YOFC(601869)2024-04-29 12:41Financial Performance - The company's operating revenue for Q1 2024 was ¥2,386,939,536, representing a decrease of 25.29% compared to the same period last year[4] - The net profit attributable to shareholders was ¥57,920,130, down 75.97% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,424,437, a decline of 89.36% compared to the previous year[4] - Basic and diluted earnings per share were both ¥0.08, reflecting a decrease of 75.00% year-on-year[4] - The weighted average return on equity was 0.51%, a decrease of 1.84 percentage points compared to the previous year[4] - Total operating revenue for Q1 2024 was RMB 2,386,939,536, a decrease of 25.3% compared to RMB 3,195,125,742 in Q1 2023[17] - Net profit for Q1 2024 was RMB 33,296,172, a significant decline of 84.9% from RMB 220,117,435 in Q1 2023[18] - Basic earnings per share for Q1 2024 were RMB 0.08, compared to RMB 0.32 in Q1 2023[18] - The company reported a total comprehensive income of RMB 2,621,404 for Q1 2024, a drastic drop from RMB 240,184,073 in Q1 2023[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥29,267,803,682, an increase of 0.43% from the end of the previous year[5] - The company's total assets reached CNY 29.27 billion, compared to CNY 29.14 billion at the end of 2023, indicating a growth of about 0.45%[15] - Total liabilities as of March 31, 2024, were CNY 14.79 billion, slightly up from CNY 14.74 billion as of December 31, 2023[15] - Long-term borrowings increased to CNY 5.65 billion from CNY 4.86 billion, an increase of approximately 16.1%[15] - The company reported a decrease in accounts payable to CNY 1.59 billion from CNY 1.79 billion, a decline of about 10.8%[14] Shareholder Information - The equity attributable to shareholders was ¥11,340,625,311, up 0.30% from the previous year[5] - The company had 27,264 common shareholders at the end of the reporting period[8] - The largest shareholder, China Huaxin Post and Telecommunication Technologies Co., Ltd., held 179,827,794 shares, accounting for 23.73% of total shares[8] Cash Flow and Investments - Cash flow from operating activities for Q1 2024 was RMB 104,046,501, recovering from a negative cash flow of RMB -53,560,243 in Q1 2023[20] - The company achieved cash inflow from operating activities of RMB 2,776,108,254 in Q1 2024, compared to RMB 3,505,687,852 in Q1 2023[20] - Investment income for Q1 2024 was RMB 102,310,111, significantly higher than RMB 19,918,645 in Q1 2023[20] - Cash flow from investment activities amounted to -238,302,608, a decrease from -755,026,135 in the previous quarter[21] - Cash inflow from financing activities totaled 1,962,310,024, compared to 1,413,134,459 in the prior quarter[21] - The net increase in cash and cash equivalents was 306,855,877, a significant improvement from -35,472,886 in the last quarter[21] - Total cash outflow from investment activities was 548,327,993, down from 920,430,351 in the previous quarter[21] Operational Costs - Total operating costs for Q1 2024 were RMB 2,313,251,760, down 21.5% from RMB 2,950,496,310 in Q1 2023[17] - Research and development expenses for Q1 2024 were RMB 156,132,152, a decrease of 13.8% from RMB 181,210,521 in Q1 2023[17] - Sales expenses for Q1 2024 were RMB 109,123,795, slightly down from RMB 110,935,862 in Q1 2023[17] Acquisition - The company completed the acquisition of RFS Germany and RFS Suzhou, with the transaction approved on October 13, 2023, and finalized on April 2, 2024[10][11] Accounting Standards - The company did not apply new accounting standards starting in 2024[21]