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 for the same period was CNY 100,528,281.66, with a net profit excluding non-recurring items of CNY 94,746,182.49[2] - The net cash flow from operating activities increased significantly by 185.61%, amounting to CNY 450,150,472.07[4] - The weighted average return on equity rose by 9.43 percentage points to 1.50%[4] - The company reported a net profit margin improvement, with net income figures to be detailed in future reports[14] - 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] - Revenue from sales of goods and services reached ¥4,149,763,446.57, up from ¥3,765,925,930.46 in Q1 2023, indicating a growth of approximately 10.2%[18] - Total comprehensive income for the period was ¥100,628,601.49, compared to a loss of ¥492,635,436.16 in the same quarter last year[16] Assets and Liabilities - Total assets at the end of the reporting period were CNY 23,432,510,397.82, up 5.67% from the previous year[3] - The equity attributable to shareholders increased to CNY 6,769,352,496.62, reflecting a 1.51% rise compared to the end of the previous year[3] - Total liabilities rose to ¥16,663,157,901.20 from ¥15,506,958,969.60, indicating an increase of approximately 7.4%[11] - Total assets amounted to ¥23,432,510,397.82, compared to ¥22,175,682,864.73 at the end of 2023, marking an increase of 5.7%[11] - Shareholders' equity increased to ¥6,769,352,496.62 from ¥6,668,723,895.13, reflecting a growth of about 1.5%[12] Cash Flow - 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] - 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 company received cash related to operating activities totaling ¥4,210,788,754.01, an increase from ¥3,896,485,346.60 in the previous year[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] - Total cash inflow from financing activities amounted to $2,547,381,859.26, down from $3,847,285,197.76 year-over-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] - The cash and cash equivalents at the end of the period totaled $900,645,653.23, compared to $769,572,163.89 at the end of the previous year[20] - The company experienced a net decrease in cash and cash equivalents of -$190,262,638.60, compared to an increase of $239,376,248.90 in the prior year[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,643[6] - The largest shareholder, Shandong Bohui Group Co., Ltd., holds 28.84% of the shares, amounting to 385,496,958 shares[6] Government Support and Costs - The company received government subsidies amounting to CNY 12,507,252.94, which positively impacted its financial performance[4] - The company reported a decrease in raw material prices, which contributed to a reduction in product costs and improved profitability[4] - 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 - Research and development expenses rose to ¥171,086,879.26, up from ¥109,259,933.93 in the previous year, reflecting a focus on innovation[15] Tax and Financial Management - The company’s tax expenses for Q1 2024 were ¥21,063,205.68, contrasting with a tax benefit of ¥100,690,737.76 in Q1 2023[15] - The company reported a decrease in financial expenses to ¥92,905,621.84 from ¥140,735,437.70, indicating improved financial management[15] Future Outlook - Future outlook includes plans for market expansion and potential new product launches, although specific details were not disclosed in the current report[14] Accounting Standards - The company did not apply new accounting standards or interpretations starting in 2024[20]