Financial Performance - The company's operating revenue for Q1 2024 was ¥1,799,016,664.02, representing a 44.66% increase compared to ¥1,243,613,234.39 in the same period last year[5] - Net profit attributable to shareholders for Q1 2024 was ¥86,044,897.90, a 65.58% increase from ¥51,970,159.19 in the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥70,292,088.96, up 53.52% from ¥45,790,646.52 year-on-year[5] - Basic and diluted earnings per share for Q1 2024 were both ¥0.2151, reflecting a 48.96% increase from ¥0.1444 in the same period last year[5] - The company's net profit for the current period is 86,044,897.90, an increase of 65.5% compared to 51,966,606.92 in the previous period[34] - Total comprehensive income for the current period is 85,885,123.45, up from 51,589,835.64, reflecting a significant growth[34] - Revenue for the current period reached 1,799,016,664.02, representing a 44.66% increase from 1,243,613,234.39 in the previous period[42] Cash Flow and Assets - The net cash flow from operating activities decreased by 51.55% to ¥98,587,960.60, down from ¥203,485,139.39 in the previous year, primarily due to increased inventory requirements from higher sales volume[11] - The company reported a significant increase of 457.29% in cash flow from financing activities, totaling ¥119,778,465.90, compared to a negative cash flow of ¥33,524,500.65 in the previous year[11] - As of March 31, 2024, cash and cash equivalents decreased by 42.39% to ¥440,344,828.70 from ¥764,303,457.17 due to increased investments in financial products[19] - Total assets at the end of Q1 2024 were ¥3,768,099,030.83, a 4.00% increase from ¥3,623,141,044.65 at the end of the previous year[5] - Total liabilities increased to ¥1.268 billion from ¥1.209 billion, with current liabilities rising to ¥904 million from ¥792 million[32] - The cash flow from investment activities showed a net outflow of CNY 497.55 million, compared to a net outflow of CNY 326.04 million in the previous year[55] Expenses and Investments - Research and development expenses increased by 88.34% to 27,922,275.97, indicating a focus on product development and innovation[42] - Sales expenses rose by 53.55% to 682,871,987.77, driven by increased brand promotion and marketing efforts[42] - The company reported a significant increase in sales expenses, which amounted to CNY 682.87 million, compared to CNY 444.73 million in the previous year[53] Revenue Breakdown - The company's revenue from the apparel and accessories category for Q1 2024 was ¥1.309 billion, a year-on-year increase of 50.09%[26] - Revenue from non-apparel categories for Q1 2024 was ¥428 million, reflecting a year-on-year growth of 26.49%[26] - Sales revenue in North America for Q1 2024 reached ¥1.606 billion, up 47.51% year-on-year, while Europe showed signs of recovery[27] - Sales revenue from the Amazon platform reached CNY 1.558 billion, up 42.85% compared to the previous year[48] Strategic Focus - The company plans to continue focusing on product categories with market potential, enhancing product functionality and quality while maintaining cost advantages[42] - The company plans to continue exploring multi-channel development opportunities based on the different stages of brand growth[48] - The company is focused on enhancing brand incubation efficiency and maintaining a "branding" development strategy[48] Accounting and Reporting - The company has implemented a retrospective adjustment in accounting policies effective from January 1, 2023, but this will not significantly impact its financial position or results[17] - The company has not classified any non-recurring gains or losses as recurring, maintaining clarity in its financial reporting[40]
赛维时代(301381) - 2024 Q1 - 季度财报