XIAC(SH:600897)2024-04-29 14:27Financial Performance - The company's operating revenue for Q1 2024 was CNY 456,238,555.78, representing a year-on-year increase of 20.32%[5] - The net profit attributable to shareholders for Q1 2024 was CNY 121,265,751.50, reflecting a significant increase of 64.04% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 95,821,401.67, which is an increase of 58.21% year-on-year[5] - The basic earnings per share for Q1 2024 was CNY 0.29, up by 17.17% year-on-year[5] - The company reported a net profit margin improvement due to increased revenue and controlled costs, although specific profit figures were not disclosed in the provided content[17] - The company's net profit for Q1 2024 reached ¥129,038,222.95, a significant increase of 63.3% compared to ¥79,029,088.53 in Q1 2023[18] - Operating profit for Q1 2024 was ¥165,079,324.92, up 57.9% from ¥104,445,249.20 in the same period last year[18] - Total revenue from sales and services in Q1 2024 was ¥463,285,022.04, representing a 59.7% increase from ¥290,315,537.11 in Q1 2023[21] Cash Flow and Assets - The net cash flow from operating activities reached CNY 113,102,850.22, showing a remarkable increase of 647.72% compared to the previous year[5] - The net cash flow from operating activities for Q1 2024 was ¥113,102,850.22, compared to ¥15,126,381.47 in Q1 2023, indicating a substantial improvement[22] - The company's cash and cash equivalents stood at RMB 142,452,411.32, slightly up from RMB 139,751,829.38 at the end of 2023[14] - Cash and cash equivalents at the end of Q1 2024 totaled ¥140,952,411.32, down from ¥302,415,531.99 at the end of Q1 2023[23] - The company experienced a net cash outflow from investing activities of ¥95,175,649.10 in Q1 2024, compared to a net inflow of ¥255,317,138.91 in Q1 2023[22] Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 5,500,779,120.29, an increase of 1.27% from the end of the previous year[6] - As of March 31, 2024, total assets amounted to RMB 5,500,779,120.29, compared to RMB 5,432,040,364.07 at the end of 2023, showing a growth of 1.3%[16] - Total current assets reached RMB 2,792,621,488.77, an increase from RMB 2,668,340,119.49 as of December 31, 2023, representing a growth of 4.7%[14] - The total liabilities decreased to RMB 965,916,082.61 from RMB 1,026,215,549.34, indicating a reduction of 5.9%[16] - The equity attributable to shareholders increased to RMB 4,268,041,578.33 from RMB 4,146,775,826.83, marking a rise of 2.9%[16] Operational Efficiency - The company reported a significant increase in operational efficiency, with revenue growth outpacing cost increases, leading to improved net profit margins[8] - The total operating costs for Q1 2024 were RMB 328,834,984.91, up from RMB 288,721,560.75 in Q1 2023, reflecting an increase of 13.9%[17] - The weighted average return on equity was 2.88%, an increase of 0.97 percentage points compared to the previous year[5] Other Information - Non-recurring gains and losses for the period totaled CNY 25,444,349.83 after tax adjustments[7] - The company has not disclosed any new product launches or significant market expansion plans during this reporting period[12] - There were no changes in the top 10 shareholders or any significant related party transactions reported[11] - The company incurred a financial expense of ¥1,470,627.67 in Q1 2024, compared to ¥1,077,769.35 in Q1 2023, reflecting increased borrowing costs[18] - The tax expense for Q1 2024 was ¥37,272,758.27, an increase from ¥26,181,949.77 in Q1 2023, correlating with higher profits[18]