JLEC(601518)2024-04-26 07:41Financial Performance - The company's operating revenue for Q1 2024 was CNY 265,581,335.66, representing a decrease of 5.76% compared to the same period last year[3]. - The net profit attributable to shareholders for Q1 2024 was CNY 119,714,544.39, down by 1.43% year-on-year[3]. - The net cash flow from operating activities decreased significantly by 29.06%, amounting to CNY 119,913,576.60[3]. - Total operating revenue for Q1 2024 was CNY 265,581,335.66, a decrease of 5.4% compared to CNY 281,828,452.45 in Q1 2023[14]. - Net profit for Q1 2024 was CNY 130,676,686.71, representing an increase of 1.9% from CNY 128,253,964.98 in Q1 2023[16]. - The net profit attributable to shareholders of the parent company was CNY 119,714,544.39, a decrease of 1.5% compared to CNY 121,454,531.95 in the previous year[16]. - The basic earnings per share remained stable at CNY 0.06, with no change from the previous year[3]. - The basic and diluted earnings per share remained stable at CNY 0.06 for both Q1 2024 and Q1 2023[16]. Assets and Liabilities - Total assets as of March 31, 2024, were CNY 6,679,777,716.68, an increase of 1.46% from the end of the previous year[4]. - Total assets as of the end of Q1 2024 were CNY 6,679,777,716.68, compared to CNY 6,583,518,377.36 at the end of Q1 2023[12]. - Total liabilities decreased to CNY 1,147,699,048.67 from CNY 1,182,116,396.06 year-over-year[12]. - The equity attributable to shareholders increased by 2.39% to CNY 5,137,462,404.83 compared to the end of the last year[4]. Cash Flow - The company's cash flow from operating activities for Q1 2024 showed a positive trend, indicating improved liquidity[17]. - The net cash flow from operating activities for Q1 2024 was $119,913,576.60, a decrease of 29% compared to $169,046,414.04 in Q1 2023[19]. - Total cash inflow from operating activities was $270,335,937.25, down from $314,878,822.62 in the previous year, reflecting a decline of approximately 14%[19]. - Cash outflow from operating activities increased to $150,422,360.65, compared to $145,832,408.58 in Q1 2023, indicating a rise of about 3.6%[19]. - The net cash flow from investing activities was -$6,352,696.41, worsening from -$2,180,509.77 in the same quarter last year[20]. - Cash inflow from financing activities totaled $400,000,000.00, with cash outflow amounting to $408,811,211.29, resulting in a net cash flow of -$8,811,211.29[20]. - The ending balance of cash and cash equivalents increased to $1,603,386,581.30, up from $1,096,722,268.21 in Q1 2023, representing a growth of approximately 46%[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,511[6]. - The largest shareholder, Jilin Provincial Highway Group Co., Ltd., holds 54.35% of the shares[6]. Research and Development - Research and development expenses increased to CNY 619,058.30, up from CNY 302,597.57 in Q1 2023, reflecting a focus on innovation[15]. Market Strategy - The company plans to continue its market expansion and focus on new product development in the upcoming quarters[17]. - The company has not reported any new product launches or significant market expansion strategies during this quarter[20].