Nacity Servic(SH:603506)2024-04-25 08:35Financial Performance - The company's operating revenue for Q1 2024 was CNY 441,946,186.25, representing a decrease of 4.98% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 20,825,030.69, down 48.36% year-on-year[5]. - The basic and diluted earnings per share were both CNY 0.11, reflecting a decline of 47.62%[5]. - Total operating revenue for Q1 2024 was ¥441,946,186.25, a decrease of 5.0% compared to ¥465,085,326.94 in Q1 2023[20]. - Net profit for Q1 2024 was ¥23,921,558.61, down 44.1% from ¥42,785,729.55 in Q1 2023[21]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.11, compared to ¥0.21 in Q1 2023, indicating a decline of 47.6%[21]. - The company’s total profit for Q1 2024 was ¥32,249,721.40, down 41.0% from ¥54,619,027.71 in Q1 2023[21]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 135,063,459.65, a significant decrease of 314.89% compared to the previous year[5]. - Cash flow from operating activities showed a net outflow of ¥135,063,459.65 in Q1 2024, worsening from a net outflow of ¥32,554,050.53 in Q1 2023[24]. - Cash and cash equivalents at the end of Q1 2024 were ¥354,424,676.98, compared to ¥306,197,940.05 at the end of Q1 2023, showing an increase of 15.7%[25]. - Investment activities generated a net cash inflow of ¥41,215,174.01 in Q1 2024, a significant improvement from a net outflow of ¥119,078,327.53 in Q1 2023[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,597,059,118.02, down 2.47% from the end of the previous year[6]. - As of March 31, 2024, the total assets of Nandu Property Service Group amounted to RMB 2,597,059,118.02, a decrease from RMB 2,662,952,276.21 at the end of 2023, representing a decline of approximately 2.45%[14]. - The total current assets decreased to RMB 1,824,288,515.21 from RMB 1,863,124,536.77, reflecting a reduction of about 2.4%[14]. - Total liabilities decreased to RMB 1,395,321,322.67 from RMB 1,478,926,140.47, a reduction of about 5.6%[16]. - The total current liabilities decreased to RMB 1,319,755,701.12 from RMB 1,397,659,023.63, a decrease of about 5.6%[16]. - The total non-current assets decreased to RMB 772,770,602.81 from RMB 799,827,739.44, reflecting a decline of about 3.4%[15]. Shareholder Information - The company had a total of 8,862 common shareholders at the end of the reporting period[10]. - The equity attributable to shareholders rose to RMB 1,170,050,979.95 from RMB 1,155,435,848.26, an increase of approximately 1.26%[16]. - The company's retained earnings increased to RMB 640,113,114.62 from RMB 619,288,083.93, showing a growth of approximately 3.3%[16]. Operating Costs and Expenses - Total operating costs decreased to ¥392,226,489.28 in Q1 2024 from ¥405,146,426.18 in Q1 2023, reflecting a reduction of 3.5%[20]. - The company incurred a total of ¥1,388,597.16 in financial expenses in Q1 2024, up from ¥1,117,279.99 in Q1 2023, reflecting a rise of 24.3%[20]. - The company experienced a 169.19% increase in non-operating expenses, primarily due to contributions to a public welfare fund[9]. - The company reported a decrease in sales revenue from services, with cash received from sales dropping to ¥378,432,408.53 in Q1 2024 from ¥459,659,310.84 in Q1 2023, a decline of 17.6%[24]. Asset Composition - The company's cash and cash equivalents stood at RMB 361,629,353.78, down from RMB 467,327,488.17, indicating a decrease of approximately 22.6%[14]. - Accounts receivable increased to RMB 618,923,990.37 from RMB 500,434,253.41, marking a growth of around 23.6%[14]. - Other current assets increased by 149.63%, mainly due to the purchase of large-denomination certificates of deposit[9]. - The company reported a 72.09% increase in prepayments, primarily due to prepayment of energy costs[9].