ITG(SH:600755)2024-04-29 10:28Financial Performance - In Q1 2024, the company achieved operating revenue of CNY 96.88 billion, a decrease of 21.60% compared to the same period last year[18]. - The net profit attributable to shareholders decreased by 44.50% year-on-year, amounting to CNY 410.37 million, primarily due to a complex international environment and insufficient domestic demand[7][22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 118.19%, resulting in a loss of CNY 77.27 million[19][22]. - Basic and diluted earnings per share were both CNY 0.13, down 55.17% from CNY 0.29 in the same period last year[18][22]. - Operating revenue for Q1 2024 was 15.79 billion RMB, down 31.8% from 23.12 billion RMB in Q1 2023[41]. - Operating profit for Q1 2024 was ¥578.32 million, down 41.8% from ¥992.78 million in Q1 2023[56]. - Net profit for Q1 2024 was ¥472.83 million, a decline of 43.7% compared to ¥841.64 million in Q1 2023[56]. - The total comprehensive income attributable to the parent company decreased to CNY 415,268,387.91 in Q1 2024 from CNY 706,759,668.56 in Q1 2023, representing a decline of approximately 41.2%[57]. - The company recorded a total comprehensive income of CNY 110,945,589.06 in Q1 2024, compared to CNY 117,508,080.88 in Q1 2023[66]. Assets and Liabilities - Total assets increased by 30.67% to CNY 147.82 billion compared to the end of the previous year[18]. - The total liabilities increased to 61.46 billion RMB from 48.15 billion RMB, with short-term borrowings rising to 13.61 billion RMB[39]. - The total liabilities increased to ¥106.37 billion as of March 31, 2024, compared to ¥74.50 billion as of December 31, 2023, representing a growth of 42.7%[55]. - The total current assets increased to CNY 121,209,727,284.85 as of March 31, 2024, compared to CNY 87,354,903,754.85 as of December 31, 2023, reflecting a growth of about 38.7%[64]. - The total liabilities increased to CNY 66,858,760,471.30 as of March 31, 2024, up from CNY 52,753,741,138.57 as of December 31, 2023, reflecting a growth of approximately 26.7%[63]. Cash Flow - The company reported a net cash flow from operating activities of CNY -21.68 billion, indicating a significant cash outflow[18]. - The net cash flow from operating activities was negative at CNY -21,675,197,706.11 in Q1 2024, an improvement from CNY -25,957,316,897.06 in Q1 2023[57]. - Cash inflow from financing activities decreased to CNY 53,435,788,893.82 in Q1 2024 from CNY 61,067,807,666.25 in Q1 2023, a decline of about 12.7%[58]. - The net increase in cash and cash equivalents was CNY 6,712,473,431.31 in Q1 2024, compared to a decrease of CNY -3,452,766,432.57 in Q1 2023[58]. - The company reported a significant decrease in cash received from sales, totaling CNY 18,206,608,446.28, down 33.5% from CNY 27,368,724,343.32 in Q1 2023[69]. - Financing activities generated a net cash inflow of CNY 20,220,944,468.41, slightly down from CNY 21,162,643,184.85 in the previous year[69]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 78,792[46]. - Xiamen Guomao Holding Group Co., Ltd. holds 776,422,386 shares, accounting for 35.22% of total shares[46]. - The number of shares held by the top ten shareholders includes 701,050,952 shares held by Xiamen Guomao Holding Group Co., Ltd.[47]. Investment and Expenses - The company’s investment income for Q1 2024 was 48.78 million RMB, down from 61.42 million RMB in Q1 2023[41]. - Research and development expenses increased significantly to ¥18.65 million in Q1 2024 from ¥2.09 million in Q1 2023, reflecting a growth of 791.5%[55]. - Financial expenses rose to ¥567.40 million in Q1 2024 from ¥370.64 million in Q1 2023, an increase of 53.1%[56]. - The company reported an investment income of ¥362.19 million in Q1 2024, a significant recovery from a loss of ¥227.93 million in Q1 2023[56]. - The company's investment income from joint ventures and associates showed a loss of CNY -17,806,336.09, a significant decline from a profit of CNY 25,279,167.27 in Q1 2023[66]. Business Strategy - The company is actively pursuing business model transformation and optimizing operational strategies in response to market conditions[16].