YINGLIU(603308)2024-04-23 10:02Revenue and Profit Growth - Revenue for the first quarter of 2024 was RMB 662,403,655.72, an increase of 9.07% year-over-year[5] - Total revenue for Q1 2024 reached RMB 662.40 million, compared to RMB 607.34 million in Q1 2023, representing a growth of approximately 9.1%[20] - Net profit attributable to shareholders of the listed company was RMB 90,549,512.46, up 11.12% compared to the same period last year[5] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was RMB 89,622,729.54, a significant increase of 29.05% year-over-year[5] - Net profit attributable to the parent company increased to RMB 1,718.81 million in Q1 2024, up from RMB 1,628.26 million in Q1 2023, reflecting a 5.6% growth[17] - Net profit attributable to parent company shareholders grew to 90,549,512.46 from 81,484,948.87[21] Asset and Equity Performance - Total assets as of the end of the reporting period were RMB 11,193,256,333.00, an increase of 6.86% compared to the end of the previous year[6] - Total assets as of March 31, 2024, amounted to RMB 11.19 billion, a 6.9% increase from RMB 10.47 billion at the end of 2023[15] - Equity attributable to shareholders of the listed company was RMB 4,524,826,167.81, up 1.39% from the end of the previous year[6] Earnings and Return on Equity - Basic earnings per share were RMB 0.13, an increase of 8.33% year-over-year[6] - Weighted average return on equity (ROE) was 2.01%, an increase of 0.12 percentage points compared to the same period last year[6] - Basic earnings per share increased to 0.13 from 0.12[22] Government Subsidies and Shareholder Information - Government subsidies received during the period amounted to RMB 3,021,216.00[7] - The company's largest shareholder, Huoshan Yingliu Investment Management Co., Ltd., holds 27.20% of the shares, with 90,000,000 shares pledged[10] - The total number of ordinary shareholders at the end of the reporting period was 31,220[10] Liabilities and Borrowings - Total liabilities increased to RMB 6.20 billion in Q1 2024, up from RMB 5.54 billion at the end of 2023, driven by higher short-term and long-term borrowings[16] - Short-term borrowings increased to RMB 1.71 billion in Q1 2024, up from RMB 1.31 billion at the end of 2023, reflecting a 30.6% rise[16] - Long-term borrowings grew to RMB 2.57 billion in Q1 2024, compared to RMB 2.01 billion at the end of 2023, marking a 27.7% increase[16] Cash Flow and Cash Equivalents - Cash and cash equivalents surged to RMB 655.92 million in Q1 2024, a significant increase from RMB 254.63 million at the end of 2023[14] - Cash and cash equivalents at the end of the period stood at 425,255,125.98[26] - Cash received from other operating activities surged to 66,866,571.04 from 40,989,572.33[25] - Net cash flow from financing activities rose to 702,089,432.55 from 551,136,564.60[26] Accounts Receivable and Inventory - Accounts receivable rose to RMB 1.09 billion in Q1 2024, up from RMB 974.82 million at the end of 2023, indicating a 12.3% increase[15] - Inventory levels slightly decreased to RMB 1.83 billion in Q1 2024, compared to RMB 1.86 billion at the end of 2023[15] R&D and Development Expenditure - Development expenditure increased to RMB 383.03 million in Q1 2024, up from RMB 368.25 million at the end of 2023, indicating continued investment in R&D[15] - R&D expenses rose significantly to 72,046,916.12 from 62,405,687.72, indicating increased investment in innovation[21] Management and Sales Expenses - Management expenses increased slightly to 43,307,781.20 from 43,054,906.01[21] - Sales revenue from goods and services increased to 661,790,694.89 from 644,845,230.49[24] Investment Activities - Cash outflow for investment activities increased to 381,963,250.48 from 314,849,823.19[25]