NEWLAND(SZ:000997)2024-04-29 11:27Financial Performance - In Q1 2024, the company achieved total revenue of CNY 1.74 billion, a year-on-year decrease of 8.34% due to delays in overseas equipment revenue recognition[3]. - The net profit attributable to shareholders was CNY 248.53 million, down 16.93% year-on-year, primarily impacted by fluctuations in the stock price of the associated company Mindray Electronics, resulting in a decrease of CNY 111 million[3]. - The company's net profit after deducting non-recurring gains and losses was CNY 280.34 million, reflecting a year-on-year increase of 12.53%[4]. - The net profit for Q1 2024 was approximately ¥290.77 million, a decrease of 4.7% compared to ¥303.22 million in Q1 2023[21]. - The total comprehensive income for Q1 2024 was approximately ¥287.64 million, down from ¥306.79 million in the same period last year, reflecting a decline of 6.5%[22]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.2453, compared to ¥0.2953 in Q1 2023, indicating a decrease of 17%[22]. Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of CNY 114.73 million, a significant decrease of 113.90% compared to the previous year[4]. - Cash flow from operating activities showed a net outflow of approximately ¥114.73 million, contrasting with a net inflow of ¥825.65 million in Q1 2023[24]. - Total cash inflow from operating activities was approximately ¥1.99 billion, down from ¥2.88 billion in the previous year, representing a decline of 30.8%[23]. - Cash outflow from investing activities was approximately ¥487.03 million, significantly lower than ¥1.06 billion in Q1 2023, indicating a reduction of 54.1%[24]. - Cash flow from financing activities resulted in a net outflow of approximately ¥194.75 million, compared to a net inflow of ¥243.86 million in the same period last year[24]. Assets and Liabilities - The total assets of the company decreased by 7.10% year-on-year to CNY 12.26 billion[5]. - Total assets decreased to CNY 12,262,413,144.47 from CNY 13,199,752,173.21, a reduction of approximately 7.06%[19]. - Total liabilities decreased to CNY 5,266,654,151.70 from CNY 6,491,512,489.05, a decline of about 18.83%[18]. - The company's cash and cash equivalents decreased to CNY 7,176,213,956.49 from CNY 7,938,624,041.20, a drop of 9.61%[18]. - The trading financial assets increased to approximately ¥220.27 million, up from ¥100.22 million, representing a growth of about 119.9%[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 52,370, with a major shareholder, Newland Technology Group Co., Ltd., holding 29.93% of shares, equating to 308,879,440 shares[11]. - The top ten shareholders include several institutional investors, with the largest being Newland Technology Group Co., Ltd., followed by Hong Kong Central Clearing Limited, which holds 4.81% of shares[12]. - The company has a total of 18,965,022 shares in its repurchase account, which accounts for 1.84% of total shares outstanding[13]. - The number of shares held by the Agricultural Bank of China - CSI 500 ETF increased by 708,900 shares, representing 0.07% of total shares, indicating new investment activity[15]. - The company has pledged 117,300,000 shares, which is a significant portion of the holdings of Newland Technology Group Co., Ltd.[11]. Business Segments and Operations - The merchant operation service segment generated revenue of CNY 900 million, with a net profit of CNY 180 million, representing a year-on-year growth of over 39%[8]. - The total transaction volume for payment services in Q1 2024 was CNY 560 billion, with a 2.5% increase in the number of QR code payments year-on-year[8]. - The revenue from value-added services reached CNY 150 million during the reporting period[8]. - The overseas business of the smart terminal cluster generated revenue of CNY 600 million, a decline of 20% year-on-year due to logistics delays[8]. Strategic Focus and Investments - The company is actively involved in the private equity investment fund sector, with several funds holding significant stakes in the company[12]. - The financial report indicates a strategic focus on enhancing liquidity and managing financial assets effectively in the current market environment[16]. - Research and development expenses for the quarter were CNY 136,719,031.28, slightly up from CNY 135,448,455.74, indicating a focus on innovation[20]. - The company experienced a significant increase in credit impairment losses, totaling approximately ¥106.84 million, compared to ¥125.72 million in the previous year, reflecting a decrease of 14.9%[21].