ZEMIC(SZ:300114)2024-04-25 10:45Financial Performance - The company's operating revenue for Q1 2024 was ¥325,704,613.96, a decrease of 8.97% compared to ¥357,808,505.03 in the same period last year[2] - The net profit attributable to shareholders for Q1 2024 was ¥20,173,526.34, down 11.84% from ¥22,882,850.05 in the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,461,028.36, a decline of 29.25% compared to ¥21,854,237.42 last year[2] - Total operating revenue for Q1 2024 was CNY 325.70 million, a decrease of 8.96% compared to CNY 357.81 million in Q1 2023[14] - Net profit for Q1 2024 was CNY 18.76 million, down 12.86% from CNY 21.53 million in the same period last year[15] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.0344, down from CNY 0.0387 in the previous period, reflecting a decrease of about 8.8%[16] - The total comprehensive income for Q1 2024 was CNY 18,758,265.84, compared to CNY 21,527,142.59 in the previous period, reflecting a decrease of about 12.8%[16] Cash Flow and Investments - The net cash flow from operating activities improved by 28.05%, reaching -¥106,608,119.69, compared to -¥148,176,076.36 in the same period last year[2] - Cash inflow from operating activities totaled CNY 293,327,244.32, compared to CNY 231,383,375.15 in the previous period, indicating an increase of approximately 26.8%[17] - The net cash flow from operating activities was -CNY 106,608,119.69, an improvement from -CNY 148,176,076.36 in the previous period[17] - Cash outflow from investing activities was CNY 55,372,341.94, down from CNY 63,110,926.97 in the previous period, showing a decrease of about 12.5%[18] - The net cash flow from investing activities was -CNY 30,796,797.14, an improvement from -CNY 63,103,916.97 in the previous period[18] - Cash inflow from financing activities was CNY 31,509,666.97, significantly lower than CNY 197,640,699.10 in the previous period, representing a decrease of approximately 84.1%[18] - The net cash flow from financing activities was -CNY 11,169,416.52, a decline from CNY 185,551,576.45 in the previous period[18] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥3,938,519,193.14, a decrease of 0.92% from ¥3,974,910,728.94 at the end of the previous year[2] - The company's cash and cash equivalents decreased by 32.64% compared to the end of last year, primarily due to reduced cash flow from operating activities and loan repayments by a subsidiary[4] - Total current assets decreased to ¥2,279,638,593.23 from ¥2,336,432,072.46[11] - Total liabilities decreased to CNY 1.49 billion from CNY 1.55 billion in the previous quarter[13] - The equity attributable to shareholders of the parent company increased to CNY 2.41 billion from CNY 2.39 billion in the previous quarter[13] Shareholder Information - Total number of common shareholders at the end of the reporting period is 40,830[6] - The largest shareholder, Hanzhong Hanhang Electromechanical Co., Ltd., holds 26.00% of shares, totaling 153,597,730 shares[6] - The second largest shareholder, Hanzhong Aviation Industry (Group) Co., Ltd., holds 23.94% of shares, totaling 141,442,953 shares[6] Other Financial Metrics - Other income increased by 400.83% year-on-year, mainly due to an increase in government subsidies and tax benefits received[4] - The company reported a significant increase in cash received from the disposal of fixed assets, with a year-on-year increase of 222,612.70% due to substantial asset disposals by the parent company and a subsidiary[4] - The company experienced a 231.94% year-on-year increase in financial expenses, primarily due to higher interest expenses and reduced exchange gains[4] - Research and development expenses increased to CNY 37.20 million, up 21.93% from CNY 30.49 million in Q1 2023[14] - The company plans to continue focusing on R&D and market expansion strategies to enhance future growth[15]