XGD(300130)2024-04-23 10:25Financial Performance - The company's operating revenue for Q1 2024 was ¥782,668,735.30, a decrease of 22.74% compared to ¥1,013,068,269.44 in the same period last year[8] - Net profit attributable to shareholders was ¥220,770,697.04, representing a significant increase of 66.40% from ¥132,674,507.57 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥211,670,558.50, up 79.08% from ¥118,198,151.49 in the previous year[8] - The basic earnings per share increased to ¥0.40, a rise of 53.85% compared to ¥0.26 in the same period last year[8] - Total profit rose by 64.99% to ¥220,429,557.38 from ¥133,602,809.98 year-on-year, supported by improved gross margins in transaction and value-added services, increased investment income, and reduced sales expenses[25] - Net profit for Q1 2024 was ¥220,011,158.16, an increase of 66.5% compared to ¥132,216,469.26 in Q1 2023[36] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,613,938,647.98, reflecting a growth of 2.65% from ¥5,468,848,631.11 at the end of the previous year[8] - The total liabilities decreased to ¥1,082,067,777.34, down 6.9% from ¥1,163,281,016.49 year-over-year[36] - The total equity attributable to shareholders of the parent company increased to ¥4,532,455,193.91, up from ¥4,305,682,382.37 in the previous year[36] Cash Flow - The net cash flow from operating activities was ¥84,832,683.65, down 27.95% from ¥117,746,521.81 in the same period last year[8] - The company reported a net increase in cash and cash equivalents of ¥75,313,683.93, a decrease of 39.74% compared to ¥124,983,461.06 in the previous year[13] - Operating cash inflow totaled CNY 1,049,641,640.50, a decrease of 13.7% from CNY 1,216,239,096.29 in the previous period[39] - Operating cash outflow amounted to CNY 964,808,956.85, down from CNY 1,098,492,574.48, resulting in a net cash flow from operating activities of CNY 84,832,683.65, a decline of 28.0%[39] - Cash flow from investing activities showed a net outflow of CNY 1,683,347.87, improving from a net outflow of CNY 4,557,639.24 in the previous period[39] - Cash flow from financing activities resulted in a net outflow of CNY 5,564,357.15, compared to a net inflow of CNY 14,152,890.69 previously[57] Expenses - Total operating costs decreased by 34.47% to ¥437,320,385.49 compared to ¥667,335,571.56 in the same period last year, primarily due to a decline in operating revenue[25] - Sales expenses reduced by 37.19% to ¥48,189,247.56 from ¥76,726,758.36 year-on-year, mainly due to a decrease in salaries and bonuses for sales personnel[25] - Research and development expenses for Q1 2024 were ¥58,650,680.19, a decrease of 29.0% from ¥82,446,839.98 in Q1 2023[36] Investments - Financial income increased significantly by 1114.40%, reaching -¥9,756,947.64, attributed to higher interest income during the reporting period[25] - Investment income surged by 684.02% to ¥14,143,245.09, compared to a loss of -¥2,421,713.06 in the previous year, driven by increased earnings from associated companies[25] Other Financial Metrics - The company reported a 69.82% decrease in income tax expenses, amounting to ¥418,399.22, reflecting a decline in current tax liabilities[25] - Other receivables increased by 30.48% to ¥80,582,159.38, primarily due to an increase in prepaid vouchers during the reporting period[25] - Intangible assets grew by 37.89% to ¥7,748,233.45, mainly due to the acquisition of new software[25] - The company’s minority shareholder equity showed a significant decline of 409.14%, reaching -¥584,323.27, primarily due to losses from associated companies[25] - Contract liabilities decreased by 31.34% to ¥65,710,376.86, mainly due to the expiration and write-off of advance receipts during the reporting period[25]