顺络电子(002138) - 2024 Q1 - 季度财报

Financial Performance - In Q1 2024, the company achieved operating revenue of CNY 1,258,892,469.16, representing a year-on-year increase of 22.86%[3] - The net profit attributable to shareholders was CNY 170,164,146.96, a significant increase of 111.26% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 157,555,540.77, reflecting a growth of 156.73% year-on-year[3] - The company's cash flow from operating activities reached CNY 238,363,592.39, up 117.05% from the previous year[3] - The gross profit margin for Q1 2024 was 36.95%, an increase of 4.77% compared to the same period last year[12] - The company reported a weighted average return on equity of 2.82%, up from 1.44% in the previous year[3] - Total revenue for Q1 2024 reached ¥1,258,892,469.16, an increase of 22.9% compared to ¥1,024,675,233.07 in the same period last year[35] - The net profit for Q1 2024 was CNY 196,972,284.38, a significant increase of 96% compared to CNY 100,520,288.61 in Q1 2023[36] - Operating profit reached CNY 241,029,924.75, up from CNY 130,686,907.16, reflecting a growth of approximately 84% year-over-year[36] - Total revenue from sales of goods and services amounted to CNY 1,340,939,696.74, compared to CNY 912,880,461.29 in the previous year, indicating a growth of about 47%[38] Cash Flow and Assets - The company’s cash received from sales and services was CNY 1,340,939,696.74, an increase of 46.89% year-on-year[8] - Cash and cash equivalents decreased to ¥578,922,254.95 from ¥778,838,007.37, a decline of 25.7%[32] - The cash flow from operating activities generated a net amount of CNY 238,363,592.39, an increase from CNY 109,820,901.84 in the same period last year[39] - The company incurred a total of CNY 234,068,589.80 in cash outflows for investment activities, down from CNY 401,509,576.08 in the previous year[39] - Total assets at the end of Q1 2024 were CNY 12,490,446,683.43, a slight decrease of 0.62% from the end of the previous year[3] - The company's total assets were reported at ¥12,490,446,683.43, down from ¥12,568,392,287.29[34] Expenses and Costs - Total operating costs for Q1 2024 were ¥1,037,683,963.45, up 16.5% from ¥890,674,725.42 in Q1 2023[35] - Sales expenses for Q1 2024 were RMB 25.72 million, up 23.47% from RMB 20.83 million in Q1 2023, primarily due to business growth[14] - R&D expenses rose to RMB 107.34 million in Q1 2024, a 19.92% increase from RMB 89.52 million in Q1 2023, driven by increased R&D investment[14] - Management expenses increased by 27.76% to RMB 69.68 million in Q1 2024, attributed to business growth and increased depreciation of office facilities[14] - Financial expenses rose by 26.17% to RMB 23.55 million in Q1 2024, mainly due to increased interest costs[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 32,122[26] - The top shareholder, Hong Kong Central Clearing Limited, holds 9.59% of shares, totaling 77,334,170 shares[26] - The company plans to repurchase shares with a budget between RMB 100 million and RMB 150 million, with 1,943,200 shares repurchased as of March 31, 2024, representing 0.24% of the total issued shares[31] - The highest transaction price during the share repurchase was RMB 26.18 per share, while the lowest was RMB 25.43 per share[31] - The shareholder, New Yu City Hengshun Electronics Technology Development Co., holds 6.88% of shares, totaling 55,502,000 shares, with 35,340,000 shares pledged[26] - The top ten shareholders account for a significant portion of the company's equity, with the largest holding being 9.59%[26] - The company has not disclosed any related party transactions among other shareholders, indicating no known relationships that would affect shareholder actions[27] Business Development and Strategy - The company has established itself as a leading enterprise in the passive electronic components industry, delivering over 100 billion inductors annually[19] - The automotive electronics and energy storage segment saw a significant year-on-year increase of 93.42%, reaching RMB 19.00 million in Q1 2024[23] - The company is focusing on sustainable development and continuous innovation in response to the growing demand for high-quality components in emerging industries such as AI, electric vehicles, and 5G[18] - The company’s product lines include precision inductors, filters, antennas, and various components for automotive electronics and energy storage applications[24][25] - The company has established subsidiaries in Vietnam and Germany, completing the registration procedures as of the announcement date[31]