SOLAREAST(603366)2024-04-25 11:54Financial Performance - The company's operating revenue for Q1 2024 was ¥730,441,975.92, representing a decrease of 16.25% compared to the same period last year[3]. - Total revenue for Q1 2024 was ¥730,441,975.92, a decrease of 16.2% compared to ¥872,183,956.06 in Q1 2023[18]. - The net profit attributable to shareholders was a loss of ¥52,383,625.02, with a net profit excluding non-recurring items of ¥79,334,709.04[3]. - Net loss for Q1 2024 was ¥55,769,401.14, compared to a net loss of ¥12,773,349.87 in Q1 2023, representing a significant increase in losses[19]. - The total comprehensive loss for Q1 2024 was ¥55,770,465.09, compared to a loss of ¥11,303,632.90 in Q1 2023[19]. - The weighted average return on equity was -1.32%, a decrease of 1.03 percentage points compared to the previous year[3]. Cash Flow - The net cash flow from operating activities was negative at ¥270,744,488.64, indicating significant cash outflows during the quarter[3]. - Cash flow from operating activities showed a net outflow of ¥270,744,488.64 in Q1 2024, compared to a net outflow of ¥51,760,716.56 in Q1 2023[21]. - Cash flow from investing activities resulted in a net outflow of ¥109,681,693.89 in Q1 2024, contrasting with a net inflow of ¥84,808,425.44 in Q1 2023[22]. - Cash flow from financing activities generated a net inflow of ¥260,357,992.00 in Q1 2024, compared to ¥28,220,789.44 in Q1 2023[22]. - The ending cash and cash equivalents balance for Q1 2024 was ¥297,132,702.03, down from ¥394,765,899.16 in Q1 2023[22]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥6,986,646,111.38, down 1.20% from the end of the previous year[4]. - The company's current assets totaled RMB 2,850,237,867.65, down from RMB 2,928,733,186.36, indicating a decrease of about 2.7%[12]. - The company's total liabilities were RMB 2,999,618,709.91, slightly down from RMB 3,031,403,251.81, a reduction of about 1.0%[14]. - The total equity attributable to shareholders decreased to RMB 3,934,739,634.01 from RMB 3,985,644,297.29, a decline of approximately 1.3%[14]. - The company's inventory stood at RMB 871,350,324.71, down from RMB 894,677,105.62, reflecting a decrease of about 2.6%[12]. - The accounts receivable decreased to RMB 363,448,909.50 from RMB 388,772,211.71, indicating a decline of approximately 6.5%[12]. - The company's long-term equity investments remained stable at RMB 1,635,121,073.57, unchanged from the previous period[13]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,516[8]. - The largest shareholder, Sunrain Holding Group Co., Ltd., holds 56.76% of the shares[8]. - The company has not reported any significant changes in its major shareholders or their shareholdings during the reporting period[9]. Operating Costs and Expenses - Total operating costs for Q1 2024 were ¥816,026,997.40, down 9.0% from ¥897,407,678.71 in Q1 2023[18]. - Research and development expenses increased to ¥45,566,254.82 in Q1 2024, up 48.3% from ¥30,703,671.09 in Q1 2023[18]. Non-Recurring Items - The company reported non-recurring gains of ¥26,951,084.02, primarily from government subsidies and other non-operating income[6]. - The company reported a basic earnings per share of -¥0.0650 for Q1 2024, compared to -¥0.0134 in Q1 2023[20].