Financial Performance - Total revenue for the first quarter of 2024 was RMB 20,586,986 thousand, representing a decrease of 3.30% compared to the same period last year[6]. - Operating income for the same period was RMB 20,446,608 thousand, down by 3.31% year-on-year[7]. - Net profit attributable to shareholders of the listed company was RMB 32,009 thousand, a significant decline of 91.27% compared to the previous year[7]. - Basic and diluted earnings per share were both RMB 0.0021, reflecting a decrease of 91.06% year-on-year[7]. - Operating profit for Q1 2024 was 801,983, down 11.5% from 906,960 in Q1 2023[19]. - Net profit for Q1 2024 was 553,200, a decline of 20.2% compared to 693,072 in Q1 2023[20]. - Other comprehensive income after tax for Q1 2024 was -144,167, compared to -64,440 in Q1 2023, indicating a worsening position[20]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 278,649,841 thousand, a decrease of 1.63% from the end of the previous year[7]. - Total assets decreased to 278,649,841 from 283,266,567, a reduction of 1.9%[16]. - Total liabilities decreased to 201,405,088 from 206,339,927, a reduction of 2.0%[16]. - Equity attributable to shareholders of the listed company was RMB 52,700,043 thousand, down by 0.19% compared to the end of the previous year[7]. - Non-current assets increased to 92,694,572 from 91,439,849, an increase of 1.4%[16]. Cash Flow - The net cash flow from operating activities was negative RMB 6,932,238 thousand, indicating a significant cash outflow[7]. - Cash inflow from operating activities for Q1 2024 was RMB 28,964,683 thousand, an increase of 7.6% compared to RMB 25,982,534 thousand in Q1 2023[24]. - Net cash flow from operating activities for Q1 2024 was -RMB 6,932,238 thousand, an improvement from -RMB 9,230,945 thousand in Q1 2023[24]. - Total cash outflow from operating activities was RMB 35,896,921 thousand in Q1 2024, compared to RMB 35,213,479 thousand in Q1 2023[24]. - Cash received from the sale of goods and services in Q1 2024 was RMB 27,727,378 thousand, an increase from RMB 24,875,004 thousand in Q1 2023[24]. - The company reported a decrease in cash received from tax refunds to RMB 146,335 thousand in Q1 2024 from RMB 153,249 thousand in Q1 2023[24]. Investment and Financing Activities - Cash inflow from investment activities for Q1 2024 was RMB 3,770,615 thousand, up from RMB 3,308,145 thousand in Q1 2023[25]. - Net cash flow from investment activities for Q1 2024 was RMB 829,368 thousand, a significant recovery from -RMB 1,161,426 thousand in Q1 2023[25]. - Cash inflow from financing activities for Q1 2024 was RMB 6,258,630 thousand, compared to RMB 3,707,886 thousand in Q1 2023, reflecting a 68.5% increase[25]. - Net cash flow from financing activities for Q1 2024 was RMB 1,426,398 thousand, slightly down from RMB 1,454,807 thousand in Q1 2023[25]. - The ending cash and cash equivalents balance for Q1 2024 was RMB 33,594,008 thousand, down from RMB 34,767,565 thousand in Q1 2023[25]. Expenses - Research and development expenses for Q1 2024 were 1,014,255, up from 985,482 in Q1 2023, reflecting a growth of 2.5%[19]. - The company reported a decrease in total operating costs to 19,994,249 from 21,245,908, a decline of 5.9%[19]. - Non-operating income and expenses totaled RMB 151,591 thousand, with government subsidies contributing RMB 135,333 thousand[10]. - The company reported a fair value loss of RMB 249 million on financial assets, which was a significant factor in the decline of net profit[12].
上海电气(02727) - 2024 Q1 - 季度业绩