ST万林(603117) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥68,622,842.35, representing a decrease of 44.54% compared to the same period last year[5] - Total operating revenue for Q1 2024 was ¥68,622,842.35, a decrease of 44.6% compared to ¥123,733,091.24 in Q1 2023[19] - Total operating costs for Q1 2024 were ¥65,244,413.73, down 49.8% from ¥130,033,411.42 in Q1 2023[19] - Net profit for Q1 2024 was ¥4,251,726.77, compared to a net loss of ¥6,101,127.06 in Q1 2023, marking a significant turnaround[20] - Operating profit for Q1 2024 was ¥5,932,751.40, compared to an operating loss of ¥1,682,206.45 in Q1 2023[20] - Total comprehensive income for Q1 2024 was ¥4,164,771.93, compared to a loss of ¥6,310,698.33 in Q1 2023[20] - The net loss for the first quarter of 2024 was CNY 460,738,003.67, compared to a loss of CNY 464,971,995.21 in the previous period[16] Cash Flow and Management - The net cash flow from operating activities was ¥12,888,978.32, indicating a significant change in cash management[5] - Cash flow from operating activities for Q1 2024 was ¥12,888,978.32, a recovery from a negative cash flow of ¥28,588,161.89 in Q1 2023[23] - Cash inflow from financing activities in Q1 2024 was ¥22,900,000.00, down from ¥60,697,872.81 in Q1 2023[23] - Cash outflow from financing activities for Q1 2024 was ¥47,595,421.12, compared to ¥41,150,853.35 in Q1 2023[23] - The net increase in cash and cash equivalents for Q1 2024 was -$10,016,812.18, compared to -$6,279,848.11 in the same period last year[24] - The beginning cash and cash equivalents balance was $26,344,207.53, down from $35,389,049.64 year-over-year[24] - The ending cash and cash equivalents balance for Q1 2024 was $16,327,395.35, a decrease from $29,109,201.53 in the previous year[24] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,533,913,682.34, down 2.42% from the end of the previous year[6] - As of March 31, 2024, the total assets of Jiangsu Wanlin Modern Logistics Co., Ltd. amounted to CNY 1,533,913,682.34, a decrease from CNY 1,571,998,715.14 as of December 31, 2023[14] - The company's current assets totaled CNY 266,974,452.79, down from CNY 294,137,227.02 at the end of 2023, reflecting a decline of approximately 9.2%[14] - Total liabilities decreased to CNY 374,713,102.68 from CNY 416,962,907.41, a reduction of about 10.1%[16] - The company's total equity as of March 31, 2024, was CNY 1,159,200,579.66, slightly up from CNY 1,155,035,807.73[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,023[10] - The largest shareholder, Qiongqing City Surui Investment Co., Ltd., held 14.74% of the shares, with 60,000,000 shares pledged[10] Accounts Receivable and Financial Expenses - The company reported a 98.32% increase in accounts receivable, attributed to slower cash collection at the beginning of the year[8] - Accounts receivable increased significantly to CNY 29,667,931.83 from CNY 14,959,903.06, marking an increase of approximately 98.5%[14] - The company experienced a 70.87% decrease in contract liabilities due to revenue recognition[8] - The company's financial expenses decreased by 33.65%, reflecting reduced borrowing costs[8] Investment and Long-term Assets - The company has ongoing investments in long-term equity, which increased to CNY 18,332,286.00 from CNY 16,776,485.75[15] - The company is focused on improving its financial position and reducing liabilities while managing its asset base effectively[12] Return on Equity - The weighted average return on equity increased by 0.38 percentage points to 0.37%[5]