CORUN(SH:600478)2024-04-26 12:38Financial Performance - The company's operating revenue for Q1 2024 was ¥636,869,427.09, a decrease of 28.32% compared to ¥888,328,633.01 in the same period last year[6] - Net profit attributable to shareholders was ¥33,741,569.94, representing an increase of 15.05% from ¥29,337,665.99 year-on-year[6] - The basic earnings per share for the period was ¥0.020, up 11.11% from ¥0.018 in the previous year[6] - The company reported a significant decrease in trade revenue, which was the primary reason for the decline in operating income[11] - Total operating revenue for Q1 2024 was ¥636,869,427.09, a decrease of 28.3% compared to ¥888,458,898.48 in Q1 2023[21] - Net profit for Q1 2024 was ¥24,190,337.91, an increase of 51.1% from ¥15,996,284.51 in Q1 2023[22] - The company reported a total comprehensive income of ¥15,308,397.16 for Q1 2024, compared to ¥11,478,876.87 in Q1 2023, an increase of 33.5%[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,058,702,173.92, reflecting a 2.97% increase from ¥8,765,916,750.74 at the end of the previous year[6] - As of March 31, 2024, total assets amounted to RMB 9,058,702,173.92, an increase from RMB 8,797,759,474.89 as of December 31, 2023, reflecting a growth of approximately 2.96%[16] - Current assets totaled RMB 2,855,446,714.24, up from RMB 2,652,574,668.52, indicating an increase of about 7.66%[17] - The total liabilities were not explicitly stated, but short-term borrowings were RMB 1,600,666,270.00, down from RMB 1,612,181,910.97, indicating a decrease of approximately 0.36%[17] - Total liabilities as of Q1 2024 were ¥5,883,085,057.42, compared to ¥5,634,450,755.55 in the previous year, indicating an increase of 4.4%[19] - The total equity attributable to shareholders was ¥2,734,192,840.71 in Q1 2024, up from ¥2,712,126,347.79 in Q1 2023, showing a growth of 0.8%[19] Cash Flow - The net cash flow from operating activities was -¥118,664,676.90, an improvement from -¥255,119,217.93 in the same period last year[6] - In Q1 2024, the cash inflow from operating activities totaled approximately $1.52 billion, a significant increase of 72% compared to $882.63 million in Q1 2023[26] - The net cash outflow from operating activities was $118.66 million in Q1 2024, an improvement from a net outflow of $255.12 million in Q1 2023[26] - Cash inflow from investment activities decreased to $74.07 million in Q1 2024 from $194.84 million in Q1 2023, reflecting a decline of 62%[26] - The net cash outflow from investment activities was $103.35 million in Q1 2024, compared to a net outflow of $182.79 million in Q1 2023[27] - Cash inflow from financing activities was $1.20 billion in Q1 2024, slightly down from $1.34 billion in Q1 2023[27] - The net cash inflow from financing activities was $102.17 million in Q1 2024, a decrease of 85% compared to $717.86 million in Q1 2023[27] - The total cash and cash equivalents at the end of Q1 2024 stood at approximately $1.10 billion, compared to $1.03 billion at the end of Q1 2023[27] Investments and Acquisitions - The company acquired a 15% stake in Shenzhen Keli Yuan Smart Source Technology Co., Ltd. for ¥3 million, increasing its total ownership to 40% and gaining actual control[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 64,336[12] Research and Development - Research and development expenses increased to ¥16,313,911.87 in Q1 2024, up from ¥13,722,277.69 in Q1 2023, reflecting a growth of 18.8%[21] Other Financial Metrics - The weighted average return on equity increased by 0.19 percentage points to 1.24% from 1.06% year-on-year[6] - Non-operating income included government subsidies amounting to ¥8,361,027.02, contributing positively to the financial results[10] - The company reported a significant increase in cash received from other operating activities, rising to approximately $891.65 million in Q1 2024 from $20.40 million in Q1 2023[26] - The company paid approximately $1.09 billion in other cash related to operating activities in Q1 2024, a substantial increase from $129.46 million in Q1 2023[26] - The company experienced a negative impact of $281,729.21 from exchange rate fluctuations on cash and cash equivalents in Q1 2024[27]