GreatWall Military(601606)2024-04-29 11:36Financial Performance - The company's operating revenue for Q1 2024 was ¥140,767,239.52, representing a decrease of 34.34% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥34,971,326.38, a decline of 20.61% year-over-year[5]. - The comprehensive income attributable to the parent company was -¥34,970,711.30, compared to -¥28,994,837.93 in the previous year[32]. - The company reported a net loss of ¥35,292,799.90 for the quarter, compared to a loss of ¥29,418,296.88 in the previous year[32]. - Total operating revenue for Q1 2024 was 214.39 million in Q1 2023[44]. - The company reported a net loss of 29.42 million in Q1 2023[45]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥69,501,321.55, indicating significant cash outflow[5]. - Net cash flow from operating activities was -158.30 million in the previous period[36]. - The cash balance at the end of Q1 2024 was 243.67 million at the end of Q1 2023[36]. - The company's cash and cash equivalents decreased by 33.41% to ¥225,837,182.21 from ¥339,159,980.76 as of December 31, 2023[25]. - The net increase in cash and cash equivalents was -124.85 million in the previous year[36]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,389,766,951.56, down 2.32% from the previous year-end[5]. - The total liabilities decreased to ¥1,800,317,898.95 from ¥1,867,061,634.41, a reduction of about 3.57%[28]. - The company's equity attributable to shareholders was ¥2,575,503,768.69, a decrease of 1.43% from the previous year-end[19]. - The total equity attributable to shareholders decreased to ¥2,575,503,768.69 from ¥2,612,798,687.51, reflecting a decline of approximately 1.42%[28]. Operational Efficiency - The company continues to focus on improving operational efficiency and exploring new market opportunities despite the current financial challenges[5]. - The company reported a significant increase in contract liabilities to ¥60,584,176.69, up from ¥33,972,583.99 in the previous period[14]. - Contract liabilities rose by 78.33%, indicating an increase in advance payments received for new contracts[25]. Expenses - The basic and diluted earnings per share were both -¥0.05, with no applicable comparison due to negative earnings[5]. - The weighted average return on equity decreased by 0.79 percentage points to -1.34%[5]. - The company's financial expenses increased by 302.52% due to a rise in interest expenses, attributed to a significant increase in cash inflows[25]. - Research and development expenses for Q1 2024 were 28.64 million in Q1 2023[44]. Receivables and Prepayments - Accounts receivable decreased to ¥1,386,154,953.98, down from ¥1,474,375,008.82, reflecting a decline of approximately 5.97%[25]. - Prepayments increased by 49.86% to ¥77,435,791.82, compared to ¥51,669,692.89 in the previous period[25]. Cash Inflows - In Q1 2024, the cash inflow from sales of goods and services was CNY 240,397,641.56, an increase of 48.4% compared to CNY 161,876,896.73 in Q1 2023[47]. - The total cash inflow from operating activities reached CNY 330,374,585.70, up from CNY 211,064,539.07 in the same period last year, representing a growth of 56.5%[47]. - Cash received from other operating activities amounted to CNY 89,976,944.14, which is an increase of 83.1% compared to CNY 49,187,642.34 in Q1 2023[47]. - The cash paid for purchasing goods and accepting services was CNY 166,424,035.20, a decrease of 7.5% from CNY 179,374,465.77 in Q1 2023[47].