Chengtou Holding(600649)2024-04-26 10:09Financial Performance - The company's operating revenue for Q1 2024 was ¥421,091,165.92, representing a decrease of 13.09% compared to the same period last year[6] - The net profit attributable to shareholders of the listed company was -¥5,174,938.50, a decline of 108.86% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,314,316.59, down 79.08% from the previous year[6] - The basic and diluted earnings per share were both -¥0.002, reflecting a decrease of 108.86% year-on-year[6] - The weighted average return on net assets was -0.02%, a decrease of 0.30 percentage points compared to the previous year[6] - The company reported a significant increase in sales expenses by 105.25% compared to the same period last year, attributed to higher marketing costs[12] - Net profit for Q1 2024 was a loss of approximately ¥857,100, compared to a profit of ¥74.34 million in Q1 2023, representing a significant decline[35] - The total comprehensive income for Q1 2024 was approximately -¥1.00 million, compared to ¥74.72 million in Q1 2023[37] - The company's net profit for Q1 2024 was approximately -¥61.81 million, compared to a net profit of ¥18.19 million in Q1 2023, indicating a significant decline[54] - The company reported a comprehensive income total of approximately -¥61.96 million for Q1 2024, compared to ¥18.57 million in Q1 2023[55] Cash Flow and Liquidity - The net cash flow from operating activities was -¥98,107,267.33, with no applicable year-on-year comparison[6] - The company reported a net cash outflow from operating activities of approximately ¥98.11 million in Q1 2024, compared to an outflow of ¥2.38 billion in Q1 2023[41] - Cash and cash equivalents at the end of Q1 2024 increased to approximately ¥6.65 billion, up from ¥3.44 billion at the end of Q1 2023[44] - The company's cash and cash equivalents decreased to approximately ¥1.39 billion from ¥1.96 billion, a decline of 29.1%[48] - The total cash and cash equivalents at the end of Q1 2024 stood at 2.08 billion at the end of Q1 2023[61] - The company experienced a net increase in cash and cash equivalents of -421.77 million in Q1 2023[61] Assets and Liabilities - Total assets at the end of the reporting period were ¥78,267,889,518.48, an increase of 0.41% from the end of the previous year[9] - The equity attributable to shareholders of the listed company was ¥20,797,601,198.28, a slight decrease of 0.03% compared to the end of the previous year[9] - Total current liabilities decreased to RMB 20.57 billion from RMB 21.12 billion, a reduction of approximately 2.6%[30] - The total equity attributable to shareholders was RMB 20.80 billion as of March 31, 2024, slightly down from RMB 20.80 billion at the end of 2023[30] - The total non-current liabilities increased to RMB 36.10 billion from RMB 35.23 billion, reflecting an increase of about 2.5%[30] - The company’s total liabilities reached RMB 56.68 billion, a slight increase from RMB 56.36 billion, reflecting a growth of about 0.6%[30] Inventory and Receivables - The company reported a significant increase in inventory, which rose to RMB 51.37 billion from RMB 49.51 billion, representing an increase of approximately 3.8%[23] - The company’s accounts receivable stood at RMB 1.27 billion, showing a slight increase from RMB 1.25 billion, which is an increase of approximately 0.6%[23] - The company’s contract liabilities rose to RMB 8.58 billion, up from RMB 6.72 billion, indicating a significant increase of approximately 27.6%[30] Investment and Expenses - The company recorded investment income of approximately ¥26.72 million in Q1 2024, down from ¥53.51 million in Q1 2023[35] - Research and development expenses for Q1 2024 were approximately ¥770,475, indicating ongoing investment in innovation[35] - Research and development expenses for Q1 2024 were approximately ¥135.85 million, indicating ongoing investment in innovation[54] - The company's financial expenses for Q1 2024 were approximately ¥146.86 million, slightly down from ¥147.70 million in Q1 2023[35] Debt and Financing - The company successfully issued RMB 2.6 billion of medium-term notes with a coupon rate of 2.68% and a maturity of 5 years[20] - Cash inflow from financing activities in Q1 2024 was 3.61 billion in Q1 2023, resulting in a net cash outflow of $733.17 million[61]