CHIC(SH:601608)2024-05-13 11:34Financial Performance - The company's operating revenue for the reporting period was RMB 2,177,168,780.80, representing a year-on-year increase of 0.22%[13] - The net profit attributable to shareholders of the listed company was RMB 89,777,996.14, reflecting a year-on-year increase of 12.12%[13] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 74,026,099.74, showing a significant year-on-year increase of 96.41%[13] - The basic earnings per share for the reporting period was RMB 0.0207, an increase of 11.83% compared to the same period last year[13] - The diluted earnings per share was also RMB 0.0207, with the same year-on-year increase of 11.83%[13] - The weighted average return on net assets was 1.11%, which increased by 0.07 percentage points compared to the previous year[13] - The total comprehensive income for the first quarter of 2024 was CNY 77,250,265.93, compared to CNY 86,376,710.26 in the same period of 2023, reflecting a decrease of approximately 10.5%[52] - The net profit attributable to the parent company for the first quarter was CNY 81,420,366.32, up from CNY 84,665,985.69 in the previous year, indicating a decline of about 3.5%[52] - Basic and diluted earnings per share for the first quarter were both CNY 0.0207, compared to CNY 0.0185 in the same period last year, representing an increase of approximately 12%[52] - The net profit for Q1 2024 was CNY 48,023,547.76, a decrease of 33.8% from CNY 72,383,582.81 in Q1 2023[65] Revenue and Costs - The revenue from other income increased from 13,447,462.83 to 31,042,747.38, marking a growth of about 130.5%[26] - Total operating revenue for Q1 2024 was CNY 2,177,168,780.80, slightly up from CNY 2,172,383,005.13 in Q1 2023, representing a growth of 0.13%[49] - Total operating costs for Q1 2024 were CNY 2,112,855,016.29, compared to CNY 2,097,031,257.23 in Q1 2023, an increase of 0.76%[49] - Cash inflow from sales of goods and services was CNY 2,314,331,711.52, compared to CNY 1,956,411,049.02 in the previous year, marking an increase of about 18.3%[54] - Total cash outflow from operating activities was CNY 2,313,568,509.03, compared to CNY 2,197,052,049.43 in Q1 2023, reflecting an increase of approximately 5.3%[54] Assets and Liabilities - The total assets decreased from 18,351,164,654.47 to 18,126,018,071.76, a decline of approximately 1.23%[22] - The total liabilities decreased from 10,113,471,524.08 to 9,811,096,637.13, a reduction of about 2.99%[23] - The company's total assets as of Q1 2024 were CNY 10,595,473,788.94, a slight decrease from CNY 10,609,483,522.50 in Q1 2023[45] - The company’s inventory decreased to CNY 4,417,631,761.12 in Q1 2024 from CNY 4,572,751,969.52 in Q1 2023, a reduction of 3.39%[45] - The total liabilities increased to CNY 8,241,782,958.20 from CNY 8,151,791,945.49, indicating a rise in financial obligations[58] Cash Flow - Net cash flow from operating activities in Q1 2024 was CNY 126,026,170.02, a significant improvement from a negative CNY 84,348,948.17 in Q1 2023[36] - Cash and cash equivalents at the end of Q1 2024 totaled CNY 687,023,793.73, compared to CNY 591,798,448.29 at the end of Q1 2023, reflecting an increase of 16.06%[37] - The company reported a net cash outflow from investing activities of CNY -8,228,939.17 in Q1 2024, compared to CNY -6,011,626.07 in Q1 2023[37] - Cash inflow from financing activities in Q1 2024 was CNY 700,000,000.00, slightly down from CNY 720,000,000.00 in Q1 2023[37] - Cash flow from operating activities generated a net inflow of CNY 51,008,181.66, a significant improvement from a net outflow of CNY -106,713,319.16 in Q1 2023[54] - Cash flow from financing activities resulted in a net outflow of CNY -176,976,506.11, compared to CNY -722,402,716.67 in Q1 2023, showing an improvement in financing cash flow[55] Research and Development - Research and development expenses decreased from 122,387,394.38 to 88,914,061.60, a reduction of approximately 27.3%[26] - Research and development expenses for Q1 2024 were CNY 14,311,581.50, significantly lower than CNY 57,903,922.87 in Q1 2023[65] Strategic Initiatives - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[38] - The company continues to focus on market expansion and new product development as part of its strategic initiatives for growth[61] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 92,280[7] - As of March 31, 2024, the top 10 shareholders include China Gold Group Asset Management Co., Ltd., which has returned all borrowed shares, resulting in a remaining borrowing of 0 shares[74] - The Agricultural Bank of China - CSI 500 ETF has a remaining borrowing of 1,449,900 shares as of March 31, 2024[74] Miscellaneous - Non-recurring gains and losses included a profit from the disposal of non-current assets amounting to RMB 3,442,897.09[5] - Government subsidies recognized in the current period amounted to RMB 11,034,800.03, which are closely related to the company's normal business operations[5] - The company reported a loss of RMB 928,053.46 from fair value changes of financial assets and liabilities, excluding effective hedging activities[5] - The financial statements for the first quarter of 2024 are presented in RMB and are unaudited[75] - The report does not provide additional important information regarding the company's operational situation during the reporting period[75]