GS(SH:601500)2024-04-25 09:38Financial Performance - The company's operating revenue for Q1 2024 reached ¥1,443,377,707.08, representing a year-on-year increase of 37.58%[5] - Net profit attributable to shareholders was ¥152,799,925.14, a significant increase of 1,270.57% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥149,202,909.89, reflecting a dramatic increase of 14,373.67%[5] - Basic earnings per share were ¥0.10, up by 861.31% year-on-year[5] - Diluted earnings per share also stood at ¥0.10, with the same percentage increase of 861.31%[5] - The weighted average return on equity was 2.75%, marking an increase of 1,150.00% compared to the previous year[5] - Total operating revenue for Q1 2024 reached ¥1,443,377,707.08, a 37.6% increase from ¥1,049,134,554.62 in Q1 2023[20] - Net profit for Q1 2024 was ¥152,847,787.00, compared to ¥11,205,922.23 in Q1 2023, indicating a significant increase[21] - The total comprehensive income attributable to the parent company for Q1 2024 was approximately ¥24.83 million, significantly higher than ¥6.50 million in Q1 2023, showcasing improved overall financial performance[27] Cash Flow and Investments - The net cash flow from operating activities was ¥262,857,979.69, showing a year-on-year increase of 1,109.62%[5] - The net cash flow from operating activities for Q1 2024 was ¥262.86 million, compared to a negative cash flow of ¥26.04 million in Q1 2023, indicating a turnaround in operational efficiency[26] - The net cash flow from investing activities was negative at ¥981.44 million in Q1 2024, compared to a negative cash flow of ¥85.51 million in Q1 2023, indicating increased investment outflows[26] - The company reported a decrease in cash flow from investing activities due to increased capital expenditures, with cash outflows for fixed assets reaching approximately ¥894.59 million in Q1 2024[26] - Cash and cash equivalents at the end of Q1 2024 stood at ¥877.42 million, down from ¥1.49 billion at the end of Q1 2023, showing a decrease of 41% year-over-year[27] - The company received cash from financing activities totaling approximately ¥1.91 billion in Q1 2024, a decrease from ¥2.26 billion in Q1 2023, reflecting a reduction in financing inflows[26] - The company paid approximately ¥1.18 billion in debt repayments during Q1 2024, compared to ¥1.10 billion in Q1 2023, indicating a consistent debt management strategy[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,650,233,831.96, a 3.26% increase from the end of the previous year[6] - The company's total assets as of Q1 2024 amounted to ¥11,650,233,831.96, up from ¥11,282,262,677.58 in the previous year[18] - Total liabilities increased to ¥6,032,640,168.19 in Q1 2024 from ¥5,728,667,957.64 in Q1 2023[17] - The company's retained earnings increased to ¥1,261,049,862.02 in Q1 2024 from ¥1,108,249,936.88 in Q1 2023, indicating strong profitability retention[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 51,372[11] - Red Bean Group Limited holds 657,320,290 shares, accounting for 41.35% of total shares, with 525,720,000 shares pledged[11] - Shareholders' equity attributable to the parent company was ¥5,573,877,426.24, reflecting a slight increase of 0.50% from the previous year[6] - The total share capital increased from 1,576,860,735 shares to 1,589,490,735 shares following the stock incentive plan[13] Operational Developments - The company established a new subsidiary, Guangdong Qianlima Tire Sales Co., Ltd., with a registered capital of 12 million RMB, holding a 51% stake[14] - The company plans to grant 12.63 million restricted stock units to 44 eligible participants under the 2023 restricted stock incentive plan[13] - The actual controller's family member structure was adjusted, reducing the number of members from five to four, but maintaining control over the company[14] - The company has not reported any changes in the participation of major shareholders in margin trading and securities lending[12] - The company has not disclosed any significant changes in its operational strategy or financial condition that would affect minority shareholders[14] Research and Development - Research and development expenses for Q1 2024 were ¥13,309,644.45, up from ¥11,150,906.48 in Q1 2023, reflecting a focus on innovation[20] Financial Expenses - The company reported a decrease in financial expenses, with a net financial income of -¥1,889,757.13 in Q1 2024 compared to ¥36,020,572.63 in Q1 2023[20] Exchange Rate Impact - The impact of exchange rate fluctuations on cash and cash equivalents was a negative ¥25.02 million in Q1 2024, compared to a negative impact of ¥2.04 million in Q1 2023, indicating increased volatility in foreign exchange[26]