TYHI(SH:600169)2024-04-22 11:41Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,727,785,627.70, representing a decrease of 11.19% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 25,765,558.90, down 28.61% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was CNY -4,113,945.11, a decline of 213.59% compared to the previous year[6]. - Total revenue for Q1 2024 was CNY 1,727,785,627.70, a decrease of 11.2% compared to CNY 1,945,457,283.02 in Q1 2023[22]. - Net profit for Q1 2024 was CNY 35,548,660.89, compared to CNY 39,003,605.89 in Q1 2023, indicating a decline of 8.8%[24]. - The total comprehensive income for Q1 2024 was ¥35,070,414.49, down from ¥38,817,003.41 in Q1 2023, indicating a decrease of about 7%[25]. - The basic earnings per share for Q1 2024 was ¥0.0076, a decline from ¥0.0108 in Q1 2023, reflecting a decrease of approximately 29.6%[25]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 148.55% to CNY 197,975,963.88[6]. - Cash inflows from operating activities in Q1 2024 totaled ¥2,300,804,027.80, an increase of about 25% from ¥1,839,700,641.10 in Q1 2023[28]. - The net cash flow from operating activities for Q1 2024 was ¥197,975,963.88, compared to ¥79,653,724.24 in Q1 2023, showing an increase of approximately 148%[28]. - Cash outflows from financing activities in Q1 2024 were ¥1,991,802,101.51, down from ¥3,595,499,970.85 in Q1 2023, indicating a reduction of about 44.6%[29]. - The company reported a net cash increase of ¥136,966,623.61 in Q1 2024, compared to ¥384,372,553.46 in Q1 2023, indicating a decrease of approximately 64.3%[29]. - The cash and cash equivalents at the end of Q1 2024 stood at ¥1,462,496,061.05, down from ¥1,832,357,723.44 at the end of Q1 2023, representing a decrease of about 20.2%[29]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 32,623,537,211.65, reflecting a 1.80% increase from the end of the previous year[7]. - Total assets as of March 31, 2024, were CNY 32,623,537,211.65, an increase from CNY 32,047,879,283.24 at the end of 2023[19]. - Total liabilities as of March 31, 2024, amounted to CNY 26,082,985,040.77, compared to CNY 25,537,498,846.62 at the end of 2023, reflecting an increase of 2.1%[19]. - The company reported a decrease in short-term borrowings to CNY 3,056,060,000.00 from CNY 3,479,288,009.91, a reduction of 12.1%[19]. - The company's total non-current assets reached CNY 10,520,283,217.58, up from CNY 9,833,819,313.71 at the end of 2023, indicating a growth of 7.0%[19]. - The company’s total equity increased to CNY 6,540,552,170.88 as of March 31, 2024, from CNY 6,510,380,436.62 at the end of 2023[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 109,359[12]. - The largest shareholder, Taiyuan Heavy Machinery Group Co., Ltd., holds 1,630,254,225 shares, accounting for 48.22% of total shares[12]. Operational Highlights - Research and development expenses increased by 37.67% due to higher spending on ongoing projects[9]. - The company reported a significant increase of 456.09% in cash paid for construction of fixed assets, intangible assets, and other long-term assets[9]. - The company experienced a 58.25% increase in current non-current liabilities due to an increase in short-term bank loans[9]. - The company received government subsidies amounting to CNY 17,593,580.76, which had a continuous impact on its profitability[8]. - There are no other significant reminders regarding the company's operational situation during the reporting period[15]. - The company has not reported any significant changes in shareholder participation in margin trading or securities lending[14].