YT(600692)2024-04-29 07:37Financial Performance - The company's operating revenue for Q1 2024 was ¥129,167,154.57, representing a decrease of 54.25% compared to the same period last year[6] - The net profit attributable to shareholders was ¥21,751.72, with a significant drop in net profit excluding non-recurring items to -¥13,153,030.50[6] - Total operating revenue for Q1 2024 was ¥129,167,154.57, a decrease of 54.3% compared to ¥282,302,341.88 in Q1 2023[20] - Net profit for Q1 2024 was -¥3,335,329.57, compared to -¥22,648,464.46 in Q1 2023, showing an improvement[21] - The company achieved a gross profit margin of approximately -11.3% in Q1 2024, compared to -16.6% in Q1 2023[20] - The company recorded investment income of ¥6,013,963.93 in Q1 2024, with no comparable figure reported for Q1 2023[21] - The company’s basic earnings per share for Q1 2024 was ¥0.0001, an improvement from -¥0.0555 in Q1 2023[22] Assets and Liabilities - The total assets at the end of Q1 2024 increased by 29.84% to ¥3,855,813,552.68 compared to the end of the previous year[7] - Total current assets reached ¥3,152,186,378.45, up from ¥2,292,282,282.98, indicating an increase of about 37.6%[16] - The company's inventory stood at ¥1,728,622,766.42, compared to ¥1,466,381,178.95, representing a growth of approximately 17.9%[16] - Total liabilities increased to ¥2,440,567,099.70 from ¥1,546,274,027.86, marking a rise of about 57.7%[17] - The company's total assets amounted to ¥3,855,813,552.68, up from ¥2,969,685,227.64, reflecting an increase of approximately 29.7%[16] - The company's accounts receivable decreased to ¥285,794,926.87 from ¥367,248,337.69, indicating a decline of approximately 22.1%[16] - The total non-current assets were reported at ¥703,627,174.23, an increase from ¥677,402,944.66, reflecting a growth of about 3.9%[16] - The company's total equity remained stable at ¥351,764,064.00, unchanged from the previous period[17] - The company reported a significant increase in contract liabilities to ¥1,250,676,984.69 from ¥273,924,822.17, representing a growth of approximately 356.5%[17] Cash Flow - The cash flow from operating activities was ¥670,267,622.22, indicating a strong cash position despite the revenue decline[6] - The net cash flow from operating activities for Q1 2024 was ¥670,267,622.22, a significant recovery from -¥455,090,255.47 in Q1 2023[26] - Cash inflow from operating activities totaled ¥1,357,100,018.04 in Q1 2024, compared to ¥703,850,602.13 in Q1 2023, indicating a strong operational performance[26] - The company’s cash and cash equivalents at the end of Q1 2024 were CNY 325,710,398.27, down from CNY 671,351,111.20 at the end of 2023[28] - The company raised 140,000,000.00[36] - The net cash outflow from financing activities was 135,176,020.83 in Q1 2023, indicating a shift in financing strategy[36] - Total cash outflows related to operating activities reached 920,852,768.00 in Q1 2023, showing improved cost management[36] Cost Management - The operating costs decreased by 54.72%, aligning with the drop in operating revenue[10] - Total operating costs for Q1 2024 were ¥143,668,804.66, down 52.3% from ¥301,726,099.11 in Q1 2023[20] - The company’s management expenses decreased to CNY 4,482,077.18 in Q1 2024 from CNY 5,751,397.65 in Q1 2023, reflecting cost control efforts[32] - The company’s financial expenses decreased to ¥4,046,132.59 in Q1 2024 from ¥8,444,690.78 in Q1 2023, a reduction of 52.2%[21] Future Plans - The company plans to expand its market presence and invest in new projects, particularly in renewable energy sectors[9]