SHUNNA(000533)2024-04-29 08:58Financial Performance - The company achieved operating revenue of CNY 452,795,597.38 in Q1 2024, representing a year-on-year increase of 12.41%[5] - Net profit attributable to shareholders reached CNY 14,020,757.51, up 35.87% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,766,730.09, reflecting a 42.64% increase year-on-year[5] - The basic earnings per share were CNY 0.0203, an increase of 36.24% from the previous year[5] - The net profit for Q1 2024 was CNY 21,909,781.53, an increase of 43.3% compared to CNY 15,292,784.57 in Q1 2023[17] - Operating profit reached CNY 28,037,472.16, up 49.5% from CNY 18,783,802.42 in the same period last year[17] - Total comprehensive income for Q1 2024 was CNY 21,895,202.14, compared to CNY 15,344,481.14 in Q1 2023, marking a 42.5% increase[17] Cash Flow and Assets - The net cash flow from operating activities was CNY 42,046,860.74, a significant increase of 222.28% year-on-year[5] - The company reported a net cash flow from operating activities of CNY 42,046,860.74, a significant improvement from a negative cash flow of CNY 34,385,935.74 in the previous year[19] - Cash and cash equivalents increased to CNY 256,320,522.87 from CNY 178,900,672.17, representing a growth of 43.4%[13] - The company’s cash and cash equivalents at the end of the period were CNY 192,443,766.97, up from CNY 96,639,909.59 at the end of Q1 2023[20] - Total assets at the end of the reporting period were CNY 2,733,401,428.91, up 2.77% from the end of the previous year[5] - Total assets as of March 31, 2024, amounted to CNY 2,733,401,428.91, up from CNY 2,659,756,143.67, reflecting an increase of 2.8%[15] Liabilities and Equity - Total liabilities increased to CNY 1,793,053,033.33 from CNY 1,741,302,950.23, showing a rise of 3.0%[15] - Non-current liabilities totaled CNY 239,986,752.20, up from CNY 225,138,035.94, reflecting a growth of 6.6%[15] - The company's total equity increased to CNY 940,348,395.58 from CNY 918,453,193.44, representing a growth of 2.4%[15] - Shareholders' equity attributable to the parent company was CNY 789,399,934.24, an increase of 1.81% compared to the end of the previous year[5] Operational Insights - The company emphasized the recovery of supply and demand in the domestic economy as a key factor for growth[9] - The company has focused on optimizing credit management and improving cash collection from accounts receivable, contributing to increased cash inflow[9] - The company is committed to enhancing operational management capabilities and controlling expenses to support cost reduction and efficiency improvement[9] - Total operating costs for Q1 2024 were CNY 425,748,083.74, up from CNY 382,282,797.67 in the same period last year, reflecting a rise of 11.4%[16] Market Strategy - The company plans to expand its market presence and invest in new technologies to drive future growth[22] - Research and development expenses rose to CNY 19,471,226.41, an increase of 22.8% from CNY 15,840,998.20 in the previous year[17]