GDDP(300808)2024-04-28 07:51Revenue and Profitability - Revenue for Q1 2024 was CNY 103,771,946.67, a decrease of 9.26% compared to CNY 114,357,545.40 in the same period last year[5] - Total operating revenue for Q1 2024 was CNY 103,771,946.67, a decrease of 9.3% compared to CNY 114,357,545.40 in the previous period[23] - The company reported a decrease in sales revenue from CNY 106,453,030.03 in Q1 2024 compared to CNY 155,838,200.81 in Q1 2023, representing a decline of approximately 31.6%[27] - The net profit for Q1 2024 was a loss of CNY 212,665.32, compared to a loss of CNY 5,412,531.28 in Q1 2023, indicating a significant improvement[25] - The total profit for Q1 2024 was a loss of CNY 763,231.41, significantly better than the loss of CNY 6,291,942.58 in Q1 2023[24] Cash Flow and Financial Management - Net cash flow from operating activities increased by 7.65% to CNY 7,514,056.46 from CNY 6,979,820.60 in the previous year[5] - The cash flow from operating activities generated a net cash inflow of CNY 7,514,056.46, compared to CNY 6,979,820.60 in the same period last year, reflecting a positive trend[28] - Investment activities generated a cash outflow of CNY -22,688,073.22, an increase of 806.67% compared to CNY -2,502,338.64 in the previous year[13] - Investment activities resulted in a net cash outflow of CNY 22,688,073.22 in Q1 2024, compared to a smaller outflow of CNY 2,502,338.64 in Q1 2023[28] - The company reported a significant reduction in financial expenses, down 99.34% to CNY 28,768.49 from CNY 4,367,996.22 in the previous year[12] - The company’s financial expenses decreased to CNY 28,768.49 in Q1 2024 from CNY 4,367,996.22 in Q1 2023, indicating improved cost management[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,348,027,208.59, a decrease of 1.18% from CNY 1,364,144,985.40 at the end of the previous year[5] - Total current assets decreased to CNY 498,992,176.52 from CNY 510,792,093.69, a decline of 2.9%[20] - Total liabilities decreased to CNY 292,780,806.14 from CNY 308,685,917.63, a reduction of 5.2%[21] - Non-current assets decreased slightly to CNY 849,035,032.07 from CNY 853,352,891.71, a decline of 0.5%[20] - Cash and cash equivalents decreased to CNY 112,088,624.24 from CNY 119,424,024.47, a decrease of 6.1%[19] - Inventory decreased to CNY 125,492,374.32 from CNY 141,097,940.10, a decline of 11.1%[20] - The total equity attributable to shareholders was CNY 1,054,353,401.12, slightly down from CNY 1,054,566,855.02[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,816[15] - The number of restricted shares decreased by 16,020,021 shares, resulting in a total of 54,800,561 shares at the end of the period[17] Earnings Per Share - Basic and diluted earnings per share improved by 96.15%, reaching CNY -0.0013 compared to CNY -0.0338 in the same period last year[5] - The basic and diluted earnings per share for Q1 2024 were both -0.0013, an improvement from -0.0338 in Q1 2023[25] Impairment and Gains - The company incurred a credit impairment loss of CNY -1,725,707.84 in Q1 2024, compared to a loss of CNY -450,992.62 in Q1 2023[24] - Non-recurring gains and losses totaled CNY 188,540.80, with CNY 201,556.39 from the disposal of non-current assets[6] Accounts Management - The company’s accounts payable decreased by 31.32% to CNY 47,894,707.99, primarily due to reduced raw material purchases[11] - Accounts receivable increased to CNY 233,893,161.66 from CNY 228,991,531.91, reflecting a growth of 2.6%[20]