CZDH(SH:600230)2024-04-28 07:36Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,244,627,495.24, representing an increase of 8.28% compared to the same period last year[6] - Net profit attributable to shareholders of the listed company was CNY 20,285,500.86, a decrease of 71.71% year-on-year[6] - The net profit after deducting non-recurring gains and losses was CNY 21,037,690.81, down 71.13% from the previous year[6] - Basic and diluted earnings per share were both CNY 0.0487, reflecting a decrease of 71.56% year-on-year[6] - Net profit for Q1 2024 was ¥23,369,106.09, compared to ¥72,429,412.08 in Q1 2023, indicating a decline in profitability[21] - The total comprehensive income for Q1 2024 is ¥23,369,106.09, down from ¥72,429,412.08 in Q1 2023, reflecting a decline of approximately 67.7%[22] - Basic and diluted earnings per share for Q1 2024 are both ¥0.0487, compared to ¥0.17 in Q1 2023, representing a decrease of 71.4%[22] Cash Flow - The net cash flow from operating activities was CNY 101,763,847.79, an increase of 137.81% compared to the same period last year[6] - The company reported a significant increase in cash flow from sales, indicating improved liquidity despite the drop in profitability[9] - Cash inflows from operating activities in Q1 2024 amount to ¥1,152,057,607.75, an increase of 5.8% from ¥1,089,205,395.47 in Q1 2023[24] - The net cash flow from operating activities for Q1 2024 is ¥101,763,847.79, up from ¥42,791,865.39 in Q1 2023, showing a growth of 137.5%[24] - Cash outflows from investing activities in Q1 2024 total ¥16,901,465.59, a decrease from ¥18,551,612.40 in Q1 2023[25] - The net cash flow from financing activities in Q1 2024 is -¥22,347,356.08, compared to -¥5,172,301.17 in Q1 2023, indicating a larger outflow[25] - The cash and cash equivalents at the end of Q1 2024 stand at ¥240,609,118.43, compared to ¥233,819,100.97 at the end of Q1 2023, reflecting a slight increase[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,405,884,626.39, a slight decrease of 0.09% from the end of the previous year[7] - The company's total assets as of March 31, 2024, amounted to ¥6,405,884,626.39, slightly down from ¥6,411,705,406.80 at the end of 2023[16] - Current assets increased to ¥1,313,570,786.25 from ¥1,197,305,978.53, showing a growth of approximately 9.7%[16] - Inventory levels rose to ¥421,531,793.21, up from ¥360,000,172.36, indicating a 17.1% increase[16] - The company's total liabilities decreased to ¥2,062,447,649.79 from ¥2,093,795,093.37, reflecting a reduction of about 1.5%[17] - The equity attributable to shareholders increased to ¥4,021,679,474.30 from ¥3,999,523,159.17, showing a growth of approximately 0.6%[17] Expenses - Total operating costs for Q1 2024 were ¥1,227,130,182.73, up from ¥1,053,076,878.40 in Q1 2023, reflecting a significant increase in operating expenses[21] - Research and development expenses for Q1 2024 were ¥45,110,117.67, compared to ¥33,295,324.01 in Q1 2023, marking a 35.6% increase[21] - The company reported a decrease in financial expenses, with interest expenses dropping to ¥4,175,378.90 from ¥10,506,135.93 in the previous year[21] Government Support - The company received government subsidies amounting to CNY 511,948.95, which are closely related to its normal business operations[8] Profitability Factors - The decline in net profit was primarily attributed to a decrease in product prices[9] - The net profit attributable to the parent company for Q1 2024 is ¥20,285,500.86, a decrease of 71.7% compared to ¥71,708,749.10 in Q1 2023[22] - The net profit for minority shareholders in Q1 2024 is ¥3,083,605.23, compared to ¥720,662.98 in Q1 2023, indicating a significant increase[22] Accounting Standards - The company has not adopted new accounting standards or interpretations for the first time in 2024[27]