CXPC(SH:600078)2024-04-26 14:54Financial Performance - The company's operating revenue for Q1 2024 was CNY 734,854,835.55, representing a decrease of 9.48% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of CNY 7,388,891.55, a decline of 137.15% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 18,112,100.39, reflecting a decrease of 183.00% compared to the previous year[5]. - The basic earnings per share for Q1 2024 was -CNY 0.0112, a decline of 137.33% year-on-year[5]. - The diluted earnings per share for Q1 2024 was also -CNY 0.0112, reflecting the same percentage decrease as basic earnings[5]. - The comprehensive income attributable to the parent company's owners for Q1 2024 was -7,388,891.55 CNY, compared to 19,887,372.08 CNY in Q1 2023, indicating a significant decline[18]. - Basic and diluted earnings per share for Q1 2024 were both -0.0112 CNY, down from 0.0300 CNY in Q1 2023[18]. Cash Flow and Investments - The net cash flow from operating activities was CNY 52,669,485.03, an increase of 144.91% year-on-year, mainly due to the collection of receivables[5]. - Cash inflow from operating activities for Q1 2024 was 452,623,677.40 CNY, a decrease of 30.3% from 649,216,738.64 CNY in Q1 2023[19]. - Net cash flow from operating activities increased to 52,669,485.03 CNY in Q1 2024, up from 21,505,983.30 CNY in Q1 2023, representing a growth of 144.5%[19]. - Cash outflow from investing activities in Q1 2024 was 24,397,389.95 CNY, compared to 18,266,638.33 CNY in Q1 2023, reflecting an increase of 33.1%[20]. - Net cash flow from investing activities was -23,855,389.95 CNY in Q1 2024, worsening from -15,090,290.07 CNY in Q1 2023[20]. - Cash inflow from financing activities totaled 25,470,000.00 CNY in Q1 2024, while cash outflow was 135,503,483.44 CNY, leading to a net cash flow of -110,033,483.44 CNY[20]. - The ending balance of cash and cash equivalents as of the end of Q1 2024 was 586,099,752.25 CNY, down from 280,313,759.19 CNY at the end of Q1 2023[20]. Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 5,466,966,038.06, down 1.16% from the end of the previous year[6]. - The equity attributable to shareholders of the listed company was CNY 1,850,454,844.55, a decrease of 0.34% compared to the end of the previous year[6]. - The company's total assets decreased to CNY 5.47 billion in Q1 2024 from CNY 5.53 billion in Q4 2023[14]. - Total liabilities decreased to CNY 3.17 billion in Q1 2024 from CNY 3.24 billion in Q4 2023[13]. - The total equity attributable to shareholders decreased to CNY 1.85 billion in Q1 2024 from CNY 1.86 billion in Q4 2023[14]. Research and Development - Research and development expenses increased to CNY 0.98 million in Q1 2024 from CNY 0.35 million in Q1 2023, reflecting a focus on innovation[16]. Non-Recurring Gains - The company reported non-recurring gains of CNY 10,723,208.84, which included gains from asset disposals and debt restructuring[7]. Mergers and Acquisitions - The company did not execute any mergers or acquisitions during the reporting period, with no net profit reported from merged entities[18]. Accounting Standards - The company is not applying new accounting standards or interpretations for the first time in 2024[21].