SHHDKJ(SH:603192)2024-04-29 08:11Financial Performance - The company's operating revenue for Q1 2024 was CNY 670,520,698.01, representing a year-on-year increase of 14.43%[5] - The net profit attributable to shareholders for the same period was CNY 14,731,908.85, reflecting a growth of 16.78% compared to the previous year[5] - The basic earnings per share (EPS) for Q1 2024 was CNY 0.11, which is an increase of 22.22% year-on-year[6] - The net profit for Q1 2024 was CNY 14,731,908.85, an increase of 16.8% compared to CNY 12,614,833.40 in Q1 2023[24] - The total profit before tax for Q1 2024 was CNY 14,649,814.80, slightly down from CNY 14,947,685.27 in Q1 2023[23] - The company's total revenue for Q1 2024 was ¥400,724,080.79, representing an increase from ¥346,498,209.92 in Q1 2023, which is a growth of approximately 15.6%[33] - The net profit for Q1 2024 was ¥12,497,615.19, compared to ¥4,411,754.33 in Q1 2023, indicating a significant increase of approximately 183.5%[34] Cash Flow - The net cash flow from operating activities was negative at CNY -139,286,343.00, a decline of 108.03% compared to the previous year, primarily due to increased receivables and prepayments[10] - The company reported a net cash outflow from operating activities of CNY -139,286,343.00, worsening from CNY -66,956,164.25 in the previous year[27] - The net cash flow from operating activities for Q1 2024 was -$51.62 million, compared to -$11.31 million in Q1 2023, indicating a significant decline in operational cash flow[37] - Total cash inflow from operating activities was $399.05 million, while total cash outflow was $450.67 million, resulting in a net cash outflow of $51.62 million[37] - The company reported a net cash outflow from investing activities of CNY -16,187,708.54 in Q1 2024, an improvement from CNY -24,228,354.54 in Q1 2023[28] - Cash flow from investing activities showed a net outflow of -$566.16 thousand, compared to -$18.15 million in the previous year, reflecting a decrease in investment losses[37] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to CNY 2,261,678,322.04, down 3.36% from the end of the previous year[6] - Total current assets decreased to RMB 1,694,352,029.05 from RMB 1,761,023,865.55, a decline of 3.8%[17] - Total liabilities decreased to RMB 802,546,224.71 from RMB 897,309,891.07, a reduction of 10.5%[19] - Total assets as of March 31, 2024, were RMB 2,261,678,322.04, down from RMB 2,340,274,294.55, indicating a decrease of 3.4%[19] - The total liabilities decreased to ¥524,447,342.62 in Q1 2024, down from ¥606,330,533.15 in Q4 2023, which is a reduction of approximately 13.5%[31] Equity and Earnings - The return on equity (ROE) increased by 0.12 percentage points to 1.02% at the end of the reporting period[6] - The company reported a decrease in total equity attributable to shareholders, which was CNY 1,459,132,097.33, an increase of 1.12% from the previous year[6] - The company's retained earnings increased to RMB 561,036,253.68 from RMB 546,304,344.83, an increase of 2.7%[19] - The company's total equity increased to ¥1,416,556,276.41 from ¥1,403,492,838.83, representing a growth of about 0.9%[32] Operational Efficiency - Total operating costs for Q1 2024 were CNY 656,969,428.93, up from CNY 569,259,713.28 in Q1 2023, representing a 15.4% increase[23] - Research and development expenses decreased to CNY 14,470,155.44 in Q1 2024 from CNY 20,877,353.66 in Q1 2023, a reduction of 30.8%[23] - The company's R&D expenses for Q1 2024 were ¥12,518,548.25, down from ¥14,589,308.57 in Q1 2023, indicating a decrease of about 14.2%[33] Management Outlook - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[1] - The management emphasized the importance of maintaining cash flow and managing receivables effectively to improve financial stability[10]