SHBT(SH:603009)2024-04-25 09:08Financial Performance - The company's operating revenue for Q1 2024 reached ¥489,613,388.72, representing a year-on-year increase of 25.97%[2] - Net profit attributable to shareholders was ¥16,435,332.17, marking a significant increase of 183.06% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 282.15% to ¥14,708,269.63[2] - The basic earnings per share rose to ¥0.0458, reflecting an increase of 182.72% year-on-year[2] - Net profit for Q1 2024 was ¥16,679,214.49, compared to ¥5,517,738.98 in Q1 2023, representing a 202.5% increase[15] - Earnings per share for Q1 2024 were ¥0.0458, up from ¥0.0162 in Q1 2023, indicating a significant improvement in profitability[16] - The company reported a total comprehensive income of ¥16,679,214.49 for Q1 2024, compared to ¥5,517,738.98 in Q1 2023[16] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 229.32% to -¥42,861,565.86, primarily due to changes in settlement methods with upstream and downstream partners[5] - Cash inflow from operating activities in Q1 2024 totaled ¥323,081,936.12, down from ¥360,439,136.09 in Q1 2023, a decrease of 10.4%[17] - The net cash flow from operating activities was -42,861,565.86, a decrease from 33,144,045.77 in the previous year[18] - Cash outflow from operating activities totaled 365,943,501.98, compared to 327,295,090.32 in the same period last year[18] - Cash inflow from financing activities was 352,305,535.00, significantly higher than 170,155,535.00 in the previous year[18] - The net cash flow from financing activities was 27,590,343.64, an improvement from -61,877,238.23 in the previous year[19] - The total cash and cash equivalents at the end of the period were 91,913,510.21, up from 63,843,865.98 a year ago[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,349,245,756.90, a decrease of 1.25% from the end of the previous year[3] - Total current assets as of March 31, 2024, amount to ¥1,518,226,385.67, a decrease from ¥1,568,374,084.12 as of December 31, 2023[10] - Total liabilities as of Q1 2024 were ¥1,604,935,295.53, a decrease from ¥1,663,938,059.36 in Q1 2023[12] - Total current liabilities decreased to ¥1,501,411,746.55 from ¥1,525,694,509.98[11] - Non-current liabilities decreased to ¥53,422,408.06 from ¥74,777,701.12[11] Shareholder Information - Shareholders' equity attributable to the parent company increased by 1.02% to ¥1,621,453,720.23[3] - The total equity attributable to shareholders increased to ¥1,621,453,720.23 in Q1 2024 from ¥1,605,018,388.06 in Q1 2023[12] - Total number of common shareholders at the end of the reporting period is 18,897[7] - The largest shareholder, Jin Kun, holds 29.80% of shares, with 46,880,000 shares pledged[7] Operating Costs and Expenses - Total operating costs for Q1 2024 were ¥472,008,053.31, up from ¥387,673,026.03 in Q1 2023, reflecting a 21.7% increase[15] - Research and development expenses for Q1 2024 were ¥22,754,307.93, compared to ¥19,581,813.15 in Q1 2023, marking a 16.1% increase[15] - The company’s financial expenses decreased to ¥6,643,142.27 in Q1 2024 from ¥7,990,015.31 in Q1 2023, a reduction of 16.8%[15] Government Subsidies and Non-Recurring Items - The company received government subsidies amounting to ¥2,488,236.84, which are closely related to its normal business operations[4] - Non-recurring gains and losses totaled ¥1,727,062.54 after accounting for tax and minority interests[5]