2024-04-26 11:42Financial Performance - The company's operating revenue for Q1 2024 reached CNY 40,065,742, representing a year-on-year increase of 59.83%[4] - The net profit attributable to shareholders of the listed company was a loss of CNY 1,674,456, with a significant reduction in losses compared to the previous year[4][7] - Total operating revenue for Q1 2024 reached CNY 40,065,742 thousand, a significant increase of 59.9% compared to CNY 25,067,711 thousand in Q1 2023[20] - Net profit for Q1 2024 was CNY -2,001,897 thousand, an improvement from CNY -3,273,648 thousand in Q1 2023[21] - The company reported a comprehensive income total of CNY -2,063,807 thousand for Q1 2024, compared to CNY -3,635,719 thousand in Q1 2023[22] - Basic earnings per share for Q1 2024 were CNY -0.11, an improvement from CNY -0.19 in Q1 2023[22] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 9,407,344, reflecting a year-on-year increase of 38.42%[4][8] - In Q1 2024, the cash inflow from operating activities totaled CNY 44,716,587, a significant increase of 48% compared to CNY 30,204,121 in Q1 2023[24] - The net cash flow from operating activities was CNY 9,407,344, compared to CNY 6,796,158 in the same period last year, marking a 38% increase[24] - The total cash and cash equivalents at the end of Q1 2024 stood at CNY 21,935,304, down from CNY 32,052,201 at the end of Q1 2023[25] - The cash outflow for purchasing goods and services was CNY 23,737,346, up from CNY 12,538,632, reflecting a 89% increase year-over-year[24] - The cash flow from other operating activities increased to CNY 3,141,718 from CNY 1,340,351, representing a 134% increase year-over-year[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 341,316,757, a slight increase of 1.79% from the previous year[5] - The total liabilities of the company amounted to 40,633,024 thousand RMB in Q1 2024, up from 32,334,721 thousand RMB in Q4 2023, reflecting an increase of approximately 25.8%[17] - Total liabilities as of Q1 2024 amounted to CNY 306,276,826 thousand, slightly up from CNY 300,014,685 thousand in the previous year[19] - The company’s non-current liabilities totaled CNY 183,163,969 thousand, down from CNY 189,697,411 thousand in the previous year[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 167,174, indicating a stable shareholder base[9] - The major shareholder, China National Aviation Holding Company, holds 39.57% of the shares, with significant stakes from foreign entities as well[9][10] - The proportion of shares held by the controlling shareholder, AVIC Group, increased from 50.14% to 51.32% following the issuance of new shares[14] Investments and Expenses - Research and development expenses for Q1 2024 were CNY 85,305 thousand, compared to CNY 69,676 thousand in Q1 2023, reflecting a growth of 22.4%[20] - The company’s long-term equity investments reached 15,889,735 thousand RMB, up from 15,136,903 thousand RMB, reflecting an increase of approximately 4.9%[17] Inventory and Receivables - The company’s accounts receivable rose to 4,333,047 thousand RMB in Q1 2024 from 3,182,797 thousand RMB in Q4 2023, marking an increase of approximately 36.1%[16] - The company’s inventory increased to 4,580,834 thousand RMB in Q1 2024 from 3,682,821 thousand RMB in Q4 2023, indicating a rise of about 24.3%[16] Cost Management - The company has strengthened cost control measures, contributing to a significant reduction in losses despite increased revenue[7][8] - Total operating costs for Q1 2024 were CNY 43,614,326 thousand, up 46.7% from CNY 29,749,323 thousand in Q1 2023[20]