汇通集团(603176) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥321,032,995.20, representing a decrease of 29.14% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥40,098,114.33, with a similar loss of ¥40,095,200.10 when excluding non-recurring gains and losses[3]. - The company's net profit for Q1 2024 was a loss of CNY 35,564,400.10, compared to a loss of CNY 24,799,227.14 in Q1 2023, indicating a worsening performance[30]. - Operating profit for Q1 2024 was -46,729,813.27 RMB, a decline from -21,075,231.50 RMB in the same period last year, indicating a worsening operational performance[18]. - The company's retained earnings decreased to CNY 248,384,096.52 from CNY 288,482,210.85 at the end of 2023, reflecting a decline of 13.9%[15]. - The company's basic and diluted earnings per share for Q1 2024 were both -0.09 RMB, compared to -0.05 RMB in Q1 2023, indicating a decline in earnings performance[19]. Cash Flow - The net cash flow from operating activities was negative at ¥81,221,321.70, indicating increased expenditures on taxes, labor, and materials compared to the previous year[3]. - The net cash flow from operating activities for Q1 2024 was -81,221,321.70 RMB, slightly improved from -90,883,423.72 RMB in Q1 2023[23]. - The net cash flow from financing activities for Q1 2024 was 380,671,752.56 RMB, a significant increase from 174,275,482.08 RMB in Q1 2023, reflecting improved financing activities[23]. - The net cash flow from financing activities was positive $270.8 million in Q1 2024, a turnaround from a negative $46.0 million in Q1 2023, showing improved financing conditions[35]. - The company experienced a net increase in cash and cash equivalents of approximately $156.2 million in Q1 2024, contrasting with a decrease of $242.4 million in Q1 2023[35]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,509,217,172.64, reflecting a slight increase of 1.08% from the end of the previous year[4]. - Total liabilities as of March 31, 2024, were CNY 4,392,718,720.74, an increase of 2.6% from CNY 4,282,132,805.72 at the end of 2023[14]. - The company's total liabilities as of March 31, 2024, were CNY 3,516,864,422.40, compared to CNY 3,456,338,116.05 at the end of 2023[27]. - The company's long-term borrowings increased to CNY 693,930,000.00 from CNY 615,800,000.00, representing a 12.6% increase[27]. - The total equity decreased to CNY 960,771,223.09 from CNY 1,006,059,972.50, indicating a decline in shareholder value[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,931[8]. - Major shareholders include Zhang Zhongqiang and Zhang Zhongshan, each holding 22.87% of the shares, with significant portions pledged[9]. Cost and Expenditure - The company reported a significant increase in costs, with expenditures on taxes, labor, and materials rising more than the revenue collection[6]. - Total operating costs for Q1 2024 were CNY 326,072,259.72, down 22.5% from CNY 420,856,200.34 in Q1 2023[17]. - The company incurred financial expenses of 18,748,407.29 RMB in Q1 2024, compared to 18,670,481.41 RMB in Q1 2023, indicating a slight increase[18]. - Research and development expenses for Q1 2024 were 18,924.21 RMB, significantly lower than 206,216.57 RMB in Q1 2023, suggesting a reduction in R&D investment[18]. - The company’s cash outflows for employee compensation were approximately $24.8 million in Q1 2024, slightly down from $28.1 million in Q1 2023, indicating a minor reduction in payroll expenses[34].