L&T City(SH:600790)2024-04-29 10:09Financial Performance - The company's operating revenue for Q1 2024 was CNY 225,483,493.91, representing a year-on-year increase of 1.59%[5] - The net profit attributable to shareholders decreased by 21.60% to CNY 55,644,981.81 compared to the same period last year[5] - The basic earnings per share for the period was CNY 0.0410, down 15.29% year-on-year[6] - Net profit for Q1 2024 was CNY 58,081,074.81, a decrease of 22.87% from CNY 75,326,919.37 in Q1 2023[25] - Earnings per share for Q1 2024 were CNY 0.04, down from CNY 0.05 in Q1 2023[26] - The company reported a total comprehensive income of CNY 268,501,822.04 for Q1 2024, compared to CNY 49,760,218.28 in Q1 2023[26] Assets and Liabilities - The total assets at the end of the reporting period were CNY 11,810,820,933.61, a decrease of 4.81% from the end of the previous year[6] - The total liabilities as of Q1 2024 amounted to CNY 5,302,115,972.60, a decrease from CNY 6,160,719,091.52 in the previous year[21] - The company's total non-current liabilities were CNY 2,557,900,495.35 as of Q1 2024, an increase from CNY 2,438,032,492.43 in the previous year[21] - The total non-current assets as of March 31, 2024, were RMB 9,584,710,232.88, an increase from RMB 9,045,825,044.27 as of December 31, 2023, indicating a growth of approximately 5.93%[19] Cash Flow - The net cash flow from operating activities was negative at CNY -128,042,518.82, indicating a significant cash outflow[5] - Cash flow from operating activities in Q1 2024 was CNY 82,350,036.82, an increase from CNY 79,901,028.28 in Q1 2023[28] - The total cash inflow from operating activities was 102,595,352.10, compared to 124,068,332.75 in the previous year[29] - Total cash inflow from investment activities was 15,706,226.78, down from 25,866,860.58 year-over-year[29] - Cash outflow for investment activities totaled 315,899,488.36, slightly up from 312,408,610.72 in the previous year, resulting in a net cash flow of -300,193,261.58 from investment activities[30] - Total cash outflow from financing activities was 796,977,031.95, compared to 146,269,292.69 in the previous year, leading to a net cash flow of -746,977,031.95 from financing activities[30] Shareholder Information - The total number of common shareholders at the end of the reporting period was 25,352[12] - The largest shareholder, Shaoxing Keqiao District Development and Operation Group Co., Ltd., held 37.75% of the shares[12] Investments and Projects - Cumulative investment in the digital logistics port project reached RMB 245,489.69 million as of March 2024, with the project completion progress at approximately 60%[15] - The company has acquired land use rights for the digital industrial park project, with a total investment of RMB 76,920 million, and has completed 50% of the main structure construction[16] Compliance and Governance - The company has not identified any related party transactions among its top ten shareholders, ensuring compliance with regulatory requirements[13] - The company plans to appoint Lixin Certified Public Accountants as its auditing firm for the fiscal year 2024, replacing Tianjian Certified Public Accountants[15] Operating Costs and Expenses - Total operating costs for Q1 2024 were CNY 166,440,745.92, up 9.97% from CNY 151,362,259.99 in Q1 2023[24] - Research and development expenses for Q1 2024 were CNY 1,322,121.62, compared to CNY 938,997.37 in Q1 2023, reflecting a 40.92% increase[25] - Cash paid to employees increased significantly to 85,979,328.84 from 57,373,579.44 year-over-year[29] - The company reported a significant increase in cash paid for goods and services, totaling 29,793,302.17, compared to 48,135,880.06 in the previous year[29]