Yoke Technology(002409)2024-04-25 11:49Financial Performance - The company's revenue for Q1 2024 reached ¥1,618,200,158.07, representing a 51.09% increase compared to ¥1,071,037,362.75 in the same period last year[3] - Net profit attributable to shareholders was ¥245,896,563.91, up 42.21% from ¥172,905,265.22 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥239,265,711.24, reflecting a 55.67% increase from ¥153,698,258.79 in the previous year[3] - Operating profit for Q1 2024 was ¥309,253,862.01, compared to ¥213,330,897.60 in Q1 2023, reflecting a growth of 44.9%[15] - Basic earnings per share increased to ¥0.5167 from ¥0.3656, representing a growth of 41.3% year-over-year[15] - The company reported a total comprehensive income of ¥149,963,699.54, slightly up from ¥148,309,814.15 in the previous year[15] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥225,514,244.79, a significant decline of 294.38% compared to a net inflow of ¥116,014,857.29 in the same quarter last year[3] - The total cash inflow from operating activities was CNY 1,633,916,295.80, an increase from CNY 1,216,978,574.44 in the previous period, representing a growth of approximately 34.3%[16] - The net cash outflow from operating activities was CNY -225,514,244.79, compared to a net inflow of CNY 116,014,857.29 in the same period last year[16] - Cash inflow from financing activities totaled CNY 1,103,044,051.95, up from CNY 830,566,356.72, indicating a growth of about 32.8%[17] - The net cash flow from financing activities was CNY 478,863,236.00, compared to CNY 407,037,653.98 in the previous year, reflecting an increase of approximately 17.6%[17] - The cash and cash equivalents at the end of the period amounted to CNY 1,840,036,693.33, down from CNY 2,833,666,047.24 at the end of the previous period[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥13,311,354,027.26, a 5.53% increase from ¥12,614,270,358.79 at the end of the previous year[3] - Total liabilities increased to RMB 4.49 billion, compared to RMB 3.95 billion, indicating a rise of approximately 13.7%[12] - The company's short-term borrowings surged to RMB 2.02 billion, up from RMB 1.48 billion, which is an increase of about 36.1%[12] - Total assets and equity increased to ¥13,311,354,027.26 and ¥8,818,476,862.36 respectively, compared to ¥12,614,270,358.79 and ¥8,666,288,009.81 in Q1 2023[13] Research and Development - Research and development expenses increased by 80.03% to ¥54,456,917.48, compared to ¥30,248,035.00 in the previous year, indicating a focus on innovation[6] - Research and development expenses are expected to rise by 20% as the company invests in new technologies and product innovations[12] Shareholder Information - The top two shareholders, Shen Qi and Shen Fu, hold 22.00% and 20.18% of the shares, respectively, indicating concentrated ownership[7] Market Strategy - The company plans to expand its market presence by launching new semiconductor products in the upcoming quarters, aiming for a market share increase of 5%[12] - Jiangsu Yake Technology is exploring potential mergers and acquisitions to enhance its competitive edge in the semiconductor industry[12] Inventory and Receivables - Accounts receivable increased by 31.97% to ¥1,537,015,727.05, attributed to higher sales during the reporting period[6] - Inventory levels increased to RMB 1.79 billion, up from RMB 1.66 billion, reflecting a growth of around 7.7%[11] - The company reported a significant increase in contract assets, which rose by 78.53% to ¥56,365,006.53, reflecting increased sales activity[6]