上海钢联(300226) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 17,541,791,066.96, a slight increase of 0.18% compared to CNY 17,510,118,786.83 in the same period last year[5] - Net profit attributable to shareholders decreased by 10.04% to CNY 49,155,080.18, primarily due to a reduction in government subsidies received during the reporting period[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 26.45% to CNY 46,896,156.20 compared to CNY 37,086,162.50 in the previous year[5] - The net cash flow from operating activities improved significantly, reaching CNY 369,687,956.75, a 262.73% increase from a negative cash flow of CNY 227,183,346.78 in the same period last year[5] - Total operating revenue for the first quarter of 2024 was CNY 17,541,791,066.96, slightly up from CNY 17,510,118,786.83 in the previous period, indicating a growth of approximately 0.18%[26] - Total operating costs for the first quarter of 2024 were CNY 17,460,799,429.13, compared to CNY 17,438,322,327.06 in the previous period, reflecting an increase of about 0.13%[26] - The net profit for Q1 2024 was CNY 86,269,956.85, a decrease of 14.4% compared to CNY 100,715,493.30 in Q1 2023[27] - Operating profit for Q1 2024 was CNY 107,655,794.80, down from CNY 126,749,557.46 in the same period last year, reflecting a decline of 15.4%[27] - Total revenue from sales of goods and services in Q1 2024 was CNY 50,652,990,429.81, compared to CNY 52,959,620,522.59 in Q1 2023, indicating a decrease of 4.4%[30] - The total comprehensive income for Q1 2024 was CNY 86,286,034.98, compared to CNY 100,629,374.68 in Q1 2023, reflecting a decrease of 14.3%[28] Assets and Liabilities - Total assets as of the end of Q1 2024 were CNY 18,537,095,386.77, reflecting a 4.61% increase from CNY 17,720,227,654.37 at the end of the previous year[5] - Total current assets rose to CNY 17,931,016,308.79 from CNY 17,066,764,544.96, an increase of about 5.07%[24] - Total liabilities increased to CNY 14,157,833,991.34 from CNY 13,433,867,778.69, reflecting a growth of approximately 5.38%[25] - The company's retained earnings rose to CNY 919,245,460.64 from CNY 870,090,380.46, showing an increase of approximately 5.00%[25] - The total equity attributable to shareholders increased to CNY 2,039,951,651.39 from CNY 1,986,908,133.19, reflecting a growth of about 2.66%[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 32.185 million[17] - The largest shareholder, Shanghai Xingye Investment Development Co., Ltd., holds 25.12% of shares, totaling 80,851,163 shares, all of which are pledged[17] - The second-largest shareholder, Zhu Junhong, holds 4.64% of shares, totaling 14,930,546 shares, with 11,197,909 shares under lock-up[17] - The total number of shares held by the top 10 unrestricted shareholders is 80,851,163 shares[18] - The National Social Security Fund's 414 portfolio holds 1.60% of shares, totaling 5,149,878 shares[19] - The total number of restricted shares at the end of the period is 12,288,215 shares, with no new restrictions added[20] - The company has not disclosed any related party relationships among the top 10 shareholders[18] - The company has not reported any changes in the top 10 shareholders due to securities lending activities[19] Operational Highlights - The company’s inventory increased by 102.18% to CNY 4,374,857,166.60, driven by the growth of supply chain business[12] - The trading volume on the Steel Silver E-commerce platform reached 1,172.37 million tons, a 7.83% increase year-over-year[11] - The company’s subsidiary, Shandong Longzhong, reported revenue of CNY 39,378,000, representing a year-over-year growth of 1.65%[10] - The company is actively participating in national key project R&D and enhancing collaboration with financial institutions to develop data products and expand market resources[10] Financial Management - The company’s financial expenses decreased significantly by 1242.18% due to a larger increase in interest income compared to interest expenses[15] - Cash and cash equivalents at the end of the period increased to CNY 5,671,978,470.53 from CNY 5,554,693,597.05, representing a growth of approximately 2.11%[23] - Accounts receivable decreased to CNY 1,418,199,270.70 from CNY 1,735,783,286.34, a decline of about 18.27%[23] - Inventory surged to CNY 4,374,857,166.60 from CNY 2,163,881,174.97, marking an increase of approximately 102.00%[24] - The company reported a decrease in sales expenses to CNY 96,104,497.77 from CNY 100,390,001.34 in the previous year, a reduction of 4.3%[27] - The company’s financial expenses showed a significant improvement, with a net financial income of CNY -4,395,104.88 compared to CNY -327,460.35 in Q1 2023[27] Future Outlook and Reporting - The first quarter report for 2024 has not been audited[32] - The company is implementing new accounting standards starting in 2024[32] - The financial statement adjustments related to the new accounting standards will be reflected in the annual report[32] - The board of directors released the first quarter report on April 27, 2024[32] - The report indicates that this is the first execution of the new accounting standards[32] - No specific performance metrics or user data were disclosed in the report[32] - Future outlook and performance guidance were not provided in the document[32] - There are no mentions of new products, technologies, market expansion, or mergers and acquisitions in the report[32] - The report does not include any financial figures or percentage changes[32] - The company has not disclosed any strategic initiatives in the first quarter report[32]