EBEM(SH:603002)2024-04-28 07:36Financial Performance - Revenue for Q1 2024 was CNY 485,687,906.87, a decrease of 10.77% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 11,877,276.32, down 35.64% year-on-year[5] - Net profit after deducting non-recurring gains and losses decreased by 42.06% to CNY 10,062,350.45[5] - Basic earnings per share decreased by 50.00% to CNY 0.01[5] - The decline in net profit was mainly due to a decrease in product prices, leading to reduced revenue and gross profit margin[9] - Total operating revenue for Q1 2024 was RMB 485,687,906.87, a decrease of 10.7% compared to RMB 544,280,569.11 in Q1 2023[21] - Net profit for Q1 2024 was ¥11.88 million, a decline of 35.6% from ¥18.45 million in Q1 2023[23] - Total operating costs for Q1 2024 were ¥473.74 million, down 9.5% from ¥523.23 million in Q1 2023[22] Cash Flow and Liquidity - Operating cash flow turned negative at CNY -36,553,149.80, a decline of 125.99% compared to the previous year[5] - The net cash flow from operating activities for Q1 2024 was -¥36.55 million, compared to ¥140.62 million in Q1 2023, indicating a significant decrease[26] - Cash and cash equivalents as of March 31, 2024, were RMB 1,749,281,408.97, down from RMB 2,036,570,275.79 at the end of 2023, representing a decline of 14.1%[16] - Cash and cash equivalents at the end of Q1 2024 stood at ¥1.28 billion, down from ¥886.09 million at the end of Q1 2023[28] - The company reported a net cash outflow from investing activities of -¥10.00 million in Q1 2024, an improvement from -¥40.83 million in Q1 2023[27] - The company incurred financing cash outflows of ¥223.84 million in Q1 2024, compared to ¥9.97 million in Q1 2023, indicating increased financing activities[28] - The company received cash from operating activities totaling ¥555.04 million in Q1 2024, a decrease from ¥803.12 million in Q1 2023[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,544,102,428.52, down 3.67% from the end of the previous year[6] - Total current assets decreased to RMB 3,357,650,333.04 from RMB 3,549,976,242.07, reflecting a reduction of 5.4%[17] - Total liabilities decreased to RMB 1,083,450,829.38 from RMB 1,268,571,242.36, indicating a decline of 14.6%[18] - Non-current assets increased slightly to RMB 1,186,452,095.48 from RMB 1,167,115,237.70, showing a growth of 1.9%[17] - The company's total assets as of March 31, 2024, were RMB 4,544,102,428.52, down from RMB 4,717,091,479.77, a decrease of 3.7%[18] - The company reported a decrease in accounts receivable to RMB 544,023,434.36 from RMB 600,762,722.48, a decline of 9.4%[16] Shareholder Information - Shareholders' equity attributable to shareholders increased slightly by 0.35% to CNY 3,460,651,599.14[6] - The total number of ordinary shareholders at the end of the reporting period was 43,897[10] - The company issued 248,574,462 new restricted shares, with 216,659,569 shares becoming tradable on April 18, 2024[13] Inventory and Borrowings - Short-term borrowings significantly decreased to RMB 40,051,981.28 from RMB 216,202,064.00, a reduction of 81.5%[18] - Inventory increased to RMB 129,883,339.72 from RMB 112,956,128.03, reflecting a rise of 15.0%[17] - Other comprehensive income after tax for Q1 2024 was ¥7.22 million, compared to a loss of -¥54.74 million in Q1 2023, showing a positive turnaround[23]