Envicool(002837)2024-04-22 08:48Financial Performance - The company's operating revenue for Q1 2024 was CNY 745,644,712.04, representing a 41.36% increase compared to CNY 527,465,864.45 in the previous period, primarily due to increased revenue from temperature control energy-saving products[12]. - Net profit attributable to shareholders was ¥61,975,220.35, representing a significant increase of 146.93% from ¥25,097,874.30 year-over-year[24]. - Net profit excluding non-recurring items was ¥54,307,745.62, up 169.65% from ¥20,139,963.91 in the previous year[24]. - Comprehensive income for Q1 2024 was ¥62,036,276.62, a substantial rise from ¥28,075,145.08 in Q1 2023[40]. - The company reported a net profit of ¥61,570,555.24, compared to ¥28,511,888.89 in the previous period, reflecting an increase of approximately 116.2%[51]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 56,269,339.69, a 198.31% increase from a negative CNY 57,237,614.28 in the previous period, driven by higher cash receipts from sales[12]. - Operating cash flow improved to ¥56,269,339.69, a 198.31% increase from a negative cash flow of -¥57,237,614.28 in the same period last year[24]. - The company's cash inflow from operating activities reached ¥997,495,854.22, compared to ¥592,506,988.74 in the previous period, indicating a significant increase of approximately 68.3%[53]. - The company's cash and cash equivalents increased slightly to CNY 950,845,280.27 from CNY 940,337,221.98, indicating stable liquidity[17]. - The company's cash and cash equivalents at the end of the period were ¥777,128,581.98, down from ¥500,275,702.86 in the previous period[53]. Assets and Liabilities - The company's total assets decreased to CNY 4,839,965,583.79 from CNY 5,091,055,172.06, indicating a reduction in overall asset base[18]. - Total assets at the end of the reporting period were ¥4,839,965,583.79, down 4.93% from ¥5,091,055,172.06 at the end of the previous year[24]. - The company’s total liabilities decreased, reflecting a strategic focus on reducing debt levels[18]. - The total equity attributable to shareholders of the parent company increased to ¥2,565,023,783.11 from ¥2,486,071,338.29, marking a growth of about 3.2%[49]. - The company’s total liabilities and equity amounted to ¥4,839,965,583.79, compared to ¥5,091,055,172.06 in the previous period, indicating a decrease of approximately 4.9%[49]. Operating Costs and Expenses - The company experienced a 48.14% increase in operating costs, which rose to CNY 525,630,685.25, in line with the increase in operating revenue[12]. - Total operating costs for Q1 2024 were ¥691,642,199.61, up from ¥502,680,474.33, reflecting a significant increase in operational expenses[37]. - R&D expenses for Q1 2024 amounted to ¥65,212,628.16, compared to ¥52,350,816.15 in the previous year, indicating a 24.5% increase[37]. Strategic Initiatives - The company plans to expand its market presence and invest in new product development as part of its growth strategy[15]. - The stock option incentive plan was approved, allowing the company to grant 9.16 million stock options at a price of CNY 19.61 per option to 305 eligible participants[15]. - The company is actively pursuing market expansion and new product development strategies, although specific details were not disclosed in the current report[30]. Shareholder Information - The number of common shareholders at the end of the reporting period was 29,627, with the largest shareholder holding 25.49%[29]. - The largest shareholder, Shenzhen Yingweike Investment Co., Ltd., held 144,981,955 shares, representing 25.49% of total shares[29].