GOTION(002074)2024-04-19 13:43Financial Performance - The company's revenue for Q1 2024 was CNY 7,507,913,610.08, representing a 4.61% increase compared to CNY 7,177,001,038.70 in the same period last year[3] - Net profit attributable to shareholders decreased by 8.56% to CNY 69,137,964.65 from CNY 75,609,494.88 year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 10,603,410.15, a significant increase of 195.26% compared to a loss of CNY 11,130,731.84 in the previous year[3] - Total operating revenue for Q1 2024 reached ¥7,507,913,610.08, an increase of 4.6% compared to ¥7,177,001,038.70 in the same period last year[13] - The company reported a total cash outflow from operating activities of ¥4,261,396,949.80, slightly lower than ¥4,782,718,722.40 in the same period last year, suggesting better cost management[17] - The company experienced a net loss of CNY 24,997,051.01 for the quarter, compared to a net loss of CNY 29,921,869.90 in the previous year[14] - Other comprehensive income attributable to the parent company was CNY -453,899,854.82, a significant decline from CNY 4,387,127.85 in Q1 2023[15] - Basic and diluted earnings per share remained stable at CNY 0.04 for both Q1 2024 and Q1 2023[15] Assets and Liabilities - The company's total assets increased by 4.25% to CNY 97,570,587,439.91 from CNY 93,592,652,122.38 at the end of the previous year[3] - Total liabilities reached ¥71,885,000,511.72, an increase of 6.4% from ¥67,296,771,086.53[12] - Total current assets rose to ¥44,543,434,009.29, an increase of 5.0% compared to ¥42,429,218,078.28[11] - Total non-current assets increased to ¥53,027,153,430.62, up from ¥51,163,434,044.10, marking a growth of 3.6%[11] - The company’s total equity attributable to shareholders decreased by 2.23% to CNY 24,507,282,854.95 from CNY 25,066,839,997.17 at the end of the previous year[3] Cash Flow - Cash flow from operating activities was CNY 72,153,011.58, up 17.81% from CNY 61,247,620.00 in the same period last year[3] - The net cash inflow from operating activities for Q1 2024 was ¥72,153,011.58, an increase from ¥61,247,620.00 in Q1 2023, indicating a positive trend in operational efficiency[17] - The total cash and cash equivalents at the end of Q1 2024 reached ¥11,925,273,812.37, up from ¥11,127,195,214.99 in Q1 2023, indicating a solid liquidity position[18] - The net increase in cash and cash equivalents for Q1 2024 was ¥597,068,253.06, contrasting with a decrease of ¥114,837,297.48 in the same quarter last year, highlighting improved cash management[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 148,811, with the top 10 shareholders holding a combined 66.82% of shares[7] - Volkswagen (China) Investment Co., Ltd. is the largest shareholder, holding 24.68% of shares, equivalent to 440,630,983 shares[7] - The company repurchased 12,067,858 shares, accounting for 0.68% of the total share capital, with a total payment of approximately RMB 239.68 million[9] - The report indicates that Nanjing Guoxuan Holdings increased its stake in the company during the reporting period[8] Research and Development - Research and development expenses rose by 10.70% to CNY 432,665,414.00 compared to CNY 390,859,725.86 in the previous year[6] - Research and development expenses rose to CNY 432,665,414.00, up 10.70% from CNY 390,859,725.86 in the previous year[14] Market and Operational Insights - The company reported a 22.96% increase in accounts receivable, reaching CNY 15,875,235,802.31, attributed to increased sales[6] - The report does not specify any new product developments or market expansion strategies during the quarter[10] - The company did not undergo an audit for the Q1 2024 report, which may affect the perception of financial reliability[18]