蒙娜丽莎(002918) - 2024 Q1 - 季度财报

Main Financial Data Core Financial Indicators In Q1 2024, the company's operating revenue decreased by 25.72% year-on-year, while net profit attributable to shareholders grew by 39.63%, with net cash flow from operating activities turning positive and increasing by 117.11%, indicating significant operational quality improvement Q1 2024 Key Financial Indicators | Indicator | Current Period (million CNY) | Prior Year Same Period (million CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 818.13 | 1,101.47 | -25.72% | | Net Profit Attributable to Shareholders of the Listed Company | 9.64 | 6.90 | 39.63% | | Net Cash Flow from Operating Activities | 27.87 | -162.84 | 117.11% | | Basic Earnings Per Share (CNY/share) | 0.02 | 0.02 | 0.00% | | Weighted Average Return on Net Assets | 0.28% | 0.21% | 0.07% | | Total Assets (billion CNY) | 9.51 | 9.69 | -1.91% (Period-end vs. Year-start) | | Total Equity Attributable to Shareholders of the Listed Company (billion CNY) | 3.47 | 3.46 | 0.28% (Period-end vs. Year-start) | Analysis of Non-recurring Gains and Losses Total non-recurring gains and losses for the current period amounted to 0.87 million CNY, primarily driven by 4.22 million CNY in government grants, partially offset by asset disposal losses and fair value changes in financial assets Q1 2024 Non-recurring Gains and Losses Items | Item | Amount (million CNY) | Description | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -1.03 | Primarily from asset disposal | | Government Grants Recognized in Current Profit/Loss | 4.22 | Primarily from government awards and subsidies received | | Gains/Losses from Changes in Fair Value of Financial Assets and Liabilities | -1.61 | Primarily from derecognition gains/losses of financial assets | | Other Non-operating Income and Expenses | -0.01 | - | | Total | 0.87 | - | Analysis of Major Financial Data Changes This quarter's financial data changes were primarily influenced by business structure adjustments, with a significant 43.35% decline in engineering strategic business revenue leading to a decrease in total revenue; however, net profit achieved counter-trend growth due to cost control, asset impairment loss reversals, and reduced financial asset discount interest, while cash flow significantly improved due to reduced supply chain factoring and bill acceptance Operating Performance Analysis In Q1 2024, the company's consolidated revenue was 818 million CNY, a 25.72% year-on-year decrease, primarily due to a 43.35% decline in engineering strategic business revenue, yet net profit attributable to shareholders still grew by 39.63% to 9.64 million CNY Revenue Changes by Business Segment | Business Segment | Q1 2024 Revenue (million CNY) | YoY Change | | :--- | :--- | :--- | | Distribution Business | 582.30 | -15.01% | | Engineering Strategic Business | 235.83 | -43.35% | | Consolidated Operating Revenue | 818.13 | -25.72% | Balance Sheet Item Change Analysis Key balance sheet changes at period-end include a 32.52% decrease in contract assets due to the recovery of real estate project quality guarantees, a 35.11% increase in other payables from customer deposits, and a 41.81% decrease in employee compensation payable due to 2023 performance bonus payments Major Balance Sheet Item Changes | Item | Change Rate (%) | Reason for Change | | :--- | :--- | :--- | | Contract Assets | -32.52% | Primarily due to the recovery of real estate project quality guarantees | | Other Payables | 35.11% | Primarily due to an increase in customer product deposits and contract guarantees received | | Employee Compensation Payable | -41.81% | Primarily due to the payment of 2023 employee performance bonuses in the current reporting period | Income Statement Item Change Analysis Key income statement changes include an 82.93% increase in other income due to higher VAT additional deductions, a 211.81% positive change in asset impairment losses due to inventory reduction and reversal, and a 177.58% negative change in credit impairment losses due to provisions Major Income Statement Item Changes | Item | Change Rate (%) | Reason for Change | | :--- | :--- | :--- | | Other Income | 82.93% | Increase in VAT additional deductions in the current reporting period | | Investment Income | 69.41% | Primarily due to a decrease in financial asset discount interest in the current reporting period | | Credit Impairment Losses | -177.58% | Primarily due to the provision for impairment losses in the current reporting period | | Asset Impairment Losses | 211.81% | Primarily due to a decrease in product inventory and reversal of asset impairment losses in the current reporting period | Cash Flow Statement Item Change Analysis Net cash flow from operating activities increased by 117.11% year-on-year, driven by reduced supply chain factoring and commercial bill acceptance; net cash outflow from investing activities decreased by 72.54% due to lower fixed asset construction expenditures; and