森源电气(002358) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥571,169,684.93, an increase of 11.18% compared to ¥513,727,157.11 in the same period last year[6] - Net profit attributable to shareholders for Q1 2024 reached ¥38,221,934.10, representing a significant increase of 184.15% from ¥13,451,245.78 in the previous year[6] - Basic earnings per share for Q1 2024 were ¥0.0411, up 183.45% from ¥0.0145 in the previous year[6] - The company reported a net profit increase, with undistributed profits rising to RMB 93,664,127.99 from RMB 55,442,193.89, an increase of 68.9%[20] - The net profit for the first quarter of 2024 was CNY 38,159,401.11, a significant increase from CNY 13,864,759.94 in the same period last year, representing a growth of approximately 175.5%[22] - Operating profit reached CNY 43,632,953.59, compared to CNY 19,007,280.28 in the previous year, marking an increase of about 129.1%[22] - Total revenue from sales of goods and services amounted to CNY 403,973,208.82, up from CNY 333,909,678.10, reflecting a growth of approximately 20.9%[24] - The total comprehensive income for the period was CNY 38,159,401.11, significantly higher than CNY 13,864,759.94 from the previous year[23] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥6,057,149.43, a turnaround from a negative cash flow of ¥20,806,354.24 in the same period last year, marking a 129.11% increase[6] - The cash flow from operating activities generated a net amount of CNY 6,057,149.43, a turnaround from a negative cash flow of CNY -20,806,354.24 in the previous year[24] - The net increase in cash and cash equivalents was -¥8,653,350.60, an improvement of 93.75% from -¥138,350,698.59 in the previous year, attributed to increased sales receipts[13] - The company reported a cash and cash equivalents balance of CNY 71,487,234.81 at the end of the quarter, down from CNY 110,840,783.71 at the end of the previous year[25] - The company's cash and cash equivalents at the end of the first quarter were RMB 91,299,054.71, down from RMB 110,924,760.13 at the beginning of the quarter, a decrease of 17.5%[18] - Financing activities resulted in a net cash outflow of CNY -13,715,359.86, compared to a larger outflow of CNY -114,672,465.16 in the previous year[25] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥6,300,369,291.58, a slight decrease of 0.72% from ¥6,345,842,328.64 at the end of the previous year[6] - Total assets at the end of the first quarter were RMB 6,300,369,291.58, slightly down from RMB 6,345,842,328.64 at the beginning of the quarter, a decrease of 0.7%[20] - Total liabilities decreased to RMB 3,092,895,684.20 from RMB 3,176,528,122.37, a reduction of 2.6%[20] - The company's equity attributable to shareholders increased to RMB 3,202,316,399.12 from RMB 3,164,094,465.02, an increase of 1.2%[20] Operational Efficiency - The company's weighted average return on equity increased to 1.20%, up from 0.43% in the same period last year[6] - The company reported a significant reduction in accounts receivable, down 39.30% to ¥57,311,629.23 from ¥94,417,941.88 in the previous year[9] - Accounts receivable increased to RMB 3,179,350,870.58 from RMB 3,055,926,119.69, representing an increase of 4.0%[18] - Inventory decreased to RMB 377,827,847.36 from RMB 441,249,700.65, a decline of 14.4%[19] - The total operating costs for the first quarter were RMB 540,250,467.10, up from RMB 495,757,861.37, reflecting a year-over-year increase of 8.9%[21] - The company’s total operating expenses increased to CNY 80,000,000.00, up from CNY 75,000,000.00 in the previous year, reflecting a rise of approximately 6.7%[22] Other Income and Expenses - Other income surged to ¥12,713,735.76, an increase of 871.29% compared to ¥1,308,954.54 in the previous year, primarily due to tax incentives[11] - The company incurred research and development expenses of CNY 18,795,186.64, slightly lower than CNY 20,005,978.62 in the same period last year[22] Strategic Focus - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[19]