SHENHUA HOLDINGS(SH:600653)2024-04-26 10:37Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,102,344,226.33, representing a decrease of 17.93% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was a loss of CNY 27,226,242.31, down 11.73% year-on-year[4]. - The basic earnings per share for the period was -0.0140 CNY, reflecting a decrease of 12.00% compared to the previous year[4]. - Total operating revenue for Q1 2024 was ¥1,102,344,226.33, a decrease of 18% compared to ¥1,343,204,385.16 in Q1 2023[21]. - Net loss for Q1 2024 was ¥24,691,340.93, compared to a net loss of ¥22,684,030.35 in Q1 2023, indicating a worsening of 8.9%[22]. - The total equity decreased from ¥949,423,785.84 in Q1 2023 to ¥908,390,182.50 in Q1 2024, reflecting a decline of about 4.3%[21]. - The total profit (loss) for Q1 2024 was -¥23,742,213.15, compared to -¥20,773,064.24 in Q1 2023, indicating a decline of approximately 14.2%[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,199,520,498.78, a decrease of 3.47% from the end of the previous year[4]. - As of March 31, 2024, total assets amounted to approximately CNY 3.20 billion, a decrease from CNY 3.31 billion as of December 31, 2023, reflecting a decline of about 3.0%[17]. - Current assets totaled approximately CNY 1.56 billion, down from CNY 1.65 billion, indicating a decrease of around 5.2%[17]. - Total liabilities decreased from ¥2,365,131,762.03 in the previous year to ¥2,291,130,316.28 in Q1 2024, a reduction of approximately 3.1%[21]. - The company's total liabilities decreased by 4.93% as a result of repaying financing loans during the reporting period[5]. - Total current liabilities were approximately CNY 1.34 billion, a decrease from CNY 1.42 billion, indicating a decline of around 5.0%[18]. Cash Flow - The company's cash flow from operating activities increased significantly by 5,558.78% due to reduced cash payments for goods compared to the previous year[6]. - Cash received from sales of goods and services in Q1 2024 was ¥1,232,141,709.53, down from ¥1,495,168,300.96 in Q1 2023, a decline of approximately 17.6%[25]. - The net cash flow from operating activities for Q1 2024 was 43,037,846.19, a significant improvement compared to -788,415.02 in Q1 2023[26]. - Cash outflow for operating activities totaled 1,256,195,904.27, compared to 1,642,448,844.58 in Q1 2023[26]. - The ending balance of cash and cash equivalents was 134,217,656.45, an increase from 117,588,211.16 in Q1 2023[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 142,337[8]. - The top three shareholders hold a combined 22.92% of the company's shares, with the largest being Liaoning Huasheng Automotive Parts Co., Ltd. at 11.68%[8]. Investments and Claims - The company's investment income decreased by 39.23% primarily due to a decline in sales scale of joint ventures compared to the previous year[5]. - The company reported a claim amount of approximately CNY 107 million against Huachen Group, with an expected recovery of about CNY 24 million[14]. - Investment loss for Q1 2024 was -¥8,117,287.91, compared to -¥5,830,084.96 in Q1 2023, reflecting an increase in losses of about 39.1%[22]. Corporate Changes - The restructuring plan for Huachen Group was approved on August 2, 2023, with Shenyang Automotive becoming the indirect controlling shareholder[13]. - The actual controller of the company changed to Shenyang State-owned Assets Supervision and Administration Commission after the transfer of 100% equity of Huachen Group[14]. - Shenyang Automotive's registered capital increased from CNY 5 million to CNY 48.80 million following a capital increase agreement on February 5, 2024[13].