JAC(SH:600418)2024-04-29 11:27Financial Performance - The company's operating revenue for Q1 2024 was CNY 11,265,195,407.45, representing a year-on-year increase of 4.61%[4]. - The net profit attributable to shareholders was CNY 105,493,716.26, showing a decline of 28.72% compared to the same period last year[4]. - The basic earnings per share for the period was CNY 0.05, down by 28.57% compared to the previous year[4]. - The total comprehensive income for Q1 2024 was ¥105,890,809.34, compared to ¥112,693,974.92 in Q1 2023, showing a decrease of 6.93%[24]. - The company's total operating cost for Q1 2024 was ¥11,276,431,189.44, which is an increase of 4.70% compared to ¥10,768,078,827.83 in Q1 2023[23]. Cash Flow - The net cash flow from operating activities was negative at CNY -1,225,777,205.46, a decrease of 167.96% year-on-year[4]. - In Q1 2024, the company's cash inflow from operating activities was CNY 8.44 billion, a decrease of 11.8% compared to CNY 9.57 billion in Q1 2023[26]. - The net cash outflow from operating activities in Q1 2024 was CNY -1.23 billion, contrasting with a net inflow of CNY 1.80 billion in Q1 2023[26]. - Cash inflow from investment activities totaled CNY 2.47 billion in Q1 2024, down 46.2% from CNY 4.60 billion in Q1 2023[27]. - The company's cash and cash equivalents at the end of Q1 2024 stood at CNY 9.99 billion, down from CNY 11.10 billion at the end of Q1 2023[27]. Assets and Liabilities - Total assets at the end of Q1 2024 reached CNY 48,317,750,728.31, an increase of 3.32% from the end of the previous year[5]. - The total liabilities increased to RMB 28.19 billion from RMB 26.78 billion, representing a growth of about 5.26%[20]. - The total assets of Anhui Jianghuai Automobile Group Co., Ltd. increased to RMB 48.32 billion as of March 31, 2024, compared to RMB 46.76 billion at the end of 2023, reflecting a growth of approximately 3.35%[19]. - The company's inventory decreased to RMB 4.21 billion from RMB 4.75 billion, a reduction of approximately 11.29%[19]. - The total accounts payable increased to RMB 9.52 billion from RMB 8.70 billion, an increase of about 9.43%[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 176,290[9]. - The top shareholder, Anhui Jianghuai Automobile Group Holding Co., Ltd., held 615,400,702 shares, accounting for 28.18% of total shares[10]. - The company has not reported any significant changes in its shareholder structure or major financing activities during the reporting period[14]. Government Support and Expenses - The company received government subsidies amounting to CNY 106,942,718.13 during the reporting period, which contributed to the financial results[6]. - Research and development expenses for Q1 2024 were ¥344,076,054.06, a decrease of 6.89% from ¥369,511,618.63 in Q1 2023[23]. - Employee compensation payments rose to CNY 1.06 billion in Q1 2024, an increase of 13% from CNY 937 million in Q1 2023[26]. - The company reported a decrease in employee compensation payable to RMB 542.63 million from RMB 625.86 million, a decline of approximately 13.27%[20].