MCST(300355)2024-04-23 13:01Financial Performance - The company's operating revenue for Q1 2024 was ¥163,122,400.66, a decrease of 44.24% compared to ¥292,562,165.33 in the same period last year[5] - The net profit attributable to shareholders was -¥29,310,587.87, representing a decline of 164.36% from ¥45,540,046.59 in the previous year[5] - The net profit for Q1 2024 was -30,394,337.24 CNY, compared to a net profit of 44,376,140.30 CNY in Q1 2023, representing a significant decline[24] - Operating profit for Q1 2024 was -35,065,700.48 CNY, down from 50,999,707.50 CNY in the same period last year[24] - The company experienced a total comprehensive loss of -30,394,337.24 CNY in Q1 2024, compared to a comprehensive income of 44,376,140.30 CNY in Q1 2023[25] Cash Flow and Liquidity - The net cash flow from operating activities improved by 43.10%, amounting to -¥130,253,004.49 compared to -¥228,906,061.46 in Q1 2023[5] - The cash flow from operating activities in Q1 2024 showed a net outflow of -130,253,004.49 CNY, compared to -228,906,061.46 CNY in Q1 2023, indicating an improvement[28] - The total cash inflow from financing activities in Q1 2024 was 695,284,796.47 CNY, up from 377,227,308.11 CNY in Q1 2023, indicating a growth of approximately 84%[28] - The investment activities resulted in a net cash outflow of -170,061,399.67 CNY in Q1 2024, compared to -10,415,979.17 CNY in Q1 2023, reflecting increased investment activity[28] Assets and Liabilities - The company's total assets decreased by 3.48% to ¥15,383,030,331.89 from ¥15,937,335,454.00 at the end of the previous year[5] - Cash and cash equivalents decreased to CNY 965,592,618.01 from CNY 1,278,328,906.16, a decline of 24.5%[20] - Total liabilities decreased to CNY 9,497,995,557.66 from CNY 10,021,906,342.75, a reduction of 5.2%[21] - Non-current liabilities increased slightly to CNY 3,821,419,494.80 from CNY 3,788,134,414.98, an increase of 0.9%[21] - The company’s equity attributable to shareholders decreased to CNY 5,129,147,793.97 from CNY 5,158,458,381.84, a decline of 0.6%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 56,808[12] - The largest shareholder, Wang Zhaoming, holds 16.93% of the shares, totaling 271,587,342 shares[12] - The top ten shareholders collectively hold a significant portion of the company's shares, with the first three being related to each other[13] - The company has a total of 3 preferred shareholders, with the largest being Hohhot Investment Co., holding 62.50% of the preferred shares[15] - The total number of restricted shares at the beginning of the period was 212,474,447, which increased to 215,181,872 by the end of the period[18] Research and Development - The company’s R&D expenses decreased by 31.60% to ¥23,983,131.49 from ¥35,060,643.70 in the same period last year[9] - The company incurred research and development expenses of 23,983,131.49 CNY in Q1 2024, down from 35,060,643.70 CNY in Q1 2023, a decrease of about 32%[24] Trading and Investment - The company reported a significant increase of 214.37% in trading financial assets, reaching ¥197,974,800.00 due to investments in trust financial products[9] - The company recorded an investment loss of -¥2,830,079.01, a decline of 534.34% compared to a gain of ¥651,575.36 in Q1 2023[9] Sales and Services - The cash received from sales and services increased by 52.87% to ¥636,450,259.00, driven by an increase in project payments collected[9] - Total revenue from sales and services received in Q1 2024 was 636,450,259.00 CNY, an increase from 416,324,727.08 CNY in Q1 2023, reflecting a growth of approximately 53%[26]