DZCM(603999)2024-04-26 12:14Financial Performance - The company's operating revenue for Q1 2024 was ¥251,603,822.99, representing a year-on-year increase of 13.80%[5] - The net profit attributable to shareholders for the same period was ¥8,696,124.18, reflecting a growth of 14.35% compared to the previous year[5] - The basic earnings per share for Q1 2024 was ¥0.015, which is an increase of 15.38% year-on-year[5] - Total operating revenue for Q1 2024 reached ¥251,603,822.99, an increase of 13.8% compared to ¥221,097,871.07 in Q1 2023[18] - Net profit for Q1 2024 was ¥7,917,722.95, compared to ¥7,147,591.20 in Q1 2023, representing an increase of 10.8%[19] - Earnings per share for Q1 2024 was ¥0.015, up from ¥0.013 in Q1 2023, indicating a growth of 15.4%[19] - Total comprehensive income for Q1 2024 was ¥14,256,278.32, compared to ¥12,435,514.62 in Q1 2023, reflecting an increase of approximately 14.6%[30] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,581,049,788.43, up 2.80% from the end of the previous year[6] - As of March 31, 2024, the total current assets amounted to RMB 1,746,300,825.64, an increase from RMB 1,673,630,328.06 as of December 31, 2023, reflecting a growth of approximately 4.3%[14] - The total assets as of March 31, 2024, amounted to CNY 2,686,673,947.84, up from CNY 2,607,706,297.08 at the end of Q1 2023[27] - The total liabilities as of Q1 2024 amounted to ¥594,698,340.76, an increase from ¥532,632,979.36 in the previous year[18] - The total liabilities as of March 31, 2024, were CNY 730,077,450.02, an increase from CNY 665,366,077.58 in Q1 2023[26] Cash Flow - The net cash flow from operating activities was negative at -¥57,723,409.41, indicating significant changes in business structure and procurement costs[8] - Cash flow from operating activities for Q1 2024 was negative at -¥57,723,409.41, an improvement from -¥86,646,146.03 in Q1 2023[21] - Net cash flow from operating activities for Q1 2024 was -¥27,486,177.22, an improvement from -¥67,592,233.76 in Q1 2023, indicating a reduction in cash outflow by about 59.4%[31] - Total cash inflow from operating activities in Q1 2024 was ¥124,332,859.56, down from ¥194,300,974.72 in Q1 2023, a decline of about 36%[31] - Total cash outflow from operating activities in Q1 2024 was ¥151,819,036.78, compared to ¥261,893,208.48 in Q1 2023, a decrease of approximately 42%[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,738[10] - The largest shareholder, Reader Publishing Group Co., Ltd., held 333,145,944 shares, accounting for 57.84% of total shares[10] Revenue Sources - The main sources of revenue growth were from educational materials, periodicals, and electronic products[8] Other Financial Metrics - The weighted average return on equity increased by 0.03 percentage points to 0.44%[5] - Non-recurring gains for the period totaled ¥1,907,226.72, primarily from government subsidies and other non-operating income[8] - The company reported a decrease in sales expenses to ¥10,624,817.23 in Q1 2024 from ¥8,680,382.67 in Q1 2023, reflecting a rise of 22.4%[18] - The company's investment income for Q1 2024 was a loss of ¥193,517.25, an improvement from a loss of ¥583,155.46 in Q1 2023[18] - The company received ¥10,540,000.00 from financing activities in Q1 2023, while there was no cash inflow from financing activities in Q1 2024[32] Changes in Assets - The cash and cash equivalents decreased to RMB 801,761,035.24 from RMB 1,043,673,619.78, representing a decline of about 23.2%[13] - The accounts receivable increased significantly to RMB 244,827,411.06 from RMB 138,016,796.21, marking an increase of approximately 77.4%[13] - The trading financial assets rose to RMB 390,988,847.23 from RMB 221,058,555.56, indicating a growth of around 76.8%[13] - The total non-current assets slightly decreased to RMB 834,748,962.80 from RMB 837,236,376.01, reflecting a decrease of about 0.6%[14] - The accounts payable increased to RMB 165,845,817.25 from RMB 112,635,120.01, which is an increase of approximately 47.2%[14] Market Developments - The company has not reported any significant new product developments or market expansions in this quarter[12] - There are no updates on mergers or acquisitions during this reporting period[12]