S.C(300724)2024-04-26 10:35Financial Performance - The company's revenue for Q1 2024 reached ¥2,578,831,873.96, representing a 33.53% increase compared to ¥1,931,316,499.08 in the same period last year[4] - Net profit attributable to shareholders was ¥578,365,713.95, up 71.93% from ¥336,398,453.66 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥551,351,967.44, reflecting an 85.54% increase from ¥297,161,158.21 in the previous year[4] - Basic earnings per share increased to ¥1.66, a rise of 71.13% from ¥0.97 in the previous year[4] - Operating profit for the quarter was CNY 681,511,104.71, a 79.9% increase from CNY 378,380,967.50 in Q1 2023[22] - Total comprehensive income for the period was CNY 579,694,371.98, up from CNY 336,331,891.05 in Q1 2023[22] - The company reported a total operating cost of CNY 1,969,440,535.97, which is a 21.4% increase from CNY 1,622,321,674.96 in Q1 2023[21] Cash Flow - The company reported a significant decline in net cash flow from operating activities, amounting to -¥132,369,623.45, compared to ¥1,132,124,144.15 in the same quarter last year, a decrease of 111.69%[8] - Cash inflow from operating activities totaled 1,853,446,721.69 CNY, down from 2,743,163,840.20 CNY year-over-year[24] - Cash outflow from operating activities increased to 1,985,816,345.14 CNY, compared to 1,611,039,696.05 CNY in Q1 2023[24] - The net cash flow from investing activities was -11,439,187.03 CNY, an improvement from -376,503,024.97 CNY in the previous year[24] - Cash inflow from investing activities reached 2,599,851,197.92 CNY, up from 2,125,644,940.00 CNY year-over-year[24] - Cash outflow from investing activities increased to 2,631,868,512.86 CNY, compared to 2,511,944,328.26 CNY in Q1 2023[24] - The net cash flow from financing activities was -21,935,753.83 CNY, a decline from 205,552,533.33 CNY in the same quarter last year[25] - The ending balance of cash and cash equivalents was 4,678,187,187.69 CNY, down from 4,769,632,228.74 CNY at the end of Q1 2023[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥39,151,671,714.56, a slight increase of 0.05% from ¥39,133,644,853.94 at the end of the previous year[4] - The company's total liabilities decreased from RMB 30,382,154,758.57 to RMB 29,812,187,367.45 during the same period[19] - The company's cash and cash equivalents decreased from RMB 5,230,222,142.49 to RMB 4,916,676,936.09[18] - Accounts receivable increased from RMB 2,918,121,514.47 to RMB 3,012,980,017.92, indicating a growth in sales or credit terms[18] - Inventory increased from RMB 21,282,119,984.13 to RMB 22,143,529,256.84, reflecting potential growth in production or sales[18] Shareholder Structure - The company had a total of 45,530 common shareholders at the end of the reporting period[9] - The top three shareholders held 8.43%, 7.51%, and 7.25% of the shares, respectively, indicating a concentrated ownership structure[9] - The company reported a total of 8,545,015 shares held by the top shareholder, accounting for 2.45% of the total shares[10] - The second largest shareholder holds 6,596,698 shares, representing 1.89% of the total shares[10] - The company has a total of 22,002,324 restricted shares held by executives, which will be released at a rate of 25% annually[14] - The total number of shares held by the top 10 shareholders is significant, with the largest shareholder holding 14,225,326 shares[10] - The company has seen a change in the number of shares due to the transfer and return of borrowed shares, with 262,900 shares newly borrowed by a major shareholder[13] - The total number of shares held by the top 10 unrestricted shareholders has also changed, reflecting market dynamics[12] - The company has a total of 74,745,744 restricted shares, with 713,590 shares released during the reporting period[15] - The company’s major shareholders include several institutional investors, indicating strong institutional interest[10] - The company’s stock performance and shareholder structure suggest a stable investment environment[10] - The company is focused on maintaining a balanced shareholder structure while managing executive share restrictions effectively[14] Research and Development - Research and development expenses rose to ¥149,226,390.04, an increase of 81.39% compared to ¥82,268,904.90 in the same period last year, indicating a focus on innovation[8] - The company plans to continue investing in new technologies and market expansion strategies to sustain growth in the upcoming quarters[23] Share Repurchase - The company approved a share repurchase plan with a total fund of no less than RMB 50 million and no more than RMB 100 million, with a maximum repurchase price of RMB 120.00 per share[17] - As of March 29, 2024, the company repurchased a total of 840,100 shares, accounting for 0.24% of the total share capital, with a total payment of RMB 65,979,209.64[17] Other - The company terminated the issuance of convertible bonds to unspecified objects, as approved in the board meeting on January 11, 2024[16] - The company plans to lift the trading restrictions on 208,840 shares of restricted stock on January 26, 2024, for 105 eligible incentive recipients[16] - The company reported a significant increase in cash paid to employees, totaling 315,798,549.16 CNY, compared to 242,904,977.10 CNY in Q1 2023[24]