Riyue HI(603218)2024-04-29 10:09Financial Performance - In Q1 2024, the company's operating revenue was CNY 697,687,177.34, a decrease of 34.96% compared to the same period last year[15] - The net profit attributable to shareholders of the listed company was CNY 86,803,384.79, down 33.98% year-on-year[15] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 70,451,033.49, reflecting a decline of 37.35%[15] - Basic earnings per share were CNY 0.08, down 38.46% compared to the previous year[15] - The net profit for Q1 2024 was CNY 85,664,813.22, a decrease of 34.7% compared to CNY 131,032,018.72 in Q1 2023[33] - The company's operating profit for the quarter was CNY 96,418,018.17, a decrease of 38.3% from CNY 156,324,138.87 in the same quarter last year[33] - The total comprehensive income for Q1 2024 was CNY 85,664,813.22, compared to CNY 131,032,018.72 in Q1 2023, marking a decrease of 34.7%[34] Assets and Liabilities - Total assets increased to CNY 13,946,926,556.85, a rise of 0.97% from the end of the previous year[7] - The equity attributable to shareholders of the listed company was CNY 9,896,623,399.74, up 0.64% from the previous year-end[7] - Total liabilities as of March 31, 2024, were RMB 4,041,660,251.61, compared to RMB 3,968,082,975.69 at the end of 2023[29] - The company’s total liabilities increased to CNY 7,752,773,462.46, compared to CNY 7,570,995,146.86 in the previous year, reflecting an increase of about 2.4%[43] Cash Flow - The net cash flow from operating activities was negative at CNY -424,607,079.07, indicating a decrease in cash inflow[15] - Cash and cash equivalents as of March 31, 2024, were RMB 1,742,308,008.97, slightly up from RMB 1,732,341,533.91 at the end of 2023[26] - The cash flow from financing activities showed a net inflow of CNY 507,701,253.87, significantly higher than CNY 66,151,600.00 in Q1 2023[38] - Total cash inflow from operating activities was 893.73 million in the previous year[52] - The company reported a total cash outflow from operating activities of 1.36 billion year-over-year[52] Operating Costs and Expenses - Total operating costs for Q1 2024 were RMB 618,616,407.98, down 34.1% from RMB 940,341,919.98 in Q1 2023[31] - Research and development expenses for Q1 2024 amounted to RMB 31,923,247.69, a decrease of 45.1% compared to RMB 58,285,099.79 in Q1 2023[31] Shareholder Information - The number of common shareholders at the end of the reporting period was 57,514[20] - The top ten unrestricted shareholders held a total of 3,340,246 shares, representing a significant portion of the company's equity[23] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 12,024,300.79 during the period[7] - Non-recurring gains and losses included a loss from the disposal of non-current assets amounting to CNY -1,137,672.46[7] Inventory and Accounts Receivable - The company reported a significant increase in inventory, which rose to CNY 845,760,320.85 from CNY 652,271,845.08, indicating a growth of approximately 29.7%[43] - Accounts receivable increased to RMB 1,464,925,858.70 in Q1 2024 from RMB 1,434,967,789.52 in Q4 2023[26] Borrowings - The company’s long-term borrowings increased to RMB 721,840,000.00 in Q1 2024 from RMB 481,255,789.97 in Q4 2023[29] Accounting Standards - The company did not apply new accounting standards for the current year[54]