Ganso(SH:603886)2024-04-28 07:51Financial Performance - The company's operating revenue for Q1 2024 was CNY 420,968,671.40, representing a decrease of 5.96% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of CNY 8,394,514.37, with a basic earnings per share of -0.03 yuan[5][6]. - The company reported a net loss in Q1 2024, with operating costs exceeding revenues[21]. - In Q1 2024, the company reported a net profit of -8,392,011.51, compared to -8,802,882.49 in Q1 2023, showing a slight improvement[22]. - The company’s total comprehensive income for Q1 2024 was -10,864,368.96, compared to -9,986,131.40 in Q1 2023[23]. - Basic and diluted earnings per share were both -0.03, slightly better than -0.04 in the same quarter last year[23]. Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 12,565,622.77, indicating a negative cash flow situation[5]. - The net cash flow from operating activities was -12,565,622.77, a significant decline from 2,083,017.26 in Q1 2023[26]. - Investment activities generated a net cash outflow of -39,946,221.84, compared to -255,085,082.53 in the previous year, indicating a reduced loss[28]. - The company’s cash and cash equivalents at the end of Q1 2024 were 230,618,928.76, compared to 199,304,601.14 at the end of Q1 2023, showing an increase[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,091,122,424.65, down 1.93% from the end of the previous year[6]. - Total assets as of March 31, 2024, were RMB 3,091,122,424.65, down from RMB 3,152,048,448.54[18]. - Total liabilities decreased to RMB 1,441,401,079.85 from RMB 1,491,462,734.78, a reduction of 3.4%[19]. - Non-current assets totaled RMB 1,318,195,647.64, down from RMB 1,339,719,199.67, a decrease of 1.0%[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,962[12]. - The largest shareholder, Yuanzhu International Co., Ltd., holds 49.50% of the shares, totaling 118,791,000 shares[13]. Revenue and Costs - Total operating revenue for Q1 2024 was RMB 420,968,671.40, a decrease of 5.5% compared to RMB 447,667,887.73 in Q1 2023[21]. - Total operating costs for Q1 2024 were RMB 425,421,013.65, down 6.8% from RMB 456,637,092.84 in Q1 2023[21]. - Total revenue from sales of goods and services was 544,016,261.46, down from 564,340,487.91 in the same period last year, reflecting a decrease of approximately 3.9%[26]. Other Financial Metrics - Non-recurring gains and losses totaled CNY 8,272,820.20, primarily due to government subsidies and financial product gains[9]. - Prepayments increased significantly by 378.19% due to advance payments for raw materials[10]. - The company reported a 30.26% increase in construction in progress, attributed to the renovation of stores[10]. - Cash and cash equivalents decreased to RMB 230,618,928.76 from RMB 317,590,453.25, a decline of 27.4%[17]. - Accounts receivable increased to RMB 81,865,401.30, up 18.3% from RMB 69,347,646.43[17]. - Inventory decreased to RMB 33,841,450.37 from RMB 37,206,599.83, a decline of 9.5%[17]. - The company's retained earnings were RMB 745,754,456.27, slightly down from RMB 754,148,970.64[19]. - The company incurred financial expenses of 1,261,380.97, significantly higher than 321,127.33 in Q1 2023, indicating increased borrowing costs[22]. - The total tax expenses for the quarter were 8,458,525.56, up from 6,256,339.42 in the previous year, reflecting a rise of approximately 35.2%[22]. - The company reported an investment loss of -3,379,495.26, worsening from -2,446,042.40 in the same quarter last year[22].