Financial Performance - The company's operating revenue for Q1 2025 reached RMB 717,806,101.77, representing a year-on-year increase of 45.47% compared to RMB 493,440,384.78 in Q1 2024[9] - Net profit attributable to shareholders for Q1 2025 was RMB 48,734,998.79, a significant increase of 123.77% from RMB 21,779,300.91 in the same period last year[9] - Basic and diluted earnings per share for Q1 2025 were both RMB 0.0592, reflecting a growth of 114.49% from RMB 0.0276 in Q1 2024[9] - Total operating revenue for Q1 2025 reached RMB 717.81 million, a significant increase of 45.6% compared to RMB 493.44 million in Q1 2024[20] - Net profit for Q1 2025 was RMB 52.95 million, up 106.8% from RMB 25.58 million in Q1 2024[21] Cash Flow and Liquidity - The net cash flow from operating activities surged to RMB 75,905,954.92, marking a dramatic increase of 1,714.77% compared to RMB 4,182,677.79 in Q1 2024[9] - Operating cash flow for Q1 2025 was $75,905,954.92, a significant increase from $4,182,677.79 in Q1 2024, reflecting strong sales growth[23] - Cash inflow from operating activities totaled $558,792,537.30 in Q1 2025, compared to $305,304,118.30 in Q1 2024, indicating a year-over-year increase of approximately 83%[23] - The net increase in cash and cash equivalents for Q1 2025 was $1,652,351.39, a decrease from $341,118,724.26 in Q1 2024, indicating tighter liquidity[23] - The company reported cash and cash equivalents at the end of Q1 2025 of $214,621,306.21, down from $460,950,534.36 at the end of Q1 2024[23] Assets and Liabilities - The company's total assets as of March 31, 2025, were RMB 3,289,665,874.93, a slight increase of 0.77% from RMB 3,264,667,069.57 at the end of 2024[9] - Total liabilities decreased to RMB 1.29 billion as of March 31, 2025, from RMB 1.31 billion at the end of 2024, indicating improved financial stability[19] - The net assets attributable to shareholders increased to RMB 1,991,814,731.15, up by 2.51% from RMB 1,943,079,732.36 at the end of 2024[9] Operational Efficiency - The company experienced a significant reduction in the proportion of operating expenses relative to revenue, contributing to the overall profit increase[13] - The company reported a gross profit margin of approximately 15.9% for Q1 2025, compared to 10.5% in Q1 2024, highlighting enhanced operational efficiency[20] Research and Development - Research and development expenses increased to RMB 37.69 million in Q1 2025, up from RMB 25.78 million in Q1 2024, reflecting a commitment to innovation[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 67,102[14] Accounting Adjustments - The company has implemented adjustments in accounting standards affecting the profit statement, specifically impacting operating costs and sales expenses by RMB 8,972,218.95[13] Other Financial Activities - Cash outflow for investment activities in Q1 2025 was $207,124,553.35, up from $65,279,224.82 in Q1 2024, resulting in a net cash flow from investment activities of -$63,382,246.33[23] - Total cash inflow from financing activities was $427,387,745.02 in Q1 2024, while in Q1 2025, the net cash flow from financing activities was -$10,709,378.76, indicating a shift in financing strategy[23] - The company received $512,067,212.86 in cash from sales in Q1 2025, compared to $258,138,891.46 in Q1 2024, marking an increase of approximately 98%[23] - Cash received from investment returns in Q1 2025 was $2,795,095.28, compared to $894,992.72 in Q1 2024, showing a growth of about 212%[23] - The company paid $85,919,455.69 in cash for other operating activities in Q1 2025, up from $53,598,103.19 in Q1 2024, reflecting increased operational costs[23] - The company experienced a foreign exchange impact of -$161,978.44 on cash and cash equivalents in Q1 2025, compared to -$89,710.14 in Q1 2024, highlighting currency volatility effects[23] Strategic Overview - The company has no significant new strategies or important matters reported during the reporting period[16]

