双环传动(002472) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥2,074,504,556.05, representing a 15.79% increase compared to ¥1,791,568,531.60 in the same period last year[3] - Net profit attributable to shareholders was ¥221,329,482.00, up 29.37% from ¥171,077,673.04 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥209,669,692.99, reflecting a 34.89% increase from ¥155,442,915.84 in the previous year[3] - Total operating revenue for Q1 2024 reached CNY 2,074,504,556.05, an increase of 15.8% compared to CNY 1,791,568,531.60 in Q1 2023[15] - Net profit for Q1 2024 was CNY 230,365,029.67, up 31.1% from CNY 175,715,502.12 in the same period last year[16] - Basic earnings per share for Q1 2024 were CNY 0.26, compared to CNY 0.20 in Q1 2023, representing a 30% increase[16] Cash Flow - The company's cash flow from operating activities decreased by 49.61% to ¥171,368,411.23, down from ¥340,080,974.72 in the same period last year[3] - The net cash flow from operating activities for the first quarter was ¥171,368,411.23, a decrease of 49.6% compared to ¥340,080,974.72 in the previous period[18] - Total cash inflow from operating activities amounted to ¥2,024,910,244.66, up from ¥1,950,089,526.29, reflecting an increase of 3.8%[18] - Cash outflow from operating activities increased to ¥1,853,541,833.43, compared to ¥1,610,008,551.57, representing a rise of 15.1%[18] - The company reported a net increase in cash and cash equivalents of ¥518,726,058.09, contrasting with a net decrease of ¥305,673,252.53 in the prior period[18] - The cash balance at the end of the period was ¥821,671,666.46, down from ¥1,444,334,188.51 at the end of the previous period[18] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥14,136,818,843.92, a 7.33% increase from ¥13,171,168,907.25 at the end of the previous year[3] - As of March 31, 2024, the total current assets amounted to RMB 6,021,569,747.68, an increase of 13.12% from RMB 5,323,645,095.53 at the beginning of the period[12] - Total liabilities increased to CNY 5,673,696,139.07, up 17.4% from CNY 4,833,355,421.63 in Q1 2023[14] - The company's total equity reached CNY 8,463,122,704.85, an increase of 1.5% from CNY 8,337,813,485.62 in the previous year[14] Research and Development - Research and development expenses increased by 35.26% to ¥100,307,374.56, compared to ¥74,158,011.67 in Q1 2023, indicating a focus on innovation[6] - Research and development expenses increased to CNY 100,307,374.56, a rise of 35.3% from CNY 74,158,011.67 in Q1 2023[15] Shareholder Activities - The company repurchased a total of 7,339,400 shares, representing 0.86% of the total share capital, as part of its share buyback program[10] - The company plans to use between RMB 100 million and RMB 200 million for the share repurchase, with a maximum price of RMB 28.00 per share[9] Tax and Expenses - The company experienced a 131.33% increase in income tax expenses, amounting to ¥40,517,887.15, compared to ¥17,515,358.58 in Q1 2023, due to higher profit levels[6] - The company paid ¥367,751,173.17 in employee compensation, an increase from ¥300,050,852.23, reflecting a rise of 22.5%[18] - Tax payments increased to ¥84,079,835.34 from ¥43,669,564.99, indicating a rise of 92.5%[18] Other Information - The company is in the process of spinning off its subsidiary, Zhejiang Huandong Robot Joint Technology Co., Ltd., for an IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board[10] - The company did not undergo an audit for the first quarter report[19]