AIM(SZ:300446)2024-04-21 08:04Financial Performance - The company's operating revenue for the first quarter of 2024 reached CNY 1,895,881,137.92, representing a 70.14% increase compared to CNY 1,114,313,489.03 in the same period last year[10]. - Net profit for the first quarter of 2024 was CNY 192,315,627.17, a 171.51% increase from CNY 70,831,283.85 year-on-year[10]. - The company reported total operating revenue of RMB 1,895,881,137.92 for the current period, an increase from RMB 1,114,313,489.03 in the previous period, representing a growth of approximately 70%[24]. - Net profit attributable to shareholders was ¥167,123,862.92, a significant increase of 295.34% year-over-year[32]. - The total comprehensive income for the period was ¥192,315,627.17, compared to ¥70,831,283.85 in the previous year[25]. Expenses and Costs - Research and development expenses increased by 40.53% to CNY 77,300,929.89, attributed to the addition of new projects[10]. - Total operating costs for the current period were RMB 1,713,575,803.19, up from RMB 1,049,069,107.69 in the previous period, indicating a rise of about 63.4%[24]. - Research and development expenses increased to RMB 77,300,929.89 from RMB 55,007,324.79, reflecting a growth of approximately 40.5%[24]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of CNY 34,800,216.14, a decrease of 124.32% compared to a net inflow of CNY 143,094,641.36 in the previous year[10]. - The company's cash and cash equivalents at the end of the period were RMB 2,531,271,917.12, down from RMB 3,014,016,176.61 at the beginning of the period, a decrease of about 16%[22]. - The company reported a cash flow from operating activities of -¥34,800,216.14, indicating a decline compared to the previous year's positive cash flow[32]. - The net increase in cash and cash equivalents was -$590.35 million, contrasting with an increase of $34.19 million in the previous period[60]. Assets and Liabilities - The total assets increased significantly, with other non-current assets rising by 96.08% to CNY 232,137,577.22, driven by new project and equipment investments[10]. - The company's total assets at the end of the period were RMB 6,225,285,084.55, compared to RMB 6,952,868,939.94 at the beginning of the period, indicating a decrease of approximately 10.5%[22]. - The total liabilities decreased, with short-term borrowings down by CNY 447,675,697.24 compared to the previous year[10]. - The total liabilities decreased from 4,905,366,770.65 to 4,140,024,930.48, a reduction of about 15.6%[56]. Shareholder Information - Basic earnings per share rose to ¥0.1977, reflecting a 211.34% increase from ¥0.0635 in the same period last year[32]. - The equity attributable to shareholders of the listed company was ¥4,702,924,330.52, which is a 3.81% increase from the previous year[32]. - The total number of restricted shares at the beginning of the period was 706,056,285, with 1,242,420 shares released during the period, resulting in 704,813,865 restricted shares at the end of the period[41]. Strategic Developments - The company plans to expand its business scope following the approval of changes to its articles of association[20]. - The company announced the termination and adjustment of several fundraising projects, including the expansion of automotive interior and exterior parts production projects[43]. - New projects added include the smart cockpit and autonomous driving integration project at Chengdu Aerospace Molding Co., Ltd[43]. - The company plans to adjust the investment amounts and production capacity for certain projects, reflecting a strategic shift in operations[43].