SPM(SH:600459)2024-04-26 09:31Financial Performance - The company's operating revenue for Q1 2024 was CNY 10,443,699,985.16, representing a year-on-year increase of 3.55%[4] - The net profit attributable to shareholders for Q1 2024 was CNY 194,711,610.74, reflecting a significant increase of 23.45% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 148,706,159.13, with a year-on-year increase of 2.53%[4] - The basic earnings per share for Q1 2024 was CNY 0.26, which is an increase of 23.81% year-on-year[4] - The company's net profit for the reporting period reached CNY 204,034,333.32, an increase from CNY 163,730,894.71 in the previous period, representing a growth of approximately 24.6%[24] - The total revenue from operating profit was CNY 241,852,763.66, compared to CNY 197,715,884.69 in the previous period, indicating an increase of approximately 22.3%[24] - The company reported a total comprehensive income of CNY 204,273,941.74, compared to CNY 162,092,182.09 in the previous period, marking an increase of around 26.0%[25] - Basic earnings per share rose to CNY 0.26, up from CNY 0.21, reflecting an increase of approximately 23.8%[25] Assets and Liabilities - The total assets at the end of Q1 2024 amounted to CNY 14,179,590,851.02, marking a 20.43% increase from the end of the previous year[4] - The equity attributable to shareholders at the end of Q1 2024 was CNY 6,720,612,095.83, showing a growth of 3.27% compared to the end of the previous year[4] - As of March 31, 2024, the company's current assets totaled approximately RMB 14.61 billion, a decrease from RMB 17.80 billion as of December 31, 2023, representing a decline of about 6.7%[34] - The company's accounts receivable increased to approximately RMB 2.58 billion from RMB 1.54 billion, reflecting a growth of approximately 67.2%[34] - Inventory rose to approximately RMB 5.32 billion, up from RMB 4.23 billion, indicating an increase of about 25.7%[34] - Total liabilities reached approximately RMB 7.18 billion, compared to RMB 5.00 billion, marking an increase of about 43.6%[37] - The company's total equity increased to approximately RMB 6.99 billion from RMB 6.77 billion, showing a growth of about 3.3%[44] - Long-term borrowings increased to approximately RMB 2.31 billion from RMB 1.80 billion, reflecting a growth of about 28.5%[37] Cash Flow - The net cash flow from operating activities for Q1 2024 was negative at CNY -1,355,148,002.14, attributed to increases in accounts receivable, prepayments, and inventory[4] - In Q1 2024, the cash inflow from operating activities was CNY 9,608,882,176.23, a decrease of 15.5% compared to CNY 11,366,728,984.65 in Q1 2023[48] - The cash outflow from operating activities totaled CNY 10,964,030,178.37, down from CNY 11,949,889,919.41 in the same period last year, representing a reduction of 8.2%[48] - The company's cash received from other operating activities increased to CNY 68,247,228.63, compared to CNY 61,413,922.53 in Q1 2023, reflecting an increase of 11.9%[48] - The company reported a decrease in cash received from tax refunds to CNY 243,824.24, down from CNY 1,300,973.59 in Q1 2023, a decline of 81.2%[48] - Cash paid to employees decreased to CNY 122,936,549.69 from CNY 142,256,149.83, a reduction of 13.5% year-over-year[48] Expenses - Research and development expenses increased significantly to CNY 57,466,111.89, up from CNY 34,839,988.96, reflecting a growth of about 64.8%[24] - The company’s management expenses were CNY 84,124,952.55, slightly up from CNY 82,714,607.18, indicating a marginal increase of about 1.7%[24] Other Financial Metrics - The weighted average return on equity for Q1 2024 was 2.94%, an increase of 0.33 percentage points compared to the previous year[4] - The company recognized government subsidies amounting to CNY 24,525,568.54 during the period, which are closely related to its normal business operations[9] - The total amount of non-recurring gains and losses for the period was CNY 46,005,451.61 after tax and minority interest adjustments[9] - The company experienced a foreign exchange loss of CNY 1,799,771.90 during the reporting period[27] - The company raised CNY 1,498,087,429.32 through financing activities, a significant increase from CNY 432,034,080.76 in the previous period[27] - The company's investment activities resulted in a net cash outflow of CNY 34,131,751.32, compared to a net outflow of CNY 37,500,081.97 in the previous period, showing an improvement[27]