杭电股份(603618) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,659,663,383.36, representing a year-on-year increase of 12.04%[4] - The net profit attributable to shareholders for the same period was CNY 25,398,027.40, reflecting a growth of 13.62% compared to the previous year[4] - The basic earnings per share increased by 33.33% to CNY 0.04, driven by the rise in net profit[4] - Total operating revenue for Q1 2024 reached ¥1,659,663,383.36, an increase of 12.06% compared to ¥1,481,305,038.39 in Q1 2023[18] - Net profit for Q1 2024 was ¥26,682,250.43, representing a 11.92% increase from ¥23,889,256.95 in Q1 2023[19] - The company reported a total comprehensive income of ¥53,738,857.93 for Q1 2024, compared to ¥10,457,959.45 in Q1 2023, indicating a substantial increase[20] - Operating profit for Q1 2024 was approximately ¥35.92 million, up from ¥21.12 million in Q1 2023, indicating a significant improvement in profitability[30] - Net profit for Q1 2024 reached approximately ¥34.97 million, compared to ¥20.53 million in Q1 2023, reflecting a year-over-year increase of 70.5%[30] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -334,822,041.61, a decline of 327.35% year-on-year, primarily due to increased cash payments for procurement[4][7] - In Q1 2024, the net cash flow from operating activities was -334,822,041.61 RMB, a significant decline compared to 147,273,512.86 RMB in Q1 2023[23] - Total cash inflow from operating activities decreased to 1,708,954,793.15 RMB in Q1 2024 from 1,937,490,837.39 RMB in Q1 2023, representing a decline of approximately 11.8%[23] - Cash outflow from operating activities increased to 2,043,776,834.76 RMB in Q1 2024, up from 1,790,217,324.53 RMB in Q1 2023, marking an increase of about 14.1%[23] - Cash and cash equivalents at the end of Q1 2024 were 508,581,542.79 RMB, down from 550,802,366.03 RMB at the end of Q1 2023[24] - The company reported a net cash flow from operating activities of approximately -¥243.76 million for Q1 2024, worsening from -¥21.58 million in Q1 2023[33] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to CNY 10,246,427,503.41, up 3.57% from the end of the previous year[5] - The company's total liabilities increased to ¥7,188,198,250.17 in Q1 2024, compared to ¥6,900,562,867.05 in Q1 2023, marking a rise of 4.17%[16] - The total assets as of March 31, 2024, were 9,396,396,251.24 RMB, an increase from 9,050,207,971.87 RMB at the end of 2023[26] - The total liabilities increased to 6,386,554,794.54 RMB as of March 31, 2024, compared to 6,114,171,806.14 RMB at the end of 2023[26] - The company's total equity rose to 3,009,841,456.70 RMB as of March 31, 2024, from 2,936,036,165.73 RMB at the end of 2023[27] Shareholder Information - The top ten shareholders held a combined 52.02% of the company's shares, with the largest shareholder owning 29.95%[9] - The company has not reported any changes in the top 10 shareholders or their shareholding status during the reporting period[11] Research and Development - Research and development expenses for Q1 2024 were ¥64,488,974.20, compared to ¥48,808,500.25 in Q1 2023, reflecting a significant increase of 32.14%[18] - Research and development expenses increased to approximately ¥48.42 million in Q1 2024, up from ¥40.02 million in Q1 2023, highlighting the company's commitment to innovation[29] Other Financial Metrics - The company had a weighted average return on equity of 0.87%, an increase of 0.07 percentage points compared to the previous year[4] - Financial expenses surged to approximately ¥28.48 million in Q1 2024, compared to only ¥1.23 million in Q1 2023, primarily due to increased interest expenses[29] - The company experienced a significant increase in other income, which rose to approximately ¥2.51 million in Q1 2024 from ¥0.33 million in Q1 2023[29]