Financial Performance - The company's revenue for Q1 2024 reached ¥1,097,485,002.85, representing a 21.33% increase compared to ¥904,546,382.53 in the same period last year[2] - Net profit attributable to shareholders was ¥148,289,332.85, a significant increase of 74.49% from ¥84,984,024.15 year-on-year[2] - Basic earnings per share rose to ¥0.37, reflecting a 54.17% increase from ¥0.24 in the same period last year[2] - Total operating revenue for Q1 2024 reached ¥1,097,485,002.85, an increase of 21.4% compared to ¥904,546,382.53 in the same period last year[16] - The company reported a net profit of ¥185,432,560.01 for Q1 2024, compared to ¥111,634,729.23 in Q1 2023, representing a year-over-year increase of 66.1%[16] - The total revenue for the first quarter of 2024 was approximately CNY 1,108.84 million, an increase from CNY 817.96 million in the same period last year, representing a growth of 35.4%[19] - The net profit for the first quarter of 2024 reached CNY 148.81 million, compared to CNY 85.73 million in the previous year, marking an increase of 73.5%[18] - The basic and diluted earnings per share for the first quarter of 2024 were both CNY 0.37, up from CNY 0.24 in the same quarter of the previous year, reflecting a growth of 54.2%[18] - The company reported a total comprehensive income of CNY 138.08 million for the first quarter, compared to CNY 84.18 million in the same period last year, representing a growth of 63.9%[18] - The company’s total profit for the first quarter was CNY 189.71 million, compared to CNY 101.20 million in the same period last year, marking an increase of 87.0%[17] Cash Flow and Investments - The net cash flow from operating activities was ¥61,565,473.69, up 41.73% from ¥43,439,428.95 in the previous year[2] - Cash received from sales increased by 35.38% to ¥1,069,612,885.14, driven by revenue growth[7] - The company incurred a credit impairment loss of CNY 2.97 million, an improvement from CNY 6.64 million in the previous year, indicating a reduction of 55.4%[17] - The company’s investment activities resulted in a net cash outflow of CNY 183.31 million, compared to a net outflow of CNY 15.88 million in the previous year, reflecting a significant increase in investment expenditures[20] - The cash flow from operating activities for the first quarter was CNY 61.57 million, an increase from CNY 43.44 million year-over-year, indicating a growth of 41.8%[19] - The cash and cash equivalents at the end of the first quarter were CNY 936.06 million, down from CNY 173.50 million at the end of the same period last year, indicating a decrease of 436.5%[20] Expenses and Liabilities - The company reported a 45.96% increase in sales expenses, totaling ¥189,824,554.86, primarily due to increased marketing and sales service costs[6] - Total operating costs for Q1 2024 were ¥912,052,442.84, up 15.1% from ¥792,911,653.30 in Q1 2023[16] - The company experienced a 164.33% increase in income tax expenses, amounting to ¥40,895,604.62, due to higher profitability[7] - Research and development expenses for Q1 2024 were ¥17,109,419.79, slightly up from ¥16,476,965.10 in the previous year[16] - The company’s total liabilities amounted to ¥478,910,622.40, a marginal increase from ¥473,371,226.07[15] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥4,286,879,120.18, a 3.47% increase from ¥4,143,247,172.12 at the end of the previous year[2] - Non-current assets totaled ¥2,205,773,471.45, an increase of 7.7% from ¥2,048,533,088.74[14] - Accounts receivable increased to ¥340,940,110.76 from ¥277,697,481.49, reflecting a growth of 22.7%[14] - Inventory as of March 31, 2024, was ¥691,469,094.23, up 5.2% from ¥657,187,046.54 at the beginning of the period[14] - The total number of common shareholders at the end of the reporting period is 10,489, with the largest shareholder, Qin Hua, holding 45.76% of shares, amounting to 183,079,018 shares[8] - Golden Prosperity Investment S.A R.L holds 19.08% of shares, equivalent to 76,318,949 shares[8] - The top ten shareholders collectively hold significant stakes, with Beijing Junlian Shengyuan Equity Investment Partnership owning 9.27% or 37,067,168 shares[9] - The total number of restricted shares held by Qin Hua is 183,079,018, which will be released on February 16, 2027[11] - The company has a total of 362,484,404 restricted shares, with 2,444,404 shares released on February 19, 2024[12] - The report indicates that the company is actively managing its shareholder structure, with several shareholders involved in financing and securities lending activities[10] - The company has a diverse shareholder base, including both domestic and foreign entities, enhancing its capital stability[9] - The report highlights the importance of shareholder relationships, noting that Qin Hua is linked to several investment partnerships, indicating potential strategic alignments[10] - The overall shareholder composition reflects a strong institutional presence, which may support the company's strategic initiatives moving forward[9] Investment Income - Investment income surged to ¥6,261,564.71, a dramatic increase of 189,637.62% compared to a loss of ¥3,303.60 in the previous year[6]
乖宝宠物(301498) - 2024 Q1 - 季度财报