SDHP(SH:603021)2024-04-26 12:42Financial Performance - The company's operating revenue for Q1 2024 was CNY 101,921,734.62, representing a decrease of 25.23% compared to the same period last year[7]. - The net profit attributable to shareholders was CNY -30,447,732.57, an increase of 34.09% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -29,834,292.32, reflecting a 35.38% increase compared to the previous year[7]. - The company reported a net loss of CNY 25,883,768.06 for Q1 2024, compared to a net loss of CNY 17,733,000.00 in Q1 2023[16]. - The net profit for Q1 2024 was -30,710,002.89 RMB, compared to -46,629,890.12 RMB in Q1 2023, showing an improvement of approximately 34.2% year-over-year[17]. - Operating profit for Q1 2024 was -32,365,306.50 RMB, an improvement from -46,476,749.84 RMB in the same period last year[17]. - The total comprehensive income for Q1 2024 was -30,710,002.89 RMB, an improvement from -46,629,890.12 RMB in Q1 2023[18]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY -9,991,919.78, a decline of 161.38% year-on-year, primarily due to government subsidies received in the same period last year[8]. - Cash flow from operating activities for Q1 2024 was -9,991,919.78 RMB, compared to -3,822,723.28 RMB in Q1 2023, indicating a worsening cash flow situation[20]. - The company reported a decrease in cash flow from operating activities, indicating potential challenges in maintaining liquidity moving forward[20]. - Cash and cash equivalents decreased to CNY 40,619,077.67 from CNY 64,101,894.26, a decline of 36.5%[13]. - Cash and cash equivalents at the end of Q1 2024 were 28,203,189.62 RMB, down from 72,576,094.10 RMB at the end of Q1 2023[21]. - The net cash flow from investing activities was 42,748,201.60 RMB in Q1 2024, slightly down from 43,587,014.93 RMB in Q1 2023[20]. - The company incurred a total cash outflow of 49,119,429.42 RMB from financing activities in Q1 2024, compared to 77,408,945.15 RMB in Q1 2023[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,761,122,380.41, down 4.33% from the end of the previous year[7]. - Total assets as of March 31, 2024, were CNY 1,761,122,380.41, down from CNY 1,840,779,591.40 at the end of 2023[15]. - Total liabilities decreased to CNY 1,598,985,852.36 from CNY 1,649,991,207.78, a reduction of 3.1%[14]. - The equity attributable to shareholders decreased by 12.80% to CNY 176,290,780.05 compared to the end of the previous year[7]. Operational Metrics - Total operating revenue for Q1 2024 was CNY 101,921,734.62, a decrease of 25.2% compared to CNY 136,317,355.38 in Q1 2023[16]. - Total operating costs for Q1 2024 were CNY 128,945,661.68, down 30.0% from CNY 184,079,367.69 in Q1 2023[16]. - Gross profit margin for Q1 2024 was approximately -26.5%, compared to a positive margin in Q1 2023[16]. - Total revenue from sales in Q1 2024 was 76,751,856.26 RMB, down 33.2% from 114,907,523.30 RMB in Q1 2023[19]. - The company reported a basic and diluted earnings per share of -0.10 RMB for Q1 2024, compared to -0.14 RMB in Q1 2023[18]. - The basic and diluted earnings per share were both CNY -0.10, an increase of 28.57% year-on-year[7]. - The weighted average return on equity was -16.29%, a decrease of 6.47 percentage points compared to the previous year[7]. Future Plans - The company plans to enhance product sales and management efforts to improve gross margins moving forward[8]. - The company plans to focus on cost reduction and efficiency improvement strategies in the upcoming quarters[16]. - The company reported a non-recurring loss of CNY -613,440.24, primarily from asset disposal and government subsidies[10].