Hundsun(SH:600570)2024-04-29 08:42Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,187,570,167.18, representing a year-on-year increase of 5.13%[6] - The net profit attributable to shareholders was CNY -36,142,433.43, a decrease of 116.28% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 21,470,413.98, down 71.28% year-on-year[6] - Net profit for Q1 2024 was a loss of CNY 35,169,409.03, compared to a profit of CNY 223,609,353.89 in Q1 2023, indicating a significant decline[21] - The company's operating profit for Q1 2024 was a loss of CNY 37,236,798.63, down from a profit of CNY 247,981,086.38 in the same period last year[21] - Basic and diluted earnings per share for Q1 2024 were both CNY -0.02, compared to CNY 0.12 in Q1 2023[22] Cash Flow - The net cash flow from operating activities was CNY -1,146,466,605.83, which is not applicable for year-on-year comparison[6] - Cash flow from operating activities in Q1 2024 was CNY 817,525,880.58, a decrease from CNY 879,407,609.37 in Q1 2023[25] - In Q1 2024, the net cash flow from operating activities was -$1.15 billion, compared to -$1.02 billion in Q1 2023, indicating a decline in operational cash flow[26] - The company reported a total cash outflow from operating activities of approximately $2.11 billion, up from $2.00 billion in Q1 2023[26] Assets and Liabilities - The total assets at the end of the reporting period were CNY 13,200,585,190.21, a decrease of 8.03% from the end of the previous year[7] - The company's current assets totaled ¥4,917,025,564.08, down from ¥6,070,009,818.68, indicating a decrease of about 19.01%[17] - The company's total liabilities decreased to ¥4,491,025,000.00 from ¥5,000,000,000.00, reflecting a reduction of about 10.18%[17] - The total liabilities as of Q1 2024 were CNY 4,397,515,072.60, down from CNY 5,509,007,744.76 in the previous year[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 163,970[12] - The largest shareholder, Hangzhou Hengsheng Electronic Group Co., Ltd., held 20.72% of the shares[12] - The company reported a total of 393,743,087 shares held by Hangzhou Hengsheng Electronic Group Co., Ltd., the largest shareholder[13] Revenue Breakdown - The revenue from wealth technology services decreased by 20.34% year-on-year, while the revenue from asset management technology services increased by 13.64%[10] - The company reported a significant increase of 80.25% in other business areas, reaching CNY 4,710.57[10] Expenses - Research and development expenses for Q1 2024 amounted to CNY 560,774,040.85, compared to CNY 540,674,188.06 in Q1 2023, showing an increase of 3.7%[20] - The company paid approximately $1.64 billion to employees and for employee-related expenses, an increase from $1.58 billion in the same quarter last year[26] - The cash outflow for purchasing goods and services was approximately $118.21 million, compared to $81.45 million in Q1 2023[26] Other Financial Metrics - The weighted average return on net assets was -0.45%, a decrease of 3.66 percentage points compared to the previous year[7] - The company reported a foreign exchange loss of CNY -66,950,125.24 in Q1 2024, contrasting with a gain of CNY 163,570,590.20 in Q1 2023[21] - The company did not implement new accounting standards or interpretations in 2024[28]