Company Overview - Zhejiang Shibao reported a strategic goal to provide intelligent driving solutions and products for leading global automotive groups[10]. - The company has over 30 years of experience in system matching within the automotive industry, with a diversified and international customer base[10]. - Zhejiang Shibao is one of the first domestic companies to independently develop electric power steering systems and intelligent steering systems for automobiles[10]. - The company operates production bases in Hangzhou, Yiwu, Siping, Wuhu, and Changzhou, and has a research institute in Hangzhou[10]. - The company aims to enhance the research and production capabilities of steering systems and key components to an internationally competitive level[10]. - Zhejiang Shibao's H shares were listed on the Hong Kong Stock Exchange on May 16, 2006, and later transferred to the main board on March 9, 2011[10]. - The company is committed to improving automotive driving safety and comfort through its products[10]. - Zhejiang Shibao has established an automotive intelligent technology research and development center in Beijing[10]. - The company provides various steering products for commercial vehicles, passenger cars, and new energy vehicles[10]. - The company is focused on expanding into modular related key components of steering system integration[10]. Financial Performance - The company's operating revenue for the year ended December 31, 2024, reached RMB 269,346.89 million, a 48% increase from RMB 181,944.22 million in 2023[21]. - The total profit for 2024 was RMB 15,226.84 million, representing an 81% increase compared to RMB 8,400.31 million in 2023[21]. - The net profit attributable to the parent company was RMB 14,912.38 million, up 93% from RMB 7,720.43 million in 2023[21]. - The net asset value of current assets increased to RMB 99,577.03 million in 2024, compared to RMB 55,892.46 million in 2023, indicating improved liquidity[22]. - The total assets of the company reached RMB 326,466.71 million in 2024, a significant increase from RMB 265,067.88 million in 2023[22]. - The company achieved a revenue of RMB 2,693,468,867.27, representing a year-on-year increase of 48.04%[28]. - The gross profit from core business was RMB 517,235,591.89, an increase of RMB 219,895,821.50 year-on-year, with a gross margin of 19.82% compared to 17.09% in the previous year[28]. - The overall gross margin for the reporting period was 20.94%, up from 19.33% in the previous year, attributed to improved production costs due to increased sales volume[28]. - Research and development expenses amounted to RMB 159,714,979.19, a year-on-year increase of 35.13%, representing 5.93% of total revenue[29]. - The net profit attributable to shareholders was RMB 149,123,766.76, reflecting a year-on-year increase of 93.15%[33]. Research and Development - The company has a strong focus on R&D, with seven core technological capabilities developed, including electric steering ECU technology and intelligent steer-by-wire technology[14]. - The company plans to focus on the development and commercialization of new technologies such as steer-by-wire and rear-wheel steering to support advanced autonomous driving[25]. - The company is focused on providing advanced active steering solutions for autonomous vehicles, integrating economic growth, environmental protection, and social responsibility into its business strategy[169]. - The company focuses on the research and development of automotive steering products, including steering gears and key components of steering systems[109]. Market and Sales - The sales of electric and intelligent steering system products saw significant growth, benefiting from trends in automotive electrification and globalization[28]. - The company reported a significant increase in overseas sales, which reached RMB 202,454,017.39, a year-on-year growth of 107.21%[35]. - The automotive industry in China saw a production and sales volume of 31.28 million and 31.44 million vehicles respectively, with a year-on-year growth of 3.70% and 4.50%[27]. - The company's revenue for automotive parts manufacturing reached ¥2,609,786,667.29, a year-on-year increase of 2.73%[37]. - Sales volume for automotive parts increased by 58.04% to 4,458,978 units compared to 2,821,409 units in the previous year[38]. Operational Efficiency - The company has implemented the Toyota Production System to enhance efficiency, reduce waste, and control production costs effectively[18]. - The company maintains a stable and experienced team, with an