上工申贝(600843) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,088,208,650.63, representing a year-on-year increase of 27.89%[3] - The net profit attributable to shareholders decreased by 54.04% to CNY 16,161,295.18, primarily due to increased costs from the newly consolidated Shanghai Shangong Feir Automotive Parts Co., Ltd.[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 45.45% to CNY 6,973,765.17[4] - The basic and diluted earnings per share were both CNY 0.0227, down 53.96% compared to the previous year[3] - The weighted average return on equity decreased by 0.61 percentage points to 0.4778%[3] - The net profit for Q1 2024 was CNY 18,081,755.41, a decrease of 51.4% from CNY 37,169,808.82 in Q1 2023[15] - The total comprehensive income for Q1 2024 is -¥21,719,757.97, compared to ¥36,366,538.55 in Q1 2023, indicating a significant drop in overall profitability[16] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,460,256,840.41, an increase of 9.58% from the end of the previous year[3] - The equity attributable to shareholders decreased by 1.00% to CNY 3,322,252,938.18[3] - The total current liabilities increased to CNY 2,253,502,212.52 in Q1 2024, up 30.8% from CNY 1,723,952,690.13 in Q1 2023[12] - The inventory as of March 31, 2024, was CNY 1,369,463,456.88, an increase of 20.0% from CNY 1,142,228,721.73 at the end of 2023[10] Cash Flow - The operating cash flow for Q1 2024 is -¥115,211,461.09, an improvement from -¥136,624,465.30 in Q1 2023, showing a reduced cash outflow[19] - Cash inflow from operating activities totaled ¥979,841,163.60 in Q1 2024, up from ¥776,763,801.94 in Q1 2023, marking an increase of approximately 26%[19] - Cash outflow from operating activities increased to ¥1,095,052,624.69 in Q1 2024, compared to ¥913,388,267.24 in Q1 2023, reflecting a rise of about 20%[19] - The ending cash and cash equivalents balance for Q1 2024 is ¥863,779,667.56, an increase from ¥638,882,595.50 in Q1 2023, representing a growth of approximately 35%[20] Investments and Acquisitions - The company acquired 80% equity of Shanghai Feir Automotive Parts Co., Ltd. as part of its strategic expansion[7] - The company completed the acquisition of Shanghai Feir Automotive Parts Co., Ltd. on January 2, 2024, and changed its name to Shanghai Shangong Feir Automotive Parts Co., Ltd.[8] - The net cash flow from investing activities for Q1 2024 is ¥22,176,836.63, a turnaround from -¥165,174,781.46 in Q1 2023, indicating a positive shift in investment cash flow[19] Other Income and Expenses - The company recognized non-operating income of CNY 9,187,530.01 during the period, primarily from government subsidies and other income[5] - Research and development expenses for Q1 2024 were CNY 42,582,332.62, an increase of 28.5% compared to CNY 33,146,612.30 in Q1 2023[15] - The company reported an investment income of CNY 3,985,617.20 for Q1 2024, compared to CNY 1,492,269.40 in Q1 2023, indicating a significant increase[15] - The company received tax refunds amounting to ¥12,634,597.72 in Q1 2024, compared to ¥8,780,884.53 in Q1 2023, indicating an increase of approximately 44%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 73,956, with the top ten shareholders holding significant stakes[6]