Tederic(SH:603289)2024-04-29 09:42Financial Performance - The company's operating revenue for Q1 2024 was ¥256,089,259.34, representing a decrease of 11.61% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥24,955,119.79, down 26.35% year-on-year, primarily due to a decline in operating revenue and increased costs[6]. - The basic earnings per share decreased by 33.33% to ¥0.08, reflecting the drop in net profit[6]. - Operating profit for Q1 2024 was ¥28,428,651.53, a decline of 26.8% compared to ¥38,900,689.82 in Q1 2023[21]. - The total comprehensive income for Q1 2024 was ¥24,165,406.41, down from ¥33,898,811.47 in Q1 2023[22]. Cash Flow - The net cash flow from operating activities was ¥21,998,311.28, a significant decline of 54.30% compared to the previous year, mainly due to increased cash payments for goods[6]. - Cash flow from operating activities generated a net amount of ¥21,998,311.28 in Q1 2024, significantly lower than ¥48,136,001.67 in Q1 2023[25]. - Cash flow from investing activities resulted in a net outflow of ¥74,045,106.36 in Q1 2024, compared to a net outflow of ¥62,499,416.17 in Q1 2023[26]. - Cash flow from financing activities yielded a net inflow of ¥84,824,972.80 in Q1 2024, up from ¥11,241,750.00 in Q1 2023[26]. - The ending cash and cash equivalents balance increased to ¥215,618,552.09 in Q1 2024 from ¥83,904,972.73 in Q1 2023[26]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥2,389,079,347.62, an increase of 2.13% from the end of the previous year[7]. - Current assets totaled RMB 1,282,256,766.08, up from RMB 1,244,334,730.63, indicating an increase of about 3.05%[15]. - Total liabilities reached RMB 969,596,611.00, compared to RMB 943,946,391.38, showing an increase of about 2.93%[17]. - The company's equity attributable to shareholders increased to RMB 1,419,482,736.62 from RMB 1,395,317,330.17, reflecting a growth of approximately 1.73%[17]. - Short-term borrowings rose to RMB 360,000,000.00 from RMB 275,000,000.00, indicating an increase of about 30.91%[16]. Shareholder Information - The company had 15,319 common shareholders at the end of the reporting period[12]. - The largest shareholder, Hangzhou Taide Ruike Investment Management Co., Ltd., held 39.60% of the shares, amounting to 117,054,418 shares, with 47,860,000 shares pledged[12]. - The company reported a total of 11.70% equity held by major shareholder Zheng Jianguo, who is also the actual controller of the company[14]. - The company has not reported any significant changes in the participation of major shareholders in margin financing or securities lending activities[14]. Revenue and Cost Analysis - The company attributed the revenue decline to macroeconomic fluctuations and internal strategic adjustments[10]. - Total operating costs decreased to ¥225,627,881.95 in Q1 2024 from ¥251,596,803.35 in Q1 2023, reflecting a reduction of 10.3%[21]. - Total operating revenue for Q1 2024 was ¥256,089,259.34, a decrease of 11.6% compared to ¥289,711,453.07 in Q1 2023[21]. - Net profit for Q1 2024 was ¥24,955,119.79, down 26.1% from ¥33,761,892.01 in Q1 2023[22].