ZZYL(SH:600568)2024-04-29 10:58Financial Performance - The company's operating revenue for Q1 2024 was CNY 130,001,333.73, representing a year-on-year increase of 10.34%[5] - The net profit attributable to shareholders was a loss of CNY 22,893,608.42, an increase in loss of 17.73% compared to the same period last year[5] - The basic and diluted earnings per share were both CNY -0.0115, reflecting a decline of 17.86% compared to the previous year[5] - In Q1 2024, the company reported a net loss of ¥20,801,816.79, slightly improved from a net loss of ¥21,844,934.44 in Q1 2023, representing a decrease of approximately 4.8% year-over-year[20] - Operating profit for Q1 2024 was -¥15,962,430.55, compared to -¥16,594,810.08 in Q1 2023, indicating a year-over-year improvement of about 3.8%[20] - The company’s total comprehensive loss for Q1 2024 was -¥20,876,548.54, slightly better than -¥21,955,975.58 in Q1 2023, showing a year-over-year improvement of about 4.9%[21] Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 23,001,563.66, worsening by 58.84% year-on-year[5] - The company experienced a net cash outflow from operating activities of -¥23,001,563.66 in Q1 2024, an improvement from -¥55,884,126.32 in Q1 2023, marking a reduction of about 58.8%[24] - Investment activities generated a net cash inflow of ¥28,056,830.43 in Q1 2024, compared to a net cash outflow of -¥4,721,357.34 in Q1 2023, indicating a significant turnaround[24] - The company’s cash and cash equivalents decreased to ¥429,681,973.61 as of March 31, 2024, down from ¥533,978,222.86 at the end of 2023, representing a decline of 19.5%[15] - The company’s cash and cash equivalents at the end of Q1 2024 were ¥238,998,615.25, down from ¥331,127,683.83 at the end of Q1 2023, a decrease of about 28%[24] - The company’s total operating cash inflow decreased by approximately 21.4% year-over-year, from ¥162,137,382.44 in Q1 2023 to ¥127,578,065.68 in Q1 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,834,715,809.18, down 6.10% from the end of the previous year[6] - Total assets as of March 31, 2024, were ¥2,834,715,809.18, down from ¥3,018,813,166.92 at the end of 2023, indicating a decrease of 6.1%[18] - Total liabilities decreased to ¥398,129,422.02 as of March 31, 2024, compared to ¥428,350,231.21 at the end of 2023, a decline of 7.0%[17] - The equity attributable to shareholders decreased to CNY 2,436,523,433.20, a decline of 0.71% from the previous year-end[6] - The company’s equity attributable to shareholders was ¥2,436,523,433.20 as of March 31, 2024, down from ¥2,453,996,685.14 at the end of 2023, a decrease of 0.7%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,249[11] Operational Metrics - Total operating costs for Q1 2024 were ¥151,475,799.64, up 10.6% from ¥136,899,729.17 in Q1 2023[19] - Total revenue from operating activities decreased to ¥115,224,655.47 in Q1 2024, down from ¥153,428,109.94 in Q1 2023, reflecting a decline of approximately 25%[22] - Accounts receivable increased to ¥101,985,560.08 in Q1 2024, compared to ¥94,209,530.40 in Q4 2023, reflecting an increase of 8.0%[16] - Inventory decreased to ¥522,974,493.08 as of March 31, 2024, down from ¥545,252,385.17 at the end of 2023, a reduction of 4.1%[16] Tax and Non-Recurring Items - Non-recurring gains and losses amounted to CNY 1,421,002.34, after accounting for tax and minority interests[8] - The company reported a significant reduction in tax payments compared to the previous year, contributing to the changes in cash flow[9] Return on Assets - The weighted average return on net assets was -0.9373%, an increase of 0.0623 percentage points compared to the previous year[6]