Inform(SH:603066)2024-04-29 09:49Financial Performance - The company's operating revenue for Q1 2024 was CNY 217,152,096.37, representing a year-on-year increase of 2.21%[5]. - The net profit attributable to shareholders decreased by 37.94% to CNY 29,502,404.62, primarily due to a decline in non-recurring gains[5][8]. - The net profit attributable to shareholders after deducting non-recurring gains increased by 49.82% to CNY 27,923,464.55, driven by the acceptance of major projects with high gross margins[5][8]. - The basic and diluted earnings per share both decreased by 37.93% to CNY 0.1003[5][8]. - The total comprehensive income for Q1 2024 was CNY 26,167,292.09, compared to CNY 47,136,746.63 in Q1 2023, indicating a decrease of approximately 44.6%[18]. - Net profit for Q1 2024 decreased to CNY 29,494,582.62 from CNY 47,529,484.51 in Q1 2023, reflecting a decline of about 38%[17]. - The company's basic earnings per share for Q1 2024 was CNY 0.1003, down from CNY 0.1616 in Q1 2023, reflecting a decline of about 38%[18]. - The company's investment income for Q1 2024 was a loss of CNY 1,311,069.69, compared to a gain of CNY 2,558,198.42 in Q1 2023[17]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 3,115,772,786.46, a 0.99% increase from the end of the previous year[6]. - Total assets as of March 31, 2024, amounted to CNY 3,115,772,786.46, an increase from CNY 3,085,219,076.08 as of December 31, 2023, reflecting a growth of approximately 1%[12]. - Current assets totaled CNY 2,187,137,916.84, compared to CNY 2,163,890,555.73 at the end of 2023, indicating an increase of about 1.1%[13]. - Non-current assets totaled CNY 928,634,869.62, slightly up from CNY 921,328,520.35, reflecting a growth of about 0.4%[13]. - The total liabilities as of Q1 2024 were CNY 1,704,461,655.37, slightly up from CNY 1,700,075,237.08 in Q1 2023[15]. - The total current liabilities as of Q1 2024 were CNY 1,515,150,039.27, slightly up from CNY 1,509,594,893.15 in Q1 2023[15]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 11,887,521.08, indicating a cash outflow[5]. - Cash inflow from operating activities in Q1 2024 was CNY 216,453,070.91, down from CNY 248,144,251.81 in Q1 2023, a decrease of approximately 12.8%[20]. - The net cash flow from operating activities was -$11.89 million, a significant decrease compared to $201.66 thousand in the previous year, indicating a decline in operational efficiency[21]. - Cash outflows from operating activities totaled $228.34 million, down from $247.94 million year-over-year, reflecting a reduction in operational expenses[21]. - The net cash flow from investing activities was -$14.39 million, compared to a positive $16.50 million in the same quarter last year, highlighting a shift in investment strategy[21]. - Cash inflows from investing activities decreased to $45.08 million from $210.60 million, primarily due to lower cash recovered from investments[21]. - The net cash flow from financing activities was -$17.15 million, a decline from a positive $122.54 thousand in the previous year, indicating challenges in raising capital[21]. - The company reported a cash outflow of $17.15 million from financing activities, primarily due to debt repayments and dividend distributions[21]. Shareholder Information - The company reported a total of 28,102 common shareholders as of the end of the reporting period[10]. - The largest shareholder, Jingdezhen Ceramic Culture Tourism Holding Group, holds 29.9% of shares, totaling 90,180,800 shares[10]. - The company has not engaged in any share lending or borrowing activities during the reporting period[11]. Research and Development - Research and development expenses increased to CNY 8,865,634.46 in Q1 2024, up from CNY 7,783,956.03 in Q1 2023, indicating a growth of approximately 13.9%[16].