南极电商(002127) - 2024 Q1 - 季度财报

Financial Performance - The company's total revenue for Q1 2024 reached CNY 714.60 million, representing a year-on-year increase of 16.99%[5] - Net profit attributable to shareholders was CNY 47.74 million, up 33.92% compared to the same period last year[7] - The basic earnings per share increased to CNY 0.0199, reflecting a growth of 31.79% year-on-year[5] - Operating profit for Q1 2024 was CNY 47,253,362.02, up from CNY 33,539,553.95 in Q1 2023, marking a growth of 40.9%[26] - The company reported a total comprehensive income of CNY 47,095,710.91 for Q1 2024, compared to CNY 35,123,788.08 in Q1 2023, reflecting an increase of 34%[27] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.0199, up from CNY 0.0151 in Q1 2023, indicating a growth of 31.8%[27] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,441.53 million, a slight increase of 0.67% from the end of the previous year[5] - The total assets of the company as of March 31, 2024, amounted to RMB 5,441,527,953.27, compared to RMB 5,405,107,417.49 at the beginning of the quarter[22] - The total liabilities decreased to RMB 798,423,863.93 from RMB 821,978,331.30, a reduction of 2.9%[23] - The company's total equity increased to RMB 4,643,104,089.34 from RMB 4,583,129,086.19, reflecting a growth of 1.3%[23] Cash Flow - The cash flow from operating activities showed a net outflow of CNY 421.94 million, which is a deterioration of CNY 221.10 million compared to the same period last year[14] - The cash flow from operating activities showed a net outflow of CNY 421,936,233.58, worsening from a net outflow of CNY 200,839,355.86 in the same period last year[29] - The investment activities generated a net cash inflow of CNY 285,318,555.65, a turnaround from a net cash outflow of CNY 798,751,088.37 in the previous year[29] - The company's cash and cash equivalents decreased to RMB 2,176,256,194.15 from RMB 2,298,360,007.58 at the beginning of the quarter, a decline of 5.3%[21] - The cash and cash equivalents at the end of Q1 2024 were CNY 1,640,529,112.48, a significant increase from CNY 332,721,097.16 at the end of Q1 2023[30] Revenue Breakdown - Revenue from the Time Internet segment reached CNY 631 million, while the main business of Antarctic E-commerce generated CNY 84 million[6] - Total operating revenue for Q1 2024 reached RMB 714,599,958.16, an increase of 16.9% compared to RMB 610,811,531.76 in Q1 2023[25] - Total operating costs for Q1 2024 were RMB 663,257,694.68, up 15.6% from RMB 573,859,632.83 in the same period last year[25] - The total revenue from sales of goods and services received was CNY 784,497,192.29, down from CNY 902,342,936.75 in the previous year, representing a decrease of approximately 13.1%[28] Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable, which rose by 93.23% to CNY 735.03 million due to new factoring business loans[11] - Accounts receivable increased significantly to RMB 735,026,356.17, up 93.1% from RMB 380,386,451.03 at the start of the quarter[21] - Inventory rose to RMB 41,333,374.83, an increase of 23.1% from RMB 33,604,408.32 at the beginning of the quarter[21] - The company reported a significant increase in accounts receivable, indicating potential growth in sales and customer demand[21] Expenses - Sales expenses increased by 31.78% to CNY 35.63 million, primarily due to new promotional costs for self-operated retail business[12] - Research and development expenses decreased to CNY 4,332,906.95 from CNY 5,964,977.29, a reduction of 27.4% year-over-year[26] Government Support - Government subsidies recognized in the current period amounted to CNY 4.56 million, contributing positively to the financial results[10] Guarantees - The company provided a guarantee of up to RMB 50 million for its wholly-owned subsidiary, Beijing Henry Jia Ye Technology Co., Ltd.[18]