Topscore Fashion(SH:603608)2024-04-29 15:14Financial Performance - The company's operating revenue for Q1 2024 was ¥284,730,246, representing a decrease of 11.24% compared to the same period last year[6] - The net profit attributable to shareholders of the listed company was a loss of ¥4,628,470, with a non-applicable percentage change[6] - The net cash flow from operating activities was ¥15,672,624, down by 6.87% year-on-year[6] - Total operating revenue for Q1 2024 was ¥284,730,246, a decrease of 11.25% compared to ¥320,788,978 in Q1 2023[20] - Net profit for Q1 2024 was -¥4,180,420, an improvement from -¥13,085,643 in Q1 2023, representing a 68.00% reduction in losses[20] - The company’s total comprehensive income for Q1 2024 was -¥4,453,963, compared to -¥12,446,541 in Q1 2023, indicating a significant reduction in comprehensive losses[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,003,929,060, a decrease of 5.65% from the end of the previous year[7] - The total current assets were reported at RMB 1,100,102,349, down from RMB 1,208,528,412, indicating a decrease of about 8.97%[16] - Cash and cash equivalents decreased to RMB 451,323,769 from RMB 563,184,323, representing a decline of approximately 19.84%[16] - The total liabilities decreased to ¥785,452,756 in Q1 2024 from ¥802,969,239 in Q1 2023, a reduction of 2.17%[20] Shareholder Information - The company reported a total of 18,822 common shareholders at the end of the reporting period[12] - The top shareholder, Qingdao Hetian Trading Partnership, holds 73,239,821 shares, representing 17.45% of the total shares[12] - The company has a share repurchase account holding 36,041,479 shares, which accounts for 8.59% of the total share capital as of March 31, 2024[13] - Shareholders' equity attributable to the listed company was ¥1,193,698,940, down 7.94% compared to the end of the previous year[7] - The total equity attributable to shareholders decreased to ¥1,193,698,940 in Q1 2024 from ¥1,296,713,082 in Q1 2023, a decline of 7.95%[20] Earnings Per Share - The basic earnings per share for the period was -¥0.01, with a non-applicable percentage change[7] - The diluted earnings per share for the period was also -¥0.01, with a non-applicable percentage change[7] - The company’s basic earnings per share for Q1 2024 was -¥0.01, compared to -¥0.03 in Q1 2023, reflecting an improvement in per-share losses[21] Cost Management - The company maintained strict control over overall expenses, resulting in a reduction in costs that exceeded the decline in revenue[10] - Total operating costs for Q1 2024 were ¥284,287,554, down 13.00% from ¥326,396,428 in Q1 2023[20] Cash Flow - Operating cash flow for Q1 2024 was ¥15,672,624, slightly down from ¥16,829,115 in Q1 2023[24] - Cash and cash equivalents at the end of Q1 2024 were ¥227,612,372, down from ¥262,114,463 at the end of Q1 2023[25] - The company reported a net cash outflow from investing activities of -¥144,436,068 in Q1 2024, compared to -¥290,074,202 in Q1 2023, indicating a 50.25% improvement[25] Asset Composition - The company's inventory stood at RMB 307,201,625, a decrease from RMB 321,934,076, reflecting a reduction of about 4.59%[16] - The total non-current assets were RMB 903,826,711, slightly down from RMB 915,483,223, indicating a decrease of around 1.56%[16] Future Outlook - The company is actively engaged in the development of new products and technologies, with a focus on enhancing its market position[16] - Future outlook includes potential market expansion and strategic acquisitions to drive growth[16]