SGP(SH:603586)2024-04-26 10:48Financial Performance - The company's operating revenue for Q1 2024 was CNY 375,337,104.39, representing a decrease of 18.37% compared to the same period last year[3]. - The net profit attributable to shareholders for Q1 2024 was CNY 17,344,989.75, down 61.79% year-on-year[3]. - The basic earnings per share for Q1 2024 was CNY 0.09, reflecting a decline of 60.87% compared to the previous year[3]. - Total operating revenue for Q1 2024 was approximately ¥375.34 million, a decrease of 18.3% compared to ¥459.81 million in Q1 2023[19]. - Net profit for Q1 2024 was approximately ¥17.34 million, a decline of 61.8% from ¥45.40 million in Q1 2023[20]. - Total comprehensive income for Q1 2024 was approximately ¥14.39 million, down 69.6% from ¥47.28 million in Q1 2023[21]. - The total comprehensive income for Q1 2024 was ¥1.59 million, a decrease of 87.1% compared to ¥12.37 million in Q1 2023[33]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 17,052,168.35, indicating a decrease of 144.80%[3]. - Cash flow from operating activities for Q1 2024 was negative at approximately -¥17.05 million, a significant drop from positive cash flow of ¥38.06 million in Q1 2023[23]. - The company's cash and cash equivalents decreased to RMB 730,543,316.80 from RMB 747,648,901.37, reflecting a decline of about 2.4%[13]. - The company's cash and cash equivalents decreased to ¥707,037,474.14 at the end of Q1 2024, down from ¥758,595,689.36 in Q1 2023, representing a decline of 6.8%[24]. - The cash flow from operating activities showed a net outflow of ¥21.30 million in Q1 2024, worsening from a net outflow of ¥2.33 million in Q1 2023[36]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 2,655,274,742.45, a slight increase of 0.95% from the end of the previous year[4]. - The company's total assets as of March 31, 2024, amounted to ¥2,035,041,705.33, an increase from ¥2,007,056,044.33 at the end of 2023[28]. - Total liabilities as of March 31, 2024, were RMB 382,805,655.57, compared to RMB 373,006,225.26 at the end of 2023, showing an increase of about 2.2%[15]. - The total liabilities increased to ¥297,363,105.82 in Q1 2024 from ¥271,375,381.78 at the end of 2023, reflecting a rise of 9.6%[28]. - The company's non-current assets totaled RMB 935,759,518.70, down from RMB 962,590,114.96, representing a decrease of about 2.8%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,266[9]. - The largest shareholder, Shandong Jinqilin Investment Management Co., Ltd., holds 46.25% of the shares[9]. Expenses and Investment - Research and development expenses for Q1 2024 were approximately ¥15.48 million, a decrease of 12% from ¥17.56 million in Q1 2023[19]. - Sales expenses increased to approximately ¥10.27 million in Q1 2024, up 14.4% from ¥8.98 million in Q1 2023[19]. - Investment income for Q1 2024 showed a loss of approximately -¥4.11 million, compared to a gain of ¥1.79 million in Q1 2023[19]. - The company reported a significant increase in financial expenses, with interest expenses rising to ¥667.78 thousand in Q1 2024 from ¥2.12 million in Q1 2023[32]. Inventory and Receivables - Accounts receivable increased to RMB 560,117,118.64 from RMB 513,882,592.37, marking an increase of approximately 9.0%[13]. - Inventory rose to RMB 359,667,621.85 from RMB 352,479,436.46, indicating a growth of around 2.0%[13]. - The company's inventory as of March 31, 2024, was ¥192,150,507.29, a slight decrease from ¥198,408,469.37 at the end of 2023[27]. Equity and Retained Earnings - The total equity attributable to shareholders increased to RMB 2,272,469,086.88 from RMB 2,257,366,951.50, reflecting a growth of approximately 0.7%[15]. - The company's retained earnings increased to ¥288,431,041.39 in Q1 2024, up from ¥283,887,271.72 at the end of 2023[29]. - The company reported a total equity of ¥1,737,678,599.51 as of March 31, 2024, slightly up from ¥1,735,680,662.55 at the end of 2023[29].