DLG EXPO(SH:600826)2024-04-29 09:44Financial Performance - The company's operating revenue for Q1 2024 was CNY 176,855,498.59, representing a year-on-year increase of 228.72%[5] - The net profit attributable to shareholders was a loss of CNY 5,236,807.38, with a net profit excluding non-recurring gains and losses of CNY -3,684,813.76[5] - The company reported a significant increase in operating costs by 146.40% due to the rise in exhibition business revenue[7] - Investment income increased by 186.70% due to higher dividends and financial income received during the period[7] - The company reported a significant increase in other receivables, rising to approximately RMB 57.45 million from RMB 15.98 million, indicating a growth of about 259%[16] - The company reported a net profit margin of approximately 4.7% for Q1 2024, compared to a net loss in Q1 2023[21] - The company reported a net loss of CNY 644,492.43 in Q1 2024, compared to a net loss of CNY 13,541,301.37 in Q1 2023, showing a significant improvement[22] - Operating profit for Q1 2024 was CNY -871,343.51, an improvement from CNY -7,333,346.29 in the same period last year[22] Cash Flow and Assets - The net cash flow from operating activities was CNY 61,583,798.53[5] - Cash flow from operating activities generated a net inflow of CNY 61,583,798.53, a turnaround from a net outflow of CNY -355,421,847.63 in Q1 2023[25] - The company achieved a cash flow from investing activities net inflow of CNY 322,035,961.31, compared to CNY 129,610,877.50 in the previous year, marking a substantial increase[26] - Cash and cash equivalents at the end of Q1 2024 totaled CNY 1,140,099,860.74, compared to CNY 1,378,915,648.98 at the end of Q1 2023[26] - As of March 31, 2024, the company's cash and cash equivalents amounted to approximately RMB 1.61 billion, an increase from RMB 1.42 billion as of December 31, 2023, reflecting a growth of about 13.3%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,180[10] - The largest shareholder, Shanghai Lansheng (Group) Co., Ltd., holds 41.46% of the shares, totaling 219,158,920 shares[10] - The top ten unrestricted shareholders include Shanghai Lansheng Group Co., Ltd. with 219,158,920 shares, representing a significant portion of the company's equity[12] - The company has repurchased a total of 10.67 million shares, representing approximately 2.02% of the total share capital, with a total expenditure of RMB 93.81 million as of April 16, 2024[15] - The company plans to use self-owned funds to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million, with a maximum repurchase price of RMB 12.93 per share[15] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 5,352,701,866.91, a decrease of 3.15% compared to the end of the previous year[6] - Total liabilities for Q1 2024 were ¥1,419,135,750.60, down from ¥1,556,207,162.46 in Q1 2023, showing a reduction of approximately 8.8%[19] - The company's equity attributable to shareholders was ¥3,804,414,691.51, slightly down from ¥3,872,730,812.82 in the same period last year[18] - Trading financial assets decreased to approximately RMB 520.60 million from RMB 649.50 million, indicating a decline of about 19.8%[16] - Accounts receivable decreased to approximately RMB 69.05 million from RMB 128.09 million, a reduction of about 46%[16] Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth[21] - The company has engaged in margin trading activities, with notable changes in shareholding due to these transactions[13]