SIFANG(601126)2024-04-29 09:31Financial Performance - The company's operating revenue for Q1 2024 reached ¥1,544,819,376.34, representing a year-on-year increase of 31.21%[6] - The net profit attributable to shareholders was ¥181,055,147.35, reflecting a growth of 27.55% compared to the same period last year[6] - The company reported a basic earnings per share of ¥0.22, which is a 29.41% increase year-on-year[6] - The company achieved a weighted average return on equity of 4.18%, an increase of 0.73 percentage points compared to the previous year[6] - The total revenue for Q1 2024 reached ¥1,544,819,376.34, representing an increase from ¥1,177,398,697.64 in Q1 2023, which is approximately a 31.2% growth[20] - In Q1 2024, the company reported a net profit of ¥9,691,173.62, a decrease from ¥13,580,313.13 in the same period last year, representing a decline of approximately 28%[26] - The total profit for the quarter was ¥10,314,130.36, down from ¥15,669,953.85, indicating a decline of approximately 34%[26] - The net profit for Q1 2024 was ¥181,968,932.43, up from ¥142,426,411.28 in Q1 2023, reflecting a growth of approximately 27.7%[45] Cash Flow - The net cash flow from operating activities was reported at -¥146,322,329.88, a significant decrease from ¥7,688,293.75 in Q1 2023[7] - Operating cash inflows totaled CNY 1,407,225,544.69, an increase from CNY 1,259,643,303.41 year-over-year[23] - Operating cash outflows were CNY 1,321,855,231.03, slightly down from CNY 1,322,144,029.29 year-over-year[23] - Net cash flow from operating activities was CNY 85,370,313.66, a significant improvement from a negative CNY 62,500,725.88 in the previous year[23] - The cash flow from operating activities improved due to better management of contract receivables, resulting in increased cash inflows[29] - The total cash and cash equivalents at the end of the period were CNY 2,808,258,797.22, down from CNY 1,858,089,744.06 year-over-year[24] - The ending balance of cash and cash equivalents is 1,652,823,404.89 CNY, up from 1,126,177,196.55 CNY in the previous period[52] - The net increase in cash and cash equivalents for the period is 116,264,457.06 CNY, contrasting with a decrease of 122,635,953.50 CNY in the prior period[52] Assets and Liabilities - The total assets at the end of Q1 2024 amounted to ¥9,727,447,185.12, an increase of 2.34% from the end of the previous year[6] - Current assets totaled ¥8,744,175,727.03 as of March 31, 2024, compared to ¥8,524,980,671.77 at the end of December 2023, indicating an increase of about 2.6%[18] - Total liabilities amounted to ¥5,290,069,765.98, slightly up from ¥5,270,513,544.65, indicating a marginal increase of about 0.4%[20] - The company's total assets decreased to CNY 5,274,974,191.13 from CNY 5,389,142,385.18[25] - The total current assets decreased to CNY 3,526,102,814.35 from CNY 3,650,519,061.64[25] - The total liabilities decreased to ¥1,794,273,264.60 in Q1 2024 from ¥1,939,000,288.53 in Q1 2023, a reduction of approximately 7.5%[40] Research and Development - Research and development expenses increased by 36.33% as the company continued to invest in maintaining technological leadership[11] - Research and development expenses increased to ¥38,863,918.05 from ¥30,324,291.50, reflecting a growth of approximately 28% year-over-year[26] - The company's R&D expenses in Q1 2024 amounted to ¥150,823,395.12, compared to ¥110,628,929.53 in Q1 2023, marking an increase of about 36.3%[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,497, with the largest shareholder holding 42.12% of the shares[29] - The company's total equity attributable to shareholders increased to ¥4,432,780,677.65, a rise of 4.78% from the previous year[10] - The company's equity attributable to shareholders increased to ¥4,432,780,677.65 from ¥4,230,580,064.32, which is an increase of about 4.8%[20] - The total equity increased to ¥3,480,700,926.53 in Q1 2024 from ¥3,450,142,096.65 in Q1 2023, showing a growth of about 0.9%[40] Other Financial Metrics - The company recorded a credit impairment loss of ¥3,406,562.35, compared to a gain of ¥827,697.58 in the previous year, marking a substantial negative shift[26] - The company received government subsidies amounting to ¥2,080,409.99, which are closely related to its normal business operations[27] - The company reported a gain from the disposal of fixed assets amounting to ¥1,485.10 during the quarter[29] - The company reported a net profit margin improvement, although specific figures were not disclosed in the provided content[21] - The cash received from operating activities related to tax refunds was CNY 39,983,370.83, up from CNY 25,883,211.74[23] - The cash paid to employees increased to CNY 226,973,044.22 from CNY 197,294,226.08 year-over-year[23] Accounting Standards - The company has not adopted new accounting standards or interpretations for the current year[52]