BJBASHI(SH:600386)2024-04-28 07:47Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,120,432,654.92, representing a year-on-year increase of 6.17%[2] - Total revenue for Q1 2024 reached ¥1,120,432,654.92, an increase of 6.2% compared to ¥1,055,353,909.19 in Q1 2023[15] - Net profit for Q1 2024 was -¥1,735,824.09, an improvement from -¥4,598,901.07 in Q1 2023[16] - The company incurred a net loss attributable to the parent company of ¥16,780,837.62, compared to a loss of ¥4,668,538.65 in Q1 2023[17] - The total comprehensive income for the period was reported at -¥12,002,574.09, compared to -¥2,134,881.07 in the previous year[17] Assets and Liabilities - Total assets decreased by 8.25% from the end of the previous year, amounting to CNY 4,376,582,203.27[3] - Total assets as of March 31, 2024, amounted to ¥4,376,582,203.27, down from ¥4,770,048,839.13 at the end of 2023[12] - Current assets totaled ¥1,651,603,322.17, a decrease of 15.0% from ¥1,944,002,732.54 at the end of 2023[11] - The company’s total liabilities decreased to ¥2,443,759,460.18 from ¥2,815,279,179.58, a decline of 13.2%[12] - Current liabilities decreased to ¥1,363,083,360.64 from ¥1,767,010,388.78, a reduction of 22.8%[12] Cash Flow - The net cash flow from operating activities was CNY 13,168,123.51, with basic earnings per share at -0.01[2] - In Q1 2024, the company reported a net cash flow from operating activities of ¥13,168,123.51, a significant improvement from a net outflow of ¥14,947,342.39 in Q1 2023[20] - Cash flow from investing activities showed a net outflow of -¥63,223,271.48, worsening from -¥21,237,054.42 in the same quarter last year[20] - Cash flow from financing activities resulted in a net outflow of -¥84,346,219.20, compared to -¥149,280,878.60 in Q1 2023, indicating improved cash management[21] - The company reported a significant increase in cash received from financing activities, totaling ¥880,667,195.68, compared to ¥549,786,878.38 in the previous year, highlighting improved access to capital[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 33,950[6] - The largest shareholder, Beijing Public Transport Holdings (Group) Co., Ltd., holds 55.00% of the shares[7] Operational Costs and Expenses - Total operating costs for Q1 2024 were ¥1,106,158,770.82, up from ¥1,050,919,580.07 in Q1 2023, reflecting a rise of 5.3%[15] - The company paid ¥95,514,317.41 to employees, an increase from ¥88,570,033.04 in the previous year, reflecting a rise in workforce costs[20] - The company’s total cash outflow from operating activities was ¥1,231,823,852.18, compared to ¥1,179,446,632.32 in Q1 2023, indicating increased operational expenses[20] Other Financial Metrics - The net profit attributable to shareholders was a loss of CNY 6,514,087.62, and the net profit after deducting non-recurring gains and losses was a loss of CNY 9,195,644.28[2] - Non-recurring gains and losses totaled CNY 2,681,556.66, primarily from government subsidies and asset disposal gains[4] - Accounts receivable increased by 38.59%, mainly due to growth in the new energy and advertising businesses[4] - The company reported a significant increase of 123.99% in long-term borrowings due to new bank loans obtained by subsidiaries[4] - Research and development expenses increased to ¥8,020,561.03 from ¥6,452,834.45, a rise of 24.4%[16] - The company reported a decrease in inventory to ¥363,213,471.33 from ¥397,650,368.64, a reduction of 8.6%[11] - The company’s cash and cash equivalents at the end of Q1 2024 stood at ¥709,973,192.23, down from ¥753,903,719.81 at the end of Q1 2023[21]