ATCDI(SH:603357)2024-04-25 10:22Financial Performance - The company's operating revenue for Q1 2024 was CNY 813,420,464.67, representing a year-on-year increase of 19.54%[5] - The net profit attributable to shareholders decreased by 9.34% to CNY 112,098,716.68 compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 29.43% to CNY 88,896,645.93[5] - Total operating revenue for Q1 2024 reached ¥813,420,464.67, an increase of 19.6% compared to ¥680,473,314.51 in Q1 2023[19] - Net profit for Q1 2024 was ¥114,771,440.73, a decrease of 8.5% from ¥125,005,260.84 in Q1 2023[20] - The company reported a total comprehensive income attributable to shareholders of ¥112,098,716.68 in Q1 2024, down from ¥123,651,178.14 in Q1 2023[21] Cash Flow - The net cash flow from operating activities was negative at CNY -543,916,839.79, indicating a significant cash outflow[9] - The net cash flow from operating activities for Q1 2024 was -$543.92 million, compared to -$274.63 million in Q1 2023, indicating a significant increase in cash outflow year-over-year[24] - Total cash inflow from operating activities was $735.15 million in Q1 2024, up from $700.20 million in Q1 2023, reflecting a growth of approximately 5.5%[24] - Cash outflow for purchasing goods and services increased to $681.33 million in Q1 2024 from $612.58 million in Q1 2023, representing a rise of about 11.2%[24] - The net cash flow from investing activities was -$14.56 million in Q1 2024, an improvement from -$127.75 million in Q1 2023, showing a reduced cash outflow[24] - Cash flow from financing activities resulted in a net outflow of -$4.36 million in Q1 2024, compared to -$1.81 million in Q1 2023, reflecting an increase in cash outflow[25] Assets and Liabilities - Total assets decreased by 6.90% to CNY 6,064,795,311.26 compared to the end of the previous year[6] - Current assets totaled RMB 4,818,426,076.84, down from RMB 5,291,315,975.98 in the previous period[14] - Total liabilities as of March 31, 2024, were RMB 2,455,809,814.38, compared to RMB 3,023,965,122.54 at the end of 2023[15] - The company reported a decrease in accounts payable from RMB 1,631,082,422.73 to RMB 1,473,832,791.68[15] - The total liabilities as of March 31, 2024, amounted to ¥2,469,387,241.44, down from ¥3,039,477,091.08 at the end of 2023[20] Equity and Shareholder Information - Shareholders' equity attributable to the parent company increased by 3.43% to CNY 3,529,408,967.19[6] - Total equity attributable to shareholders reached ¥3,529,408,967.19 as of March 31, 2024, compared to ¥3,412,228,331.88 at the end of 2023[20] - The company has no significant changes in major shareholders, with Anhui Provincial Transportation Holding Group Co., Ltd. holding 47.28% of shares[12] Research and Development - Research and development expenses rose by 77.10% to CNY 33,872,117.12, reflecting increased investment in R&D[8] - Research and development expenses increased to ¥33,872,117.12 in Q1 2024, up 77.1% from ¥19,125,965.69 in Q1 2023[20] Other Financial Metrics - The weighted average return on net assets decreased by 0.63 percentage points to 3.23%[5] - Earnings per share for Q1 2024 were ¥0.21, down from ¥0.23 in Q1 2023[21] - The financial expenses for Q1 2024 showed a net income of -¥793,008.82, an improvement from -¥1,869,716.98 in Q1 2023[20] - The company reported a significant increase in investment income, which rose by 714.75% to CNY 5,638,431.63 compared to the previous year[8] Cash and Cash Equivalents - Cash and cash equivalents decreased to RMB 746,185,658.31 from RMB 1,310,415,670.50[14] - The total cash and cash equivalents at the end of Q1 2024 were $707.78 million, slightly up from $701.52 million at the end of Q1 2023[25] Strategic Developments - There are no significant new strategies or product developments mentioned in the report[13] - The company has not engaged in any share lending or borrowing activities during the reporting period[12]