FW(SH:600742)2024-04-22 10:31Financial Performance - The company's operating revenue for Q1 2024 was CNY 4,503,924,165.93, representing an increase of 8.45% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 94,045,819.40, reflecting a growth of 36.85% year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 74,686,240.93, up by 24.13% from the previous year[5] - Total operating revenue for Q1 2024 reached ¥4,503,924,165.93, a 8.5% increase from ¥4,152,816,450.39 in Q1 2023[19] - Net profit for Q1 2024 was ¥120,234,850.36, up 30.8% from ¥91,839,475.98 in Q1 2023[20] - Operating profit for Q1 2024 was ¥142,548,835.34, compared to ¥105,443,743.22 in Q1 2023, reflecting a growth of 35.2%[19] - Net profit for Q1 2024 was ¥53,340,413.94, an increase of 34.5% compared to ¥39,679,013.83 in Q1 2023[31] Cash Flow - The net cash flow from operating activities decreased by 55.88%, amounting to CNY 251,045,300.94[5] - Cash inflow from operating activities generated a net amount of ¥251,045,300.94, down 56.1% from ¥568,996,395.41 in Q1 2023[23] - The net cash flow from operating activities decreased to CNY 10,182,656.63 in Q1 2024, down 28.5% from CNY 14,289,742.01 in Q1 2023[35] - The cash inflow from sales of goods and services was CNY 436,667,633.04, representing a 14.8% increase from CNY 380,454,952.04 in Q1 2023[35] - The cash outflow for purchasing goods and services was CNY 289,336,188.26, which increased from CNY 256,847,215.38 in the previous year[35] - The cash outflow for employee payments rose to CNY 111,614,790.08, compared to CNY 103,609,739.23 in Q1 2023[35] - The cash outflow for taxes paid significantly increased to CNY 22,063,845.80 from CNY 7,938,583.30 in the same quarter last year[35] Assets and Liabilities - The total assets at the end of the reporting period were CNY 22,110,616,753.98, a decrease of 0.93% from the end of the previous year[5] - The total current assets were reported at RMB 13,900,728,548.64, down from RMB 14,168,493,535.53, indicating a decrease of about 1.89% year-over-year[14] - The company's total liabilities stood at RMB 12,274,127,256.56, compared to RMB 12,604,430,845.91 in the previous year, representing a reduction of approximately 2.62%[16] - The total equity attributable to shareholders increased to RMB 8,314,913,377.11 from RMB 8,219,217,389.03, marking an increase of about 1.16%[16] - The company's total liabilities decreased to ¥1,105,027,053.60 from ¥1,202,983,770.26, showing improved financial stability[28] Research and Development - Research and development expenses surged by 69.11%, primarily due to increased costs associated with new product development[7] - Research and development expenses increased significantly to ¥168,854,060.82, a 68.9% rise compared to ¥99,850,463.22 in Q1 2023[19] - Research and development expenses rose to ¥13,039,322.49, up from ¥10,668,046.42, indicating a focus on innovation[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 47,000[9] - The largest shareholder, Jilin Province Yadong State-owned Capital Investment Co., Ltd., held 14.70% of the shares, amounting to 109,203,321 shares[10] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]