QJSL(SH:600283)2024-04-29 09:02Financial Performance - The company's operating revenue for Q1 2024 was CNY 455,788,865.61, representing a year-on-year increase of 13.15%[5] - The net profit attributable to shareholders decreased by 49.33% to CNY 30,348,535.78 compared to the same period last year[5] - The company's basic earnings per share decreased by 47.06% to CNY 0.09[9] - Net profit for Q1 2024 was ¥46,696,240.19, a decrease of 36.00% from ¥73,038,041.37 in Q1 2023[19] - The company's net profit for Q1 2024 was impacted by an investment loss of CNY 2,295,017.77, contrasting with a profit of CNY 93,621,701.08 in the previous year[29] - In Q1 2024, the company reported a net loss of CNY 6,410,647.18, compared to a net profit of CNY 100,149,355.46 in Q1 2023, indicating a significant decline in profitability[30] - The company reported a total comprehensive loss of CNY 6,410,647.18 in Q1 2024, compared to a comprehensive income of CNY 100,149,355.46 in Q1 2023[30] Cash Flow and Liquidity - The net cash flow from operating activities fell by 62.82% to CNY 22,442,267.24, primarily due to increased cash costs and taxes[9] - Cash flow from operating activities in Q1 2024 was ¥479,170,303.80, compared to ¥441,199,978.61 in Q1 2023, reflecting a growth of 8.61%[22] - The net cash flow from operating activities was CNY 22,442,267.24, down 62.9% from CNY 60,353,035.75 in the previous year[24] - Operating cash flow for Q1 2024 was negative at CNY -13,504,289.64, a decrease from a positive cash flow of CNY 9,833,362.91 in Q1 2023[33] - Total cash outflow from operating activities in Q1 2024 was CNY 75,181,557.02, up from CNY 69,886,434.99 in Q1 2023, reflecting higher operational costs[33] - The company raised CNY 593,000,000.00 through borrowings in Q1 2024, compared to CNY 200,000,000.00 in Q1 2023, indicating a strategy to enhance liquidity[33] Assets and Liabilities - Total assets increased by 7.24% to CNY 8,208,542,395.47 compared to the end of the previous year[6] - Total current assets as of March 31, 2024, amount to RMB 2,088,608,175.43, an increase from RMB 1,600,383,499.46 at the end of 2023[14] - Total assets as of March 31, 2024, are RMB 8,208,542,395.47, up from RMB 7,654,619,297.98[15] - The total liabilities as of Q1 2024 amounted to ¥5,130,132,912.86, an increase of 11.00% from ¥4,622,906,055.56 in the previous year[19] - The company's total liabilities increased to CNY 1,347,912,800.45 from CNY 1,160,647,875.45 in the previous quarter[27] Shareholder Information - Total number of common shareholders at the end of the reporting period is 32,966[11] - The largest shareholder, China Water Investment Co., Ltd., holds 118,436,629 shares, accounting for 33.55% of total shares[12] Research and Development - Research and development expenses surged by 297.80%, indicating a significant increase in investment in R&D projects[8] - Research and development expenses for Q1 2024 were ¥5,416,058.75, significantly higher than ¥1,361,502.39 in Q1 2023, indicating an increase of 297.56%[19] - The research and development expenses for Q1 2024 were CNY 156,248.09, indicating ongoing investment in innovation[29] Other Income and Expenses - The company received government subsidies that contributed to a 41.26% increase in other income[8] - The financial expenses for Q1 2024 were CNY 7,710,669.39, compared to CNY 5,726,983.62 in Q1 2023, reflecting increased interest costs[29] - The company incurred credit impairment losses of CNY 1,462,582.76 in Q1 2024, compared to CNY 668,245.46 in the same period last year, reflecting increased credit risk[30] Investment Activities - The company reported an investment loss of ¥5,849,000.43 in Q1 2024, compared to a gain of ¥11,418,289.29 in Q1 2023[19] - Investment activities resulted in a net cash outflow of CNY -18,919,656.30 in Q1 2024, slightly worse than the outflow of CNY -17,333,605.29 in Q1 2023[33]