德众汽车(838030) - 2024 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 25.06% to CNY 2,170,251.00, while the net profit after deducting non-recurring gains and losses fell by 49.26% to CNY 1,392,462.57[9][10] - Basic earnings per share dropped by 50.00% to CNY 0.01 due to the decline in net profit[10] - Total operating revenue for Q1 2024 was approximately ¥602.96 million, a decrease of 1.4% from ¥609.38 million in Q1 2023[43] - Net profit for Q1 2024 was approximately ¥2.03 million, a decline of 32.3% compared to ¥3.00 million in Q1 2023[45] - Operating profit for Q1 2024 was approximately ¥1.86 million, down 53.3% from ¥3.98 million in Q1 2023[45] - Basic and diluted earnings per share for Q1 2024 were both ¥0.01, down from ¥0.02 in Q1 2023[46] Cash Flow and Liquidity - The company's cash flow from operating activities turned negative at CNY -14,930,516.29, a decrease of 188.02% compared to the same period last year[9][10] - Operating cash inflow for Q1 2024 was CNY 703,277,381.50, a decrease of 2.3% compared to CNY 723,068,010.76 in Q1 2023[49] - Net cash flow from operating activities for Q1 2024 was -CNY 14,930,516.29, compared to CNY 16,962,323.69 in Q1 2023, indicating a significant decline[50] - Cash inflow from investment activities in Q1 2024 totaled CNY 11,517,670.62, down from CNY 29,461,476.26 in Q1 2023, reflecting a decrease of 60.9%[50] - The ending cash and cash equivalents balance for Q1 2024 was CNY 56,679,844.71, an increase from CNY 46,422,312.64 in Q1 2023[50] Assets and Liabilities - Total assets decreased by 9.35% to CNY 1,702,620,998.71 compared to the end of last year[9] - Total liabilities decreased from ¥1,410,599,396.81 to ¥1,232,934,425.06, a reduction of about 12.6%[38] - Current liabilities decreased from ¥1,192,822,637.11 to ¥1,001,612,777.98, representing a decrease of approximately 16.0%[37] - Non-current liabilities increased from ¥217,776,759.70 to ¥231,321,647.08, an increase of about 6.0%[37] - Total equity increased slightly from ¥467,653,739.42 to ¥469,686,573.65, a growth of approximately 0.4%[38] Shareholder Information - The total number of ordinary shares at the end of the reporting period is 178,839,681, with 53.34% being unrestricted shares[17] - The top five shareholders hold a combined total of 111,736,152 shares, representing 62.48% of the total shares[19] - The core employees' shareholding decreased from 3.62% to 1.53%, with a reduction of 3,733,156 shares[18] - The company reported a significant shareholder relationship, with two major shareholders being father and son, classified as acting in concert[19] Other Financial Metrics - Other income increased significantly by 668.45% to CNY 627,396.10, primarily from government subsidies[12] - Credit impairment losses decreased to approximately ¥367.61 million in Q1 2024 from ¥721.78 million in Q1 2023[45] - The company experienced a net loss attributable to minority shareholders of approximately ¥137.42 million in Q1 2024, compared to a profit of ¥105.08 million in Q1 2023[46] Commitments and Guarantees - The company provided external guarantees amounting to 1,276,675,000.00 CNY, with a guarantee balance of 561,662,106.56 CNY[26] - The company has no external loans provided and no related party transactions that require disclosure[22] - The company is currently fulfilling commitments related to non-competition and reducing related party transactions[29] - The company has no overdue commitments that have not been fulfilled by the actual controller, directors, supervisors, and senior management[31] - The company has no contingent liabilities or violations related to guarantees[26]