ENC(SH:603869)2024-04-29 12:18Financial Performance - The company's operating revenue for Q1 2024 was ¥168,945,639.89, representing a decrease of 8.91% compared to the same period last year[5]. - Total revenue for Q1 2024 was ¥168,945,639.89, a decrease of 8.9% compared to ¥185,473,761.46 in Q1 2023[22]. - Total operating costs for Q1 2024 were ¥155,966,182.22, down 13.9% from ¥181,323,548.23 in Q1 2023[22]. - Net profit for Q1 2024 was ¥7,452,142.21, slightly down from ¥7,616,401.88 in Q1 2023, representing a decrease of 2.2%[24]. - Operating profit for Q1 2024 was ¥4,715,391.93, compared to ¥7,764,973.34 in Q1 2023, reflecting a decline of 39.3%[22]. - The net profit attributable to shareholders was ¥8,068,043.31, an increase of 4.62% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥5,603,482.88, down 27.33% from the previous year[5]. - Research and development expenses decreased significantly to ¥14,942,553.43 in Q1 2024 from ¥32,346,389.62 in Q1 2023, a reduction of 53.8%[22]. - The company reported a basic earnings per share of ¥0.0114 for Q1 2024, down from ¥0.0153 in Q1 2023, a decrease of 25.5%[24]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥95,067.07, a significant decline of 99.85% compared to the previous year[5]. - Cash flow from operating activities showed a net outflow of ¥95,067.07 in Q1 2024, compared to a net outflow of ¥61,703,273.01 in Q1 2023[27]. - Cash and cash equivalents at the end of Q1 2024 were ¥957,954,485.01, down from ¥1,415,066,729.02 at the end of Q1 2023[28]. - Cash and cash equivalents increased to RMB 1,101,046,327.23 from RMB 1,048,159,789.91, representing a growth of approximately 5.03%[17]. - Investment activities generated a net cash inflow of ¥41,644,451.62 in Q1 2024, compared to a net cash outflow of ¥110,281,244.10 in Q1 2023[28]. - Financing activities resulted in a net cash inflow of ¥67,210,015.62 in Q1 2024, compared to a net inflow of ¥58,915,070.92 in Q1 2023[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,101,004,018.02, an increase of 1.32% from the end of the previous year[6]. - The company's total assets amounted to RMB 5,101,004,018.02, an increase from RMB 5,034,450,912.56 as of December 31, 2023, reflecting a growth of approximately 1.32%[17]. - The company's current assets totaled RMB 3,265,946,844.94, up from RMB 3,180,911,540.70, indicating an increase of about 2.67%[17]. - The company's total liabilities reached RMB 1,265,298,318.59, compared to RMB 1,151,693,287.34, marking an increase of around 9.87%[19]. - The total equity attributable to shareholders decreased to RMB 3,805,856,243.32 from RMB 3,852,479,083.01, a decline of about 1.21%[19]. - The company's short-term borrowings rose significantly to RMB 228,000,000.00 from RMB 104,021,393.49, an increase of approximately 118.88%[18]. - The company's inventory increased to RMB 276,045,384.11 from RMB 248,963,134.01, reflecting a growth of about 10.93%[17]. - The company's accounts receivable decreased slightly to RMB 937,747,213.65 from RMB 964,636,574.14, a decline of approximately 2.79%[17]. - The company reported a decrease in total non-current assets to RMB 1,835,057,173.08 from RMB 1,853,539,371.86, a decline of about 1.00%[18]. - The company's total liabilities to equity ratio increased, indicating a higher leverage position compared to the previous period[19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,062[10]. - The largest shareholder, Xin'ao Energy Supply Chain Co., Ltd., held 42.19% of the shares, with 36,680,000 shares pledged[11]. - The weighted average return on equity was 14.52%, down from 19.39% in the previous year[5].