XNTS(000720)2024-04-29 11:47Financial Performance - The company's operating revenue for Q1 2024 was ¥171,346,461.90, a decrease of 71.46% compared to ¥600,448,372.05 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥11,297,721.66, an improvement of 45.31% from a loss of ¥20,657,233.74 year-on-year[7] - The net cash flow from operating activities was -¥130,921,218.91, a decline of 311.96% compared to ¥61,768,220.27 in the previous year[11] - Total operating revenue for Q1 2024 was CNY 171,346,461.90, a decrease of 71.5% compared to CNY 600,448,372.05 in the same period last year[24] - Total operating costs for Q1 2024 were CNY 181,954,157.23, down 70.7% from CNY 618,470,393.29 year-over-year[24] - Net loss for Q1 2024 was CNY 10,946,963.58, an improvement from a net loss of CNY 20,336,662.00 in Q1 2023[25] - The company's cash flow from operating activities showed a significant improvement, although specific figures were not disclosed in the report[25] - The company reported a decrease in financial expenses, with interest expenses at CNY 16,620,852.43, down from CNY 19,864,689.89 year-over-year[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,361,353,092.91, an increase of 1.40% from ¥5,287,261,331.57 at the end of the previous year[7] - Total assets as of Q1 2024 amounted to CNY 5,361,353,092.91, an increase from CNY 5,287,261,331.57 at the end of the previous period[22] - Total liabilities for Q1 2024 were CNY 2,784,180,467.31, compared to CNY 2,700,073,504.57 in the prior period[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 45,979[14] - The largest shareholder, Huaneng Energy Transportation Industry Holdings Co., Ltd., holds 23.88% of shares, totaling 300,007,395 shares[14] - The second-largest shareholder, Nanjing Huaneng Southern Industrial Development Co., Ltd., holds 17.82% of shares, totaling 223,910,769 shares[14] Cash Flow and Financing Activities - The net increase in cash and cash equivalents was ¥42,546,251.74, a 139.93% increase from a decrease of -¥106,559,908.35 in the previous year[12] - The company reported a significant increase in short-term borrowings, leading to a 204.23% increase in net cash flow from financing activities[12] - Total cash inflow from operating activities was 243,025,294.11 CNY, down 73.4% from 913,836,514.64 CNY in the prior period[27] - Cash outflow from operating activities totaled 373,946,513.02 CNY, a decrease of 56.2% compared to 852,068,294.37 CNY last year[27] - The net cash flow from investing activities was -619,783.66 CNY, an improvement from -1,308,620.00 CNY in the previous period[28] - Cash inflow from financing activities was 384,554,847.17 CNY, down 16.5% from 460,337,619.65 CNY in the prior period[28] - The net cash flow from financing activities was 174,087,254.31 CNY, a recovery from -167,019,508.62 CNY in the previous period[28] Inventory and Receivables - Accounts receivable decreased from RMB 1,304,334,372.11 to RMB 1,272,730,965.21 during the reporting period[20] - Inventory increased from RMB 2,996,774,668.35 to RMB 3,068,709,466.33, indicating a growth of approximately 2.4%[20] Strategic Decisions - The company ceased its supply chain business unrelated to the group's smart supply chain construction, leading to a significant drop in revenue[10] - The company terminated the planned major asset restructuring due to significant changes in the external environment affecting the energy supply chain[16] - The company approved a management agreement with Energy Transportation Company for the management of Huaneng (Nanjing) Asset Management Co., Ltd., with a management fee of RMB 9 million[17] Future Outlook - The company continues to focus on cost control measures to improve profitability in future quarters[25] - Future outlook includes potential market expansion and new product development, although specific details were not provided in the report[25]