UTour (SZ:002707)2024-04-29 13:33Revenue and Profitability - The company's revenue for Q1 2024 reached ¥1,024,679,095.26, a significant increase of 643.38% compared to ¥137,839,932.79 in the same period last year[4] - Net profit attributable to shareholders was ¥28,045,335.44, marking a turnaround from a loss of ¥37,499,476.33 in the previous year, representing a growth of 174.79%[4] - Basic and diluted earnings per share were both ¥0.029, a recovery from a loss of ¥0.038 per share in the previous year, indicating a growth of 176.32%[4] - The net profit for the first quarter of 2024 was CNY 27,769,316.26, compared to a net loss of CNY 39,929,264.32 in the previous year, indicating a turnaround in profitability[16] - Operating profit for the first quarter was CNY 27,294,162.95, a recovery from an operating loss of CNY 41,816,390.89 in the same quarter last year[16] - The company reported a total comprehensive income of CNY 31,292,037.87 for the first quarter, compared to a comprehensive loss of CNY -41,159,931.67 in the same period last year[16] Cash Flow and Financial Position - The net cash flow from operating activities improved to ¥121,676,183.33, compared to a negative cash flow of ¥89,401,232.65 in the same period last year, reflecting a 236.10% increase[4] - The company's cash and cash equivalents decreased to RMB 567,003,505.90 from RMB 640,502,015.18, a decline of approximately 11.5%[11] - The cash and cash equivalents at the end of the period were CNY 554,395,614.45, compared to CNY 499,461,863.50 at the end of the previous year[18] - The company reported a total investment cash inflow of CNY 12,400,552.53, compared to CNY 2,379,351.02 in the previous year, indicating increased investment activity[18] Operating Costs and Expenses - Operating costs also surged to ¥872,099,308.48, up 630.67% from ¥119,356,620.57, driven by increased business activity[7] - The company incurred total expenses of CNY 85,264,658.21 in sales expenses, up from CNY 32,038,075.89 in the previous year, reflecting increased marketing efforts[16] - The company experienced a 166.14% increase in selling expenses, totaling ¥85,264,658.21, due to higher personnel salaries and office expenses[7] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,371,795,495.80, a decrease of 1.60% from ¥2,410,373,263.98 at the end of the previous year[4] - Total current assets increased slightly to RMB 1,358,695,340.83 from RMB 1,350,871,011.72, showing a growth of approximately 0.3%[12] - Total liabilities decreased to RMB 1,824,682,781.98 from RMB 1,894,552,588.03, a decline of about 3.7%[13] - The company's total assets decreased to RMB 2,371,795,495.80 from RMB 2,410,373,263.98, reflecting a decrease of approximately 1.6%[13] Shareholder Equity and Investments - Shareholders' equity attributable to the parent company increased by 4.21% to ¥780,233,158.83 from ¥748,713,696.82 at the end of the previous year[4] - The company reported a significant increase in prepayments, which rose by 50.00% to ¥373,470,140.96, attributed to a rapid growth in business volume[7] - The company’s financial expenses increased to CNY 14,089,064.34 from CNY 8,403,298.03, primarily due to higher interest expenses[16] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[12]