XHW(SH:603888)2024-04-25 08:24Financial Performance - The company's operating revenue for Q1 2024 was CNY 331,693,895.50, representing a year-over-year increase of 2.11%[5] - The net profit attributable to shareholders for Q1 2024 was CNY 27,332,249.59, reflecting a growth of 5.87% compared to the same period last year[5] - The basic earnings per share for Q1 2024 was CNY 0.0527, an increase of 6.04% from the previous year[5] - Total operating revenue for Q1 2024 reached ¥331,693,895.50, a 2.66% increase from ¥324,830,768.20 in Q1 2023[33] - Net profit for Q1 2024 was ¥27,332,249.59, representing an increase of 5.83% compared to ¥25,817,570.00 in Q1 2023[34] - The company reported a total profit of ¥38,091,895.94 for Q1 2024, which is a 34.25% increase from ¥28,395,895.49 in Q1 2023[34] Cash Flow - The net cash flow from operating activities for Q1 2024 was -CNY 188,652,245.67, a decline of 13.91% year-over-year[5] - The net cash flow from investing activities for Q1 2024 was -CNY 362,805,607.01, a significant decrease compared to a positive cash flow of CNY 37,417,634.86 in Q1 2023[5] - Cash and cash equivalents decreased to approximately ¥2.82 billion from ¥3.32 billion, a decline of about 15%[27] Assets and Liabilities - The total assets as of the end of Q1 2024 were CNY 4,918,599,982.79, down from CNY 5,189,708,942.19 at the end of Q1 2023[13] - Total assets at the end of the reporting period decreased by 5.22% to approximately ¥4.92 billion compared to the end of the previous year[18] - The company's total liabilities decreased to ¥1,459,594,796.39 in 2024 from ¥1,752,053,513.65 in 2023, a reduction of 16.67%[31] - Accounts payable decreased from approximately ¥530.29 million to ¥408.14 million, a reduction of about 23%[30] - Contract liabilities decreased from approximately ¥341.99 million to ¥277.89 million, a decline of about 19%[30] - Non-current liabilities include lease liabilities of approximately ¥2.10 million, down from ¥10.40 million[30] Equity - Equity attributable to shareholders increased by 0.62% to approximately ¥3.46 billion compared to the end of the previous year[18] - The total equity attributable to shareholders increased to ¥3,459,005,186.40 in 2024, up from ¥3,437,655,428.54 in 2023, reflecting a growth of 0.62%[31] Research and Development - Research and development expenses rose significantly to ¥20,241,768.68 in Q1 2024, up 72.67% from ¥11,751,451.31 in Q1 2023[33] Shareholder Information - Total number of common shareholders at the end of the reporting period was 65,768[21] - The largest shareholder, Xinhua News Agency, holds 51.00% of the shares, totaling approximately 264.68 million shares[21] Other Comprehensive Income - Other comprehensive income after tax for Q1 2024 was -¥5,982,491.73, an improvement from -¥7,848,093.78 in Q1 2023[34] Company Developments - The company has not disclosed any new product developments or market expansion strategies in this reporting period[24]