Sinotec(SH:603121)2024-04-24 10:43Financial Performance - The company's operating revenue for Q1 2024 was CNY 341,616,915.13, representing a year-on-year increase of 16.73%[5] - The net profit attributable to shareholders of the listed company was CNY 37,920,910.96, showing a decrease of 11.26% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 34,512,361.22, reflecting a significant increase of 1,451.66%[5] - The basic earnings per share for the period was CNY 0.11, down by 8.33%[5] - The diluted earnings per share for the period was also CNY 0.11, reflecting the same decrease of 8.33%[5] - The weighted average return on equity was 3.04%, a decrease of 0.71 percentage points[5] - Total operating revenue for Q1 2024 reached ¥341,616,915.13, an increase of 16.8% compared to ¥292,654,203.33 in Q1 2023[19] - Net profit for Q1 2024 was ¥35,381,727.78, slightly down from ¥36,945,237.37 in Q1 2023, representing a decrease of 4.2%[21] - The company reported a total profit of ¥40,419,643.56 for Q1 2024, down from ¥52,925,893.16 in Q1 2023, indicating a decline of 23.5%[19] Cash Flow and Assets - The net cash flow from operating activities was CNY 97,344,065.63, with no applicable percentage change due to the nature of the data[5] - The company's cash and cash equivalents increased to RMB 247,736,948.50 from RMB 165,634,214.07, representing a significant rise of approximately 49.3%[15] - The company reported a net cash flow from operating activities of ¥97,344,065.63 in Q1 2024, compared to a negative cash flow of ¥58,428,880.52 in Q1 2023[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,137,151,541.58, an increase of 2.01% from the end of the previous year[6] - The equity attributable to shareholders of the listed company was CNY 1,264,844,390.78, up by 2.85% compared to the end of the previous year[6] - The company's total liabilities as of March 31, 2024, were RMB 839,405,993.24, compared to RMB 829,757,447.83 at the end of 2023, showing a marginal increase of about 1.3%[17] - The company's non-current assets totaled RMB 1,144,995,800.71, slightly down from RMB 1,151,760,353.94, indicating a decrease of approximately 0.6%[16] - The company's total current assets increased to RMB 992,155,740.87 from RMB 943,210,965.46, marking an increase of about 5.2%[15] Expenses - Total operating costs for Q1 2024 were ¥304,757,802.73, up from ¥287,678,654.43 in Q1 2023, reflecting a 5.9% increase[19] - Research and development expenses for Q1 2024 were ¥17,897,671.16, a slight decrease from ¥18,238,064.27 in Q1 2023[19] - The company incurred a total of ¥7,334,819.39 in selling expenses for Q1 2024, compared to ¥5,396,506.01 in Q1 2023, marking a 36.0% increase[19] Accounting Standards and Reporting - The company announced the implementation of new accounting standards starting from 2024, which will affect the financial statements from the beginning of the year[26] - The board of directors of Shanghai Huapei Digital Technology (Group) Co., Ltd. made the announcement on April 25, 2024[26] - The report indicates that the adjustments related to the new accounting standards are not applicable for the current period[26] - The company is committed to ensuring the accuracy of financial reporting under the new standards[26] - No specific financial performance metrics or user data were disclosed in this document[26] - Future outlook and performance guidance were not provided in this report[26] - There are no mentions of new product developments or technological advancements in this document[26] - Market expansion and acquisition strategies were not discussed in the report[26] - The document does not include any new strategic initiatives or changes in business direction[26] - The report is primarily focused on the announcement of accounting standard implementation rather than financial performance[26]