CECO(603698)2024-04-29 09:15Financial Performance - The company's operating revenue for Q1 2024 was ¥237,515,952.25, representing a decrease of 53.91% compared to the same period last year[3] - The net profit attributable to shareholders was ¥12,827,669.21, down 61.33% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,191,086.24, a decline of 62.02%[3] - The basic and diluted earnings per share were both ¥0.02, reflecting a decrease of 66.67%[3] - The weighted average return on equity was 0.39%, a decrease of 0.67 percentage points compared to the previous year[3] - In Q1 2024, the company reported a net profit of CNY 12,827,669.21, a decrease of 61.3% compared to CNY 33,175,729.27 in Q1 2023[18] - The operating profit for Q1 2024 was CNY 14,420,025.34, down 51.8% from CNY 29,897,649.39 in the same period last year[18] - The company's total revenue from operating activities was CNY 201,298,084.04, a decline from CNY 283,466,782.09 in Q1 2023[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥369,669,020.44, indicating significant cash outflow[3] - Cash flow from operating activities showed a net outflow of CNY -369,669,020.44, worsening from CNY -177,053,029.88 in the previous year[23] - The company's cash and cash equivalents decreased to ¥1,896,294,270.75 as of March 31, 2024, from ¥2,174,441,336.49 at the end of 2023, representing a decline of 12.7%[11] - The total cash and cash equivalents at the end of Q1 2024 were CNY 1,651,055,390.27, slightly up from CNY 1,634,052,703.28 at the end of Q1 2023[24] - The company raised CNY 6,800,000.00 through financing activities in Q1 2024, with a net cash inflow of CNY 6,792,810.25 after outflows[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,392,579,511.24, a decrease of 1.28% from the end of the previous year[4] - The company's total assets were reported at ¥5,392,579,511.24, a decrease of 1.3% from ¥5,462,392,753.24 at the end of 2023[14] - The equity attributable to shareholders at the end of the reporting period was ¥3,283,859,130.19, an increase of 0.36% compared to the end of the previous year[4] - Total liabilities decreased to ¥2,091,720,381.05, down 4.0% from ¥2,180,097,243.41 in Q4 2023[13] Operational Metrics - Total operating costs for Q1 2024 were ¥210,213,072.60, down 55.2% from ¥469,086,610.88 in Q1 2023[17] - Accounts receivable increased to ¥473,285,816.12 in Q1 2024, up 10.8% from ¥427,245,283.60 in Q4 2023[12] - Inventory rose significantly to ¥410,938,513.43, an increase of 79.7% compared to ¥228,535,255.82 in Q4 2023[12] - Total current assets amounted to ¥4,224,690,814.76, a slight decrease of 1.6% from ¥4,294,635,932.27 in Q4 2023[12] Research and Development - Research and development expenses for Q1 2024 were CNY 20,353,074.47, compared to CNY 44,287,517.02 in Q1 2023, indicating a significant reduction[18] Other Financial Information - The company received government subsidies amounting to ¥472,893.39, which are closely related to its normal business operations[5] - The total number of ordinary shareholders at the end of the reporting period was 27,149[7] - The company incurred a credit impairment loss of CNY -27,044,373.17 in Q1 2024, compared to CNY -10,117,158.00 in the same quarter last year[18] - The company reported a slight increase in retained earnings to ¥1,565,632,907.62 from ¥1,552,805,238.41 in Q4 2023, indicating a stable profit retention strategy[14]