ACCELINK(002281)2024-04-25 11:58Financial Performance - The company's revenue for Q1 2024 was ¥1,291,006,993.41, representing a 1.79% increase compared to ¥1,268,270,914.24 in the same period last year[3]. - Net profit attributable to shareholders decreased by 24.21% to ¥77,431,637.10 from ¥102,167,953.22 year-on-year[3]. - Basic and diluted earnings per share both decreased by 23.08% to ¥0.10 from ¥0.13 year-on-year[3]. - The total operating revenue for Q1 2024 was CNY 1,291,006,993.41, an increase from CNY 1,268,270,914.24 in the same period last year, representing a growth of approximately 1.79%[16]. - The net profit attributable to the parent company was ¥77.43 million, down from ¥102.17 million in the same period last year, reflecting a decrease of approximately 24.2%[18]. - The total comprehensive income for Q1 2024 was ¥76.23 million, compared to ¥98.02 million in the same period last year, representing a decline of about 22.2%[18]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥67,172,731.91, a decline of 131.90% compared to a positive cash flow of ¥210,574,765.86 in the previous year[7]. - The cash position remains robust, providing a solid foundation for future investments and operational needs[13]. - The cash flow from operating activities was ¥1,555.07 million, compared to ¥1,517.28 million in the previous year, showing an increase of about 2.5%[19]. - The net cash flow from investment activities was 91,137,887.72 CNY, a significant improvement from -178,185,802.12 CNY in Q1 2023[20]. - Cash and cash equivalents at the end of Q1 2024 amounted to 3,702,497,644.43 CNY, slightly down from 3,712,697,939.62 CNY at the end of Q1 2023[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥12,027,214,832.56, showing a slight decrease of 0.01% from the previous year[3]. - Total liabilities decreased to CNY 3,488,874,837.08 from CNY 3,595,180,333.45, a reduction of about 2.96%[15]. - Accounts receivable decreased to CNY 1,654,922,014.59 from CNY 1,967,517,917.36, a decline of about 15.87%[14]. - Inventory increased significantly to CNY 2,419,125,334.86, up from CNY 1,886,274,719.08, marking an increase of approximately 28.19%[14]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 136,019, with the largest shareholder, China Information Technology Group, holding 36.70% of shares[8]. - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder owning 2.14%[8]. - The total number of shares held by the top ten shareholders amounts to 291,478,944 shares, representing a substantial portion of the company's equity[8]. - The largest shareholder, China Information Technology Group, is a state-owned entity, indicating strong government backing[8]. - The total number of shares held by the top ten unrestricted shareholders is 291,478,944, reflecting their significant influence on company decisions[8]. Operational Expenses and Investments - Sales expenses rose by 81.36% to ¥42,964,500.18, primarily due to increased market expansion efforts and stock incentive costs[6]. - Research and development expenses increased to ¥148.73 million, compared to ¥135.07 million in Q1 2023, marking a rise of about 10.2%[17]. - The company reported a net loss from investment income of ¥2.63 million, contrasting with a gain of ¥0.72 million in Q1 2023[17]. - The company has engaged in securities lending activities, with 455,900 shares currently not returned, representing 0.06% of total equity[11]. Other Income and Expenses - The company experienced a 196.05% increase in other income, totaling ¥26,530,913.72, mainly due to increased government subsidies[6]. - The company reported a 99.60% decrease in non-operating income, which fell to ¥85,950.14 from ¥21,399,226.35 in the previous year, indicating a reduction in non-operating activities[6]. - The tax expenses for Q1 2024 were ¥6.18 million, a decrease from ¥6.83 million in Q1 2023, reflecting a reduction of approximately 9.6%[17].