SCSF(SH:600779)2024-04-26 12:04Financial Performance - The company's operating revenue for Q1 2024 was RMB 933,356,003.28, representing a year-on-year increase of 9.38%[4] - The net profit attributable to shareholders was RMB 186,295,507.50, reflecting a growth of 16.82% compared to the same period last year[4] - The basic earnings per share for Q1 2024 was RMB 0.3825, up by 16.76% year-on-year[4] - Operating profit for Q1 2024 was ¥248,777,862.10, compared to ¥213,934,324.38 in Q1 2023, representing a growth of 16.3%[20] - Net profit for Q1 2024 was ¥186,295,507.50, an increase from ¥159,478,536.48 in Q1 2023, marking a rise of 16.8%[20] - The total comprehensive income for the current period is 186,295,507.50, compared to 159,478,536.48 in the previous period, reflecting an increase of approximately 16.8%[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative RMB 102,209,643.46, showing a significant increase of 527.32% in outflow compared to the previous year[4] - Cash inflow from operating activities totaled 983,994,252.80, compared to 894,517,614.14 in the previous period, reflecting an increase of approximately 10%[24] - Cash outflow from operating activities was 1,086,203,896.26, compared to 910,810,556.62 in the previous period, resulting in a net cash flow from operating activities of -102,209,643.46, a decline from -16,292,942.48[24] - The company's cash and cash equivalents were RMB 1,965,051,261.29, down from RMB 2,349,522,256.26, reflecting a decline of 16.38%[16] - The ending balance of cash and cash equivalents is 1,964,314,174.81, compared to 1,567,788,933.81 in the previous period, representing an increase of approximately 25.3%[25] Assets and Liabilities - Total assets at the end of Q1 2024 were RMB 8,276,578,841.91, a decrease of 1.76% from the end of the previous year[5] - Total liabilities for Q1 2024 were ¥3,768,732,677.13, down from ¥4,030,562,214.17 in Q1 2023, indicating a reduction of 6.5%[18] - As of March 31, 2024, the company's total current assets amounted to RMB 4,603,074,913.70, a decrease of 6.13% from RMB 4,903,540,230.13 on December 31, 2023[16] Shareholder Information - The equity attributable to shareholders increased by 2.58% to RMB 4,507,846,164.78 compared to the end of the previous year[5] - The top shareholder, Sichuan Chengdu Shui Jing Fang Group Co., Ltd., holds 193,996,444 shares, representing a significant portion of the company's equity[12] - The total number of shares held by the top ten unrestricted shareholders is 334,000,000, indicating concentrated ownership[12] - The company has not reported any changes in the borrowing or lending of shares among the top shareholders during the reporting period[12] Operational Insights - Accounts receivable increased by 262.62%, primarily due to significant new credit sales not yet settled[8] - Inventory stood at RMB 2,545,160,470.11, showing an increase of 3.77% compared to RMB 2,452,103,965.77 as of December 31, 2023[16] - Research and development expenses for Q1 2024 were ¥5,956,777.37, slightly down from ¥6,306,106.01 in Q1 2023, showing a decrease of 5.6%[20] - The company plans to continue expanding its market presence and is focused on new product development and technological advancements[12] Share Repurchase - The company repurchased 1,524,400 shares through centralized bidding, contributing to a net cash flow from financing activities of RMB 4,280,640[9] - The company has repurchased 1,747,600 shares at a total cost of RMB 85,091,113.64, as part of a plan to buy back shares worth between RMB 75 million and RMB 150 million[13] Government Support - The company received government subsidies amounting to RMB 41,642,354.97, which positively impacted non-recurring gains[6] Financial Ratios - The weighted average return on equity decreased by 0.36 percentage points to 4.15%[4]