QJCT(SH:600706)2024-04-28 10:35Financial Performance - The company's operating revenue for Q1 2024 was CNY 401,028,718.85, representing a year-on-year increase of 22.74%[3] - The net profit attributable to shareholders decreased by 76.82% to CNY 2,115,126.23 compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 85.02% to CNY 1,002,639.11[3] - The basic and diluted earnings per share were both CNY 0.01, down 75.00% year-on-year[3] - The net cash flow from operating activities was CNY 27,069,050.89, a decrease of 22.05% compared to the previous year[3] - Total operating revenue for Q1 2024 reached ¥401,028,718.85, a 22.6% increase from ¥326,739,250.51 in Q1 2023[22] - Net profit for Q1 2024 was ¥1,940,483.35, a decrease of 78.1% compared to ¥8,877,669.78 in Q1 2023[23] - Operating profit for Q1 2024 was ¥5,542,219.30, down from ¥12,012,908.70 in Q1 2023[23] - Total comprehensive income attributable to the parent company for Q1 2024 was CNY 2,115,126.23, a decrease of 76.8% from CNY 9,123,481.61 in Q1 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,763,901,318.15, an increase of 3.41% from the end of the previous year[3] - The company's total assets increased to ¥3,763,901,318.15 in Q1 2024, up from ¥3,639,736,542.92 in Q1 2023[19] - Total liabilities rose to ¥2,942,329,418.72 in Q1 2024, compared to ¥2,820,105,126.84 in Q1 2023[19] - The company's equity increased slightly to ¥821,571,899.43 in Q1 2024 from ¥819,631,416.08 in Q1 2023[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,213[10] - The largest shareholder, Xi'an Qujiang Tourism Investment (Group) Co., Ltd., held 44.90% of the shares, with 57,250,000 shares pledged[10] Cash Flow and Investments - The company's cash and cash equivalents at the end of Q1 2024 stood at CNY 134,081,112.92, compared to CNY 109,088,615.81 at the end of Q1 2023, reflecting an increase of 22.9%[25] - The company’s cash outflow from investing activities in Q1 2024 was CNY 11,157,489.13, a decrease of 56.5% compared to CNY 25,622,182.30 in Q1 2023[25] - Cash outflow from financing activities in Q1 2024 was CNY 26,069,934.57, a decrease of 57.5% from CNY 48,067,802.63 in Q1 2023[25] - The company experienced a net decrease in cash and cash equivalents of CNY 10,158,372.81 in Q1 2024, compared to a decrease of CNY 38,963,958.74 in Q1 2023[25] Operational Highlights - The company successfully hosted the "Second Five Avenues Begonia Flower Festival" in Tianjin, attracting a total of 2.76 million visitors, with media coverage exceeding 300 reports and a topic heat of over 190 million[13] - The "Dazhong Year, Different New Spring Series Activities" in Datong saw a cumulative visitor count of 510,500, with significant media exposure exceeding 10 million[13] - The company is focusing on high-quality project construction and management capabilities to drive sustainable growth[13] - The company is actively expanding its market presence and enhancing its operational management capabilities[12] - The company continues to explore market expansion opportunities and new strategies to enhance profitability[22] Legal and Regulatory Matters - As of April 2024, the company is involved in a civil lawsuit regarding property damage claims, with expectations that the claims may not be supported based on current evidence[14] - The company has not faced any administrative penalties or investigations related to cultural heritage protection laws[14] Other Financial Metrics - The weighted average return on equity was 0.28%, a decrease of 0.66 percentage points compared to the previous year[3] - The company reported a decrease in sales expenses to ¥18,845,639.76 in Q1 2024 from ¥14,219,227.57 in Q1 2023[23] - Research and development expenses were not specified in the report, indicating a potential area for future focus[23]