JXFH(300213)2024-04-19 12:14Revenue and Profitability - The company's revenue for Q1 2024 was ¥172,387,071.67, a decrease of 1.23% compared to ¥174,536,513.98 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥6,220,602.14, improving by 5.73% from a loss of ¥6,598,480.17 in the previous year[5] - The net profit for Q1 2024 was -7,992,362.43 CNY, compared to -6,794,555.51 CNY in Q1 2023, indicating a decline in profitability[26] - Operating profit for Q1 2024 was -4,576,649.13 CNY, a significant drop from -247,990.37 CNY in the same period last year[26] - The total comprehensive income for Q1 2024 was -7,992,362.43 CNY, compared to -6,794,555.51 CNY in Q1 2023, reflecting a worsening financial position[27] Cash Flow and Financial Activities - The net cash flow from operating activities improved significantly, with a net outflow of ¥30,519,699.74, a 67.83% reduction from ¥94,868,208.01 in the same period last year[5] - The net cash flow from operating activities was -30,519,699.74 CNY in Q1 2024, an improvement from -94,868,208.01 CNY in Q1 2023[30] - Cash and cash equivalents at the end of Q1 2024 stood at 395,724,721.14 CNY, compared to 341,474,496.10 CNY at the end of Q1 2023, showing an increase of approximately 15.9%[30] - The company reported a total investment cash outflow of 216,630,504.29 CNY in Q1 2024, compared to 110,633,628.45 CNY in Q1 2023, indicating a significant increase in investment activities[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,025,634,967.31, down 4.46% from ¥3,166,828,604.24 at the end of the previous year[5] - The company's equity attributable to shareholders decreased by 1.43% to ¥2,187,502,321.25 from ¥2,219,272,125.94 at the end of the previous year[5] - The company's total assets decreased to CNY 3,025,634,967.31 from CNY 3,166,828,604.24, a decline of 4.4%[24] - The total liabilities decreased to CNY 819,899,130.01 from CNY 942,784,437.26, a reduction of 13.0%[24] Investment and Expenses - The company reported a significant increase in investment income, up 306.51% to ¥109.37 million, due to improved profitability of joint ventures[11] - Research and development expenses decreased to 31,284,951.41 CNY in Q1 2024 from 39,832,219.99 CNY in Q1 2023, a reduction of about 21.5%[26] - Cash paid for the purchase of fixed assets decreased by 74.20%, totaling 16.35[13] - Cash paid for investments increased by 90.91%, amounting to 21,000.00, due to higher purchases of bank wealth management products[13] Government Support and Other Income - The company received government subsidies amounting to ¥500,000.00, contributing to a 160.14% increase in other income to ¥50.57 million[11] - The cash flow from taxes paid decreased by 75.03% to ¥1,672.83 million, as the previous year included a one-time tax payment due to policy expiration[12] Operational Metrics - The total operating costs for Q1 2024 were CNY 193,583,155.19, down 4.5% from CNY 202,744,266.64 year-over-year[25] - The accounts receivable balance was CNY 1,061,218,365.50, down 10.3% from CNY 1,182,951,622.83 at the beginning of the period[22] - The company’s backlog of orders reached approximately CNY 84 million, representing a year-over-year increase of 31.28%[20] - Fixed asset investment in the national railway sector reached CNY 124.8 billion in Q1 2024, marking a 9.9% increase year-over-year[20] Financial Ratios and Earnings - The basic and diluted earnings per share for Q1 2024 were both -0.0106 CNY, slightly better than -0.0111 CNY in Q1 2023[27] - Financial expenses rose by 75.16% to ¥119.30 million, attributed to increased loan interest from a larger loan scale[11]