CFT(SH:603685)2024-04-28 08:26Financial Performance - The company's operating revenue for Q1 2024 was CNY 296,062,582.27, representing an increase of 18.49% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company decreased by 17.66% to CNY 3,209,708.10, primarily due to increased depreciation and loan interest expenses[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 65.30% to CNY 952,974.24, mainly due to increased expenses[8]. - Net profit for Q1 2024 was ¥1,924,094.72, a substantial increase from ¥503,258.16 in Q1 2023, reflecting a year-over-year growth of approximately 282%[22]. - Total comprehensive income for the period was ¥2,166.21, down from ¥716,128.88 in the previous year, indicating a decline in overall profitability[23]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 39.57% to CNY 56,481,839.62, attributed to the consolidation of the new energy business[9]. - Operating cash flow net amount increased to ¥56,481,839.62 from ¥40,469,208.06, showing a growth of about 39.5% year-over-year[24]. - Cash and cash equivalents as of March 31, 2024, amounted to ¥383,714,829.00, compared to ¥322,154,956.89 at the end of December 2023, indicating a growth of 19.1%[15]. - Cash and cash equivalents at the end of the period totaled ¥347,197,555.08, down from ¥373,816,584.03, indicating a decrease in liquidity[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,458,838,691.49, reflecting a 1.94% increase from the end of the previous year[5]. - Total assets as of March 31, 2024, were ¥3,458,838,691.49, an increase from ¥3,392,926,928.09 at the end of Q1 2023, representing a growth of 1.9%[17]. - Total liabilities increased to ¥2,254,498,503.06 in Q1 2024 from ¥2,192,611,236.69 in Q1 2023, marking a rise of 2.8%[18]. - The company's non-current assets totaled ¥2,260,121,594.69 as of March 31, 2024, compared to ¥2,245,087,979.55 in the previous year, reflecting a slight increase of 0.7%[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,880[10]. - The largest shareholder, Hong Kong Jifei Industrial Co., Ltd., holds 39,546,000 shares, accounting for 23.40% of the total shares[10]. - The company has pledged 39,523,810 shares to Zhongde Securities Co., Ltd.[11]. Expenses and Investments - Total operating costs for Q1 2024 were ¥298,102,679.78, up from ¥248,351,932.71 in Q1 2023, reflecting a year-over-year increase of 19.9%[21]. - R&D expenses increased to ¥10,377,280.05 from ¥9,503,334.96, representing a growth of approximately 9.2% year-over-year[22]. - Financial expenses surged to ¥16,516,351.65 from ¥5,923,154.49, with interest expenses rising to ¥19,350,613.41 from ¥6,723,406.45, indicating a significant increase in borrowing costs[22]. - Investment activities resulted in a net cash outflow of ¥72,362,840.90, compared to a smaller outflow of ¥1,555,729.28 in the previous year, indicating increased investment expenditures[25]. - Financing activities generated a net cash inflow of ¥75,458,847.63, up from ¥28,327,543.88, reflecting improved capital raising efforts[25]. Operational Focus - The company is focusing on enhancing its operational efficiency and exploring new market opportunities to drive future growth[21].