AECC AST(SH:600391)2024-04-29 10:47Financial Performance - The company's operating revenue for Q1 2024 was ¥811,100,035.01, representing a year-on-year increase of 9.40%[4] - Total operating revenue for Q1 2024 reached ¥811,100,035.01, an increase of 9.4% compared to ¥741,403,333.46 in Q1 2023[18] - Total operating costs for Q1 2024 were ¥803,618,367.08, up from ¥744,034,930.90 in Q1 2023, reflecting a rise of 8.0%[19] - Net profit for Q1 2024 was ¥9,113,754.27, a significant recovery from a net loss of ¥2,179,794.54 in Q1 2023[19] - The net profit attributable to shareholders was -¥2,157,504.47, and the net profit after deducting non-recurring items was -¥6,682,742.16[4] - Basic earnings per share for Q1 2024 was -¥0.007, compared to -¥0.03 in Q1 2023, showing improvement in loss per share[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥969,120,366.27, indicating a significant cash outflow[4] - The net cash flow from operating activities was -$969.12 million, a significant decline from -$298.06 million in the previous year, indicating increased operational challenges[23] - The company reported a total cash outflow from operating activities of $1.43 billion, compared to $947.12 million in the same quarter last year, highlighting rising operational costs[23] - Cash received from sales of goods and services was ¥459,526,684.95 in Q1 2024, down 27.7% from ¥635,914,348.91 in Q1 2023[22] - Cash and cash equivalents stood at RMB 620,583,933.51, slightly up from RMB 617,109,806.72[14] - Cash and cash equivalents at the end of the period totaled $613.23 million, compared to $171.20 million at the end of the previous year, reflecting improved liquidity[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,461,196,120.80, an increase of 18.63% compared to the end of the previous year[4] - As of March 31, 2024, total assets reached RMB 8,461,196,120.80, an increase from RMB 7,132,496,627.26 as of December 31, 2023, representing a growth of approximately 18.6%[14] - Current assets totaled RMB 6,077,782,051.80, up from RMB 4,999,220,913.77, indicating an increase of about 21.6%[15] - The company reported a total liability of ¥5,919,480,253.92 in Q1 2024, compared to ¥4,600,250,103.64 in Q1 2023, indicating a year-over-year increase of 28.5%[17] - The total current liabilities amounted to ¥5,008,610,230.95 in Q1 2024, an increase of 24.3% from ¥4,028,838,494.76 in Q1 2023[16] - Non-current liabilities totaled ¥910,870,022.97 in Q1 2024, up from ¥571,411,608.88 in Q1 2023, reflecting a growth of 59.3%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 44,896[8] - The company reported a total of 10 major shareholders, with the largest being China Aviation Engine Corporation holding 118,907,305 shares[9] - The top 10 unrestricted shareholders collectively hold a significant portion of the company's shares, indicating strong institutional interest[9] Research and Development - Research and development expenses decreased by 52.19% due to reduced spending on R&D projects[7] - Research and development expenses decreased to ¥15,149,180.88 in Q1 2024 from ¥31,688,355.09 in Q1 2023, a reduction of 52.3%[19] Government Support and Other Activities - The company received government subsidies amounting to ¥8,874,037.65, which positively impacted non-recurring gains[6] - The company has engaged in securities lending activities, with specific figures indicating the amounts involved in the lending process[10] Audit and Strategy - The financial report did not indicate any changes in the audit opinion type, confirming the stability of the financial reporting process[13] - The company has not disclosed any new strategies or product developments in this quarter's report[13]