TELLHOW(SH:600590)2024-04-26 11:02Financial Performance - The company's operating revenue for Q1 2024 was ¥883,032,681.62, representing a decrease of 13.11% compared to the same period last year[6] - Net profit attributable to shareholders was ¥4,077,937.59, down 93.51% year-on-year[6] - Basic and diluted earnings per share were both ¥0.005, a decrease of 93.24% year-on-year[6] - The company experienced a significant decline in net profit due to revenue drop and fair value losses related to investments[9] - Net profit for Q1 2024 was ¥15,721,825.93, a significant decline of 81.1% from ¥83,097,019.40 in Q1 2023[21] - Earnings per share for Q1 2024 were ¥0.005, compared to ¥0.074 in Q1 2023, indicating a decrease of 93.2%[22] Cash Flow and Liquidity - The net cash flow from operating activities was ¥31,907,303.05, reflecting a decline of 68.36% compared to the previous year[6] - The net cash flow from operating activities for Q1 2024 was ¥31,907,303.05, a decrease of 68.4% compared to ¥100,833,561.63 in Q1 2023[26] - Total cash inflow from operating activities was ¥1,415,899,302.37, while cash outflow was ¥1,383,991,999.32, resulting in a net cash inflow of ¥31,907,303.05[26] - Cash received from sales of goods and services in Q1 2024 was ¥1,331,363,431.61, slightly down from ¥1,334,555,966.53 in Q1 2023[25] - The ending cash and cash equivalents balance decreased to ¥748,660,223.75 from ¥1,022,765,091.73 in Q1 2023[27] - The company reported a significant increase in cash paid for debt repayment, totaling ¥947,091,870.00, compared to ¥629,356,012.10 in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,834,327,405.78, down 5.60% from the end of the previous year[7] - The company reported a total current liabilities figure, which is yet to be disclosed in the provided data, indicating a need for further analysis[15] - The total liabilities as of Q1 2024 amounted to ¥8,456,311,780.16, compared to ¥9,228,236,071.55 in Q1 2023, a reduction of 8.4%[17] - Accounts receivable stood at RMB 3,631,955,981.44, down from RMB 3,859,686,625.11, indicating a decrease of approximately 5.88%[15] - Inventory decreased to RMB 2,124,150,134.69 from RMB 2,290,186,079.43, showing a decline of around 7.25%[15] Shareholder Equity - The equity attributable to shareholders increased slightly by 0.12% to ¥3,485,978,973.72 compared to the end of the previous year[7] - The total equity attributable to shareholders of the parent company was ¥3,485,978,973.72 in Q1 2024, slightly up from ¥3,481,885,279.39 in Q1 2023[17] - The top shareholder, Tongfang Co., Ltd., holds 19.62% of the shares, while Taihao Group Co., Ltd. holds 15.07%[12] Operational Insights - The company reported a total current liabilities figure, which is yet to be disclosed in the provided data, indicating a need for further analysis[15] - The company has ongoing research and development efforts, although specific new products or technologies were not detailed in the provided data[13] - There are no significant reminders or additional important information regarding the company's operational status during the reporting period[13] Financial Expenses and Income - Financial expenses increased to ¥84,756,719.55 in Q1 2024, up from ¥53,411,814.23 in Q1 2023, marking a rise of 58.5%[21] - The company reported an investment income of ¥6,097,034.61 in Q1 2024, recovering from a loss of ¥9,087,083.87 in Q1 2023[21] Non-Recurring Items - Non-recurring gains and losses totaled -¥37,089,920.07, primarily due to losses from fair value changes and interest expenses[9] Accounting Practices - The company did not apply new accounting standards for the first time in 2024, indicating stability in financial reporting practices[28]