SACO(002025)2024-04-25 11:17Financial Performance - The company's operating revenue for Q1 2024 was ¥1,613,746,590.12, a decrease of 9.47% compared to ¥1,782,508,589.39 in the same period last year[3] - Net profit attributable to shareholders was ¥225,504,083.74, representing an increase of 2.68% from ¥219,621,738.62 year-on-year[3] - The net cash flow from operating activities was -¥366,584,114.30, a decline of 26.30% compared to -¥290,237,402.35 in the previous year[3] - Total revenue for Q1 2024 was CNY 1,613,746,590.12, a decrease of 9.47% compared to CNY 1,782,508,589.39 in the same period last year[19] - The net profit for the first quarter of 2024 was CNY 254,172,594.36, an increase from CNY 248,740,638.86 in the same period last year, representing a growth of approximately 1.73%[20] - Operating profit for the first quarter was CNY 280,802,581.49, compared to CNY 274,963,561.80 in the previous year, reflecting an increase of about 2.99%[20] - The total profit for the quarter was CNY 280,816,380.05, up from CNY 275,107,718.20 year-over-year, indicating a growth of around 2.58%[20] - The company reported a decrease in sales expenses to CNY 36,197,760.29, down from CNY 40,407,098.60 in the same period last year[19] - The total comprehensive income for the quarter was CNY 254,172,594.36, compared to CNY 248,740,638.86 in the same quarter last year, reflecting a growth of about 2.03%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥11,418,125,848.86, reflecting a growth of 2.43% from ¥11,147,663,498.68 at the end of the previous year[3] - The total liabilities amounted to CNY 3,873,680,282.19, an increase of 0.33% from CNY 3,866,448,308.78 in the previous period[18] - The company's equity attributable to shareholders increased to CNY 6,517,471,575.60, up from CNY 6,283,491,749.90 in the previous period[18] - The company's cash and cash equivalents at the end of Q1 2024 were CNY 2,968,903,048.67, a decrease of 13.00% from CNY 3,407,953,843.79 at the beginning of the period[16] - Cash and cash equivalents at the end of the period totaled CNY 2,928,937,604.50, compared to CNY 1,791,991,304.08 at the end of the same period last year, marking an increase of approximately 63.4%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,212[10] - Aerospace Jiangnan Group Co., Ltd. holds 37.25% of the shares, amounting to 170,164,760 shares[10] - Guizhou Meiling Power Supply Co., Ltd. holds 3.61% of the shares, amounting to 16,504,995 shares[10] - The top ten shareholders collectively hold significant stakes, with the largest shareholder controlling 41.37% of the company through subsidiaries[11] - The company has no shareholders participating in margin financing and securities lending activities[11] - The report indicates that there are no changes in the top ten shareholders due to margin financing activities[13] - The total number of preferred shareholders is not applicable, as there are no preferred shares issued[15] - The company maintains a stable shareholder structure with no significant changes in shareholding percentages among major shareholders[12] Operational Metrics - The net accounts receivable increased by 32.80% to ¥4,158,476,506.13 due to changes in the settlement model of defense sector clients[6] - The balance of prepayments rose by 49.97% to ¥73,210,407.46, primarily due to increased procurement prepayments[7] - Other income increased by 255.77% to ¥25,099,140.41, attributed to higher government subsidies received during the reporting period[8] - The weighted average return on equity was 3.53%, down from 3.79% in the same period last year, indicating a decrease of 0.26%[3] - The company's financial expenses decreased by 311.37% to -¥2,608,676.26, mainly due to increased interest income[8] - The net cash flow from financing activities was -¥3,552,317.49, a significant decline of 118.55% compared to ¥19,151,875.18 in the previous year[8] Research and Development - The net profit margin for Q1 2024 was impacted by increased R&D expenses, which rose to CNY 136,425,957.62, up 12.14% from CNY 121,640,932.20 in Q1 2023[19] Audit and Reporting - The company has not undergone an audit for the first quarter report[22] - The company has not disclosed any new strategies or product developments in the current report[14] - The report does not indicate any market expansion or acquisition activities during the quarter[14]