CS&S(600536)2024-04-29 09:47Financial Performance - The company's operating revenue for Q1 2024 was ¥702,706,014.87, representing a decrease of 42.32% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was -¥110,749,176.65, with a net profit excluding non-recurring gains and losses of -¥123,041,688.45[4] - The net cash flow from operating activities was -¥876,696,034.24, indicating significant cash outflow during the period[4] - The company reported a 62.40% decrease in operating costs, attributed to a decline in business volume[8] - The net profit margin was impacted by a significant increase in expenses related to donations during the period[8] - The company reported a significant increase in development expenditures to ¥248,802,482.52 from ¥176,768,470.01, reflecting an increase of approximately 40.73%[17] - Net profit for Q1 2024 was a loss of approximately ¥113.76 million, compared to a loss of ¥201.69 million in Q1 2023, representing a 43.5% improvement[22] - The company reported a total comprehensive loss of approximately ¥113.62 million for Q1 2024, compared to a loss of ¥201.80 million in Q1 2023[23] - Basic earnings per share for Q1 2024 were -¥0.13, an improvement from -¥0.31 in Q1 2023[23] Cash Flow and Liquidity - Cash and cash equivalents decreased by 30.23% due to significant cash outflows from operations[7] - The net cash flow from operating activities for Q1 2024 was approximately -¥876.70 million, an improvement from -¥1,174.64 million in Q1 2023[24] - The company received cash from operating activities totaling approximately ¥973.04 million in Q1 2024, down from ¥1,457.87 million in Q1 2023[24] - The company's cash and cash equivalents decreased by ¥604,449,608.16 in Q1 2024, compared to a decrease of ¥953,465,351.57 in the same period last year, showing improved cash management[25] - The ending balance of cash and cash equivalents was ¥1,333,077,158.65, down from ¥1,359,437,064.38 in the previous year, indicating a slight decline in liquidity[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,797,183,018.22, down 4.96% from the end of the previous year[4] - Current assets totaled ¥6,119,281,468.73, down from ¥6,313,165,951.08, indicating a decrease of about 3.07%[18] - Total liabilities decreased to ¥5,560,530,397.28 from ¥5,827,040,421.69, a reduction of about 4.59%[19] - The company's equity attributable to shareholders decreased to ¥2,188,938,343.09 from ¥2,278,765,366.22, a decline of approximately 3.93%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period was 152,846[9] - China Electronics Co., Ltd. holds 252,814,614 shares, accounting for 29.41% of total shares[11] - The company has repurchased 3,104,143 shares, representing 0.36% of the total share capital, with a total expenditure of approximately 99.97 million RMB[15] - The maximum purchase price for repurchased shares was 33 RMB per share, and the minimum was 30.84 RMB per share[15] - The top ten shareholders hold a significant portion of shares, with the largest shareholder being China Electronics Co., Ltd.[11] - The company has not identified any related party transactions among its major shareholders[10] Financing Activities - Short-term borrowings increased by 51.19% as a result of obtaining new bank loans during the period[7] - The total cash inflow from financing activities was ¥419,732,000.00, up from ¥350,697,201.98 in the same quarter last year, indicating a 19.4% increase[25] - The company incurred cash outflows for financing activities totaling ¥301,595,431.74, compared to ¥104,671,514.28 in the previous year, reflecting a substantial increase in financing costs[25] - The net cash flow from financing activities was ¥118,136,568.26, a decrease from ¥246,025,687.70 year-over-year, indicating a shift in financing strategy[25] Investment Activities - The investment fund plans to invest 31.38 million RMB in the company’s affiliate, Yijingjie, for equity acquisition[14] - The company is in the process of transferring its stake in Zhongdian Juxin to Zhongdian Jintou for a total of 309.34 million RMB[14] - The company made capital expenditures of ¥3,655,804.73 in Q1 2024, compared to ¥14,941,286.04 in the previous year, reflecting a reduction in investment in fixed assets[25] - The company received cash from investments totaling ¥962,000.00, a decrease from ¥56,773,240.00 in the previous year, indicating a decline in investment activity[25] Accounting and Reporting - The company did not apply new accounting standards for the first time in 2024, maintaining consistency in financial reporting[25]