net cash flow from financing activities turned negative, decreasing by 135.59% year-on-year due to loan repayments Major Cash Flow Statement Item Changes | Item | Change Rate (%) | Reason for Change | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 117.11% | Primarily due to a decrease in supply chain factoring and commercial bill acceptance compared to the prior year | | Net Cash Flow from Investing Activities | 72.54% | Primarily due to a decrease in expenditures for the construction of fixed assets compared to the prior year | | Net Cash Flow from Financing Activities | -135.59% | Primarily due to repayment of borrowings | Shareholder Information Shareholding Status As of the end of the reporting period, the company had 24,552 common shareholders, with the top four shareholders, Xiao Hua, Huo Rongquan, Deng Qitang, and Zhang Qikang, acting in concert and collectively holding 62.76% of the shares, indicating a highly concentrated equity structure, while the National Social Security Fund 413 Portfolio was the fifth largest shareholder with 4.06% - The total number of common shareholders at the end of the reporting period was 24,552[14] - The top four shareholders, Xiao Hua, Huo Rongquan, Deng Qitang, and Zhang Qikang, are parties acting in concert, collectively holding 62.76% of the company's shares, exercising absolute control[14] - The company's dedicated share repurchase account held 6,379,004 shares, accounting for 1.54% of the total share capital, and was not listed among the top 10 shareholders[15] Other Significant Matters During the reporting period, the company's subsidiary completed the purchase of Poly Commercial Building property assets, disclosed new litigation and arbitration cases totaling 327 million CNY, and participated in a venture capital fund investment through a subsidiary - Wholly-owned subsidiary Guangdong Monalisa Smart Home Technology Co., Ltd. completed the purchase of Poly Commercial Building property assets and obtained 24 real estate title certificates[16] - The company and its subsidiaries had new cumulative litigation and arbitration matters totaling 327 million CNY, representing 10.07% of the company's latest audited net assets, with the company as plaintiff in the vast majority of cases (320 million CNY)[17] - Wholly-owned subsidiary Monalisa Investment co-invested with a professional investment institution, acquiring and subscribing for a 10 million CNY capital contribution in Gongqingcheng Yuanzhu Venture Capital Fund at a price of 0 CNY, holding a 5.5556% share of the fund[18] Quarterly Financial Statements Consolidated Balance Sheet As of March 31, 2024, total assets were 9.51 billion CNY, a 1.91% decrease from the year-start; total liabilities were 5.71 billion CNY, a 3.27% decrease; and total equity attributable to the parent company was 3.47 billion CNY, a slight 0.28% increase, maintaining a relatively stable asset-liability structure Balance Sheet Core Data (Unit: billion CNY) | Item | Period-end Balance (2024-03-31, billion CNY) | Year-start Balance (2023-12-31, billion CNY) | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 9.51 | 9.69 | -1.91% | | Total Liabilities | 5.71 | 5.91 | -3.27% | | Total Equity Attributable to Parent Company Owners | 3.47 | 3.46 | 0.28% | Consolidated Income Statement In Q1 2024, the company achieved total operating revenue of 818 million CNY, a 25.72% year-on-year decrease, with total operating costs of 823 million CNY, a 23.73% decrease; despite revenue decline, net profit attributable to parent company owners reached 9.64 million CNY, growing by 39.63% year-on-year, driven by cost control and asset impairment loss reversals Income Statement Core Data (Unit: million CNY) | Item | Current Period Amount (million CNY) | Prior Period Amount (million CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 818.13 | 1,101.47 | -25.72% | | Total Operating Cost | 822.80 | 1,078.84 | -23.73% | | Operating Profit | 12.26 | 15.66 | -21.74% | | Total Profit | 12.25 | 14.88 | -17.72% | | Net Profit Attributable to Parent Company Owners | 9.64 | 6.90 | 39.63% | Consolidated Cash Flow Statement In Q1 2024, net cash flow from operating activities significantly improved to 27.87 million CNY from -163 million CNY in the prior year; net cash outflow from investing activities narrowed to 26.56 million CNY; net cash outflow from financing activities was 49.17 million CNY, a reversal from 138 million CNY net inflow in the prior year due to debt repayment; and period-end cash and cash equivalents balance was 1.95 billion CNY Cash Flow Statement Core Data (Unit: million CNY) | Item | Current Period Amount (million CNY) | Prior Period Amount (million CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 27.87 | -162.84 | 117.11% | | Net Cash Flow from Investing Activities | -26.56 | -96.72 | 72.54% | | Net Cash Flow from Financing Activities | -49.17 | 138.15 | -135.59% | | Period-end Cash and Cash Equivalents Balance (billion CNY) | 1.95 | 1.42 | 37.53% |