SDBH(SH:600966)2024-04-30 08:55Financial Performance - The company's operating revenue for Q1 2024 was CNY 4,398,343,825.09, representing a year-on-year increase of 5.69%[2] - The net profit attributable to shareholders of the listed company was CNY 100,528,281.66, with a net profit excluding non-recurring gains and losses of CNY 94,746,182.49[2] - In Q1 2024, the company reported a net profit of ¥100,528,281.66, a significant recovery from a net loss of ¥497,045,819.82 in Q1 2023[15] - Operating profit for Q1 2024 was ¥125,718,445.39, compared to a loss of ¥599,443,743.24 in the same period last year[15] - Total comprehensive income for the period was ¥100,628,601.49, a recovery from a loss of ¥492,635,436.16 in the previous year[16] Cash Flow - The net cash flow from operating activities increased by 185.61% to CNY 450,150,472.07 due to increased product sales and lower raw material prices[4] - The company’s cash flow from operating activities generated a net inflow of ¥450,150,472.07, a substantial increase from ¥157,607,690.01 in Q1 2023[19] - The cash inflow from operating activities totaled ¥4,210,788,754.01, compared to ¥3,896,485,346.60 in the same quarter last year, marking an increase of approximately 8%[19] - The net cash flow from investing activities was -$176,939,973.94, a significant decrease compared to $7,773,476.25 in the previous year[20] - The net cash flow from financing activities was -$462,885,628.09, contrasting with a positive $72,126,392.79 in the same quarter last year[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 23,432,510,397.82, up 5.67% from the end of the previous year[3] - Total assets increased to ¥23,432,510,397.82 from ¥22,175,682,864.73, marking a growth of about 5.7%[11] - Total liabilities rose to ¥16,663,157,901.20 from ¥15,506,958,969.60, indicating an increase of approximately 7.4%[11] - Cash and cash equivalents increased to ¥3,614,110,343.26 as of March 31, 2024, compared to ¥3,427,160,483.71 at the end of 2023, reflecting a growth of 5.5%[10] Shareholder Information - The equity attributable to shareholders of the listed company was CNY 6,769,352,496.62, an increase of 1.51% compared to the end of the previous year[3] - The company reported a total of 51,643 common shareholders at the end of the reporting period[6] - The largest shareholder, Shandong Bohui Group Co., Ltd., held 28.84% of the shares, with 385,496,958 shares pledged[6] Expenses - Total operating costs for Q1 2024 were ¥4,288,376,893.80, down from ¥4,825,634,833.71 in Q1 2023, indicating a reduction of approximately 11.1%[14] - Research and development expenses increased to ¥171,086,879.26 from ¥109,259,933.93, reflecting a growth of approximately 56.5% year-over-year[15] - The company reported a decrease in financial expenses to ¥92,905,621.84 from ¥140,735,437.70, a reduction of about 34%[15] Earnings Per Share - Basic and diluted earnings per share for Q1 2024 were ¥0.0813, compared to a loss of ¥0.4019 per share in Q1 2023[16] Other Information - The company recognized non-recurring gains of CNY 5,782,099.17 during the reporting period[4] - The company did not disclose any new product developments or market expansion strategies in this report[8] - The company is not applying new accounting standards or interpretations for the first time in 2024[20]