SD(SH:600626)2024-04-29 07:56Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,897,175,306.70, representing a year-on-year increase of 10.30%[6] - The net profit attributable to shareholders was a loss of CNY 10,330,133.55, with a basic and diluted earnings per share of -0.0078 CNY[6] - The net cash flow from operating activities was a negative CNY 57,842,582.77, indicating a significant decrease compared to the previous year[6] - The company reported a significant increase in sales volume, contributing to a reduction in net loss compared to the previous year[9] - The net profit for Q1 2024 was a loss of ¥1,971,100.06, an improvement from a loss of ¥141,780,549.58 in Q1 2023[24] - In Q1 2024, the company reported a total comprehensive income of CNY 27,172,349.64, compared to a loss of CNY 118,633,178.56 in Q1 2023[25] - The company reported a basic and diluted earnings per share of CNY -0.0078, an improvement from CNY -0.0859 in Q1 2023[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,165,103,382.94, down 5.96% from the end of the previous year[7] - The total assets as of the end of Q1 2024 amounted to ¥10,165,103,382.94, a decrease from ¥10,809,728,529.46 at the end of Q1 2023[22] - The total liabilities decreased to ¥6,629,279,228.90 in Q1 2024 from ¥7,301,076,725.06 in Q1 2023, reflecting a reduction of 9.2%[21] - The company's cash and cash equivalents decreased to ¥60,364,983.22 from ¥70,046,220.93 year-over-year, a decline of 13.5%[20] - Cash and cash equivalents at the end of Q1 2024 were CNY 1,299,884,002.60, down from CNY 1,509,053,246.35 at the end of Q1 2023[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,255[10] - The largest shareholder, Shanghai Shenda (Group) Co., Ltd., holds 39.41% of the shares, totaling 520,514,373 shares[11] - The company reported a total of 5% or more shareholders, with significant holdings from Shanghai Shenda Group Co., Ltd. at 264,826,979 shares, representing 20.0% of total shares[12] - The top 10 shareholders collectively hold a significant portion of the company's shares, with the largest shareholder holding 20.0%[12] - The company has engaged in securities lending activities, with Shanghai Junhe Licheng Investment Management Center lending 5,739,900 shares, which is 0.43% of total shares[14] - The company has seen changes in its shareholder structure due to securities lending, with new entries and exits among the top shareholders[15] Cash Flow and Investments - The company incurred a net cash outflow from investing activities of CNY -74,711,101.41, compared to CNY -61,606,796.33 in Q1 2023[28] - The total cash inflow from financing activities was CNY 439,195,527.79, while cash outflow was CNY 1,122,922,433.84, resulting in a net cash flow of CNY -683,726,906.05[28] - The company received CNY 103,614,884.45 in tax refunds, slightly up from CNY 102,412,006.37 in Q1 2023[27] - The company paid CNY 656,196,953.60 in employee compensation, an increase from CNY 598,729,088.81 in the previous year[28] Operational Costs and Expenses - Total operating costs for Q1 2024 were ¥2,896,511,982.45, up from ¥2,771,192,095.66 in Q1 2023, reflecting a year-over-year increase of 4.5%[23] - Research and development expenses for Q1 2024 were ¥33,198,200.22, slightly down from ¥36,387,183.62 in Q1 2023, indicating a decrease of 8.0%[23] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 111,009.52, primarily due to government subsidies and asset disposal gains[8] - The weighted average return on net assets was -0.32%, an improvement from -3.10% in the same period last year[9] - The long-term equity investments increased slightly to ¥781,075,528.24 in Q1 2024 from ¥777,357,004.29 in Q1 2023, showing a growth of 0.2%[20] - The company has not reported any significant new strategies or product developments in this quarter[18]