CATEC(SH:600879)2024-04-28 08:51Financial Performance - The company's operating revenue for Q1 2024 was ¥3,813,786,521.08, representing a decrease of 14.50% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥143,003,007.95, down 21.43% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was ¥121,637,268.22, reflecting a decline of 29.57% compared to the previous year[4]. - Basic and diluted earnings per share were both ¥0.043, a decrease of 35.31% year-on-year due to an increase in share capital from a previous issuance[4][9]. - Total revenue for Q1 2024 was CNY 3,813,786,521.08, a decrease of 14.5% compared to CNY 4,460,822,259.01 in Q1 2023[18]. - Net profit for Q1 2024 was CNY 153,584,144.63, a decline of 15.5% from CNY 181,673,739.58 in Q1 2023[20]. - Earnings per share for Q1 2024 were CNY 0.043, compared to CNY 0.067 in Q1 2023[21]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥1,255,439,572.94, an increase of 13.36% in outflow compared to the same period last year[4]. - The company's cash and cash equivalents decreased to ¥3,603,797,172.17 from ¥4,735,405,577.93, representing a decline of about 23.96%[14]. - In Q1 2024, the company's operating cash inflow totaled CNY 2,245,129,416.87, a decrease of 12.4% from CNY 2,562,364,700.00 in Q1 2023[23]. - The net cash flow from operating activities was -CNY 1,255,439,572.94, improving from -CNY 1,449,000,182.66 in the same period last year[23]. - The company reported a cash and cash equivalents balance of CNY 3,477,628,532.25 at the end of Q1 2024, down from CNY 3,866,515,700.22 at the end of Q1 2023[24]. - The company experienced a net decrease in cash and cash equivalents of CNY 1,020,028,308.91 in Q1 2024, compared to a decrease of CNY 989,166,798.94 in Q1 2023[24]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥47,035,111,357.71, an increase of 1.29% from the end of the previous year[5]. - Total liabilities rose to CNY 23,250,215,110.93 in Q1 2024, up from CNY 22,791,488,119.52 in Q1 2023[17]. - As of March 31, 2024, the company's total current assets amounted to ¥39,528,272,110.73, an increase from ¥39,010,999,727.91 as of December 31, 2023, reflecting a growth of approximately 1.32%[14]. - Non-current assets totaled ¥7,506,839,246.98 as of March 31, 2024, compared to ¥7,425,381,029.77 at the end of 2023, reflecting an increase of approximately 1.49%[15]. Shareholder Equity - Shareholders' equity attributable to the parent company was ¥20,385,428,340.77, up 0.62% from the previous year-end[5]. - The total equity attributable to shareholders increased to CNY 20,385,428,340.77 in Q1 2024 from CNY 20,260,350,179.12 in Q1 2023[17]. Operational Challenges - The decline in net profit was attributed to rising prices of key raw materials like copper and aluminum, as well as increased competition in the cable industry[9]. - The company reported a decrease in long-term equity investments to ¥202,663,589.30 from ¥211,442,911.33, a decline of about 4.00%[15]. Future Outlook - There are no significant new strategies or product developments mentioned in the report for the upcoming quarters[13]. - The company has not disclosed any plans for market expansion or mergers and acquisitions in the current report[13]. - The company plans to focus on market expansion and new product development in the upcoming quarters[20]. - The report indicates that there are no significant risks or reminders for investors regarding the company's operational status during the reporting period[13].