2024-04-26 10:17Financial Performance - The company's operating revenue for Q1 2024 was CNY 21,346,440,113, a decrease of 19.12% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 1,220,351,768, down 20.65% year-on-year[4]. - Basic earnings per share were CNY 0.12, reflecting a decrease of 20.00%[4]. - The net profit for Q1 2024 was 1,092,162,866, compared to 1,306,220,346 in Q1 2023, reflecting a decrease of approximately 16.4%[25]. - Total operating revenue for Q1 2024 was 21,566,434,255, down from 26,556,723,915 in Q1 2023, indicating a decline of about 18.8%[24]. - The company reported a total profit of 969,687,198 for Q1 2024, compared to 1,152,773,278 in Q1 2023, representing a decline of around 15.8%[24]. - The total comprehensive income for Q1 2024 was 1,169,264,586, compared to 1,353,878,978 in Q1 2023, indicating a decrease of approximately 13.6%[25]. - The company’s investment income for Q1 2024 was 1,844,213,711, down from 2,954,518,144 in Q1 2023, indicating a decline of approximately 37.6%[24]. Cash Flow - The net cash flow from operating activities was negative CNY 6,139,262,889, a decline of 731.46% compared to the previous year[4]. - In Q1 2024, the cash inflow from operating activities was ¥29,491,728,700, a decrease from ¥37,108,201,268 in Q1 2023[26]. - The net cash flow from operating activities was -¥6,139,262,889, compared to -¥73,836,988,880 in the same period last year[26]. - Cash inflow from investment activities totaled ¥5,287,396,978, down from ¥7,838,888,713 in Q1 2023[26]. - The net cash flow from investment activities was -¥4,386,076,518, slightly improved from -¥4,639,589,582 in Q1 2023[26]. - Cash inflow from financing activities amounted to ¥10,670,470,033, compared to ¥8,941,442,805 in Q1 2023[27]. - The net cash flow from financing activities was ¥2,088,007,282, an increase from ¥882,572,980 in the previous year[27]. - The company experienced a net decrease in cash and cash equivalents of -¥8,381,442,470 in Q1 2024, compared to -¥4,510,746,271 in Q1 2023[27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 212,461,261,535, down 2.72% from the end of the previous year[5]. - The company's current assets totaled CNY 91.90 billion, down from CNY 101.11 billion in the previous quarter, reflecting a decrease of approximately 9.5%[12]. - Cash and cash equivalents decreased to CNY 39.51 billion from CNY 48.90 billion, representing a decline of about 19.0%[12]. - The total liabilities decreased to CNY 86.88 billion from CNY 93.99 billion, indicating a reduction of approximately 7.6%[21]. - The company's non-current liabilities totaled CNY 18.38 billion, up from CNY 16.87 billion, reflecting an increase of approximately 8.9%[16]. - The company's equity attributable to shareholders increased by 1.13% to CNY 117,025,502,099 compared to the end of the previous year[5]. - The company's equity attributable to shareholders increased to CNY 117.03 billion from CNY 115.72 billion, showing a growth of about 1.1%[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 156,036[7]. - The company received government subsidies amounting to CNY 485,552,958, contributing to a significant increase in other income by 510.09%[5]. - The company received ¥12,300,000 from minority shareholders as part of financing activities[27]. Expenses - Research and development expenses for Q1 2024 were 375,358,538, slightly lower than 397,188,956 in Q1 2023, showing a decrease of approximately 5.5%[24]. - The total operating costs for Q1 2024 were 23,060,417,964, compared to 28,188,485,021 in Q1 2023, indicating a decrease of approximately 18.1%[24]. - The company recorded a credit impairment loss of 95,072,595 in Q1 2024, compared to a loss of 84,740,644 in Q1 2023, reflecting an increase in losses[24]. - The interest income for the quarter was CNY 188.47 million, compared to CNY 158.85 million in the previous period, marking an increase of approximately 18.7%[23]. - The company reported interest income of 21,999,914 for Q1 2024, an increase from 16,384,158 in Q1 2023, representing a growth of about 34.1%[24]. Inventory and Receivables - The accounts receivable rose to CNY 5.55 billion from CNY 5.30 billion, reflecting an increase of about 4.7%[12]. - The inventory increased to CNY 17.50 billion from CNY 16.72 billion, representing a growth of approximately 4.7%[12]. - The short-term borrowings increased to CNY 14.95 billion from CNY 11.67 billion, indicating a rise of about 28.9%[13].