qscc(SH:600425)2024-04-29 09:49Financial Performance - The company's operating revenue for Q1 2024 was ¥491,447,052.38, representing a decrease of 20.74% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥14,014,999.14, a decline of 297.87% year-on-year[3]. - Basic earnings per share were -¥0.009, reflecting a decrease of 295.65% year-on-year[3]. - Net profit for Q1 2024 was a loss of ¥19.91 million, compared to a profit of ¥8.30 million in Q1 2023, representing a significant decline[18]. - Operating profit for Q1 2024 was a loss of ¥11.74 million, contrasting with a profit of ¥11.56 million in Q1 2023[17]. - Cash flow from operating activities for Q1 2024 was a net outflow of ¥43.33 million, compared to a net outflow of ¥39.08 million in Q1 2023[22]. - The company incurred a tax expense of ¥7.90 million in Q1 2024, compared to ¥4.12 million in Q1 2023[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,657,589,100.04, a slight decrease of 0.38% from the end of the previous year[4]. - The company's current assets totaled RMB 3,752,536,459.30, showing a marginal increase from RMB 3,751,139,941.81 in the previous period[13]. - Cash and cash equivalents decreased to RMB 1,514,243,684.73 from RMB 1,611,177,917.71, reflecting a decline of approximately 6.02%[13]. - Accounts receivable decreased to RMB 296,694,447.38 from RMB 304,538,523.79, a reduction of about 2.8%[13]. - Total liabilities decreased slightly to RMB 3,209,381,768.97 from RMB 3,228,119,661.08, a decrease of about 0.58%[15]. - The company's equity attributable to shareholders decreased to RMB 6,216,518,216.44 from RMB 6,228,601,755.31, a decline of approximately 0.19%[15]. - Long-term borrowings increased to RMB 710,440,680.85 from RMB 658,033,143.61, reflecting an increase of about 7.5%[15]. - The company reported a total current liability of RMB 2,371,756,022.44, down from RMB 2,451,335,837.22, a decrease of approximately 3.25%[15]. Operational Highlights - The company's R&D expenses increased by 100% compared to the same period last year, indicating a focus on innovation[6]. - The company's inventory increased by 30.67%, attributed to the stockpiling of production materials[6]. - The company reported a significant increase in prepayments by 322.27%, mainly due to advances for technological transformation projects[6]. - The number of ordinary shareholders at the end of the reporting period was 68,439[8]. - The largest shareholder, Aral Tongzhong State-owned Capital Investment Operation Group, held 36.60% of the shares, amounting to 587,281,267 shares[10]. Cash Flow Activities - Cash flow from investing activities for Q1 2024 was a net outflow of ¥113.68 million, compared to a net outflow of ¥22.68 million in Q1 2023[23]. - Cash flow from financing activities for Q1 2024 was a net inflow of ¥59.13 million, down from a net inflow of ¥217.41 million in Q1 2023[23]. - The total cash and cash equivalents at the end of Q1 2024 were ¥1.50 billion, a decrease from ¥1.15 billion at the end of Q1 2023[23]. General Information - The company has not reported any new significant business activities or strategies during the reporting period[12].