SIPG(600018)2024-04-29 08:26Financial Performance - The company's operating revenue for Q1 2024 was CNY 8,951,113,976.05, representing a year-on-year increase of 17.03%[4] - The net profit attributable to shareholders for the same period was CNY 3,696,452,941.08, reflecting a growth of 4.10% compared to the previous year[4] - The basic earnings per share for Q1 2024 was CNY 0.1595, up by 4.11% year-on-year[4] - The diluted earnings per share was CNY 0.1592, reflecting a 3.92% increase compared to the same period last year[4] - Total operating revenue for Q1 2024 reached RMB 8,951,113,976.05, an increase of 17.0% compared to RMB 7,648,688,921.62 in Q1 2023[15] - Net profit for Q1 2024 was RMB 3,979,295,050.40, representing a 6.4% increase from RMB 3,739,569,246.64 in Q1 2023[16] - Total comprehensive income for Q1 2024 was RMB 3,940,789,615.15, compared to RMB 3,654,111,100.50 in Q1 2023, indicating a growth of 7.9%[17] Cash Flow - The net cash flow from operating activities decreased by 29.54%, amounting to CNY 2,177,225,420.62[4] - Cash flow from operating activities for Q1 2024 was RMB 2,177,225,420.62, a decrease of 29.5% from RMB 3,090,140,653.74 in Q1 2023[18] - The cash inflow from operating activities totaled approximately ¥8.57 billion in Q1 2024, down from ¥9.55 billion in Q1 2023[26] - The net cash flow from investment activities was -1,885,017,328.21 RMB, compared to -1,379,143,850.14 RMB in the previous year, indicating a significant increase in cash outflow[19] - The company experienced a net cash outflow from investing activities of approximately ¥2.20 billion in Q1 2024, compared to a net inflow of approximately ¥199.84 million in Q1 2023[27] Assets and Liabilities - The total assets at the end of Q1 2024 reached CNY 206,264,487,781.87, a 1.32% increase from the end of the previous year[5] - The total liabilities decreased to CNY 65.44 billion from CNY 67.39 billion, indicating a reduction of approximately 2.89%[13] - The company's total assets amounted to 133,112,514,424.45 RMB, up from 129,868,287,737.35 RMB at the end of 2023[21] - The company's total liabilities increased to 43,461,550,429.83 RMB from 41,894,646,963.82 RMB year-over-year[21] Shareholder Equity - The equity attributable to shareholders increased by 2.96% to CNY 126,819,035,257.40 compared to the end of the previous year[5] - The company's equity attributable to shareholders rose to CNY 126.82 billion, compared to CNY 123.18 billion, marking an increase of about 2.14%[13] - The total equity of the company reached 89,650,963,994.62 RMB, compared to 87,973,640,773.53 RMB in the previous year[22] Expenses and Costs - Total operating costs for Q1 2024 were RMB 6,459,650,579.02, up 15.0% from RMB 5,617,501,408.43 in Q1 2023[15] - The company reported a decrease in sales expenses to RMB 12,482,773.95 in Q1 2024 from RMB 34,673,925.18 in Q1 2023, a reduction of 64.0%[15] - The company’s tax expenses for Q1 2024 were RMB 745,239,688.10, an increase of 29.5% from RMB 575,580,625.72 in Q1 2023[16] - The company reported a significant increase in management expenses, which rose to approximately ¥346.13 million in Q1 2024, compared to ¥192.62 million in Q1 2023, marking an increase of 80%[23] Other Financial Metrics - Non-recurring gains and losses totaled CNY 405,032,362.17 for the quarter, primarily from the disposal of non-current assets[6] - The weighted average return on equity was 2.9572%, a decrease of 0.1795 percentage points compared to the previous year[4] - Investment income for Q1 2024 was RMB 1,656,691,307.48, down 17.7% from RMB 2,011,881,043.47 in Q1 2023[16] - The company recorded investment income of approximately ¥732.24 million in Q1 2024, a decrease from ¥1.81 billion in Q1 2023[23]