同庆楼(605108) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 692.14 million, a slight increase of 0.17% compared to CNY 690.99 million in the same period last year[4]. - Net profit attributable to shareholders decreased by 21.36% to CNY 51.82 million from CNY 65.90 million year-on-year[4]. - Basic earnings per share decreased by 20.00% to CNY 0.20 from CNY 0.25 in the same period last year[4]. - Total operating revenue for the first quarter of 2025 was CNY 692.14 million, a slight increase from CNY 690.99 million in the same period of 2024, representing a growth of approximately 0.17%[22]. - Net profit for the first quarter of 2025 was CNY 51.82 million, down from CNY 65.90 million in the first quarter of 2024, reflecting a decrease of approximately 21.4%[22]. - Basic earnings per share decreased to CNY 0.20 from CNY 0.25, indicating a decline of 20%[23]. Cash Flow - The net cash flow from operating activities fell by 44.82% to CNY 104.16 million, down from CNY 188.77 million in the previous year[4]. - Cash flow from operating activities generated a net amount of CNY 104.16 million, compared to CNY 188.77 million in the previous year, a decrease of about 44.6%[26]. - Cash flow from investing activities showed a net outflow of CNY 222.83 million, an improvement from a net outflow of CNY 522.16 million in the first quarter of 2024[26]. - Cash flow from financing activities resulted in a net inflow of CNY 117.60 million, down from CNY 275.07 million in the same quarter of the previous year[27]. - The company reported a total cash and cash equivalents balance of CNY 141.43 million at the end of the first quarter, compared to CNY 52.71 million at the end of the first quarter of 2024[27]. Assets and Liabilities - Total assets increased by 3.30% to CNY 5.54 billion from CNY 5.37 billion at the end of the previous year[5]. - The company's current assets totaled RMB 667,722,834.43, up from RMB 643,771,412.05, indicating an increase of about 3.00%[15]. - Accounts receivable rose to RMB 58,132,534.42 from RMB 46,097,059.19, representing a significant increase of approximately 26.10%[15]. - Inventory increased to RMB 122,440,458.47 from RMB 120,693,919.64, showing a growth of around 1.45%[16]. - Total liabilities reached RMB 3,255,636,351.12, up from RMB 3,130,578,637.62, reflecting an increase of approximately 4.00%[17]. - The company's equity attributable to shareholders rose to RMB 2,286,523,876.89 from RMB 2,234,701,930.16, indicating a growth of about 2.33%[17]. - Non-current assets totaled RMB 4,874,437,393.58, an increase from RMB 4,721,509,155.73, reflecting a growth of approximately 3.23%[16]. - The company reported a total of RMB 211,096,178.04 in other current assets, down from RMB 225,967,614.23, indicating a decrease of about 6.60%[15]. - The company's long-term borrowings increased to RMB 760,680,000.00 from RMB 686,166,500.00, representing a growth of approximately 10.80%[17]. - Short-term borrowings increased to RMB 476,919,462.90 from RMB 407,535,116.92, marking an increase of about 16.95%[17]. Operational Insights - The decline in profit was primarily due to unmet revenue expectations and unchanged fixed costs such as rent and labor[5]. - The company anticipates a recovery in performance starting March 2025, driven by increased demand in the wedding banquet market[5]. - Research and development expenses increased to CNY 595.53 thousand from CNY 325.21 thousand, reflecting a growth of approximately 83%[22]. - The company experienced a significant increase in sales revenue from goods and services, reaching CNY 774.40 million, up from CNY 703.50 million, which is an increase of about 10.1% year-over-year[26].