SFX(SH:600370)2024-04-29 09:17Financial Performance - The company's operating revenue for Q1 2024 was ¥5,415,666,045.58, representing a year-on-year increase of 9.36%[12] - The net profit attributable to shareholders of the listed company was -¥31,413,557.17, a decrease of 130.80% compared to the same period last year[12] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥32,093,363.91, down 131.21% year-on-year, primarily due to a decline in sales prices of main products[12] - The basic earnings per share were -¥0.0081, reflecting a decrease of 130.92% year-on-year[12] - The diluted earnings per share were -¥0.0048, down 120.78% compared to the same period last year[12] - The net profit for Q1 2024 was a loss of RMB 31,413,557.17, compared to a profit of RMB 101,976,815.38 in Q1 2023, indicating a significant decline[38] - The total comprehensive income for Q1 2024 was a loss of RMB 31,377,972.32, compared to a gain of RMB 102,492,794.32 in Q1 2023[38] Assets and Liabilities - The total assets at the end of the reporting period were ¥18,355,543,272.01, an increase of 14.06% compared to the end of the previous year[15] - The company's total current assets increased to CNY 10,956,630,263.33, up from CNY 9,149,282,465.02 as of December 31, 2023, representing a growth of approximately 19.7%[27] - The company's cash and cash equivalents rose significantly to CNY 3,312,120,539.99 from CNY 2,109,386,676.85, marking an increase of about 57.1%[27] - Total non-current assets reached CNY 7,398,913,008.68, compared to CNY 6,943,884,423.35 at the end of 2023, reflecting an increase of approximately 6.5%[29] - The company's total liabilities increased to CNY 12,090,148,369.57 from CNY 9,796,396,507.47, indicating a rise of about 23.5%[30] - The total equity attributable to shareholders decreased slightly to CNY 6,265,394,902.44 from CNY 6,296,770,380.90, a decline of approximately 0.5%[30] Cash Flow - The net cash flow from operating activities was ¥22,897,184.81, with an increase in cash received from sales of goods and services[12] - The company reported a net cash flow from operating activities of RMB 22,897,184.81 in Q1 2024, a recovery from a negative cash flow of RMB -368,668,407.31 in Q1 2023[43] - The net cash flow from financing activities was CNY 1,677,568,229.30, a decrease of 21.3% compared to CNY 2,133,225,187.94 in the previous period[45] - Cash and cash equivalents at the end of the period totaled CNY 2,272,168,312.43, down from CNY 2,538,420,043.64 in the previous period[45] - The total cash inflow from financing activities was CNY 3,297,815,168.50, compared to CNY 3,694,499,849.03 in the previous period, reflecting a decrease of 10.7%[45] Expenses - Total operating costs increased to RMB 5,448,409,139.86 in Q1 2024, up from RMB 4,902,243,198.60 in Q1 2023, reflecting a rise of 11.2%[32] - Research and development expenses increased to RMB 2,418,720.90 in Q1 2024, compared to RMB 1,301,912.62 in Q1 2023, marking an increase of 86.3%[32] - The company recorded a significant increase in sales expenses, which rose to RMB 6,727,840.99 in Q1 2024 from RMB 3,760,990.18 in Q1 2023, an increase of 78.5%[32] - The company’s financial expenses, including interest expenses, rose significantly to RMB 34,919,924.73 in Q1 2024 from RMB 76,939.78 in Q1 2023[32] Investments - Investment income for Q1 2024 was RMB 2,681,324.79, a decrease from RMB 88,940,164.96 in Q1 2023, indicating a decline in investment performance[32] Inventory and Receivables - The company's inventory rose to CNY 3,573,604,233.48 from CNY 3,149,813,413.15, an increase of approximately 13.5%[27] - The accounts receivable increased to CNY 3,561,008,708.39 from CNY 3,442,401,206.68, reflecting a growth of about 3.4%[27]