ELHT(SH:600133)2024-04-29 11:18Financial Performance - The company's operating revenue for Q1 2024 was ¥375,374,985.92, representing a decrease of 87.57% compared to the same period last year[6] - Net profit attributable to shareholders for Q1 2024 was ¥34,722,519.97, down 43.80% year-on-year[6] - Basic earnings per share for Q1 2024 were ¥0.0270, a decrease of 57.55% compared to the previous year[6] - Total operating revenue for Q1 2024 was ¥375,374,985.92, a significant decrease of 87.5% compared to ¥3,019,313,266.41 in Q1 2023[31] - Net profit for Q1 2024 was ¥36,016,359.73, a decline of 59.0% from ¥87,787,569.83 in Q1 2023[34] - Earnings per share for Q1 2024 were ¥0.0270, compared to ¥0.0636 in Q1 2023[36] Cash Flow - The net cash flow from operating activities was -¥640,130,245.47, indicating a significant cash outflow[6] - In Q1 2024, the company's cash inflow from operating activities was CNY 555,231,042.29, a significant decrease of 84.8% compared to CNY 3,651,638,797.71 in Q1 2023[37] - The net cash flow from operating activities for Q1 2024 was -CNY 640,130,245.47, an improvement from -CNY 984,423,653.28 in Q1 2023[40] - The company reported cash inflow from investment activities of CNY 1,370,952,927.04 in Q1 2024, compared to CNY 167,157,627.18 in the same period last year, marking a substantial increase[40] - The net cash flow from investment activities was CNY 1,108,019,953.30 in Q1 2024, a turnaround from -CNY 134,065,187.50 in Q1 2023[40] - Cash inflow from financing activities in Q1 2024 was CNY 202,593,756.07, down from CNY 2,427,646,280.62 in Q1 2023[40] - The net cash flow from financing activities was -CNY 375,910,055.41 in Q1 2024, compared to a positive CNY 777,983,986.28 in Q1 2023[40] - The total cash outflow from operating activities in Q1 2024 was CNY 1,195,361,287.76, a decrease from CNY 4,636,062,450.99 in Q1 2023[37] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥18,382,133,593.96, down 3.74% from the end of the previous year[9] - The total assets of the company were approximately CNY 18.38 billion, a decrease of about 3.7% from CNY 19.10 billion[24] - Total liabilities decreased to ¥8,521,831,099.85 in 2024 from ¥9,257,604,941.80 in 2023, reflecting a reduction of 7.9%[26] - Non-current liabilities decreased to ¥3,747,768,985.21 in 2024 from ¥4,679,511,854.08 in 2023, a reduction of 19.9%[26] - Total equity increased slightly to ¥9,860,302,494.11 in 2024 from ¥9,839,157,558.01 in 2023[26] Shareholder Information - The total number of common shareholders at the end of the reporting period was 70,213[13] - The largest shareholder, Hubei Construction Investment Group Co., Ltd., held 15.82% of the shares[13] Operational Metrics - The decline in operating revenue was primarily due to the exclusion of Hubei Road and Bridge from the company's consolidated scope starting December 2023[10] - The company reported non-recurring gains and losses totaling ¥12,302,788.27 for the period[9] - The weighted average return on equity was 0.34%, a decrease of 0.44 percentage points year-on-year[6] Current Assets and Expenditures - As of March 31, 2024, the company's total current assets amounted to approximately CNY 10.1 billion, a decrease of about 8.0% from CNY 11.0 billion as of December 31, 2023[21] - The company's cash and cash equivalents increased to approximately CNY 2.86 billion, up from CNY 2.76 billion, reflecting a growth of about 3.5%[21] - Accounts receivable decreased to approximately CNY 1.46 billion, down by about 3.7% from CNY 1.52 billion[21] - Inventory increased to approximately CNY 4.35 billion, representing a rise of about 8.6% from CNY 4.01 billion[21] - Non-current assets totaled approximately CNY 8.28 billion, an increase of about 2.1% from CNY 8.11 billion[24] - The company reported a significant reduction in accounts payable, which decreased to approximately CNY 1.47 billion, down by about 15.0% from CNY 1.73 billion[24] - The company has ongoing development expenditures of approximately CNY 1.54 million, indicating investment in new technologies[24] - The company has a goodwill amounting to approximately CNY 372 million, remaining stable compared to previous periods[24] Expenses - Total operating costs for Q1 2024 were ¥337,833,581.57, down 88.4% from ¥2,916,861,492.27 in Q1 2023[31] - The company reported a significant reduction in financial expenses, down to ¥10,838,263.47 in Q1 2024 from ¥61,943,083.71 in Q1 2023[31] - Research and development expenses decreased to ¥16,583,950.05 in Q1 2024 from ¥23,331,816.85 in Q1 2023, a decline of 28.9%[31] - The company experienced a net investment loss of ¥6,190,483.11 in Q1 2024, compared to a gain of ¥8,862,980.16 in Q1 2023[31] Tax and Compensation - The company received CNY 4,783,382.14 in tax refunds during Q1 2024, a significant increase from CNY 355,475.54 in Q1 2023[37] - The cash outflow for employee compensation in Q1 2024 was CNY 93,615,532.51, down from CNY 183,955,452.60 in Q1 2023, indicating a reduction in payroll expenses[37]