ZYD(SH:600610)2024-04-29 12:41Financial Performance - The company's operating revenue for Q1 2024 was CNY 285,780,519.72, representing a decrease of 12.30% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was a loss of CNY 10,392,198.44, with a basic and diluted earnings per share of -0.0097[5] - The net cash flow from operating activities was -CNY 21,681,992.00, reflecting a significant decline of 812.06%[5] - Total operating revenue for Q1 2024 was ¥285,780,519.72, a decrease of 12.3% compared to ¥325,861,894.61 in Q1 2023[20] - Net profit for Q1 2024 was a loss of ¥10,392,198.44, an improvement from a loss of ¥11,743,230.18 in Q1 2023, representing a 11.5% reduction in losses[21] - The total comprehensive income for Q1 2024 was a loss of ¥10,392,198.44, an improvement from a loss of ¥11,743,230.18 in Q1 2023[21] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to CNY 1,118,078,261.46, an increase of 1.21% from the end of the previous year[6] - As of March 31, 2024, the total assets of the company amounted to CNY 1,118,078,261.46, an increase from CNY 1,104,700,516.10 as of December 31, 2023, reflecting a growth of approximately 1.4%[16] - The company's total current assets reached CNY 430,005,313.68, up from CNY 400,270,016.07, indicating an increase of about 7.4%[17] - The company's total liabilities were CNY 1,104,777,236.12, compared to CNY 1,081,332,576.89, showing an increase of about 2.2%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 67,287[10] - The largest shareholder held 24.27% of the shares, amounting to 260,000,000 shares[11] - Shareholders' equity attributable to shareholders of the listed company decreased by 43.08% to CNY 13,301,025.34[6] - The company’s equity attributable to shareholders decreased from CNY 23,367,939.21 to CNY 13,301,025.34, indicating a decline of approximately 43%[18] Cash Flow and Financing - Cash flow from operating activities for Q1 2024 was a net outflow of ¥21,681,992.00, compared to a net inflow of ¥3,044,980.72 in Q1 2023[23] - Cash and cash equivalents at the end of Q1 2024 increased to ¥56,061,960.76 from ¥44,119,742.00 at the end of Q1 2023[24] - The company generated ¥74,145,489.39 in cash from financing activities in Q1 2024, compared to ¥71,687,348.42 in Q1 2023, reflecting a 6.4% increase[24] Operational Highlights - The company reported a significant decline in sales prices and quantities of alcoholic products due to weakened downstream demand[8] - The company reported a decrease in inventory from CNY 234,058,114.80 to CNY 222,774,712.07, which is a decline of about 4.8%[17] - The company completed the disposal of all assets related to Guizhou Zhongyida Construction Engineering Co., Ltd. and Shanghe Construction, with no actual gains reported from these disposals[15] - The company is actively monitoring the asset disposal progress of Shengyun Investment to ensure compliance with commitments and protection of shareholder rights[15] Expenses - Total operating costs for Q1 2024 were ¥295,136,300.56, down 12.5% from ¥337,480,391.58 in Q1 2023[20] - The company reported a decrease in sales expenses to ¥2,842,359.84 in Q1 2024 from ¥3,791,729.07 in Q1 2023, a reduction of 25.1%[20] - Research and development expenses for Q1 2024 were ¥2,619,696.05, down from ¥2,942,007.22 in Q1 2023, indicating a 10.9% decrease[20] Return on Assets - The weighted average return on net assets was -56.68%, a decrease of 48.12 percentage points compared to the previous year[5]