HJKJ(000818)2024-04-02 16:00Financial Performance - The company's revenue for Q1 2024 reached ¥1,626,762,691.36, representing a 97.70% increase compared to ¥822,841,812.08 in the same period last year[4] - Net profit attributable to shareholders was ¥50,604,570.31, a significant increase of 304.92% from ¥12,497,289.91 year-on-year[4] - The net profit after deducting non-recurring gains and losses surged by 721.19%, amounting to ¥47,529,326.29 compared to ¥5,787,858.69 in the previous year[4] - Basic and diluted earnings per share increased by 250.00%, reaching ¥0.07 compared to ¥0.02 in the previous year[4] - The net profit for Q1 2024 was CNY 73,653,187.90, a significant increase from CNY 7,226,689.56 in Q1 2023, representing a growth of approximately 920%[20] - The operating profit for Q1 2024 reached CNY 87,613,951.36, compared to CNY 10,087,490.79 in the same period last year, indicating an increase of about 769%[20] - The total comprehensive income for Q1 2024 was CNY 73,745,863.22, compared to CNY 6,973,384.64 in Q1 2023, indicating a substantial increase[20] Cash Flow and Assets - The company's cash flow from operating activities showed a net outflow of ¥110,885,074.21, worsening by 93.28% from a net outflow of ¥57,369,582.81 in the same period last year[4] - Cash and cash equivalents decreased to ¥447,993,858.04 from ¥715,596,905.90, a decline of 37.5%[16] - The cash flow from investing activities showed a net outflow of CNY 682,134,605.63 in Q1 2024, compared to a net outflow of CNY 92,423,689.13 in Q1 2023[23] - The cash flow from financing activities resulted in a net inflow of CNY 581,367,302.43 in Q1 2024, an increase from CNY 367,408,989.72 in Q1 2023[23] - Total assets at the end of the reporting period were ¥6,966,381,506.42, reflecting a 15.83% increase from ¥6,014,322,780.54 at the end of the previous year[4] - Cash and cash equivalents at the end of Q1 2024 were CNY 410,338,622.58, down from CNY 646,892,762.36 at the end of Q1 2023[23] Liabilities and Shareholder Information - Total liabilities reached ¥2,847,793,877.74, up from ¥1,910,210,621.51, indicating a rise of 48.9%[18] - The company experienced a 328.40% increase in notes payable, amounting to ¥201,091,520.98, compared to ¥46,940,230.55 in the previous year, attributed to new letter of credit loans[7] - The number of ordinary shareholders at the end of the reporting period was 34,918, with the largest shareholder holding 16.69% of the shares[9] - The company’s major shareholder, Wuhan New Energy Industrial Development Co., Ltd., holds 113,363,924 shares, representing 17.06% of the total share capital[10] - The second-largest shareholder, Xinyu Haoyue Information Technology Co., Ltd., holds 64,968,276 shares, accounting for 9.57% of the total share capital[10] Research and Development - The company's R&D expenses rose by 81.09% to ¥46,632,590.39, up from ¥25,750,929.85 in the same period last year, indicating increased investment in innovation[8] Share Repurchase and Management Commitments - The company repurchased 2,017,100 shares, accounting for 0.297% of the total share capital, with a total transaction amount of 59,991,288 RMB[14] - The highest transaction price during the share repurchase was 30.15 RMB per share, while the lowest was 28.93 RMB per share[14] - The chairman, Cai Weidong, committed to compensating the company if the cumulative net profit attributable to shareholders, excluding non-recurring gains and losses, was less than 1 billion RMB over three years[14] - As of March 29, 2024, the company received a total of 1,879,600 RMB in performance compensation from the chairman[14] Future Outlook - The company’s management has indicated plans for market expansion and new product development in the upcoming quarters[15] - The company's financial performance for 2021-2023 is under the chairman's performance guarantee, ensuring accountability for achieving profit targets[14]