福立旺(688678) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 245,993,596.22, representing a year-on-year increase of 56.55%[4] - The net profit attributable to shareholders for the same period was CNY 27,120,749.53, a significant increase of 271.23% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached CNY 19,976,382.23, reflecting a remarkable growth of 1,633.69%[4] - The basic earnings per share (EPS) was CNY 0.16, which is a 300% increase year-on-year[4] - The operating profit for Q1 2024 was CNY 28,412,988.77, significantly up from CNY 5,024,467.55 in the same period last year[20] - The net profit for Q1 2024 reached CNY 27,145,677.81, compared to CNY 7,305,625.55 in Q1 2023, representing a 271.5% increase[20] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 3,477,428,932.01, showing a growth of 4.29% from the end of the previous year[5] - As of March 31, 2024, the total assets of Fuliwang Precision Electromechanical (China) Co., Ltd. reached RMB 3,477,428,932.01, an increase from RMB 3,334,278,722.14 as of December 31, 2023, reflecting a growth of approximately 4.3%[15] - The total liabilities as of Q1 2024 were CNY 1,832,007,303.09, an increase from CNY 1,716,288,933.64 in Q1 2023[18] - The total current liabilities stood at RMB 303,976,976.57, up from RMB 263,100,337.32, indicating an increase of around 15.6%[16] - The company's fixed assets were valued at RMB 1,080,725,730.59, slightly increasing from RMB 1,072,517,503.93, showing a growth of about 0.8%[16] Cash Flow - The net cash flow from operating activities was CNY 50,866,662.44, which represents a decrease of 27.70% year-on-year[4] - Cash flow from operating activities was CNY 268,355,314.56 in Q1 2024, up from CNY 240,221,830.98 in Q1 2023[23] - The net cash flow from operating activities for Q1 2024 was ¥50,866,662.44, compared to ¥70,358,782.76 in Q1 2023, indicating a decrease of approximately 27.7%[24] - The total cash and cash equivalents at the end of Q1 2024 reached ¥673,121,574.78, up from ¥219,309,134.69 at the end of Q1 2023, marking an increase of approximately 206.5%[25] Research and Development - Research and development (R&D) expenses totaled CNY 27,440,288.42, an increase of 29.80% compared to the same period last year[4] - Research and development expenses increased to CNY 27,440,288.42 in Q1 2024, up from CNY 21,140,392.06 in Q1 2023, indicating a focus on innovation[19] - The proportion of R&D expenses to operating revenue decreased by 2.3 percentage points to 11.15%[4] Shareholder and Strategy Information - The company has not reported any significant changes in shareholder structure or participation in financing activities during the reporting period[13] - There are no significant new strategies or product developments mentioned in the report for the upcoming quarters[14] Inventory and Receivables - Accounts receivable rose to RMB 496,888,113.27 from RMB 441,313,661.96, representing an increase of about 12.6%[15] - Inventory levels increased to RMB 285,752,960.24, compared to RMB 251,889,217.55, marking a growth of approximately 13.4%[16]