712 Corp.(SH:603712)2024-04-29 09:24Financial Performance - The company's operating revenue for Q1 2024 was RMB 489,820,385.61, representing a year-on-year increase of 3.68%[4] - Net profit attributable to shareholders decreased by 36.43% to RMB 15,877,411.35 compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 60.21% to RMB 8,264,207.62[4] - Basic and diluted earnings per share were both RMB 0.021, down 34.38% year-on-year[4] - Total operating revenue for Q1 2024 was RMB 489,820,385.61, an increase of 3.0% compared to RMB 472,426,069.83 in Q1 2023[18] - Net profit for Q1 2024 was RMB 22,655,270.67, a decrease of 20.6% from RMB 28,513,909.94 in Q1 2023[19] - Earnings per share for Q1 2024 were RMB 0.021, down from RMB 0.032 in Q1 2023[19] Assets and Liabilities - Total assets at the end of the reporting period were RMB 9,506,547,282.17, a decrease of 2.67% from the end of the previous year[4] - The company's current assets totaled RMB 8,308,369,938.61, down from RMB 8,602,881,178.96, indicating a decrease of about 3.42%[15] - The company's total liabilities were reported at RMB 8,308,369,938.61, indicating a decrease from the previous period[15] - Total liabilities as of Q1 2024 were RMB 4,722,087,778.18, down from RMB 5,007,620,390.73 in Q1 2023[17] - The total assets as of Q1 2024 were RMB 9,506,547,282.17, down from RMB 9,767,697,825.25 in Q1 2023[17] Cash Flow - Cash flow from operating activities was RMB 42,670,263.67, reflecting an increase in sales collections compared to the same period last year[6] - In Q1 2024, the cash inflow from operating activities was $645,812,738.79, a significant increase from $404,544,756.29 in Q1 2023, representing a growth of approximately 59.5%[20] - The net cash flow from operating activities was $42,670,263.67, a turnaround from a negative cash flow of $402,351,939.65 in the same quarter last year[20] - Cash outflow for purchasing goods and services decreased to $304,426,615.99 from $447,093,606.77, a reduction of about 31.9%[20] - The net cash flow from investing activities was -$542,855,410.10, compared to a positive cash flow of $122,911,412.06 in Q1 2023, indicating a significant decline[21] - The net cash flow from financing activities was $48,061,866.75, a recovery from a negative cash flow of $9,885,538.53 in Q1 2023[21] Shareholder Equity - The equity attributable to shareholders increased slightly by 0.37% to RMB 4,685,760,019.80 compared to the end of the previous year[4] - Total equity attributable to shareholders of the parent company was RMB 4,685,760,019.80, slightly up from RMB 4,668,339,480.80 in Q1 2023[17] Expenses - Total operating costs for Q1 2024 were RMB 486,213,033.90, up 6.9% from RMB 454,712,377.98 in Q1 2023[18] - Research and development expenses for Q1 2024 were RMB 107,861,265.48, a decrease of 14.8% compared to RMB 126,531,442.37 in Q1 2023[18] - The company reported a decrease in sales expenses to RMB 16,221,040.65 from RMB 15,844,086.76 in Q1 2023, reflecting a 2.4% increase[18] - The company’s financial expenses increased to RMB 4,109,815.60 in Q1 2024 from RMB 1,983,176.51 in Q1 2023[18] Non-Recurring Gains and Future Outlook - The company reported non-recurring gains of RMB 7,613,203.73, with significant contributions from government subsidies and debt restructuring gains[5] - The company plans to focus on product structure optimization and cost management to improve profitability in the upcoming quarters[6] - The company has not reported any new products or technologies in this quarter[13] - There are no significant changes in the major shareholders or their participation in financing activities during this period[11] - The company has not provided any specific guidance or outlook for future performance in this report[13]