n.n.store(600712)2024-04-26 12:12Financial Performance - The company's operating revenue for Q1 2024 was CNY 154,589,812.36, representing a slight increase of 0.05% compared to the same period last year[5]. - Net profit attributable to shareholders increased significantly by 149.21% to CNY 2,168,654.01, primarily due to the reduction of leased assets and increased asset disposal gains[5][7]. - Basic and diluted earnings per share both rose by 149.38% to CNY 0.0040 per share[5]. - Net profit for Q1 2024 was CNY 2,168,654.01, a significant recovery from a net loss of CNY 4,406,678.43 in Q1 2023[18]. - The total comprehensive income for the first quarter of 2024 was CNY 2,168,654.01, compared to a loss of CNY 4,406,678.43 in the same period of 2023[19]. - The company reported a total comprehensive income of CNY 1,712,148.30 for Q1 2024, compared to CNY 1,396,132.96 in Q1 2023[26]. Cash Flow - The net cash flow from operating activities was negative at CNY -20,735,162.21, reflecting a decrease of 251.05% compared to the previous year, attributed to changes in revenue recognition from joint ventures to rental income[5][7]. - The net cash flow from operating activities for Q1 2024 was a negative CNY 20,735,162.21, down from a positive CNY 13,727,018.27 in Q1 2023[21]. - Cash received from sales of goods and services decreased to CNY 261,554,965.99 in Q1 2024, down 14.4% from CNY 305,695,836.69 in Q1 2023[20]. - The total cash outflow from operating activities was CNY 283,111,679.62, compared to CNY 293,058,665.83 in the previous year, indicating a decrease of 3.3%[21]. - The company reported a net cash flow from financing activities of CNY 1,041,119.88, a significant improvement from a negative CNY 31,953,689.36 in Q1 2023[21]. - The company received CNY 29,493,466.03 from financing activities in Q1 2024, a decrease from CNY 120,805,375.54 in Q1 2023[29]. Assets and Liabilities - Total assets decreased by 3.84% to CNY 1,451,045,108.00 compared to the end of the previous year[6]. - The company’s total assets decreased to CNY 1,451,045,108.00 in Q1 2024 from CNY 1,508,940,147.22 in Q1 2023, a decline of approximately 3.8%[14]. - Total current assets decreased to CNY 316,212,557.74 in Q1 2024 from CNY 356,513,163.60 in Q1 2023, a drop of approximately 11.3%[12]. - Total liabilities decreased to CNY 620,534,855.67 in Q1 2024 from CNY 680,598,548.90 in Q1 2023, a reduction of about 8.8%[13]. - The total liabilities decreased to CNY 820,949,933.60 from CNY 845,823,992.87 at the end of 2023, reflecting a reduction of 2.9%[24]. - The company’s total liabilities and equity amounted to CNY 1,907,954,689.03 as of the end of Q1 2024[25]. Shareholder Information - The company had a total of 35,630 common shareholders at the end of the reporting period[9]. - The largest shareholder, Nanning Weining Investment Group, holds 20.11% of the shares, totaling 109,511,545 shares[9]. Operational Metrics - Total operating costs decreased to CNY 157,759,204.14 in Q1 2024 from CNY 159,227,804.59 in Q1 2023, a reduction of approximately 0.92%[17]. - The company reported a decrease in inventory to CNY 97,218,377.48 in Q1 2024 from CNY 101,053,290.46 in Q1 2023, a decline of about 3.7%[12]. - Long-term receivables increased slightly to CNY 165,963,159.15 in Q1 2024 from CNY 165,096,211.02 in Q1 2023, an increase of 0.52%[12]. - Management expenses rose to CNY 28,771,152.79 in Q1 2024 from CNY 23,026,860.47 in Q1 2023, an increase of about 25.1%[18]. - The company incurred management expenses of CNY 24,569,492.99, which is an increase of 36.38% from CNY 18,040,175.64 in the previous year[25]. Market and Product Development - The company did not report any significant new product developments or market expansion strategies during this quarter[11].