SMHC(SH:600131)2024-04-25 10:07Financial Performance - The company's operating revenue for Q1 2024 was ¥1,018,612,088.09, representing a decrease of 22.98% compared to the same period last year[4] - The net profit attributable to shareholders was ¥12,102,466.53, down 83.22% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥11,982,357.85, a decrease of 75.16% compared to the previous year[4] - The basic earnings per share were ¥0.01, a decrease of 83.33% year-on-year[4] - The diluted earnings per share were also ¥0.01, down 83.33% compared to the same period last year[4] - Total operating revenue for Q1 2024 was CNY 1,018,612,088.09, a decrease of 23.0% compared to CNY 1,322,586,676.82 in Q1 2023[18] - Net profit for Q1 2024 was CNY 12,102,466.53, a decline of 83.2% from CNY 72,103,276.08 in Q1 2023[19] - Total comprehensive income for Q1 2024 was CNY 12,102,466.53, compared to CNY 72,103,276.08 in Q1 2023[20] Cash Flow - The net cash flow from operating activities was negative at ¥97,921,382.99, indicating a significant cash outflow[4] - Cash flow from operating activities in Q1 2024 was negative CNY 97,921,382.99, an improvement from negative CNY 613,895,756.25 in Q1 2023[21] - Net cash inflow from investment activities totaled $47,530.00, while cash outflow amounted to $502,289.01, resulting in a net cash flow of -$454,759.01 from investment activities[22] - Cash inflow from financing activities was $22,944,735.24, while cash outflow reached $57,838,801.61, leading to a net cash flow of -$57,838,801.61 from financing activities[22] - The net increase in cash and cash equivalents was -$156,214,943.61, with the ending balance at $2,248,752,759.92[22] - The company reported a beginning cash and cash equivalents balance of $2,404,967,703.53[22] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥13,031,261,322.50, down 4.00% from the end of the previous year[5] - Total current assets amounted to approximately ¥10.39 billion, a decrease of 5.4% from ¥10.99 billion on December 31, 2023[13] - Total non-current assets increased to approximately ¥2.64 billion, up 2.1% from ¥2.59 billion[15] - Total current liabilities decreased to approximately ¥6.58 billion, down 8.2% from ¥7.17 billion[15] - Total liabilities decreased to approximately ¥6.69 billion, down 7.7% from ¥7.24 billion[16] - Shareholders' equity increased slightly to approximately ¥6.34 billion from ¥6.33 billion, reflecting a growth of 0.1%[16] Expenses - Total operating costs for Q1 2024 were CNY 1,028,781,387.07, down 19.5% from CNY 1,278,592,656.89 in Q1 2023[18] - Research and development expenses for Q1 2024 were CNY 57,292,820.87, slightly down from CNY 59,388,062.25 in Q1 2023[18] - Sales expenses increased to CNY 53,835,462.34 in Q1 2024 from CNY 52,440,226.06 in Q1 2023[18] - The company reported a tax expense of CNY 2,854,357.71 for Q1 2024, down from CNY 5,832,478.99 in Q1 2023[19] Other Information - The weighted average return on equity was 0.19%, a decrease of 1.06 percentage points from the previous year[4] - The company reported non-recurring gains of ¥120,108.68, primarily from asset disposals and government subsidies[6] - The company is not applying new accounting standards or interpretations for the first quarter of 2024[24]