Shanghai Huayi (SH:600623)2024-04-29 10:07Financial Performance - The company's operating revenue for Q1 2024 was CNY 10,594,373,965.24, representing a year-on-year increase of 10.26%[9] - The net profit attributable to shareholders for Q1 2024 was CNY 151,997,870.63, showing a significant increase of 1,345.29% compared to the same period last year[9] - The basic and diluted earnings per share for Q1 2024 were both CNY 0.07, reflecting a substantial increase of 1,300.00%[5] - The weighted average return on equity increased to 0.68%, up by 0.63 percentage points from the end of the previous year[5] - The total operating revenue for Q1 2024 reached ¥10,718,462,342.15, an increase of 10.3% compared to ¥9,717,829,509.05 in Q1 2023[33] - Operating income for Q1 2024 was ¥10,594,373,965.24, up from ¥9,608,326,410.36 in Q1 2023, reflecting a growth of 10.3%[33] - The net profit for Q1 2024 was approximately ¥237.56 million, a significant increase from ¥90.44 million in Q1 2023, representing a growth of 162.5%[36] - The total comprehensive income for Q1 2024 reached ¥200.54 million, compared to ¥116.53 million in Q1 2023, indicating a year-over-year increase of 71.9%[38] Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 60,416,892,849.00, a decrease of 3.46% from the end of the previous year[5] - Total assets decreased to ¥60,416,892,849.00 in Q1 2024 from ¥62,585,256,078.44 in Q1 2023, a decline of 3.5%[31] - Total liabilities decreased to ¥33,548,233,616.44 in Q1 2024 from ¥35,801,078,506.75 in Q1 2023, a reduction of 6.3%[31] - The total equity increased slightly from ¥26,784,177,571.69 to ¥26,868,659,232.56, reflecting a growth of 0.3%[31] Cash Flow - The net cash flow from operating activities for Q1 2024 was negative at CNY -2,064,178,226.22, indicating a significant change from the previous year[9] - Cash inflows from operating activities totaled ¥8.04 billion in Q1 2024, compared to ¥7.04 billion in Q1 2023, marking an increase of 14.1%[38] - The net cash flow from operating activities was -$2.06 billion, compared to -$1.24 billion in the previous year, indicating a decline in operational cash generation[47] - The company reported a net increase in cash and cash equivalents of -$2.49 billion, compared to -$1.09 billion in the previous year, highlighting cash flow challenges[47] Shareholder Information - Total number of common shareholders at the end of the reporting period is 63,786[16] - The largest shareholder, Shanghai Huayi Holdings Group Co., Ltd., holds 788,377,345 shares, accounting for 36.99% of total shares[16] - The second largest shareholder, Shanghai Guosheng Group Co., Ltd., holds 281,587,796 shares, representing 13.21%[16] - The total number of shares held by the top ten shareholders includes 1,000,000 shares held by unknown entities[19] - The company has not disclosed any significant changes in the shareholding structure of the top ten shareholders[21] Research and Development - Research and development expenses for Q1 2024 were ¥192,414,231.55, up from ¥157,228,496.92 in Q1 2023, indicating a growth of 22.4%[33] - Research and development expenses were $29.66 million, down from $33.64 million, reflecting a cost-cutting strategy in R&D[53] Other Notable Information - Non-recurring gains and losses totaled CNY 33,407,356.64 for the quarter, with government subsidies contributing CNY 30,701,688.02[11] - The report does not indicate any new product launches or technological advancements during the quarter[21] - There are no significant mergers or acquisitions reported in the current quarter[21]