Senior(SZ:300568)2024-04-17 13:44Financial Performance - The company's revenue for Q1 2024 was ¥714,664,270.19, representing a 7.51% increase compared to ¥664,728,704.86 in the same period last year[3]. - Net profit attributable to shareholders decreased by 41.45% to ¥107,110,892.18 from ¥182,926,962.40 year-on-year[3]. - The company's basic earnings per share decreased by 42.86% to ¥0.08 from ¥0.14 in the same period last year[3]. - The net profit for Q1 2024 was CNY 105,999,165.84, a decrease of 43.5% compared to CNY 187,617,083.16 in the same period last year[18]. - The total operating profit was CNY 124,698,906.71, a decrease of 42.6% from CNY 217,553,084.83 in Q1 2023[18]. - The company recorded a total comprehensive income of CNY 129,931,242.94, compared to CNY 185,680,766.70 in the previous year, indicating a decline of 30.1%[18]. Cash Flow and Investments - The net cash flow from operating activities was ¥130,667,714.74, down 19.06% from ¥161,447,637.47 in the previous year[8]. - The net cash flow from financing activities surged by 363.80% to ¥1,282,031,055.59, attributed to increased borrowings[8]. - The cash flow from operating activities was CNY 130,667,714.74, a decrease of 19.1% from CNY 161,447,637.47 in the same quarter last year[20]. - The net cash flow from investing activities was -1,304,425,881.05 CNY, compared to -782,309,016.43 CNY in the previous year[21]. - The total cash inflow from financing activities was 2,236,491,188.65 CNY, significantly higher than 1,095,594,081.54 CNY in the same period last year[21]. - The cash received from borrowings was 1,895,217,932.95 CNY, compared to 1,056,738,232.30 CNY in the previous year[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥18,929,413,670.68, an increase of 5.48% from ¥17,945,459,624.58 at the end of the previous year[3]. - Non-current liabilities totaled CNY 4,929,971,135.36, an increase of 24.4% from CNY 3,964,513,949.13 in the previous year[17]. - The total liabilities increased to CNY 8,835,871,155.43, compared to CNY 7,986,683,037.40 in the previous year, marking a rise of 10.6%[17]. - The company's total assets reached CNY 18,929,413,670.68, compared to CNY 17,945,459,624.58 in the same period last year, reflecting a growth of 5.5%[17]. Shareholder and Governance - The company has appointed a new board of directors and senior management team as of January 11, 2024, to enhance governance and operational efficiency[14]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder holding 63,424,000 shares, representing a substantial stake[11]. - The company is actively managing its shareholding structure, with specific plans for the release of restricted shares in the coming months[13]. - The company has not disclosed any related party relationships among its major shareholders[12]. Expenses and Costs - The company reported a significant increase in management expenses by 44.47% to ¥69,693,043.75, mainly due to rising employee compensation[7]. - The total operating costs for Q1 2024 were CNY 603,303,512.26, up 27.4% from CNY 473,360,034.61 in Q1 2023[17]. - Research and development expenses amounted to CNY 55,488,111.96, up from CNY 51,548,952.13, reflecting a year-over-year increase of 7.5%[18]. - The company incurred financial expenses of CNY 6,156,570.63, slightly up from CNY 6,150,293.59 in the previous year[18]. Inventory and Receivables - The company's inventory increased to CNY 473,704,720.97, a rise of 19.4% from CNY 396,863,910.72 year-over-year[16]. - The company's accounts receivable decreased to CNY 1,474,337,851.63 from CNY 1,593,747,443.57, indicating a reduction of about 7.5%[15]. - The company held CNY 236,036,832.12 in notes receivable, up from CNY 179,501,340.60, reflecting an increase of about 31.5%[15]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1].