YIWU CCC(SH:600415)2024-04-16 10:09Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,680,601,604.80, representing a year-on-year increase of 26.42%[4] - The net profit attributable to shareholders decreased by 41.66% to CNY 713,020,906.27 compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 36.03% to CNY 690,587,608.80[4] - Basic and diluted earnings per share were both CNY 0.13, down 40.91% year-on-year[4] - The weighted average return on equity decreased by 3.74 percentage points to 3.95%[4] - The company's net profit for Q1 2024 is expected to show an upward trend due to improved gross profit margins[16] - Net profit for Q1 2024 was ¥710,890,971.77, down 41.6% from ¥1,220,812,093.87 in Q1 2023[24] - Total comprehensive income for Q1 2024 was ¥711,811,029.44, compared to ¥1,232,375,402.82 in Q1 2023[25] - Investment income for Q1 2024 was ¥42,259,780.98, a significant decrease from ¥776,742,137.89 in Q1 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 36,126,861,095.77, a decrease of 0.25% from the end of the previous year[4] - The equity attributable to shareholders increased by 4.24% to CNY 18,438,386,833.85 compared to the end of the previous year[4] - As of March 31, 2024, the total assets of the company amounted to 36.13 billion RMB, slightly down from 36.22 billion RMB at the end of 2023[20] - The company's total liabilities as of March 31, 2024, were 17.68 billion RMB, compared to 18.52 billion RMB at the end of 2023[21] - The company's total liabilities decreased to CNY 14,664,442,364.30 from CNY 16,219,553,404.77, indicating a reduction of approximately 9.6%[30] Cash Flow - Cash flow from operating activities for Q1 2024 was ¥180,101,089.85, a significant improvement from a negative cash flow of -¥310,531,782.92 in Q1 2023[28] - In Q1 2024, the company reported a net cash flow from operating activities of ¥656,911,631.35, a significant improvement compared to a net outflow of ¥225,840,045.26 in Q1 2023[35] - Cash inflow from operating activities totaled ¥1,236,986,906.05, up from ¥251,383,849.45 in the same period last year, indicating a year-over-year increase of approximately 391%[35] - The company's cash and cash equivalents decreased to approximately 1.27 billion RMB from 2.92 billion RMB at the end of 2023[20] - The company's cash and cash equivalents at the end of Q1 2024 stood at ¥601,417,705.04, a decrease from ¥994,949,824.80 at the end of Q1 2023[35] Market and Operations - The profit growth excluding the aforementioned factors was 95.95%, mainly due to increased market operations and trade service profits[8] - In the first quarter of 2024, the total import and export value of Yiwu reached 116.6 billion RMB, a year-on-year increase of 47.3%[15] - The average daily foot traffic in Yiwu International Trade City exceeded 210,000, with a year-on-year increase of 160.2%[15] - The company's GMV on the chinagoods AI platform reached 11 billion RMB in Q1 2024, representing a year-on-year growth of 37.5%[16] - The cross-border transaction volume for Yiwu Pay exceeded 6.2 billion RMB in Q1 2024, showing significant growth[17] Future Plans - The company plans to continue expanding investments related to data resources, with confirmed intangible assets exceeding 8 million RMB by the end of Q1 2024[17] - The company plans to focus on market expansion and new product development in the upcoming quarters[32]