GGITG(SH:601086)2024-04-29 09:09Financial Performance - The company's operating revenue for Q1 2024 was CNY 246,124,862.01, representing a decrease of 14.62% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was CNY 17,041,044.83, down 76.73% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 35,438,985.31, a decrease of 34.52% compared to the previous year[4]. - The net profit for Q1 2024 was CNY 17,041,044.83, a decrease of 76.7% compared to CNY 73,218,627.21 in Q1 2023[17]. - Operating profit for Q1 2024 was CNY 23,343,397.99, down from CNY 96,275,426.29 in the same period last year, reflecting a decline of 75.8%[17]. - The company reported a total comprehensive income of CNY 12,011,404.66 for Q1 2024, compared to CNY 77,053,105.36 in Q1 2023, indicating a decrease of 84.4%[18]. - Basic and diluted earnings per share were both CNY 0.03, reflecting a decline of 72.73% compared to the same period last year[4]. - Basic and diluted earnings per share for Q1 2024 were both CNY 0.03, down from CNY 0.11 in Q1 2023[18]. Cash Flow - The net cash flow from operating activities was CNY 90,836,476.27, down 64.71% year-on-year[4]. - Cash flow from operating activities for Q1 2024 was CNY 90,836,476.27, a significant decrease of 64.7% compared to CNY 257,407,922.74 in Q1 2023[21]. - The net cash flow from investing activities for Q1 2024 was CNY 5,089,559.34, a decrease from CNY 40,580,417.13 in Q1 2023[22]. - The company reported a net cash outflow from financing activities of CNY -22,097,180.15 in Q1 2024, compared to a net inflow of CNY 97,363,583.32 in Q1 2023[22]. - The cash flow from financing activities resulted in a net outflow of $18,121,665.15 in Q1 2024, contrasting with a net inflow of $99,024,912.09 in Q1 2023[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,757,455,069.60, an increase of 0.47% from the end of the previous year[4]. - Total assets as of March 31, 2024, amounted to CNY 2,757,455,069.60, compared to CNY 2,744,581,845.49 at the end of 2023[13]. - Total liabilities as of March 31, 2024, were CNY 1,115,313,194.18, an increase from CNY 1,100,110,114.76 at the end of 2023[13]. - The company's equity attributable to shareholders was CNY 1,642,141,875.42 as of March 31, 2024, slightly down from CNY 1,644,471,730.73 at the end of 2023[14]. - The total liabilities increased to CNY 941,085,814.72 in Q1 2024 from CNY 876,137,796.75 in Q1 2023[26]. - The company's total equity decreased to CNY 1,476,100,970.59 in Q1 2024 from CNY 1,503,378,027.99 in Q1 2023[26]. Inventory and Costs - Total operating costs for Q1 2024 were CNY 201,055,868.17, down 7.4% from CNY 217,164,082.72 in Q1 2023[16]. - Operating costs included CNY 129,274,683.55 in cost of goods sold, a decrease of 11.7% from CNY 146,327,677.57 in the previous year[16]. - Inventory as of March 31, 2024, was CNY 116,182,298.41, up from CNY 113,552,523.09 at the end of 2023[12]. Shareholder Actions - The company repurchased 3,843,500 shares, representing 0.58% of the total share capital[9]. - The company reported a decrease in accounts payable to CNY 228,866,690.35 from CNY 264,644,212.75 in the previous period[13]. Non-Recurring Items - Non-recurring gains and losses totaled CNY -18,397,940.48 for the period[5]. - The company incurred financial expenses of CNY -1,817,603.04 in Q1 2024, compared to CNY 1,183,120.06 in Q1 2023[17]. - The financial expenses for Q1 2024 included a significant interest expense of CNY 760,416.67, compared to a much lower figure in the previous year[28]. - The company reported a fair value loss of CNY -24,573,851.28 in Q1 2024, contrasting with a gain of CNY 22,792,000.00 in Q1 2023, indicating volatility in asset valuations[28].