Shanghai Jahwa(SH:600315)2024-04-22 09:03Financial Performance - The company's revenue for Q1 2024 was CNY 1,905,398,114.42, representing a decrease of 3.76% compared to the same period last year[17]. - Net profit attributable to shareholders for Q1 2024 was CNY 256,207,190.53, an increase of 11.18% year-on-year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 293,382,590.79, reflecting a 29.17% increase compared to the previous year[17]. - The basic earnings per share for Q1 2024 was CNY 0.38, up by 11.76% from the same quarter last year[17]. - Total operating revenue for Q1 2024 was RMB 1,905,398,114.42, a decrease of 3.74% compared to RMB 1,979,746,030.61 in Q1 2023[33]. - Total operating costs for Q1 2024 were RMB 1,595,257,754.22, down 10.51% from RMB 1,783,096,173.28 in Q1 2023[33]. - Operating profit increased to approximately $272.49 million from $253.23 million, reflecting a growth of about 7.6%[48]. - The total comprehensive income for the period was CNY 230,653,584.01, compared to CNY 233,149,086.43 in the previous period[50]. Cash Flow - The net cash flow from operating activities for Q1 2024 was CNY 570,208,886.78, an increase of 25.06% year-on-year[17]. - Cash flow from operating activities for Q1 2024 was RMB 570,208,886.78, an increase of 25.00% compared to RMB 455,962,079.73 in Q1 2023[38]. - Net cash flow from investing activities was CNY -5,279,450.36, an improvement from CNY -13,364,368.34 in the previous period[52]. - The net cash flow from financing activities was CNY -160,700,331.75, compared to CNY -258,706,108.47 in the previous period[52]. - The company received CNY 119,328,275.31 in cash from borrowings during the period, with no cash received from borrowings in the previous period[52]. - The total cash inflow from financing activities was CNY 119,328,275.31, while total cash outflow was CNY 280,028,607.06[52]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 11,827,304,687.34, a slight increase of 0.83% from the end of the previous year[4]. - The equity attributable to shareholders increased by 3.00% to CNY 7,920,771,159.42 compared to the end of the previous year[4]. - Total liabilities decreased to approximately $3.91 billion from $4.04 billion, a reduction of about 3.2%[45]. - The company's total equity increased to approximately $7.92 billion from $7.69 billion, showing a growth of about 3%[45]. - The company’s total non-current assets decreased to approximately $6.04 billion from $6.15 billion, a decline of about 1.8%[44]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 49,803[24]. - The largest shareholder, Shanghai Jahwa United Co., Ltd., holds 51.01% of the shares, totaling 344,927,001 shares[24]. Research and Development - Research and development expenses increased to approximately $34.86 million from $32.73 million, marking a rise of about 6.5%[48]. Other Financial Metrics - The weighted average return on equity increased by 0.15 percentage points to 3.28%[4]. - The company reported non-recurring gains and losses totaling CNY -37,175,400.26 for the quarter[6]. - The company reported a non-operating loss of RMB 48,627,572.23 related to fair value changes of financial assets and liabilities[20]. - The company reported a decrease in inventory from approximately $776.75 million to $681.18 million, a decline of about 12.3%[43]. - Cash and cash equivalents increased to approximately $1.34 billion from $939.62 million, representing a growth of 43% year-over-year[43]. - Cash and cash equivalents at the end of the period totaled CNY 1,332,084,785.93, down from CNY 1,861,435,303.10 in the previous period[52]. - The impact of exchange rate changes on cash and cash equivalents was CNY -1,140,748.30, contrasting with a positive impact of CNY 1,864,481.24 in the previous period[52]. - The company reported a net loss in other comprehensive income attributable to the parent company of CNY -25,553,606.52[50]. - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[22].