Chahua(SH:603615)2024-04-29 08:05Financial Performance - The company's operating revenue for Q1 2024 was ¥141,792,333.96, representing a decrease of 15.10% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was -¥931,338.10, indicating a significant loss[5] - The decline in revenue and profit is attributed to decreased sales volume and lower capacity utilization rates[9] - In Q1 2024, the company reported a net profit of -¥931,338.10, a significant decrease compared to a net profit of ¥2,019,924.98 in Q1 2023, representing a decline of approximately 146%[20] - Operating profit for Q1 2024 was -¥774,644.57, compared to an operating profit of ¥2,951,374.07 in the same period last year, indicating a decline of around 126%[20] - The company reported a net profit margin of approximately 0.6% for Q1 2024, compared to 4.0% in Q1 2023[19] Cash Flow and Assets - The net cash flow from operating activities decreased by 56.09%, primarily due to a decline in cash received from sales and services[9] - Cash and cash equivalents as of March 31, 2024, were CNY 545,263,119.51, a decrease from CNY 574,182,490.33 as of December 31, 2023[13] - The net cash flow from operating activities for Q1 2024 was ¥12,071,534.53, a decrease of approximately 56% from ¥27,489,013.35 in Q1 2023[24] - Cash and cash equivalents at the end of Q1 2024 were ¥46,477,213.17, down from ¥64,827,555.73 at the end of Q1 2023, a decrease of approximately 28%[25] - The company reported a total cash outflow from financing activities of ¥150,591,888.00 in Q1 2024, compared to ¥8,159,721.55 in Q1 2023, indicating a significant increase in cash outflows[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,410,316,704.36, down 3.89% from the end of the previous year[6] - Total assets decreased to CNY 1,410,316,704.36 from CNY 1,467,465,622.41, indicating a reduction of 3.9%[16] - Total liabilities decreased to CNY 223,222,610.92 from CNY 279,440,190.87, a decline of 20.1%[15] - The company's equity attributable to shareholders was CNY 1,187,094,093.44, down from CNY 1,188,025,431.54[16] - Short-term borrowings decreased to CNY 115,000,000.00 from CNY 155,000,000.00, a reduction of 26.0%[15] Shareholder Information - The company had a total of 10,427 common shareholders at the end of the reporting period[11] - The largest shareholder, Chen Guanyu, held 24.94% of the shares, totaling 60,305,811 shares[11] Operational Focus and Future Plans - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[9] Other Financial Metrics - Non-recurring gains and losses amounted to ¥1,032,132.73, with government subsidies contributing ¥1,330,310.87[8] - The weighted average return on net assets was -0.08%, a decrease of 0.25 percentage points compared to the previous year[6] - The company incurred research and development expenses of ¥2,057,011.66 in Q1 2024, up from ¥1,659,875.07 in Q1 2023, marking an increase of about 24%[20] - The company achieved investment income of ¥239,059.67 in Q1 2024, compared to ¥134,847.23 in Q1 2023, representing an increase of about 77%[24] - The company’s basic and diluted earnings per share for Q1 2024 were both -¥0.0039, compared to ¥0.0084 in Q1 2023, reflecting a decline of approximately 146%[21] - The company experienced a foreign exchange impact on cash and cash equivalents of ¥64,440.35 in Q1 2024, compared to a negative impact of -¥328,093.21 in Q1 2023[25]