PANDA FINANCIAL(SH:600599)2024-04-29 12:41Financial Performance - The company's operating revenue for Q1 2024 was ¥68,283,249.09, representing a decrease of 3.86% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥10,595,856.82, down 49.67% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,977,711.12, a decrease of 40.83% compared to the previous year[6]. - Basic earnings per share were ¥0.064, reflecting a decline of 49.61% year-on-year[6]. - Total operating revenue for Q1 2024 was ¥68,283,249.09, a decrease of 3.9% compared to ¥71,026,770.01 in Q1 2023[21]. - Net profit for Q1 2024 was ¥10,704,882.84, down 49.1% from ¥21,053,595.72 in Q1 2023[22]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.064, compared to ¥0.127 in Q1 2023[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥805,487,896.80, an increase of 1.28% from the end of the previous year[7]. - The company's total liabilities decreased slightly to ¥198,549,897.74 in Q1 2024 from ¥199,079,428.21 in Q1 2023[19]. - The total equity attributable to shareholders increased to ¥587,427,042.33 in Q1 2024 from ¥576,831,185.51 in Q1 2023[19]. - The total current assets reached RMB 779,433,618.80, up from RMB 770,605,519.23, marking an increase of around 1.9%[17]. - The company's fixed assets increased to RMB 2,953,438.18 from RMB 2,799,568.36, showing a growth of about 5.5%[17]. - The total non-current assets amounted to RMB 26,054,278.00, up from RMB 24,707,025.20, reflecting an increase of approximately 5.4%[17]. Cash Flow - Cash flow from operating activities was reported as ¥11,639,803.34, with no applicable year-on-year comparison[6]. - The net cash inflow from operating activities for Q1 2024 was ¥11,639,803.34, a significant improvement compared to a net outflow of ¥34,443,146.48 in Q1 2023[26]. - Total cash inflow from operating activities was ¥58,906,420.09, while cash outflow was ¥47,266,616.75, resulting in a net cash flow from operations[26]. - The company reported a net cash outflow from investing activities of ¥495,036.00, compared to a net inflow of ¥4,781,561.03 in the previous year[27]. - Cash flow from financing activities resulted in a net outflow of ¥2,830,097.53, an improvement from a net outflow of ¥6,373,433.23 in Q1 2023[27]. - The total cash and cash equivalents at the end of Q1 2024 amounted to ¥396,058,851.72, up from ¥121,318,587.32 at the end of Q1 2023[27]. Expenses - The company reported a significant increase in sales expenses by 51.90% due to new marketing expenditures in the domestic market[10]. - Management expenses rose by 91.89% as the company expanded its domestic market presence[10]. - The company reported a significant increase in management expenses, rising to ¥8,094,936.13 in Q1 2024 from ¥4,218,590.81 in Q1 2023[21]. - Cash paid to employees increased to ¥8,067,489.89 from ¥4,304,727.26 year-over-year[26]. Accounts Receivable - The company experienced a 34.82% increase in accounts receivable due to export business not yet reaching the payment period[10]. - Accounts receivable increased to RMB 64,073,616.03 from RMB 47,524,978.07, representing a significant rise of approximately 34.7%[16]. Shareholder Information - The company reported a total of 40,000,000 shares held by Wan Zai County Galaxy Bay Investment Co., Ltd., representing 24.10% of total shares[12]. - The company has a total of 30,382,340 shares held by Galaxy Bay International Investment Co., Ltd., accounting for 18.30% of total shares[12]. - The company has seen a new addition of 2,246,412 shares held by Du Xinda, representing 1.35% of total shares[14]. - The company has a total of 4,800,000 shares held by Hu Zuping, which accounts for 2.89% of total shares, indicating a withdrawal from the lending program[14]. Other Financial Metrics - The weighted average return on equity was 1.82%, a decrease of 0.819 percentage points compared to the previous year[6]. - The company experienced a credit impairment loss of ¥1,128,797.45 in Q1 2024, compared to a gain of ¥3,468,220.05 in Q1 2023[22]. - The total non-current liabilities decreased to ¥2,766,614.72 in Q1 2024 from ¥3,145,009.12 in Q1 2023[19]. - The company received tax refunds totaling ¥9,963,059.15, compared to ¥9,868,115.66 in the same period last year[26]. - The impact of exchange rate fluctuations on cash and cash equivalents was a positive ¥463,387.85, contrasting with a negative impact of -¥458,040.78 in the previous year[27]. - The company’s cash inflow from other operating activities was ¥1,470,024.09, a decrease from ¥46,068,627.13 in Q1 2023[26].