Quechen Company(605183)2024-04-24 09:19Financial Performance - The company's operating revenue for Q1 2024 was ¥522,690,068.89, representing a year-on-year increase of 25.90%[6] - The net profit attributable to shareholders for the same period was ¥122,337,624.54, reflecting a growth of 45.64% compared to the previous year[6] - The basic earnings per share increased by 45.00% to ¥0.29[6] - Total operating revenue for Q1 2024 reached ¥522,690,068.89, an increase of 25.9% compared to ¥415,148,117.97 in Q1 2023[19] - Operating profit for Q1 2024 was ¥136,905,640.00, compared to ¥90,183,014.06 in Q1 2023, indicating a significant increase of 51.7%[19] - The net profit for Q1 2024 was CNY 122,283,229.05, an increase of 45.5% compared to CNY 83,998,263.97 in Q1 2023[20] - Basic and diluted earnings per share for Q1 2024 were CNY 0.29, up from CNY 0.20 in Q1 2023, representing a 45% increase[21] - The total comprehensive income for Q1 2024 was CNY 105,466,546.98, compared to CNY 83,603,395.58 in Q1 2023, reflecting a growth of 26.1%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,436,109,034.17, a slight increase of 0.54% from the end of the previous year[7] - Total assets amounted to ¥3,436,109,034.17 as of March 31, 2024, compared to ¥3,417,657,241.20 at the end of 2023, reflecting a growth of 0.5%[16] - Total liabilities decreased to ¥405,763,131.03 as of March 31, 2024, from ¥438,424,078.39 at the end of 2023, a reduction of 7.4%[16] - Total equity attributable to shareholders increased to ¥3,029,975,610.14 as of March 31, 2024, compared to ¥2,978,808,474.32 at the end of 2023, an increase of 1.7%[16] Cash Flow - The net cash flow from operating activities decreased by 7.57% to ¥106,877,677.81[6] - Cash flow from operating activities for Q1 2024 was CNY 106,877,677.81, a decrease of 7.6% from CNY 115,625,201.97 in Q1 2023[22] - The company reported a decrease in cash flow from operating activities, with total cash inflows of CNY 397,228,164.98, down from CNY 438,970,479.67 in the previous year[22] - Cash and cash equivalents as of March 31, 2024, were ¥428,741,856.97, down from ¥474,965,575.77 at the end of 2023, a decrease of 9.7%[14] - The cash and cash equivalents at the end of Q1 2024 were CNY 427,332,640.97, compared to CNY 264,878,669.44 at the end of Q1 2023[23] - The company experienced a foreign exchange impact on cash and cash equivalents of CNY 590,336.82 in Q1 2024, compared to -CNY 1,319,799.32 in Q1 2023[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,543[11] - The company repurchased shares amounting to approximately ¥54.77 million during the reporting period[9] Other Financial Metrics - The weighted average return on equity rose by 0.95 percentage points to 4.06%[6] - The company reported a total of ¥6,547,251.44 in non-recurring gains and losses for the period[8] - The company’s prepayments increased by 48.41% due to higher payments for energy and materials[8] - Cash inflow from investment activities in Q1 2024 was CNY 554,922,054.58, significantly higher than CNY 108,245,000.47 in Q1 2023[23] - The net cash flow from investment activities for Q1 2024 was -CNY 81,323,367.79, an improvement from -CNY 467,323,361.68 in Q1 2023[23] - The company did not apply new accounting standards for the first time in 2024[24]