Malion(300586)2024-04-28 08:07Financial Performance - The company's revenue for Q1 2024 was ¥420,178,824.05, a decrease of 19.80% compared to ¥523,886,363.84 in the same period last year[5] - Net profit attributable to shareholders was ¥26,512,350.95, down 50.60% from ¥53,672,392.42 year-on-year[5] - Basic earnings per share decreased by 52.60% to ¥0.0373 from ¥0.0787 in the same period last year[5] - Net profit for Q1 2024 was ¥37,511,747.51, a decline of 54.8% from ¥82,919,330.03 in Q1 2023[20] - The total comprehensive income for the first quarter of 2024 was CNY 37,300,213.93, a decrease from CNY 82,997,517.93 in the previous year[21] Cash Flow - The net cash flow from operating activities was -¥20,148,310.21, representing a decline of 135.87% compared to ¥56,176,655.38 in the previous year[5] - The net cash flow from operating activities was negative at CNY -20,148,310.21, compared to a positive CNY 56,176,655.38 in the same period last year[22] - The net cash flow from investing activities was CNY -126,033,511.96, compared to CNY -1,136,653.88 in the previous year[24] - The net cash flow from financing activities was CNY 87,002,256.92, an improvement from CNY -35,007,399.52 in the same period last year[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,508,617,435.68, an increase of 2.26% from ¥3,430,930,861.14 at the end of the previous year[5] - The total liabilities increased to ¥1,115,907,137.13 from ¥1,066,661,142.72, reflecting a rise of 4.6%[17] - Non-current assets totaled ¥2,466,476,696.54, an increase of 3.7% compared to ¥2,377,409,476.38[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,193[9] - The largest shareholder, Huang Weishan, holds 32.54% of the shares, with 231,439,000 shares pledged[9] - The total restricted shares held by major shareholders at the end of the period was 176,685,989 shares[13] Operational Metrics - The company reported a significant decrease in gross profit margin, contributing to the decline in net profit[8] - Total operating revenue for Q1 2024 was ¥420,178,824.05, a decrease of 19.7% compared to ¥523,886,363.84 in the same period last year[19] - Total operating costs for Q1 2024 were ¥385,156,137.82, down 11.4% from ¥434,486,685.13 year-over-year[19] Cash and Current Assets - Cash and cash equivalents decreased to RMB 327,527,486.87 from RMB 390,642,205.13, reflecting a decline of approximately 16.1%[15] - The total current assets as of March 31, 2024, amounted to RMB 1,042,140,739.14, a slight decrease from RMB 1,053,521,384.76 at the beginning of the period[15] - Accounts receivable increased to RMB 225,590,939.55 from RMB 196,843,333.29, representing a growth of about 14.6%[15] - Inventory rose to RMB 317,361,848.55 from RMB 284,140,747.84, indicating an increase of approximately 11.7%[15] - Prepayments increased significantly to RMB 39,378,687.00 from RMB 20,956,635.97, showing an increase of about 88.0%[15] Research and Development - Research and development expenses for Q1 2024 were ¥15,649,581.51, down 17.5% from ¥18,878,822.59 in the previous year[19] Other Information - The company received government subsidies amounting to ¥861,395.43 during the reporting period[6] - The company has not disclosed any new product developments or market expansion strategies in this report[14] - There are no significant mergers or acquisitions reported in the current quarter[14] - The company reported no changes in the number of restricted shares for major shareholders during the reporting period[12] - The company did not report any net profit from the merged entity prior to the merger in the current period[21]