SNBC(SZ:002376)2024-04-26 13:54Revenue and Income - The company's revenue for Q1 2024 was ¥409,778,011.83, representing a 5.24% increase compared to ¥389,387,385.43 in the same period last year[7]. - Total operating revenue for Q1 2024 reached ¥409,778,011.83, an increase of 5.6% compared to ¥389,387,385.43 in Q1 2023[21]. - The company reported a 98.02% increase in other income, amounting to ¥14,036,468.43, primarily due to the recognition of deferred income[12]. - Investment income for Q1 2024 was ¥30,861,792.70, compared to ¥27,463,476.94 in Q1 2023, marking an increase of 8.7%[22]. - The company reported a significant reduction in government subsidies received, leading to a 97.50% decrease in non-operating income to ¥24,353.75[12]. Loss and Earnings - The net loss attributable to shareholders decreased by 49.43% to ¥-18,136,280.50 from ¥-35,865,877.81 year-on-year[7]. - Net loss for Q1 2024 was ¥8,607,846.51, an improvement from a net loss of ¥31,538,481.26 in Q1 2023[22]. - Total comprehensive income for the first quarter was -18,372,620.50 CNY, compared to -35,775,830.05 CNY in the same period last year, showing an improvement of approximately 48.6%[23]. - Basic and diluted earnings per share improved by 52.83%, reaching ¥-0.0283 compared to ¥-0.0600 in the previous year[7]. - Basic and diluted earnings per share were both -0.0283 CNY, an improvement from -0.0600 CNY year-over-year[23]. Cash Flow and Financial Position - The net cash flow from operating activities was ¥-25,719,183.75, a significant decline of 197.31% compared to ¥26,429,644.39 in Q1 2023[13]. - Cash flow from operating activities generated a net outflow of -25,719,183.75 CNY, a significant decline from a net inflow of 26,429,644.39 CNY in the previous year[24]. - Cash inflow from investment activities was 70,206,261.55 CNY, while cash outflow was 162,123,553.10 CNY, resulting in a net cash outflow of -91,917,291.55 CNY[26]. - Cash flow from financing activities resulted in a net outflow of -56,293,407.76 CNY, compared to -70,894,538.70 CNY in the previous year, indicating a reduction in cash outflow[26]. - The company's cash and cash equivalents decreased to ¥527,047,765.76 from ¥724,487,875.19 at the beginning of the period, representing a decline of approximately 27.2%[17]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥5,320,075,287.22, a decrease of 1.77% from ¥5,416,087,550.39 at the end of the previous year[7]. - The company's total assets decreased to ¥5,320,075,287.22 in Q1 2024 from ¥5,416,087,550.39 in Q1 2023[19]. - Total liabilities decreased to ¥1,959,135,519.33 in Q1 2024 from ¥1,988,315,300.36 in Q1 2023[19]. - The company’s equity attributable to shareholders decreased by 2.40% to ¥3,097,856,401.59 from ¥3,174,184,252.15 at the end of the previous year[7]. - The equity attributable to shareholders of the parent company was ¥3,097,856,401.59 in Q1 2024, down from ¥3,174,184,252.15 in Q1 2023[19]. Shareholder Information - As of March 31, 2024, the total number of common shareholders is 32,198, with no preferred shareholders having voting rights[14]. - The top shareholder, Weihai Beiyang Electric Group, holds 14.30% of shares, amounting to 92,738,540 shares, with 26,200,000 shares pledged[14]. - The total number of shares held by the top ten shareholders is significant, with the top two shareholders holding a combined total of 173,588,462 shares[14]. - The company holds 10,720,000 shares in its repurchase account, accounting for 1.65% of the total share capital[14]. - There are no preferred shareholders or significant changes in the status of preferred shareholders reported[15]. Operational Costs and Expenses - Total operating costs for Q1 2024 were ¥457,411,380.31, slightly up from ¥453,742,497.69 in the same period last year[21]. - R&D expenses increased to ¥91,269,118.57 in Q1 2024, compared to ¥77,519,818.37 in Q1 2023, reflecting a growth of 17.6%[21]. - Financial expenses decreased by 35.59% to ¥11,690,022.89, attributed to foreign exchange gains[12]. - The company experienced a 684.04% increase in trading financial assets, totaling ¥80,144,697.55, due to an increase in bank wealth management products[11]. - The company reported trading financial assets of ¥80,144,697.55, a significant increase from ¥10,221,974.71 at the beginning of the period[17]. Other Information - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[15]. - The company has not undergone an audit for the first quarter report[27]. - The company is implementing new accounting standards starting from 2024, which may affect future financial reporting[27].