SWSC(SH:600369)2024-04-29 10:44Financial Performance - The company's operating revenue for Q1 2024 was CNY 584,509,904.72, representing a decrease of 20.77% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 229,529,418.63, showing an increase of 1.77% year-over-year[4] - The company's investment income decreased by 48.57% year-over-year to CNY 171,203,619.95[6] - The company's other business income saw a significant decline of 94.74% year-over-year, amounting to CNY 1,009,149.70[6] - The company's total equity attributable to shareholders increased to ¥25,623,857,870.78 from ¥25,410,020,799.84, reflecting a growth of 0.84%[12] - The revenue for Q1 2024 was ¥584,509,904.72, a decrease of 20.83% compared to ¥737,720,653.27 in Q1 2023[14] - The company's other comprehensive income after tax attributable to shareholders decreased to -¥15,692,347.69 from ¥46,559,998.27, indicating a significant drop[14] - Net profit for Q1 2024 was CNY 249.62 million, an increase of 19.8% from CNY 208.43 million in Q1 2023[17] - The company reported a total comprehensive income of CNY 233.88 million for Q1 2024, slightly down from CNY 259.56 million in Q1 2023[17] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 3,283,068,805.02, with no applicable year-over-year comparison[4] - The company's cash and cash equivalents decreased to ¥14,064,274,902.01 from ¥15,300,677,708.63, representing a decline of 8.06%[11] - The net cash flow from operating activities for Q1 2024 was ¥3,283,068,805.02, a significant improvement compared to a net outflow of ¥640,910,269.56 in Q1 2023[15] - Cash flow from operating activities generated CNY 3.26 billion, a significant recovery from a negative cash flow of CNY -470.40 million in Q1 2023[19] - Cash flow from investing activities showed a net inflow of CNY 868.00 million, compared to a net outflow of CNY -990.84 million in the previous year[19] - The company reported a net cash outflow from financing activities of ¥6,123,676,591.41 in Q1 2024, contrasting with a net inflow of ¥640,907,154.19 in Q1 2023[15] Assets and Liabilities - The total assets at the end of the reporting period were CNY 84,109,192,432.81, a decrease of 0.67% from the end of the previous year[4] - The total liabilities decreased to ¥58,495,176,211.06, down from ¥59,272,567,415.11, indicating a reduction of 1.30%[12] - The total liabilities to total assets ratio as of March 31, 2024, was approximately 69.5%, compared to 70.0% at the end of 2023[12] - The total assets as of March 31, 2024, amounted to ¥81,265,503,423.94, slightly up from ¥81,091,144,169.44 at the end of 2023[16] - The total liabilities decreased marginally to ¥56,333,335,340.42 from ¥56,392,858,179.50 at the end of 2023[16] Shareholder Information - Total number of common shareholders at the end of the reporting period was 130,922[7] - The largest shareholder, Chongqing Yufu Capital Operation Group Co., Ltd., holds 1,853,443,610 shares, representing 27.89% of total shares[7] - Chongqing Urban Construction Investment (Group) Co., Ltd. holds 689,293,065 shares, accounting for 10.37%[7] - Chongqing High-Speed Road Group Co., Ltd. has 275,128,400 shares, which is 4.14% of total shares[8] - The report indicates that there were no changes in the top 10 shareholders due to securities lending activities[8] Corporate Governance and Legal Matters - The company appointed Mr. Wang Wei as the vice general manager in January 2024[9] - The company reported no significant litigation or arbitration matters exceeding 10 million RMB during the reporting period[9] - The company has no major lawsuits or arbitration cases exceeding 10% of the latest audited net assets[9] - The company is currently involved in a debt default dispute with Zhengyuan Real Estate Development Co., Ltd., which is in the execution stage[10] Other Financial Metrics - The weighted average return on equity was 0.90% for the reporting period[4] - Non-recurring gains and losses totaled CNY 155,673.93, after accounting for tax effects[5] - The company's short-term financing payables decreased by 54.87% to CNY 4,434,119,532.03[6] - The company's cash inflow from interest, fees, and commissions was ¥695,212,780.85, down from ¥787,521,412.53 in Q1 2023[15] - The cash outflow for operating activities totaled ¥3,566,983,153.64 in Q1 2024, compared to ¥8,355,688,859.33 in Q1 2023[15]