SCG(SH:600170)2024-04-29 07:41Financial Performance - The company's operating revenue for Q1 2024 was ¥74,737,002,255.38, representing a year-on-year increase of 12.89%[4] - The net profit attributable to shareholders for Q1 2024 was ¥290,347,123.09, reflecting a growth of 13.35% compared to the same period last year[4] - The basic earnings per share for Q1 2024 was ¥0.020, a decrease of 4.76% year-on-year[4] - Total operating revenue for Q1 2024 reached ¥74.74 billion, an increase of 12.7% compared to ¥66.21 billion in Q1 2023[17] - Net profit for Q1 2024 was ¥329.30 million, up from ¥259.26 million in Q1 2023, representing a growth of 27%[19] - Total comprehensive income for the first quarter of 2024 reached CNY 300,805,647.92, up from CNY 207,180,008.37 in the same period last year, representing an increase of approximately 45%[20] - The company reported a basic earnings per share of CNY 0.020, slightly down from CNY 0.021 in the previous year[20] - The company's cash flow from operating activities showed improvement, with a net increase in cash flow compared to the previous quarter[28] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to ¥350,189,944,247.22, down 8.35% from the end of the previous year[5] - The company's total liabilities decreased to ¥294.80 billion in Q1 2024 from ¥330.87 billion in Q1 2023, a reduction of approximately 10.9%[16] - The total equity attributable to shareholders increased to ¥45.23 billion in Q1 2024, compared to ¥41.05 billion in Q1 2023, reflecting a growth of 10.6%[16] - The company's total current assets decreased to CNY 54,568,530,561.24 from CNY 62,187,691,069.28 year-over-year, reflecting a decline of approximately 12.6%[24] - The company's total liabilities decreased to CNY 90,399,522,130.55 from CNY 80,884,964,281.28, indicating a reduction in overall debt levels[24] Cash Flow - The net cash flow from operating activities was -¥25,315,710,230.23, showing a decrease of 10.32% year-on-year[4] - Net cash flow from operating activities was negative at CNY -25,315,710,230.23, compared to CNY -22,947,697,467.45 in Q1 2023, indicating a decline in cash generation[22] - The total cash outflow from operating activities was CNY 48.09 billion, up from CNY 35.47 billion in Q1 2023, indicating increased operational costs[30] - The company's cash and cash equivalents at the end of Q1 2024 stood at CNY 19.33 billion, down from CNY 25.03 billion at the beginning of the quarter[31] Strategic Focus - The company is focusing on five major strategic battles, including market expansion and technological innovation, to enhance operational efficiency[11] - The company is actively developing new technologies and platforms, including a digital BIM management system and environmental risk management systems[12] - The company aims to strengthen its position in the aviation market and explore low-altitude economic opportunities[12] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[28] - The company plans to continue its strategy of reducing liabilities while maintaining a strong asset base to support future growth[26] Research and Development - Research and development expenses rose to ¥1.37 billion in Q1 2024, compared to ¥1.25 billion in Q1 2023, marking an increase of 9.5%[17] - Research and development expenses increased to ¥64,267,481.25 in Q1 2024 from ¥33,847,842.23 in Q1 2023, marking a growth of 89.9%[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 161,023[7] - The largest shareholder, Shanghai Construction Group Co., Ltd., held 30.26% of the shares, totaling 2,688,670,545 shares[8]