FIRMACO(SH:600967)2024-04-25 12:25Financial Performance - The company reported a non-recurring gain of ¥1,411,457.05, after accounting for tax and minority interests[6]. - The company's revenue decreased by 11.92% compared to the previous period, reflecting challenges in sales performance[13]. - The net profit attributable to shareholders for Q1 2024 was approximately ¥167.77 million, down 21.51% year-over-year[25]. - Operating profit for Q1 2024 was CNY 199,108,769.42, a decline of 18.2% from CNY 243,303,530.20 in Q1 2023[39]. - The company reported a decrease in comprehensive income from $212.75 million to $166.12 million, reflecting overall reduced profitability[58]. Cash Flow - Cash flow from operating activities showed a net decrease of ¥305.78, indicating a reduction in cash received from sales compared to the previous period[7]. - The net cash flow from operating activities for Q1 2024 was negative at approximately ¥1.00 billion, a decline of 305.78% compared to the previous year[25]. - Cash received from sales and services in Q1 2024 was CNY 249,981,413.61, significantly lower than CNY 2,216,082,148.25 in Q1 2023[43]. - The net cash flow from investing activities was -$775.02 million, compared to -$334.15 million in the previous period, indicating a significant increase in cash outflow[44]. - The cash and cash equivalents at the end of the period were $2.73 billion, down from $4.37 billion at the beginning of the period, showing a significant cash depletion[44]. Assets and Liabilities - Total assets at the end of Q1 2024 amounted to approximately ¥22.89 billion, down 3.57% from the end of the previous year[25]. - The company's current liabilities totaled approximately ¥10.48 billion, a decrease of 8.93% from the previous year[25]. - The total liabilities decreased from $12.27 billion to $11.25 billion, reflecting a reduction in financial obligations[57]. - The total equity attributable to shareholders increased from $11.43 billion to $11.61 billion, indicating growth in shareholder value[57]. Income and Expenses - The company's financial expenses increased by 78.41%, attributed to lower interest income from term deposits in the same period last year[13]. - The company experienced a significant increase in other income by 931.03%, mainly due to tax credits recognized by a subsidiary[13]. - The company reported a profit before tax of CNY 199,713,905.64 for Q1 2024, compared to CNY 243,197,890.98 in Q1 2023, reflecting a decrease of 17.9%[39]. - Research and development expenses for Q1 2024 were CNY 42,137,549.26, down from CNY 49,454,325.01 in Q1 2023, indicating a decrease of 14.6%[39]. Shareholder Information - The company has a total of 50,509 common shareholders, with the largest shareholder holding 42.43% of the shares[55]. - Basic earnings per share for Q1 2024 was ¥0.098, reflecting a decrease of 21.6% year-over-year[25]. - Basic earnings per share decreased from 0.125 to 0.098, indicating a reduction in profitability on a per-share basis[58].