CRTC(SH:688459)2024-04-28 07:46Financial Performance - The company's operating revenue for Q1 2024 was ¥100,908,023.23, representing an increase of 8.52% compared to the same period last year[5]. - Total operating revenue for Q1 2024 reached ¥100,908,023.23, an increase of 8.7% compared to ¥92,986,030.98 in Q1 2023[22]. - Net profit for Q1 2024 was ¥3,769,912.84, a significant recovery from a net loss of ¥1,770,405.83 in Q1 2023[23]. - The net profit attributable to shareholders of the listed company was ¥3,628,518.64, with a basic and diluted earnings per share of ¥0.0076[5][6]. - Earnings per share (EPS) for Q1 2024 was ¥0.0076, compared to a loss per share of ¥0.0018 in Q1 2023[24]. - The company reported a total profit of ¥6,855,221.13 in Q1 2024, a turnaround from a loss of ¥33,552.40 in Q1 2023[23]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥22,527,819.02, indicating a cash outflow[6]. - Cash flow from operating activities in Q1 2024 was ¥256,988,158.78, up from ¥251,915,405.80 in Q1 2023, reflecting improved cash generation[24]. - The net cash flow from operating activities for Q1 2024 was -$22,527,819.02, slightly improved from -$22,551,478.81 in the previous period[25]. - The net cash flow from investing activities was -$21,371,056.28, compared to -$113,373.40 in the previous period, indicating significant investment outflows[25]. - Cash and cash equivalents at the end of Q1 2024 totaled $2,491,978,794.09, down from $2,536,341,858.60 at the beginning of the period[25]. - The net increase in cash and cash equivalents for the quarter was -$44,363,064.51, a decline from -$23,032,104.58 in the previous period[25]. - The cash outflow from financing activities was $313,822.41, compared to $258,600.00 in the previous period, indicating increased cash outflows related to financing[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,942,473,107.47, a decrease of 2.73% from the end of the previous year[6]. - As of March 31, 2024, the total assets of the company amounted to RMB 3,942,473,107.47, a decrease from RMB 4,053,030,496.36 at the end of 2023, reflecting a decline of approximately 2.73%[17]. - The company's total liabilities decreased to ¥507,045,947.04 in Q1 2024 from ¥621,510,636.44 in Q1 2023, indicating a reduction in financial leverage[22]. - The company's total current liabilities decreased from RMB 364,528,773.50 to RMB 273,592,690.39, a reduction of approximately 25%[18]. - The company's total equity increased to ¥3,435,427,160.43 in Q1 2024 from ¥3,431,519,859.92 in Q1 2023, showing stability in shareholder value[22]. Research and Development - Research and development expenses totaled ¥13,139,966.88, accounting for 13.02% of operating revenue, a decrease of 2.25 percentage points year-on-year[6]. - Research and development expenses for Q1 2024 were ¥13,139,966.88, slightly down from ¥14,197,385.01 in Q1 2023, suggesting a focus on efficiency[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,299[10]. - The largest shareholder, China Railway Harbin Bureau Group Co., Ltd., held 54.42% of the shares[11]. Strategic Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[4]. - The company is focusing on expanding its market presence and enhancing its product offerings through strategic investments and partnerships[14]. - The management has indicated a positive outlook for the upcoming quarters, expecting growth driven by new product launches and market expansion strategies[14]. Other Financial Metrics - The weighted average return on net assets was 0.11%[6]. - The company reported non-recurring gains and losses of ¥324,388.77 after tax, primarily from government subsidies and other non-operating income[8]. - The company's cash and cash equivalents stood at RMB 2,506,522,145.73, down from RMB 2,545,508,629.27, indicating a decrease of about 1.53%[17]. - Accounts receivable decreased to RMB 518,116,297.69 from RMB 646,305,156.82, representing a decline of approximately 19.8%[17]. - Inventory increased to RMB 405,107,113.10 from RMB 368,115,787.06, showing an increase of about 10.05%[17]. - The long-term equity investments rose to RMB 29,013,108.55 from RMB 26,937,736.32, reflecting an increase of about 7.7%[18]. - The company's non-current assets totaled RMB 405,822,286.04, up from RMB 396,520,978.34, indicating an increase of approximately 2.9%[18]. - The company's total liabilities decreased, contributing to a stronger balance sheet position[18]. Accounting Standards - The company did not apply new accounting standards for the first quarter of 2024[26].