DETC(SH:600081)2024-04-25 08:48Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,573,016,197.71, representing a year-on-year increase of 5.01%[5] - The net profit attributable to shareholders of the listed company was CNY 14,694,558.42, showing a significant increase of 37.76% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 72.69% to CNY 2,004,559.27[5] - The basic and diluted earnings per share were both CNY 0.0254, an increase of 11.89% year-on-year[5] - Net profit for Q1 2024 was ¥44,359,491.93, representing a 32.25% increase from ¥33,554,629.25 in Q1 2023[21] - Earnings per share for Q1 2024 were ¥0.0254, compared to ¥0.0227 in Q1 2023, indicating a growth of 11.93%[22] Cash Flow - The net cash flow from operating activities was CNY 69,945,351.97, reflecting a decline of 50.28% year-on-year[5] - The cash flow from operating activities for Q1 2024 was not detailed in the provided content, but the company continues to focus on improving cash flow management[23] - The net cash flow from operating activities for Q1 2024 was approximately $69.95 million, down from $140.66 million in Q1 2023, indicating a decline of about 50%[25] - Cash received from other operating activities in Q1 2024 was approximately $1.19 billion, a substantial rise from $173.26 million in Q1 2023, marking an increase of over 585%[25] - Cash paid for purchasing goods and services in Q1 2024 was approximately $1.15 billion, which is double the amount of $575.77 million in Q1 2023, indicating a growth of about 100%[25] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 10,174,256,040.04, down 3.26% from the end of the previous year[6] - The total assets decreased to ¥10,174,256,040.04 in Q1 2024 from ¥10,516,941,734.53 in Q1 2023, a decline of 3.26%[18] - Total liabilities decreased to ¥4,679,630,460.90 in Q1 2024 from ¥5,066,149,266.68 in Q1 2023, a reduction of 7.66%[18] Shareholder Information - Total shareholders at the end of the reporting period reached 30,998[13] - The largest shareholder, Dongfeng Automotive Parts (Group) Co., Ltd., holds 438,789,410 shares, accounting for 75.87% of total shares[13] - The company reported a total of 305,073,095 unrestricted circulating shares held by the largest shareholder[13] - The company has not disclosed any significant changes in shareholder relationships or actions during the reporting period[14] Strategic Initiatives - The company plans to expand its management services and enhance operational efficiency through strategic partnerships[10] - No new strategies or product developments were mentioned in the conference call[15] Research and Development - Research and development expenses increased to ¥79,990,998.00 in Q1 2024, up from ¥63,339,756.05 in Q1 2023, marking a rise of 26.51%[21] Investment Income - The company reported an investment income of ¥29,600,262.92 in Q1 2024, compared to ¥16,088,501.99 in Q1 2023, reflecting an increase of 83.83%[21]