Yueda Inv.(SH:600805)2024-04-26 10:21Financial Performance - The company's operating revenue for Q1 2024 was ¥774,071,562.18, representing a year-on-year increase of 26.35%[5] - The net profit attributable to shareholders for the same period was ¥15,526,493.77, reflecting a significant increase of 154.38% compared to the previous year[5] - The basic earnings per share for Q1 2024 was ¥0.02, which also increased by 154.38% year-on-year[6] - Total revenue for Q1 2024 reached ¥774,071,562.18, an increase of 26.3% compared to ¥612,660,843.99 in Q1 2023[25] - Net profit for Q1 2024 was ¥8,419,308.89, a significant recovery from a net loss of ¥1,271,600.49 in Q1 2023[26] - The total comprehensive income for Q1 2024 was ¥8,419,308.89, a significant improvement from a loss of ¥1,271,600.49 in Q1 2023[27] - The basic and diluted earnings per share for Q1 2024 were both ¥0.02, up from ¥0.01 in Q1 2023, indicating a 100% increase[27] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥8,534,484,177.74, showing a slight increase of 0.61% from the end of the previous year[6] - The company's total assets as of March 31, 2024, amounted to ¥8,534,484,177.74, compared to ¥8,482,496,079.41 at the end of 2023[22] - The company's total liabilities rose to ¥3,714,443,171.95 from ¥3,670,299,779.65, indicating a slight increase of 1.2%[22] - Current assets decreased to ¥3,048,770,000.61 from ¥3,409,907,522.73 at the end of 2023, reflecting a decline of 10.6%[21] - Long-term equity investments increased to ¥2,606,593,441.85 from ¥2,521,628,108.35, representing a growth of 3.4%[21] Cash Flow - The net cash flow from operating activities was negative at -¥54,892,064.74, indicating a decrease in cash generation from operations[5] - Cash inflows from operating activities in Q1 2024 totaled ¥941,388,228.16, compared to ¥777,928,466.13 in Q1 2023, reflecting an increase of approximately 20.9%[30] - Cash outflows from operating activities in Q1 2024 were ¥996,280,292.90, up from ¥834,140,205.66 in Q1 2023, resulting in a net cash flow from operating activities of -¥54,892,064.74[30] - Cash inflows from investment activities in Q1 2024 were ¥62,548,578.46, a decrease from ¥871,757,789.00 in Q1 2023[32] - Cash outflows from investment activities in Q1 2024 were ¥265,419,706.72, compared to ¥94,589,783.65 in Q1 2023, leading to a net cash flow from investment activities of -¥202,871,128.26[32] - Cash inflows from financing activities in Q1 2024 were ¥433,614,411.11, down from ¥878,433,888.89 in Q1 2023[32] - The net cash flow from financing activities in Q1 2024 was -¥40,142,874.20, an improvement from -¥257,388,786.25 in Q1 2023[32] - The ending cash and cash equivalents balance for Q1 2024 was ¥814,439,564.43, down from ¥1,164,135,364.43 in Q1 2023[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,121[11] - Jiangsu Yueda Group holds 34% of shares, with 289,264,449 shares pledged[12] - The top 10 shareholders collectively hold 37.77% of the company's shares[12] - The company reported a total of 9,085,938 shares held by individual shareholder Xiao Wenxia, representing 1.07% of total shares[14] - The company’s major shareholder, Jiangsu Yueda Group, has pledged 136,123,281 shares[12] - The company’s top 10 shareholders include several funds, with the largest being Southern Fund and Guotai Junan Fund[12] Strategic Initiatives - The company plans to increase share buybacks, with a minimum investment of 50 million RMB and a maximum of 86 million RMB[17] - The company’s stock buyback plan is set to occur within six months, contingent on the stock price not exceeding 5.06 RMB per share[17] - The company aims to enhance quality and efficiency to improve returns, as part of its strategic plan[17] Investment and Income - The company experienced a 194.17% increase in investment income, mainly from the transfer of equity in a subsidiary[9] - The company reported a non-recurring gain of ¥57,763,377.51, primarily due to the disposal of non-current assets and government subsidies[8] Operating Costs - Total operating costs for Q1 2024 were ¥854,225,563.24, up 21.4% from ¥703,516,919.98 in Q1 2023[25] - Research and development expenses for Q1 2024 were ¥3,584,428.61, down from ¥4,356,301.87 in Q1 2023, a decrease of 17.7%[26] Return on Equity - The weighted average return on equity increased to 0.36%, up by 0.22 percentage points from the previous year[6]