SXN(SH:600661)2024-04-29 10:51Financial Performance - The company's operating revenue for Q1 2024 was CNY 279,032,431.56, representing a year-on-year increase of 47.42%[7] - The net profit attributable to shareholders for the same period was CNY 10,836,168.09, with a significant improvement in operational efficiency compared to the previous year[10] - Total operating revenue for Q1 2024 reached ¥279,032,431.56, a significant increase of 47.4% compared to ¥189,278,164.81 in Q1 2023[27] - Net profit for Q1 2024 was ¥13,008,703.75, a turnaround from a net loss of ¥29,826,030.96 in Q1 2023[29] - Earnings per share for Q1 2024 were ¥0.0400, compared to a loss per share of ¥0.1146 in Q1 2023[29] - The company reported a total comprehensive income of ¥12,332,890.90 for Q1 2024, compared to a loss of ¥29,826,030.96 in Q1 2023[29] Cash Flow - The net cash flow from operating activities was negative at CNY -8,453,566.46, reflecting a decrease of 169.91% due to increased employee compensation payments[10] - Cash inflow from operating activities in Q1 2024 was ¥294,768,859.97, an increase from ¥275,627,876.12 in Q1 2023[31] - The net cash flow from operating activities for Q1 2024 was -19,588,995.96, worsening from -15,103,497.91 in Q1 2023[44] - The net cash flow from investing activities for Q1 2024 was -58,855,501.44, compared to -64,103,311.15 in Q1 2023, indicating a slight improvement[44] - The net cash flow from financing activities for Q1 2024 was 88,771,192.51, down from 125,526,786.30 in Q1 2023[45] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,424,699,511.33, a decrease of 1.95% from the previous year[7] - The total current assets decreased to RMB 677,083,060.10 from RMB 728,673,649.41, representing a decline of about 7.05%[22] - The total liabilities as of Q1 2024 were ¥1,240,152,359.46, slightly down from ¥1,246,275,871.10 in the previous quarter[26] - The total liabilities increased to 1,285,557,849.74 RMB from 1,182,172,438.10 RMB in the previous period[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,877[12] - The company's major shareholder, China Jin Investment (Group) Co., Ltd., and its concerted parties held a total of 68,156,380 shares, accounting for 23.79% of the total share capital as of March 31, 2024[15] - Shanghai Changjia Investment Co., Ltd. and its concerted parties held a total of 45,368,004 shares, representing 15.83% of the total share capital[16] - The company repurchased 143,400 shares, which is 0.05% of the total share capital, as part of its share repurchase plan[16] Operational Efficiency - The basic and diluted earnings per share for the quarter were both CNY 0.0400, with no applicable year-on-year comparison[7] - The weighted average return on equity increased by 18.44 percentage points to 9.36%[7] - The company's accounts receivable increased from RMB 26,271,638.30 to RMB 29,358,747.20, an increase of approximately 11.16%[21] - The company's inventory decreased from RMB 15,027,511.69 to RMB 12,409,798.90, a decline of about 17.43%[21] Expenses - Total operating costs for Q1 2024 were ¥265,294,101.31, up 25.8% from ¥210,841,427.50 in Q1 2023[27] - Research and development expenses decreased to ¥3,044,242.69 in Q1 2024 from ¥6,392,202.11 in Q1 2023, reflecting a reduction of 52.3%[28] - The company's financial expenses increased to ¥4,151,368.30 in Q1 2024 from ¥2,102,546.92 in Q1 2023, marking a rise of 97.4%[28] - Management expenses decreased to 17,477,965.93 RMB from 23,041,824.67 RMB year-over-year[40]