SZNH(SH:600736)2024-04-29 09:41Financial Performance - The company's operating revenue for Q1 2024 reached ¥4,220,251,442.49, representing a year-on-year increase of 43.78%[5] - The net profit attributable to shareholders was ¥111,538,137.11, reflecting a growth of 9.47% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 98.25% to ¥80,603,041.14[5] - Basic earnings per share for the quarter were ¥0.07, up by 16.67% year-on-year[5] - The weighted average return on equity increased by 0.06 percentage points to 1.06%[5] - Net profit for Q1 2024 was ¥360,194,687.69, compared to ¥178,333,875.00 in Q1 2023, representing a growth of 102.5%[18] - The total comprehensive income for Q1 2024 was ¥361,529,054.29, compared to ¥248,729,401.43 in Q1 2023, indicating a significant increase of about 45.3%[19] Cash Flow - The net cash flow from operating activities was negative at -¥1,838,579,859.33, indicating a significant cash outflow[5] - The net cash flow from operating activities for Q1 2024 was -¥1,838,579,859.33, worsening from -¥887,909,363.90 in Q1 2023[22] - Cash inflow from operating activities totaled ¥2,338,206,504.20 in Q1 2024, up from ¥1,965,204,045.10 in Q1 2023, marking an increase of approximately 18.9%[22] - Cash outflow from operating activities increased to ¥4,176,786,363.53 in Q1 2024, compared to ¥2,853,113,409.00 in Q1 2023, reflecting a rise of about 46.4%[22] - The net cash flow from investing activities was -¥1,300,501,520.99 in Q1 2024, compared to -¥367,738,193.82 in Q1 2023, indicating a decline in cash flow from investments[23] - The net cash flow from financing activities for Q1 2024 was ¥1,769,273,994.94, down from ¥2,610,667,052.26 in Q1 2023, indicating a decrease of about 32.1%[23] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to ¥70,660,221,703.17, a decrease of 1.34% from the end of the previous year[6] - Current assets totaled ¥47,272,163,264.16, down from ¥49,184,683,157.09 as of December 31, 2023, indicating a decrease of 3.7%[14] - Non-current assets increased to ¥23,388,058,439.01 from ¥22,432,754,868.47, marking a growth of 4.3%[14] - Total liabilities decreased to ¥52,033,639,123.25 from ¥53,816,561,489.96, a reduction of 3.3%[15] - The total assets as of March 31, 2024, amounted to ¥33,545,590,971.13, compared to ¥32,957,999,576.11 as of March 31, 2023, reflecting an increase of approximately 1.8%[26] - Total liabilities increased to CNY 26.14 billion in Q1 2024, up from CNY 25.58 billion in Q1 2023, representing a growth of 2.2%[27] Research and Development - The company reported a significant increase in research and development expenses, which rose to ¥8,492,896.32 in Q1 2024 from ¥5,768,892.11 in Q1 2023, an increase of 47.2%[18] - Research and development expenses for Q1 2024 were not specified, but management expenses increased to CNY 10.48 million from CNY 8.93 million in Q1 2023[29] Government Support - The company received government subsidies amounting to ¥50,320,110.60, which positively impacted its financial performance[6] Accounting Standards - The company will implement new accounting standards starting from 2024, affecting the financial statements from the beginning of the year[34] - The announcement was made by the board of directors on April 29, 2024[34] - The report indicates that the new standards or interpretations will not apply to the current financial year[34] - The company is focused on ensuring compliance with the new accounting regulations[34] Miscellaneous - No specific financial performance metrics or user data were disclosed in this document[34] - There are no mentions of future outlook or performance guidance in the report[34] - The document does not provide information on new product or technology developments[34] - There are no details regarding market expansion or mergers and acquisitions[34] - The report does not outline any new strategic initiatives[34] - The document is a formal announcement regarding the adoption of accounting standards[34]