Financial Performance - The company's operating revenue for Q1 2024 was CNY 291,298,664.48, representing a year-on-year increase of 0.17%[5] - Net profit attributable to shareholders was CNY 65,391,161.87, reflecting a significant increase of 52.06% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 65,916,560.70, up by 65.43% year-on-year[5] - The net cash flow from operating activities reached CNY 29,969,006.05, marking a 63.22% increase from the previous year[5] - Basic earnings per share were CNY 0.28, an increase of 55.56% year-on-year, while diluted earnings per share also stood at CNY 0.28, up by 47.37%[5] - Total operating revenue for Q1 2024 was CNY 291.30 million, a slight increase from CNY 290.80 million in Q1 2023, representing a growth of 0.17%[21] - Net profit for Q1 2024 was CNY 65.37 million, up from CNY 43.07 million in Q1 2023, reflecting a growth of 51.67%[22] - Earnings per share for Q1 2024 increased to CNY 0.28 from CNY 0.18 in Q1 2023, marking a rise of 55.56%[23] - The total comprehensive income for Q1 2024 was CNY 65.38 million, compared to CNY 42.82 million in Q1 2023, indicating a growth of 52.67%[23] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to CNY 4,392,592,001.86, a slight increase of 0.45% from the end of the previous year[6] - Shareholders' equity attributable to the parent company was CNY 2,511,224,381.90, reflecting a growth of 2.67% compared to the end of the previous year[6] - As of March 31, 2024, total assets amounted to CNY 4,392,592,001.86, an increase from CNY 4,372,731,208.24 as of December 31, 2023[18] - The company's total current assets reached CNY 1,194,841,553.43, compared to CNY 1,166,132,698.98 in the previous period[18] - Total liabilities decreased from CNY 1,919,806,324.42 to CNY 1,874,372,817.47, indicating improved financial stability[19] - The company's cash and cash equivalents stood at CNY 307,490,204.42, slightly up from CNY 304,979,428.42[17] Operational Highlights - The increase in net profit was primarily attributed to the full operation of the Jiacheng International Port, which contributed additional profits[8] - The company received government subsidies amounting to CNY 518,098.55, which positively impacted its financial performance[7] - The company's net profit attributable to shareholders increased by 52.06% year-on-year, while the net profit excluding non-recurring gains and losses grew by 65.43% due to the full operation of Jiacheng International Port and the addition of a new export logistics business for a well-known global cross-border e-commerce platform[13] - The global cross-border e-commerce market is projected to reach 7.9trillionby2030,indicatinganearlytenfoldgrowthoverthenextdecade[13]−Thecompanyhasexpandedcooperationwithtwomajorglobalcross−bordere−commerceplatforms,providingthird−partylogisticsservices,includingsmartwarehousingresourcesandlogisticsservicesforSheinintheGreaterBayArea[14]−Thecompanycurrentlyprovidessmartwarehousingservicescoveringnearly1millionsquaremetersforfourmajorglobalplatformsandplanstoextendtheseservicestoairtrunktransportationandcustomsservices[15]−Thecompanyplanstofurtherintegrateitslogisticsserviceswithitsownaircargobusinesstoenhancecargosupplyassurance[15]CashFlowandInvestment−CashflowfromoperatingactivitiesgeneratedanetinflowofCNY29.97millioninQ12024,comparedtoCNY18.36millioninQ12023,anincreaseof63.597,781,572.15, compared to a decrease of 162,207,831.56inthesameperiodlastyear[26]−Thebeginningbalanceofcashandcashequivalentswas268,056,091.78, down from 868,321,454.50year−over−year[26]−TheendingbalanceofcashandcashequivalentsforQ12024was275,837,663.93, compared to $706,113,622.94 in the previous year[26]
Guangzhou Jiacheng International Logistics (603535)2024-04-29 09:15