SFH(SH:600615)2024-04-26 10:44Financial Performance - The company's operating revenue for Q1 2024 was CNY 27,232,748.44, representing a year-on-year increase of 17.57%[3] - The net profit attributable to shareholders was CNY 703,201.33, with a significant increase in profit due to enhanced sales orders and improved cost control[4] - The basic and diluted earnings per share were both CNY 0.004, reflecting the increase in profits[3] - In Q1 2024, the company reported a net profit of CNY 293,106.72, a significant recovery from a net loss of CNY 3,998,096.83 in Q1 2023, marking a turnaround of over 107%[16] - The total revenue from operating activities increased to CNY 29,533,965.08 in Q1 2024, up from CNY 22,886,887.45 in Q1 2023, representing a growth of approximately 29%[17] - The company achieved an operating profit of CNY 432,027.38 in Q1 2024, compared to an operating loss of CNY 4,196,465.47 in the same period last year, indicating a substantial improvement[16] - The total comprehensive income attributable to the parent company was CNY 703,201.33 in Q1 2024, recovering from a loss of CNY 3,199,187.25 in Q1 2023[17] - The company recorded a total profit of CNY 610,218.19 in Q1 2024, a significant recovery from a total loss of CNY 4,193,781.69 in Q1 2023[16] Cash Flow and Investments - The net cash flow from operating activities was CNY 4,006,191.43, primarily driven by collections from customers[4] - Cash flow from operating activities showed a net inflow of CNY 4,006,191.43 in Q1 2024, a significant improvement from a net outflow of CNY 4,710,928.63 in Q1 2023[18] - The company reported a net cash outflow from investing activities of CNY 14,034,389.53 in Q1 2024, compared to a net inflow of CNY 796,769.10 in Q1 2023, indicating increased investment expenditures[18] - The company's cash and cash equivalents decreased to RMB 7,558,526.08 from RMB 16,796,250.39 as of December 31, 2023, representing a decline of 55.1%[9] - The cash and cash equivalents at the end of Q1 2024 stood at CNY 3,634,238.19, down from CNY 4,417,429.48 at the end of Q1 2023[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 701,560,617.34, a decrease of 3.16% compared to the end of the previous year[3] - Total assets as of March 31, 2024, were RMB 701,560,617.34, down from RMB 724,483,384.51 at the end of 2023, a decrease of 3.1%[12] - Accounts receivable decreased to RMB 57,456,499.69 from RMB 72,273,544.64, a reduction of 20.4%[10] - Total current liabilities decreased to RMB 50,551,669.51 from RMB 73,987,438.78, a decline of 31.7%[11] - The company's total equity increased to RMB 642,075,546.90 from RMB 641,782,440.18, a slight increase of 0.05%[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,844[6] - The largest shareholder, Longxin Holdings Co., Ltd., held 33.45% of the shares, with shares frozen[7] Cost Management - Total operating costs for Q1 2024 were RMB 31,388,495.87, a decrease of 1.0% from RMB 31,711,590.92 in Q1 2023[15] - The company recognized a total of CNY 235,271.42 in non-recurring gains, including government subsidies and other income[4] - The company’s inventory decreased to RMB 24,822,808.75 from RMB 26,666,140.18, a reduction of 6.9%[10] - The company's short-term borrowings remained unchanged at RMB 10,000,000.00[11] - The weighted average return on equity increased by 0.616 percentage points to 0.11%[4] Investment Income - The company’s investment income for Q1 2024 was CNY 3,856,137.70, compared to CNY 4,112,140.28 in Q1 2023, reflecting a slight decrease of about 6%[16]