韦尔股份(603501) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached CNY 5.64 billion, representing a year-on-year increase of 30.18%[4] - Net profit attributable to shareholders for Q1 2024 was CNY 557.79 million, a significant increase of 180.50% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 565.98 million, showing a remarkable growth of 2,476.81% year-on-year[4] - The basic earnings per share for Q1 2024 was CNY 0.46, reflecting a year-on-year increase of 172.80%[4] - The diluted earnings per share for Q1 2024 was also CNY 0.46, with a year-on-year increase of 172.60%[4] - Operating profit for Q1 2024 was RMB 575,668,464.03, compared to RMB 259,539,750.35 in Q1 2023, reflecting a significant increase[16] - Net profit for Q1 2024 was RMB 554,047,847.19, up from RMB 194,988,072.61 in Q1 2023, indicating a growth of 184.5%[17] - The total comprehensive income for Q1 2024 was RMB 522,799,642.24, compared to RMB 283,358,385.75 in Q1 2023, showing a growth of 84.5%[17] Profitability Metrics - The company's gross profit margin for the reporting period was 27.89%, an increase of 3.17% year-on-year and 4.99% quarter-on-quarter[5] - The weighted average return on equity increased by 1.53 percentage points to 2.63%[4] - Basic earnings per share for Q1 2024 were RMB 0.46, compared to RMB 0.17 in Q1 2023, representing a 170.6% increase[17] Cash Flow and Liquidity - The net cash flow from operating activities for Q1 2024 was CNY 1.11 billion, a decrease of 19.71% compared to the previous year[4] - The total cash inflow from operating activities for Q1 2024 was CNY 5,871,163,983.89, an increase of 38.3% compared to CNY 4,247,666,026.41 in Q1 2023[18] - Cash outflow from operating activities totaled CNY 4,760,815,230.28, up from CNY 2,864,805,928.05 in the same period last year, representing a 66.1% increase[18] - The ending cash and cash equivalents balance was CNY 7,832,955,139.80, up from CNY 4,712,774,628.14 at the end of Q1 2023[19] - The company received CNY 5,799,562,306.24 in cash from sales of goods and services, a 38.8% increase from CNY 4,179,640,625.47 in Q1 2023[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 37.06 billion, a decrease of 1.80% from the end of the previous year[4] - The company's cash and cash equivalents stood at RMB 7,873,487,139.80, down from RMB 9,085,874,262.92, indicating a decrease of about 13.4%[13][14] - Accounts receivable decreased to RMB 3,888,873,573.82 from RMB 4,031,470,989.60, representing a decline of approximately 3.5%[13][14] - Total current liabilities rose to RMB 6,668,000,000.00, compared to RMB 5,000,000,000.00 in the previous period, reflecting an increase of approximately 33.4%[14] - The company's total equity attributable to shareholders was RMB 21,046,901,351.08, down from RMB 21,450,826,201.46 in Q1 2023[16] - Total liabilities decreased to RMB 15,976,743,247.33 in Q1 2024 from RMB 16,248,476,852.13 in Q1 2023, a reduction of 1.67%[16] Research and Development - Research and development expenses in Q1 2024 amounted to RMB 622,674,760.74, an increase of 33.6% from RMB 465,972,998.81 in Q1 2023[16] Investment and Other Income - The company reported a significant increase in investment income, reaching RMB 48,248,484.55 in Q1 2024, compared to RMB 2,016,521.83 in Q1 2023[16] Operational Changes - The company has not reported any significant changes in its operational strategies or new product developments during the quarter[12]