SMC(SH:600823)2024-04-29 14:45Financial Performance - The company's operating revenue for Q1 2024 was ¥1,033,490,969.65, representing a decrease of 7.10% compared to the same period last year[6]. - The net profit attributable to shareholders of the listed company was -¥64,471,477.51, a decline of 143.25% year-on-year[6]. - Basic and diluted earnings per share were both -¥0.02, reflecting a decrease of 144.29% year-on-year[6]. - Net profit for Q1 2024 was a loss of ¥234,582,084.77, compared to a profit of ¥155,539,641.02 in Q1 2023[21]. - The company reported an operating profit loss of ¥278,914,327.09 in Q1 2024, down from a profit of ¥202,920,584.76 in Q1 2023[20]. Cash Flow - The net cash flow from operating activities decreased by 64.19% to ¥323,898,112.80, primarily due to a decline in sales collections[9]. - Cash inflow from operating activities was ¥1,995,327,999.79 in Q1 2024, down from ¥2,727,499,338.40 in Q1 2023[23]. - Cash outflow from operating activities totaled ¥1,671,429,886.99 in Q1 2024, compared to ¥1,823,064,486.73 in Q1 2023[23]. - The net cash flow from operating activities for Q1 2024 was $323.90 million, a decrease from $904.43 million in the previous year[24]. - The net cash flow from investing activities was -$645,727.12, compared to $52.56 million in the previous year, indicating a significant decline[24]. - The net cash flow from financing activities was -$283.95 million, down from -$866.43 million year-over-year, showing an improvement[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥108,819,682,621.55, down 11.22% from the end of the previous year[6]. - As of March 31, 2024, the total assets of the company amounted to CNY 108.82 billion, a decrease from CNY 122.58 billion as of December 31, 2023, reflecting a decline of approximately 11.2%[16]. - The company's current assets totaled CNY 55.49 billion, down from CNY 67.23 billion at the end of 2023, indicating a reduction of about 17.5%[16]. - The total liabilities decreased to CNY 54.49 billion from CNY 66.58 billion, a reduction of approximately 18.2%[17]. - The total liabilities decreased to ¥91,368,176,099.93 in Q1 2024 from ¥104,848,228,637.91 in Q1 2023[20]. Expenses - The company reported a significant increase in selling expenses by 597.69%, mainly due to higher marketing and planning costs[9]. - Total operating costs increased to ¥1,140,331,317.65 in Q1 2024, up 3.3% from ¥1,104,300,046.73 in Q1 2023[20]. - The company reported a significant increase in sales expenses to ¥47,564,616.47 in Q1 2024, compared to ¥6,817,454.99 in Q1 2023[20]. Equity and Investments - The company’s equity investments decreased to CNY 696.47 million from CNY 868.04 million, a decrease of approximately 19.7%[17]. - Total equity decreased to ¥17,451,506,521.62 in Q1 2024 from ¥17,730,243,198.79 in Q1 2023[20]. - The company disposed of assets related to the Zhuhai New Area project, leading to a significant reduction in both held-for-sale assets and liabilities[10]. Future Outlook - The company has not provided a clear outlook or guidance for future performance due to ongoing investigations and uncertainties surrounding its financial reporting[3].