ZYSC(600280)2024-04-25 10:42Financial Performance - The company's operating revenue for Q1 2024 was ¥633,288,932.35, representing a decrease of 0.71% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was ¥6,225,749.03, with a non-applicable percentage change[4] - The net profit attributable to shareholders of the listed company increased due to reduced expenses, although specific figures were not provided[7] - Net profit for Q1 2024 was ¥4,277,639.02, a significant recovery from a net loss of ¥30,638,786.69 in Q1 2023[18] - The total profit for Q1 2024 was ¥26,837,366.06, recovering from a loss of ¥5,484,214.00 in Q1 2023[18] - The company's net profit for Q1 2024 was CNY 18,398,750.73, a decrease of 31.1% from CNY 26,732,845.11 in Q1 2023[30] - Operating revenue for Q1 2024 was CNY 278,194,798.88, down 7.9% from CNY 301,922,191.69 in Q1 2023[30] Cash Flow - The net cash flow from operating activities decreased by 54.06% to ¥76,059,141.31[4] - Cash flow from operating activities for Q1 2024 was ¥76,059,141.31, down from ¥165,546,349.77 in Q1 2023[21] - In Q1 2024, the net cash flow from operating activities was ¥24,795,229.44, a decrease of 58.7% compared to ¥59,936,384.40 in Q1 2023[33] - The net cash flow from financing activities was -¥8,711,558.53, compared to -¥44,902,262.82 in the previous year, indicating an 80.5% improvement[34] - The company recorded a net cash outflow from financing activities of ¥64,316,215.71 in Q1 2024, an improvement from a net outflow of ¥119,481,369.76 in Q1 2023[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,680,809,693.95, an increase of 1.28% from the end of the previous year[5] - Total liabilities reached RMB 10,813,800,040.64, compared to RMB 10,670,430,217.68, marking an increase of approximately 1.34%[13] - The company's total assets increased to CNY 10,619,430,512.25 as of March 31, 2024, up from CNY 10,482,345,383.05 at the end of 2023, representing a growth of approximately 1.31%[27] - The company's total liabilities increased to CNY 8,255,111,131.27 as of March 31, 2024, compared to CNY 8,136,424,752.80 at the end of 2023, reflecting a growth of approximately 1.46%[27] Equity - The equity attributable to shareholders of the listed company was ¥845,242,531.35, reflecting a 0.75% increase from the previous year[5] - The company's total equity as of March 31, 2024, was RMB 867,009,653.31, slightly up from RMB 862,748,358.84, reflecting a growth of about 0.29%[13] - The total owner's equity rose to CNY 2,364,319,380.98 as of March 31, 2024, compared to CNY 2,345,920,630.25 at the end of 2023, an increase of approximately 0.78%[28] Operational Efficiency - The company implemented cost reduction measures, leading to an increase in both operating profit and net profit[7] - Total operating costs decreased by 6.00% to ¥606,003,566.33 in Q1 2024 from ¥644,282,835.14 in Q1 2023[17] - Operating profit for Q1 2024 was ¥28,183,321.71, compared to a loss of ¥5,010,677.60 in Q1 2023[18] Cash and Cash Equivalents - The company reported a significant increase in cash and cash equivalents by 77.30% due to new bill discounts during the reporting period[7] - Cash and cash equivalents at the end of Q1 2024 increased to ¥180,441,563.44 from ¥179,376,641.01 at the end of Q1 2023[22] - The company's cash and cash equivalents rose to RMB 379,570,738.15 from RMB 214,083,420.45, representing a significant increase of approximately 77.4%[11] - The cash and cash equivalents increased significantly to CNY 146,813,566.36 from CNY 32,811,704.28, marking a substantial rise of 346.5%[26] Other Income - Other income decreased by 39.42% due to a reduction in government subsidies compared to the same period last year[7] - The company experienced a 36.91% increase in non-operating income from merchant penalty fees during the reporting period[7] - The company reported an investment income of CNY 222,439.23 in Q1 2024, recovering from a loss of CNY 42,481.55 in Q1 2023[30]