Ultrapower(300002)2024-04-24 07:56Financial Performance - The company's operating revenue for Q1 2024 was ¥1,488,183,132.94, representing a 22.79% increase compared to ¥1,211,957,955.63 in the same period last year[4] - Net profit attributable to shareholders for Q1 2024 was ¥295,017,224.07, a 65.62% increase from ¥178,131,184.75 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥286,802,335.35, reflecting a 95.39% increase from ¥146,781,507.19 year-on-year[4] - Basic earnings per share for Q1 2024 were ¥0.1514, up 65.65% from ¥0.0914 in the previous year[4] - The net profit for the current period is approximately ¥289.59 million, a significant increase from ¥173.80 million in the previous period, representing a growth of about 66.7%[25] - The total comprehensive income for the current period is approximately ¥290.80 million, compared to ¥171.93 million in the previous period, representing an increase of about 69.0%[25] Cash Flow - The net cash flow from operating activities reached ¥227,830,213.18, a significant increase of 377.93% compared to ¥47,670,050.19 in the same quarter last year[4] - The cash flow from operating activities generated a net amount of ¥227.83 million, a substantial rise from ¥47.67 million in the previous year, reflecting a growth of approximately 376.5%[26] - Cash received from other operating activities rose by 180.21% to ¥62,478,782.64, mainly from employee stock plan sales and increased interest income[12] - The cash flow from financing activities decreased by 33.09% to ¥10,513,303.16, mainly due to a reduction in bank loans[12] - The net cash flow from financing activities was approximately ¥10.51 million, down from ¥15.71 million in the previous period, reflecting a decrease of about 33.3%[27] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to ¥7,024,264,917.64, a 3.26% increase from ¥6,802,772,091.55 at the end of the previous year[4] - The company’s total liabilities decreased to ¥911,516,400.21 from ¥1,016,010,141.45, a reduction of 10.3%[20] - The total equity attributable to shareholders increased to ¥3,247,741,861.62 from ¥2,952,724,637.55, reflecting a growth of 10%[20] - Cash and cash equivalents at the end of Q1 2024 were ¥2,057,725,432.70, down from ¥2,127,136,296.82 at the beginning of the quarter, indicating a decrease of 3.3%[20] Expenses - Management expenses rose by 72.86% to ¥256,661,097.09, primarily due to increased employee compensation[9] - Operating costs for Q1 2024 were ¥1,162,495,142.93, up from ¥1,027,028,674.60 in the same period last year, reflecting a growth of 13.1%[23] - Research and development expenses for Q1 2024 were ¥92,533,093.69, slightly down from ¥98,252,823.81 in Q1 2023, showing a decrease of 5.8%[23] Investment Activities - The company reported a 258.94% increase in cash paid for investments, totaling ¥1,170,150,068.16, attributed to increased bank wealth management products and time deposits[12] - The net cash flow from investment activities decreased significantly by 561.40% to -¥309,008,497.47, primarily due to increased purchases of bank wealth management products and time deposits[12] - The company received cash from investment recovery totaling ¥862 million, significantly higher than ¥292 million in the previous period, indicating a growth of approximately 194.5%[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 115,040, with the largest shareholder holding 8.78% of shares[13] - The largest shareholder, Li Li, holds 172,191,092 shares, representing 8.78% of the total shares[13] Other Income and Tax - The company reported a 55.91% decrease in other income, totaling ¥7,214,916.97, mainly due to reduced government subsidies[11] - The company experienced a 49.99% decrease in tax refunds received, amounting to ¥1,024,735.98, due to a reduction in VAT refunds[12] Exchange Rate Impact - The impact of exchange rate changes on cash and cash equivalents was positive, amounting to ¥4,445,449.64, a 129.38% increase compared to the previous period[12] Future Plans - The company plans to continue expanding its investment in bank wealth management products and time deposits to enhance cash flow management[12]