YCIG(SH:600345)2024-04-29 10:28Financial Performance - The company's operating revenue for Q1 2024 was ¥64,952,084.41, representing a year-on-year increase of 37.73%[2] - The net profit attributable to shareholders was -¥27,314,881.71, with a significant decrease in investment income from associates contributing to the loss[5] - The total operating revenue for Q1 2024 was RMB 64,952,084.41, an increase of 37.8% compared to RMB 47,160,147.77 in Q1 2023[13] - Net profit for Q1 2024 was CNY -27,314,881.71, compared to CNY -1,802,252.58 in Q1 2023, indicating a significant decline in profitability[14] - The company reported a total comprehensive income of CNY -31,709,587.05 for Q1 2024, compared to CNY 1,466,786.66 in Q1 2023[15] - Basic and diluted earnings per share for Q1 2024 were both CNY -0.08, compared to CNY -0.01 in Q1 2023[15] Cash Flow and Assets - The net cash flow from operating activities was -¥123,866,531.72, a decrease of ¥23.81 million compared to the same period last year, primarily due to increased payments for goods[5] - Cash flow from operating activities for Q1 2024 was CNY -123,866,531.72, worsening from CNY -100,058,465.99 in Q1 2023[17] - The company's cash and cash equivalents were RMB 829,227,985.61 as of March 31, 2024, down from RMB 965,661,878.19 at the end of 2023[10] - Cash and cash equivalents at the end of Q1 2024 totaled CNY 820,127,942.67, down from CNY 956,678,292.88 at the beginning of the quarter[18] - The company's current assets as of March 31, 2024, totaled RMB 1,810,208,187.91, a decrease from RMB 1,869,884,271.00 as of December 31, 2023[10] - Non-current assets increased to RMB 2,621,880,973.46 as of March 31, 2024, compared to RMB 2,567,005,507.34 at the end of 2023[11] - Total assets amounted to RMB 4,432,089,161.37 as of March 31, 2024, slightly down from RMB 4,436,889,778.34 at the end of 2023[12] - The total liabilities decreased to RMB 1,012,760,539.39 from RMB 1,016,633,702.18 at the end of 2023[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,135[6] - The largest shareholder, Fenghuo Technology Group Co., Ltd., holds 17.20% of the shares, totaling 56,682,297 shares[7] Government Support and Future Plans - The company received government subsidies amounting to ¥1,500,000.00, which are closely related to its normal business operations[4] - The company plans to enhance marketing efforts and accelerate project construction and delivery to improve performance in the future[5] Expenses and Costs - Total operating costs for Q1 2024 were CNY 106,464,349.63, an increase of 14.67% compared to CNY 92,830,295.86 in Q1 2023[14] - Research and development expenses for Q1 2024 were CNY 25,403,917.81, slightly up from CNY 25,011,477.16 in Q1 2023[14] - The company recorded a tax expense of CNY 888,674.25 in Q1 2024, up from CNY 272,189.54 in Q1 2023[14] Investment and Financing Activities - Investment activities resulted in a net cash outflow of CNY -32,245,246.27 in Q1 2024, compared to CNY -62,425,554.79 in Q1 2023[17] - Financing activities generated a net cash inflow of CNY 19,561,427.78 in Q1 2024, a recovery from a net outflow of CNY -7,492,357.75 in Q1 2023[18]