XUSHENG(SH:603305)2024-04-25 11:17Financial Performance - The total comprehensive income attributable to the parent company for Q1 2024 was ¥156,380,995.45, compared to ¥192,843,292.98 in Q1 2023, indicating a decrease of about 18.9%[14] - Basic and diluted earnings per share for Q1 2024 were both ¥0.17, down from ¥0.21 in the same period last year, reflecting a decline of approximately 19%[14] - The net profit for Q1 2024 was ¥156,869,306.52, down from ¥192,590,480.88 in Q1 2023, indicating a decrease of about 18.5%[29] - Net profit attributable to shareholders was CNY 157,182,523.64, down 18.49% year-over-year[41] - Net profit excluding non-recurring gains and losses was CNY 141,816,127.51, reflecting a decline of 23.08%[41] - Operating revenue for the reporting period was CNY 1,138,949,821.73, a decrease of 2.91% compared to the same period last year[41] - Total revenue for Q1 2024 was approximately CNY 1,138.95 million, a decrease of 2.93% from CNY 1,173.08 million in Q1 2023[67] Assets and Liabilities - The total assets as of the end of the reporting period amounted to ¥10,739,835,620.97, an increase from ¥10,063,889,283.31 year-over-year, representing a growth of approximately 6.7%[26] - The company's total liabilities increased to ¥5,139,802,080.92 from ¥4,558,936,936.19, marking an increase of about 12.7%[26] - Total assets at the end of the reporting period were CNY 10,739,835,620.97, an increase of 6.72% from the previous year[48] - The total liabilities increased to CNY 4,324.03 million in Q1 2024 from CNY 3,806.54 million in Q1 2023, reflecting a growth of 13.56%[67] Cash Flow - The cash flow from operating activities for Q1 2024 was ¥405,829,091.63, compared to ¥353,103,445.88 in Q1 2023, showing an increase of approximately 15%[31] - Net cash flow from operating activities increased by 14.93% to CNY 405,829,091.63[41] - Net cash flow from financing activities for Q1 2024 was CNY 458.96 million, compared to a negative cash flow of CNY 34.63 million in Q1 2023[70] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,008, with the largest shareholder, Ningbo Meishan Free Trade Port Area Xusheng Holdings Co., Ltd., holding 27.3% of the shares[22] - The total equity attributable to shareholders increased to CNY 6,402.84 million in Q1 2024 from CNY 6,244.07 million in Q1 2023, representing a growth of 2.54%[67] Other Financial Metrics - The company reported a foreign currency translation difference of -¥801,528.19 for the quarter, compared to a positive amount of ¥5,209.84 in the previous year[14] - The company's fixed assets decreased slightly to ¥3,901,496,135.76 from ¥3,995,987,804.33, a decline of about 2.4%[26] - The company reported a credit impairment loss of ¥1,197,967.82 in Q1 2024, down from ¥2,282,431.47 in Q1 2023, indicating an improvement in credit quality[29] - The company’s long-term borrowings increased to CNY 1,029.70 million in Q1 2024 from CNY 639.70 million in Q1 2023, marking a rise of 60.94%[67] Operational Highlights - In Q1 2024, the company's operating cash inflow from sales reached ¥1,281,254,696.33, compared to ¥1,256,055,982.67 in Q1 2023, reflecting a growth of approximately 2%[38] - The company has not reported any new product launches or significant technological advancements in this quarter[19] - There are no updates on market expansion or mergers and acquisitions in the current report[19]