德赛西威(002920) - 2024 Q1 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators The company achieved steady growth in Q1 2024, with significant increases in operating revenue, net profit, total assets, and shareholder equity Key Financial Indicators for Q1 2024 | Indicator | Current Period | Prior-Year Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 5,647,731,859.41 | 3,983,427,024.66 | 41.78% | | Net Profit Attributable to Shareholders (Yuan) | 384,770,978.67 | 330,525,213.28 | 16.41% | | Net Profit after Non-recurring Items (Yuan) | 370,530,965.09 | 291,239,259.29 | 27.23% | | Net Cash Flow from Operating Activities (Yuan) | 198,468,612.94 | 192,607,804.95 | 3.04% | | Basic Earnings Per Share (Yuan/Share) | 0.70 | 0.60 | 16.67% | | Weighted Average Return on Equity | 4.72% | 4.96% | -0.24% | | Indicator | End of Current Period | End of Prior Year | Period-over-Period Change (%) | | Total Assets (Yuan) | 18,483,103,014.85 | 18,014,086,502.65 | 2.60% | | Equity Attributable to Shareholders (Yuan) | 8,356,224,727.17 | 7,952,283,330.30 | 5.08% | Non-recurring Profit and Loss Items and Amounts Total non-recurring profit and loss for the period was ¥14.24 million, primarily composed of ¥19.71 million in government subsidies Details of Non-recurring Profit and Loss for Q1 2024 | Item | Amount (Yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -546,403.50 | | Government Subsidies Included in Current Profit/Loss | 19,708,247.06 | | Fair Value Change Gains/Losses on Financial Assets/Liabilities | -504,679.20 | | Other Non-operating Income and Expenses | -2,055,878.61 | | Total | 14,240,013.58 | Analysis of Changes in Key Financial Indicators Significant changes occurred in financial indicators, including growth in financial assets and receivables, a 41.78% revenue increase, and reduced net cash flows from investing and financing activities - Trading financial assets increased by 194.68% YoY, mainly due to an increase in floating-rate wealth management products[9] - Other receivables increased by 131.50% YoY, mainly due to an increase in tax refunds receivable at the end of the period[9] - Contract liabilities increased by 45.07% YoY, mainly due to an increase in advance payments received[9] - Other current liabilities increased by 1530.26% YoY, mainly due to an increase in output tax corresponding to advance receipts[9] - Operating revenue increased by 41.78% YoY, mainly due to an increase in orders during the period[10] - R&D expenses increased by 30.10% YoY, reflecting the company's continued investment in research and development[10] - Financial expenses increased by 325.99% YoY, mainly due to an increase in foreign exchange losses[10] - Asset impairment losses changed significantly by -6585.02% YoY, mainly due to increased provisions for inventory write-downs[10] - Net cash flow from investing activities net outflow decreased by 30.17% YoY, mainly due to a reduction in wealth management investments[10] - Net cash flow from financing activities net inflow decreased by 90.29% YoY, mainly due to a reduction in bank credit borrowings[10] Shareholder Information Shareholding of Common Stockholders As of the reporting date, the company had 32,706 common stockholders, with a concentrated ownership structure led by two major shareholders holding 28.31% and 27.46% respectively - As of the end of the reporting period, the total number of common stockholders was 32,706[12] Top Three Shareholders' Holdings | Shareholder Name | Shareholding Ratio (%) | Number of Shares | | :--- | :--- | :--- | | Guangdong Desay Group Co, Ltd | 28.31% | 157,106,250.00 | | Huizhou Innovation Investment Co, Ltd | 27.46% | 152,418,750.00 | | Xinyu Weili De Investment Consulting Partnership (Limited Partnership) | 3.46% | 19,177,494.00 | Other Important Matters Effective February 3, 2024, the company's control structure changed to having no controlling shareholder or actual controller due to the restoration of certain shareholder voting rights - Effective February 3, 2024, the company transitioned to a state of no controlling shareholder and no actual controller due to the restoration of certain shareholder voting rights[14] Quarterly Financial Statements Consolidated Balance Sheet As of March 31, 2024, total assets were ¥18.48 billion, up 2.60%, while total liabilities were ¥10.01 billion, and equity attributable to shareholders grew by 5.08% to ¥8.36 billion Key Items of the Consolidated Balance Sheet | Item | Ending Balance (Yuan) | Beginning Balance (Yuan) | | :--- | :--- | :--- | | Total Assets | 18,483,103,014.85 | 18,014,086,502.65 | | Total Current Assets | 13,975,734,121.56 | 13,675,161,455.51 | | Total Non-current Assets | 4,507,368,893.29 | 4,338,925,047.14 | | Total Liabilities | 10,013,563,582.65 | 9,953,950,597.00 | | Total Current Liabilities | 8,783,939,756.92 | 8,722,675,954.02 | | Total Non-current Liabilities | 1,229,623,825.73 | 1,231,274,642.98 | | Total Equity | 8,469,539,432.20 | 8,060,135,905.65 | | Equity Attributable to Parent Company | 8,356,224,727.17 | 7,952,283,330.30 | Consolidated Income Statement In Q1 2024, the company's total operating revenue was ¥5.65 billion, up 41.78% YoY, with net profit attributable to the parent company reaching ¥385 million, a 16.41% increase Key Items of the Consolidated Income Statement | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 5,647,731,859.41 | 3,983,427,024.66 | | Total Operating Costs | 5,305,646,263.49 | 3,718,853,610.02 | | R&D Expenses | 523,037,588.65 | 402,031,516.04 | | Operating Profit | 455,259,697.87 | 389,646,764.79 | | Total Profit | 452,657,415.76 | 389,690,154.52 | | Net Profit | 389,874,356.71 | 329,545,260.52 | | Net Profit Attributable to Parent Company | 384,770,978.67 | 330,525,213.28 | | Basic Earnings Per Share | 0.70 | 0.60 | Consolidated Cash Flow Statement Net cash from operating activities was ¥198 million in Q1 2024, while net cash used in investing activities decreased and net cash from financing activities significantly declined Key Items of the Consolidated Cash Flow Statement | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 198,468,612.94 | 192,607,804.95 | | Net Cash Flow from Investing Activities | -453,192,106.33 | -648,984,657.35 | | Net Cash Flow from Financing Activities | 32,696,940.76 | 336,797,098.58 | | Net Increase in Cash and Cash Equivalents | -223,744,626.05 | -110,373,856.63 | | Ending Balance of Cash and Cash Equivalents | 909,415,728.39 | 926,450,901.73 | Audit Status The company's financial report for the first quarter of 2024 has not been audited - The company's first-quarter report is unaudited[25]