SPICYD(SH:600292)2024-04-24 09:53Financial Performance - The company's operating revenue for Q1 2024 was CNY 840,740,749.02, representing a year-on-year increase of 4.48%[5] - The net profit attributable to shareholders for Q1 2024 was CNY 31,648,687.71, reflecting a growth of 5.87% compared to the same period last year[5] - The total revenue for Q1 2024 was 840,740,749.02 RMB, up from 804,664,290.08 RMB in Q1 2023, reflecting a growth of approximately 4.1%[19] - The net profit for Q1 2024 was CNY 39,529,463.54, an increase of 21.0% compared to CNY 32,636,172.19 in Q1 2023[20] - Operating profit for Q1 2024 reached CNY 54,806,259.76, up from CNY 48,226,779.25 in the same period last year, reflecting a growth of 11.6%[20] - The company reported a total comprehensive income of CNY 42,991,540.16 for Q1 2024, compared to CNY 33,663,535.98 in Q1 2023, representing a growth of 27.5%[21] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 66,236,046.92, with no applicable year-on-year comparison[5] - Cash and cash equivalents increased to 814,039,394.68 RMB as of March 31, 2024, from 712,236,794.64 RMB at the end of 2023, showing improved liquidity[15] - The cash flow from operating activities generated a net inflow of CNY 66,236,046.92, a significant recovery from a net outflow of CNY 15,593,073.77 in Q1 2023[23] - The cash and cash equivalents at the end of Q1 2024 amounted to CNY 798,475,924.59, an increase from CNY 583,463,376.60 at the end of Q1 2023[23] - The cash flow from financing activities generated a net inflow of CNY 61,936,318.21 in Q1 2024, compared to CNY 77,070,984.99 in Q1 2023[23] Assets and Liabilities - The total assets at the end of Q1 2024 amounted to CNY 9,915,382,097.69, an increase of 1.45% from the end of the previous year[6] - The total assets as of March 31, 2024, were CNY 4,318,197,652.05, slightly down from CNY 4,318,845,824.33 at the end of 2023[25] - The company's total liabilities increased to 4,302,663,125.68 RMB from 4,201,197,848.47 RMB, reflecting a rise in both current and non-current liabilities[17] - The total liabilities decreased to CNY 387,994,954.33 from CNY 451,200,888.73, a reduction of approximately 14%[27] - The total equity decreased slightly to CNY 5,102,142,052.70 from CNY 5,122,085,729.50, a decline of about 0.4%[27] Investments and Expenses - The company reported a significant decrease in investment income by 106.16% due to reduced returns from associated companies[8] - The company’s prepayments increased by 52.52%, mainly due to advances for equipment and project payments[8] - Research and development expenses were not explicitly detailed but are part of the overall management expenses of CNY 23,154,250.98, which decreased from CNY 25,855,701.69 in Q1 2023[29] - The company reported a financial income of CNY 4,372,693.93, down from CNY 6,585,322.53 in the previous year, indicating a decline of approximately 33.5%[29] Shareholder Returns - The company plans to distribute a cash dividend of 0.28 RMB per 10 shares, totaling 21,862,872.92 RMB, which represents 40.48% of the net profit attributable to shareholders for 2023[14] - The basic and diluted earnings per share remained stable at CNY 0.04 for both Q1 2024 and Q1 2023[21] Other Notable Events - The company received government subsidies amounting to CNY 790,060.26, which are closely related to its normal business operations[7] - The company’s subsidiary, which entered bankruptcy proceedings, is expected to impact the net profit attributable to shareholders by CNY -31,697,100[12]