People.cn (SH:603000)2024-04-25 08:21Financial Performance - The company's operating revenue for Q1 2024 was ¥322,865,463.97, representing a decrease of 2.81% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was -¥18,064,890.34, a decline of 165.69% year-on-year[4] - The basic earnings per share for the period was -¥0.02, reflecting a decrease of 200.00% compared to the previous year[4] - Operating profit turned negative at -¥19,284,214.29 compared to a profit of ¥21,007,602.52 in the same quarter last year[18] - The company's net profit margin has significantly declined, reflecting challenges in maintaining profitability[18] - The net profit for Q1 2024 was -22,612,667.48, compared to a net profit of 19,982,181.86 in Q1 2023, indicating a significant decline[19] - The total comprehensive income for Q1 2024 was -25,053,350.59, compared to 17,561,446.39 in Q1 2023, reflecting a substantial decrease[19] - The basic and diluted earnings per share for Q1 2024 were both -0.02, down from 0.02 in Q1 2023[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,176,969,987.48, down 5.31% from the end of the previous year[5] - The total current assets as of March 31, 2024, amounted to CNY 3,585,339,216.92, a decrease from CNY 4,095,096,255.27 as of December 31, 2023, reflecting a decline of approximately 12.5%[13] - The total non-current assets increased to CNY 1,591,630,770.56 from CNY 1,372,130,956.37, showing an increase of about 16%[14] - The total liabilities decreased from ¥1,445,375,826.16 to ¥1,180,171,952.59, a reduction of about 18.4%[15] - The total liabilities as of March 31, 2024, are not explicitly stated but are essential for assessing the company's financial health[12] Cash Flow - The net cash flow from operating activities was -¥214,045,052.05, with no applicable year-on-year comparison[4] - Cash flow from operating activities for Q1 2024 was -214,045,052.05, compared to -188,493,102.49 in Q1 2023, showing a worsening cash flow situation[20] - The net cash flow from investment activities for Q1 2024 was -393,053,181.57, an improvement from -747,071,281.50 in Q1 2023[21] - The net cash flow from financing activities for Q1 2024 was -32,303,993.31, slightly better than -33,035,801.32 in Q1 2023[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 153,780[9] - The largest shareholder, People's Daily, holds 48.43% of the shares, totaling 535,540,064 shares[9] - There are no significant changes in the top 10 shareholders or their participation in margin financing and securities lending activities[11] Operational Costs and Expenses - Total operating costs decreased from ¥362,534,168.53 to ¥351,369,887.25, a decline of about 3.1%[18] - Research and development expenses increased from ¥21,929,508.29 to ¥22,336,658.31, an increase of approximately 1.9%[18] - Other income decreased from ¥5,431,659.26 to ¥3,450,076.29, a decline of about 36.4%[18] - The company reported a tax expense increase from ¥3,431,101.23 to ¥4,085,706.48, an increase of approximately 19.1%[18] Investments and Developments - The company's long-term equity investments decreased slightly to CNY 134,398,511.16 from CNY 140,476,601.12, a decrease of approximately 4.8%[14] - The company reported a significant increase in trading financial assets to CNY 1,480,000,000.00 from CNY 1,230,155,000.00, reflecting an increase of approximately 20.2%[13] - The company has not disclosed any new product developments or technological advancements in this quarter[12] - The company has not provided any specific guidance or outlook for future performance in this report[12]