XCEP(SH:600505)2024-04-29 11:57Financial Performance - The company's operating revenue for Q1 2024 was CNY 360,590,752.72, representing a year-on-year increase of 10.47%[5] - The net profit attributable to shareholders of the listed company was a loss of CNY 12,230,106.71, with no applicable percentage change due to the loss[5] - The net cash flow from operating activities decreased by 49.51%, amounting to CNY 12,098,255.20[5] - Total operating revenue for Q1 2024 reached ¥360,590,752.72, an increase of 10.5% compared to ¥326,415,428.97 in Q1 2023[22] - Net profit for Q1 2024 was -¥16,012,199.18, an improvement from -¥40,426,430.77 in Q1 2023, indicating a reduction in losses by 60.4%[23] - Basic and diluted earnings per share for Q1 2024 were -¥0.0335, an improvement from -¥0.0958 in Q1 2023[24] - The total comprehensive income for the period was CNY 736,862.71, a significant improvement from a loss of CNY -19,156,431.41 in the same quarter last year[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,460,644,882.60, reflecting a 1.57% increase from the end of the previous year[6] - The company's total liabilities were CNY 3,095,642,943.60, up from CNY 3,010,510,375.09, which is an increase of about 2.83%[20] - The total current liabilities reached CNY 972,029,137.02, compared to CNY 913,845,479.77, marking an increase of around 6.36%[20] - The total assets as of March 31, 2024, amounted to CNY 2,661,348,788.92, up from CNY 2,574,729,434.39 at the end of 2023[33] - The total liabilities increased to CNY 1,268,358,558.40 as of March 31, 2024, compared to CNY 1,182,464,581.36 at the end of 2023[33] Cash Flow - The net cash flow from operating activities for Q1 2024 was ¥12,098,255.20, down from ¥23,959,755.89 in Q1 2023[28] - Cash inflow from financing activities in Q1 2024 was ¥93,739,279.68, significantly higher than ¥4,674,099.60 in Q1 2023[28] - The company's cash flow from financing activities showed a net inflow of CNY 68,010,869.20 in Q1 2024, a significant improvement from a net outflow of CNY 51,569,828.87 in Q1 2023[29] - The net cash flow from financing activities was CNY 87,391,224.89, a turnaround from a net outflow of CNY -32,052,668.77 in the previous year[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,668[13] - The top three shareholders held a combined 55.2% of the company's shares, with the largest being State Grid Sichuan Electric Power Company at 20.1%[14] Government Support - The company received government subsidies amounting to CNY 610,045.55, which are closely related to its normal operations[8] Inventory and Receivables - The company's inventory increased to CNY 35,112,982.26 from CNY 22,060,849.77, showing a significant rise of about 59.96%[19] - Accounts receivable rose to CNY 216,967,466.01, up from CNY 190,153,433.59, indicating an increase of approximately 14.16%[18] Borrowings - The company's short-term borrowings increased by 142.90%, primarily due to an increase in current borrowings[11] - The company reported a short-term loan of CNY 85,064,861.12, which is a significant increase from CNY 35,020,083.34, reflecting a growth of about 143.00%[20] - The company's short-term borrowings increased to CNY 85,064,861.12 in Q1 2024 from CNY 35,020,083.34 in Q4 2023[32]