汇鸿集团(600981) - 2024 Q1 - 季度财报

Financial Performance - In Q1 2024, the company reported operating revenue of CNY 9.84 billion, a decrease of 10.53% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 141.31 million, representing a decline of 242.27% year-on-year[5]. - Basic and diluted earnings per share were both negative at CNY -0.06, reflecting a decline of 250.00% year-on-year[5]. - Total operating revenue for Q1 2024 was ¥9,842,795,298.58, a decrease of 10.55% compared to ¥11,001,485,070.08 in Q1 2023[19]. - Net profit for Q1 2024 was a loss of ¥141,119,603.09, compared to a profit of ¥123,465,408.55 in Q1 2023, indicating a significant decline[20]. - The company reported a comprehensive income total of -¥142,150,431.11 for Q1 2024, contrasting with ¥121,407,920.78 in Q1 2023[21]. Cash Flow - The net cash flow from operating activities was negative at CNY 231.57 million, a decrease of 176.26% compared to the previous year[7]. - In Q1 2024, the cash inflow from operating activities was CNY 11,944,193,441.34, a decrease of 2.98% compared to CNY 12,311,015,224.65 in Q1 2023[23]. - The net cash flow from operating activities turned negative at CNY -231,571,813.92, compared to a positive CNY 303,645,479.42 in the same period last year[23]. - Cash inflow from financing activities decreased to CNY 2,668,361,781.66, down 39.0% from CNY 4,380,387,647.72 in Q1 2023[24]. - The net cash flow from financing activities increased to CNY 476,117,434.91, compared to CNY 214,617,726.39 in the same period last year, showing a growth of 121.0%[24]. Assets and Liabilities - Total assets increased to CNY 26.37 billion, up 12.33% from the end of the previous year[6]. - The total liabilities increased to ¥20,877,887,680.51 in Q1 2024 from ¥17,838,043,742.31 in Q4 2023, representing an increase of 11.48%[17]. - The company reported a decrease in equity attributable to shareholders of CNY 4.67 billion, down 2.96% from the previous year[6]. - The company's inventory as of March 31, 2024, was RMB 7,023,335,281.14, a substantial rise from RMB 4,735,882,308.92, reflecting an increase of approximately 48.3%[14]. - Short-term borrowings increased significantly to RMB 7,464,217,794.63 from RMB 5,491,515,751.07, marking an increase of about 35.8%[15]. Operational Challenges - The decline in net profit was primarily due to the impact of market fluctuations on financial assets held by the company[6]. - The company actively controlled certain import businesses to strengthen risk prevention, which affected revenue[6]. - The cash outflow for operating activities totaled CNY 12,175,765,255.26, an increase of 1.4% from CNY 12,007,369,745.23 in the previous year[23]. - The company has not disclosed any new product developments or market expansion strategies in the current report[14]. Investment Activities - Cash inflow from investment activities increased to CNY 228,273,656.98, up from CNY 196,157,228.90 in Q1 2023, marking a growth of 16.37%[24]. - The net cash flow from investment activities improved to CNY 73,290,608.75, compared to CNY 43,507,819.96 in Q1 2023, reflecting a growth of 68.61%[24].