ETERN(SH:600105)2024-04-26 13:58Financial Performance - The company's operating revenue for Q1 2024 was ¥816,237,809.13, representing a decrease of 12.75% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥27,323,010.88, an increase of 13.14% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,832,427.84, reflecting a growth of 34.56% compared to the previous year[5]. - Total operating revenue for Q1 2024 was ¥816,237,809.13, a decrease of 12.7% compared to ¥935,489,337.40 in Q1 2023[20]. - Net profit for Q1 2024 increased to ¥31,774,831.79, compared to ¥29,817,907.98 in Q1 2023, reflecting a growth of 6.5%[21]. - The company reported a profit margin of 3.9% in Q1 2024, up from 3.2% in Q1 2023[21]. - The total comprehensive income attributable to the parent company for Q1 2024 was CNY 27,410,259.91, an increase from CNY 21,568,836.96 in Q1 2023, representing a growth of approximately 27%[22]. - Basic and diluted earnings per share for Q1 2024 were CNY 0.0195, up from CNY 0.0172 in Q1 2023, reflecting an increase of about 13.4%[22]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥254,520,948.98, indicating a significant cash outflow[5]. - Cash inflows from operating activities totaled CNY 627,534,532.33 in Q1 2024, down from CNY 842,000,668.72 in Q1 2023, indicating a decrease of approximately 25.4%[23]. - The net cash flow from operating activities was negative at CNY -254,520,948.98 for Q1 2024, compared to a positive CNY 62,174,005.51 in Q1 2023[23]. - Cash outflows from investing activities amounted to CNY 77,383,445.65 in Q1 2024, a decrease from CNY 188,236,855.19 in Q1 2023, showing a reduction of about 58.9%[24]. - The net cash flow from investing activities was CNY -69,070,325.17 for Q1 2024, an improvement from CNY -124,994,795.28 in Q1 2023[24]. - Cash inflows from financing activities were CNY 1,109,749,311.98 in Q1 2024, compared to CNY 832,097,400.00 in Q1 2023, representing an increase of approximately 33.5%[24]. - The net cash flow from financing activities was CNY 4,491,450.22 in Q1 2024, a significant decrease from CNY 89,286,649.43 in Q1 2023[24]. - The ending balance of cash and cash equivalents was CNY 1,128,438,609.51 as of the end of Q1 2024, compared to CNY 914,680,456.52 at the end of Q1 2023, indicating an increase of about 23.4%[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,163,797,752.49, down 2.68% from the end of the previous year[6]. - The total assets decreased to ¥8,163,797,752.49 in Q1 2024 from ¥8,388,512,400.80 in Q1 2023, a decline of 2.7%[18]. - Total liabilities decreased to ¥5,040,275,320.29 in Q1 2024 from ¥5,267,671,054.59 in Q1 2023, a reduction of 4.3%[17]. - The company's cash and cash equivalents decreased from CNY 1,832,814,442.83 to CNY 1,455,442,021.42, a decline of approximately 20.5%[15]. - Accounts receivable increased from CNY 1,057,408,478.94 to CNY 1,105,591,918.33, reflecting a growth of about 4.5%[15]. - Inventory rose from CNY 699,584,686.95 to CNY 730,716,086.46, an increase of approximately 4.4%[15]. - Long-term equity investments rose to ¥1,289,017,423.42 in Q1 2024, compared to ¥1,267,711,208.63 in Q1 2023, an increase of 1.7%[16]. - The company’s retained earnings increased to ¥105,533,218.22 in Q1 2024 from ¥78,210,207.34 in Q1 2023, reflecting a growth of 35%[17]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 120,435[11]. - The largest shareholder, Yongding Group Co., Ltd., holds 27.24% of shares, totaling 382,618,695 shares[11]. - The total number of shares held by the top ten shareholders includes 382,618,695 shares from Yongding Group, 48,081,539 shares from Shanghai Dongchang Enterprise Group, and 24,029,699 shares from CITIC Securities[12]. - There were no changes in the shareholder structure that would affect the company's control or management[12]. Strategic Outlook - The company has not disclosed any significant new strategies or product developments during the reporting period[14]. - The company has not provided any future performance guidance or outlook in the current report[14]. - The company will not apply new accounting standards or interpretations that involve adjustments to the financial statements for the first year of implementation[26]. Other Financial Metrics - The weighted average return on equity increased by 0.17 percentage points to 0.97%[5]. - The company reported a significant increase of 1,544.80% in trading financial assets due to an increase in wealth management products[8]. - The company experienced a 46.80% decrease in current non-current liabilities due to repayment of long-term borrowings[8]. - The company recorded a 178.39% increase in other income, primarily due to increased government subsidies[8]. - The net cash flow from financing activities decreased by 94.97% due to increased cash payments for debt repayment[9]. - Research and development expenses for Q1 2024 were ¥48,843,196.16, slightly higher than ¥46,904,275.51 in Q1 2023, indicating a focus on innovation[20].