QINCHUAN(000837)2024-04-29 14:06Financial Performance - The company's revenue for Q1 2024 was ¥980,971,659.88, a decrease of 2.62% compared to ¥1,007,396,335.87 in the same period last year[6] - Net profit attributable to shareholders was ¥25,495,179.80, down 56.12% from ¥58,095,538.95 year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥4,499,123.89, a decline of 77.54% compared to ¥20,029,690.80 in the previous year[6] - Basic and diluted earnings per share were both ¥0.0252, representing a decrease of 60.99% from ¥0.0646[6] - Net profit for the quarter was CNY 33,279,499.75, compared to CNY 62,715,710.91 in the previous year, indicating a decline of about 46.9%[24] - Comprehensive income total for Q1 2024 was CNY 35,650,701.97, a decrease of 42.4% compared to CNY 61,971,215.37 in the previous year[44] Cash Flow - The net cash flow from operating activities was negative at ¥117,867,135.47, contrasting with a positive cash flow of ¥3,465,804.99 in the same period last year[6] - Cash flow from operating activities showed a net outflow of CNY 117,867,135.47, contrasting with a net inflow of CNY 3,465,804.99 in the same period last year[26] - The net cash flow from operating activities was -121.33 million compared to the previous year[31] - The net cash flow from financing activities was -176.36 million compared to the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,763,943,642.66, down 0.98% from ¥9,860,349,892.53 at the end of the previous year[6] - The company's total assets decreased from CNY 9,860,349,892.53 to CNY 9,763,943,642.66, a decline of approximately 1%[20] - Total current assets at the end of the period were CNY 5,575,767,990.24, a decrease of 2.7% from CNY 5,732,446,675.91 at the beginning of the period[41] - Total liabilities decreased to CNY 4,335,127,642.27 from CNY 4,468,045,226.53, reflecting a reduction of 3%[41] - The company's long-term liabilities due within one year decreased from CNY 166,906,745.74 to CNY 46,953,111.35, a reduction of about 72%[20] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 0.58% to ¥4,792,371,513.02 from ¥4,764,771,133.99 at the end of the previous year[6] - Total equity attributable to shareholders of the parent company increased to CNY 4,792,371,513.02 from CNY 4,764,771,133.99, an increase of 0.6%[41] Investments and Expenses - The company invested CNY 283,800,000.00 in cash for investments during the quarter, compared to CNY 150,000,000.00 in the previous year, marking an increase of 89.2%[27] - Research and development expenses remained stable at CNY 44,444,037.12, slightly up from CNY 44,336,247.68, reflecting a focus on innovation[24] - The company reported a financial expense of CNY -1,519,230.44, a significant improvement from CNY 4,563,172.39 in the previous year[24] - Development expenditures increased by 31.66% to 78.48 million, reflecting increased R&D investment[31] - The financial expenses decreased significantly, with a reduction of 6.08 million due to lower interest expenses and increased interest income[31] Other Income and Gains - The company reported non-recurring gains of ¥20,996,055.91, primarily from government subsidies and asset disposals[10] - The fair value change income increased by 505.92% to 481,711.97, due to the write-off of long-aged receivables by subsidiaries[31] Share Repurchase - The company repurchased a total of 1,844,902 shares, accounting for 0.1827% of the total share capital, with a total transaction amount of approximately $15.81 million[36] - The company plans to repurchase shares using between RMB 20 million and RMB 40 million, with a maximum repurchase price of RMB 13.5 per share[35] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[6] - There were no significant mergers or acquisitions reported during this quarter[6]