HSTD(600054)2024-04-29 08:19Financial Performance - The net profit for Q1 2024 was ¥29.04 million, a decrease of 58.9% compared to ¥70.68 million in Q1 2023[14] - The operating profit for Q1 2024 was ¥50.47 million, down 38.9% from ¥82.61 million in Q1 2023[14] - Net profit attributable to shareholders was ¥25,499,904.98, down 60.51% year-on-year[24] - The net profit after deducting non-recurring gains and losses was ¥22,450,414.93, reflecting a decline of 62.77% compared to the previous year[24] - Basic and diluted earnings per share were both ¥0.0350, down 60.45% from the same period last year[24] - The weighted average return on equity decreased by 1 percentage point to 0.57%[24] - Net profit attributable to the parent company for Q1 2024 was CNY 23,464,104.98, down 64.66% from CNY 66,190,242.65 in Q1 2023[61] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.0350, a decrease from CNY 0.0885 in Q1 2023[61] Assets and Liabilities - As of March 31, 2024, the company's total assets amounted to approximately ¥5.65 billion, a slight increase from ¥5.65 billion as of December 31, 2023[10] - The company's total liabilities decreased to approximately ¥941.33 million from ¥962.57 million in the previous year[12] - The total equity attributable to shareholders increased to approximately ¥4.51 billion from ¥4.49 billion, showing a growth of 1.03%[12] - The total assets at the end of the reporting period were ¥5,654,464,112.38, showing no change from the end of the previous year[25] - Shareholders' equity attributable to the parent company increased by 0.52% to ¥4,509,953,197.50 compared to the end of the previous year[25] Cash Flow - The company’s cash flow from operating activities showed a significant decline, reflecting challenges in maintaining liquidity[16] - The net cash flow from operating activities was -¥23,935,533.32, a significant decrease of 118.21% year-on-year[24] - Cash inflow from operating activities in Q1 2024 was CNY 411,252,699.12, compared to CNY 431,273,596.43 in Q1 2023[62] - The net cash flow from operating activities was -131.41 million in the previous period[63] - The total cash outflow from operating activities reached 299.86 million year-over-year[63] Revenue and Costs - The company's operating revenue for Q1 2024 was ¥336,454,018.04, a decrease of 0.43% compared to the same period last year[24] - Total operating revenue for Q1 2024 was CNY 336,454,018.04, a decrease of 0.43% compared to CNY 337,916,364.49 in Q1 2023[59] - Total operating costs increased to CNY 287,014,824.37 in Q1 2024, up 11.38% from CNY 257,606,380.53 in Q1 2023[59] Other Financial Metrics - The company reported a decrease in other comprehensive income, with a net loss of ¥2.04 million compared to a gain of ¥1.61 million in the previous year[14] - The number of effective ticket purchasers decreased, leading to reduced profits in the scenic area segment, with a total of 827,200 visitors, down 2.12% year-on-year[36] - Research and development expenses for Q1 2024 were CNY 548,734.26, indicating ongoing investment in innovation[59] - Tax expenses increased to CNY 6,177,549.57 in Q1 2024, up from CNY 4,313,068.69 in Q1 2023[59] - The company reported a fair value change gain of CNY 1,734,271.24 in Q1 2024, compared to a gain of CNY 569,219.18 in Q1 2023[59] Investments and Shareholder Information - The company approved the investment of approximately ¥1.50 billion for the upgrade and renovation of the Huangshan International Hotel during the board meeting on January 19, 2024[36] - The total number of common shareholders at the end of the reporting period was 51,401[50] - The largest shareholder, Huangshan Tourism Group Co., Ltd., held 40.66% of the shares, totaling 296,595,750 shares[50]