SRX(SH:605168)2024-04-29 08:05Financial Performance - The company's operating revenue for Q1 2024 was ¥936,449,161.54, representing a year-on-year increase of 0.60%[12] - The net profit attributable to shareholders for Q1 2024 was ¥48,658,416.06, a decrease of 65.53% compared to the same period last year[12] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥48,370,738.61, down 42.31% year-on-year[12] - The basic earnings per share for Q1 2024 was ¥0.33, reflecting a decline of 76.26% compared to the previous year[12] - The company reported a comprehensive income total of ¥48,643,709.19 for Q1 2024, compared to ¥142,696,812.64 in Q1 2023, a decline of approximately 66.0%[28] - The company’s net profit for Q1 2024 was $48.64 million, compared to $142.70 million in Q1 2023, representing a decline of 66.0%[60] - Total operating income for Q1 2024 was $1.07 billion, down from $1.27 billion in Q1 2023, reflecting a decrease of approximately 15.3%[55] - The total revenue from sales and services received in Q1 2024 was $974.89 million, down from $1.26 billion in Q1 2023, a decrease of approximately 22.3%[55] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,623,351,574.61, a decrease of 5.72% from the end of the previous year[13] - The company's total liabilities decreased by 17.63% to ¥1,631,559,100.00 compared to the beginning of the period[21] - Total assets amounted to ¥4,623,351,574.61, a decrease from ¥4,904,028,193.35 in the previous year, reflecting a decline of approximately 5.7%[25] - Total liabilities decreased to ¥1,631,559,094.58 from ¥1,980,825,378.83, representing a reduction of about 17.6%[26] - Current liabilities decreased to ¥1,449,644,831.80 from ¥1,794,412,868.98, a reduction of approximately 19.2%[25] - The total current assets decreased from RMB 3,683,304,127.09 as of December 31, 2023, to RMB 3,398,703,773.26 as of March 31, 2024[49] Cash Flow - The company's cash flow from operating activities was -¥277,051,854.21, with an improvement of ¥21,196,640.00 compared to the same period last year[21] - In Q1 2024, the company reported a net cash flow from operating activities of -$277.05 million, an improvement from -$489.02 million in Q1 2023, indicating a 43.3% reduction in cash outflow[55] - Cash flow from investing activities showed a net outflow of -$22.80 million in Q1 2024, compared to -$6.20 million in Q1 2023, reflecting a significant increase in cash outflow[63] - Cash flow from financing activities generated a net inflow of $14.49 million in Q1 2024, a decrease from $240.41 million in Q1 2023, indicating a decline of 94.0%[63] Equity and Shareholder Information - The equity attributable to shareholders increased by 1.67% to ¥2,963,999,938.63 at the end of the reporting period[21] - The total equity attributable to shareholders increased to ¥2,963,999,938.63 from ¥2,915,395,566.28, reflecting a growth of about 1.7%[26] - The basic earnings per share decreased by 76.26% as a result of the distribution of stock dividends and a 45% increase in the number of shares[39] Operational Insights - The company plans to enhance customer service and invest in AI marketing technology, increasing R&D expenses during the reporting period[21] - The company is focusing on enhancing professional capabilities and service quality while adapting to market changes, particularly in AI and big data applications[45] - The company aims to stabilize profit margins and accelerate accounts receivable recovery as part of its high-quality development strategy[45] Non-Recurring Items - The net profit attributable to shareholders of the listed company decreased by 65.53% due to significant fluctuations in the stock price of an investment in a subsidiary, resulting in substantial fair value changes[39] - The net profit excluding non-recurring gains and losses decreased by 42.31%, primarily due to delays in the execution of high-margin projects[39] - Non-operating gains and losses amounted to RMB 287,677.45, with government subsidies contributing RMB 241,298.99[38] Cost and Expense Management - Operating costs increased to $884.79 million in Q1 2024 from $838.82 million in Q1 2023, marking a rise of 5.5%[60] - Research and development expenses rose to $12.29 million in Q1 2024, up from $11.43 million in Q1 2023, indicating an increase of 7.5%[60] - The company reported a tax expense of $6.89 million in Q1 2024, down from $19.47 million in Q1 2023, reflecting a decrease of 64.7%[60]