珠江钢琴(002678) - 2024 Q1 - 季度财报

Financial Performance - Revenue for Q1 2024 was CNY 213,344,138.20, a decrease of 42.88% compared to CNY 373,489,234.23 in the same period last year[3] - Net profit attributable to shareholders was a loss of CNY 19,687,705.72, representing a decline of 164.07% from a profit of CNY 30,726,373.39 in the previous year[3] - Total operating revenue for Q1 2024 was ¥213,344,138.20, a decrease of 42.9% compared to ¥373,489,234.23 in the same period last year[24] - Net profit for Q1 2024 was a loss of ¥21,040,725.93, compared to a profit of ¥30,885,872.64 in Q1 2023[26] - The company reported a total comprehensive loss of ¥24,794,425.01 for Q1 2024, compared to a comprehensive income of ¥31,779,359.26 in the same quarter last year[26] Cash Flow and Liquidity - The net cash flow from operating activities improved by 14.39%, amounting to a loss of CNY 176,777,560.83 compared to a loss of CNY 206,485,980.05 in the same period last year[3] - The total cash inflow from operating activities for Q1 2024 was ¥162,049,858.50, a decrease of 33.3% compared to ¥242,773,614.78 in the same period last year[27] - The net cash outflow from operating activities was ¥176,777,560.83, improving from a net outflow of ¥206,485,980.05 in Q1 2023[27] - The cash inflow from investment activities totaled ¥18,198,023.42, significantly down from ¥628,104,694.60 in the previous year, resulting in a net cash outflow of ¥14,925,363.61 compared to a net inflow of ¥610,889,675.23[30] - Cash inflow from financing activities was ¥20,000,000.00, down 90% from ¥200,000,000.00 in Q1 2023[30] - The total cash and cash equivalents at the end of Q1 2024 stood at ¥832,325,658.65, a decrease from ¥1,873,413,014.58 at the end of Q1 2023[30] Assets and Liabilities - Total assets decreased by 5.16% to CNY 4,321,518,929.87 from CNY 4,556,719,589.77 at the end of the previous year[3] - The company's total assets decreased to ¥4,321,518,929.87 from ¥4,556,719,589.77, reflecting a decline of 5.2%[23] - Total liabilities decreased to ¥617,606,536.90 from ¥828,473,080.33, a reduction of 25.4%[23] - The equity attributable to shareholders of the parent company was ¥3,678,340,303.31, down from ¥3,700,150,133.49, a decrease of 0.6%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 19,642[13] - The largest shareholder, Guangzhou Urban Construction Investment Group Co., Ltd., holds 50.89% of shares, totaling 692,743,365 shares[13] - The top ten shareholders collectively hold a significant portion of shares, with the top three alone accounting for 74.72%[13] - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities[15] Research and Development - Research and development expenses for Q1 2024 were CNY 11,576,672.79, down 47.97% year-on-year due to lower costs associated with environmental material applications[9] - Research and development expenses for Q1 2024 were ¥11,576,672.79, a significant decrease of 48.0% from ¥22,250,372.37 in the previous year[24] Operational Challenges - The company’s net profit margin was severely impacted, with a decrease of 158.01% in operating profit, reflecting ongoing challenges in the musical instrument market[11] - The company plans to liquidate its subsidiary, Guangzhou Zhu Guang Media Co., Ltd., due to ongoing operational losses[17] Other Income and Expenses - The company reported a significant increase in other income, which rose by 43.66% to CNY 2,157,349.46, attributed to an increase in deferred income recognized[9] - The company experienced a 100% decrease in investment income, reporting only CNY 23.42 due to reduced returns from redeemed financial products[9] - The company received ¥3,751,675.42 in tax refunds, down from ¥6,183,640.65 in the previous year[27] - The cash paid for purchasing goods and services was ¥166,753,679.57, a decrease of 41.8% from ¥286,200,399.26 in Q1 2023[27] - The cash paid to employees was ¥110,198,922.70, slightly up from ¥108,992,563.99 in the same period last year[30] Exchange Rate Impact - The company reported a negative impact of ¥859,417.58 from exchange rate fluctuations on cash and cash equivalents[30]