CSI(SH:600158)2024-04-29 12:27Financial Performance - The company's operating revenue for Q1 2024 reached ¥700,112,439.81, representing a year-on-year increase of 195.80%[5]. - Total revenue for Q1 2024 reached ¥700,112,439.81, a significant increase of 195.5% compared to ¥236,684,334.29 in Q1 2023[18]. - Operating profit for Q1 2024 was ¥109,717,852.48, compared to a loss of ¥54,498,326.00 in Q1 2023, indicating a turnaround in profitability[18]. - The total profit for Q1 2024 was ¥109,482,998.08, compared to a loss of ¥56,022,667.14 in Q1 2023[19]. - The net profit for Q1 2024 reached ¥75,374,908.06, while the net loss in Q1 2023 was ¥50,705,838.86[19]. - Net profit attributable to shareholders was ¥19,805,956.05, with a significant increase driven by growth in real estate, sports services, and sports manufacturing[5][6]. - Basic and diluted earnings per share for Q1 2024 were ¥0.0206, recovering from a loss of ¥0.0529 per share in Q1 2023[19]. Cash Flow - The net cash flow from operating activities was negative at -¥415,941,845.57, primarily due to increased procurement payments and related taxes[6][7]. - The net cash flow from operating activities for Q1 2024 was -¥415,941,845.57, worsening from -¥296,956,744.63 in Q1 2023[22]. - Cash inflow from operating activities totaled ¥367,472,872.48 in Q1 2024, up from ¥312,058,186.76 in Q1 2023[22]. - Cash outflow from operating activities increased to ¥783,414,718.05 in Q1 2024, compared to ¥609,014,931.39 in Q1 2023[22]. - The net cash flow from investing activities was -¥6,072,529.01 in Q1 2024, a decrease from a positive cash flow of ¥23,210,735.16 in Q1 2023[23]. - The net cash flow from financing activities was -¥25,592,531.98 in Q1 2024, compared to -¥52,297,881.68 in Q1 2023[23]. - The ending cash and cash equivalents balance for Q1 2024 was ¥1,884,846,926.43, down from ¥2,500,269,153.57 in Q1 2023[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,313,887,501.77, a decrease of 4.96% compared to the end of the previous year[6]. - Total assets decreased to ¥6,313,887,501.77 from ¥6,643,079,412.10, a reduction of 4.9%[15]. - Total liabilities decreased to ¥2,590,680,143.89 from ¥2,992,840,492.16, a decline of 13.5%[15]. - Shareholders' equity increased to ¥3,723,207,357.88 from ¥3,650,238,919.94, reflecting a growth of 2.0%[15]. - Cash and cash equivalents decreased to ¥1,956,436,002.39 from ¥2,411,844,273.25, a decline of 18.8%[13]. - Accounts receivable increased to ¥426,652,249.52 from ¥318,825,506.37, representing a growth of 33.9%[13]. - Inventory rose to ¥1,706,963,622.74 from ¥1,610,536,529.46, an increase of 5.9%[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 77,379[9]. - The largest shareholder, the State Sports General Administration Sports Fund Management Center, holds 19.49% of the shares[9][10]. - The company did not report any significant changes in shareholder participation in margin trading or securities lending activities[10]. Research and Development - Research and development expenses for Q1 2024 were ¥10,511,676.42, down from ¥15,816,155.77 in Q1 2023, a decrease of 33.7%[18]. Return on Equity - The weighted average return on equity (ROE) increased by 2.79 percentage points to 0.76%[6]. Government Subsidies - The company received government subsidies amounting to ¥773,991.68, which are closely related to its normal business operations[7].