扬电科技(301012) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥233,749,410.35, representing a 199.43% increase compared to ¥78,063,635.10 in the same period last year[5] - Net profit attributable to shareholders was ¥12,668,899.83, a significant increase of 2,458.23% from ¥495,220.41 in Q1 2023[5] - Operating profit for the quarter was ¥13,969,260.07, a 1,354.81% increase compared to ¥960,212.33 in the same period last year[8] - The total operating revenue for the first quarter of 2024 was CNY 233.75 million, a significant increase from CNY 78.06 million in the same period last year, representing a growth of 199.5%[19] - The net profit for the first quarter of 2024 reached CNY 12.72 million, a substantial rise from CNY 495,220.41 in the prior year, indicating a growth of 2,570.5%[20] - The total operating costs for the first quarter of 2024 were CNY 219.75 million, compared to CNY 77.80 million in the previous year, marking an increase of 182.4%[19] Cash Flow and Assets - The net cash flow from operating activities was ¥17,927,882.59, up 415.10% from ¥3,480,438.65 in the previous year[5] - The company's cash and cash equivalents at the end of the first quarter of 2024 were CNY 322.88 million, down from CNY 333.37 million at the beginning of the period, a decrease of 3.5%[16] - The total assets increased by 5.34% to ¥1,474,286,367.46 from ¥1,399,576,293.61 at the end of the previous year[5] - The total assets of the company at the end of the first quarter of 2024 were CNY 1.47 billion, an increase from CNY 1.40 billion at the beginning of the period, representing a growth of 5.0%[18] - The total liabilities increased to CNY 359.37 million from CNY 266.81 million, indicating a rise of 34.6%[18] Shareholder Information - The top shareholder, Cheng Junming, holds 26.82% of the shares, totaling 38,220,000 shares[11] - Zhao Henglong is the second-largest shareholder with a 9.50% stake, amounting to 13,540,100 shares[11] - The company has a total of 67,310,190 shares under lock-up, with 24,890,190 shares expected to be released on February 1, 2024[14] - The company plans to release 38,220,000 shares held by Cheng Junming on June 22, 2024, as part of the initial public offering lock-up[13] - The top ten shareholders include various investment funds, with the largest being the Industrial and Commercial Bank of China, holding 3.16%[11] - The total number of shares held by the top ten unrestricted shareholders is 13,540,100 shares[12] