GRGTEST(002967)2024-04-25 11:53Financial Performance - The company's operating revenue for Q1 2024 was ¥587,715,589.51, representing a 7.82% increase compared to ¥545,072,846.91 in the same period last year[5] - The net profit attributable to shareholders for Q1 2024 was ¥1,197,322.32, a significant turnaround from a loss of ¥2,617,821.41 in the previous year, marking a 145.74% increase[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥6,055,631.64, an improvement of 38.21% from -¥9,799,901.69 year-on-year[5] - Basic and diluted earnings per share for Q1 2024 were both ¥0.0021, compared to -¥0.0046 in the same period last year, reflecting a 145.65% increase[5] - The net profit for Q1 2024 was -3,276,526.20 CNY, a significant improvement from -8,594,714.88 CNY in Q1 2023, indicating a reduction in losses by approximately 62%[21] - Total comprehensive income for Q1 2024 was -4,647,406.20 CNY, compared to -13,692,674.88 CNY in Q1 2023, representing a decrease in comprehensive losses by about 66%[22] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 90.19%, amounting to ¥4,233,914.95, down from ¥43,153,367.79 in the previous year[5] - Cash flow from operating activities generated a net inflow of 4,233,914.95 CNY, a decline from 43,153,367.79 CNY in the previous year, indicating a decrease of approximately 90%[24] - Cash and cash equivalents at the end of Q1 2024 stood at 1,229,870,892.15 CNY, down from 1,277,088,231.92 CNY at the end of Q1 2023, reflecting a decrease of about 3.7%[24] - The company's cash and cash equivalents decreased to RMB 1,245,908,101.08 from RMB 1,459,736,520.98, a decline of approximately 14.7%[16] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥5,953,698,878.98, a decrease of 1.93% from ¥6,070,858,089.84 at the end of the previous year[5] - Total liabilities decreased to RMB 2,285,752,237.48 from RMB 2,398,264,042.14, a decline of approximately 4.7%[18] - The company's non-current liabilities increased to RMB 789,450,930.33 from RMB 726,008,954.04, reflecting an increase of 8.7%[18] - The company reported a decrease in total current liabilities to RMB 1,496,301,307.15 from RMB 1,672,255,088.10, a decrease of about 10.5%[18] Operational Efficiency - The company optimized its business structure, leading to a reduction in loss-making segments, which contributed to the increase in net profit[9] - The total operating costs for Q1 2024 were RMB 600,726,349.05, up from RMB 558,207,345.48, reflecting a year-over-year increase of 7.6%[20] - Operating profit for Q1 2024 was -10,445,858.21 CNY, an improvement from -14,768,674.50 CNY in the same period last year, showing a reduction in operating losses by approximately 29.5%[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,938[12] - The weighted average return on equity increased by 0.11% to 0.03% due to the rise in net profit attributable to shareholders[10] Government Support - The company received government subsidies amounting to ¥6,456,093.41, which positively impacted its financial performance[7] Research and Development - Research and development expenses increased to 70,173,561.57 CNY, up from 50,317,362.80 CNY, reflecting a growth of about 39.5% year-over-year[21] Investment Activities - Investment activities resulted in a net cash outflow of -221,406,388.72 CNY, compared to -132,772,984.71 CNY in Q1 2023, reflecting an increase in investment expenditures[24] Sales Performance - Sales revenue from goods and services received in cash was 570,142,489.52 CNY, down from 608,806,065.81 CNY, representing a decrease of approximately 6.3% year-over-year[23] Financial Expenses - The company incurred financial expenses of -538,396.57 CNY, a significant improvement from 4,198,967.78 CNY in the previous year, indicating a reduction in financial costs[21]