Friend (SH:605050)2024-04-29 07:49Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,392,262,801.54, representing a year-on-year increase of 12.23%[4] - The net profit attributable to shareholders decreased by 10.08% to CNY 76,706,571.71 compared to the same period last year[4] - The basic earnings per share for Q1 2024 was CNY 0.16, down 5.88% from the previous year[4] - Net profit for Q1 2024 was ¥80,899,421.11, a decrease of 4.2% from ¥84,325,728.86 in Q1 2023[18] - Total comprehensive income for Q1 2024 was ¥80,899,421.11, compared to ¥84,325,728.86 in Q1 2023, indicating a decrease of about 4.9%[19] Cash Flow - The net cash flow from operating activities was negative at CNY -414,406,561.22, indicating a significant cash outflow[4] - Cash inflow from operating activities in Q1 2024 was ¥2,589,747,735.55, an increase of approximately 26% from ¥2,023,521,289.81 in Q1 2023[22] - Cash outflow from operating activities in Q1 2024 was ¥3,004,154,296.77, up from ¥2,442,676,900.98 in Q1 2023, reflecting an increase of about 22.9%[22] - Net cash flow from operating activities for Q1 2024 was -¥414,406,561.22, slightly improved from -¥419,155,611.17 in Q1 2023[22] - Net cash flow from investing activities in Q1 2024 was -¥197,205,389.48, compared to -¥70,299,167.34 in Q1 2023, indicating a significant increase in cash outflow[23] - Net cash flow from financing activities for Q1 2024 was ¥288,748,861.07, a substantial increase from ¥40,196,711.48 in Q1 2023[23] - The ending cash and cash equivalents balance for Q1 2024 was ¥132,108,085.02, down from ¥543,325,595.23 at the end of Q1 2023[23] Assets and Liabilities - Total assets at the end of Q1 2024 reached CNY 7,559,505,529.49, an increase of 8.82% from the end of the previous year[5] - Total assets as of March 31, 2024, amounted to ¥7,559,505,529.49, compared to ¥6,946,848,279.47 at the end of 2023, indicating a growth of 8.8%[12][14] - Current assets increased to ¥6,262,928,776.76 from ¥5,782,789,997.96, representing a rise of 8.3%[12] - Total liabilities reached ¥3,128,225,515.57, compared to ¥2,596,353,870.09, showing an increase of 20.5%[14] - Short-term borrowings increased to ¥607,024,094.91 from ¥403,967,375.16, reflecting a rise of 50.3%[13] Shareholder Information - The top ten shareholders held a combined 72.31% of the company's shares, with the largest shareholder owning 25.93%[8] - Net profit attributable to shareholders of the parent company for Q1 2024 was ¥76,706,571.71, a decrease from ¥85,307,216.78 in Q1 2023, representing a decline of approximately 6.4%[19] - Basic and diluted earnings per share for Q1 2024 were both ¥0.16, down from ¥0.17 in Q1 2023[19] Research and Development - The company reported a research and development expense of ¥1,678,459.92 for Q1 2024, significantly higher than ¥548,581.00 in Q1 2023, indicating a focus on innovation[18] Business Developments - The company did not report any significant new product developments or market expansion strategies during the quarter[7] - There were no significant mergers or acquisitions announced in the first quarter of 2024[7]