AsAc(SH:601890)2024-04-22 11:35Financial Performance - The company's operating revenue for Q1 2024 was CNY 449,287,304.29, representing a decrease of 8.14% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 67,977,348.85, an increase of 15.30% year-on-year[3]. - Basic earnings per share were CNY 0.0709, reflecting a year-on-year increase of 15.28%[3]. - Total operating revenue for Q1 2024 was CNY 449,287,304.29, a decrease of 8.14% compared to CNY 489,114,052.60 in Q1 2023[26]. - Total operating costs for Q1 2024 were CNY 398,026,136.40, down 8.36% from CNY 434,364,444.18 in Q1 2023[26]. - Net profit for Q1 2024 reached CNY 68,886,710.86, an increase of 15.06% from CNY 59,919,070.26 in Q1 2023[28]. - Operating profit for Q1 2024 was CNY 76,545,120.58, up 9.31% from CNY 69,909,674.33 in Q1 2023[28]. - The total comprehensive income for the first quarter of 2024 was CNY 68,886,710.86, compared to CNY 59,919,070.26 in the same period of 2023, representing an increase of approximately 15.5%[29]. - Basic and diluted earnings per share for the first quarter of 2024 were CNY 0.0709, up from CNY 0.0615 in the first quarter of 2023, reflecting a growth of about 15.5%[29]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -101,522,450.58, a decline of 115.10% compared to the previous year[3]. - Cash flow from operating activities for the first quarter of 2024 was CNY 297,409,402.38, a decrease of approximately 46.3% compared to CNY 553,151,957.69 in the first quarter of 2023[32]. - The net cash flow from financing activities for the first quarter of 2024 was CNY 16,438,495.82, significantly lower than CNY 96,238,125.01 in the same period of 2023, indicating a decline of about 83.0%[32]. - The ending balance of cash and cash equivalents as of March 31, 2024, was CNY 1,356,683,420.60, down from CNY 1,450,932,081.50 at the end of the first quarter of 2023, a decrease of approximately 6.5%[32]. - The company reported a net decrease in cash and cash equivalents of CNY 177,274,606.79 for the first quarter of 2024, contrasting with an increase of CNY 155,785,784.37 in the first quarter of 2023[32]. - Cash flow from investing activities resulted in a net outflow of -91,403,136.56, contrasting with a net inflow of 111,966,603.24 previously[51]. - Cash flow from financing activities included cash inflow of 20,000,000.00 from borrowings, down from 100,000,000.00 in the prior period[51]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,848,185,142.16, a decrease of 1.12% from the end of the previous year[4]. - The company's total assets and liabilities were not disclosed in the provided content, indicating a focus on income statement metrics[24]. - Total assets decreased from 4,903,168,151.38 to 4,848,185,142.16, a decline of approximately 1.12%[44]. - Total liabilities decreased from 1,292,457,149.88 to 1,168,587,429.80, a reduction of about 9.61%[45]. - Current liabilities totaled 720,689,066.46, down from 752,956,546.54, reflecting a decrease of approximately 4.29%[44]. - Non-current liabilities decreased from 539,500,603.34 to 447,898,363.34, a decline of around 16.96%[45]. - Owner's equity increased from 3,610,711,001.50 to 3,679,597,712.36, representing an increase of about 1.91%[45]. Expenses and Investments - Research and development expenses for Q1 2024 amounted to CNY 19,260,793.37, an increase of 25.06% compared to CNY 15,394,460.24 in Q1 2023[28]. - The company received government subsidies amounting to CNY 2,259,178.66 during the reporting period[16]. - The investment income increased by 51.11% year-on-year, primarily due to higher financial asset settlement income[18]. - The company reported a financial income of CNY 4,243,281.98 in Q1 2024, compared to CNY 2,272,962.89 in Q1 2023[28]. - The company’s tax expenses for Q1 2024 were CNY 7,558,579.08, a decrease of 24.00% from CNY 9,947,356.68 in Q1 2023[28]. - The company reported a significant increase of 129.75% in prepaid expenses, primarily due to higher material payments at the end of the reporting period[18]. Strategic Outlook - The company plans to continue its market expansion and product development strategies in the upcoming quarters[24]. - There are no significant changes in shareholder structure or financing activities reported for the quarter[21].