乐歌股份(300729) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥1,121,581,641.35, representing a 40.83% increase compared to ¥796,407,152.78 in the same period last year[5] - Net profit attributable to shareholders decreased by 79.89% to ¥79,851,037.11 from ¥397,053,546.30 year-on-year[5] - The net profit excluding non-recurring gains and losses increased by 100.08% to ¥41,290,861.35, up from ¥20,636,664.85 in the previous year[5] - Basic earnings per share fell by 79.53% to ¥0.26, compared to ¥1.27 in Q1 2023[5] - In Q1 2024, the company reported a net profit of ¥79,849,924.79, a decrease of 79.93% compared to ¥397,055,704.24 in Q1 2023[23] - Operating profit for the quarter was ¥106,907,670.03, down 80.52% from ¥547,902,634.96 in the same period last year[23] - The company recorded a total comprehensive income of ¥70,213,926.19, significantly lower than ¥394,775,591.81 in Q1 2023[24] Operating Costs and Cash Flow - Operating cash flow decreased by 33.69% to ¥120,679,899.40, down from ¥181,999,313.86 in the same period last year[5] - The company experienced a 53.97% increase in operating costs, which rose to ¥770,593,221.79 from ¥500,467,591.05 year-on-year[10] - The company incurred financial expenses of ¥16,335,924.97, a decrease of 22.00% from ¥21,143,236.93 in Q1 2023[23] - The company experienced a net cash flow from operating activities of ¥120,679,899.40, a decline of 33.73% compared to ¥181,999,313.86 in the previous year[26] Assets and Liabilities - Total assets increased by 9.44% to ¥7,439,775,455.39 from ¥6,797,907,884.75 at the end of the previous year[5] - Cash and cash equivalents at the end of Q1 2024 amounted to ¥1,773,483,890.58, an increase from ¥1,652,177,540.32 at the beginning of the period[19] - Accounts receivable rose to ¥273,007,742.44 in Q1 2024, compared to ¥252,951,644.87 at the start of the year, indicating improved sales performance[19] - Inventory levels increased to ¥512,072,427.32 from ¥459,734,917.94, suggesting a strategic buildup in stock to meet anticipated demand[19] - Short-term borrowings increased to ¥727,714,646.79 from ¥580,043,767.61, indicating a rise in leverage to support operations[20] - Non-current liabilities rose to ¥2,374,671,871.25 from ¥2,074,559,865.28, indicating increased long-term financial commitments[20] - The company's equity attributable to shareholders increased to ¥3,112,028,785.98 from ¥3,037,067,510.58, demonstrating a solid growth in shareholder value[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,736[13] - The largest shareholder, Ningbo Lijing Electronics Group Co., Ltd., holds 21.17% of shares, totaling 66,189,378 shares[13] - The second largest shareholder, Lijing (Hong Kong) International Co., Ltd., holds 15.93% of shares, totaling 49,801,028 shares[13] - The total number of restricted shares at the end of the reporting period is 17,533,113 shares, with no shares released from restriction during the current period[15] - The company has a total of 17,263,531 restricted shares at the beginning of the period, with an increase of 269,582 shares due to executive lock-up regulations[15] - The company’s actual controllers, Xiang Lehong and Jiang Yi, collectively control 49.30% of the shares through various entities[14] - There are no changes in the shareholding status of the top 10 shareholders due to margin trading activities[14] Strategic Initiatives - The company is focusing on expanding its market presence and investing in new product development to drive future growth[22] - The company is progressing with the construction of public overseas warehouses, adopting a strategy of "merging small warehouses into large warehouses"[16] - The company has adjusted the investment scale of the "Vietnam Fulaisi Smart Home Products Factory Project" and redirected remaining funds to the "Ellabell Overseas Warehouse Project" in Georgia, USA, totaling 43.53 million RMB[17] Research and Development - Research and development expenses increased to ¥33,276,369.70, up 15.88% from ¥28,919,225.64 in Q1 2023[23]