SKSHU(SH:603737)2024-04-19 10:55Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,065,894,745.90, representing a year-on-year increase of 0.62%[4] - Net profit attributable to shareholders of the listed company reached CNY 47,083,306.71, marking a significant increase of 78.20% compared to the same period last year[4] - Basic earnings per share (EPS) increased by 80.00% to CNY 0.09, reflecting improved profitability[4] - The net profit for Q1 2024 was CNY 47,296,730.96, a significant increase from CNY 28,802,609.04 in Q1 2023, representing a growth of approximately 64.0%[20] - The total comprehensive income attributable to the parent company's owners for Q1 2024 was CNY 47,091,403.07, compared to CNY 26,423,300.35 in Q1 2023, marking an increase of about 78.2%[21] - The total comprehensive income for Q1 2024 was CNY 47,304,827.32, compared to CNY 28,804,633.45 in Q1 2023, reflecting an increase of about 64.0%[20] Cash Flow - The net cash flow from operating activities was negative at CNY -263,908,253.01, with no applicable year-on-year comparison[4] - The net cash flow from operating activities for Q1 2024 was negative at CNY -263,908,253.01, an improvement from CNY -462,781,582.74 in Q1 2023[23] - Cash inflow from operating activities totaled CNY 3,489,840,348.95 in Q1 2024, compared to CNY 3,004,682,662.41 in Q1 2023, indicating an increase of approximately 16.1%[22] - Cash outflow from operating activities was CNY 3,753,748,601.96 in Q1 2024, compared to CNY 3,467,464,245.15 in Q1 2023, representing an increase of about 8.3%[23] - The net cash flow from investing activities was CNY -241,024,732.39 in Q1 2024, slightly improved from CNY -272,932,713.19 in Q1 2023[23] - Cash inflow from financing activities was CNY 1,596,439,302.50 in Q1 2024, down from CNY 1,990,804,195.76 in Q1 2023, a decrease of approximately 19.8%[23] Assets and Liabilities - Total assets decreased by 4.96% to CNY 13,436,241,661.45 compared to the end of the previous year[5] - As of March 31, 2024, total current assets amounted to approximately CNY 6.57 billion, a decrease from CNY 7.38 billion as of December 31, 2023, representing a decline of about 10.9%[15] - Total liabilities decreased from CNY 11,434,832,455.63 in Q1 2023 to CNY 10,685,578,850.55 in Q1 2024, reflecting a reduction of about 6.5%[18] - The company's total equity increased from CNY 2,703,357,983.58 in Q1 2023 to CNY 2,750,662,810.90 in Q1 2024, representing an increase of approximately 1.75%[18] Shareholder Information - The company reported a total of 22,770 common shareholders as of the end of the reporting period[11] - The largest shareholder, Hong Jie, holds 67.02% of the shares, with a total of 353,181,163 shares[11] - The company has no significant changes in the shareholding structure among the top 10 shareholders compared to the previous period[12] Operating Costs and Expenses - Total operating costs for Q1 2024 were CNY 2,195,053,409.59, compared to CNY 2,080,993,837.11 in Q1 2023, indicating an increase of about 5.5%[19] - Operating costs included CNY 1,479,511,476.37 in operating expenses, up from CNY 1,446,072,103.25 in the previous year, reflecting a rise of approximately 2.3%[19] - Research and development expenses for Q1 2024 were CNY 56,740,399.62, slightly higher than CNY 56,599,332.31 in Q1 2023, showing a marginal increase[19] Non-Recurring Gains and Losses - The net profit attributable to shareholders, excluding non-recurring gains and losses, was not applicable due to increased employee compensation and advertising expenses[9] - Government subsidies contributed CNY 147,158,766.91 to the profit, significantly impacting the net profit increase[6] - The company reported a total of CNY 124,320,160.14 in non-recurring gains, primarily from government subsidies and the reversal of bad debt provisions[7] Changes in Assets - Cash and cash equivalents decreased from CNY 1.71 billion at the end of 2023 to CNY 1.39 billion, a reduction of approximately 19.3%[15] - Accounts receivable decreased from CNY 3.56 billion to CNY 3.17 billion, reflecting a decline of about 10.9%[15] - Inventory decreased from CNY 748.74 million to CNY 727.61 million, a decrease of approximately 2.8%[15] - Non-current assets include fixed assets valued at CNY 4.70 billion, an increase from CNY 4.61 billion, representing a growth of about 1.8%[15] Other Information - The company has not reported any new product launches or technological advancements during this quarter[14] - There are no significant mergers or acquisitions reported in the current quarter[14]