GSMG(SH:600543)2024-04-29 11:21Financial Performance - The company's operating revenue for Q1 2024 reached ¥81,037,098.66, representing a year-on-year increase of 56.49%[5] - Total operating revenue for Q1 2024 reached ¥81,037,098.66, a significant increase of 56.5% compared to ¥51,783,283.55 in Q1 2023[20] - The net profit attributable to shareholders was ¥806,849.51, with a net profit excluding non-recurring gains and losses of ¥481,133.82[5] - Net profit for Q1 2024 was ¥750,043.26, a turnaround from a net loss of ¥4,174,283.43 in Q1 2023[21] - Operating profit for Q1 2024 was ¥889,097.53, compared to an operating loss of ¥3,852,038.93 in the same period last year[20] - Earnings per share for Q1 2024 were ¥0.0025, compared to a loss per share of ¥0.0112 in Q1 2023[21] Cash Flow - The net cash flow from operating activities was negative at -¥33,296,714.86, primarily due to increased cash payments for goods and services[6] - Cash flow from operating activities in Q1 2024 was ¥59,581,346.80, an increase from ¥48,114,977.91 in Q1 2023[23] - Total cash inflow from operating activities amounted to 61,069,062.87, while cash outflow was 94,365,777.73, resulting in a net cash outflow of 33,296,714.86[24] - The company reported a significant increase in cash outflow for payments related to operating activities, totaling 94,365,777.73 compared to 46,445,021.45 in the previous period[24] - The net cash flow from financing activities was -15,899,986.84, indicating a cash outflow[25] - The ending balance of cash and cash equivalents was 15,519,803.29, down from 49,819,436.33 at the beginning of the period[25] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,003,210,717.72, a decrease of 2.12% compared to the end of the previous year[6] - Current assets totaled CNY 392,521,986.78, down from CNY 416,520,898.92, indicating a decrease of about 5.7%[14] - Non-current assets totaled CNY 610,688,730.94, slightly up from CNY 608,432,054.67, showing a marginal increase of around 0.4%[15] - Total liabilities decreased to ¥138,665,433.88 in Q1 2024 from ¥145,257,726.17 in Q1 2023, reflecting a reduction of 4.1%[20] - Non-current liabilities decreased to ¥29,732,021.80 in Q1 2024 from ¥31,976,827.26 in Q1 2023, a decline of 7.0%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,143[11] - There were no significant changes in the top 10 shareholders or their shareholding percentages during the reporting period[12] - Total equity attributable to shareholders was ¥862,502,090.09 in Q1 2024, down from ¥879,695,227.42 in Q1 2023[20] Business Operations - The company generated sales revenue of ¥5,868,600 from its wine business, a 56.49% increase year-on-year[9] - The newly added bag business generated revenue of ¥28,617,200 in Q1 2024[9] - The company received government subsidies amounting to ¥368,094.36, which are closely related to its normal business operations[8] - The company has not disclosed any new product developments or market expansion strategies in the current report[13] - The company did not provide any guidance or outlook for future performance in the current report[13] - The company did not report any new product launches or significant market expansions during this quarter[24] Research and Development - The company reported a decrease in research and development expenses to ¥155,629.90 in Q1 2024 from ¥250,688.07 in Q1 2023[20] Inventory and Receivables - Inventory increased to CNY 172,985,823.51 from CNY 153,256,500.91, representing a growth of approximately 12.9%[14] - Accounts receivable rose to CNY 27,396,731.77 from CNY 25,164,860.62, marking an increase of about 8.7%[14] Cash and Cash Equivalents - The company reported a significant reduction in cash and cash equivalents, which decreased to CNY 15,519,803.29 from CNY 49,819,436.33, a decline of approximately 68.9%[14]