Trendzone(SH:603030)2024-04-29 11:01Financial Performance - The company's operating revenue for Q1 2024 was CNY 199,709,951.67, representing a decrease of 29.25% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 26,432,126.90, which is an improvement of 38.50% year-over-year[5]. - Basic earnings per share were reported at -CNY 0.02, showing an increase of 72.91% from the same quarter last year[5]. - For Q1 2024, the total operating revenue was CNY 199,709,951.67, a decrease of approximately 29.3% compared to CNY 282,277,268.10 in Q1 2023[22]. - Total operating costs for Q1 2024 were ¥232.85 million, down 31.1% from ¥338.07 million in Q1 2023[24]. - The net loss for Q1 2024 was ¥26.57 million, an improvement from a net loss of ¥44.96 million in Q1 2023[25]. - The company reported a basic and diluted earnings per share of -¥0.02 for Q1 2024, compared to -¥0.07 in Q1 2023[25]. Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 82,825,315.30, reflecting a significant decline of 394.32% compared to the previous year[5]. - The cash flow from operating activities showed a net outflow of ¥82.83 million in Q1 2024, compared to a net outflow of ¥16.76 million in Q1 2023[27]. - Cash and cash equivalents at the end of Q1 2024 totaled ¥236.55 million, an increase from ¥105.48 million at the end of Q1 2023[28]. - The company’s cash and cash equivalents were CNY 262,958,554.14, significantly lower than CNY 534,165,251.30 at the end of 2023, representing a decline of about 50.8%[17]. - The company generated cash inflows from investment activities of approximately ¥40.53 million in Q1 2024, down from ¥78.84 million in Q1 2023[28]. - The financing activities generated a net cash inflow of ¥212.64 million in Q1 2024, compared to a net outflow of ¥37.61 million in Q1 2023[28]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 2,589,944,864.75, down 8.75% from the end of the previous year[6]. - The company's total liabilities amounted to CNY 1,517,973,834.11, down from CNY 1,739,494,254.29, indicating a reduction of about 12.7%[19]. - The equity attributable to shareholders decreased by 2.44% to CNY 1,006,012,872.57 compared to the end of the last year[6]. - The company’s total equity decreased to CNY 1,071,971,030.64 from CNY 1,098,753,388.54, reflecting a decline of approximately 2.4%[19]. - As of March 31, 2024, the company held total assets of CNY 2,589,944,864.75, a decrease from CNY 2,838,247,642.83 at the end of 2023, reflecting a decline of approximately 8.75%[17]. Operational Challenges - The decrease in operating revenue was attributed to the exclusion of a subsidiary from the consolidation scope and seasonal industry impacts[7]. - The company is facing bankruptcy applications for its subsidiaries, indicating potential operational challenges ahead[13]. - The company has applied to revoke the delisting risk warning for its stock, although it continues to face other risk warnings due to uncertainties in its business operations[14]. - The company has implemented strict cost control measures, which contributed to a reduction in losses[8]. Shareholder Information - The top shareholder, Zhu Bin, holds 10.85% of the shares, with significant pledges and freezes on his holdings[10].