DHKJ(600288)2024-04-23 07:38Financial Performance - The company's operating revenue for Q1 2024 was CNY 295,633,368.50, representing a decrease of 40.62% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 21,648,533.09, a decline of 234.35% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 20,961,532.31, reflecting a decrease of 1,010.38% compared to the previous year[5]. - The basic and diluted earnings per share were both CNY -0.0496, a decrease of 234.42% year-over-year[5]. - Total operating revenue for Q1 2024 was ¥295,633,368.50, a decrease of 40.7% compared to ¥497,846,008.79 in Q1 2023[22]. - Net loss for Q1 2024 was ¥32,038,002.49, compared to a net profit of ¥9,933,229.56 in Q1 2023[23]. - The company reported a gross profit margin of -14.9% in Q1 2024, compared to 2.3% in Q1 2023[22]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY 71,318,818.67, indicating a significant cash outflow[5]. - As of March 31, 2024, the company's cash and cash equivalents amounted to ¥581,660,886.69, a decrease from ¥712,560,349.75 on December 31, 2023, representing a decline of approximately 18.3%[16]. - The total current assets decreased to ¥2,193,360,975.25 from ¥2,323,153,652.50, showing a decline of about 5.6%[16]. - The ending cash and cash equivalents balance was $576.42 million in Q1 2024, down from $443.59 million in Q1 2023[28]. - The company experienced a net decrease in cash and cash equivalents of $126.11 million in Q1 2024, compared to an increase of $46.97 million in Q1 2023[28]. Liabilities and Equity - Total assets at the end of Q1 2024 were CNY 3,154,957,295.72, down 4.05% from the end of the previous year[6]. - The equity attributable to shareholders decreased to CNY 1,851,207,788.19, a decline of 1.16% from the previous year[6]. - Total liabilities decreased to ¥962,381,602.00 in Q1 2024 from ¥1,063,448,650.29 in Q1 2023, a decline of 9.5%[18]. Operational Challenges - The decline in revenue and profit was primarily due to project acceptance delays, which prevented timely revenue recognition[7]. - The company is in the process of selling its 49% stake in Dalu Futures, with no substantial progress reported yet[14]. - The company plans to continue seeking a buyer for its 20% stake in Nuon Fund, which has been listed for transfer since January 2023[13]. - The company has approved the sale of a land use right and buildings in Beijing to focus on its core business[13]. Other Financial Metrics - Research and development expenses for Q1 2024 were ¥38,319,277.55, a decrease of 27.6% from ¥52,956,761.51 in Q1 2023[22]. - The company’s long-term equity investments increased slightly to ¥528,875,521.03 in Q1 2024 from ¥521,907,299.04 in Q1 2023[17]. - The company’s financial report for Q1 2024 is unaudited, indicating that the figures may be subject to change[15]. - The company has not disclosed any related party transactions among its top shareholders[12].