average of 15 years of industry experience among core personnel, supporting future growth initiatives[19]. - The company has established a comprehensive quality control system, with all major subsidiaries certified under IATF 16949:2016, ensuring stable product quality[15]. - The gross profit margin for steering systems and components was 19.04%, up from 16.06% in the previous year, reflecting improved cost management[40]. Corporate Governance - The company has a strong governance structure with independent non-executive directors, enhancing oversight and strategic direction[100]. - The board includes experienced professionals from various sectors, contributing to diverse insights and decision-making[101]. - The company is committed to maintaining high standards of corporate governance to align with stakeholder interests and adapt to external changes[158]. - The supervisory board expressed confidence in the company's future prospects and the performance of the board and senior management[155]. - The company has established a robust internal control system, which contributed to the decision not to purchase liability insurance for directors and senior executives[159]. Employee and Compensation - The total employee compensation and benefits amounted to RMB 303,884,490.90, an increase from RMB 246,070,420.51 in the previous year, reflecting a growth of approximately 23.4%[93]. - The company has 2,224 employees as of December 31, 2024, up from 1,940 employees in 2023, indicating an increase of about 14.6%[93]. - The company provides ongoing professional development training for all directors to enhance their knowledge and skills related to governance and compliance[174]. Environmental Compliance - The company has maintained good environmental compliance, with all emissions meeting standards and no pollution incidents reported during the reporting period[111]. - The company has established a comprehensive environmental management system and has achieved ISO 14001 certification for several subsidiaries[111]. - The company has implemented strict environmental protection measures to comply with current laws and contribute to environmental conservation[172]. Risks and Challenges - The company faces risks from industry fluctuations, as the automotive parts manufacturing sector is heavily influenced by the macroeconomic cycle and national policies[71]. - Product quality is critical, as any defects could lead to recalls, impacting the company's brand and market expansion[72]. - The company must continuously innovate to meet the increasing demands for safety, intelligence, and energy efficiency in the automotive sector[73]. - The pricing of automotive parts is subject to pressure from the overall vehicle pricing trends, which could affect the company's profitability[74]. - Fluctuations in raw material prices significantly impact production costs and gross margins, posing operational risks[75]. - The company is expanding into overseas markets, which may be affected by international political and economic changes[76]. - The company must adapt its management practices to handle the increased complexity from business expansion, or it risks affecting operational efficiency and performance[77].

Financial Performance - Total revenue for the year ended December 31, 2024, reached RMB 2,693,468,867.27, representing a 48.04% increase compared to RMB 1,819,442,221.52 in 2023[2] - Net profit attributable to shareholders increased by 93.15% to RMB 149,123,766.76 from RMB 77,204,342.79 in the previous year[2] - The net profit excluding non-recurring gains and losses rose by 112.56% to RMB 136,834,644.64, up from RMB 64,374,816.28 in 2023[2] - Basic and diluted earnings per share improved by 87.22% to RMB 0.1831, compared to RMB 0.0978 in the prior year[2] - The company reported a total profit of RMB 152,268,408.84 for the year, up from RMB 84,003,146.19 in 2023[7] - The gross profit margin for the main business improved to 19.82% in 2024, compared to 17.09% in the previous year[36] - The company’s overall gross profit margin for 2024 was 20.94%, up from 19.33% in the previous year, indicating improved cost management[36] Assets and Liabilities - Total assets increased by 23.16% to RMB 3,264,667,069.57 from RMB 2,650,678,847.84 in 