SMAC(SH:600073)2024-04-26 08:17Financial Performance - Revenue for Q1 2024 was CNY 5,674,289,456.59, a decrease of 1.24% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 99,320,346.69, down 50.46% year-on-year[5] - Net profit after deducting non-recurring gains and losses was CNY 98,491,071.28, a decrease of 46.41% compared to the previous year[5] - Operating profit for Q1 2024 was approximately ¥80.45 million, down 68.96% from ¥259.13 million in Q1 2023[21] - Net profit for Q1 2024 was approximately ¥33.04 million after tax expenses, compared to ¥178.25 million in Q1 2023[21] - The total comprehensive income for Q1 2024 was -¥172,402,128.79, compared to -¥143,487,873.99 in Q1 2023[22] - The basic earnings per share for Q1 2024 was ¥0.11, down from ¥0.21 in Q1 2023[22] Cash Flow - The net cash flow from operating activities was CNY -325,708,607.68, indicating a negative cash flow situation[5] - Cash inflow from operating activities for Q1 2024 was ¥5,338,813,089.69, an increase of 3.1% from ¥5,178,586,059.67 in Q1 2023[24] - Cash outflow from operating activities for Q1 2024 was ¥5,664,521,697.37, up from ¥5,498,582,236.78 in Q1 2023[24] - The net cash flow from operating activities for Q1 2024 was -¥325,708,607.68, slightly worse than -¥319,996,177.11 in Q1 2023[24] - The net cash flow from investing activities for Q1 2024 was -¥109,956,700.56, an improvement from -¥140,572,551.00 in Q1 2023[25] - The net cash flow from financing activities for Q1 2024 was ¥212,876,993.79, compared to ¥72,536,072.98 in Q1 2023, indicating a significant increase[25] - The company reported a tax refund of ¥8,352,429.63 in Q1 2024, compared to ¥4,300,929.82 in Q1 2023, reflecting improved cash flow management[24] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 15,059,513,468.36, a decrease of 1.70% from the end of the previous year[6] - Current assets totaled approximately ¥8.89 billion as of March 31, 2024, down from ¥8.99 billion at the end of 2023[16] - Current liabilities amounted to approximately ¥7.78 billion, a decrease from ¥7.92 billion at the end of 2023[17] - Long-term liabilities totaled approximately ¥697.26 million, an increase from ¥641.23 million at the end of 2023[17] - The company reported a decrease in cash and cash equivalents to approximately ¥3.34 billion from ¥3.62 billion at the end of 2023[16] - The company’s equity attributable to shareholders was approximately ¥4.95 billion, slightly down from ¥4.95 billion at the end of 2023[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 56,201[10] - The net profit attributable to the parent company's shareholders for Q1 2024 was ¥99,320,346.69, a decrease of 50.5% compared to ¥200,502,316.92 in Q1 2023[22] - The weighted average return on equity decreased to 2.01%, down 2.11 percentage points from the end of the previous year[6] - Non-recurring gains and losses amounted to CNY 829,275.41 for the period[7] - The decline in net profit was primarily attributed to the poor performance of overseas subsidiaries[7]