Three-V(SH:603033)2024-04-29 08:36Financial Performance - Operating revenue for the period increased by 41.77%, attributed to the sales revenue from subsidiaries during trial production[7] - The company's operating revenue for the first quarter reached ¥1,175,640,679.17, representing a year-on-year increase of 41.77%[18] - Total operating revenue for Q1 2024 reached ¥1,175,640,679.17, a significant increase of 41.7% compared to ¥829,288,294.05 in Q1 2023[36] - Total operating costs for Q1 2024 were ¥1,135,230,931.66, up from ¥796,220,165.39 in Q1 2023, reflecting a 42.6% increase[36] - Net profit for Q1 2024 was ¥29,820,718.54, a decrease of 32.5% from ¥44,151,306.89 in Q1 2023[44] - The total comprehensive income attributable to the parent company for Q1 2024 was CNY 26,187,441.84, a decrease from CNY 39,796,562.11 in Q1 2023, representing a decline of approximately 34.3%[45] Assets and Liabilities - As of March 31, 2024, total current assets increased to ¥2,402,926,926.92 from ¥2,333,771,569.62 as of December 31, 2023, reflecting a growth of approximately 2.96%[5] - The company's total assets reached ¥10,895,588,491.78, compared to ¥10,544,439,671.10, marking a growth of approximately 3.32%[5] - The total non-current assets increased to ¥8,492,661,564.86 from ¥8,210,668,101.48, indicating a growth of approximately 3.43%[5] - The total liabilities increased to ¥7,268,082,289.93 in Q1 2024 from ¥6,948,889,951.75 in Q1 2023, marking a rise of 4.6%[32] - The total equity attributable to shareholders reached ¥3,511,357,107.45, up from ¥3,483,038,992.65 in the previous year, indicating a growth of 0.8%[32] Profitability and Earnings - Net profit attributable to shareholders decreased by 34.2%, primarily due to delayed delivery of rail transit products by Sichuan Sanwei Rail Transit Technology Co., Ltd.[7] - The net profit attributable to shareholders of the listed company was ¥26,187,441.84, showing a decline of 34.20% compared to the same period last year[18] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥26,325,358.96, down 32.46% year-on-year[18] - Basic earnings per share were ¥0.03, reflecting a decrease of 25% year-on-year[18] - Diluted earnings per share were also ¥0.03, with a similar decline of 25% compared to the previous year[18] Cash Flow - The net cash flow from operating activities dropped by 249.63%, resulting from increased wage payments and reduced tax refunds received[7] - The net cash flow from operating activities was negative at -¥8,536,083.25, a decrease of 249.63% compared to the previous year[18] - Cash inflow from operating activities for Q1 2024 was CNY 1,104,254,143.05, compared to CNY 674,921,699.07 in Q1 2023, reflecting an increase of approximately 63.5%[46] - Cash outflow from operating activities totaled CNY 1,112,790,226.30 in Q1 2024, up from CNY 669,217,004.77 in Q1 2023, marking an increase of about 66.1%[48] - Net cash flow from operating activities for Q1 2024 was negative CNY 8,536,083.25, compared to positive CNY 5,704,694.30 in Q1 2023[48] Investments and Expenses - Research and development expenses for Q1 2024 were ¥12,454,908.02, down 42.5% from ¥21,678,202.57 in Q1 2023[36] - The company reported a decrease in sales expenses to ¥6,620,349.62 in Q1 2024 from ¥10,494,895.84 in Q1 2023, a reduction of 36.5%[36] - Cash inflow from investing activities was CNY 95,133,567.40 in Q1 2024, down from CNY 128,531,512.44 in Q1 2023, a decrease of approximately 26%[48] - Cash outflow from investing activities for Q1 2024 was CNY 236,383,510.49, significantly lower than CNY 951,489,062.26 in Q1 2023, indicating a decrease of about 75.2%[48] Government Support - Government subsidies recognized in the current period amounted to ¥405,900.00, contributing positively to the financial results[22]