SHBM(SH:900939)2024-04-26 09:15Financial Performance - The company's operating revenue for Q1 2024 was CNY 3,823,686.45, representing a year-on-year increase of 0.10%[2] - Net profit attributable to shareholders was CNY 2,013,880.45, reflecting a significant increase of 31.03% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,975,175.20, up by 29.15% year-on-year[2] - Basic and diluted earnings per share were both CNY 0.0111, marking a 31.03% increase year-on-year[2] - The net profit for Q1 2024 was CNY 1,991,325.36, an increase of 30.3% compared to CNY 1,528,645.01 in Q1 2023[13] - The total profit for Q1 2024 was CNY 2,869,606.75, up from CNY 2,309,661.69 in the same period last year, representing a growth of 24.3%[13] - The operating profit for Q1 2024 was CNY 2,869,606.75, compared to CNY 2,300,747.59 in Q1 2023, indicating a year-over-year increase of 24.7%[13] - The total comprehensive income for Q1 2024 was CNY 1,991,637.88, compared to CNY 1,511,469.63 in Q1 2023, representing an increase of 31.7%[13] Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -1,082,143.69, a decrease of 130.21% compared to the previous year[5] - The cash flow from operating activities for Q1 2024 was negative at CNY -1,082,143.69, a significant decline from CNY 3,582,051.54 in Q1 2023[15] - The cash flow from investing activities generated a net inflow of CNY 20,070,785.72 in Q1 2024, with CNY 40,074,739.72 in cash inflows[15] - Cash and cash equivalents as of March 31, 2024, were CNY 134,059,633.25, up from CNY 125,032,913.81 at the end of 2023, indicating a growth of 7.4%[10] - The cash and cash equivalents at the end of Q1 2024 totaled CNY 35,648,869.37, compared to CNY 12,165,300.92 at the end of Q1 2023, reflecting a growth of 194.0%[16] Assets and Liabilities - Total assets at the end of the reporting period were CNY 181,662,725.79, an increase of 1.29% from the end of the previous year[2] - Total assets increased to CNY 181,662,725.79 as of March 31, 2024, compared to CNY 179,355,657.74 at the end of 2023, reflecting a growth of 1.3%[10] - Total liabilities rose to CNY 26,614,011.59 in Q1 2024 from CNY 26,298,581.42 in Q4 2023, an increase of 1.2%[10] - The company's total equity increased to CNY 155,048,714.20 as of March 31, 2024, compared to CNY 153,057,076.32 at the end of 2023, representing a growth of 1.3%[11] Expenses - Total operating costs increased to CNY 587,010.32 in Q1 2024 from CNY 507,687.68 in Q1 2023, marking an increase of approximately 15.6%[12] - The company’s management expenses rose to CNY 851,289.66 in Q1 2024 from CNY 722,512.95 in Q1 2023, an increase of approximately 17.8%[12] - The financial expenses for Q1 2024 were reported as CNY -901,274.20, compared to CNY -750,830.35 in Q1 2023, indicating an increase in financial costs[12] Joint Ventures and Developments - The company reported a significant reduction in losses from its joint venture, Shanghai Huili Paint Co., Ltd., contributing to the profit increase[5] - The company did not report any new product developments or market expansion strategies during this quarter[8] - The company aims to enhance its market expansion strategies and invest in new product development to drive future growth[12] Other Financial Metrics - The weighted average return on equity was 1.36%, an increase of 0.06 percentage points[2] - The company reported a net investment loss of CNY 348,167.20 in Q1 2024, an improvement from a loss of CNY 1,017,686.40 in Q1 2023[12] - The company reported a foreign exchange gain of CNY 312.52 in Q1 2024, compared to a loss of CNY -17,175.38 in Q1 2023[16] - The company incurred credit impairment losses of CNY 5,500.00 in Q1 2024[13]