长江投资(600119) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 268,327,142.75, representing a year-on-year increase of 39.23%[5]. - Total operating revenue for Q1 2024 was CNY 268,327,142.75, an increase of 39.3% compared to CNY 192,723,360.92 in Q1 2023[19]. - The net profit attributable to shareholders was a loss of CNY 3,478,268.31, with a basic earnings per share of -0.010 yuan[5][6]. - Net loss for Q1 2024 was CNY 5,357,815.99, compared to a net loss of CNY 3,420,635.54 in Q1 2023, indicating a worsening of 56.6%[20]. - The total equity attributable to shareholders was CNY 202,761,257.83 in Q1 2024, down from CNY 206,239,526.14 in Q1 2023, a decrease of 1.8%[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 792,128,847.97, an increase of 6.14% compared to the end of the previous year[6]. - Total assets as of March 31, 2024, are 792,128,847.97 RMB, compared to 746,286,467.73 RMB at the end of 2023, indicating a growth of about 6.1%[15]. - The company reported a total liability of CNY 434,185,438.49 as of Q1 2024, compared to CNY 382,985,242.26 in the previous year, an increase of 13.4%[19]. - Total current liabilities as of March 31, 2024, are 418,163,079.89 RMB, up from 359,807,071.23 RMB at the end of 2023, reflecting an increase of approximately 16.1%[15]. Cash Flow - The company's cash flow from operating activities was a negative CNY 28,945,220.61, indicating cash outflow[5]. - Operating cash flow for Q1 2024 was negative CNY 28,945,220.61, compared to negative CNY 8,227,212.57 in Q1 2023, representing a decline of 252.0%[22]. - Total cash and cash equivalents at the end of Q1 2024 decreased to $122,274,079.79 from $227,164,996.51 in Q1 2023, representing a decline of about 46.3%[24]. - The company reported a net increase in cash and cash equivalents of -$12,205,777.60 for Q1 2024, contrasting with a net increase of $7,360,372.44 in Q1 2023[24]. Research and Development - Research and development expenses increased by 200.37%, primarily due to new R&D projects initiated by subsidiaries[8]. - Research and development expenses increased to CNY 2,487,024.28 in Q1 2024 from CNY 827,998.39 in Q1 2023, a rise of 200.0%[19]. Investment Income - The company's investment income surged by 1,086.61%, mainly from dividends and increased financial management income from associated companies[8]. - The company recorded an investment income of CNY 3,623,789.06 in Q1 2024, significantly higher than CNY 305,389.85 in Q1 2023[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 29,879[11]. - The largest shareholder, Changjiang Economic United Development (Group) Co., Ltd., holds 167,418,761 shares, accounting for 45.83% of total shares[11]. - The company has no significant changes in the shareholding structure of the top 10 shareholders compared to the previous period[12]. Financial Expenses - The company reported a decrease in financial expenses by 78.95%, mainly due to increased exchange gains from subsidiaries[8]. - The company’s financial expenses decreased to CNY 589,819.80 in Q1 2024 from CNY 2,802,645.96 in Q1 2023, a reduction of 78.9%[19]. Inventory and Receivables - The company reported a total inventory of 30,029,850.85 RMB, a slight decrease from 30,981,928.33 RMB[14]. - Accounts receivable increased to 334,844,187.20 RMB from 237,850,958.72 RMB, marking a significant rise of about 40.7%[14]. - The company's accounts receivable increased by 40.78%, attributed to higher sales from subsidiaries[8].