XACIG(SH:600596)2024-04-25 08:11Financial Performance - The company's operating revenue for Q1 2024 was CNY 3,974,210,628, representing a year-on-year increase of 2.42%[7] - The net profit attributable to shareholders for Q1 2024 was CNY 110,632,322, reflecting a growth of 4.18% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 63,870,519, which is a significant increase of 40.89% year-on-year[7] - Total operating revenue for Q1 2024 reached ¥3,974,210,628.00, a 2.4% increase from ¥3,880,412,782.06 in Q1 2023[31] - Net profit for Q1 2024 was ¥116,235,452.09, slightly up from ¥115,658,021.36 in Q1 2023, indicating a growth of 0.5%[33] - Total comprehensive income for Q1 2024 was ¥123,995,974.58, compared to ¥121,176,112.37 in Q1 2023, showing an increase of 2.3%[33] Assets and Liabilities - The total assets at the end of Q1 2024 reached CNY 24,066,400,169.10, marking a 10.30% increase from the end of the previous year[9] - As of March 31, 2024, total assets reached approximately ¥24.07 billion, an increase from ¥21.82 billion as of December 31, 2023, representing a growth of about 10.4%[24] - Current assets totaled approximately ¥11.44 billion, up from ¥9.55 billion, indicating a growth of around 19.8%[24] - Total liabilities amounted to approximately ¥10.02 billion, up from ¥7.91 billion, which is an increase of about 26.6%[28] - The company’s equity attributable to shareholders rose to approximately ¥12.75 billion from ¥12.62 billion, showing an increase of about 1.0%[28] Cash Flow - The net cash flow from operating activities was negative at CNY -207,280,487.14, indicating a decrease in cash payments for goods and taxes[7][14] - The net cash flow from operating activities for Q1 2024 was -¥207,280,487.14, an improvement from -¥409,915,579.35 in Q1 2023[37] - Cash flow from investment activities showed a net outflow of $83.58 million, a significant decrease from the previous year's outflow of $534.43 million[39] - Cash inflow from financing activities totaled $2.03 billion, an increase from $1.58 billion in the prior year[39] - The net cash flow from financing activities was $986.27 million, slightly up from $928.84 million year-over-year[39] - The company reported a net increase in cash and cash equivalents of $700.92 million, contrasting with a decrease of $26.76 million in the previous year[39] - The ending balance of cash and cash equivalents reached $4.93 billion, compared to $3.35 billion at the end of the previous year[39] Expenses and Investments - Total operating costs for Q1 2024 were ¥3,932,810,773.12, up 3.5% from ¥3,800,734,888.10 in Q1 2023[31] - Research and development expenses for Q1 2024 totaled ¥128,852,030.80, a decrease of 10.7% compared to ¥144,363,388.56 in Q1 2023[31] - The company reported a decrease in sales expenses to ¥67,937,676.30 in Q1 2024 from ¥63,429,885.25 in Q1 2023, reflecting a rise of 7.9%[31] - Investment income for Q1 2024 was ¥560,674.53, a significant drop from ¥5,437,411.99 in Q1 2023[31] - The company recorded a credit impairment loss of ¥22,008,954.49 in Q1 2024, compared to a gain of -¥1,848,417.81 in Q1 2023[31] Government Support and Other Income - The company received government subsidies amounting to CNY 56,407,492, which positively impacted the financial results[10] - The company reported a non-recurring gain of CNY 46,761,802.60 after accounting for tax and minority interests[12] Shareholder Returns - The basic earnings per share for Q1 2024 was CNY 0.0820, reflecting a decrease of 11.56% year-on-year[7] - Basic earnings per share for Q1 2024 were ¥0.0820, down from ¥0.0927 in Q1 2023, reflecting a decrease of 7.6%[33] - The company distributed $22.91 million in dividends and interest payments, compared to $14.20 million in the previous year[39]