MOONS’(SH:603728)2024-04-29 09:07Financial Performance - The company's operating revenue for Q1 2024 was CNY 608,465,650.49, representing a decrease of 6.34% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 6,487,479.20, down 80.03% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3,893,515.16, a decline of 86.72% compared to the previous year[4]. - Basic earnings per share decreased by 80.21% to CNY 0.0154[4]. - Net profit for Q1 2024 was CNY 6,434,091.44, a significant decline from CNY 32,678,604.98 in Q1 2023, representing an 80.34% decrease[16]. - Earnings per share (EPS) for Q1 2024 was CNY 0.0154, down from CNY 0.0778 in Q1 2023, reflecting an 80.24% decline[16]. - The company's total comprehensive income for Q1 2024 was a loss of CNY 2,252,822.09, an improvement from a loss of CNY 5,274,976.32 in Q1 2023[23]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 49.41% to CNY 24,303,710.24, indicating improved cash management[4]. - In Q1 2024, the company reported cash inflows from operating activities of CNY 661,526,360.42, a decrease of 19.1% compared to CNY 818,111,246.75 in Q1 2023[17]. - The company experienced a significant decline in cash inflows from investment activities, reporting a net cash outflow of CNY 80,999,212.34 compared to a net inflow of CNY 166,712,562.16 in Q1 2023[18]. - Cash and cash equivalents at the end of Q1 2024 totaled CNY 568,267,234.44, down from CNY 740,759,576.88 at the end of Q1 2023, reflecting a decrease of 23.2%[18]. - The company reported a decrease in cash paid for operating activities to CNY 637,222,650.18, down 20.5% from CNY 801,844,329.48 in Q1 2023[17]. - The company's cash inflow from financing activities increased to CNY 70,960,480.70, compared to CNY 4,287,194.38 in the previous year, marking a significant improvement[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,854,248,313.08, a slight increase of 0.33% from the end of the previous year[4]. - The company's total liabilities amounted to CNY 983,589,420.93, slightly down from CNY 986,376,740.82 in the previous year[14]. - The company's total liabilities increased to CNY 547,660,283.63 from CNY 532,105,449.59, indicating a rise of 2.8%[20]. - The company's current assets decreased to CNY 1,145,059,839.71 from CNY 1,204,678,154.29, a decline of 4.9%[19]. - The total current liabilities decreased to RMB 890,201,090.85 from RMB 914,441,705.55, a reduction of about 2.6%[13]. Inventory and Receivables - Accounts receivable decreased to RMB 592,570,789.66 from RMB 606,411,075.57, indicating a reduction of about 2.9%[12]. - Inventory levels decreased to RMB 603,203,945.04 from RMB 642,840,627.73, representing a decline of approximately 6.2%[12]. - The company is actively managing its inventory levels in response to changing market conditions, leading to an increase in inventory impairment provisions[9]. Research and Development - Research and development expenses for Q1 2024 were CNY 59,364,000.44, a decrease of 3.32% compared to CNY 61,389,375.68 in Q1 2023[15]. - The company reported a decrease in research and development expenses to CNY 2,566,268.77 in Q1 2024, down 34.3% from CNY 3,912,979.02 in Q1 2023[22]. Non-Recurring Items - The company reported non-recurring gains of CNY 2,593,964.04 after tax, primarily from government subsidies[5]. - The company reported a financial expense of CNY -2,538,272.36 in Q1 2024, a significant improvement compared to CNY 7,517,797.46 in Q1 2023[15].