ZJHTC(SH:600895)2024-04-29 08:05Financial Performance - The company's operating revenue for Q1 2024 was CNY 980,182,506.88, representing a significant increase of 295.48% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 119,033,432.68, a decrease of 39.86% year-on-year[4]. - The basic earnings per share were CNY 0.08, a decrease of 38.46% year-on-year[4]. - Net profit for Q1 2024 was CNY 119,458,725.81, down from CNY 199,746,090.93 in Q1 2023, reflecting a decrease of approximately 40%[21]. - The company's total equity attributable to shareholders reached CNY 12,565,237,233.91, compared to CNY 12,442,363,469.88 in the same period last year, showing a slight increase of about 1%[18]. - The company's operating profit for Q1 2024 was reported at -¥69,086,811.38, compared to -¥55,703,843.56 in Q1 2023, indicating worsening operational performance[30]. Cash Flow - The net cash flow from operating activities was negative at CNY -1,816,570,317.91, reflecting a decline of 118.81% compared to the previous year[4]. - In Q1 2024, the company reported a net cash flow from operating activities of -1,816,570,317.91 RMB, compared to -830,212,032.51 RMB in Q1 2023, indicating a significant decline in operational cash flow[24]. - The company reported a significant increase in cash outflows for operating activities, totaling 2,137,129,103.24 RMB in Q1 2024, compared to 1,223,473,541.04 RMB in Q1 2023[24]. - The cash flow from operating activities was negatively impacted by a substantial increase in cash payments for goods and services, which rose to 1,939,192,439.95 RMB from 897,496,193.76 RMB year-over-year[24]. - The net cash outflow from operating activities was $61,507,470.64, improving from a net outflow of $77,041,957.20 in the same period last year[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 52,213,004,689.64, an increase of 2.37% from the end of the previous year[5]. - The total assets as of Q1 2024 were CNY 52,213,004,689.64, up from CNY 51,004,632,298.02 in the previous year, indicating a growth of approximately 2.4%[18]. - The total liabilities increased to approximately ¥29.70 billion from ¥28.00 billion, indicating a rise of about 6.07%[17]. - The company's total liabilities as of Q1 2024 amounted to CNY 36,074,973,695.81, an increase from CNY 34,989,900,361.35 in the previous year[18]. - The total liabilities decreased to ¥19,587,832,877.02 from ¥20,005,448,273.30, showing a decline of approximately 2.1%[28]. Investments and Expenses - The company reported a significant investment loss of CNY -100,769,686.71 in Q1 2024, contrasting with a profit of CNY 133,062,722.19 in Q1 2023[20]. - The financial expenses for Q1 2024 totaled CNY 120,068,419.32, an increase from CNY 107,370,239.65 in Q1 2023, representing a rise of about 12%[20]. - The company's interest expenses increased, with interest costs reported at ¥127,226,943.39 compared to ¥114,316,464.56 in the previous year, reflecting a rise of approximately 11.5%[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 169,205, with the largest shareholder holding 50.75% of the shares[10]. - The company's total equity as of March 31, 2024, was approximately ¥22.54 billion, up from ¥22.00 billion, indicating an increase of about 2.45%[17]. Operational Metrics - The company experienced a 44.34% increase in accounts receivable, primarily due to an increase in rental and utility fees[8]. - The company reported a significant increase in operating costs by 324.17%, correlating with the rise in sales of industrial space[9]. - The company's long-term equity investments decreased to approximately ¥2.70 billion from ¥2.81 billion, a decline of about 3.93%[17]. - The company's cash and cash equivalents decreased to approximately ¥2.73 billion from ¥2.88 billion, representing a decline of about 5.19%[16].