2023[2] - Net assets attributable to shareholders grew by 32.19% to RMB 1,943,079,732.36, up from RMB 1,469,865,219.48[2] - The total short-term borrowings decreased from RMB 147,820,497.81 in 2023 to RMB 81,109,472.22 in 2024, reflecting a reduction of about 45%[22] - The long-term borrowings remained unchanged at RMB 34,836,594.99 as of December 31, 2024, compared to the previous year[24] - The total assets minus current liabilities as of December 31, 2024, is RMB 1,987,568,329.69, compared to RMB 1,527,444,754.65 in 2023[33] Cash Flow - Cash flow from operating activities decreased by 63.51% to RMB 1,166,381.31, down from RMB 3,196,715.47 in the previous year[2] - Operating cash flow net amount decreased by 63.51% to RMB 1,166,381.31, primarily due to increased cash payments for employee compensation and bank guarantees[45] - Total cash and cash equivalents increased by 360.07% to RMB 93,137,145.34, compared to a decrease of RMB 35,812,236.20 in 2023[45] Expenses - Total operating costs for 2024 were RMB 2,492,270,418.86, compared to RMB 1,753,706,339.00 in 2023[7] - Research and development expenses increased to RMB 159,714,979.19 from RMB 118,196,951.05, indicating a focus on innovation[7] - Financial expenses for 2024 amounted to RMB 1,132,390.28, a decrease from RMB 6,072,232.49 in 2023, showing a reduction of about 81%[26] - The company reported a decrease in financial expenses by 81.35% to RMB 1,132,390.28, due to repayment of bank loans and increased interest income[37] Taxation and Incentives - The company and its subsidiaries have been recognized as high-tech enterprises, allowing them to pay corporate income tax at a reduced rate of 15% for the period 2023-2025[18] - The corporate income tax rate for the company and several subsidiaries is set at 15%, while other entities face a rate of 25%[17] - The company benefits from a VAT policy allowing advanced manufacturing enterprises to deduct an additional 5% from their payable VAT from January 1, 2023, to December 31, 2027[18] - The company benefited from tax incentives for employing self-employed veterans and poverty alleviation personnel, which will apply until December 31, 2027[7] Shareholder Information - The company plans to distribute a cash dividend of RMB 0.60 per share, totaling RMB 49,357,943.04, based on a total share capital of 822,632,384 shares as of December 31, 2024[28] - The profit distribution plan for 2024 is pending approval at the annual general meeting, with the final cash dividend expected to be paid to H shareholders on August 30, 2025[54] Operational Insights - The automotive parts and accessories manufacturing segment contributed RMB 2,609,786,667.29, accounting for 96.89% of total revenue, with a year-on-year growth of 50.04%[42] - Sales volume of automotive parts reached 4,458,978 units, representing a significant increase of 58.04% compared to 2,821,409 units in 2023[43] - The self-developed Rack Electric Power Steering System (R-EPS) has achieved mass production, supporting the company's ongoing development[55] - The company anticipates an increase in the production and sales of electric and intelligent vehicle steering systems in 2024, which will drive operational performance[55] - The company is focusing on new technology research and commercialization, including steer-by-wire and rear-wheel steering, to assist in advanced autonomous driving and localization of automotive components[55] Employee and Talent Management - The company has 2,224 full-time employees as of December 31, 2024, and emphasizes employee training and talent retention strategies[57] - The company has established a flexible talent introduction and incentive policy to attract external talent[57] Accounting Policies - The company will implement changes to accounting policies starting January 1, 2024, including the classification of current and non-current liabilities, which will not impact the financial statements[14] - The company has implemented several new accounting standards effective January 1, 2024, which include disclosures related to supplier financing arrangements and accounting for sale-leaseback transactions[14] Other Information - The company reported no significant asset or equity acquisitions or disposals during the reporting period[50] - As of December 31, 2024, the company has no significant contingent liabilities[53] - There are no significant other matters that require explanation during the reporting period[56] - The company has not purchased, sold, or redeemed any of its listed securities as of December 31, 2024[62]

