NBZB(SH:600857)2024-04-28 07:51Financial Performance - The company's operating revenue for Q1 2024 was CNY 279,729,693.97, representing a decrease of 5.76% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of CNY 4,634,952.96, a decline of 130.88% year-on-year[6]. - The basic earnings per share were -CNY 0.021, a decrease of 131.34% year-on-year[6]. - Operating profit for Q1 2024 was CNY -6,409,487.48, down from CNY 13,174,599.62 in the same period last year[20]. - The company recorded a total comprehensive loss of CNY -1,765,851.15 in Q1 2024, compared to a comprehensive income of CNY 7,162,819.55 in Q1 2023[21]. - Basic and diluted earnings per share for Q1 2024 were both CNY -0.021, compared to CNY 0.067 in Q1 2023[21]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 18,232,904.60, reflecting a significant decrease of 731.24% compared to the previous year[6]. - The company experienced a net cash outflow from operating activities of CNY -18,232,904.60, compared to a net inflow of CNY 2,888,433.67 in Q1 2023[24]. - Cash and cash equivalents as of March 31, 2024, were RMB 430,182,212.44, a decrease from RMB 448,423,116.04 as of December 31, 2023[13]. - Cash and cash equivalents at the end of Q1 2024 stood at CNY 430,182,212.44, down from CNY 449,423,116.04 at the beginning of the quarter[25]. - Investment activities resulted in a net cash outflow of CNY -7,999.00 in Q1 2024, compared to a net outflow of CNY -98,702,432.22 in Q1 2023[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 975,506,806.40, down 3.83% from the end of the previous year[7]. - Total assets as of March 31, 2024, were RMB 975,506,806.40, down from RMB 1,014,355,334.38 at the end of 2023[16]. - Total liabilities as of March 31, 2024, were RMB 124,150,548.68, a decrease from RMB 161,233,225.51 at the end of 2023[15]. - Total equity attributable to shareholders as of March 31, 2024, was RMB 851,356,257.72, slightly down from RMB 853,122,108.87 at the end of 2023[16]. Operational Metrics - Total operating revenue for Q1 2024 was RMB 279,729,693.97, a decrease of 5.7% compared to RMB 296,827,263.42 in Q1 2023[19]. - Total operating costs for Q1 2024 were RMB 271,642,325.78, down 2.4% from RMB 278,971,392.41 in Q1 2023[19]. - Gross profit margin for Q1 2024 was approximately 2.1%, compared to 6.0% in Q1 2023[19]. - Total revenue from sales of goods and services was CNY 406,684,865.48, a decrease from CNY 415,255,387.52 in Q1 2023[23]. Inventory and Receivables - The inventory decreased by 47.67%, primarily due to a reduction in gold wholesale business stock[8]. - Inventory decreased to RMB 36,141,864.68 in Q1 2024 from RMB 69,064,078.96 in Q1 2023[14]. - Accounts receivable increased to RMB 772,441.94 in Q1 2024 from RMB 699,293.52 in Q1 2023[14]. Other Financial Metrics - The company reported a significant increase in contract liabilities by 122.21%, mainly due to an increase in prepayments from franchisees[8]. - The company reported a significant increase in contract liabilities to RMB 7,493,512.96 in Q1 2024 from RMB 3,372,215.34 in Q1 2023[15]. - The company experienced a 100.36% decline in investment income, mainly due to reduced gains from stock disposals[8]. - The company incurred financial expenses of CNY -1,512,638.69 in Q1 2024, a decrease from CNY -175,266.34 in the previous year[20]. - Other comprehensive income after tax for Q1 2024 was CNY 2,869,101.81, contrasting with a loss of CNY -7,846,757.82 in Q1 2023[20].