GSDC(SH:603458)2024-04-26 11:07Financial Performance - The company's operating revenue for Q1 2024 was ¥262,476,852.20, representing a decrease of 22.48% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was -¥29,132,245.90, a decline of 191.36% year-on-year[5]. - The net cash flow from operating activities was -¥193,094,517.67, reflecting a decrease of 491.49% compared to the previous year[5]. - The basic and diluted earnings per share were both -¥0.09, a decrease of 190% year-on-year[5]. - The company reported a net loss of CNY 30,449,578.49 for Q1 2024, compared to a profit of CNY 40,123,183.22 in Q1 2023[20]. - The total comprehensive income for Q1 2024 was -28,484,013.42 RMB, down from 32,011,718.49 RMB in the same period last year[22]. - The basic and diluted earnings per share for Q1 2024 were both -0.09 RMB, compared to 0.10 RMB in Q1 2023[22]. - The company reported a decrease in sales revenue from 781,656,538.44 RMB in Q1 2023 to 469,311,002.66 RMB in Q1 2024, a decline of approximately 40%[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,584,742,393.57, down 3.56% from the end of the previous year[5]. - Total assets decreased to CNY 6,584,742,393.57 as of March 31, 2024, from CNY 6,828,107,394.46 at the end of 2023[16]. - Current assets totaled CNY 5,009,047,552.12, down from CNY 5,252,098,809.45 at the end of 2023, reflecting a decrease of 4.6%[16]. - Current liabilities decreased to CNY 3,079,193,314.81 from CNY 3,245,990,374.54, a reduction of 5.1%[17]. - Non-current liabilities decreased to CNY 112,205,824.50 from CNY 160,325,402.69, a decline of 30%[17]. - Cash and cash equivalents were CNY 773,537,389.69, down from CNY 896,032,892.20, a decrease of 13.7%[16]. Contracts and Revenue Sources - The company secured new contracts worth ¥82,559.88 million in Q1 2024, with engineering consulting accounting for 75.43% of the total[12]. - The majority of new contracts were in the highway industry, totaling ¥51,335.71 million, which is 62.18% of the total[12]. - 76.63% of the new contracts were sourced from within Guizhou Province, amounting to ¥63,264.25 million[12]. Cash Flow and Investment Activities - Operating cash flow for Q1 2024 was -193,094,517.67 RMB, a decrease from 49,322,627.84 RMB in Q1 2023[26]. - Cash inflow from operating activities totaled 515,775,744.08 RMB, compared to 1,030,907,648.39 RMB in Q1 2023, reflecting a 50% decrease[26]. - Cash outflow from operating activities was 708,870,261.75 RMB, compared to 981,585,020.55 RMB in Q1 2023[26]. - Investment activities generated a net cash outflow of -42,839,229.50 RMB, an improvement from -123,114,802.68 RMB in Q1 2023[28]. - Financing activities produced a net cash inflow of 117,230,300.07 RMB, compared to a net cash outflow of -88,846,992.59 RMB in Q1 2023[28]. - The cash and cash equivalents at the end of Q1 2024 were 753,900,007.91 RMB, slightly up from 739,518,056.29 RMB at the end of Q1 2023[28]. Research and Development - Research and development expenses increased to CNY 12,084,528.94 in Q1 2024, up from CNY 9,334,876.77 in Q1 2023, reflecting a growth of 29.6%[20]. Profitability Metrics - The company reported a weighted average return on equity of -0.80%, a decrease of 1.75 percentage points year-on-year[5]. - Operating profit for Q1 2024 was a loss of CNY 30,114,005.81, compared to a profit of CNY 40,125,423.58 in Q1 2023[20]. - Non-recurring gains and losses totaled ¥1,620,584.57 for the period, primarily from government subsidies and asset disposals[9].