BTH(600640)2024-04-25 08:19Financial Performance - The company's operating revenue for Q1 2024 was ¥510,349,073.15, representing a year-on-year increase of 6.30%[5] - The net profit attributable to shareholders decreased by 78.25% to ¥5,310,648.45 compared to the same period last year[5] - The basic and diluted earnings per share both stood at ¥0.0067, reflecting a decline of 78.25% year-on-year[5] - The net cash flow from operating activities decreased by 39.47% to ¥116,685,226.39 compared to the previous year[5] - The company reported a net profit margin of approximately 1.5% for Q1 2024, compared to 1.3% in Q1 2023[19] - In Q1 2024, the net profit was CNY 5,655,314.32, a decrease from CNY 24,975,844.72 in Q1 2023, representing a decline of approximately 77.3%[20] - The total profit for Q1 2024 was CNY 10,924,817.57, compared to CNY 27,446,003.91 in Q1 2023, indicating a decrease of about 60.2%[20] - Operating profit for Q1 2024 was CNY 9,592,756.76, down from CNY 28,037,812.72 in Q1 2023, reflecting a decline of approximately 65.7%[20] - The total comprehensive income for Q1 2024 was CNY 5,655,314.32, compared to CNY 24,975,844.72 in Q1 2023, indicating a decline of approximately 77.3%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,338,788,526.38, a decrease of 1.69% from the end of the previous year[6] - Total assets as of Q1 2024 amounted to ¥5,338,788,526.38, down from ¥5,430,339,477.16 in the previous year[18] - Total liabilities decreased to ¥888,083,527.04 in Q1 2024 from ¥985,289,792.14 in Q1 2023, a reduction of 9.9%[17] - The company's equity increased slightly to ¥4,450,704,999.34 in Q1 2024 from ¥4,445,049,685.02 in Q1 2023[17] Cash Flow - Cash flow from operating activities in Q1 2024 was CNY 116,685,226.39, a decrease from CNY 192,759,770.30 in Q1 2023, representing a decline of about 39.4%[23] - Cash and cash equivalents as of March 31, 2024, amounted to RMB 1,752,350,849.99, an increase from RMB 1,347,999,797.90 as of December 31, 2023[15] - Cash and cash equivalents decreased to ¥2,547,251,828.70 in Q1 2024 from ¥2,612,480,860.10 in Q1 2023, a decline of 2.5%[18] - The cash flow from investment activities in Q1 2024 was CNY 288,696,911.20, compared to a negative cash flow of CNY 193,866,690.29 in Q1 2023, indicating a significant improvement[23] - The company experienced a net cash outflow from financing activities of CNY 967,900.51 in Q1 2024, compared to a net outflow of CNY 1,072,826.40 in Q1 2023[23] Shareholder Information - The total equity attributable to shareholders increased slightly by 0.13% to ¥3,961,360,087.71 compared to the end of the previous year[6] - The total number of ordinary shares at the end of the reporting period was 45,237[11] - China Telecom Group Co., Ltd. holds 51.16% of the shares, while China Telecom Group Industrial Asset Management Co., Ltd. holds 14.10%[11] - The top three shareholders are state-owned entities, indicating a strong government influence in the company[12] - The company has no strategic investors or general legal entities participating in the new share placement during the reporting period[12] - There were no significant changes in the shareholding structure due to the transfer of shares during the reporting period[13] Operational Insights - The company reported non-recurring gains of ¥2,433,751.84 for the period, with significant contributions from government subsidies and asset disposals[8] - The average gross profit margin improved by 4.3 percentage points year-on-year, contributing to the increase in net profit excluding non-recurring items[9] - The company is focusing on accelerating key business expansions, which is expected to enhance profitability in the upcoming quarters[9] - The company plans to focus on market expansion and new product development in the upcoming quarters[19] - The company reported no other important information regarding its operational situation during the reporting period[14] Cost Management - Total operating costs for Q1 2024 were ¥504,261,859.02, a decrease of 0.5% from ¥507,494,466.55 in Q1 2023[19] - Research and development expenses decreased to ¥15,662,541.46 in Q1 2024 from ¥20,059,070.18 in Q1 2023, reflecting a reduction of 21.9%[19] - Accounts receivable decreased to RMB 284,353,351.30 from RMB 481,866,242.46[15] - Other receivables increased to RMB 145,096,191.49 from RMB 118,225,007.63[15] - Inventory increased to RMB 17,995,033.24 from RMB 10,581,595.18[15]