SHLG(600848)2024-04-26 10:17Financial Performance - The company's operating revenue for Q1 2024 reached ¥1,889,059,668.79, representing an increase of 88.48% compared to the same period last year[4] - Net profit attributable to shareholders of the listed company was ¥203,923,367.34, a decrease of 20.57% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥244,430,598.63, an increase of 13.91% year-on-year[4] - Total operating revenue for Q1 2024 reached ¥1,889,059,668.79, a significant increase from ¥1,002,262,139.23 in Q1 2023, representing an increase of approximately 88.5%[18] - Total operating costs for Q1 2024 were ¥1,335,463,315.70, up from ¥615,310,665.56 in Q1 2023, reflecting an increase of about 117.8%[18] - Net profit for Q1 2024 was ¥345,562,525.81, slightly up from ¥344,475,160.99 in Q1 2023, indicating a marginal increase of 0.3%[19] - The profit attributable to shareholders of the parent company for Q1 2024 was ¥203,923,367.34, down from ¥256,744,245.35 in Q1 2023, showing a decrease of approximately 20.5%[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥83,608,843,868.68, reflecting a growth of 3.19% from the end of the previous year[5] - As of March 31, 2024, total assets amounted to ¥83.61 billion, an increase from ¥81.02 billion as of December 31, 2023, reflecting a growth of approximately 3.2%[15] - Current assets totaled ¥52.05 billion, up from ¥49.61 billion, indicating an increase of about 4.4%[15] - Total liabilities reached ¥52.05 billion, compared to ¥50.00 billion, indicating a rise of about 4.1%[16] - Total liabilities increased to ¥50,978,746,029.70 in Q1 2024 from ¥49,042,517,218.80 in Q1 2023, marking an increase of about 3.9%[17] - Non-current liabilities rose to ¥24,049,205,513.15 in Q1 2024, compared to ¥20,607,319,628.97 in Q1 2023, reflecting an increase of approximately 16.4%[17] Cash Flow - The net cash flow from operating activities was negative at -¥3,811,670,815.06, with significant increases in tax expenses and project payments[4][8] - In Q1 2024, the company reported cash inflows from operating activities of approximately ¥2.28 billion, a significant increase from ¥1.43 billion in Q1 2023, representing a year-over-year growth of about 59.4%[20] - The net cash outflow from operating activities was approximately ¥3.81 billion in Q1 2024, compared to ¥2.60 billion in Q1 2023, indicating a deterioration in cash flow performance[20] - The company invested approximately ¥1.28 billion in cash during Q1 2024, a substantial increase from ¥464.58 million in Q1 2023, reflecting a year-over-year increase of about 175.5%[21] - The net cash outflow from investing activities was approximately ¥1.23 billion in Q1 2024, compared to ¥377.12 million in Q1 2023, highlighting increased investment expenditures[21] - Cash inflows from financing activities totaled approximately ¥7.75 billion in Q1 2024, a decrease from ¥8.31 billion in Q1 2023, representing a decline of about 6.7%[21] - The net cash inflow from financing activities was approximately ¥3.72 billion in Q1 2024, compared to ¥2.85 billion in Q1 2023, indicating an improvement in financing conditions[21] Shareholder Information - The top shareholder, Shanghai Caohejing New Technology Development Co., Ltd., holds 35.65% of the shares, totaling 899,387,735 shares[9] - The company has no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[13] Government Subsidies and Non-Recurring Items - The company received government subsidies amounting to ¥27,246,752.40, which are closely related to its normal business operations[6] - Non-recurring gains and losses included a loss of -¥76,586,165.97 from fair value changes of financial assets and liabilities[6] Other Financial Metrics - The weighted average return on net assets was 1.09%, a decrease of 0.41 percentage points compared to the previous year[4] - Basic earnings per share for Q1 2024 were ¥0.08, down from ¥0.10 in Q1 2023, indicating a decrease of 20%[19] - The company reported a financial expense of ¥144,741,239.01 in Q1 2024, compared to ¥120,310,965.80 in Q1 2023, an increase of approximately 20.3%[18] - Tax expenses for Q1 2024 were ¥146,075,043.84, slightly up from ¥141,347,218.74 in Q1 2023, reflecting an increase of about 3.1%[19]