Deluxe Family(SH:600503)2024-04-29 08:19Financial Performance - The company's operating revenue for Q1 2024 reached ¥114,111,880.67, representing a significant increase of 991.27% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥14,802,494.50, marking a growth of 218.73% year-over-year[6]. - The net profit after deducting non-recurring gains and losses was ¥13,722,621.95, reflecting a 165.35% increase from the previous year[6]. - Total operating revenue for Q1 2024 reached ¥114,111,880.67, a significant increase from ¥10,456,795.39 in Q1 2023, representing a growth of approximately 1,090%[20]. - Operating profit for Q1 2024 was ¥20,779,793.92, a turnaround from an operating loss of ¥20,770,256.22 in Q1 2023[20]. - Net profit attributable to shareholders for Q1 2024 was ¥14,802,494.50, compared to a net loss of ¥12,467,489.57 in Q1 2023[21]. - Total comprehensive income for Q1 2024 was ¥14,693,364.91, recovering from a comprehensive loss of ¥13,362,952.62 in Q1 2023[21]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.0092, recovering from a loss of ¥0.0078 per share in Q1 2023[21]. Assets and Liabilities - The total assets at the end of Q1 2024 were ¥4,069,249,060.42, a decrease of 3.64% from the end of the previous year[7]. - As of March 31, 2024, the company's total assets amounted to RMB 4,069,249,060.42, a decrease from RMB 4,223,037,446.68 as of December 31, 2023, reflecting a decline of approximately 3.65%[15]. - The company's cash and cash equivalents decreased to RMB 567,732,539.89 from RMB 873,156,390.67, representing a decline of about 34.9%[15]. - Inventory increased significantly to RMB 2,193,334,042.22, up from RMB 1,808,795,621.81, indicating a rise of approximately 21.3%[15]. - Total current liabilities decreased to RMB 344,984,313.21 from RMB 573,833,041.03, a reduction of about 40%[17]. - The company's total equity increased slightly to RMB 3,706,531,602.13 from RMB 3,630,267,287.23, reflecting an increase of approximately 2.1%[17]. - The company reported a decrease in accounts payable from RMB 49,190,213.76 to RMB 40,603,183.10, a decline of about 17.4%[16]. - The company's retained earnings rose to RMB 1,281,159,577.30 from RMB 1,266,357,082.80, an increase of approximately 1.2%[17]. Cash Flow - The net cash flow from operating activities was negative at -¥318,060,193.91, primarily due to increased land value tax payments[6]. - Cash flow from operating activities for Q1 2024 was negative at -¥318,060,193.91, worsening from -¥126,102,142.83 in Q1 2023[24]. - Cash and cash equivalents at the end of Q1 2024 totaled ¥566,376,636.74, down from ¥1,069,107,780.82 at the end of Q1 2023[25]. - The company reported cash inflows from investment activities of ¥13,190,465.99 in Q1 2024, compared to ¥745,594.00 in Q1 2023[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 122,496[12]. - The top shareholder, Shanghai Nanjing Group Co., Ltd., holds 7.12% of the shares, with a significant portion pledged[12]. - The company has not reported any significant changes in the top ten shareholders or their participation in financing activities[13]. Government Support and Costs - The company received government subsidies amounting to ¥1,191,164.08, which positively impacted the financial results[9]. - The company reported a significant increase in sales costs by 1,536.85%, attributed to the increased sales area of real estate projects[10]. - Total operating costs for Q1 2024 were ¥94,579,340.13, compared to ¥31,225,177.19 in Q1 2023, indicating an increase of about 202%[20]. - The company incurred tax expenses of ¥6,086,441.19 in Q1 2024, compared to ¥43,794.88 in Q1 2023[20]. Future Outlook - The company did not provide specific guidance for future performance or market expansion strategies in this quarter's report[14]. - There were no new product launches or technological developments mentioned in the report[14].