思林杰(688115) - 2024 Q1 - 季度财报

Major Financial Data Key Accounting Data and Financial Indicators In Q1 2024, the company's operating revenue decreased by 15.96% year-over-year, while net profit attributable to shareholders turned profitable, reaching 2.81 million Yuan, with total assets decreasing by 8.82% from the prior year-end Key Financial Indicators for Q1 2024 | Item | Current Period | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 26,243,560.85 Yuan | -15.96% | | Net Profit Attributable to Shareholders of Listed Company | 2,806,035.56 Yuan | N/A (Turned Profitable) | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 692,001.44 Yuan | N/A (Turned Profitable) | | Net Cash Flow from Operating Activities | -10,799,735.21 Yuan | N/A | | Basic Earnings Per Share (Yuan/share) | 0.04 Yuan | N/A (Turned Profitable) | | Total R&D Expenses | 11,845,032.38 Yuan | -15.88% | | R&D Expenses as % of Operating Revenue (%) | 45.14% | Increased by 0.05 percentage points | Key Balance Sheet Indicators at Period End | Item | Current Period End | Change from Prior Year-End (%) | | :--- | :--- | :--- | | Total Assets | 1,314,924,982.21 Yuan | -8.82% | | Total Equity Attributable to Shareholders of Listed Company | 1,272,450,692.25 Yuan | -1.22% | Non-Recurring Gains and Losses Items and Amounts During the reporting period, the company's total non-recurring gains and losses amounted to 2.11 million Yuan, primarily from fair value changes and disposal gains/losses of financial assets/liabilities, and government grants Non-Recurring Gains and Losses Items for Q1 2024 | Non-Recurring Gains and Losses Item | Amount for Current Period (Yuan) | | :--- | :--- | | Gains/Losses from Financial Assets/Liabilities | 1,771,250.40 | | Government Grants Recognized in Current Profit/Loss | 659,051.71 | | Other Non-Operating Income and Expenses | 38,603.32 | | Less: Income Tax Impact | 354,871.31 | | Total | 2,114,034.12 | Analysis of Changes in Key Financial Indicators The company's net profit turned profitable primarily due to reduced bad debt provisions from terminating accounts receivable factoring, lower year-over-year payroll costs from personnel optimization, and the absence of one-time lease termination expenses from the prior year - Net profit attributable to shareholders of the listed company turned profitable, primarily due to: - Termination of certain accounts receivable factoring, leading to a reduction in bad debt provision accruals[8] - Personnel optimization resulting in a year-over-year decrease in payroll expenses[8] - Absence of one-time decoration expenses recognized in the prior year due to lease terminations[8] Shareholder Information Shareholding Status of Shareholders As of the reporting period end, the company had 7,065 common shareholders, with the top two shareholders, Zhou Maolin (23.59%) and Zhuhai Hengqin Silinjie (13.20%), acting in concert, indicating a relatively concentrated equity structure - As of the end of the reporting period, the company had a total of 7,065 common shareholders[10] Shareholding Status of Top Ten Shareholders | Shareholder Name | Shareholder Nature | Shareholding Percentage (%) | | :--- | :--- | :--- | | Zhou Maolin | Domestic Natural Person | 23.59 | | Zhuhai Hengqin Silinjie Investment Enterprise (Limited Partnership) | Other | 13.20 | | Liu Yang | Domestic Natural Person | 8.86 | | Hengqin Qichuang Tianrui Investment Enterprise (Limited Partnership) | Other | 7.20 | | Shenzhen Hongshengtai No.1 Venture Capital Partnership (Limited Partnership) | Other | 6.23 | | Guangzhou Silinjie Technology Co., Ltd. Repurchase Special Securities Account | Other | 2.40 | | Guangzhou Hongtu Tianke Venture Capital Co., Ltd. | Domestic Non-State-Owned Legal Person | 1.13 | | Shenzhen Capital Group Co., Ltd. | State-Owned Legal Person | 1.09 | | Guangdong Hongtu Venture Capital Co., Ltd. | Domestic