Financial Performance - The company's revenue for Q1 2024 was ¥1,714,442,628.85, a decrease of 3.00% compared to ¥1,767,509,157.33 in the same period last year[5] - Net profit attributable to shareholders was ¥27,605,497.74, representing an increase of 4.82% from ¥26,337,206.30 year-on-year[5] - Basic and diluted earnings per share were both ¥0.06, a decline of 14.29% compared to ¥0.07 in the same period last year[5] - Net profit for Q1 2024 was CNY 22,486,267.38, a decrease of 21.0% compared to CNY 28,773,125.40 in Q1 2023[22] - Total operating revenue for Q1 2024 was CNY 1,714,442,628.85, a decrease of 3.0% from CNY 1,767,509,157.33 in the same period last year[21] - Total operating costs for Q1 2024 were CNY 1,682,127,917.55, down 1.5% from CNY 1,707,638,269.21 year-over-year[21] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 18.04% to ¥238,278,290.73, down from ¥290,726,388.42 in the previous year[5] - Cash flow from operating activities for Q1 2024 was CNY 238,278,290.73, down 18.0% from CNY 290,726,388.42 in Q1 2023[24] - The net cash flow from investment activities was -13,318,756.76, compared to -25,021,501.69 in the previous period, indicating an improvement[26] - Cash inflow from financing activities totaled 308,097,195.52, down from 507,863,560.44 in the previous period[26] - The total cash and cash equivalents at the end of the period reached 777,645,427.97, compared to 497,835,863.62 at the end of the previous period[26] - The net increase in cash and cash equivalents was 296,835,017.72, contrasting with a decrease of -40,439,547.30 in the previous period[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,089,420,570.41, an increase of 0.76% from ¥7,036,216,089.15 at the end of the previous year[5] - Total liabilities rose to ¥4,365,499,102.32 from ¥4,333,094,205.42, an increase of approximately 0.75%[18] - Total liabilities as of Q1 2024 were CNY 4,528,826,197.80, an increase from CNY 4,485,683,176.77 in the previous year[22] - Non-current assets totaled ¥806,464,231.72, increasing from ¥782,522,120.83, a rise of about 3.06%[18] Shareholder Information - Shareholders' equity attributable to shareholders was ¥2,467,827,015.16, up 0.68% from ¥2,451,248,772.36 at the end of the previous year[5] - The total number of common shareholders at the end of the reporting period was 18,076[10] - The largest shareholder, Dongfang Keyi Holdings, held 30.13% of the shares, totaling 141,776,229 shares[10] - The company reported non-recurring gains and losses totaling ¥48,130.86 for the period[7] - The company has reported no changes in the top 10 shareholders due to securities lending or borrowing activities[11] Share Restrictions and Releases - The company plans to gradually lift restrictions on shares, with specific dates for release set for July 12, 2024, for several shareholders[13] - The company has a total of 141,776,229 restricted shares at the beginning of the period, which remains unchanged by the end of the period[13] - The company plans to lift restrictions on a total of 4,350,213 shares on July 12, 2024, as part of its share release strategy[15] - The company has a total of 60,694,910 restricted shares held by Taikang Life Insurance Co., Ltd., which will also be released on July 12, 2024[13] - The company has a total of 63,647,394 restricted shares held by Horgos Hongsheng Ruijie Equity Investment Partnership, with the same release date[13] - The company has a total of 9,711,186 restricted shares held by Shenzhen Merchants Zhaoyin Equity Investment Fund Partnership, which will be released on July 12, 2024[13] - The company has a total of 12,138,983 restricted shares held by Tibet Yongliu Capital Management Co., Ltd., with the same release date[13] Research and Development - Research and development expenses for Q1 2024 were CNY 2,461,677.45, a decrease of 17.7% from CNY 2,991,691.28 in Q1 2023[21] Financial Auditing - The first quarter report was not audited, indicating that the financial data is preliminary[27]
国科恒泰(301370) - 2024 Q1 - 季度财报