SGEG(SH:601616)2024-04-29 10:07Financial Performance - The company's operating revenue for Q1 2024 was ¥180,722,461.13, representing a year-on-year increase of 4.04%[4] - The net profit attributable to shareholders for the same period was ¥12,810,608.13, showing a significant increase of 694.72% compared to the previous year[4] - Basic and diluted earnings per share both reached ¥0.0150, reflecting an increase of 689.81% year-on-year[4] - Total operating revenue for Q1 2024 was CNY 180,722,461.13, an increase of 4.9% compared to CNY 173,702,085.47 in Q1 2023[17] - Net profit for Q1 2024 reached CNY 17,271,363.97, a significant increase of 265.5% compared to CNY 4,717,921.40 in Q1 2023[18] - Earnings per share (EPS) for Q1 2024 was CNY 0.0150, up from CNY 0.0019 in Q1 2023[19] Cash Flow and Assets - The net cash flow from operating activities decreased by 20.54% to ¥13,512,621.36[4] - Cash flow from operating activities generated a net inflow of CNY 13,512,621.36, compared to CNY 17,005,472.02 in the previous year[22] - Cash and cash equivalents were reported at RMB 1,097,979,991.87, down from RMB 1,167,558,043.19, representing a decrease of approximately 5.94%[14] - The total cash and cash equivalents at the end of the period amounted to $1,084,991,993.21, down from $1,143,878,588.48 at the beginning of the period[23] - The net increase in cash and cash equivalents was -$58,886,595.27, compared to -$195,884,729.09 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,052,038,665.66, up 1.36% from the end of the previous year[5] - The company's current assets totaled RMB 1,817,111,016.09, compared to RMB 1,758,201,531.70 at the end of 2023, indicating an increase of about 3.34%[15] - Total liabilities reached RMB 409,476,719.91, compared to RMB 387,407,595.89 at the end of 2023, reflecting an increase of about 5.66%[16] - The company's equity decreased to RMB 2,642,561,945.75 from RMB 2,623,675,823.61, indicating a slight decline of approximately 0.72%[16] - The total equity attributable to shareholders of the parent company increased to CNY 2,479,035,081.45 from CNY 2,465,099,715.15 year-over-year[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,351[11] - The company reported a total of 10 major shareholders, with the largest being Xinyu Minjie Investment Management Co., holding 25.06% of shares[12] - The company has no significant changes in the shareholding structure or participation in margin trading activities during the reporting period[13] Operational Highlights - The increase in net profit was primarily driven by higher operating revenue, interest income, and foreign exchange gains, along with a reversal of credit impairment[9] - The company reported a tax-deductible input VAT of ¥1,207,695.46, linked to its daily production and operations[8] - The company plans to continue focusing on research and development, with R&D expenses slightly increasing to CNY 10,309,938.23 from CNY 10,296,697.10 in the previous year[17] - The company has not disclosed any new product developments or strategic acquisitions in this quarter[13] Investment Activities - Investment activities resulted in a net cash outflow of CNY 59,920,495.65, an improvement from a net outflow of CNY 216,478,979.49 in Q1 2023[22] - The company reported a financial asset impairment loss of CNY 5,153,334.86, compared to CNY 1,811,575.61 in the previous year[18] Non-Recurring Items - Non-recurring gains and losses amounted to ¥1,772,484.51, with significant contributions from government subsidies and asset impairment reversals[7] - The weighted average return on equity increased by 0.10 percentage points to 0.52%[4]