SMTC(SH:600822)2024-04-29 07:35Financial Performance - The company's operating revenue for Q1 2024 was ¥893,688,455.59, representing a decrease of 56.48% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥5,163,335.40, down 96.31% year-on-year, primarily due to the previous year's gain from the transfer of 38.57% equity in a joint venture[9]. - Basic and diluted earnings per share were both ¥0.0104, reflecting a decline of 96.31% compared to the previous year[5]. - The net cash flow from operating activities was ¥249,124,014.82, a decrease of 26.07% year-on-year[5]. - Total operating revenue for Q1 2024 was CNY 893.69 million, a decrease of 56.5% compared to CNY 2,053.62 million in Q1 2023[20]. - Net profit for Q1 2024 was CNY 2.69 million, a significant decline from CNY 138.49 million in Q1 2023, representing a decrease of 98.1%[21]. - The company reported a total comprehensive income of CNY 2.83 million in Q1 2024, down from CNY 135.15 million in Q1 2023, a decline of 97.9%[22]. - The company's operating cash flow net amount for Q1 2024 was CNY 643,956.05, down from CNY 1,919,932.34 in Q1 2023[34]. - The company reported a basic and diluted earnings per share of -0.0038 in Q1 2024, down from 0.2562 in Q1 2023[31]. Assets and Liabilities - Total assets increased to ¥3,397,948,982.27, up 8.48% from the end of the previous year[6]. - The company's total assets amounted to approximately CNY 3.40 billion, an increase from CNY 3.13 billion as of December 31, 2023, representing a growth of about 8.5%[15]. - The company's total liabilities increased to CNY 2,201.49 million in Q1 2024, up from CNY 1,938.83 million in Q1 2023, marking an increase of 13.5%[22]. - The total assets as of March 31, 2024, were ¥1,226,551,546.31, up from ¥1,159,202,774.64 at the end of 2023[29]. - The total liabilities as of March 31, 2024, were ¥297,621,800.14, an increase from ¥228,398,103.76 at the end of 2023[29]. Cash Flow - The company's cash and cash equivalents reached CNY 1.16 billion, up from CNY 1.04 billion, indicating a growth of approximately 11.7%[15]. - Total cash inflow from operating activities in Q1 2024 was ¥1,051,059,885.79, down 55% from ¥2,325,077,385.48 in Q1 2023[26]. - Cash outflow from operating activities in Q1 2024 was ¥801,935,870.97, a decrease of 60% compared to ¥1,988,098,061.61 in Q1 2023[26]. - The net cash flow from investing activities in Q1 2024 was -¥743,374.56, compared to ¥371,053,509.84 in Q1 2023[26]. - Cash flow from financing activities in Q1 2024 was -¥25,905,321.16, an improvement from -¥90,049,954.31 in Q1 2023[26]. - The total cash and cash equivalents at the end of Q1 2024 was ¥1,093,731,348.37, an increase from ¥983,964,206.72 at the end of Q1 2023[27]. Inventory and Current Assets - Total current assets increased to CNY 2.91 billion from CNY 2.65 billion, reflecting a rise of around 9.2%[16]. - The company's inventory stood at CNY 1.25 billion, compared to CNY 1.20 billion, marking an increase of about 4.2%[16]. - Short-term borrowings decreased to CNY 60.40 million from CNY 89.76 million, a reduction of approximately 32.7%[16]. - Accounts payable rose to CNY 1.67 billion from CNY 1.41 billion, representing an increase of about 18.4%[16]. - The company reported a significant increase in prepayments, which rose to CNY 185.38 million from CNY 52.68 million, indicating a growth of approximately 251.5%[16]. Shareholder Information - Shareholders' equity attributable to the parent company was ¥1,159,527,997.56, a slight increase of 0.47% from the end of the previous year[6]. - The total equity attributable to shareholders of the parent company was CNY 1,159.53 million in Q1 2024, slightly up from CNY 1,154.15 million in Q1 2023, reflecting a growth of 0.3%[18]. - The company has no significant changes in the top 10 shareholders or their shareholding status during the reporting period[13]. - The company maintains a stable financial position with no significant changes in the nature of its major shareholders[13]. Future Strategy - The company plans to focus on market expansion and new product development as part of its future strategy, although specific details were not provided in the financial report[20]. - The company is actively monitoring the progress of land acquisition for its subsidiary, Shanghai Bailian Automotive Service Trade Co., Ltd.[13]. Other Financial Metrics - Non-recurring gains and losses amounted to ¥840,930.16, with significant contributions from government subsidies and other non-operating income[8]. - The weighted average return on net assets was 0.4463%, down 12.4574% from the previous year[6]. - The company did not conduct an audit for the Q1 financial statements[4]. - The company's cash inflow from investment activities in Q1 2024 was ¥8,321,629.89, significantly lower than ¥373,126,258.61 in Q1 2023[26]. - The cash outflow for investment activities in Q1 2024 was ¥9,065,004.45, compared to ¥2,072,748.77 in Q1 2023[26]. - The financial expenses for Q1 2024 were CNY -253,107.01, a decrease from CNY -740,766.31 in Q1 2023[30]. - The company received CNY 93,000,000.00 from financing activities in Q1 2024, compared to CNY 36,000,000.00 in Q1 2023[34]. - The company’s management expenses increased to CNY 6,336,276.95 in Q1 2024 from CNY 4,658,073.57 in Q1 2023[30].