Tech-Bank(002124)2024-04-29 17:01Financial Performance - The company's revenue for Q1 2024 was ¥2,050,233,784.89, a decrease of 5.69% compared to ¥2,173,950,218.46 in the same period last year[5] - Net profit attributable to shareholders was ¥603,731,515.18, a significant increase of 190.95% from a loss of ¥663,780,161.59 in the previous year[5] - Basic earnings per share increased to ¥0.2717 from -¥0.3609, marking a growth of 175.28%[5] - Operating profit for Q1 2024 was CNY 605,554,306.97, compared to an operating loss of CNY 672,933,914.85 in the previous year[20] - The total comprehensive income for Q1 2024 was CNY 603,375,955.69, compared to a loss of CNY 664,490,651.66 in Q1 2023[20] Cash Flow - The net cash flow from operating activities was -¥1,800,092,563.11, representing a decrease of 832.18% compared to ¥245,854,537.22 in the same period last year[5] - Total cash inflow from operating activities was 2,449,827,341.68 CNY, down from 3,116,676,278.53 CNY in the previous year, representing a decline of approximately 21.4%[21] - Cash outflow from operating activities increased to 4,249,919,904.79 CNY, compared to 2,870,821,741.31 CNY in the same period last year, marking an increase of about 48%[21] - The net cash flow from investment activities for Q1 2024 was 1,514,952,366.56 CNY, compared to 351,528,662.69 CNY in Q1 2023, reflecting a substantial increase of around 330%[22] - The ending balance of cash and cash equivalents was 58,776,390.12 CNY, a significant drop from 738,486,076.05 CNY at the end of Q1 2023[22] Assets and Liabilities - Total assets decreased by 12.88% to ¥14,978,906,432.86 from ¥17,194,018,853.30 at the end of the previous year[5] - Total liabilities decreased to CNY 12,094,244,288.82 from CNY 14,912,732,664.95, a reduction of 18.83%[18] - The company's equity attributable to shareholders increased to CNY 2,820,955,081.50 from CNY 2,216,842,160.09, marking a growth of 27.19%[18] - Cash and cash equivalents decreased by 77.14% primarily due to payments made during the reporting period[9] - The total current assets decreased from CNY 3,625,107,591.57 to CNY 2,813,592,746.63, a reduction of approximately 22.4%[15] Investments - The company reported a significant increase in investment income of 58,351.49% due to the disposal of a 32.91% stake in a subsidiary[9] - The company experienced a 66.75% reduction in long-term equity investments due to the disposal of shares in a subsidiary[9] - Long-term equity investments fell from CNY 1,370,650,647.10 to CNY 455,756,333.28, a decline of approximately 66.7%[16] Research and Development - Research and development expenses for Q1 2024 were CNY 9,597,898.18, up from CNY 8,599,877.77 in the previous year, indicating a focus on innovation[19] Other Observations - The company did not disclose any new product developments or market expansion strategies in the provided content[15] - The company has not undergone an audit for the Q1 2024 report[23]