CJS(600176)2024-04-25 09:51Financial Performance - The company's operating revenue for Q1 2024 was ¥3,382,461,403.67, representing a decrease of 7.86% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥350,293,847.52, down 61.97% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥168,205,778.28, a decline of 65.95% compared to the previous year[4]. - The basic earnings per share for the period was ¥0.0875, reflecting a decrease of 61.97% year-on-year[4]. - The company reported a net profit margin decline due to increased costs, impacting overall profitability[17]. - The net profit for Q1 2024 was ¥364.62 million, down from ¥950.04 million in Q1 2023, representing a decline of approximately 62%[18]. - The total comprehensive income for Q1 2024 was ¥368.65 million, compared to ¥875.20 million in Q1 2023, indicating a decrease of around 58%[19]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥191,382,726.93, indicating a significant cash outflow[4]. - The cash flow from operating activities for Q1 2024 was negative at ¥191.38 million, an improvement from a negative cash flow of ¥1,111.49 million in Q1 2023[21]. - Cash and cash equivalents as of March 31, 2024, amounted to CNY 3,811,987,801.28, up from CNY 3,126,268,154.16 at the end of 2023, reflecting a growth of 21.9%[14]. - Total cash and cash equivalents at the end of Q1 2024 amounted to ¥3,811,987,801.28, slightly down from ¥3,888,357,372.36 at the end of Q1 2023[22]. - Cash outflow from financing activities totaled ¥4,525,133,641.42 in Q1 2024, an increase of approximately 25.9% compared to ¥3,594,125,930.39 in Q1 2023[22]. - The impact of exchange rate changes on cash and cash equivalents was a negative ¥33,277,976.01 in Q1 2024, compared to a negative impact of ¥23,984,335.04 in Q1 2023[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥53,484,093,576.87, an increase of 2.71% from the end of the previous year[6]. - Total assets reached CNY 53,484,093,576.87 as of March 31, 2024, compared to CNY 52,073,958,059.20 at the end of 2023, indicating an increase of 2.71%[16]. - Total liabilities increased to CNY 23,131,783,410.92 in Q1 2024 from CNY 22,075,726,278.72 in Q4 2023, marking a rise of 4.78%[16]. - The company's equity attributable to shareholders rose to CNY 28,995,004,827.24 in Q1 2024 from CNY 28,642,001,801.65 in Q4 2023, an increase of 1.23%[16]. Shareholder Information - The top shareholder, China National Building Material Group Corporation, holds 1,079,739,151 shares, representing 26.97% of the total shares[9]. - There were no changes in major shareholders due to securities lending or borrowing activities during the reporting period[12]. Operational Highlights - The decline in net profit was primarily attributed to a decrease in product prices, leading to a reduction in gross margin[8]. - The company has not indicated any new product launches or significant market expansion strategies during this reporting period[13]. - Total operating costs for Q1 2024 were CNY 3,160,576,306.54, an increase of 3.52% from CNY 3,053,365,326.69 in Q1 2023[17]. - The company reported a significant increase in sales revenue from goods and services, totaling ¥2,363.14 million in Q1 2024, compared to ¥1,961.13 million in Q1 2023, marking a growth of approximately 20%[20]. Expenses - Research and development expenses for Q1 2024 were ¥127.23 million, down from ¥149.24 million in Q1 2023, showing a reduction of about 15%[18]. - The company’s financial expenses decreased to ¥59.95 million in Q1 2024 from ¥80.37 million in Q1 2023, a decline of approximately 25%[18]. - The company’s tax expenses for Q1 2024 were ¥84.73 million, compared to ¥179.83 million in Q1 2023, indicating a decrease of approximately 53%[18]. - Dividends and interest payments totaled ¥97,062,566.22 in Q1 2024, compared to ¥95,023,533.91 in Q1 2023, reflecting a slight increase[22].