华孚时尚(002042) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 3,924,089,988.79, a decrease of 13.43% compared to CNY 4,532,846,687.35 in the same period last year[5] - Net profit attributable to shareholders was CNY 13,494,498.49, down 74.04% from CNY 51,972,113.03 year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY 9,357,306.36, representing an 81.23% decline from CNY 49,839,611.97 in the previous year[5] - The decline in net profit was mainly attributed to reduced gross margins due to order impacts[8] - Total operating revenue for Q1 2024 was CNY 3,924,089,988.79, a decrease of 13.5% compared to CNY 4,532,846,687.35 in the same period last year[22] - Net profit for Q1 2024 was CNY 16,448,514.10, a decline of 69.5% compared to CNY 53,792,700.72 in Q1 2023[23] - The company reported a decrease in comprehensive income, totaling CNY -10,943,211.09 for Q1 2024, compared to CNY -2,315,258.37 in the same quarter last year[23] Cash Flow and Assets - The net cash flow from operating activities was CNY 77,586,657.20, a significant drop of 81.94% compared to CNY 429,659,649.05 in the same quarter last year[5] - The company's cash and cash equivalents at the end of the first quarter amounted to RMB 2,650,410,905.37, showing a slight increase from RMB 2,636,623,050.27 at the beginning of the quarter[19] - The ending balance of cash and cash equivalents was CNY 1,731,362,565.28, a decrease from CNY 1,865,829,903.41 in Q1 2023[25] - Total cash inflow from operating activities was CNY 4,553,422,796.08, down 15.6% from CNY 5,396,043,598.62 in Q1 2023[24] - Cash outflow from investing activities was CNY 442,939,541.57, compared to CNY 499,553,228.79 in the same period last year[25] - Net cash flow from investing activities was -CNY 243,752,814.16, a decline from CNY 115,443,185.27 in Q1 2023[25] - Cash inflow from financing activities totaled CNY 2,045,759,408.58, down 33.7% from CNY 3,086,460,612.37 in Q1 2023[25] - Net cash flow from financing activities was -CNY 296,954,642.33, an improvement from -CNY 518,624,663.36 in the previous year[25] Shareholder Information - The company had a total of 38,260 common shareholders at the end of the reporting period[11] - The company plans to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million, with a maximum repurchase price of RMB 5.5 per share[13] - As of February 7, 2024, the company has repurchased a total of 33,999,171 shares, accounting for 2.00% of the total share capital, with a total transaction amount of RMB 98,343,553.86[16] - By March 31, 2024, the total number of shares repurchased reached 34,249,171, representing 2.01% of the total share capital, with a total transaction amount of RMB 99,318,553.86[18] - The company is actively engaging in share repurchase activities to maintain its value and protect shareholder interests[13] Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,676,951,199.64, an increase of 3.73% from CNY 17,041,273,022.84 at the end of the previous year[5] - Total liabilities rose to CNY 11,338,765,774.11, compared to CNY 10,592,757,927.38 in the previous year[21] - The company's equity attributable to shareholders decreased to CNY 6,043,337,726.03 from CNY 6,156,565,539.90 year-over-year[21] - Accounts receivable increased to RMB 1,225,597,584.99 from RMB 1,004,058,465.64, indicating a growth of approximately 22%[19] - Inventory at the end of the quarter was RMB 5,034,780,491.37, slightly up from RMB 5,007,466,587.13 at the beginning of the quarter[19] - The company’s total current assets reached RMB 10,457,863,200.75, an increase from RMB 9,910,283,069.91 at the beginning of the quarter[19] - Long-term equity investments remained stable at RMB 326,671,950.43, compared to RMB 326,084,172.45 at the beginning of the quarter[19] Research and Development - Research and development expenses for Q1 2024 were CNY 29,106,451.66, a decrease of 23.2% from CNY 37,878,963.85 in Q1 2023[22] Other Information - The company has not reported any significant changes in its major shareholders or their participation in margin trading[12] - The company has not provided specific guidance for future performance or new product developments in the report[22] - The company did not undergo an audit for the Q1 2024 report[26] - The report indicates the first-time implementation of new accounting standards starting in 2024[26]