帅丰电器(605336) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥117,418,731.61, representing a decrease of 32.96% compared to the same period last year[4] - The net profit attributable to shareholders was ¥22,233,383.94, down 44.50% year-over-year[4] - The net profit after deducting non-recurring gains and losses was ¥17,919,215.96, reflecting a decline of 47.25% compared to the previous year[4] - The basic earnings per share (EPS) was ¥0.12, a decrease of 45.45% from the same period last year[4] - Total operating revenue for Q1 2024 was CNY 117,418,731.61, a decrease of 32.97% compared to CNY 175,158,713.05 in Q1 2023[19] - Net profit for Q1 2024 was CNY 22,233,383.94, representing a decline of 44.49% from CNY 40,063,345.70 in Q1 2023[20] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.12, down from CNY 0.22 in Q1 2023[21] Cash Flow - The net cash flow from operating activities was negative at -¥21,253,398.66, indicating a significant cash outflow[4] - Cash inflow from operating activities in Q1 2024 was CNY 172,545,940.45, a decrease of 30.77% compared to CNY 249,684,478.76 in Q1 2023[22] - The net cash flow from operating activities was -$21,253,398.66, compared to $40,756,766.22 in the previous period, indicating a significant decline in operational cash generation[23] - Total cash outflow from operating activities amounted to $193,799,339.11, while cash inflow from investment activities was $709,989,425.93, showing a strong investment cash inflow[23] - The net cash flow from investment activities was -$154,260,367.48, a decrease from $699,459,465.77 in the previous period, reflecting increased investment expenditures[23] - The company reported a net decrease in cash and cash equivalents of -$175,631,370.39, contrasting with an increase of $740,216,222.29 in the prior period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,259,129,224.59, a decrease of 2.56% from the end of the previous year[5] - As of March 31, 2024, total assets amounted to RMB 2,259,129,224.59, a decrease from RMB 2,318,381,176.22 as of December 31, 2023[15] - Total liabilities decreased to CNY 261,725,960.18 in Q1 2024 from CNY 343,211,295.75 in Q1 2023, a reduction of 23.73%[18] - The company reported a total current asset of RMB 1,716,452,682.60, slightly down from RMB 1,768,073,477.84[14] - Non-current assets totaled RMB 542,676,541.99, down from RMB 550,307,698.38[15] Shareholder Information - The equity attributable to shareholders increased by 1.13% to ¥1,997,403,264.41 compared to the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 12,474[9] - The company plans to distribute a cash dividend of RMB 6.20 per 10 shares, totaling RMB 114,078,419.00, which represents 60.15% of the annual net profit attributable to shareholders[11] - The company’s board meeting on April 22, 2024, approved the profit distribution plan for 2023, pending shareholder approval[11] Operational Costs - Total operating costs for Q1 2024 were CNY 97,522,479.92, down 27.47% from CNY 134,461,547.46 in Q1 2023[19] - The company paid $28,294,530.39 in employee compensation and $19,252,534.03 in taxes during the quarter, highlighting significant operational costs[23] Financial Expenses - The company reported a financial expense of CNY -12,317,782.64 in Q1 2024, compared to CNY -6,359,658.10 in Q1 2023, indicating a significant increase in financial costs[19] - Deferred income tax liabilities decreased to CNY 5,612,228.16 in Q1 2024 from CNY 8,857,390.05 in Q1 2023, a decline of 36.67%[18] Cash and Equivalents - Cash and cash equivalents decreased to RMB 982,794,047.64 from RMB 1,158,425,418.03[13] - The company held cash equivalents of RMB 982,794,047.64 as of the end of Q1 2024[13] - Cash and cash equivalents at the end of the period totaled $982,794,047.64, down from $1,308,581,259.26 at the end of the previous period[24] Inventory and Receivables - Accounts receivable decreased to RMB 17,983,300.21 from RMB 42,912,570.42, indicating a significant reduction in outstanding receivables[14] - Inventory decreased to RMB 99,823,213.41 from RMB 105,678,046.98, reflecting a reduction in stock levels[14]