C&S(SZ:002511)2024-04-24 11:21Revenue and Profit - Revenue for the first quarter was CNY 1,845,195,779.79, a decrease of 10.45% compared to the same period last year[7] - Net profit attributable to shareholders was CNY 95,450,061.57, an increase of 6.72% year-over-year[7] - The total net profit for the first quarter of 2024 was CNY 95,189,802.88, an increase of 6.1% compared to CNY 89,153,848.27 in the same period last year[52] - The total comprehensive income for the first quarter of 2024 was CNY 95,189,802.88, reflecting a growth of 6.1% from CNY 89,153,848.27 year-over-year[52] Cash Flow - Net cash flow from operating activities was CNY -144,649,933.43, a decline of 176.48% compared to the previous year[7] - The company reported a net cash outflow from investing activities of CNY 618,629,811.46, compared to a net outflow of CNY 280,274,981.94 in the previous year[55] - Cash and cash equivalents at the end of the first quarter of 2024 amounted to CNY 1,931,732,609.51, a decrease from CNY 2,067,503,553.24 at the beginning of the period[55] - Cash inflow from operating activities totaled approximately $2.22 billion, slightly down from $2.26 billion in the previous period[69] - Cash outflow from operating activities increased to approximately $2.37 billion, compared to $2.07 billion in the previous period[69] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,841,008,232.90, up 2.96% from the end of the previous year[7] - The company’s total current assets increased to CNY 6,013,869,549.14 from CNY 5,781,005,514.43 in the previous year[61] - The company’s inventory at the end of the first quarter was CNY 1,513,659,210.77, up from CNY 1,328,675,483.95 year-over-year[61] - The company’s total liabilities increased, with short-term borrowings rising by CNY 614,282,048.86, an increase of 65.81%[14] - Total liabilities reached CNY 4,252,883,587.14, up from CNY 4,076,941,333.49, indicating a growth of around 4.31%[48] Investments and Income - The company reported an increase in trading financial assets by CNY 387,965,354.00, a rise of 72.29%[11] - The company experienced a significant increase in other income, which rose by CNY 13,385,546.57, or 180.28%, primarily due to increased government subsidies[17] - Investment income surged by CNY 1,290,768.58, an increase of 4658.62%, attributed to higher returns from financial products[39] - Other income for the quarter was approximately $20.81 million, significantly higher than $7.42 million in the previous period[66] Expenses - Research and development expenses increased to approximately $65.07 million, up 25.5% from $51.83 million in the previous period[66] - Sales expenses rose to approximately $377.73 million, an increase of 9.8% from $343.94 million in the previous period[66] - Management expenses increased to approximately $104.59 million, up 45% from $72.12 million in the previous period[66] Shareholder Information - The company’s major shareholder, Guangdong Zhongshun Paper Group Co., Ltd., holds 28.23% of the shares, while another major shareholder, Zhongshun Company, holds 19.95%[56]