桂林三金(002275) - 2024 Q1 - 季度财报(更正)

Financial Performance - The company's revenue for Q1 2024 was ¥482,586,774.29, a decrease of 32.59% compared to ¥715,925,262.60 in the same period last year[5] - Net profit attributable to shareholders was ¥100,017,772.21, down 40.90% from ¥169,225,122.04 year-on-year[5] - Basic and diluted earnings per share were both ¥0.17, a decline of 41.38% compared to ¥0.29 in the same period last year[5] - The company experienced a 40.73% decline in operating profit, which was ¥127,229,268.83 compared to ¥214,661,670.74 in the previous year[8] - The total operating profit for Q1 2024 was CNY 127,229,268.83, down from CNY 214,661,670.74 in Q1 2023, indicating a decrease of about 41%[21] - The company reported a total comprehensive income of CNY 90,746,847.26 for Q1 2024, down from CNY 167,284,723.54 in Q1 2023, reflecting a decline of approximately 46%[22] Cash Flow and Assets - The net cash flow from operating activities decreased by 53.81% to ¥25,053,971.39 from ¥54,238,486.87 in the previous year[5] - Cash and cash equivalents at the end of Q1 2024 were ¥932,852,847.46, down 12.0% from ¥1,058,103,450.21 at the beginning of the period[17] - Cash received from investment recoveries increased by 577.47% to CNY 98,233,132, attributed to the redemption of financial products[9] - The net cash flow from investing activities was negative at CNY -116,407,282.55, compared to CNY -68,739,822.89 in the previous year, indicating a worsening of cash outflow[23] Expenses and Liabilities - Total operating costs for Q1 2024 were ¥354,632,534.26, down 29.1% from ¥500,559,789.53 in Q1 2023[19] - Income tax expenses fell by 40.36% to CNY 27,176,510, reflecting a year-on-year decline in revenue and profit[9] - The company's operating expenses decreased by 35.41% to CNY 74,949,690 compared to the previous period, mainly due to higher donation expenses last year[9] - Total liabilities decreased to ¥898,601,729.13, down 19.7% from ¥1,119,082,599.87 at the beginning of the year[18] Accounts Receivable and Impairment - Accounts receivable increased by 163.91% to ¥208,759,775.18, primarily due to annual credit granted to distributors[8] - The company incurred a credit impairment loss of CNY 13,516,871.34 during the quarter, compared to CNY 7,285,965.25 in the same period last year, reflecting an increase of approximately 85%[21] Shareholder Information and Future Plans - The total number of ordinary shareholders at the end of the reporting period was 20,015, with the largest shareholder holding 62.07%[11] - The company plans to unlock 6,147,976 shares from the first employee stock ownership plan, representing 1.05% of the total share capital[13] - The actual controller and chairman, Zou Xun, announced a plan to increase his shareholding by at least CNY 5 million within six months, reflecting confidence in the company's future[14] - The company plans to focus on market expansion and new product development in the upcoming quarters[19] Research and Development - Research and development expenses decreased by 54.78% to ¥33,086,145.88 from ¥73,161,443.46 in the previous year[8] - Research and development expenses decreased to ¥33,086,145.88, a reduction of 54.8% from ¥73,161,443.46 in the previous year[19] Other Financial Metrics - The weighted average return on equity was 3.44%, down from 5.84% in the same period last year[5] - The company reported a significant increase in asset disposal gains, amounting to ¥4,553,284.87, compared to a loss of ¥1,490,061.62 in the previous year[8] - The company reported a foreign exchange gain of CNY 98,307.26, compared to a loss of CNY -1,940,398.50 in the previous year, showing a significant improvement[23] - The company reported a significant increase in accounts receivable, which rose to ¥208,759,775.18 from ¥79,102,613.44, indicating a potential increase in sales or credit terms[17]