SUMEC(600710)2024-04-25 11:14Financial Performance - The company's operating revenue for Q1 2024 was approximately ¥23.74 billion, representing a decrease of 23.41% compared to the same period last year[2]. - The net profit attributable to shareholders was approximately ¥265.87 million, an increase of 5.09% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥231.24 million, reflecting a growth of 4.85% compared to the previous year[2]. - The basic and diluted earnings per share were both ¥0.20, with a year-over-year increase of 5.26%[2]. - The net profit for Q1 2024 was CNY 672,799,973.90, an increase of 4.9% compared to CNY 641,591,011.82 in Q1 2023[14]. - The operating profit for Q1 2024 was CNY 2,021,218.21, compared to CNY 1,883,466.05 in the same period last year, indicating a growth of about 7.34%[24]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at approximately -¥2.32 billion, indicating a significant cash outflow[2]. - The net cash flow from operating activities was -CNY 2,315,324,161.27, worsening from -CNY 1,033,724,874.54 in Q1 2023[16]. - Cash and cash equivalents at the end of Q1 2024 were CNY 8,641,058,521.86, down from CNY 11,696,936,520.05 at the end of Q1 2023[17]. - The cash flow from operating activities showed a net outflow of CNY -64,058.65, an improvement from CNY -378,622.73 in Q1 2023[26]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥56.25 billion, an increase of 7.54% from the end of the previous year[2]. - Current assets increased to CNY 46.56 billion in Q1 2024, up from CNY 42.51 billion in Q4 2023, representing an increase of 9.6%[9]. - Total liabilities increased to CNY 42.53 billion in Q1 2024, up from CNY 39.13 billion in Q4 2023, reflecting a growth of 6.1%[10]. - The company's total assets reached CNY 56.25 billion in Q1 2024, up from CNY 52.31 billion in Q4 2023, an increase of 7.7%[11]. - The equity attributable to shareholders was approximately ¥7.11 billion, up by 3.20% compared to the previous year[2]. - The equity attributable to shareholders increased to CNY 7.11 billion in Q1 2024, compared to CNY 6.88 billion in Q4 2023, a rise of 3.3%[11]. Operating Costs and Expenses - Total operating costs for Q1 2024 were CNY 23.04 billion, down 24.1% from CNY 30.33 billion in Q1 2023[13]. - The company reported a decrease in research and development expenses to CNY 117.21 million in Q1 2024 from CNY 116.67 million in Q1 2023, a slight reduction[13]. - The management expenses increased to CNY 379,641.51 from CNY 370,849.43 in Q1 2023, reflecting a rise of approximately 2.14%[24]. Other Income and Gains - Non-recurring gains and losses totaled approximately ¥34.63 million for the period, with significant contributions from government subsidies and asset disposals[4]. - The company reported other income of CNY 150,695.07, an increase from CNY 118,602.23 in Q1 2023[24]. - The investment income for Q1 2024 was CNY 2,080,960.07, slightly down from CNY 2,113,092.29 in the same quarter last year[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,379[6]. - The company incurred a net cash outflow from investing activities of -CNY 183,429,409.69, compared to a net inflow of CNY 120,971,928.71 in the previous year[17].