SHAREATE(SH:688257)2024-04-29 09:01Financial Performance - The company's operating revenue for Q1 2024 was CNY 394,420,245.84, representing a year-on-year increase of 5.98%[3] - The net profit attributable to shareholders for the same period was CNY 42,984,391.78, reflecting a growth of 12.62% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses was CNY 38,745,829.85, which is an increase of 23.10% year-on-year[3] - The basic earnings per share for Q1 2024 was CNY 0.3378, up by 14.98% from the same period last year[3] - Total operating revenue for Q1 2024 reached ¥394,420,245.84, an increase of 5.4% compared to ¥372,166,949.16 in Q1 2023[15] - Net profit for Q1 2024 was ¥49,953,650.16, representing a 5.2% increase from ¥47,610,501.06 in Q1 2023[16] - Earnings per share for Q1 2024 were ¥0.3378, compared to ¥0.2938 in Q1 2023, marking a growth of 15%[17] - The total comprehensive income for Q1 2024 was ¥37,497,136.71, down from ¥42,422,043.02 in Q1 2023, a decrease of 11.5%[17] Cash Flow - The net cash flow from operating activities was negative at CNY -8,463,985.39, indicating a significant cash outflow[3] - Cash inflow from operating activities in Q1 2024 was ¥350,794,072.14, an increase from ¥275,113,282.55 in Q1 2023, indicating a growth of 27.5%[18] - The net cash flow from operating activities was -$8.46 million, an improvement from -$93.64 million in the previous year[19] - Cash inflow from investment activities totaled $74.42 million, down from $253.84 million year-over-year[19] - The net cash flow from financing activities was -$48.17 million, compared to a positive $133.31 million in the same quarter last year[19] - The total cash and cash equivalents at the end of the period were $167.91 million, slightly up from $161.00 million year-over-year[20] Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 3,432,917,292.88, a decrease of 1.36% from the end of the previous year[4] - The company's current assets totaled RMB 2,364,703,029.28, down from RMB 2,431,158,248.48, indicating a decrease of about 2.73%[13] - The company's total liabilities decreased to RMB 1,104,535,486.63 from RMB 1,178,229,506.39, a reduction of approximately 6.3%[14] - The equity attributable to shareholders increased to RMB 2,126,758,041.69 from RMB 2,104,766,193.62, reflecting a growth of about 1.04%[14] - The company’s total non-current assets amounted to RMB 1,068,214,263.60, an increase from RMB 1,049,264,752.18, indicating a growth of approximately 1.6%[13] Research and Development - The company's R&D investment totaled CNY 15,648,185.83, which is a decrease of 7.05% compared to the same period last year[3] - The R&D investment as a percentage of operating revenue was 3.97%, down by 0.55 percentage points year-on-year[3] - Research and development expenses for Q1 2024 were ¥15,648,185.83, slightly down from ¥16,834,631.80 in Q1 2023, a decrease of 7.1%[15] Shareholder Information - The company had a total of 6,147 common shareholders at the end of the reporting period[9] Other Financial Metrics - The weighted average return on equity increased by 0.19 percentage points to 2.03%[3] - Financial expenses decreased to ¥3,495,486.45 in Q1 2024 from ¥5,174,111.61 in Q1 2023, a reduction of 32.5%[15] - Other comprehensive income after tax for Q1 2024 was -¥12,456,513.45, compared to -¥5,188,458.04 in Q1 2023, indicating a decline[16] - Investment income for Q1 2024 was ¥2,601,127.20, a significant drop from ¥5,834,279.68 in Q1 2023, reflecting a decline of 55.5%[15]