GSP GROUP(SH:605088)2024-04-24 09:21Financial Performance - The company's operating revenue for Q1 2024 reached ¥752,967,761.57, representing a year-on-year increase of 19.90%[5] - Net profit attributable to shareholders was ¥66,215,037.80, a significant increase of 136.28% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥52,117,107.84, reflecting a growth of 155.05%[5] - Basic earnings per share were ¥0.41, up 141.18% from the previous year[5] - Operating profit for Q1 2024 was ¥75,329,366.63, compared to ¥37,779,663.04 in Q1 2023, reflecting a significant growth[18] - Net profit for Q1 2024 was ¥65,902,467.01, a 135.5% increase from ¥28,023,861.27 in Q1 2023[20] Cash Flow - The net cash flow from operating activities was -¥154,021,468.25, a decrease of 239.30% year-on-year[5] - Cash inflow from operating activities totaled ¥911,532,440.16, compared to ¥800,994,995.00 in Q1 2023, indicating a strong operational cash flow[23] - Cash outflow from operating activities was ¥1,065,553,908.41, an increase from ¥846,388,541.76 in the previous year[23] - The net cash flow from operating activities for Q1 2024 was -$154.02 million, compared to -$45.39 million in Q1 2023, indicating a decline in operational cash generation[24] - The net cash flow from investing activities was $104.65 million, a significant improvement from -$7.73 million in the same quarter last year, driven by increased cash inflows from investment recoveries[24] - Cash inflows from financing activities totaled $445.11 million, down from $714.42 million in Q1 2023, primarily due to a decrease in cash received from bond issuance[24] - The net cash flow from financing activities was $247.41 million, compared to $650.19 million in the previous year, reflecting changes in debt repayment and dividend distributions[24] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥4,562,571,436.72, an increase of 4.03% from the end of the previous year[6] - The company's current assets totaled RMB 3,523,822,427.87, up from RMB 3,437,175,151.88, indicating an increase of about 2.53%[14] - The total liabilities of the company were RMB 2,450,984,205.62, slightly up from RMB 2,412,700,598.63, marking an increase of about 1.58%[16] - The company's equity attributable to shareholders rose to RMB 2,084,407,239.19 from RMB 1,969,663,532.23, reflecting an increase of approximately 5.79%[16] - The total non-current assets amounted to RMB 1,038,749,008.85, compared to RMB 948,748,393.49, showing an increase of about 9.48%[15] Investment and R&D - Research and development expenses rose to ¥25,259,764.37, up from ¥18,335,874.22 in Q1 2023, highlighting the company's commitment to innovation[18] - The company reported an investment income of ¥1,813,897.20, a turnaround from a loss of ¥1,253,601.34 in the same quarter last year[18] - Cash inflows from investment activities of $782.19 million, significantly higher than $360.55 million in Q1 2023, indicating robust investment recovery efforts[24] Government Support and Strategic Initiatives - The company received government subsidies amounting to ¥1,241,885.39, which are closely related to its normal business operations[7] - The company continues to enhance its global layout and product competitiveness, contributing to the significant growth in revenue and profit margins[8] Accounting and Reporting - The company is not applying new accounting standards for the first time in 2024, which may affect the comparability of financial statements going forward[25]