GZWRC(SH:600992)2024-04-29 07:56Financial Performance - The company's operating revenue for Q1 2024 was CNY 472,600,188.73, representing a year-on-year increase of 10.31%[6] - The net profit attributable to shareholders for the same period was CNY 7,139,494.21, showing a decrease of 9.91% compared to the previous year[6] - The basic earnings per share for Q1 2024 was CNY 0.0291, which is a decline of 9.91% year-on-year[6] - Operating profit for Q1 2024 was CNY 7,139,494.21, a decrease of 9.9% from CNY 7,924,798.96 in Q1 2023[17] - Net profit for Q1 2024 was CNY 7,139,494.21, down 10% from CNY 7,924,798.96 in Q1 2023[17] - The total comprehensive income for Q1 2024 was CNY 7,394,049.60, compared to CNY 6,187,481.18 in Q1 2023, indicating an increase of 19.5%[18] Assets and Liabilities - The total assets at the end of Q1 2024 amounted to CNY 3,495,299,167.62, reflecting a growth of 4.36% from the end of the previous year[7] - The company's total assets increased to CNY 3,495,299,167.62 in Q1 2024, up from CNY 3,349,112,521.22 in Q1 2023, reflecting a growth of 4.4%[14] - Total liabilities rose to CNY 1,986,800,849.71 in Q1 2024, compared to CNY 1,848,008,252.91 in Q1 2023, marking an increase of 7.5%[14] Cash Flow - The net cash flow from operating activities was negative at CNY -35,221,024.31, indicating a significant decline[6] - Cash flow from operating activities showed a net outflow of CNY 35,221,024.31 in Q1 2024, contrasting with a net inflow of CNY 264,306.99 in Q1 2023[20] - The company’s cash inflow from operating activities decreased to CNY 295,269,321.30 in Q1 2024 from CNY 390,036,330.37 in Q1 2023[20] - The net cash flow from financing activities was $107.32 million, significantly up from $11.55 million in Q1 2023, indicating a strong improvement in financing operations[21] - The total cash outflow from financing activities was $103.03 million, compared to $97.61 million in Q1 2023, representing a 5.0% increase[21] - The net decrease in cash and cash equivalents for the quarter was $8.42 million, an improvement from a decrease of $290.62 million in Q1 2023[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,964[9] - The largest shareholder, Guizhou Steel Rope (Group) Co., Ltd., holds 23.46% of the shares[10] Research and Development - Research and development expenses for Q1 2024 were CNY 8,805,254.62, slightly up from CNY 8,732,114.43 in Q1 2023[17] Government Subsidies - The company received government subsidies amounting to CNY 1,065,218.46 during the reporting period[9] Accounting Standards - The company did not apply new accounting standards or interpretations for the year 2024[21]