ZEHO ECO(SH:605069)2024-04-29 13:17Financial Performance - The company's operating revenue for Q1 2024 was ¥76,719,163.39, representing a decrease of 13.66% compared to the same period last year[5]. - The net profit attributable to shareholders for Q1 2024 was ¥34,719,199.09, with a significant increase of 272.54% year-on-year due to increased long-term receivables recovery and reversal of credit loss provisions[9]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.16, reflecting a year-on-year increase of 264.00%[9]. - The weighted average return on equity for Q1 2024 was 3.27%, which is a 400.00% increase compared to the previous year[9]. - The company reported a net loss of RMB 64,667,569.68, an improvement from a net loss of RMB 99,386,768.77 in the previous period[16]. - Total operating revenue for Q1 2024 was ¥76,719,163.39, a decrease of 13.7% compared to ¥88,854,219.72 in Q1 2023[19]. - Net profit for Q1 2024 was ¥36,075,902.15, compared to a net loss of ¥24,450,269.17 in Q1 2023, marking a significant turnaround[20]. - The company reported a total profit of ¥36,047,323.95 in Q1 2024, contrasting with a total loss of ¥24,442,732.51 in Q1 2023[20]. Cash Flow and Liquidity - The net cash flow from operating activities reached ¥49,144,528.17, showing a remarkable increase of 739.46% compared to the previous year[6]. - The company's cash inflow from operating activities was ¥178,734,423.44 in Q1 2024, compared to ¥162,324,309.12 in Q1 2023, indicating a positive trend[21]. - In Q1 2024, the company reported a net cash flow from operating activities of ¥11,358,243.90, a significant improvement compared to a net outflow of ¥7,255,656.34 in Q1 2023[28]. - Cash inflow from operating activities totaled ¥145,512,085.49 in Q1 2024, while cash outflow was ¥134,153,841.59, resulting in a positive cash flow[28]. - The company's cash and cash equivalents increased to RMB 93,679,428.02 from RMB 58,793,222.61, representing a growth of approximately 59.4%[14]. - Cash and cash equivalents at the end of Q1 2024 totaled ¥70,816,109.62, compared to ¥137,575,190.57 at the end of Q1 2023[22]. - The company's cash and cash equivalents at the end of Q1 2024 stood at ¥46,548,634.11, down from ¥112,324,742.79 at the end of Q1 2023[30]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥3,563,107,087.07, a slight decrease of 0.41% from the end of the previous year[6]. - The company's total liabilities decreased to RMB 2,342,060,628.94 from RMB 2,392,866,149.93, showing a decline of about 2.1%[16]. - The total current liabilities decreased to RMB 1,363,403,912.18 from RMB 1,410,646,115.21, reflecting a reduction of approximately 3.3%[16]. - The company's accounts receivable decreased to RMB 785,051,163.96 from RMB 898,203,791.25, indicating a decline of about 12.6%[14]. - The company's total equity increased to CNY 1,033,250,860.75 from CNY 1,008,240,119.95, reflecting a growth of approximately 2.5%[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,532[10]. - The top shareholder, Beijing Huiheng Investment Co., Ltd., holds 38.82% of the shares, with 82,175,600 shares pledged[11]. - Shareholders' equity attributable to the parent company increased by 3.32% to ¥1,080,104,488.68 compared to the end of the previous year[6]. Research and Development - Research and development expenses decreased to ¥3,981,151.48 in Q1 2024 from ¥14,283,615.73 in Q1 2023, a reduction of 72%[19]. - Research and development expenses for the first quarter of 2024 were CNY 3,320,833.20, down 70.4% from CNY 11,228,011.24 in the first quarter of 2023[26]. Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in the current report[13]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[27].