SHD(SH:600630)2024-04-28 07:36Financial Performance - The company's operating revenue for Q1 2024 was CNY 463,011,984.77, representing a year-on-year increase of 2.21%[5] - Net profit attributable to shareholders was CNY 18,724,475.06, reflecting a significant increase of 48.87% compared to the same period last year[5] - Basic earnings per share increased by 33.33% to CNY 0.04 per share[6] - The weighted average return on equity rose by 44.92% to 2.59%[6] - Total revenue for Q1 2024 reached 23,039,783.68 CNY, a 37.5% increase compared to 16,774,428.33 CNY in Q1 2023[20] - Net profit for Q1 2024 was 19,401,352.58 CNY, up 53.5% from 12,624,593.19 CNY in Q1 2023[20] - Operating profit increased to 19,706,269.56 CNY, compared to 16,530,312.53 CNY in the same period last year, reflecting a growth of 19.5%[20] - The company reported a total comprehensive income of 19,386,760.32 CNY, an increase of 51.5% from 12,817,355.63 CNY in the previous year[21] - Basic earnings per share for Q1 2024 was 0.04 CNY, compared to 0.03 CNY in Q1 2023, indicating a 33.3% increase[21] Cash Flow and Expenses - The net cash flow from operating activities decreased by 55.98% to CNY 39,715,388.12, primarily due to increased procurement payments[8] - Cash flow from operating activities generated a net amount of 39,715,388.12 CNY, down 56.1% from 90,230,882.61 CNY in Q1 2023[24] - The company incurred interest expenses of 3,499,350.21 CNY in Q1 2024, down from 4,456,776.52 CNY in Q1 2023, a decrease of 21.5%[20] - Total operating costs for Q1 2024 were 445,782,236.01 CNY, up from 440,893,480.23 CNY in Q1 2023, indicating a marginal increase of 1.9%[20] - Research and development expenses were 5,532,875.12 CNY, slightly down from 5,648,256.74 CNY in Q1 2023[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,663,569,025.94, down 4.81% from the end of the previous year[6] - Current assets totaled ¥1,217,265,046.37 as of March 31, 2024, a decrease of 5.4% from ¥1,287,230,303.11 on December 31, 2023[15] - Cash and cash equivalents amounted to ¥435,189,420.04, slightly up from ¥430,927,276.10 at the end of 2023[14] - Accounts receivable decreased to ¥254,311,270.31 from ¥294,349,305.50, reflecting a reduction of 13.6%[14] - Inventory decreased to ¥345,142,070.56, down 9.0% from ¥379,347,990.99[14] - Total liabilities decreased to ¥910,680,996.11 from ¥1,014,185,376.02, a reduction of 10.2%[16] - Total equity increased to ¥752,888,029.83 from ¥733,501,269.47, reflecting a growth of 2.1%[16] - Non-current assets totaled ¥446,303,979.57, down from ¥460,456,342.38, a decrease of 3.1%[15] - Short-term borrowings decreased to ¥180,286,736.10 from ¥210,171,111.11, a decline of 14.2%[15] Shareholder Information - The company reported a total of 99,162 common shareholders at the end of the reporting period[10] - The largest shareholder, Shanghai Textile (Group) Co., Ltd., holds 30.08% of the shares, totaling 127,811,197 shares[10] Non-Recurring Items - Non-recurring gains and losses amounted to CNY 4,369,891.43, with government subsidies and other income contributing significantly[7] - The company has implemented strict expense control measures, leading to a decrease in operating expenses compared to the previous year[8] Loss Improvement - The company reported a net loss of ¥646,339,599.90, an improvement from a loss of ¥665,064,074.96 in the previous year[16]