Changqing(603768)2024-04-29 07:56Financial Performance - The company's operating revenue for Q1 2024 was CNY 739,370,114.51, representing a decrease of 6.12% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was CNY 32,051,736.42, down 39.56% year-on-year[5]. - The basic earnings per share decreased by 38.46% to CNY 0.16[5]. - Total operating revenue for Q1 2024 was CNY 739,370,114.51, a decrease of 6.1% from CNY 787,555,285.51 in Q1 2023[22]. - Net profit for Q1 2024 was CNY 32,051,736.42, down 39.5% from CNY 53,033,076.51 in Q1 2023[24]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,222,214,493.24, an increase of 6.50% from the end of the previous year[6]. - Total liabilities as of Q1 2024 amounted to CNY 3,192,796,496.92, an increase from CNY 2,906,292,588.94 in Q1 2023[19]. - Total equity attributable to shareholders reached CNY 2,029,417,996.32 in Q1 2024, up from CNY 1,997,366,259.90 in Q1 2023[19]. Cash Flow - The company's cash flow from operating activities was CNY 24,478,323.60, with a year-on-year increase of 120.98%[9]. - Cash flow from operating activities was CNY 481,121,513.50 in Q1 2024, up from CNY 411,838,361.46 in Q1 2023, indicating a 16.7% increase[27]. - The net cash flow from operating activities for Q1 2024 was $24,478,323.60, a significant improvement compared to a net outflow of $116,700,715.93 in Q1 2023[28]. - Cash and cash equivalents at the end of Q1 2024 totaled $268,225,056.57, an increase from $201,539,907.78 at the end of Q1 2023[29]. Research and Development - Research and development expenses increased by 43.54% compared to the same period last year, reflecting the company's commitment to enhancing its competitive edge[8]. - Research and development expenses increased to CNY 35,899,376.68 in Q1 2024, compared to CNY 25,010,281.58 in Q1 2023, reflecting a 43.6% rise[22]. - The company plans to continue focusing on R&D and market expansion strategies to enhance future performance[22]. Shareholder Information - The top shareholder, Wu Yinghong, holds 31.86% of the shares, with a total of 64,999,500 shares pledged amounting to 30,960,000 shares[12]. - The second-largest shareholder, Wu Yingju, owns 18.38% of the shares, totaling 37,485,000 shares[12]. - The company has no significant changes in the top 10 shareholders due to the absence of share lending activities[14]. Operational Efficiency - The company experienced a credit impairment loss of CNY 5,460,437.08 in Q1 2024, compared to a gain of CNY 826,971.22 in Q1 2023[23]. - The company’s cash flow from operating activities showed a positive trend, indicating improved operational efficiency and financial health[28].