GMTC(SH:600898)2024-04-24 11:56Financial Performance - The company's operating revenue for Q1 2024 was ¥3,871,289.02, representing a decrease of 67.23% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥11,314,001.60, with a significant decline in orders leading to reduced revenue[3][4]. - Total revenue for Q1 2024 was CNY 3,871,289.02, a decrease of 67.24% compared to CNY 11,812,650.07 in Q1 2023[14]. - Net loss for Q1 2024 was CNY 12,086,382.82, compared to a net loss of CNY 17,922,855.73 in Q1 2023, showing an improvement of 32.25%[14]. - The total comprehensive loss for Q1 2024 was CNY -11,927,130.66, compared to CNY -17,747,593.63 in Q1 2023, indicating a reduction in losses of 32.56%[15]. Cash Flow - The net cash flow from operating activities was a negative ¥210,780.21, indicating a cash outflow during the quarter[3]. - In Q1 2024, the cash inflow from operating activities was CNY 14,859,778.34, slightly up from CNY 14,503,465.96 in Q1 2023, indicating a growth of 2.5%[18]. - The cash outflow for purchasing goods and services decreased to CNY 6,876,846.19 from CNY 9,614,892.83, a reduction of approximately 28.5%[18]. - The net cash flow from operating activities was negative at CNY -210,780.21, an improvement compared to CNY -29,067,770.18 in the same quarter last year[18]. - The company reported a net decrease in cash and cash equivalents of CNY -1,788,404.87 for Q1 2024, compared to a much larger decrease of CNY -34,902,437.34 in Q1 2023[18]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥238,646,304.29, down 5.40% from the end of the previous year[4]. - The company's total assets decreased to CNY 238,646,304.29 as of March 31, 2024, down from CNY 252,267,940.83 at the end of 2023, a decline of 5.41%[11]. - Total liabilities as of March 31, 2024, were CNY 268,078,935.27, slightly down from CNY 269,773,441.15 at the end of 2023[11]. - The company’s current liabilities totaled CNY 212,230,519.37, an increase from CNY 206,600,211.52 at the end of 2023[11]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,043, with the top ten shareholders holding a total of 36.32% of the company's total equity[7][9]. - Shandong Longji Island Construction Co., Ltd. held 28.34% of the shares, with 59.38% of its holdings pledged[8][9]. - Beijing Zhansheng Investment Co., Ltd. held 7.98% of the shares, with its entire holding pledged and involved in litigation risks[8][9]. Cost Management - The company is actively taking cost-cutting measures to address the decline in business orders, resulting in a reduction in losses[5][6]. - Total operating costs for Q1 2024 were CNY 15,984,672.25, down from CNY 30,133,289.61 in Q1 2023, reflecting a reduction of 47.10%[14]. Cash and Equivalents - Cash and cash equivalents decreased to CNY 5,027,209.74 from CNY 7,210,290.71, a decline of 30.25%[10]. - The total cash and cash equivalents at the end of Q1 2024 stood at CNY 1,231,188.42, down from CNY 35,099,226.87 in Q1 2023[18]. - The cash outflow from financing activities was CNY 1,580,625.84, significantly lower than CNY 14,817,023.51 in Q1 2023, marking a decrease of about 89.3%[18]. - The cash inflow from financing activities was CNY 0 in Q1 2024, compared to CNY 10,000,000.00 in Q1 2023[18]. - The company did not report any cash inflow from investment activities in Q1 2024, while it had an outflow of CNY 1,013,460.75 in Q1 2023[18]. - The company experienced a positive impact of CNY 3,001.18 from exchange rate fluctuations on cash and cash equivalents in Q1 2024, contrasting with a negative impact of CNY -4,182.90 in Q1 2023[18]. Accounting Standards - The company has not adopted new accounting standards for the year 2024, as indicated in the report[19].