CIG(603083)2024-04-22 11:31Financial Performance - The company's operating revenue for Q1 2024 was ¥849,534,829.54, representing a decrease of 20.91% compared to the same period last year[3]. - The net profit attributable to shareholders for Q1 2024 was ¥25,954,695.51, down 63.69% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,446,742.29, a decline of 78.05% compared to the previous year[3]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.10, down 62.96% from the same period last year[3]. - Net profit amounted to RMB 31.16 million, with a significant turnaround from losses in the previous quarter, and net profit attributable to shareholders was RMB 25.95 million[17]. - The company reported a decrease in comprehensive income, totaling ¥28,360,774.66 in Q1 2024 compared to ¥72,814,235.05 in Q1 2023, a decline of approximately 61%[29]. Cash Flow - The net cash flow from operating activities was ¥56,997,618.81, reflecting a decrease of 51.08% year-on-year[3]. - The company generated a net cash flow from operating activities of RMB 56.99 million during the reporting period[17]. - In Q1 2024, the net cash flow from operating activities was ¥56,997,618.81, a decrease of 51.0% compared to ¥116,500,738.35 in Q1 2023[37]. - Total cash inflow from operating activities in Q1 2024 was ¥1,010,789,897.76, down 31.7% from ¥1,477,541,749.49 in Q1 2023[37]. - Cash outflow from operating activities in Q1 2024 was ¥953,792,278.95, a decrease of 30.0% compared to ¥1,361,041,011.14 in Q1 2023[37]. - The net cash flow from investing activities was -¥70,133,801.18 in Q1 2024, compared to -¥28,577,311.05 in Q1 2023[39]. - Cash inflow from financing activities in Q1 2024 was ¥610,754,821.18, an increase of 20.3% from ¥512,745,872.71 in Q1 2023[39]. - The net cash flow from financing activities was ¥314,772,705.58 in Q1 2024, significantly up from ¥57,192,756.00 in Q1 2023[39]. - The cash and cash equivalents at the end of Q1 2024 amounted to ¥725,047,316.65, an increase from ¥476,191,816.62 at the end of Q1 2023[39]. Assets and Liabilities - The total assets at the end of Q1 2024 were ¥5,216,491,370.91, an increase of 10.15% from the end of the previous year[3]. - The total liabilities increased to ¥2,897,412,429.80 in Q1 2024 from ¥2,447,957,856.35 in Q1 2023, marking an increase of about 18.3%[27]. - The total equity attributable to shareholders rose to ¥2,163,928,868.21 in Q1 2024 from ¥2,138,014,117.31 in Q1 2023, reflecting an increase of approximately 1.2%[27]. - The company's total current liabilities reached ¥2,643,112,146.47 in Q1 2024, compared to ¥2,238,144,498.03 in Q1 2023, an increase of approximately 18.1%[27]. - The company's total non-current liabilities increased to ¥254,300,283.33 in Q1 2024 from ¥209,813,358.32 in Q1 2023, reflecting an increase of about 21.1%[27]. Government Support and Non-Recurring Items - The company received government subsidies amounting to ¥18,601,879.39 during the reporting period[6]. - The company reported a non-recurring gain of ¥10,507,953.22 after tax for the period[6]. Research and Development - Research and development expenses for Q1 2024 were ¥67,562,496.79, slightly up from ¥66,357,290.00 in Q1 2023, indicating a year-over-year increase of about 1.8%[34]. Currency Impact - The company incurred a foreign exchange loss of RMB 12.39 million, highlighting the impact of currency fluctuations on financial performance[17]. - The company is closely monitoring exchange rate fluctuations and may implement risk mitigation measures as necessary[17].