GuoChuang(300520)2024-04-22 13:48Revenue and Profit - Revenue for the first quarter was 307.84 million yuan, a decrease of 42.77% compared to the same period last year[5] - Net profit attributable to shareholders of the listed company was 5.89 million yuan, an increase of 146.97% year-on-year[5] - Total revenue for Q1 2024 was RMB 307.84 million, a significant decrease from RMB 537.87 million in the same period last year[21] - Net profit attributable to the parent company's owners rose to 5,885,253.09 yuan from 2,383,027.40 yuan, marking a 147% increase[22] - Net profit attributable to the parent company was negative RMB 206.89 million in Q1 2024, compared to negative RMB 212.78 million in the previous quarter[19] - Basic earnings per share increased to 0.020 yuan from 0.010 yuan, reflecting a 100% increase[23] Operating Costs and Expenses - Operating costs decreased by 59.84% compared to the previous period, mainly due to a decrease in revenue and an increase in gross margin[8] - Operating costs for Q1 2024 were RMB 306.37 million, down from RMB 562.91 million in the previous year[21] - R&D expenses for Q1 2024 were RMB 56.65 million, a decrease from RMB 65.35 million in the same period last year[21] - Financial expenses decreased by 35.47% compared to the previous period, mainly due to an increase in interest income[8] - Other income decreased by 77.35% compared to the previous period, mainly due to a large amount of deferred income amortization transferred in the previous period[8] - Income tax expenses decreased significantly compared to the previous period, mainly due to an increase in credit impairment losses and corresponding deductible temporary differences[8] - Interest income increased to 6,114,708.54 yuan from 5,694,022.35 yuan, reflecting a growth of 7.4%[22] - Other income decreased significantly to 3,979,152.26 yuan from 17,570,636.02 yuan, a drop of 77.4%[22] Cash Flow - Net cash flow from operating activities was -243.98 million yuan, a decrease of 42.24% compared to the same period last year[5] - Net cash flow from investing activities increased significantly compared to the previous period, mainly due to a reduction in long-term asset investments[8] - Net cash flow from financing activities increased significantly compared to the previous period, mainly due to new bank loans obtained during the period[8] - Cash received from selling goods and providing services decreased to 412,717,720.92 yuan from 510,503,834.26 yuan, a decrease of 19.2%[24] - Cash paid for goods and services decreased to 286,250,616.62 yuan from 377,706,390.45 yuan, a reduction of 24.2%[24] - Net cash flow from operating activities was negative at -243,983,224.91 yuan, compared to -171,531,663.46 yuan in the previous period[24] - Net cash flow from investing activities turned positive at 51,783.66 yuan, compared to a negative -96,134,293.99 yuan in the previous period[26] - Net cash flow from financing activities increased significantly to 438,078,803.02 yuan from 53,587,135.64 yuan, a 718% increase[26] - The ending balance of cash and cash equivalents increased to 1,217,846,761.22 yuan from 485,915,623.75 yuan, a 150.6% increase[26] Assets and Liabilities - Total assets at the end of the reporting period were 4.89 billion yuan, an increase of 4.39% compared to the end of the previous year[5] - As of March 31, 2024, the company's monetary funds amounted to RMB 1,382,813,293.46, an increase from RMB 1,327,493,269.27 at the beginning of the period[17] - Accounts receivable decreased to RMB 992,640,748.81 from RMB 1,079,003,052.59 at the beginning of the period[17] - Inventory increased to RMB 372,028,563.63 from RMB 330,452,666.80 at the beginning of the period[17] - Other receivables significantly increased to RMB 255,756,529.50 from RMB 46,506,307.34 at the beginning of the period[17] - The total current assets amounted to RMB 3,294,047,554.35, up from RMB 3,089,483,091.23 at the beginning of the period[17] - Total assets as of Q1 2024 were RMB 4.89 billion, compared to RMB 4.69 billion at the end of the previous quarter[18] - Total liabilities as of Q1 2024 were RMB 2.86 billion, up from RMB 2.65 billion at the end of the previous quarter[19] - Short-term borrowings increased to RMB 844.55 million in Q1 2024 from RMB 589.99 million in the previous quarter[18] - Long-term receivables stood at RMB 74.62 million in Q1 2024, slightly up from RMB 72.26 million in the previous quarter[18] - Fixed assets were valued at RMB 656.49 million in Q1 2024, down from RMB 664.83 million in the previous quarter[18] - Total equity as of Q1 2024 was RMB 2.04 billion, slightly down from RMB 2.04 billion at the end of the previous quarter[19] Share Repurchase and Incentives - The company repurchased 1,090,000 shares, accounting for 0.37% of the total shares outstanding, with a total transaction value of RMB 12,389,410[15] - The company plans to use RMB 20 million to RMB 40 million for share repurchases through centralized bidding[15] - The company granted 5.8 million Class II restricted shares to 210 incentive recipients on April 22, 2024[15] Shareholder Information - The company's largest shareholder, Hefei Guochuang Intelligent Technology Co., Ltd., holds 55,897,439 unrestricted shares[11] - The company's actual controller, Dong Yongdong, holds 3,238,995 unrestricted shares[11]