CFMOTO(SH:603129)2024-04-15 12:21Financial Performance - The company's total operating revenue for Q1 2024 was CNY 2,409,974,197.59, representing an increase from CNY 2,310,432,177.62 in Q1 2023, which is approximately a 4.3% growth[3] - The company's operating revenue for Q1 2024 was CNY 3,061,020,405.22, representing a year-on-year increase of 6.31%[19] - Total operating revenue for Q1 2024 reached ¥3,061,020,405.22, an increase of 6.32% compared to ¥2,879,303,603.33 in Q1 2023[51] - Net profit for Q1 2024 was ¥291,003,991.81, representing a 33.93% increase from ¥217,212,067.34 in Q1 2023[53] - The net profit attributable to shareholders for Q1 2024 was CNY 277,529,426.83, reflecting a significant increase of 31.97% compared to the same period last year[19] - The total profit for Q1 2024 was ¥350,964,956.27, compared to ¥244,630,849.02 in Q1 2023, reflecting an increase of 43.38%[53] Cash Flow - The net cash flow from investment activities was -CNY 66,090,297.74, an improvement compared to -CNY 181,286,788.50 in the previous period[1] - The net cash flow from operating activities was CNY 102,050,647.38, which represents a decrease of 16.33% year-on-year[19] - The company reported a net cash flow from operating activities of approximately 102.05 million, down from 121.97 million year-over-year, indicating a decrease of about 16%[34] - Cash flow from operating activities for Q1 2024 was ¥410,707,415.86, a significant increase from ¥1,105,638.02 in Q1 2023[61] - The cash inflow from financing activities was CNY 74,825,772.00, while the cash outflow was CNY 7,085,607.93, resulting in a net cash flow of -CNY 7,085,607.93[1] - The net cash flow from financing activities was -$309.86 million, compared to $74.83 million in the previous period[62] Assets and Liabilities - The company's total liabilities increased to CNY 4,541,056,926.51 from CNY 4,346,966,945.98, indicating a rise of approximately 4.5%[2] - The total assets at the end of Q1 2024 amounted to CNY 10,714,837,022.70, a 3.89% increase from the end of the previous year[21] - Total assets increased to approximately 10.71 billion, up from 10.31 billion year-over-year, representing a growth of about 3.9%[27] - The total liabilities reached approximately 5.27 billion, compared to 5.14 billion in the previous year, reflecting an increase of about 2.6%[29] - The company's total current assets rose to CNY 4,301,095,041.90 from CNY 3,881,855,931.23, reflecting an increase of about 10.8%[1] - The company's total non-current assets increased to approximately 2.68 billion, up from 2.60 billion, representing a growth of about 3%[27] Equity and Shareholder Information - The total owner's equity increased to CNY 4,979,112,888.37 from CNY 4,696,691,673.59, which is an increase of approximately 6.0%[2] - The equity attributable to shareholders increased to CNY 5,303,567,286.37, marking a 5.25% rise compared to the previous year[21] - The largest shareholder, Chunfeng Holdings Group Co., Ltd., held 45,000,808 shares, accounting for 29.91% of the total shares[21] - The number of common shareholders at the end of the reporting period was 9,564[21] Earnings and Expenses - The basic earnings per share for Q1 2024 was CNY 1.84, up by 31.43% from the previous year[19] - The basic earnings per share of ¥1.84, up from ¥1.28, representing an increase of approximately 43.8%[38] - Research and development expenses increased to ¥174,096,211.16, compared to ¥157,308,345.84, indicating a rise of about 10.7%[38] - Research and development expenses for Q1 2024 totaled ¥188,524,582.11, up from ¥170,681,150.05 in Q1 2023, indicating a 10.43% increase[51] - The company reported a decrease in sales expenses to ¥318,321,967.27 in Q1 2024 from ¥424,173,161.13 in Q1 2023, a reduction of 25.00%[51] Market and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[40]