信质集团(002664) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,294,231,998.50, representing a 31.10% increase compared to ¥987,223,635.67 in the same period last year[4] - The net profit attributable to shareholders was ¥47,019,084.70, an 18.56% increase from ¥39,658,340.18 year-on-year[4] - Basic earnings per share increased by 17.72% to ¥0.1156 from ¥0.0982 in the same period last year[4] - The net profit for Q1 2024 was CNY 47,068,227.68, an increase of 23.1% from CNY 38,248,291.43 in Q1 2023[21] - The basic and diluted earnings per share for Q1 2024 were both CNY 0.1156, compared to CNY 0.0982 in Q1 2023, reflecting a growth of 17.5%[21] Cash Flow - The net cash flow from operating activities reached ¥100,839,515.48, a significant improvement of 290.35% compared to -¥52,975,203.46 in the previous year[12] - The net cash flow from operating activities for Q1 2024 was ¥100,839,515.48, compared to a negative cash flow of ¥52,975,203.46 in Q1 2023, indicating a significant improvement[23] - The total cash inflow from operating activities was ¥1,464,172,308.16, compared to ¥1,001,422,303.42 in Q1 2023, marking a growth of about 46.2%[23] - The cash flow from operating activities for Q1 2024 was CNY 1,342,645,786.78, compared to CNY 901,158,345.71 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,461,912,814.66, up 5.29% from ¥8,986,235,058.48 at the end of the previous year[4] - The company's total liabilities increased to CNY 6,030,934,198.67 in Q1 2024 from CNY 5,604,061,645.17 in Q1 2023, marking a rise of 7.6%[20] - The company's total liabilities increased, with non-current liabilities due within one year rising by 65.03% to ¥193,192,157.38, reflecting increased long-term borrowings[9] - Total assets increased to ¥9,461,912,814.66 from ¥8,986,235,058.48, reflecting a growth of 5.3%[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 19,028[14] - The largest shareholder, CITIC Trust Co., Ltd., holds 25.58% of shares, totaling 104,005,200 shares[14] - Shareholders have increased their holdings, with ongoing plans for further increases[16] Financial Expenses - The company reported a financial expense of CNY 2,645,576.44 in Q1 2024, compared to a financial income of CNY 5,293,883.23 in the same period last year[20] - The company's financial expenses rose by 149.97% to ¥2,645,576.44, primarily due to increased borrowing costs[10] Government Support - The company received government subsidies amounting to ¥2,208,918.18, which positively impacted its financial performance[7] Research and Development - Research and development expenses for Q1 2024 were CNY 43,746,808.42, an increase of 26.4% from CNY 34,626,135.72 in Q1 2023[20] Cash and Equivalents - Cash and cash equivalents increased to ¥1,846,294,223.58 from ¥1,129,154,727.03, representing a growth of 63.6%[18] - The total cash and cash equivalents at the end of Q1 2024 amounted to ¥1,327,790,149.12, an increase from ¥731,027,169.49 at the end of Q1 2023, representing an increase of approximately 81.6%[24] Future Plans - The company plans to establish a wholly-owned subsidiary, Xinzhi Electric (Wuhan) Co., Ltd.[16] - The company is implementing an employee stock ownership plan for 2024[16]