CIXING(SZ:300307)2024-04-25 08:52Financial Performance - The company's revenue for Q1 2024 was CNY 592,117,608.28, representing an increase of 11.72% compared to CNY 529,988,717.99 in the same period last year[5] - Net profit attributable to shareholders reached CNY 226,931,047.87, a significant increase of 495.01% from CNY 38,139,069.29 year-on-year[5] - Basic earnings per share rose to CNY 0.29, marking an increase of 480.00% compared to CNY 0.05 in the same quarter last year[5] - Net profit for Q1 2024 was CNY 249.64 million, significantly higher than CNY 35.73 million in Q1 2023, representing a growth of 598.5%[19] - The total comprehensive income for the first quarter of 2024 was approximately CNY 246.73 million, compared to CNY 36.30 million in the same period last year, representing a significant increase[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,059,187,287.68, reflecting a growth of 5.61% from CNY 4,790,646,918.94 at the end of the previous year[5] - The company's total assets increased to CNY 5.06 billion in Q1 2024, compared to CNY 4.79 billion in Q1 2023, marking a growth of 5.6%[16] - Current liabilities totaled CNY 1.86 billion in Q1 2024, slightly up from CNY 1.84 billion in Q1 2023[16] Cash Flow - The net cash flow from operating activities decreased by 44.55% to CNY 106,128,183.24, down from CNY 191,397,788.37 in the previous year[8] - The net cash flow from operating activities was CNY 106.13 million, down from CNY 191.40 million in the previous year, indicating a decrease of approximately 44.6%[23] - Cash inflow from sales of goods and services reached CNY 711.69 million, an increase of 5.5% from CNY 675.80 million in the previous year[22] - The net cash flow from investing activities was negative CNY 42.34 million, an improvement from negative CNY 87.32 million in the previous year[23] - The company incurred cash outflows from financing activities of CNY 140.29 million, a decrease from CNY 572.98 million in the previous year[23] Investment and Expenses - The company reported a significant increase in investment income, which reached CNY 192,982,303.70, compared to a loss of CNY 2,123,775.25 in the same period last year, representing a growth of 9186.76%[8] - Research and development expenses increased by 16.74% to CNY 12,121,580.19, up from CNY 10,383,111.47 year-on-year[8] - Research and development expenses increased to CNY 12.12 million in Q1 2024, compared to CNY 10.38 million in Q1 2023, reflecting a growth of 16.7%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 38,440[10] - The company has a major shareholder structure with Ningbo Yuren Wisdom Technology (Group) Co., Ltd. holding 135,754,541 shares, representing a significant portion of the equity[11] - The company has not reported any changes in the number of preferred shareholders or significant changes in restricted shares[12] Other Information - The company has not disclosed any new product developments or technological advancements in this quarter[12] - There are no reported mergers or acquisitions during this period[12] - The company reported a foreign exchange loss of CNY 2.91 million in the current period, compared to a gain of CNY 0.57 million in the previous year[20] - The company has not undergone an audit for the first quarter report[24]