XGMA(SH:600815)2024-04-26 09:49Financial Performance - The company's operating revenue for Q1 2024 was ¥142,376,135.88, a decrease of 18.82% compared to ¥175,383,367.63 in the same period last year[2] - The net profit attributable to shareholders was ¥892,156.50, a significant improvement from a loss of ¥9,230,468.24 in the previous year[2] - The basic earnings per share increased to ¥0.0005 from -¥0.005 in the previous year[2] - The company reported a significant increase in trading financial assets, which rose to CNY 120,357,276.56 from CNY 62,414,399.19, reflecting an increase of approximately 92.9%[10] - The company reported an operating profit of CNY 12,314,049.32 for Q1 2024, a significant improvement from an operating loss of CNY 8,553,538.86 in Q1 2023[15] - The comprehensive income total for Q1 2024 was CNY 10,009,932.76, compared to a comprehensive loss of CNY 9,160,393.25 in Q1 2023[16] - The net profit for Q1 2024 was CNY 10,060,737.17, compared to a net loss of CNY 9,568,826.75 in Q1 2023[16] Cash Flow - The net cash flow from operating activities was -¥9,627,587.40, an improvement from -¥13,502,587.01 year-on-year[2] - Cash received from sales of goods and services in Q1 2024 was CNY 136,181,274.63, a decline of 40.54% from CNY 229,110,646.62 in Q1 2023[19] - The total cash inflow from investment activities was 965,183,847.34 RMB, significantly higher than 52,846,606.81 RMB in the same period last year, marking an increase of over 1,700%[20] - The net cash flow from investment activities was -12,655,269.19 RMB, an improvement from -121,608,502.34 RMB in Q1 2023, reflecting a positive trend[20] - The total cash and cash equivalents at the end of Q1 2024 were 417,039,881.72 RMB, down from 214,825,188.77 RMB at the end of Q1 2023, a decrease of approximately 72%[21] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥2,381,364,807.35, a slight decrease of 0.38% from ¥2,390,416,201.75 at the end of the previous year[4] - The company's total liabilities as of Q1 2024 amounted to CNY 674,098,347.04, down from CNY 693,718,778.10 in the previous year[12] - Total current liabilities increased to CNY 415,000,000.00 from CNY 392,000,000.00, representing an increase of approximately 5.8%[11] - The total equity attributable to shareholders of the parent company was CNY 1,511,378,557.40 in Q1 2024, slightly up from CNY 1,510,077,816.99 in Q1 2023[12] Operational Insights - The decrease in operating revenue was primarily due to a reduction in sales volume compared to the previous year[6] - The company anticipates continued improvement in profitability driven by the performance of its subsidiary in the shield machine leasing and maintenance business[6] - The company has not reported any significant changes in its operational strategies or new product developments during the reporting period[10] Research and Development - Research and development expenses increased to CNY 6,288,362.07 in Q1 2024, compared to CNY 5,477,640.20 in Q1 2023, reflecting a focus on innovation[15] - Research and development expenses for Q1 2024 were ¥4,551,946.73, slightly up from ¥4,382,994.80 in Q1 2023, reflecting continued investment in innovation[25]