CFHI(SH:601106)2024-04-29 15:02Financial Performance - The company's operating revenue for Q1 2024 was CNY 3,582,416,393.37, representing a decrease of 20.33% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was a loss of CNY 129,062,103.36, a decline of 446.16% year-on-year[4] - The net profit excluding non-recurring gains and losses was a loss of CNY 145,200,103.33, a decline of 1,332.18% year-on-year[4] - The net loss for Q1 2024 was approximately RMB 133.55 million, compared to a net profit of RMB 39.95 million in Q1 2023[19] - Basic and diluted earnings per share for Q1 2024 were both -0.0188 RMB, compared to 0.0054 RMB in Q1 2023[20] Cash Flow - The net cash flow from operating activities was a negative CNY 61,945,677.32, down 86.42% year-on-year[4] - Cash flow from operating activities for Q1 2024 was negative RMB 61.95 million, an improvement from negative RMB 475.80 million in Q1 2023[21] - The net cash flow from investing activities was -145,304,782.24, compared to -24,188,125.89 in the previous year[22] - The net cash flow from financing activities was 668,173,656.32, down from 1,080,854,828.56 in the previous year[22] - The company reported a cash increase of 457,486,521.13 during the quarter, compared to an increase of 580,868,265.09 in the previous year[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 41,545,425,561.08, an increase of 3.88% from the end of the previous year[5] - Current assets totaled CNY 27,395,418,547.28, up from CNY 25,765,176,512.60, indicating an increase of about 6.3%[15] - Total liabilities reached CNY 32,532,403,022.96, up from CNY 30,851,329,189.65, representing an increase of approximately 5.5%[16] - The company's total equity decreased to CNY 9,013,022,538.12 from CNY 9,143,362,894.94, a decline of about 1.4%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 247,330[11] - The largest shareholder, China First Heavy Industries Group Co., Ltd., holds 63.88% of the shares, with 2,140,000,000 shares pledged[11] Expenses - Research and development expenses decreased by 20.39% due to a reduction in investment based on operational conditions[8] - Sales expenses decreased to approximately RMB 8.43 million in Q1 2024 from RMB 54.19 million in Q1 2023, a reduction of 84.4%[18] - Management expenses for Q1 2024 were approximately RMB 165.64 million, down from RMB 208.07 million in Q1 2023[18] Other Financial Metrics - The weighted average return on net assets decreased by 1.4222 percentage points to -1.1043%[5] - The company experienced a foreign exchange loss of -3,436,675.63 affecting cash and cash equivalents[22] - The company did not apply new accounting standards or interpretations for the first time in 2024[22]