CMC(SH:600327)2024-04-29 07:37Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,007,017,588.99, representing a year-on-year increase of 10.73%[3] - The net profit attributable to shareholders was CNY 27,158,710.21, reflecting a growth of 5.48% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 27,232,280.30, which is a significant increase of 103.20% year-on-year[3] - Total operating revenue for Q1 2024 reached ¥1,007,017,588.99, a 10.8% increase from ¥909,421,991.74 in Q1 2023[15] - Net profit for Q1 2024 was ¥34,823,664.69, representing a 28.5% increase compared to ¥27,099,128.83 in Q1 2023[16] - The company’s total profit for Q1 2024 was ¥51,368,322.79, compared to ¥47,006,187.44 in Q1 2023, marking an increase of 7.5%[15] - Basic and diluted earnings per share for Q1 2024 were both ¥0.031, up from ¥0.029 in Q1 2023[16] Cash Flow and Investments - The net cash flow from operating activities decreased by 88.76%, amounting to CNY 22,715,581.99, primarily due to an increase in cash paid for goods and services[5] - The net cash flow from operating activities for Q1 2024 was ¥22,715,581.99, a decrease of 88.8% from ¥202,040,894.22 in Q1 2023[18] - The company reported a net cash outflow from investing activities of ¥53,714,465.67 in Q1 2024, an improvement from a net outflow of ¥124,328,006.74 in Q1 2023[19] - Cash and cash equivalents at the end of Q1 2024 totaled ¥477,036,759.74, down from ¥592,297,013.15 at the end of Q1 2023[19] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,713,352,483.33, a decrease of 2.18% from the end of the previous year[3] - As of March 31, 2024, the total assets of the company amounted to ¥5,713,352,483.33, a decrease from ¥5,840,942,348.91 as of December 31, 2023, representing a decline of approximately 2.18%[10] - The company's current assets totaled ¥1,000,016,751.61, down from ¥1,084,569,990.04, indicating a decrease of about 7.81%[10] - Total liabilities decreased to ¥2,244,254,495.28 from ¥2,396,247,349.03, a decline of about 6.35%[12] - The company's total equity increased to ¥3,469,097,988.05 from ¥3,444,694,999.88, reflecting a growth of approximately 0.71%[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,291[7] - The largest shareholder, Jiangsu Wuxi Commercial Building Group Co., Ltd., holds 44.71% of the shares, totaling 395,552,372 shares[7] Other Financial Metrics - The weighted average return on equity was 0.82%, an increase of 0.03 percentage points compared to the previous year[3] - The company reported a non-recurring loss of CNY 73,570.08, primarily due to asset disposal losses and tax impacts[5] - The company’s tax expenses decreased to ¥16,544,658.10 in Q1 2024 from ¥19,907,058.61 in Q1 2023, a reduction of 16.8%[15] - Other comprehensive income after tax for Q1 2024 was -¥423,750.51, a significant decline from ¥8,475,010.20 in Q1 2023[16] Inventory and Receivables - Accounts receivable increased to ¥130,579,327.16 from ¥105,412,811.50, marking an increase of about 23.87%[10] - Inventory decreased to ¥234,915,587.61 from ¥312,724,662.65, a reduction of approximately 24.92%[11] Long-term Investments - The company’s long-term investments in equity stood at ¥2,543,084,593.46, slightly up from ¥2,540,124,938.20, indicating a marginal increase[11] - The company’s total non-current assets amounted to ¥4,713,335,731.71, down from ¥4,756,372,358.87, representing a decrease of approximately 0.90%[11] Product Development and Market Strategy - The company did not report any significant new product developments or market expansion strategies during this quarter[9]