CASHWAY(SH:603106)2024-04-25 10:15Financial Performance - The company's operating revenue for Q1 2024 was ¥92,849,433.47, representing a decrease of 21.77% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥21,189,157.59, with basic and diluted earnings per share both at -¥0.04[5]. - The company reported a net loss of RMB 78,229,114.23 for Q1 2024, compared to a net loss of RMB 57,039,956.64 in Q1 2023[16]. - In Q1 2024, the company reported a net loss of ¥21,189,157.59, compared to a net loss of ¥29,676,560.16 in Q1 2023, representing a 28.4% improvement year-over-year[20]. - Operating profit for Q1 2024 was -¥23,984,641.19, an improvement from -¥34,917,915.24 in the same period last year[20]. - The company reported a total profit loss of ¥23,791,294.48 for Q1 2024, compared to a loss of ¥34,593,135.80 in Q1 2023, showing a significant reduction in losses[20]. - Basic and diluted earnings per share were both -¥0.04 in Q1 2024, an improvement from -¥0.06 in Q1 2023[21]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,720,962,853.87, down 5.57% from the end of the previous year[6]. - The company’s total current assets were RMB 1,186,217,289.72, a decrease from RMB 1,287,302,120.58 in the previous year[14]. - Non-current assets totaled RMB 534,745,564.15 as of March 31, 2024, slightly down from RMB 535,218,227.06 at the end of 2023[15]. - Total liabilities as of March 31, 2024, were RMB 476,491,807.72, a decrease from RMB 556,860,143.90 at the end of 2023[16]. - The equity attributable to shareholders decreased by 1.67% to ¥1,244,471,046.15[6]. - The company’s equity attributable to shareholders was RMB 1,244,471,046.15, down from RMB 1,265,660,203.74 at the end of 2023[16]. Cash Flow - The net cash flow from operating activities was a negative ¥70,293,886.30[5]. - The company experienced a net cash outflow from operating activities of -¥70,293,886.30, compared to -¥57,953,041.74 in Q1 2023, indicating a worsening cash flow situation[25]. - The company received cash from operating activities totaling ¥65,432,788.88, down 34.8% from ¥100,425,711.25 in Q1 2023[24]. - Investment activities generated a net cash inflow of ¥28,841,420.85 in Q1 2024, contrasting with a net outflow of -¥278,633.23 in Q1 2023[25]. - The company’s cash and cash equivalents decreased by ¥41,460,019.23 during the quarter, ending with a balance of ¥672,004,054.45[25]. - Cash and cash equivalents as of March 31, 2024, were RMB 696,656,003.38, down from RMB 737,920,577.75 at the end of 2023[13]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 49,108[10]. - The largest shareholder, 恒融投资集团有限公司, holds 46.43% of the shares[11]. Operating Costs and Revenue - Total operating revenue for Q1 2024 was RMB 92,849,433.47, a decrease of 21.8% compared to RMB 118,686,151.97 in Q1 2023[19]. - Total operating costs for Q1 2024 were RMB 140,217,316.21, down 14.9% from RMB 164,741,541.44 in Q1 2023[19]. - Operating costs included RMB 113,616,507.56 in operating costs for Q1 2024, a decrease of 13.6% from RMB 131,509,411.14 in Q1 2023[19]. - Total revenue from sales of goods and services was ¥54,692,938.34, down 40.1% from ¥91,268,138.98 in Q1 2023[23]. Financial Expenses - The company reported a significant increase in financial expenses by 500.58%, primarily due to increased interest income[9]. - The company experienced a 50.61% decrease in prepayments, attributed to reduced procurement payments[9]. Non-Recurring Gains and Losses - Non-recurring gains and losses totaled ¥1,147,160.07, with government subsidies contributing ¥780,684.73[8]. Research and Development - Research and development expenses for Q1 2024 were ¥14,228,509.43, down from ¥17,561,869.07 in Q1 2023, reflecting a 19.4% reduction[20].