Sunway(SH:603333)2024-04-26 12:54Financial Performance - The company's operating revenue for Q1 2024 was ¥252,271,771.72, representing a decrease of 28.85% compared to the same period last year[3]. - The net profit attributable to shareholders of the listed company was -¥16,516,892.76, a decline of 1,047.06% year-on-year[3]. - Basic and diluted earnings per share were both -¥0.03, reflecting a decrease of 1,000.00% compared to the same period last year[3]. - Net profit for Q1 2024 was a loss of ¥16,560,280.80, compared to a profit of ¥1,700,736.86 in Q1 2023, indicating a significant decline in profitability[16]. - The company's gross profit margin decreased, with gross profit for Q1 2024 at ¥40,325,831.93, down from ¥68,190,774.19 in Q1 2023[15]. - The total comprehensive income for Q1 2024 was ¥17,895,606.63, compared to a loss of ¥2,646,904.73 in Q1 2023[17]. Cash Flow - The net cash flow from operating activities was ¥10,753,650.48, down 60.51% from the previous year[3]. - The net cash flow from operating activities for Q1 2024 was ¥10,753,650.48, a decrease of 60.5% compared to ¥27,228,675.80 in Q1 2023[21]. - Total cash inflow from operating activities was ¥456,258,222.97, up 16.7% from ¥391,069,856.02 in the previous year[21]. - Cash outflow from operating activities increased to ¥445,504,572.49, compared to ¥363,841,180.22 in Q1 2023, reflecting a rise of 22.5%[21]. - The net cash flow from investing activities was -¥14,812,736.72, an improvement from -¥61,104,334.72 in the same quarter last year[22]. - Cash inflow from financing activities totaled ¥216,000,000.00, an increase of 11.9% from ¥193,000,000.00 in Q1 2023[22]. - The net cash flow from financing activities was ¥46,423,808.89, a significant recovery from -¥78,281,144.11 in the previous year[22]. - The ending balance of cash and cash equivalents was ¥463,581,578.82, down from ¥539,075,143.69 at the end of Q1 2023[22]. - The company reported a cash inflow of ¥208,000,000.00 from borrowings, which increased from ¥124,000,000.00 in Q1 2023[22]. - Cash outflow for debt repayment was ¥145,000,000.00, a decrease of 28.4% compared to ¥202,500,000.00 in the previous year[22]. - The impact of exchange rate changes on cash and cash equivalents was ¥1,770.37, a recovery from -¥88,402.99 in Q1 2023[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,310,961,966.62, a decrease of 1.22% from the end of the previous year[3]. - As of March 31, 2024, the total current assets amounted to RMB 2,312,402,281.23, a decrease from RMB 2,355,004,103.09 at the end of 2023, reflecting a decline of approximately 1.8%[9]. - The total assets as of March 31, 2024, were RMB 3,310,961,966.62, down from RMB 3,351,705,525.44, reflecting a decrease of approximately 1.2%[10]. - Total liabilities decreased to RMB 1,158,075,030.27 from RMB 1,218,250,337.70, a decline of about 4.9%[11]. - The company reported a short-term loan of RMB 555,093,679.70, which increased from RMB 544,126,588.32, indicating a rise of about 2.0%[11]. - The total equity remained stable at RMB 621,527,586.00, unchanged from the previous period[11]. Shareholder Information - The equity attributable to shareholders of the listed company increased by 0.91% to ¥2,154,344,949.89 compared to the end of the previous year[3]. - The company has a significant shareholder structure, with the top three shareholders holding a combined 46.53% of the shares[8]. - The company did not report any significant changes in the participation of major shareholders in securities lending or borrowing activities[8]. Other Financial Metrics - Non-recurring gains and losses for the period totaled ¥584,139.42, with government subsidies contributing ¥938,624.30[4]. - Accounts receivable financing decreased by 48.73%, mainly due to the receipt of bank acceptance bills[5]. - Other receivables increased by 116.64%, attributed to an increase in bid guarantees and business reserves[5]. - Inventory increased to RMB 314,787,129.20 from RMB 263,476,459.89, showing a growth of around 19.5%[10]. - Research and development expenses for Q1 2024 were ¥14,182,558.89, a decrease of 23% from ¥18,457,753.87 in Q1 2023[15]. - The total operating costs for Q1 2024 were ¥274,222,238.47, down from ¥354,478,224.75 in Q1 2023, reflecting a reduction of approximately 23%[15]. - The company's net profit decline was primarily due to a 28.85% drop in sales revenue and a 3.25 percentage point decrease in gross margin[5]. - Cash received from sales of goods and services in Q1 2024 was ¥355,178,278.09, slightly down from ¥357,190,824.29 in Q1 2023[20]. - The total equity attributable to shareholders of the parent company increased to ¥2,154,344,949.89 in Q1 2024 from ¥2,134,869,813.25 in Q1 2023[16]. - The company reported a significant increase in other comprehensive income, totaling ¥34,455,887.43 in Q1 2024, compared to a loss of ¥4,347,641.59 in Q1 2023[16].