MENGTIAN(SH:603216)2024-04-28 07:47Financial Performance - The company's operating revenue for Q1 2024 was CNY 217,454,422.93, representing a year-on-year increase of 33.74%[5] - The net profit attributable to shareholders for the same period was CNY 6,602,556.74, reflecting a growth of 35.58% compared to the previous year[5] - The basic earnings per share increased by 50% to CNY 0.03[5] - The company reported a net profit margin improvement, with net profit for Q1 2024 expected to be higher than the previous year, although specific figures were not disclosed[19] - The net profit for Q1 2024 was CNY 6,602,556.74, a significant increase from CNY 4,870,037.41 in Q1 2023, representing a growth of approximately 35.5%[20] - Operating profit for Q1 2024 reached CNY 7,042,131.92, compared to CNY 1,792,199.95 in the same period last year, indicating a substantial improvement[20] - The company reported a total profit of CNY 7,197,475.73 for Q1 2024, compared to CNY 1,966,576.37 in Q1 2023, marking a year-over-year increase of approximately 265.5%[20] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,247,263,171.46, a decrease of 7.63% from the end of the previous year[6] - Total assets as of March 31, 2024, were CNY 2,247,263,171.46, down from CNY 2,432,923,836.92 at the end of 2023, a decrease of 7.6%[16] - Total liabilities decreased to CNY 455,348,544.11 from CNY 647,611,766.31, reflecting a reduction of 29.7%[16] - The company's equity attributable to shareholders increased slightly to CNY 1,791,914,627.35 from CNY 1,785,312,070.61, a growth of 0.4%[16] Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -140,540,179.74, indicating a significant cash outflow[5] - The net cash flow from operating activities for Q1 2024 was negative at CNY -140,540,179.74, worsening from CNY -78,088,906.05 in Q1 2023[24] - Cash and cash equivalents at the end of Q1 2024 totaled CNY 1,269,107,787.61, an increase from CNY 1,147,079,528.93 at the end of Q1 2023[25] - The company's cash and cash equivalents increased to CNY 1,282,133,186.57 as of March 31, 2024, compared to CNY 892,881,331.81 at the end of 2023, representing a growth of 43.5%[14] - The total cash inflow from investment activities in Q1 2024 was CNY 542,179,899.53, compared to CNY 705,702,767.02 in Q1 2023, showing a decrease of about 23.1%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,913[10] - Zhejiang Mengtian Holdings Co., Ltd. held 55.58% of the shares, making it the largest shareholder[11] Operational Metrics - The company experienced an increase in order volume, which was a key driver for revenue growth[8] - Total operating costs for Q1 2024 were CNY 212,802,297.05, up from CNY 165,015,239.73 in Q1 2023, reflecting a year-over-year increase of 28.9%[19] - Total revenue from sales and services received in Q1 2024 was CNY 215,203,891.88, down from CNY 225,178,192.05 in Q1 2023, reflecting a decrease of about 4.3%[23] - The company incurred sales expenses of CNY 30,130,666.01 in Q1 2024, which is an increase of approximately 40.7% from CNY 21,398,907.30 in Q1 2023[20] Research and Development - Research and development expenses for Q1 2024 were CNY 9,681,332.87, slightly up from CNY 9,374,302.79 in Q1 2023, indicating continued investment in innovation[20] Non-recurring Items - Non-recurring gains and losses for the period totaled CNY -186,865.97, primarily due to asset disposal losses[8] - The weighted average return on equity rose by 0.1 percentage points to 0.37%[5]