XTAD(SH:600359)2024-04-29 09:07Financial Performance - The company's operating revenue for Q1 2024 was CNY 159,549,276.64, representing a decrease of 12.34% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 51,344,684.17, an increase of 6.82% year-on-year[5] - Net profit for Q1 2024 was CNY 52,288,341.84, an increase of 7.5% from CNY 48,443,462.80 in Q1 2023[16] - The company’s total comprehensive income for Q1 2024 was CNY 51,898,588.02, compared to CNY 47,771,739.85 in Q1 2023, indicating a growth of 8.4%[16] - Earnings per share remained stable at CNY 0.13 for both Q1 2024 and Q1 2023[17] Cash Flow - The net cash flow from operating activities decreased significantly by 59.97%, amounting to CNY 11,887,555.31[5] - Cash flow from operating activities generated CNY 11,887,555.31 in Q1 2024, down 60% from CNY 29,700,212.70 in Q1 2023[18] - The net cash flow from investment activities was -21,950,684.07 CNY for Q1 2024, compared to -64,975,398.67 CNY in the previous period[19] - Cash inflow from financing activities totaled 61,133,044.43 CNY, with a net cash flow of 55,128,756.82 CNY after outflows[19] - The cash outflow for financing activities was 6,004,287.61 CNY, primarily for debt repayment and dividend distribution[19] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 1,290,454,152.97, reflecting a growth of 3.40% from the end of the previous year[6] - As of March 31, 2024, the company's total assets amounted to CNY 1,290,454,152.97, an increase from CNY 1,248,063,493.25 at the end of 2023, reflecting a growth of approximately 3.4%[12] - The company's current assets totaled CNY 822,864,130.86, up from CNY 798,723,253.38, indicating an increase of about 3%[12] - Total liabilities decreased to CNY 577,098,218.84 from CNY 586,606,147.14, reflecting a reduction of about 1.8%[13] - The company's short-term borrowings increased to CNY 248,604,916.02 from CNY 207,954,704.90, indicating a rise of approximately 19.5%[13] Operational Metrics - The weighted average return on net assets increased by 0.06 percentage points to 7.91%[6] - The company reported a significant increase in accounts receivable financing by 1,853.69%, primarily due to increased bank acceptance bills from subsidiary sales[8] - The company experienced a 150.76% increase in construction in progress, attributed to new project initiations by subsidiaries[8] - The company reported a 44.74% decrease in contract liabilities, primarily due to revenue recognition from product sales[8] - Operating costs decreased to CNY 77,664,239.79 in Q1 2024 from CNY 103,683,059.12 in Q1 2023, reflecting a reduction of 25.1%[15] Shareholder Information - The company has no significant changes in the top 10 shareholders or their shareholding structure compared to the previous period[11] Other Financial Information - Research and development expenses were CNY 2,632,122.02 in Q1 2024, slightly down from CNY 2,765,589.79 in Q1 2023[15] - The company reported a decrease in financial expenses to CNY 1,978,360.01 in Q1 2024 from CNY 5,566,396.39 in Q1 2023, a reduction of 64.5%[15] - Other income decreased to CNY 1,045,253.55 in Q1 2024 from CNY 3,017,837.09 in Q1 2023, a decline of 65.3%[15] - The total cash and cash equivalents decreased by 828,805.34 CNY in the previous period, indicating a recovery in the current quarter[19] - The company did not apply new accounting standards for the current reporting period[19] Management - The company’s management is led by Tang Jianguo, with Chen Zhengyue responsible for accounting work[19]