岭南控股(000524) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥901,432,919.71, representing an increase of 89.02% compared to ¥476,906,649.58 in the same period last year[5]. - Net profit attributable to shareholders was ¥24,112,453.12, a significant increase of 176.89% from ¥8,708,390.69 year-on-year[5]. - The net profit excluding non-recurring gains and losses was ¥24,048,786.18, up 239.54% from ¥7,082,844.39 in the previous year[5]. - Basic and diluted earnings per share increased to ¥0.036, up 176.92% from ¥0.013 in the previous year[5]. - Operating revenue for the period was CNY 1,215,210,014.80, reflecting an 82.65% growth year-over-year[9]. - Total operating revenue for Q1 2024 reached ¥901,432,919.71, a significant increase of 88.7% compared to ¥476,906,649.58 in the same period last year[21]. - Operating profit for Q1 2024 was ¥29,610,159.17, up 158.5% from ¥11,454,607.35 in Q1 2023[21]. - Total comprehensive income for Q1 2024 was ¥18,372,419.68, compared to ¥1,645,631.23 in Q1 2023, indicating a substantial improvement[23]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of ¥16,333,209.43, a decrease of 172.81% compared to a net inflow of ¥22,431,541.53 in the same period last year[5]. - Cash flow from operating activities showed a net decrease of CNY 16,333,209.43, a decline of 172.81% compared to the previous year[9]. - The company reported a cash and cash equivalents net decrease of CNY 37,239,514.65, a drop of 781.83% year-over-year[9]. - The cash and cash equivalents at the end of Q1 2024 were ¥1,291,330,622.10, down from ¥1,328,570,136.75 at the beginning of the quarter[26]. - The company incurred a net cash outflow from investing activities of ¥17,725,875.80, compared to a net outflow of ¥25,080,034.84 in Q1 2023[25]. Operating Costs and Expenses - The company's operating costs rose to ¥713,533,320.63, an increase of 103.60% compared to ¥350,458,928.04 in the same period last year, driven by higher revenue[8]. - Sales expenses increased by 77.73% to ¥68,583,106.59 from ¥38,588,310.62 year-on-year, correlating with the rise in operating income[8]. - The company reported a total operating cost of ¥871,857,134.88, which is an increase of 86.0% from ¥468,535,283.99 in the previous year[21]. - Income tax expenses surged to CNY 4,985,417.94, marking a 669.51% increase due to higher profitability[9]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,368,251,823.28, reflecting a slight increase of 0.96% from ¥3,336,092,397.71 at the end of the previous year[5]. - The company's total liabilities as of March 31, 2024, were CNY 1,223,811,877.95, compared to CNY 1,210,171,406.91 at the start of the quarter[18]. - The total equity attributable to the owners of the parent company increased to CNY 2,118,259,170.36 from CNY 2,100,442,053.16[19]. - The cash and cash equivalents decreased to CNY 1,315,111,405.02 from CNY 1,345,113,074.76[17]. - Accounts receivable increased to CNY 134,679,976.70 from CNY 126,443,656.96, indicating a growth of approximately 6.5%[17]. - The company’s inventory rose to CNY 13,264,706.93 from CNY 12,459,755.12, reflecting an increase of about 6.4%[17]. - The non-current assets totaled CNY 1,675,078,927.02, slightly up from CNY 1,666,588,370.38[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 35,365[11]. - The largest shareholder, Guangzhou Lingnan International Enterprise Group Co., Ltd., holds 45.12% of the shares[11]. Strategic Initiatives - The company plans to continue expanding its market presence and enhancing its service offerings in the hospitality sector[9]. - The company provided financial assistance to its wholly-owned subsidiaries, totaling CNY 100 million for Huayuan Hotel, CNY 420 million for China Grand Hotel, CNY 30 million for Lingnan Hotel, and CNY 6 million for Guangzhou Dongfang Automobile Co., Ltd.[14]. - The company’s subsidiary, Guangzhilv, was approved to apply for a comprehensive credit line of CNY 130 million from Bank of China, which is available for use from March 12, 2024, to March 11, 2026[15].