Qiangsheng Holding(600662)2024-04-25 09:37Financial Performance - The company's revenue for Q1 2024 reached ¥5,370,854,215.60, representing a year-on-year increase of 15.77%[12] - Net profit attributable to shareholders was ¥193,692,774.05, reflecting a growth of 5.99% compared to the same period last year[12] - The net profit after deducting non-recurring gains and losses was ¥113,882,577.93, with a slight increase of 0.75% year-on-year[12] - The basic earnings per share for the quarter was ¥0.0856, up by 6.07% from the previous year[12] - The total operating revenue for Q1 2024 was RMB 5,370,854,215.60, an increase of 15.8% compared to RMB 4,639,049,759.55 in Q1 2023[31] - The net profit for Q1 2024 was RMB 224,163,218.09, representing a 10.5% increase from RMB 202,780,666.57 in Q1 2023[32] - The total profit for Q1 2024 was RMB 297,537,521.37, an increase of 10.1% from RMB 270,209,226.97 in Q1 2023[32] - The total comprehensive income for Q1 2024 was RMB 224,133,052.69, up from RMB 202,734,255.59 in Q1 2023, marking an increase of 10.5%[32] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥15,627,429,280.05, a decrease of 1.73% from the end of the previous year[14] - The total liabilities decreased from ¥11,241,529,231.09 to ¥10,735,981,464.33, a reduction of approximately 4.5%[36] - Total assets decreased from ¥15,902,243,916.79 to ¥15,627,429,280.05, a decline of approximately 1.72%[36] - The company's short-term borrowings decreased significantly from ¥1,231,877,769.45 to ¥735,000,000.00, a reduction of approximately 40.4%[35] - Accounts payable decreased from ¥1,543,324,533.69 to ¥1,298,264,734.17, a decline of about 15.9%[36] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 4.64% to ¥4,437,656,452.54 compared to the end of the previous year[14] - The total owner's equity increased from ¥4,660,714,685.70 to ¥4,891,447,815.72, reflecting a growth of approximately 4.9%[36] - The company's retained earnings increased from ¥1,154,126,108.73 to ¥1,347,818,882.78, an increase of about 16.8%[36] Cash Flow - The company reported a net cash flow from operating activities of -¥143,441,944.22, indicating a significant cash outflow[12] - Cash inflow from operating activities increased to ¥6,150,607,064.83 in Q1 2024, compared to ¥6,104,127,501.96 in Q1 2023, showing a slight growth[42] - The net cash flow from operating activities was negative at ¥-143,441,944.22 for Q1 2024, worsening from ¥-84,758,205.01 in Q1 2023[42] - The net cash flow from investing activities was -19,772,816.67 in the previous period[47] - Cash inflow from financing activities totaled 1,005,706,657.00 in the prior period[47] - The net cash flow from financing activities was -986,437,293.90 previously[47] - The total cash and cash equivalents decreased by $664,995,982.76 during the period[47] Expenses - The total operating costs for Q1 2024 were RMB 5,215,729,341.96, up 16.0% from RMB 4,496,562,345.75 in Q1 2023[31] - The company’s tax expenses for Q1 2024 were RMB 73,374,303.28, compared to RMB 67,428,560.40 in Q1 2023, indicating a rise of 8.8%[32] - Research and development expenses increased to RMB 22,292,252.37 in Q1 2024, up 68.9% from RMB 13,192,453.05 in Q1 2023[31] Ownership Structure - The total number of shares held by the top 10 shareholders accounted for 74.67% of the total shares, indicating a high concentration of ownership[6] - The number of ordinary shares at the end of the reporting period was 52,474, indicating a stable shareholder base[31]