Financial Performance - The company's operating revenue for Q3 2024 reached RMB 691,206,782.78, representing a year-on-year increase of 54.09%[3] - Net profit attributable to shareholders for Q3 2024 was RMB 45,094,915.16, a significant increase of 115.88% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 40,801,103.34, reflecting a year-on-year growth of 172.09%[3] - Total operating revenue for the first nine months of 2024 reached RMB 1,817,567,758.66, a 54.5% increase from RMB 1,176,522,433.74 in the same period of 2023[13] - Net profit for the first nine months of 2024 was RMB 127,340,842.49, compared to RMB 42,457,184.81 in 2023, representing a 199.5% increase[14] - Basic and diluted earnings per share for the first nine months of 2024 were both RMB 0.1380, up from RMB 0.0516 in 2023[14] - Total comprehensive income attributable to the parent company for the first nine months of 2024 was RMB 111,982,671.15, compared to RMB 40,726,450.14 in 2023, marking a 174.5% increase[14] Assets and Liabilities - The total assets as of September 30, 2024, amounted to RMB 2,974,816,731.55, an increase of 12.23% from December 31, 2023[3] - The net assets attributable to shareholders reached RMB 1,905,938,636.75, showing a growth of 29.67% compared to the end of the previous year[3] - Current assets reached RMB 1,995,979,325.46, up from RMB 1,682,158,653.02 in the previous year[11] - Total liabilities decreased to RMB 1,065,421,539.21 from RMB 1,192,715,244.11, reflecting improved financial health[12] - The equity attributable to shareholders increased to RMB 1,905,938,636.75 from RMB 1,469,865,219.48, showing a strong growth in shareholder value[12] Cash Flow - The company reported a net cash flow from operating activities of RMB -4,820,372.51 for the first nine months of 2024, improving by 76.62% year-on-year[6] - Cash flow from operating activities showed a net outflow of RMB 4,820,372.51 in 2024, an improvement from a net outflow of RMB 20,619,730.80 in 2023[15] - Cash and cash equivalents at the end of September 2024 amounted to RMB 221,269,967.57, significantly up from RMB 92,079,020.74 at the end of September 2023[15] - The company received cash from financing activities totaling RMB 488,487,745.02 in 2024, compared to RMB 158,000,000.00 in 2023[15] Operational Highlights - The company attributed revenue growth to the acceleration of trends in automotive electrification, intelligence, and globalization, as well as an increase in market share of Chinese passenger vehicles[6] - Research and development expenses increased to RMB 100,595,342.38 in 2024 from RMB 79,309,832.33 in 2023, reflecting a 26.8% rise[13] - The company reported a total operating cost of RMB 1,701,232,030.19 for the first nine months of 2024, up from RMB 1,146,106,492.73 in 2023, which is a 48.4% increase[13] Shareholder Information - Zhejiang Shibao Holding Group Co., Ltd. remains the largest shareholder, holding 295,336,898 shares, representing 35.90% of the total share capital[9] Inventory and Receivables - The company reported a significant increase in inventory, which rose to RMB 511,567,895.23 from RMB 478,208,228.06[11] - Accounts receivable rose to RMB 963,215,179.74 compared to RMB 717,577,606.43 at the end of 2023, indicating a significant growth in receivables[11] Debt Management - Short-term borrowings decreased to RMB 61,109,342.47 from RMB 147,820,497.81, indicating a reduction in debt levels[12]

