SCC(002916)2024-04-15 12:21Financial Performance - Revenue for the first quarter of 2024 reached 3,961,013,853.78 yuan, a 42.24% increase compared to the same period last year[3] - Net profit attributable to shareholders of the listed company was 379,571,805.82 yuan, up 83.88% year-on-year[3] - Revenue for the first quarter of 2024 reached 3,961,013,853.78 RMB, a significant increase from 2,784,716,084.29 RMB in the same period last year[14] - Net profit attributable to the parent company's owners increased to 379.57 million yuan, up by 83.8% compared to the same period last year[15] - Sales revenue from goods and services reached 3.61 billion yuan, a 10.0% increase from the previous year[17] - Operating profit rose to 407.57 million yuan, marking a 94.5% growth compared to the same period last year[15] - Basic earnings per share increased to 0.74 yuan, up by 85.0% from the previous year[16] - Comprehensive income attributable to the parent company's owners reached 379.04 million yuan, an 83.8% increase from the previous year[16] R&D and Expenses - R&D expenses increased by 103.58% to 337,678,460.65 yuan, driven by higher salary expenses, material costs, and depreciation[7] - R&D expenses surged to 337.68 million yuan, a 103.6% increase year-over-year[15] - Payments to employees increased to 906.28 million yuan from 825.19 million yuan, a rise of 9.8%[18] Government Subsidies and Non-Recurring Gains - Government subsidies contributed 47,150,704.40 yuan to non-recurring gains, significantly impacting the company's financial performance[4] Assets and Liabilities - The company's total assets grew by 3.24% to 23,339,150,045.51 yuan compared to the end of the previous year[3] - Total assets for the company stood at 23,339,150,045.51 RMB, up from 22,606,867,760.88 RMB[13] - Total liabilities increased to 9,773,574,618.77 RMB from 9,419,958,394.54 RMB[14] - Shareholders' equity rose to 13,565,575,426.74 RMB from 13,186,909,366.34 RMB[14] - Long-term loans increased to 2,499,816,562.51 RMB from 2,406,626,682.10 RMB[14] - Other receivables grew to 40,489,390.72 RMB from 35,242,824.60 RMB[13] - Deferred tax assets increased to 280,128,827.70 RMB from 272,382,652.55 RMB[13] - Other non-current assets rose to 330,969,912.22 RMB from 205,136,023.84 RMB[13] Cash Flow and Financial Activities - Cash flow from operating activities decreased by 18.38% to 562,835,154.99 yuan, primarily due to changes in working capital[3] - Cash flow from operating activities totaled 3.80 billion yuan, reflecting a 10.3% increase year-over-year[17] - Operating cash flow decreased to 562.84 million yuan from 689.57 million yuan, a decline of 18.4%[18] - Investment cash outflow decreased to 724.57 million yuan from 2.38 billion yuan, a significant reduction of 69.5%[18] - Financing cash inflow decreased to 106.03 million yuan from 115.78 million yuan, a decline of 8.4%[18] - Net cash flow from financing activities improved to 81.85 million yuan from a negative 639.92 million yuan[18] - Cash and cash equivalents at the end of the period were 851.22 million yuan, down from 863.03 million yuan at the beginning of the period[18] - Net cash flow from investment activities improved to -653.21 million yuan from -1.09 billion yuan[18] Tax and Surcharges - Tax payments surged by 96.66% to 188,107,790.48 yuan, driven by higher corporate income tax and VAT payments[8] - Tax and surcharges amounted to 30.31 million yuan, a 78.1% increase compared to the same period last year[15] - Tax payments increased to 188.11 million yuan from 95.65 million yuan, a significant rise of 96.7%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 54,609[9] - AVIC International Holding Limited holds 63.97% of the shares, totaling 328,068,670 shares[9] - Hong Kong Securities Clearing Company Limited holds 1.89% of the shares, totaling 9,678,952 shares[9] - National Integrated Circuit Industry Investment Fund Phase II holds 0.54% of the shares, totaling 2,787,585 shares[9] - Li Xuehong, an individual domestic shareholder, holds 0.48% of the shares, totaling 2,483,609 shares[9] Financial Assets and Receivables - The company's equity financing receivables increased by 33.70% to 748,397,810.45 yuan, reflecting higher bank acceptance bills[6] - The monetary funds at the end of the period amount to RMB 853,164,583.33[12] - Accounts receivable at the end of the period amount to RMB 3,367,044,485.50[12] - The company's notes receivable at the end of the period amount to RMB 200,851,217.33[12] - The company's financial assets at the end of the period amount to RMB 748,397,810.45[12] - Prepayments at the end of the period amount to RMB 4,332,270.57[12] Other Financial Metrics - The company's prepayments for engineering projects increased by 61.34% to 330,969,912.22 yuan, reflecting ongoing expansion efforts[6] - The company's financial expenses turned negative at -12,979,051.35 yuan, a 171.31% decrease, mainly due to favorable exchange rate fluctuations[7] - Financial expenses showed a net benefit of 12.98 million yuan, compared to a cost of 18.20 million yuan in the previous year[15] - Other income increased to 65.38 million yuan, up by 61.8% year-over-year[15] - Inventory increased to 2,747,957,755.49 RMB from 2,686,348,293.78 RMB[13] - Cash outflow for purchasing fixed assets decreased to 653.75 million yuan from 780.21 million yuan, a decline of 16.2%[18] Audit and Reporting - The company's first-quarter report was not audited[19]