Financial Performance - The company's revenue for Q1 2024 was ¥159,578,709.70, a decrease of 3.60% compared to ¥165,538,031.11 in the same period last year[5]. - Net profit attributable to shareholders increased by 105.56% to ¥26,343,302.82 from ¥12,815,335.53 year-on-year[5]. - Total operating revenue for Q1 2024 was CNY 159,578,709.70, a decrease of 3.8% compared to CNY 165,538,031.11 in the same period last year[17]. - Net profit for Q1 2024 was CNY 26,343,302.82, representing a significant increase of 105.5% compared to CNY 12,815,335.53 in Q1 2023[19]. - Basic and diluted earnings per share rose by 63.64% to ¥0.18 from ¥0.11 in the previous year[5]. - Basic and diluted earnings per share increased to CNY 0.18, up from CNY 0.11 in the previous year[20]. - Total operating costs decreased to CNY 144,445,682.28, down 8.6% from CNY 158,004,377.59 year-over-year[17]. Cash Flow and Investments - The net cash flow from operating activities was negative at -¥9,944,901.82, a decline of 453.74% compared to a positive cash flow of ¥2,811,348.00 in Q1 2023[5]. - Cash flow from operating activities showed a net outflow of CNY 9,944,901.82, compared to a net inflow of CNY 2,811,348.00 in the same quarter last year[20]. - The net cash flow from investment activities was -101,502,932.21 CNY, compared to -111,996,059.73 CNY in the previous period, indicating a slight improvement[21]. - Cash inflow from financing activities totaled 84,261,065.93 CNY, slightly down from 85,200,000.00 CNY in the previous period[21]. - The net cash flow from financing activities was 43,596,934.99 CNY, compared to 84,238,574.36 CNY in the previous period, showing a significant decrease[21]. - The total cash and cash equivalents at the end of the period were 264,081,197.20 CNY, up from 202,428,828.05 CNY in the previous period[21]. - The net increase in cash and cash equivalents was -66,147,991.05 CNY, compared to -26,207,584.72 CNY in the previous period, indicating a worsening cash position[21]. Assets and Liabilities - Total assets as of March 31, 2024, were ¥2,145,485,448.11, showing no significant change from ¥2,145,463,745.68 at the end of the previous year[5]. - The total assets of Zhejiang True Love Home Co., Ltd. as of March 31, 2024, amounted to CNY 2,145,485,448.11, showing a slight increase from CNY 2,145,463,745.68 at the beginning of the period[14]. - Current assets decreased from CNY 750,502,978.84 to CNY 699,816,694.85, primarily due to a reduction in cash and cash equivalents from CNY 332,645,748.25 to CNY 267,267,677.70[14]. - Total liabilities decreased from CNY 815,352,984.22 to CNY 789,031,383.83, a reduction of approximately 3.2%[15]. - The company's total liabilities decreased by 34.96% in accounts payable, reflecting the completion of engineering projects and increased payments[9]. - Long-term borrowings increased from CNY 303,802,569.00 to CNY 364,038,634.93, representing a growth of about 19.7%[15]. - The company's total equity remains stable, reflecting a consistent financial position despite fluctuations in assets and liabilities[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,465, with the largest shareholder holding 46.37% of the shares[10]. - There are no significant changes reported in the shareholding structure among the top shareholders, maintaining stability in ownership[12]. Other Income and Expenses - The company reported a significant increase in other income, which rose by 2430.27% to ¥11,314,990.39 due to government subsidies received[9]. - Other income increased significantly to CNY 11,314,990.39, compared to CNY 447,184.88 in the same period last year[17]. - Research and development expenses rose to CNY 12,167,787.70, an increase of 19.6% from CNY 10,174,971.83 in the previous year[17]. - The company reported a financial income of CNY -2,713,381.23, a notable improvement from CNY 3,225,358.89 in the previous year[17]. Strategic Focus - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[13]. - The company aims to enhance market expansion and product development strategies in the upcoming quarters[19]. Audit Information - The company did not undergo an audit for the first quarter report[22].
真爱美家(003041) - 2024 Q1 - 季度财报