Financial Performance - Operating revenue for the first half of 2024 reached CNY 1,126,360,975.88, a 54.73% increase compared to CNY 727,947,938.24 in the same period of 2023[9] - Net profit attributable to shareholders of the listed company was CNY 66,887,755.99, representing a significant increase of 237.18% from CNY 19,837,169.51 in the first half of 2023[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 63,997,448.86, up 652.24% from CNY 8,507,594.78 in the previous year[9] - Basic and diluted earnings per share increased to CNY 0.0830, up 230.68% from CNY 0.0251 in the same period last year[9] - Operating profit for the first half of 2024 was RMB 73,770,308.63, up from RMB 20,762,286.27 in the first half of 2023, representing a growth of 255%[20] - The company achieved a total profit of RMB 73,016,236.07 in the first half of 2024, compared to RMB 20,441,696.41 in the same period of 2023, representing an increase of 257%[20] Cash Flow and Liquidity - Net cash flow from operating activities improved to CNY 15,607,460.23, a turnaround from a negative cash flow of CNY -61,917,321.13 in the first half of 2023, marking a 125.21% increase[9] - Total cash inflow from operating activities increased to RMB 586,695,208.19 in H1 2024, up from RMB 460,607,704.96 in H1 2023, representing a growth of approximately 27.3%[25] - The net cash flow from financing activities was RMB 143,659,737.82 in H1 2024, compared to RMB 20,420,275.69 in H1 2023, indicating a substantial increase[25] - The ending cash and cash equivalents balance as of June 30, 2024, was RMB 211,911,549.12, up from RMB 143,451,383.11 at the end of June 2023[25] Assets and Liabilities - Total assets increased by 4.38% to RMB 2,766,828,436.06 as of June 30, 2024, compared to RMB 2,650,678,847.84 at the end of 2023[10] - Total liabilities decreased by 25.49% to RMB 888,674,365.25 from RMB 1,192,715,244.11[12] - Short-term borrowings significantly reduced to RMB 11,009,342.47 from RMB 147,820,497.81, a decrease of 92.56%[11] - The company's equity attributable to shareholders increased by 27.96% to RMB 1,880,840,720.49, indicating strong financial health[12] Research and Development - Research and development expenses increased to RMB 64,477,581.03 in the first half of 2024, up from RMB 50,292,023.37 in the first half of 2023, reflecting a growth of 28%[20] - Direct input costs for R&D activities include expenses for materials, fuel, power, and costs for molds and equipment development, totaling RMB X million[97] - Design costs for new products and processes incurred during development reached RMB A million, focusing on innovative and breakthrough designs[100] Taxation and Incentives - The company and its subsidiaries benefit from a reduced corporate income tax rate of 15% due to high-tech enterprise certification, valid from 2023 to 2025[136] - The company enjoys a VAT deduction policy allowing a 5% additional deduction on payable VAT for advanced manufacturing enterprises from 2023 to 2027[136] - The company reported a VAT exemption of RMB 58,500 for hiring self-employed veterans under specific tax policies[136] Inventory and Receivables - Accounts receivable grew by 18.69% to RMB 851,874,375.47 from RMB 717,577,606.43[11] - The provision for bad debts was RMB 32,171,934.35, which is 3.64% of total accounts receivable[145] - The total inventory at the end of the period is RMB 522,032,542.75 million, with a provision for inventory depreciation of RMB 37,912,868.24 million[162] Employee Compensation and Benefits - Total salary, bonuses, allowances, and subsidies increased to CNY 118,805,041.01 during the period, resulting in a year-end total of CNY 27,815,668.39[197] - The company contributed CNY 8,429,394.04 to the basic pension insurance during the period, leading to a year-end balance of CNY 839,226.16[198] - The total employee benefits expenses, including social insurance, amounted to CNY 29,208,178.70 at the end of the period[197] Compliance and Governance - The company’s financial statements have been approved by the board on August 23, 2024, ensuring compliance with regulatory requirements[36] - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[38] - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[40]

香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）對本公告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內 容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 1 Zhejiang Shibao Company Limited* 浙 江 世 寶 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限責任公司） （股份代號：1057） 截至2024年6月30日止6個月之中期業績公告 主要會計數據和財務指標 | --- | --- | --- | --- | |-----------------------------------------------|----------------------------------------------------|----------------------------------------------|----------| | | 2024 年 1-6 月 \n人民幣 \n( 未經審計 ) ( | 2023 年 1-6 月 \n人民幣 \n未經審計 ) | 同比增減 | | 營業收入 | 1 ...

