GONGNIU(SH:603195)2024-04-25 12:55Financial Performance - The company's operating revenue for Q1 2024 reached ¥3,802,785,098.41, representing a year-on-year increase of 14.06%[4] - Net profit attributable to shareholders was ¥929,269,677.23, reflecting a growth of 26.27% compared to the same period last year[4] - Basic and diluted earnings per share were both ¥1.05, up by 26.51% from the previous year[4] - The company reported a net profit margin of approximately 25.66% for Q1 2024, compared to 20.66% in Q1 2023[17] - In Q1 2024, the company reported a net profit of ¥930,185,837.24, an increase of 26.4% compared to ¥735,664,087.87 in Q1 2023[18] - Operating profit for Q1 2024 was ¥1,117,003,546.32, up 27.0% from ¥879,809,550.60 in the same period last year[18] - Total comprehensive income for Q1 2024 was ¥945,109,510.70, compared to ¥734,528,065.92 in Q1 2023, reflecting an increase of 28.7%[19] Cash Flow and Liquidity - The net cash flow from operating activities amounted to ¥1,518,671,567.41, showing an increase of 5.52% year-on-year[4] - Cash flow from operating activities netted ¥1,518,671,567.41, an increase from ¥1,439,163,828.60 in Q1 2023, representing a growth of 5.5%[20] - The company's cash and cash equivalents increased to RMB 5,982,509,195.14 as of March 31, 2024, compared to RMB 4,743,714,425.66 at the end of 2023, reflecting a growth of 26.14%[13] - Cash and cash equivalents at the end of the period reached $3,221,713,007.64, up from $2,647,630,976.89[21] - The net increase in cash and cash equivalents for the period was $1,296,369,832.66, compared to $722,287,801.91 in the previous period[21] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥21,296,750,984.25, a 7.77% increase from the end of the previous year[5] - Total liabilities amounted to RMB 5,862,819,014.57, an increase of 10.56% from RMB 5,301,794,179.20 in Q4 2023[15] - The company's equity attributable to shareholders reached RMB 15,418,802,159.78, up from RMB 14,445,921,963.84 at the end of 2023, reflecting a growth of 6.73%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,249[8] - Shareholders' equity attributable to the parent company was ¥15,418,802,159.78, marking a 6.73% increase year-on-year[5] Expenses and Investments - Total operating costs for Q1 2024 were RMB 2,825,714,618.04, up 9.59% from RMB 2,578,041,454.32 in Q1 2023[17] - Research and development expenses rose to ¥172,615,888.92, a 34.0% increase from ¥128,814,538.91 in Q1 2023[18] - The company’s management expenses increased to ¥159,402,504.30, up from ¥132,982,616.50 in Q1 2023, a rise of 19.9%[18] Other Financial Metrics - The weighted average return on equity was 6.22%, an increase of 0.46 percentage points compared to the previous year[4] - Non-recurring gains and losses for the period totaled ¥111,309,817.50, after accounting for tax effects[7] - The company reported investment income of ¥105,435,964.07, significantly higher than ¥40,876,190.65 in the previous year, indicating a growth of 157.5%[18] - The company reported a decrease in credit impairment losses to -¥4,504,610.04 from ¥21,818.46 in Q1 2023, indicating improved asset quality[18] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[17] Audit and Accounting - The company did not conduct an audit for the Q1 financial statements[3] - The company did not apply new accounting standards or interpretations for the first quarter of 2024[22]