GTCL(000978)2024-04-29 09:58Financial Performance - The company's operating revenue for Q1 2024 was ¥88,496,184.04, representing a 3.18% increase compared to ¥85,766,099.54 in the same period last year[7] - The net profit attributable to shareholders was -¥12,477,650.67, a slight improvement of 0.24% from -¥12,508,259.97 year-on-year[7] - The investment income for Q1 2024 was ¥1,892,953.26, a decrease of 29.84% from ¥2,697,910.40 in the same period last year[14] - Net loss for Q1 2024 was CNY 15,138,300.73, slightly improved from a net loss of CNY 15,288,061.15 in Q1 2023[29] - The overall financial health shows a need for strategic adjustments to improve profitability and manage liabilities effectively[29] Cash Flow - The net cash flow from operating activities was -¥21,253,662.84, a significant decline of 157.28% compared to -¥8,260,986.17 in Q1 2023[7] - The cash flow statement for Q1 2024 indicates ongoing challenges in cash generation, with further details pending[31] - The cash inflow from operating activities for Q1 2024 was CNY 105,128,310.47, an increase of 21.5% compared to CNY 86,486,954.77 in the same period last year[32] - The net cash outflow from operating activities was CNY -21,253,662.84, worsening from CNY -8,260,986.17 in Q1 2023[32] - Total cash outflow from operating activities was CNY 126,381,973.31, up from CNY 94,747,940.94 in Q1 2023[32] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥2,331,056,793.76, down 0.48% from ¥2,342,373,692.43 at the end of the previous year[7] - The company's total liabilities as of March 31, 2024, amounted to CNY 1,065,138,803.05, a slight increase from CNY 1,058,729,029.89 at the beginning of the year[27] - Non-current liabilities increased to CNY 752,554,395.37 from CNY 719,611,196.11 at the start of the year, reflecting a rise of 4.57%[27] - The total equity attributable to shareholders of the parent company decreased to CNY 1,291,451,760.77 from CNY 1,303,929,411.44, a decline of 0.96%[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 42,265[19] - The largest shareholder, Guilin Tourism Investment Group Co., Ltd., holds 37.20% of shares, totaling 174,150,473 shares, with 66,120,473 shares pledged[19] - The company has a court ruling requiring Guilin Lushan Lake Group Co., Ltd. to return 6,775,200 RMB to its subsidiary, which will increase net profit attributable to shareholders by approximately 6.88 million RMB if fully executed[21] Government Support - The company received government subsidies amounting to ¥235,174.10 during Q1 2024, which positively impacted its financial performance[8] Operational Metrics - The number of visitors received in Q1 2024 was 1,222,800, marking a year-on-year increase of 7.85%[12] - Total operating costs for Q1 2024 were CNY 104,818,050.88, up 3.30% from CNY 101,152,669.46 in the same period last year[29] Cash and Cash Equivalents - The company's cash and cash equivalents decreased by 18.68% to ¥49,805,863.24 due to payments made for employee bonuses and holiday expenses[12] - The ending cash and cash equivalents balance was CNY 49,805,863.24, down from CNY 128,761,944.83 at the end of Q1 2023[32] Accounts Receivable and Payable - Accounts receivable increased from 65,046,434.18 RMB to 74,238,398.98 RMB, indicating a rise of approximately 14.5%[25] - The company reported a decrease in accounts payable from CNY 71,492,333.53 to CNY 69,371,098.74, a reduction of 2.96%[27] Future Guidance - The company has not provided specific guidance for future performance or new product developments in this report[29] - The company has not disclosed any new product or technology developments in the current report[20] - The company has not undergone an audit for the Q1 2024 report[33]