Financial Performance - Revenue for Q1 2024 reached RMB 493,440,384.78, an increase of 43.03% compared to RMB 345,001,524.92 in Q1 2023[8] - Net profit attributable to shareholders was RMB 21,779,300.91, up 140.12% from RMB 9,070,150.47 in the same period last year[8] - Net profit excluding non-recurring gains and losses was RMB 20,383,045.41, representing a 272.95% increase from RMB 5,465,326.94[8] - Total operating revenue for Q1 2024 reached RMB 493,440,384.78, a significant increase of 43% compared to RMB 345,001,524.92 in Q1 2023[13] - Net profit for Q1 2024 was RMB 25,576,044.10, up 158% from RMB 9,936,100.98 in Q1 2023[15] - The company reported a total comprehensive income of RMB 25,576,044.10 for Q1 2024, significantly higher than RMB 9,936,100.98 in Q1 2023[15] - Operating profit for Q1 2024 was RMB 24,678,312.76, compared to RMB 9,667,601.52 in Q1 2023, marking an increase of 155%[13] Earnings and Cash Flow - Basic and diluted earnings per share increased to RMB 0.0276, up 140.00% from RMB 0.0115[8] - Basic and diluted earnings per share for Q1 2024 were both RMB 0.0276, compared to RMB 0.0115 in Q1 2023, reflecting a growth of 140%[15] - Operating cash flow for the quarter was RMB 4,182,677.79, a significant improvement of 125.18% from a negative RMB 16,609,425.13 in Q1 2023[8] - Cash flow from operating activities generated a net amount of RMB 4,182,677.79 in Q1 2024, a recovery from a negative cash flow of RMB -16,609,425.13 in Q1 2023[17] - The net cash flow from operating activities was RMB 4,182,677.79, reflecting a year-on-year increase of 125.18%, mainly due to an increase in cash collected from sales[24] - The net cash flow from financing activities in Q1 2024 was RMB 331,346,988.71, a significant increase from RMB 7,623,874.92 in Q1 2023, reflecting strong capital inflow[17] Assets and Liabilities - Total assets as of March 31, 2024, were RMB 2,880,939,833.18, an increase of 8.69% from RMB 2,650,678,847.84 at the end of 2023[9] - Net assets attributable to shareholders rose to RMB 1,835,732,265.41, a 24.89% increase from RMB 1,469,865,219.48[9] - Cash and cash equivalents increased to RMB 495,054,624.71 from RMB 158,481,484.94, showing a substantial growth[9] - The company reported a decrease in total liabilities to RMB 1,053,312,440.33 from RMB 1,192,715,244.11, indicating improved financial health[11] Investment and R&D - Research and development expenses for Q1 2024 were RMB 25,779,797.06, slightly up from RMB 25,280,891.98 in Q1 2023, indicating continued investment in innovation[13] - The company received government grants amounting to RMB 972,450.00, contributing positively to the financial results[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 86,364, with the top ten shareholders holding significant stakes, including Zhejiang Shibao Holding Group Co., Ltd. at 37.40% and Hong Kong Central Clearing Limited at 27.51%[28] - The company issued 32,987,747 new ordinary shares, increasing the total share capital from 789,644,637 shares to 822,632,384 shares, approved by the China Securities Regulatory Commission[33] Strategic Focus - The company is focused on enhancing its operational efficiency and expanding its market presence in the upcoming quarters[8] - The company achieved operating revenue of RMB 493,440,384.78, representing a year-on-year growth of 43.03%, primarily due to significant increases in sales of various steering system products and key components[24]

單位：元 4、 財務資源及資本結構 報告期末，公司貸款及借貸總額為人民幣207,540,000.00元（上年末：人民幣196,780,000.00元），貸款及借貸總額比 年初增加了人民幣10,760,000.00元，主要是增加了信用借款。公司無應於兩年以上但未超過五年的期間償還的貸款 及借款。按固定息率所作的貸款及借貸為人民幣127,950,000.00元（上年末：人民幣103,000,000.00元）。 管理層討論及分析 公司的資本結構包括借款、銀行存款及本公司所有者權益。管理層通過考慮資金成本及各類資本風險而確定資本結 構。本公司將通過派發股息、發行新股或償還銀行借款平衡資本結構。 公司採用資本負債率監督資本風險。此比率以負債淨額除以資本總額計算確定。負債淨額為總借款減去現金和現金 等價物。總資本為所有者權益加負債淨額。報告期末，公司的資本負債比率為5.69%（上年末：2.92%）。 公司的現金及現金等價物餘額和貸款及借貸主要為人民幣。 | --- | --- | --- | --- | --- | --- | |--------------|----------------|-------------- ...

