EDIFIER(002351)2024-04-25 12:11Revenue and Profit Growth - Revenue for the first quarter of 2024 was 679,056,643.53 yuan, a 25.08% increase compared to the same period last year[22] - Net profit attributable to shareholders of the listed company was 109,308,076.99 yuan, a 43.44% increase year-on-year[22] - Net profit increased by 48.36% to 123,458,884.08 yuan, driven by higher revenue and gross margin[25] - Net profit attributable to parent company owners increased by 43.44% to RMB 109,308,076.99, driven by higher revenue and gross margin[26] - Revenue for the current reporting period reached 679,056,643.53 yuan, a 25.1% increase compared to the previous period's 542,904,191.62 yuan[49] - Operating profit for the current period was 144,931,283.49 yuan, up 46.8% from 98,749,214.76 yuan in the previous period[50] - Net profit attributable to the parent company's owners was 109,308,076.99 yuan, a 43.4% increase from 76,205,152.40 yuan in the previous period[50] - The company's total comprehensive income for the period was 122,585,539.80 yuan, up 54.7% from 79,261,166.05 yuan in the previous period[50] Cash Flow and Financial Activities - Net cash flow from operating activities was 91,618,151.37 yuan, a significant increase of 287.34% compared to the same period last year[22] - Financial expenses decreased by 90.34% to -11,355,197.76 yuan, mainly due to increased interest income[25] - Cash received from sales of goods and services rose by 37.94% to RMB 760,825,397.93[26] - Cash inflows from operating activities increased by 45.64% to RMB 822,710,880.86[26] - Cash outflows for investment activities skyrocketed by 33,550.75% to RMB 509,527,500.72 due to increased purchase of financial products[26] - Cash dividends paid to minority shareholders surged by 141,307.98% to RMB 22,288,300.99[26] - The company's operating cash flow increased significantly, with a net cash flow from operating activities of 91,618,151.37 yuan, compared to a negative cash flow of -48,905,978.26 yuan in the previous period[35] - The company's cash received from sales of goods and services increased from 551,556,658.26 yuan to 760,825,397.93 yuan, an increase of approximately 37.94%[35] - The company's cash paid for goods and services increased from 359,755,281.88 yuan to 503,212,880.25 yuan, an increase of approximately 39.88%[35] - The company's cash received from other operating activities increased significantly from 7,753,556.45 yuan to 56,655,964.22 yuan, an increase of approximately 630.78%[35] - The company's cash paid to employees increased from 110,901,460.23 yuan to 127,840,250.71 yuan, an increase of approximately 15.27%[35] - Investment activities cash outflow totaled 509,527,500.72, a significant increase from the previous period's 1,514,163.79[54] - Net cash flow from investment activities decreased to 28,305,762.64 from 173,489,399.29 in the previous period[54] - Cash outflow from financing activities amounted to 28,369,295.31, compared to 1,748,662.54 in the previous period[54] - Net cash flow from financing activities was -28,369,295.31, a decrease from -1,748,662.54 in the previous period[54] - The impact of exchange rate changes on cash and cash equivalents was 966,777.71, compared to -2,947,203.77 in the previous period[54] - Net increase in cash and cash equivalents was 92,521,396.41, down from 119,887,554.72 in the previous period[54] - Ending cash and cash equivalents balance stood at 1,442,930,691.05, up from 1,332,528,067.99 in the previous period[54] Expenses and Costs - Sales expenses increased by 76.01% to 78,700,339.39 yuan, mainly due to increased market promotion and labor costs[25] - R&D expenses increased by 45.18% to 40,155,339.23 yuan, primarily due to higher experimental material and labor costs[25] - R&D expenses increased to 40,155,339.23 yuan, a 45.2% rise from 27,659,342.35 yuan in the previous period[49] - Sales expenses rose to 78,700,339.39 yuan, a 76.0% increase from 44,713,596.70 yuan in the previous period[49] Assets and Liabilities - Total assets at the end of the reporting period were 3,218,206,147.81 yuan, a slight decrease of 2.19% compared to the end of the previous year[22] - Equity attributable to shareholders of the listed company was 2,646,254,789.87 yuan, a 4.11% increase compared to the end of the previous year[22] - The company's total assets decreased from 3,290,281,659.92 yuan to 3,218,206,147.81 yuan, a decline of approximately 2.19%[31] - The company's total liabilities decreased from 662,072,402.69 yuan to 495,857,383.11 yuan, a reduction of approximately 25.11%[31] - The company's inventory decreased from 500,803,449.79 yuan to 404,847,253.70 yuan, a reduction of approximately 19.16%[30] - The company's accounts receivable increased from 199,470,605.03 yuan to 209,070,649.53 yuan, an increase of approximately 4.81%[30] - The company's contract liabilities increased from 23,228,545.89 yuan to 35,625,984.59 yuan, an increase of approximately 53.37%[31] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 56,674[26] - Zhang Wendong holds 26.67% of the company's shares, making him the largest shareholder[26] - Xiao Min holds 21.35% of the company's shares, making her the second-largest shareholder[26] - Wang Xiaohong, an overseas individual, holds 3.83% of the company's shares[26] - The company repurchased 320,000 shares, accounting for 0.0360% of the total shares, with a total transaction value of 4,285,035.00 yuan[45] - The company plans to repurchase shares worth between 50 million yuan and 100 million yuan, with a maximum price of 18 yuan per share[44] Earnings Per Share - Basic earnings per share were 0.1229 yuan, a 43.41% increase compared to the same period last year[22] - Basic earnings per share (EPS) for the current period was 0.1229, up from 0.0857 in the previous period[51]