涛涛车业(301345) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥519,895,243.01, representing a 49.06% increase compared to ¥348,779,858.82 in the same period last year[5] - Net profit attributable to shareholders was ¥50,873,633.37, up 45.89% from ¥34,870,998.77 year-on-year[5] - The net cash flow from operating activities increased by 57.65% to ¥250,443,927.39, compared to ¥158,856,500.16 in Q1 2023[5] - The company reported total operating revenue of RMB 519,895,243.01 for Q1 2024, an increase of 49% compared to RMB 348,779,858.82 in the same period last year[21] - The net profit for the first quarter of 2024 was CNY 50,873,633.37, an increase of 45.9% compared to CNY 34,870,998.77 in the same period last year[23] - Operating profit reached CNY 70,138,400.19, up from CNY 41,167,134.81, reflecting a growth of 70.5% year-over-year[23] - Total revenue from operating activities was CNY 761,101,358.44, compared to CNY 459,937,701.54 in the previous year, marking a 65.5% increase[26] - The company reported a total comprehensive income of CNY 51,676,447.46, compared to CNY 34,756,848.21, indicating a 48.7% increase[24] - Basic earnings per share increased to CNY 0.47 from CNY 0.43, reflecting a growth of 9.3%[24] Expenses and Costs - Research and development expenses surged by 142.61% to ¥29,328,090.85, reflecting the company's commitment to increasing R&D efforts[8] - The gross profit margin for Q1 2024 was impacted by a 58.92% increase in operating costs, which totaled ¥325,067,587.76 compared to ¥204,545,024.20 in the previous year[8] - Total operating costs for Q1 2024 were RMB 456,597,033.61, up 46% from RMB 313,259,201.58 in Q1 2023[21] - The income tax expense increased by 287.80% to ¥19,163,964.42, driven by a rise in total profit[8] - The company reported a tax expense of CNY 19,163,964.42, compared to CNY 4,941,726.06, reflecting a significant increase of 287.5%[23] Assets and Liabilities - Total assets as of March 31, 2024, amounted to ¥4,084,563,481.65, a 7.84% increase from ¥3,787,483,622.84 at the end of the previous year[5] - The company's cash and cash equivalents increased to RMB 2,352,202,141.02 as of March 31, 2024, compared to RMB 1,937,506,697.96 at the beginning of the year, reflecting a growth of 21%[18] - Total liabilities increased to RMB 1,106,671,480.25 from RMB 845,651,208.25, marking a rise of 31%[20] - The company's net profit for the period is not explicitly stated but can be inferred from the increase in retained earnings to RMB 924,642,372.21 from RMB 873,768,738.84, an increase of 6%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,051[10] - Zhejiang Zhongtao Investment Co., Ltd. holds 41.16% of shares, totaling 45,000,000 shares[10] - Cao Matao directly holds 26.07% of shares, totaling 28,500,000 shares[10] - The total number of restricted shares at the beginning of the period was 84,037,440, with 4,037,440 shares released during the period[14] - The remaining restricted shares at the end of the period are 80,000,000[14] - The first release date for restricted shares held by Zhejiang Zhongtao Investment Co., Ltd. and Cao Matao is September 21, 2026[13] - New investors include Tibet Zhefuyuanfeng Investment Management Co., Ltd. with 500,000 shares[14] - The company has no preferred shareholders or changes in limited shares during the reporting period[12] - The top ten shareholders do not participate in margin trading[11] - The company has a clear structure of related party relationships among major shareholders[11] Cash Flow and Financing - The cash flow from financing activities generated a net inflow of CNY 289,492,412.37, down from CNY 1,896,078,489.55 in the previous year[28] - The company plans to use between RMB 50 million and RMB 100 million for share repurchase to implement employee stock ownership plans or equity incentives within 12 months[15] - The company repurchased 357,859 shares, accounting for 0.33% of the total share capital, with a total transaction amount of RMB 19,723,259.90[15] Accounts Receivable and Inventory - The company experienced a 33.84% decrease in accounts receivable, which fell to ¥389,071,914.32, attributed to higher collections from major clients[8] - Accounts receivable decreased to RMB 389,071,914.32 from RMB 588,103,440.61, a reduction of 34%[18] - Inventory increased to RMB 774,799,337.76, up from RMB 714,804,667.80, representing a growth of 8%[18] Credit and Impairment - The company incurred a credit impairment loss of CNY 8,255,013.14, compared to CNY 5,124,203.48 in the previous year, indicating a rise of 61.5%[23]