SOPO(SH:600746)2024-04-15 09:34Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,500,689,201.57, representing a year-on-year increase of 13.30%[5] - The net profit attributable to shareholders was CNY 25,573,903.28, with a basic earnings per share of CNY 0.0220[5] - Operating profit for Q1 2024 was CNY -130,273,614.86, a significant decline from CNY 29,970,554.33 in Q1 2023[23] - Net profit for Q1 2024 was CNY -109,746,220.40, compared to a net profit of CNY 25,573,903.28 in Q1 2023, indicating a shift to a loss[23] - Basic earnings per share for Q1 2024 was CNY -0.0940, compared to CNY 0.0220 in Q1 2023, indicating a negative shift in profitability[24] - Net profit for Q1 2024 was ¥20,285,078.08, compared to a net loss of ¥75,256,259.18 in Q1 2023, indicating a significant turnaround[34] Cash Flow - The net cash flow from operating activities was negative at CNY -21,755,830.21, showing an improvement compared to the previous year's cash flow[8] - The company's cash flow from operating activities for Q1 2024 showed a significant change, reflecting the impact of the net loss[25] - The net cash flow from operating activities for Q1 2024 was -11,371,092.14, compared to -187,557,305.02 in the previous period[37] - Cash inflow from operating activities was ¥1,160,189,550.78 in Q1 2024, slightly down from ¥1,184,850,085.98 in Q1 2023[36] - The cash outflow from operating activities was ¥1,171,560,642.92 in Q1 2024, down from ¥1,372,407,391.00 in Q1 2023, reflecting improved cash management[36] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 6,541,255,020.77, a 0.85% increase from the end of the previous year[6] - Total assets increased to CNY 6,541,255,020.77 in Q1 2024 from CNY 6,486,099,000.96 in Q1 2023, reflecting a growth of 0.85%[20] - Total liabilities rose to CNY 1,333,842,152.97 in Q1 2024, up from CNY 1,221,291,104.87 in Q1 2023, marking an increase of 9.2%[20] - The total equity attributable to shareholders decreased by 1.09% to CNY 5,207,412,867.80[6] - The total equity attributable to shareholders decreased to CNY 5,207,412,867.80 in Q1 2024 from CNY 5,264,807,896.09 in Q1 2023, a decline of 1.1%[20] - The company's total liabilities increased, with accounts payable decreasing to approximately ¥383.78 million from ¥463.90 million, indicating a reduction of about 17.3%[31] Investments and Expenses - The company reported a net cash flow from investing activities of CNY -142,420,394.50, indicating increased investment in infrastructure projects[8] - Research and development expenses increased to CNY 57,067,085.84 in Q1 2024, up from CNY 46,397,203.32 in Q1 2023, representing a growth of 22.9%[23] - Research and development expenses decreased to ¥35,001,159.44 in Q1 2024 from ¥43,964,569.10 in Q1 2023, a reduction of 20.3%[33] - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 3,117,882.77 in Q1 2024 from CNY 2,746,386.81 in Q1 2023[23] - The financial expenses for Q1 2024 were reported at -¥5,892,695.59, compared to -¥3,359,560.11 in Q1 2023, indicating an increase in financial costs[33] Shareholder Information - The company had a total of 39,419 common shareholders at the end of the reporting period[11] - The company repurchased a total of 15,285,126 shares, accounting for 1.31% of the total share capital of 1,167,842,884 shares, with a total expenditure of RMB 83.44 million[13] Government Support - The company received government subsidies amounting to CNY 2,208,086.62, which positively impacted its financial performance[7] Other Information - The company did not apply new accounting standards or interpretations for the first quarter of 2024[39] - The company has not disclosed any new product developments or market expansion strategies in the current report[15]