CITC(SZ:002190)2024-04-25 13:18Revenue and Profitability - The company's revenue for Q1 2024 was ¥487,427,875.14, representing a 43.27% increase compared to ¥340,205,015.47 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥5,816,169.88, a decline of 329.84% from a profit of ¥2,530,519.16 in the previous year[5] - The company's basic and diluted earnings per share were both -¥0.0162, down 328.17% from ¥0.0071 in the same period last year[5] - The net profit for Q1 2024 was CNY 12,615,628.65, compared to a net profit of CNY 11,020,851.02 in the same period last year, indicating a significant increase[22] - The total profit for Q1 2024 reached CNY 20,078,329.92, up from CNY 12,648,522.63 in Q1 2023, reflecting a growth of approximately 58.5%[22] - Operating profit for the quarter was CNY 19,859,861.10, compared to CNY 12,507,357.80 in the previous year, marking an increase of about 58.5%[22] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥63,807,284.99, compared to a negative cash flow of ¥10,607,168.43 in the same period last year, marking a 701.55% increase[5] - In Q1 2024, the cash received from sales increased by 32.01% to approximately ¥296.81 million due to a significant rise in component revenue[10] - The net cash flow from operating activities surged by 701.55% year-on-year, reaching approximately ¥63.81 million, driven by increased cash receipts from sales and tax refunds[10] - Cash and cash equivalents increased to ¥210,639,230.00 from ¥181,024,876.08, reflecting improved liquidity[17] - The company reported cash and cash equivalents at the end of the period amounting to CNY 171,033,268.15, an increase from CNY 103,023,289.49 at the end of Q1 2023[24] Operating Costs and Expenses - The operating costs rose to ¥432,784,085.35, reflecting a 45.83% increase due to the corresponding rise in revenue[9] - Total operating costs for Q1 2024 were ¥472,906,631.95, up 43.5% from ¥329,379,319.51 in Q1 2023[20] - Financial expenses surged by 185.55% to ¥5,980,640.05, primarily due to increased borrowing costs and foreign exchange losses[9] - The company distributed dividends and interest payments totaling approximately ¥3.54 million, a 126.17% increase due to higher loan amounts leading to increased interest payments[10] Assets and Liabilities - Total assets decreased by 8.28% to ¥4,903,316,798.76 from ¥5,346,099,000.15 at the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 54,555, with no preferred shareholders[12] - Total liabilities decreased to ¥1,736,694,892.32 from ¥1,832,987,569.39, reflecting a reduction in financial obligations[19] - The company's equity attributable to shareholders decreased to ¥2,883,616,305.22 from ¥3,248,837,218.82, indicating a decline in shareholder value[19] Research and Development - Research and development expenses increased to ¥19,913,598.91 from ¥16,857,615.86, highlighting a commitment to innovation[20] Other Income and Tax Refunds - The company reported a significant increase in other income, which reached ¥5,448,416.73, up 284.42% from ¥1,417,324.60 in the previous year[9] - The company received tax refunds amounting to ¥5.34 million, a staggering increase of 3070.18% compared to the previous period, primarily from VAT export refunds[10] Shareholder Information - The largest shareholder, China Aviation Industry Group, holds a 50.17% stake, amounting to approximately 179.96 million shares[12] Market and Product Development - The company has not reported any new product developments or market expansion strategies in this quarter[10] - The company did not report any significant new product launches or technological advancements during this quarter[25]