VGT(300476)2024-04-18 13:42Financial Performance - The company's operating revenue for the current period reached ¥2,391,566,648.53, representing a 36.06% increase compared to ¥1,757,770,078.83 in the same period last year[3] - Net profit attributable to shareholders was ¥209,607,792.10, up 67.72% from ¥124,976,888.18 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥206,609,429.49, reflecting an 81.08% increase from ¥114,099,243.17 in the previous year[3] - Basic and diluted earnings per share both increased to ¥0.2400, up 71.43% from ¥0.1400 in the previous year[3] - The company reported a comprehensive income total of ¥150,030,230.01, compared to ¥106,919,782.76 in the previous year[13] - Total operating revenue for Q1 2024 reached ¥239,156.66 million, a 36.06% increase compared to ¥175,777.01 million in the same period last year, primarily due to the acquisition of Pole Star Limited on November 30, 2023[28] - Net profit for Q1 2024 was ¥20,960.78 million, representing a 67.72% increase from ¥12,497.69 million in the previous year, driven by the same acquisition[28] Cash Flow and Assets - The net cash flow from operating activities was ¥180,672,658.41, a 71.03% increase compared to ¥105,639,915.08 in the same period last year[3] - The cash inflow from operating activities totaled ¥2,786,327,732.39, compared to ¥2,100,774,844.52 in the same period last year[18] - The net cash flow from operating activities increased by 71.03% to ¥18,067.27 million, up from ¥10,563.99 million in the prior year, attributed to the consolidation of Pole Star Limited[28] - The net cash flow from investing activities was -CNY 202,820,226.47, an improvement from -CNY 258,775,237.06 in the previous year[57] - The net cash flow from financing activities was -CNY 83,662,565.65, a decrease compared to CNY 306,895,643.57 in the same quarter last year[57] - The total assets at the end of the reporting period were ¥17,023,567,041.02, a decrease of 2.07% from ¥17,383,616,487.62 at the end of the previous year[3] - The total assets amounted to 17,023,567,041.02, a decrease from 17,383,616,487.62 in the previous period[50] Liabilities and Equity - Total liabilities increased by 40.77% to ¥284,419.80 million from ¥202,042.70 million, mainly due to an increase in payable engineering and equipment costs[28] - The total liabilities amounted to CNY 9,246,834,431.53, down from CNY 9,757,886,591.14[57] - Shareholders' equity attributable to the parent company increased to ¥7,776,732,609.49, up 1.98% from ¥7,625,729,896.48 at the end of the previous year[3] - The total equity attributable to shareholders of the parent company was CNY 7,776,732,609.49, an increase from CNY 7,625,729,896.48[57] Operational Changes and Investments - The company incurred research and development expenses of ¥90,190,099.34, an increase from ¥83,522,542.16 in the previous year[17] - The company plans to continue expanding its market presence and investing in new technologies following the recent acquisition[28] - The company is focusing on market expansion and new product development as part of its strategic initiatives[51] - The company has identified key areas for technological innovation to enhance its competitive edge in the market[51] - The company plans to leverage its recent acquisitions to drive future growth and operational efficiency[51] Shareholder Information - The total number of common shareholders at the end of the reporting period was 42,422, with the largest shareholder holding 18.61% of the shares[46] - The shareholder structure indicates a concentration of ownership, with the top two shareholders holding a combined 33.85%[47] Other Financial Metrics - Accounts receivable financing rose significantly by 100.14% to ¥245,767.38 million from ¥122,797.11 million, mainly due to an increase in customer acceptance bills received[28] - The company reported a decrease in deferred tax assets by 32.70%, from ¥76,739.40 million to ¥51,647.80 million, due to a reduction in items requiring deferred tax asset provisions[28] - Other non-current assets increased by 50.45% to ¥144,527.10 million, up from ¥96,061.10 million, primarily due to a decrease in unverified input invoices[28] - Financial expenses decreased by 76.84% to ¥12.06 million from ¥52.08 million, mainly due to a reduction in exchange losses[28] - The company received government subsidies amounting to ¥10,282.21 million, which positively impacted the financial results[26] - The company reported a significant increase in employee compensation payments, totaling CNY 393,803,575.02 compared to CNY 302,308,831.48 last year[57] - The company experienced a foreign exchange impact on cash and cash equivalents of CNY 17,092,114.41, contrasting with -CNY 23,927,361.00 in the previous year[57]