Financial Performance - In Q1 2024, the company's revenue reached 559 million RMB, representing a 30.66% increase compared to the same period in 2023[8] - The gross margin improved by 3.30% to 33.32% in Q1 2024 compared to the previous year[8] - The net profit (after deducting share-based payment expenses) for Q1 2024 was 121 million RMB, a growth of 57.97% year-on-year[8] - The company's revenue for Q1 2024 reached ¥559,160,866.38, representing a 30.66% increase compared to ¥427,964,511.87 in the same period last year[31] - Net profit attributable to shareholders was ¥120,999,957.28, up 57.97% from ¥76,594,613.98 year-on-year[31] - The net profit after deducting non-recurring gains and losses was ¥113,215,885.74, an increase of 82.93% compared to ¥61,891,636.70 in the previous year[31] - Basic earnings per share rose to ¥0.95, reflecting a 58.33% increase from ¥0.60 in the same quarter last year[31] - The total operating revenue for Q1 2024 was CNY 559.16 million, an increase of 30.5% compared to CNY 427.96 million in Q1 2023[48] - The net profit for Q1 2024 reached CNY 121.00 million, representing a 57.0% increase from CNY 76.59 million in Q1 2023[49] Market Presence - 89.36% of the company's products were sold to the United States in Q1 2024[7] - Sales to U.S. retail customers accounted for 58.35% of total revenue, with U.S. market revenue representing 65.28% of the company's total[10] - The company acquired 24 new retail customers in Q1 2024, with 2 being among the top 100 furniture retailers in the U.S.[10] - The company expanded its exhibition space in Las Vegas to over 1,500 square meters, three times larger than before, enhancing brand visibility[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,738,978,028.70, a 5.00% increase from ¥3,560,943,187.30 at the end of the previous year[31] - The total liabilities increased to CNY 617.18 million in Q1 2024, up from CNY 557.23 million in Q1 2023, reflecting a growth of 10.8%[46] - Accounts receivable increased to ¥299,488,170.09 from ¥273,441,683.54, reflecting a growth of about 9.5%[44] - Inventory rose to ¥280,886,535.31 from ¥255,384,514.07, indicating an increase of approximately 9.9%[44] - Total current assets amounted to ¥3,407,673,222.01, up from ¥3,216,741,861.56, showing a growth of around 5.9%[44] Cash Flow - Cash flow from operating activities decreased by 8.46% to ¥76,882,654.63 from ¥83,986,774.28 in the previous year[31] - The company reported a cash inflow from the disposal of fixed assets of ¥801,610.00, indicating ongoing asset management efforts[53] - The cash inflow from operating activities amounted to ¥572,892,264.97, an increase of 54.7% compared to ¥370,246,608.58 in the previous period[51] - The net cash flow from operating activities was ¥76,882,654.63, a decrease of 8.4% from ¥83,986,774.28 in the previous period[51] - The cash inflow from investment activities totaled ¥1,400,153,363.83, down 17.9% from ¥1,706,414,724.26 in the previous period[53] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,811[41] - The largest shareholder, Li Xiaoqin, holds 43.35% of shares, totaling 55,488,000 shares[41] - The company has a significant shareholder, Ningbo Meishan Free Trade Port Area Suiyuxinrui Investment Co., holding 24.15% of shares[41] - The company has not reported any changes in the top 10 shareholders due to margin trading activities[43] - The total number of preferred shareholders is not applicable for this reporting period[43] Research and Development - Research and development expenses for Q1 2024 were CNY 28.47 million, an increase of 15.0% from CNY 24.62 million in the previous year[48] Other Financial Metrics - The company reported a significant increase in prepayments, which rose by 116.22% to ¥7,477,225.92 due to increased advance payments for goods[36] - Short-term borrowings increased to ¥24,477,750.00, marking a 100.00% rise as a result of increased short-term financing[36] - The company experienced a 49.65% increase in tax and additional fees, totaling ¥2,334,484.81, due to higher tax payments[37] - Investment income decreased by 31.72% to ¥8,864,390.26, primarily due to reduced returns from financial product investments[38] - The company reported a decrease in other comprehensive income, with a net loss of CNY 9.19 million in Q1 2024 compared to a loss of CNY 5.57 million in Q1 2023[49] - The total equity attributable to shareholders of the parent company increased to CNY 3.12 billion in Q1 2024, up from CNY 3.00 billion in Q1 2023, reflecting a growth of 3.9%[46]
匠心家居(301061) - 2024 Q1 - 季度财报