NHD(002264)2024-04-24 08:51Financial Performance - The company's operating revenue for Q1 2024 reached ¥1,401,564,065.16, representing a 106.90% increase compared to ¥677,416,896.38 in the same period last year[5] - Net profit attributable to shareholders was ¥93,691,153.13, up 47.06% from ¥63,710,310.13 year-on-year[5] - Basic earnings per share increased by 44.44% to ¥0.13 from ¥0.09 in the previous year[5] - Net profit for Q1 2024 was ¥93,948,917.56, representing a 47.5% increase from ¥63,711,576.21 in Q1 2023[20] - The company's total equity rose to ¥1,683,966,068.24, compared to ¥1,636,823,044.28 in the previous year[20] Cash Flow - The net cash flow from operating activities decreased by 64.25%, primarily due to an increase in bank acceptance bill guarantees[9] - The net cash flow from operating activities for Q1 2024 was ¥148,346,739.53, a decrease of 64.3% compared to ¥414,904,867.92 in Q1 2023[23] - Total cash outflow from operating activities amounted to ¥1,711,379,731.28, significantly higher than ¥759,621,599.66 in the same period last year[23] - The company reported a cash outflow from financing activities of -¥56,241,068.63, an improvement from -¥109,805,237.44 in the previous year[23] - The net increase in cash and cash equivalents for Q1 2024 was ¥91,403,146.74, compared to ¥304,900,427.48 in Q1 2023[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,205,637,742.95, reflecting an 8.41% increase from ¥2,956,908,543.44 at the end of the previous year[5] - The company's total liabilities increased by 52.73% due to an increase in short-term borrowings related to internal procurement[11] - The total liabilities increased to ¥1,521,671,674.71 from ¥1,320,085,499.16, indicating a rise in financial obligations[20] - The company's cash and cash equivalents increased to RMB 1,220,385,684.19 from RMB 893,602,349.23, representing a growth of about 36.6%[16] - Short-term borrowings increased to RMB 238,034,954.00 from RMB 155,850,574.89, reflecting a rise of about 52.6%[17] Operating Costs and Expenses - The company's gross profit margin was impacted by a 119.50% increase in operating costs, correlating with the rise in revenue[11] - Operating costs for the same period were ¥1,299,704,445.35, up 110.8% from ¥615,758,618.37 year-over-year[19] - Research and development expenses rose by 51.65%, attributed to an increase in R&D personnel[11] - Research and development expenses increased to ¥2,724,581.86, up from ¥1,796,627.97, reflecting a focus on innovation[20] - The company paid ¥40,039,491.93 to employees, an increase of 17.5% from ¥33,923,349.15 in Q1 2023[23] Other Financial Metrics - The weighted average return on equity improved to 5.65%, up from 4.28% in the previous year[5] - The company has a negative retained earnings balance of ¥354,191,966.49, improved from a deficit of ¥447,883,119.62 last year[20] - The company reported a significant increase in contract liabilities, rising by ¥7,032,400, indicating growth in advance payments received[11] - The company reported a decrease in other receivables from RMB 137,207,666.32 to RMB 90,806,886.64, a decline of about 33.7%[17] - The company has not yet audited the Q1 2024 report[24]