMB 12,558.65 million, with a gross margin of 27.17%[14]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -107,426,018.29, indicating increased payments for goods procurement[6][8]. - The net cash flow from operating activities was negative at CNY -107,426,018.29, compared to a positive CNY 7,382,812.54 in the same period last year, indicating a significant decline[25]. - Cash received from sales of goods and services was CNY 644,199,240.27, down 12.3% from CNY 734,371,180.25 in Q1 2023[25]. - The company’s cash and cash equivalents decreased to CNY 2,260,128,251.91 from CNY 2,476,510,304.94[18]. - Total cash and cash equivalents at the end of Q1 2024 were CNY 1,046,025,377.54, a decrease from CNY 1,196,727,659.37 at the beginning of the quarter[28]. - The company experienced a net cash outflow from financing activities of CNY -43,630,991.57, worsening from CNY -37,874,315.31 in the same quarter last year[28]. - The net cash flow from investing activities was CNY 354,624.55, a significant drop from CNY 10,742,211.34 in the previous year[27]. - Cash inflow from financing activities totaled CNY 32,416,458.33, compared to CNY 20,480,000.00 in Q1 2023, reflecting a 58.5% increase[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,094,646,815.62, a decrease of 3.28% from the end of the previous year[6]. - The company's total assets amounted to CNY 5,094,646,815.62, down from CNY 5,267,393,828.74 in the previous year[19]. - Total liabilities decreased to CNY 2,039,946,079.56 from CNY 2,254,820,296.52 year-over-year[19]. - The equity attributable to shareholders of the parent company increased to CNY 2,995,626,961.73 from CNY 2,954,089,390.51[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 43,630[9]. - The largest shareholder, Hongdou Group Co., Ltd., held 58.82% of the shares, with 1,081,363,000 shares pledged[10]. Sales Performance - HOdo men's clothing achieved operating revenue of CNY 50,127.15 million, a year-on-year increase of 3.08%[6]. - Online sales generated RMB 14,435.36 million, accounting for 23.88% of total revenue, with a gross margin of 51.33%[15]. - Offline sales amounted to RMB 46,017.98 million, representing 76.12% of total revenue, with a gross margin of 40.09%[15]. - The number of direct-operated stores increased from 476 to 481, while franchise stores decreased from 526 to 521, resulting in a total of 1,002 stores[12]. Expenses - Research and development expenses for Q1 2024 were CNY 5,207,368.79, down from CNY 7,268,701.32 in Q1 2023[21]. - The company paid CNY 127,794,212.06 to employees, which is an increase from CNY 124,489,138.84 in Q1 2023[27]. Future Outlook - The company plans to continue expanding its store network and enhancing online sales channels to drive future growth[12].