STS(603322)2024-04-29 09:41Financial Performance - The company's operating revenue for Q1 2024 reached ¥813,602,191.78, representing a significant increase of 215.26% compared to the same period last year[4] - Net profit attributable to shareholders was ¥22,202,184.93, with a net profit excluding non-recurring gains and losses of ¥21,694,955.87[4] - Basic and diluted earnings per share were both ¥0.14[4] - The company reported a net loss of RMB 70,602,426.30 for the first quarter of 2024, an improvement compared to a net loss of RMB 92,804,611.23 in the same period last year[16] - Net profit for Q1 2024 was ¥21.68 million, a turnaround from a net loss of ¥23.29 million in Q1 2023[21] - Basic earnings per share for Q1 2024 improved to ¥0.14, compared to a loss of ¥0.13 per share in Q1 2023[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥73,702,448.01, primarily due to payments for supplier procurement[7] - Cash flow from operating activities showed a net outflow of ¥73.70 million in Q1 2024, worsening from a net outflow of ¥46.25 million in Q1 2023[24] - Cash and cash equivalents decreased significantly from RMB 211,913,249.99 to RMB 101,621,334.74, a decline of approximately 52.0%[14] - Cash and cash equivalents at the end of Q1 2024 were ¥67.20 million, down from ¥174.26 million at the end of Q1 2023[25] - The company reported a total investment cash outflow of ¥1.41 million in Q1 2024, compared to ¥2.14 million in Q1 2023[25] - Financing activities generated a net cash inflow of ¥50.00 million in Q1 2024, compared to a smaller inflow of ¥4.09 million in Q1 2023[25] - The company received ¥100 million in borrowings during Q1 2024, an increase from ¥60 million in Q1 2023[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,289,309,265.82, up 4.69% from the end of the previous year[5] - The company's current assets totaled RMB 1,741,053,521.40, up from RMB 1,609,417,475.91, indicating an increase of about 8.2%[14] - The company's total liabilities increased to RMB 1,935,519,750.17 from RMB 1,854,881,342.41, marking a rise of about 4.3%[16] - The equity attributable to shareholders improved from RMB 295,355,421.26 to RMB 317,557,606.19, reflecting an increase of approximately 7.5%[16] Operational Highlights - The company attributed the significant revenue growth to the expected income from its computing power business[7] - Total operating costs for Q1 2024 were ¥785.57 million, up from ¥278.45 million in Q1 2023, reflecting a 182.5% increase[20] - The weighted average return on equity increased by 16.43 percentage points to 7.24%[4] - The total number of common shareholders at the end of the reporting period was 30,250[9] - Non-recurring gains and losses amounted to ¥507,229.06, after accounting for tax effects and minority interests[7] - The company has not reported any significant changes in shareholder structure or major financing activities during the reporting period[12] Inventory and Receivables - Accounts receivable rose to RMB 644,939,582.74 from RMB 560,883,039.89, representing an increase of around 15.0%[14] - Inventory increased from RMB 140,853,880.24 to RMB 152,710,528.02, which is an increase of about 8.4%[14] - The company reported a significant decrease in credit impairment losses, which were ¥3.35 million in Q1 2024, compared to ¥9.46 million in Q1 2023[20]