CS(600654)2024-04-29 11:49Financial Performance - The company's operating revenue for Q1 2024 was ¥611,841,813.03, representing a decrease of 6.44% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥19,790,411.59, an increase of ¥26,927,600 from a loss of ¥7,137,200 in the previous year[7]. - The net cash flow from operating activities was ¥138,858,637.75, a significant increase of ¥199,799,600 from a negative cash flow of ¥60,940,000 in the same period last year[7]. - The basic earnings per share for the period was ¥0.0070, while diluted earnings per share was ¥0.0069[7]. - Total operating revenue for Q1 2024 was ¥611,841,813.03, a decrease of 6.43% from ¥653,941,061.62 in Q1 2023[18]. - Net profit for Q1 2024 was ¥19,803,881.51, compared to a net loss of ¥7,135,888.62 in Q1 2023, marking a significant turnaround[19]. - The gross profit margin improved to 3.93% in Q1 2024 from a negative margin in Q1 2023[19]. - The company reported an operating profit of ¥26,145,413.22 in Q1 2024, compared to an operating loss of ¥1,876,941.21 in Q1 2023[18]. - Earnings per share for Q1 2024 were ¥0.0070, compared to a loss per share of ¥0.0025 in Q1 2023[19]. - Total liabilities decreased to ¥2,243,045,563.68 in Q1 2024 from ¥2,344,731,238.44 in Q1 2023, a reduction of approximately 4.34%[18]. - Shareholders' equity increased to ¥1,606,058,341.59 in Q1 2024 from ¥1,590,207,103.32 in Q1 2023, reflecting a growth of about 1.00%[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,849,103,905.27, a decrease of 2.18% from the previous year-end[7]. - As of March 31, 2024, the total current assets amounted to RMB 2,535,736,447.98, a decrease of 2.3% from RMB 2,595,737,282.20 on December 31, 2023[13]. - Total assets as of March 31, 2024, were RMB 3,849,103,905.27, down from RMB 3,934,938,341.76, a decrease of 2.2%[14]. - The company reported a total non-current assets of RMB 1,313,367,457.29, down from RMB 1,339,201,059.56, a decrease of 1.9%[14]. - Short-term borrowings rose significantly to RMB 5,467,618.85 from RMB 454,963.38, indicating a substantial increase[14]. - Accounts payable decreased to RMB 721,202,045.31 from RMB 793,669,411.69, a decline of 9.1%[14]. - Contract liabilities increased to RMB 56,590,930.63 from RMB 48,493,417.24, reflecting a growth of 16.3%[14]. Cash Flow - In Q1 2024, the net cash flow from operating activities was 60,939,979.09 in Q1 2023[22]. - Total cash inflow from operating activities in Q1 2024 was 773,090,688.97, resulting in a net cash flow of 25,163,990.65, compared to 15,811,653.47 in Q1 2024, an improvement from -102,580,814.79, down from 202,473,731.99 in Q1 2024, compared to -295,163,133.38, down from 25,000,000.00 from other investment-related cash in Q1 2024, an increase from 40,975,644.12 in total cash outflows for investment activities in Q1 2024, a decrease from 5,617,858.08 in Q1 2024, compared to -$4,780,367.55 in Q1 2023[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 48,414[10]. - The company implemented a stock incentive plan, resulting in an expense of ¥6,698,600 for the period[7]. Investment and R&D - Non-recurring gains and losses amounted to ¥31,388,728.50, primarily due to gains from debt restructuring and asset disposals[8]. - The company focused on core industries, leading to increased investment income from the resolution of equity transfer payments[9]. - Research and development expenses rose to ¥16,751,355.40 in Q1 2024, up from ¥15,274,109.92 in Q1 2023, indicating a focus on innovation[18]. - The company reported investment income of ¥32,138,970.32 in Q1 2024, a significant increase from ¥90,316.51 in Q1 2023[18]. Strategic Developments - The company has not reported any significant new strategies or product developments during this quarter[13].