Hsino Tower (SH:601096)2024-04-29 09:41Financial Performance - The company's operating revenue for the first quarter of 2024 was CNY 2,526,777,419.66, representing a year-on-year increase of 5.54%[8] - The net profit attributable to shareholders of the listed company was CNY 41,630,680.02, reflecting a year-on-year growth of 23.91%[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 35,632,038.91, with a year-on-year increase of 24.48%[8] - The total comprehensive income attributable to the parent company's owners for Q1 2024 was ¥41,630,680.02, an increase from ¥33,596,871.44 in Q1 2023, representing a growth of approximately 23.4%[36] - The net profit for Q1 2024 reached ¥41,630,680.02, compared to ¥33,596,871.44 in the same period last year, indicating a year-over-year increase of about 23.4%[36] - The total profit for Q1 2024 was ¥53,921,918.38, an increase from ¥41,545,078.83 in Q1 2023, representing a growth of approximately 29.0%[36] Earnings and Shareholder Returns - The basic earnings per share (EPS) was CNY 0.0156, down by 7.07% year-on-year[8] - The diluted earnings per share (EPS) was also CNY 0.0156, reflecting a decrease of 7.07%[8] - The basic and diluted earnings per share for Q1 2024 were both ¥0.0156, slightly down from ¥0.0167 in Q1 2023[36] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 26,166,309.55, showing a significant decrease of 78.71% compared to the previous year[8] - Cash inflows from operating activities in Q1 2024 totaled ¥1,907,510,472.28, compared to ¥1,670,295,889.34 in Q1 2023, marking an increase of approximately 14.2%[39] - The net cash flow generated from operating activities for Q1 2024 was ¥26,166,309.55, a decrease from ¥122,907,600.04 in Q1 2023[39] - The ending balance of cash and cash equivalents as of Q1 2024 was ¥1,264,228,208.48, down from ¥260,760,728.90 at the end of Q1 2023[41] - The company reported a decrease in cash and cash equivalents from ¥1,553,708,043.69 at the end of 2023 to ¥1,302,111,329.56 as of March 31, 2024, a decline of approximately 16.2%[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,205,378,998.25, an increase of 1.90% from the end of the previous year[11] - The total assets as of March 31, 2024, were ¥9,205,378,998.25, compared to ¥9,033,880,493.57 at the end of 2023, showing a growth of about 1.9%[24] - Current assets totaled ¥7,970,671,467.74 as of March 31, 2024, compared to ¥7,792,153,510.81 at the end of 2023, marking an increase of approximately 2.3%[24] - The company's total liabilities as of March 31, 2024, were ¥4,931,263,932.95, up from ¥4,805,099,489.10 at the end of 2023, indicating an increase of about 2.6%[25] - The equity attributable to shareholders of the listed company was CNY 4,274,115,065.30, up by 1.07% from the end of the previous year[11] Research and Development - Research and development expenses in Q1 2024 amounted to ¥25,148,827.22, significantly higher than ¥10,741,489.64 in Q1 2023, reflecting an increase of approximately 134.5%[30] - The company is focusing on market expansion and new product development, as indicated by the significant increase in R&D expenses[30] Non-Recurring Gains - The company recognized non-recurring gains totaling CNY 5,998,641.11 during the reporting period[12]