Non-State-Owned Legal Person | 1.05 | | Minsheng Securities Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 1.00 | - Explanation of Shareholder Related Relationships: - Zhuhai Hengqin Silinjie Investment Enterprise (Limited Partnership) is the company's employee stock ownership platform, controlled by the controlling shareholder and actual controller, Zhou Maolin[11] - Shenzhen Capital Group Co., Ltd. has equity or management relationships with Guangzhou Hongtu Tianke, Guangdong Hongtu, and Foshan Hongtu Junsheng[11] Other Reminders Other Reminders During the reporting period, the company has no other significant operating information requiring special attention from investors - The company has no other significant information requiring special attention from investors during this reporting period[15] Quarterly Financial Statements Financial Statements This section presents the company's unaudited consolidated balance sheet, income statement, and cash flow statement for Q1 2024, showing decreases in total assets and liabilities, a turn to net profitability, but negative operating cash flow Consolidated Balance Sheet As of March 31, 2024, total assets were 1.31 billion Yuan (down 8.82%), total liabilities were 42.47 million Yuan (down 72.39% due to short-term debt repayment), and equity attributable to shareholders was 1.27 billion Yuan (down 1.22%), with significant decreases in trading financial assets and accounts receivable Major Balance Sheet Item Changes (2024-03-31 vs 2023-12-31) | Item | March 31, 2024 (Yuan) | December 31, 2023 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,314,924,982.21 | 1,442,067,938.96 | -8.82% | | Trading Financial Assets | 30,000,000.00 | 130,000,000.00 | -76.92% | | Accounts Receivable | 132,405,178.80 | 233,374,836.19 | -43.26% | | Total Liabilities | 42,474,289.96 | 153,850,848.25 | -72.39% | | Short-term Borrowings | 10,000,000.00 | 125,000,000.00 | -92.00% | | Total Owners' Equity | 1,272,450,692.25 | 1,288,217,090.71 | -1.22% | Consolidated Income Statement In Q1 2024, operating revenue was 26.24 million Yuan (down 15.96% YoY), but net profit turned profitable from a 10.22 million Yuan loss to a 2.81 million Yuan gain, driven by a 10.8% decrease in total operating costs and a 10.01 million Yuan credit impairment loss reversal Major Income Statement Item Comparison (2024 Q1 vs 2023 Q1) | Item | Q1 2024 (Yuan) | Q1 2023 (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 26,243,560.85 | 31,228,326.28 | -15.96% | | Total Operating Costs | 35,537,854.94 | 39,852,402.09 | -10.83% | | R&D Expenses | 11,845,032.38 | 14,081,403.26 | -15.88% | | Credit Impairment Losses | 10,005,121.79 | -1,633,946.89 | Turned Profitable | | Operating Profit | 2,128,828.66 | -10,699,884.33 | Turned Profitable | | Net Profit | 2,806,035.56 | -10,225,552.16 | Turned Profitable | | Basic Earnings Per Share (Yuan/share) | 0.04 | -0.15 | Turned Profitable | Consolidated Cash Flow Statement In Q1 2024, net cash flow from operating activities was -10.80 million Yuan, while net cash flow from investing activities was 95.38 million Yuan (primarily from investment recovery), and net cash flow from financing activities was -21.53 million Yuan, resulting in a net increase of 63.16 million Yuan in cash and cash equivalents Major Cash Flow Statement Item Comparison (2024 Q1 vs 2023 Q1) | Item | Q1 2024 (Yuan) | Q1 2023 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -10,799,735.21 | -12,468,709.80 | | Net Cash Flow from Investing Activities | 95,378,497.89 | -46,134,024.94 | | Net Cash Flow from Financing Activities | -21,533,525.94 | 113,420,265.71 | | Net Increase in Cash and Cash Equivalents | 63,161,643.90 | 54,446,190.83 | - Cash inflow from investing activities primarily resulted from 549 million Yuan received from investment recovery, while cash paid for investments amounted to 449 million Yuan[27]