FLYCO(603868)2024-04-28 09:42Financial Performance - The company's operating revenue for Q1 2024 was ¥1,174,404,536.54, representing a decrease of 14.52% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥180,055,871.68, down 43.78% year-on-year[4]. - Basic and diluted earnings per share were both ¥0.41, reflecting a decrease of 44.59% compared to the previous year[4]. - Operating profit for Q1 2024 was CNY 210,013,367.33, a decline of 44.4% from CNY 377,600,736.32 in Q1 2023[16]. - The net profit for Q1 2024 is approximately ¥180.06 million, a decrease of 43.8% compared to ¥320.24 million in Q1 2023[17]. - The total comprehensive income for Q1 2024 is ¥180.06 million, down from ¥320.24 million in the same period last year, reflecting a decline of 43.8%[17]. - Basic earnings per share for Q1 2024 is ¥0.41, compared to ¥0.74 in Q1 2023, representing a decrease of 44.6%[17]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 58.85%, primarily due to a decline in sales revenue and reduced cash collection[7]. - Cash flow from operating activities for Q1 2024 is ¥237.81 million, a significant drop of 58.8% from ¥577.95 million in Q1 2023[18]. - Cash inflow from investment activities in Q1 2024 is ¥1,058.89 million, an increase of 16.9% compared to ¥905.62 million in Q1 2023[19]. - Cash outflow for investment activities in Q1 2024 is ¥642.47 million, down 49.3% from ¥1,265.36 million in Q1 2023[19]. - The net cash flow from investment activities for Q1 2024 is ¥416.42 million, a turnaround from a negative cash flow of ¥359.74 million in Q1 2023[19]. - The net increase in cash and cash equivalents for Q1 2024 is ¥648.97 million, compared to an increase of ¥214.18 million in Q1 2023, marking a growth of 203.5%[19]. - The ending balance of cash and cash equivalents for Q1 2024 is ¥1,173.73 million, up from ¥722.07 million at the end of Q1 2023, indicating a rise of 62.5%[19]. - The company reported a decrease in cash received from sales of goods and services, totaling ¥1,313.96 million in Q1 2024, down 16.3% from ¥1,568.75 million in Q1 2023[18]. Assets and Equity - Total assets at the end of the reporting period were ¥4,526,540,970.23, an increase of 1.51% from the end of the previous year[5]. - Shareholders' equity attributable to the parent company increased by 5.03% to ¥3,756,401,612.76[5]. - Total assets as of March 31, 2024, amounted to CNY 4,526,540,970.23, compared to CNY 4,459,200,718.23 at the end of 2023[14]. - Total liabilities as of March 31, 2024, were CNY 770,139,357.47, down from CNY 882,854,977.15 at the end of 2023[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,928[8]. - The largest shareholder, Shanghai Feike Investment Co., Ltd., held 80.99% of the shares[8]. Cost Management - Total operating costs for Q1 2024 were CNY 973,066,236.21, down from CNY 1,015,070,173.92 in Q1 2023, reflecting a cost reduction of approximately 4.1%[16]. - Research and development expenses for Q1 2024 were CNY 18,232,645.91, down from CNY 23,222,770.42 in Q1 2023, showing a reduction in R&D spending[16]. Return on Equity - The weighted average return on equity was 4.91%, a decrease of 4.01 percentage points from the previous year[4]. Non-Recurring Gains - Non-recurring gains and losses totaled ¥14,543,959.13, with significant contributions from government subsidies and investment management gains[6].