Financial Performance - Total revenue for Q1 2024 was CNY 178,976,300.11, representing an increase of 8.27% compared to CNY 165,299,348.86 in the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 13,266,963.32, a decrease of 327.56% from a profit of CNY 5,830,109.25 in the previous year[7] - The total comprehensive income for the quarter was RMB -13,208,519.84, representing a decline of 622.68% compared to the previous year[26] - The company reported a net loss of ¥13,266,963.32 for the current period, compared to a net profit of ¥5,830,109.25 in the previous period, indicating a significant decline in profitability[49] - The company reported a total profit of CNY -16,515,066.36 for the current period, compared to a profit of CNY 7,747,001.17 in the previous period, indicating a significant decline[61] Cash Flow - Cash flow from operating activities improved significantly to CNY 1,699,286,889.02, a 194.44% increase from a negative cash flow of CNY 1,799,404,576.67 in the same period last year[7] - Operating cash flow generated was ¥1,699,286,889.02, a substantial improvement compared to a negative cash flow of ¥-1,799,404,576.67 in the previous period, indicating better cash management[51] - The company’s cash inflows from operating activities totaled ¥2,483,579,242.18, significantly higher than ¥168,028,309.98 in the previous period, indicating improved operational efficiency[51] - The company’s cash outflows for operating activities were ¥784,292,353.16, down from ¥1,967,432,886.65 in the previous period, suggesting better cost control measures[51] - The net increase in cash and cash equivalents for the period was approximately ¥1.36 billion, compared to a decrease of -¥1.89 billion in the previous period[71] Assets and Liabilities - Total assets increased by 23.51% to CNY 11,502,806,021.90 from CNY 9,313,077,143.89 at the end of the previous year[7] - Total liabilities increased to CNY 9,668,521,236.24 from CNY 7,465,583,838.39, representing an increase of about 29.4%[59] - The company's cash and cash equivalents amounted to CNY 6,200,027,276.60, compared to CNY 4,840,823,714.33 in the previous period, reflecting an increase of approximately 28.1%[56] - The company reported a significant increase in contract liabilities to CNY 2,636,928.00 from CNY 446,185.04, indicating a growth of approximately 492.5%[59] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,794[27] - The company plans to distribute a cash dividend of RMB 0.04 per share, totaling RMB 4,031,111.11, which accounts for 51.74% of the net profit attributable to shareholders for 2023[34] - The company’s basic and diluted earnings per share were both ¥-0.0132, compared to ¥0.0058 in the previous period, reflecting the impact of the net loss on shareholder value[50] Operational Highlights - Operating income decreased by 79.54% compared to the same period last year, primarily due to a significant drop in penalty income from subsidiaries[26] - Operating expenses increased by 1,055.84% year-on-year, mainly due to the company paying overdue social security contributions during the reporting period[26] - Revenue from sales of goods and services amounted to ¥122,682,099.33, up from ¥85,608,196.33 in the previous period, showing growth in operational activities[51] Investment Activities - Cash inflow from investment activities totaled approximately ¥1.97 billion, a significant increase from ¥183.67 million in the previous period[66] - Net cash outflow from investment activities was approximately -¥319.56 million, compared to -¥57.33 million in the prior period[66] Future Plans and Changes - The company plans to change its name to "Su Hao Hong Ye Futures Co., Ltd." and the stock abbreviation to "Su Hao Futures," pending approval at the 2023 annual shareholders' meeting[54] - The company will implement new accounting standards starting in 2024, affecting the financial statements[67] Miscellaneous - There were no other non-recurring profit and loss items reported during the period[21] - The first quarter report has not been audited[72] - The company has appointed Mr. Chu Kai-Rong as the acting chairman as of January 8, 2024[54]
弘业期货(03678) - 2024 Q1 - 季度业绩