Shandong Daye (SH:603278)2024-04-25 15:08Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,238,969,008.81, representing a decrease of 2.12% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 7,022,010.82, down by 0.79% year-on-year[5]. - The basic earnings per share for Q1 2024 was CNY 0.02, a decrease of 0.83% year-on-year[5]. - The total comprehensive income attributable to the parent company for Q1 2024 is CNY 7,022,010.82, compared to CNY 33,512,353.46 in Q1 2023, reflecting a significant decline[26]. - Net profit for Q1 2024 was ¥5,181,632.50, a significant decrease of 87.9% from ¥39,581,426.15 in Q1 2023[25]. - Operating profit for Q1 2024 was ¥3,816,492.85, down 89.7% from ¥37,053,129.60 in Q1 2023[25]. Cash Flow - The net cash flow from operating activities was negative at CNY -225,263,996.87, a decline of 2.17% compared to the previous year[5]. - The net cash flow from operating activities for Q1 2024 was -225,263,996.87 RMB, a decrease of 216.82% compared to 192,830,723.66 RMB in Q1 2023, primarily due to increased safety stock purchases and reduced government subsidies[13]. - Cash inflow from operating activities totaled CNY 1,023,992,211.17 in Q1 2024, down from CNY 1,114,903,974.91 in Q1 2023, indicating a decrease of approximately 8.2%[27]. - Cash outflow for purchasing goods and services increased to CNY 1,061,860,479.11 in Q1 2024, compared to CNY 742,982,723.66 in Q1 2023, representing a rise of about 43%[27]. - The net cash flow from financing activities for Q1 2024 was 270,322,669.87 RMB, a 292.50% increase compared to -140,424,847.99 RMB in Q1 2023, driven by increased financing[13]. - The net cash flow from financing activities for Q1 2024 is CNY 270,322,669.87, a turnaround from -CNY 140,424,847.99 in Q1 2023[28]. Assets and Liabilities - Total assets increased to CNY 7,814,170,271.78, reflecting a growth of 7.14% from the end of the previous year[6]. - Total liabilities for Q1 2024 were ¥5,152,085,084.84, up from ¥4,682,926,235.75 in Q1 2023[21]. - Current liabilities totaled ¥4,202,624,805.49, an increase of 7.7% compared to ¥3,904,229,010.12 in Q1 2023[21]. - Non-current liabilities increased to ¥949,460,279.35 from ¥778,697,225.63 in the previous year[21]. - The company's total equity as of Q1 2024 was ¥2,662,085,186.94, compared to ¥2,610,547,285.85 in Q1 2023[21]. Shareholder Information - The top shareholder, Dou Yong, holds 111,384,000 shares, representing 32.59% of total shares, with 15,000,000 shares pledged[15]. - The second-largest shareholder, Dou Baosen, owns 61,898,440 shares, accounting for 18.11% of total shares[15]. Research and Development - Research and development expenses decreased by 14.61% to CNY 17,366,063.82, indicating reduced investment in R&D[11]. - The company reported a decrease in research and development expenses to ¥17,366,063.82 from ¥20,337,398.62 in Q1 2023[24]. Other Financial Metrics - The weighted average return on equity was 0.26%, down by 1.63 percentage points compared to the previous year[5]. - The company reported a significant decrease in non-operating income, which fell by 94.62% to 137,297.50 RMB due to reduced compensation payments recognized during the reporting period[13]. - Total operating costs for Q1 2024 were ¥1,259,553,127.00, down 2.1% from ¥1,286,526,602.86 in Q1 2023[24]. - The cash and cash equivalents at the end of Q1 2024 stand at CNY 90,247,754.05, down from CNY 108,310,814.3 at the end of Q1 2023[29]. - The company received CNY 1,100,327,873.33 in borrowings during Q1 2024, an increase from CNY 670,236,266.66 in Q1 2023, reflecting a growth of approximately 64%[28]. - The total cash outflow from investment activities in Q1 2024 is CNY 61,372,590.48, compared to CNY 2,906,033.78 in Q1 2023, showing a substantial increase[28]. - The company reported a decrease in tax refunds received, totaling CNY 6,507,195.13 in Q1 2024, down from CNY 13,829,697.98 in Q1 2023, a decline of about 53%[27].