Summary by Moomoo AI
BEIJING JINGCHENG MECHANICAL AND ELECTRICAL CO., LTD. (“JINGCHENG ELECTRIC”) ISSUED ITS FIRST QUARTERLY REPORT FOR 2024. THE BOARD OF DIRECTORS ASSURES THAT THE CONTENT OF THE REPORT IS TRUE, ACCURATE, COMPLETE, FREE OF FALSE STATEMENTS OR MISLEADING STATEMENTS. The quarterly report was unaudited. The report showed that the Q1 revenue of Jingcheng Electric was RMB320,532,749.36, an increase of 16.68% year-on-year. However, the net profit attributable to the shareholders of the listed company was RMB -6,523,098.03, and the net cash flow generated by operating activities was RMB -53,158,582.98. As of the end of the reporting period, the Company's total assets were RMB2,903,984,439.44, an increase of 3.26% year-on-year. Keicheng Electric also reminded investors to keep an eye on the progress of the company's 2023 Restrictive Stock Incentive Program and to be mindful of investment risks. During the reporting period, the total number of shareholders of the company was 48,949, of which Beijing Jingcheng Electrical and Mechanical Holdings Limited had the highest shareholding ratio at 44.87%.