CITIC COHC(000099)2024-04-25 11:34Financial Performance - The company's operating revenue for Q1 2024 was ¥457,407,939.62, representing a 12.96% increase compared to ¥404,919,016.51 in the same period last year[5]. - Net profit attributable to shareholders was ¥83,542,174.18, up 21.69% from ¥68,654,095.99 year-on-year[5]. - Basic earnings per share were ¥0.1077, reflecting a 21.69% increase from ¥0.0885 in the same period last year[5]. - Total operating revenue for Q1 2024 reached ¥457,407,939.62, an increase of 12.97% compared to ¥404,919,016.51 in Q1 2023[26]. - Net profit for Q1 2024 was ¥84,259,512.65, representing a 28.91% increase from ¥65,372,891.19 in Q1 2023[27]. - The total comprehensive income for Q1 2024 was ¥84,259,512.65, compared to ¥65,372,891.19 in Q1 2023, marking an increase of 28.9%[28]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.1077, up from ¥0.0885 in Q1 2023, reflecting a growth of 21.6%[28]. Cash Flow and Assets - The net cash flow from operating activities reached ¥424,082,477.77, a significant increase of 104.76% compared to ¥207,111,423.47 in the previous year[5]. - Cash and cash equivalents increased to ¥1,534,430,699.18 from ¥1,235,500,647.85, marking a growth of 24.23%[24]. - Accounts receivable decreased to ¥677,291,046.77 from ¥943,070,280.77, a decline of 28.19%[24]. - Total assets at the end of the reporting period were ¥6,443,184,549.26, an increase of 2.28% from ¥6,299,436,327.74 at the end of the previous year[5]. - Cash and cash equivalents at the end of Q1 2024 amounted to ¥1,521,919,234.82, a decrease from ¥1,545,575,649.00 at the end of Q1 2023[32]. - The cash inflow from operating activities totaled ¥788,178,369.70 in Q1 2024, compared to ¥664,899,566.90 in Q1 2023, indicating an increase of 18.5%[31]. - The cash outflow from operating activities was ¥364,095,891.93 in Q1 2024, down from ¥457,788,143.43 in Q1 2023, showing a reduction of 20.5%[31]. Expenses and Liabilities - Total operating costs for Q1 2024 were ¥405,060,542.15, up from ¥368,113,043.18 in the same period last year, reflecting a rise of 10.04%[27]. - Financial expenses increased to ¥4,194,300, a rise of 169.69% compared to a negative amount of ¥601,880 in the previous year[10]. - Total liabilities increased to ¥1,129,359,221.06 from ¥1,069,870,512.19, reflecting a rise of 5.61%[25]. - The company’s financial expenses showed a significant change, with a cost of ¥4,194,318.76 compared to a gain of ¥6,018,770.24 in the previous year[27]. Research and Development - The company reported a decrease in research and development expenses to ¥1,095,000, a reduction of 51.02% from ¥2,235,600 in the same period last year[10]. - The company reported a decrease in research and development expenses to ¥1,095,008.01 from ¥2,235,562.12, a reduction of 51.00%[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 76,265[13]. - The company has a major shareholder, China Zhonghai Helicopter Co., Ltd., holding 234,119,474 shares, representing a significant portion of the total shares[16]. - The company has a total of 10 major shareholders, with the top 3 holding significant stakes[16]. Government Subsidies and Agreements - The company received government subsidies amounting to ¥339,400 related to business expansion and industrial support[6]. - The company received a total of RMB 24,550,000 in subsidies from the 2024 General Aviation Development Special Fund[17]. - The company also received RMB 28,980,000 in subsidies from the 2024 Civil Aviation Development Special Fund, including RMB 28,900,000 for general aviation and RMB 80,000 for regional aviation[18]. - The company has engaged in related transactions with China Communications, signing a contract for private cloud platform services valued at RMB 6,500,000 over 3 years[19]. - The company has established a settlement agreement with Airbus Helicopters regarding damages and costs related to the grounding of 8 H225 helicopters, affecting its financial status until 2023[16]. Operational Developments - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[5]. - The company is actively pursuing market expansion and technological development in the aviation sector[16]. - The company signed a lease agreement for 3 AW139 helicopters with a total lease cost of RMB 319,807,051.20 over 15 years, with a monthly rent of RMB 592,235.28 per helicopter[19]. - The company completed the procurement of 6 H135 helicopters, with a total payment of RMB 240,599,800, and plans to use approximately RMB 59,400,200 of the remaining funds to supplement working capital[20]. - The company is in the process of dissolving and liquidating its subsidiary, Haizhi Development[21].