SHTD(SH:600647)2024-04-29 12:07Financial Performance - The company's operating revenue for Q1 2024 was ¥116,985,069.33, representing an increase of 32,529.13 compared to the same period last year[5]. - The net profit attributable to shareholders was -¥10,221,687.81, indicating a loss due to the addition of a new subsidiary, Shanghai Langlv[5][8]. - The net cash flow from operating activities was -¥115,514,742.91, primarily due to significant cash outflows from the new subsidiary's operations[5][8]. - The basic and diluted earnings per share were both -¥0.0735, reflecting a decrease in net profit attributable to shareholders[5][8]. - The weighted average return on equity was -2.48%, a decrease of 2.02 percentage points compared to the previous year[5]. - The company's net profit for Q1 2024 was not explicitly stated, but the increase in operating revenue suggests potential profitability improvements[16]. - The net profit for Q1 2024 was -17,961,496.87 RMB, compared to -1,662,214.49 RMB in Q1 2023, indicating a significant increase in losses[17]. - The total comprehensive income for Q1 2024 was -17,868,024.51 RMB, compared to -1,662,214.49 RMB in the same period last year[18]. - Basic and diluted earnings per share for Q1 2024 were both -0.0735 RMB, compared to -0.0098 RMB in Q1 2023[18]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,122,003,898.87, a decrease of 2.91% from the end of the previous year[6]. - The total assets of the company as of March 31, 2024, were ¥1,122,003,898.87, a decrease from ¥1,155,666,199.37 at the end of 2023, representing a decline of about 2.9%[13]. - The total liabilities decreased to ¥564,389,247.17 in Q1 2024 from ¥580,798,056.11 at the end of 2023, a reduction of approximately 2.8%[13]. - The total equity attributable to shareholders decreased to ¥407,182,875.93 as of March 31, 2024, from ¥417,050,828.66 at the end of 2023, a decline of about 2%[13]. - Shareholders' equity attributable to the parent company was ¥407,182,875.93, down 2.37% from the previous year-end[6]. Revenue and Costs - Total operating revenue for Q1 2024 reached ¥116,985,069.33, a significant increase from ¥358,529.53 in Q1 2023, representing a growth of approximately 32,600%[16]. - Total operating costs for Q1 2024 were ¥137,632,914.37, compared to ¥1,889,484.87 in Q1 2023, indicating a substantial rise in costs[16]. Cash Flow and Financing - The company's cash and cash equivalents decreased to ¥345,601,758.28 as of March 31, 2024, down from ¥463,180,939.20 at the end of 2023, a decline of about 25.5%[12]. - Cash flow from operating activities for Q1 2024 showed a net outflow of -115,514,742.91 RMB, compared to -5,449,657.25 RMB in Q1 2023[21]. - Total cash inflow from operating activities was 106,681,258.04 RMB, while total cash outflow was 222,196,000.95 RMB in Q1 2024[21]. - The company reported cash and cash equivalents at the end of Q1 2024 of 318,129,099.69 RMB, down from 435,708,280.61 RMB at the beginning of the quarter[22]. - The company incurred 53,698,118.19 RMB in cash payments to employees during Q1 2024, compared to 6,028,420.34 RMB in Q1 2023[19]. - The company reported a tax expense of 9,127,029.88 RMB in Q1 2024, compared to 487,299.84 RMB in Q1 2023[21]. - The company had a cash outflow of 2,327,791.67 RMB from financing activities in Q1 2024[21]. - The company received 490,000.00 RMB from minority shareholders as part of its financing activities in Q1 2024[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,456[10]. - The largest shareholder, Xinda Investment Co., Ltd., holds 40.68% of the shares, totaling 56,606,455 shares[10]. Research and Development - Research and development expenses for Q1 2024 amounted to ¥5,206,531.28, indicating ongoing investment in innovation[16]. Credit Risk - The company reported a credit impairment loss of ¥2,218,295.46 in Q1 2024, compared to a loss of ¥152,137.55 in Q1 2023, highlighting increased credit risk[16].