SANAN(SH:600703)2024-04-26 12:51Financial Performance - The company's operating revenue for Q1 2024 was ¥3,557,053,177.25, representing a year-on-year increase of 22.33%[4] - The net profit attributable to shareholders decreased by 44.39% to ¥118,744,740.73 compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥32,272,680.03, an increase of 82.16% year-on-year[4] - Basic and diluted earnings per share were both ¥0.02, reflecting a decrease of 50.00% compared to the previous year[4] - The total operating revenue for Q1 2024 reached ¥3,557,053,177.25, a significant increase of 22.3% compared to ¥2,907,714,084.05 in Q1 2023[16] - The net profit for Q1 2024 was ¥118,744,740.73, a decrease of 44.4% from ¥213,541,673.83 in Q1 2023[16] - The total comprehensive income for Q1 2024 is CNY 129,124,005.09, down from CNY 206,571,766.36 in Q1 2023[21] - Basic earnings per share for Q1 2024 is CNY 0.02, down from CNY 0.04 in Q1 2023[21] - Diluted earnings per share for Q1 2024 is also CNY 0.02, compared to CNY 0.04 in Q1 2023[21] Cash Flow and Assets - The net cash flow from operating activities increased by 127.67% to ¥540,987,740.39, primarily due to increased cash receipts from sales[4] - Cash inflow from operating activities for Q1 2024 is CNY 3,938,905,305.31, an increase of 19.7% from CNY 3,289,374,251.24 in Q1 2023[21] - The net cash flow from operating activities for Q1 2024 is CNY 540,987,740.39, compared to CNY 237,621,892.43 in Q1 2023, reflecting a significant increase[21] - The ending cash and cash equivalents balance for Q1 2024 is CNY 8,155,122,620.32, up from CNY 6,951,087,000.60 at the end of Q1 2023[23] - The cash and cash equivalents stood at CNY 9.28 billion, up from CNY 8.86 billion, indicating a growth of approximately 4.73%[12] - Accounts receivable decreased to CNY 2.93 billion from CNY 3.34 billion, representing a decline of about 12.26%[12] - Inventory increased to CNY 5.44 billion from CNY 5.31 billion, showing a growth of approximately 2.44%[12] - The company reported a total of 21,473,021,841.71 in current assets, with cash and cash equivalents being a significant portion of this total[12] Shareholder Equity and Investments - Shareholders' equity attributable to the parent company was ¥37,275,645,779.27, down 2.68% from the previous year[4] - The company's total equity attributable to shareholders was ¥37,275,645,779.27, down from ¥38,303,349,738.35 in Q1 2023[14] - The company's long-term equity investments were valued at CNY 809.78 million, slightly down from CNY 818.36 million, reflecting a decrease of about 1.06%[12] - The top shareholder, Xiamen Sanan Electronics Co., Ltd., holds 1,213,823,341 shares, representing 24.33% of the total shares[8] - The second-largest shareholder, Hunan Zhentai Equity Investment Management Partnership, holds 286,368,843 shares, accounting for 5.74%[8] Liabilities and Financial Expenses - The total liabilities increased to ¥20,470,962,067.38 in Q1 2024 from ¥19,371,785,609.59 in Q1 2023, indicating a rise of 5.7%[14] - The company's cash and cash equivalents saw a notable increase, with short-term borrowings rising to ¥4,588,155,399.01 from ¥2,825,089,514.91 in the previous year[14] - The long-term borrowings decreased to ¥3,164,557,269.18 in Q1 2024 from ¥3,430,908,544.83 in Q1 2023, showing a decline of 7.8%[14] - The company reported a financial expense of -¥3,165,690.00 in Q1 2024, a significant improvement compared to ¥75,736,523.91 in Q1 2023[16] Government Subsidies and Future Outlook - The company received government subsidies amounting to ¥167,995,534.86 during the period, which contributed to the financial results[5] - The company expects significant improvement in sales scale and profitability as equipment utilization rates increase and the proportion of high-end products continues to rise[6] Operational Status - The company has not disclosed any significant changes in the shareholder structure or any related party transactions during the reporting period[11] - There were no significant reminders or alerts regarding the company's operational status during the reporting period[11]