*ST商城(600306) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 27,985,926.66, representing a year-on-year increase of 39.18%[5] - The net profit attributable to shareholders was CNY 2,559,552.65, with a basic and diluted earnings per share of CNY 0.01, reflecting a decrease of 95.02% compared to the previous year[5] - Operating profit for Q1 2024 was CNY 1,964,230.06, a significant recovery from a loss of CNY 27,507,581.32 in Q1 2023[22] - Net profit for Q1 2024 was CNY 2,347,817.45, compared to a net loss of CNY 27,492,996.91 in Q1 2023[22] - Earnings per share for Q1 2024 was CNY 0.01, recovering from a loss of CNY 0.12 per share in Q1 2023[23] Cash Flow - The net cash flow from operating activities was CNY 19,191,233.90, indicating a significant improvement in cash generation[5] - Cash flow from operating activities for Q1 2024 was CNY 19,191,233.90, a turnaround from a negative cash flow of CNY 2,228,287.16 in Q1 2023[26] - The net cash flow from investing activities was -$3,187,184.37, indicating a significant outflow compared to the previous period's -$130,000.00[27] - The net increase in cash and cash equivalents for the period was $16,004,049.53, a recovery from a decrease of -$2,358,287.16 in the prior period[27] - The ending balance of cash and cash equivalents reached $117,934,741.90, up from $101,930,692.37 at the beginning of the period[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 523,598,276.83, down 7.33% from the previous year-end[5] - The company's current assets totaled RMB 436,355,607.09, down from RMB 480,503,279.39, indicating a decrease of about 9.2%[15] - Total liabilities as of Q1 2024 were CNY 434,871,906.27, a decrease from CNY 478,619,447.36 in the previous year[22] - Total current liabilities were RMB 414,925,389.62, down from RMB 459,195,823.51, indicating a decrease of about 9.6%[16] Shareholder Information - The company reported a total of 8,593 common shareholders at the end of the reporting period[10] - Total equity attributable to shareholders was CNY 88,160,672.68, up from CNY 85,601,120.03 in Q1 2023[22] - The company's equity attributable to shareholders increased by 2.99% to CNY 88,160,672.68 compared to the previous year-end[5] Operational Efficiency - The company is focusing on improving operational efficiency and exploring new market opportunities to drive future growth[8] - The company plans to continue focusing on market expansion and new product development to sustain growth momentum[20] Cost Management - Operating costs surged by 83.18% in line with the increase in self-operated revenue[8] - Total operating costs for Q1 2024 were CNY 26,021,696.6, down 45.0% from CNY 47,719,155.53 in Q1 2023[22] - Financial expenses decreased by 95.56% as there were no bank loan interest accruals during the period[8] Accounts Receivable and Inventory - Accounts receivable rose by 51.49% primarily due to an increase in rental income[8] - Accounts receivable increased to RMB 1,275,271.54 from RMB 841,832.85, showing a significant rise of about 51.5%[15] - Inventory decreased to RMB 19,944,164.62 from RMB 23,037,812.66, reflecting a reduction of approximately 13.1%[15] Employee Compensation - The company reported a significant reduction in employee compensation liabilities, which fell to RMB 488,917.82 from RMB 1,787,705.28, a decrease of about 72.7%[16] Non-current Assets - Non-current assets totaled RMB 87,242,669.74, an increase from RMB 84,494,721.12, reflecting a growth of approximately 3.3%[16] Product Development - The company has not disclosed any new product developments or market expansion strategies in the current report[13]