森鹰窗业(301227) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥88,569,630.37, representing a 3.22% increase compared to ¥85,802,667.90 in the same period last year[5]. - The net loss attributable to shareholders decreased by 68.59% to ¥1,760,572.88 from ¥5,605,347.99 year-on-year[5]. - Total operating revenue for Q1 2024 was CNY 88,569,630.37, an increase of 3.3% compared to CNY 85,802,667.90 in the previous period[23]. - Net profit for Q1 2024 was a loss of CNY 1,760,572.88, compared to a loss of CNY 5,605,347.99 in the same period last year, indicating an improvement[24]. - The total comprehensive income attributable to the parent company was -1,760,572.88 CNY, compared to -5,605,347.99 CNY in the previous period, indicating an improvement[25]. - Basic and diluted earnings per share were both -0.0186 CNY, an improvement from -0.0591 CNY in the previous period[25]. Cash Flow - The net cash flow from operating activities was negative at ¥-17,537,195.72, a decline of 153.21% compared to ¥32,957,054.42 in the previous year[10]. - Cash inflow from operating activities totaled 144,986,589.22 CNY, down from 163,396,890.20 CNY in the previous period, representing a decrease of approximately 11.5%[27]. - Cash outflow from operating activities was 162,523,784.94 CNY, compared to 130,439,835.78 CNY in the previous period, an increase of about 24.6%[27]. - Cash inflow from investment activities was 70,134,300.83 CNY, a substantial increase from 10,040,138.89 CNY in the previous period[28]. - Cash outflow from investment activities totaled 137,599,909.82 CNY, compared to 18,646,526.66 CNY in the previous period, marking an increase of approximately 638.5%[28]. - The net cash flow from investment activities was -67,465,608.99 CNY, worsening from -8,606,387.77 CNY in the previous period[28]. - Cash inflow from financing activities was 79,000,000.00 CNY, with cash outflow totaling 80,531,941.16 CNY, resulting in a net cash flow from financing activities of -1,531,941.16 CNY[28]. - The ending balance of cash and cash equivalents was 508,829,026.76 CNY, down from 668,281,321.60 CNY in the previous period, a decrease of approximately 23.9%[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,232,687,979.37, down 1.23% from ¥2,260,429,976.07 at the end of the previous year[5]. - Current assets totaled CNY 1,434,988,024.55, down from CNY 1,511,230,023.83 at the start of the period[20]. - Cash and cash equivalents decreased to CNY 715,038,590.35 from CNY 802,737,553.81[20]. - Inventory increased to CNY 100,510,376.78, up from CNY 93,560,464.37, reflecting a 7.5% rise[20]. - Short-term borrowings increased to CNY 271,205,952.78 from CNY 221,178,016.44, a rise of 22.6%[21]. - The total liabilities increased to CNY 437,170,217.56 from CNY 417,264,632.66, reflecting a growth of 4.6%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,425[12]. - The largest shareholder, Bian Shuping, holds 55.42% of the shares, totaling 52,540,000 shares[12]. - The company repurchased a total of 2,918,606 shares, accounting for 3.08% of the current total share capital, with a total transaction amount of RMB 79,990,439.65[17]. - The company plans to use no less than RMB 10 million and no more than RMB 20 million for share repurchase, with at least 30% of the repurchased shares allocated for employee stock ownership plans or equity incentive plans[17]. - As of the report date, the company had 1,894,806 shares held in the repurchase account, representing 2.00% of the total share capital[14]. - The company announced that 425,000 shares, approximately 0.45% of the total share capital, were released from lock-up on March 26, 2024[18]. - The company’s major shareholders include China Construction Bank and China Industrial and Commercial Bank, holding 2,750,409 shares and 1,542,190 shares respectively[13]. - The company’s controlling shareholder is Bian Shuping, with actual controllers being Bian Shuping and Ying Jingfen, who are spouses[13]. - The company’s share repurchase is aimed at maintaining company value and shareholder rights, reflecting confidence in future development prospects[16]. - The company has a total of 61,165,950 restricted shares, with various executives holding significant portions under lock-up agreements[15]. - The company’s stock price performance has influenced the release of lock-up periods for certain shareholders, extending the lock-up period due to price conditions[18]. - The company’s strategic focus includes enhancing shareholder value through share repurchase and potential future growth initiatives[16]. Expenses - The company experienced a 30.93% reduction in financial expenses, amounting to ¥-3,957,846.53, attributed to decreased interest income[10]. - Total operating costs rose to CNY 102,733,947.62, up 18.9% from CNY 86,396,856.00 in the prior period[23]. - The company reported a significant increase in credit impairment losses of CNY 15,692,807.68 compared to a loss of CNY 5,931,113.53 in the previous period[24]. - Other current assets surged by 435.07% to ¥4,084,494.97, primarily due to an increase in input VAT credits[9]. - The company reported a significant increase in prepayments, which rose by 56.80% to ¥24,640,583.18 due to increased payments to suppliers[9].