China Bester (SH:603220)2024-04-25 13:32Financial Performance - The company's operating revenue for Q1 2024 reached ¥729,407,538.22, representing a year-on-year increase of 30.55%[5] - Net profit attributable to shareholders was ¥46,454,227.23, marking a significant increase of 103.25% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥46,270,621.48, reflecting a growth of 104.20% year-on-year[5] - Basic earnings per share increased by 105.01% to ¥0.1392, while diluted earnings per share rose by 118.41% to ¥0.1483[6] - Total operating revenue for Q1 2024 reached ¥729,407,538.22, a 30.5% increase from ¥558,704,560.57 in Q1 2023[22] - Net profit for Q1 2024 was ¥47,825,371.57, representing a 107.2% increase compared to ¥23,082,386.94 in Q1 2023[23] - Earnings per share for Q1 2024 were ¥0.1392 (basic) and ¥0.1483 (diluted), compared to ¥0.0679 for both in Q1 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,103,825,607.82, a slight decrease of 0.59% from the end of the previous year[6] - Total assets as of Q1 2024 amounted to ¥6,103,825,607.82, slightly down from ¥6,139,942,930.10 in the previous year[19] - Total liabilities for Q1 2024 were ¥4,043,242,494.63, a decrease from ¥4,130,687,194.73 in Q1 2023[19] - The equity attributable to shareholders increased by 2.32% to ¥1,985,026,734.95[6] - The total liabilities of the company are not explicitly stated in the provided documents, but the significant changes in assets suggest a need for careful monitoring of financial health[15] Cash Flow - The company reported a net cash flow from operating activities of -¥345,366,363.13, which is not applicable for year-on-year comparison[5] - Cash flow from operating activities in Q1 2024 was ¥724,292,175.56, an increase from ¥585,924,599.85 in Q1 2023[26] - Net cash flow from operating activities was -345,366,363.13, compared to -396,190,196.00 in the previous period, showing an improvement[27] - Total cash inflow from operating activities was 739,154,644.34, while cash outflow was 1,084,521,007.47, resulting in a net cash flow of -345,366,363.13[27] - Cash flow from investing activities was -795,854,406.64, significantly higher than -187,570,837.72 in the previous period[28] - Cash inflow from financing activities totaled 675,000,000.00, with a net cash flow of 383,344,496.16 after outflows[28] - The ending balance of cash and cash equivalents was 383,877,121.83, down from 1,142,279,499.05 at the beginning of the period[28] Operational Highlights - The increase in operating revenue was driven by the operational launch of the computing power cluster and growth in new business and smart city projects[10] - The company has not reported any new product launches or technological advancements in the current quarter[15] - There are no updates on market expansion or mergers and acquisitions in the latest report[15] - The company has not provided specific future guidance or performance outlook for the upcoming quarters[15] Expenses - Total operating costs for Q1 2024 were ¥674,823,259.43, up 24.3% from ¥543,264,787.41 in Q1 2023[22] - Research and development expenses for Q1 2024 were ¥19,921,471.76, down from ¥22,432,313.70 in Q1 2023[23] - Financial expenses in Q1 2024 were ¥14,802,328.30, significantly higher than ¥4,574,198.73 in Q1 2023, with interest expenses rising to ¥19,118,125.11[23] Changes in Assets - Accounts receivable increased to RMB 2,027,514,671.35 from RMB 1,990,172,537.17, reflecting a growth of about 1.87%[17] - Inventory decreased to RMB 385,202,233.40 from RMB 489,996,837.62, indicating a reduction of approximately 21.43%[17] - Total current assets as of March 31, 2024, were RMB 3,177,290,921.82, down from RMB 3,951,729,799.96, a decrease of around 19.56%[17] - Long-term equity investments slightly decreased to RMB 85,719,974.96 from RMB 86,652,603.67, a decline of about 1.08%[17] - The company's fixed assets increased to RMB 594,064,565.25 from RMB 447,103,883.40, showing a growth of approximately 32.93%[17]