SQTEG(SH:603339)2024-04-25 09:12Financial Performance - The company's operating revenue for Q1 2024 was CNY 444,541,009.71, representing a decrease of 16.34% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 51,800,122.08, down 32.27% year-over-year[5]. - Basic and diluted earnings per share were both CNY 0.17, reflecting a decrease of 32.00% year-over-year[5]. - Total operating revenue for Q1 2024 was CNY 444,541,009.71, a decrease of 16.4% compared to CNY 531,373,473.63 in Q1 2023[17]. - Net profit for Q1 2024 was CNY 51,800,122.08, representing a decline of 32.4% from CNY 76,475,713.67 in Q1 2023[18]. - Total comprehensive income for Q1 2024 was CNY 52,137,867.30, down from CNY 75,954,597.06 in Q1 2023[19]. Cash Flow - The net cash flow from operating activities was negative CNY 21,673,884.63, a decline of 139.39% compared to the previous year[5]. - Cash flow from operating activities for Q1 2024 was negative CNY 21,673,884.63, compared to positive CNY 55,020,017.50 in Q1 2023[21]. - Cash inflow from investment activities in Q1 2024 was CNY 151,834,036.25, a decrease from CNY 452,493,210.50 in Q1 2023[21]. - Cash outflow from investment activities for Q1 2024 was CNY 467,808,821.15, up from CNY 277,346,071.20 in Q1 2023[21]. - Net cash flow from investment activities for Q1 2024 was negative CNY 315,974,784.90, compared to positive CNY 175,147,139.30 in Q1 2023[21]. - The net cash flow from financing activities for Q1 2024 was -$8,355,653.08, compared to -$193,316,753.27 in the same period last year[22]. - The net increase in cash and cash equivalents for Q1 2024 was -$351,696,156.10, a significant decline from an increase of $30,628,483.05 in Q1 2023[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,378,733,496.97, a decrease of 0.77% from the end of the previous year[6]. - Total liabilities decreased to ¥858,069,809.88 from ¥929,082,464.27, showing a reduction of about 7.7%[15]. - The company's total equity increased to ¥2,520,663,687.09 from ¥2,475,975,473.19, marking an increase of approximately 1.8%[15]. - The total current assets decreased to ¥2,452,381,703.47 from ¥2,479,230,195.33, indicating a reduction of about 1.1%[14]. - The company's total assets as of March 31, 2024, were ¥3,378,733,496.97, down from ¥3,405,057,937.46, reflecting a decrease of approximately 0.8%[14]. - The accounts receivable decreased to ¥34,025,350.39 from ¥49,685,685.32, a decline of about 31.7%[13]. - The company's contract liabilities decreased to ¥637,242,969.73 from ¥676,861,827.89, a decline of about 5.8%[15]. - The company reported a decrease in total current liabilities to ¥820,785,418.62 from ¥890,916,250.55, indicating a reduction of approximately 7.9%[15]. Expenses and Tax - The decline in net profit was primarily due to decreased revenue and increased period expenses[8]. - The company reported a tax expense of CNY 4,999,808.91 for Q1 2024, compared to CNY 9,778,889.20 in Q1 2023[18]. Other Financial Metrics - The weighted average return on equity was 2.07%, a decrease of 1.34 percentage points compared to the previous year[5]. - Non-recurring gains and losses totaled CNY 1,604,741.81 for the period[8]. - The inventory increased to ¥917,109,741.01 from ¥902,495,734.63, representing an increase of approximately 1.6%[14]. - The company's short-term borrowings remained stable at ¥100,000.00[15]. - The impact of exchange rate changes on cash and cash equivalents was -$5,691,833.49, slightly improved from -$6,221,920.48 year-over-year[22]. - The beginning cash and cash equivalents balance was $959,392,035.72, up from $441,879,696.13 at the start of Q1 2023[22]. - The ending cash and cash equivalents balance for Q1 2024 was $607,695,879.62, compared to $472,508,179.18 at the end of Q1 2023[22].