Zhejiang Shibao Company Limited* 浙江世寶股份有限公司 （於中華人民共和國註冊成立的股份有限責任公司） （股份代號：1057） 財務摘要 * 僅供識別 經審核年度業績 I、 財務報表 合併資產負債表 2023年12月31日 2 3 | --- | --- | --- | --- | |--------------------------------------------------------|-------|---------------|------------------| | 項 目 附註四 2023 年度 2022 年度 | | | | | 營業總收入 5 1,819,442,221.52 | | | 1,386,395,566.38 | | 其中：營業收入 5 1,819,442,221.52 | | | 1,386,395,566.38 | | 營業總成本 1,753,706,339.00 | | | 1,370,967,136.95 | | 其中：營業成本 5 1,444,262,099.48 | | | 1,117,392,294.25 | | 稅金及附加 ...

Financial Performance - Total comprehensive income for the first nine months of 2023 reached RMB 42,457,184.81, a significant increase from RMB 7,924,051.15 in the same period of 2022, representing a growth of 436.36%[5] - Net profit attributable to shareholders for the first nine months of 2023 was RMB 40,726,450.14, up 546.38% from RMB 6,300,744.99 in the previous year[5] - Basic earnings per share for the first nine months of 2023 was RMB 0.0516, a 545.00% increase compared to RMB 0.0080 in the same period last year[5] - The company reported a net profit of RMB 20,889,280.63 for Q3 2023, a remarkable increase of 283.63% compared to the same quarter last year[12] - For the period from January to September 2023, the net profit attributable to shareholders of the listed company was RMB 40,726,450.14, representing an increase of 546.38% year-on-year[26] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 23,503,241.54, up 262.51% compared to the same period last year[26] - Operating revenue for the first nine months of 2023 reached ¥1,176,522,433.74, a 27% increase from ¥926,736,014.87 in the same period of 2022[42] - Net profit for the first nine months of 2023 was ¥42,457,184.81, compared to ¥7,924,051.15 in the previous year, representing a significant increase[42] Revenue and Sales Growth - Operating revenue for Q3 2023 was RMB 448,574,495.50, reflecting a year-on-year increase of 20.36%[12] - The company has seen an increase in sales of hydraulic circulation ball steering gear and electric power steering systems, contributing to revenue growth[26] - New products such as smart electric circulation ball steering gear and smart hydraulic circulation ball steering gear have begun mass production, providing new revenue sources[26] Cash Flow and Liquidity - The net cash flow from operating activities for the first nine months of 2023 was negative RMB 20,619,730.80, a decline of 127.44% compared to the previous year[12] - Cash flow from operating activities showed a net outflow of ¥20,619,730.80 in 2023, contrasting with a net inflow of ¥75,132,699.54 in 2022[35] - Cash flow from investing activities showed a net outflow of ¥41,212,446.93 in 2023, an improvement from a net outflow of ¥88,074,487.83 in 2022[35] - The company obtained loans totaling ¥158,000,000.00 in 2023, down from ¥186,000,000.00 in the previous year, indicating a potential shift in financing strategy[35] Assets and Liabilities - The total assets as of September 30, 2023, amounted to RMB 2,498,336,948.18, an increase of 4.56% from RMB 2,389,483,168.38 at the end of 2022[12] - The company's total liabilities as of September 30, 2023, amounted to RMB 1,082,781,791.51, an increase from RMB 1,016,385,196.52 at the end of 2022[30] - The total equity attributable to shareholders of the parent company increased to RMB 1,433,387,326.83 from RMB 1,392,660,876.69 at the end of 2022[30] - The company's current liabilities totaled RMB 1,009,745,991.00, compared to RMB 938,866,486.73 at the end of 2022, reflecting a growth in short-term obligations[30] - Long-term borrowings decreased to RMB 35,013,105.00 from RMB 43,816,783.33 at the end of 2022, indicating a reduction in long-term debt[30] Research and Development - Research and development expenses increased to ¥79,309,832.33 in 2023, up from ¥65,628,133.92 in 2022, reflecting a focus on innovation[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 112,438, with the largest shareholder holding 36.40% of the shares[16]