ENN-NG(SH:600803)2024-04-26 08:56Financial Performance - Operating revenue for Q1 2024 was CNY 3,420,918, a decrease of 0.41% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 108,058, down 25.80% year-on-year[4]. - Basic earnings per share were CNY 0.35, reflecting a decrease of 25.53% year-on-year[4]. - The core profit attributable to shareholders was CNY 108,238, down 12.85% year-on-year[4]. - Net profit for Q1 2024 was CNY 207,320 million, a decrease of 26% compared to CNY 280,371 million in Q1 2023[21]. - Operating profit decreased to CNY 274,725 million in Q1 2024 from CNY 370,850 million in Q1 2023, reflecting a decline of 26%[20]. - Total comprehensive income for Q1 2024 was CNY 197,457 million, down from CNY 286,218 million in Q1 2023[21]. Cash Flow - Net cash flow from operating activities was negative CNY 3,534, a decline of 101.37% compared to the previous year[7]. - Cash flow from operating activities showed a net outflow of CNY -3,534 million in Q1 2024, compared to a net inflow of CNY 257,137 million in Q1 2023[24]. - Investment activities resulted in a net cash outflow of CNY -520,554 million in Q1 2024, compared to CNY -442,948 million in Q1 2023[25]. - Financing activities generated a net cash inflow of CNY 340,940 million in Q1 2024, an increase from CNY 227,188 million in Q1 2023[25]. - The company's cash and cash equivalents balance at the end of Q1 2024 was CNY 1,692,756 million, compared to CNY 1,132,385 million at the end of Q1 2023[25]. - The company's cash and cash equivalents decreased significantly, with cash flow from operating activities dropping to CNY 2,181 million in Q1 2024 from CNY 6,655 million in Q1 2023[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,660,765, an increase of 1.51% from the end of the previous year[4]. - Total current assets increased to RMB 4,442,788,000 from RMB 4,354,382,000 as of December 31, 2023, reflecting a growth of approximately 2.02%[15]. - Total liabilities amounted to RMB 7,614,723,000 as of March 31, 2024, slightly up from RMB 7,603,685,000 at the end of 2023[17]. - The total liabilities increased to CNY 1,473,156 million in Q1 2024, up from CNY 1,243,640 million in Q1 2023, indicating a rise of approximately 18.5%[28]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,265[9]. - ENN Group International Investment Limited held 44.24% of the shares, making it the largest shareholder[10]. - The company plans to repurchase shares using between RMB 360 million and RMB 600 million over the next 12 months, with a total of 1,116,600 shares repurchased as of March 31, 2024, representing 0.0360% of total share capital[12]. Other Financial Metrics - Non-recurring gains and losses totaled CNY 18,033, with significant contributions from government subsidies and financial asset valuation changes[6]. - Interest income increased to RMB 2,026,000 in Q1 2024 from RMB 1,974,000 in Q1 2023, reflecting a growth of approximately 2.63%[19]. - The company reported a decrease in research and development expenses to CNY 13,918 million in Q1 2024 from CNY 17,102 million in Q1 2023[20]. - The company reported an increase in other income to CNY 54 million in Q1 2024, compared to CNY 22 million in Q1 2023[31]. - The company did not apply new accounting standards or interpretations for the first time in 2024, ensuring consistency in financial reporting[35].