SUNWARD(002097)2024-10-30 10:15Financial Performance - The company's operating revenue for Q1 2024 was ¥1,662,106,001.44, a decrease of 6.87% compared to ¥1,784,718,349.19 in the same period last year[2] - Net profit attributable to shareholders was ¥20,634,278.61, down 44.20% from ¥36,977,568.37 in the previous year[2] - The company reported a basic earnings per share of ¥0.0192, a decrease of 43.53% from ¥0.0340 in the previous year[2] - Total comprehensive income for Q1 2024 was CNY 14,852,430.63, compared to CNY 17,763,490.48 in the previous year[16] Cash Flow - The net cash flow from operating activities improved by 34.39%, reaching -¥465,688,797.00 compared to -¥709,789,081.96 in the same period last year[2] - The total cash outflow from operating activities was 1,749,856,288.01 CNY, down from 2,191,600,482.68 CNY, showing a reduction of 20.1%[17] - The company reported a cash inflow of 130,973,830.25 CNY from other operating activities, an increase from 94,599,033.39 CNY, representing a growth of 38.3%[17] - Cash inflow from financing activities totaled 1,563,796,727.96 CNY, compared to 2,169,143,275.95 CNY in the prior period, reflecting a decrease of 27.9%[18] - The net cash flow from financing activities was 367,685,319.73 CNY, significantly lower than 1,365,608,854.63 CNY from the previous period, marking a decline of 73.0%[18] Assets and Liabilities - Total assets increased by 1.74% to ¥21,255,444,581.94 from ¥20,891,162,290.01 at the end of the previous year[2] - Total liabilities as of March 31, 2024, amounted to CNY 16,475,682,424.36, an increase of 2.14% from CNY 16,129,872,571.45 at the beginning of the year[14] - Current liabilities totaled CNY 9,284,619,746.65, up 7.43% from CNY 8,642,167,252.64 at the beginning of the year[14] - The company's total equity as of March 31, 2024, was CNY 4,779,762,157.58, slightly up from CNY 4,761,289,718.56 at the beginning of the year[14] Investments and Expenses - Research and development expenses rose by 48.84% to ¥40,029,856.43, indicating increased investment in innovation[5] - Research and development expenses for Q1 2024 were CNY 47,992,216.39, a decrease of 13.7% compared to CNY 55,620,166.58 in the previous year[15] - The company reported a decrease in financial expenses to CNY 95,342,753.51 from CNY 115,051,068.97 in the previous year[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 95,221, indicating a stable shareholder base[6] - The company completed the cancellation of 12,595,201 repurchased shares, reducing registered capital from CNY 1,087,212,465 to CNY 1,074,617,264[10] - The company appointed a new chairman, Fu Xiangdong, following the resignation of the previous chairman, Jing Guangjun[10] Other Financial Metrics - The company received government subsidies amounting to ¥38,778,960.04 during the quarter, contributing positively to its financial performance[3] - The company reported a significant increase in asset disposal gains, which reached ¥10,287,857.87, up 422.30% from the previous year[5] - Cash and cash equivalents decreased to CNY 1,779,387,280.43 from CNY 1,930,834,742.52, a decline of about 7.8%[11] - Accounts receivable rose to CNY 6,553,498,552.87, up from CNY 5,956,299,283.76, indicating an increase of approximately 10%[11] - Inventory increased to CNY 3,247,243,380.38 from CNY 3,178,516,493.12, representing a growth of about 2.16%[11] - The company's fixed assets decreased to CNY 5,929,181,359.87 from CNY 6,014,048,125.51, a reduction of approximately 1.42%[12] - Long-term equity investments slightly decreased to CNY 264,865,091.86 from CNY 265,361,849.11, a decline of about 0.19%[11] - Total cash inflow from investment activities was 12,412,240.40 CNY, down from 21,846,873.55 CNY, representing a decline of 43.5%[18] - The company experienced a foreign exchange loss of -1,156,563.54 CNY, compared to -8,013,604.14 CNY in the previous period, indicating a significant improvement[18]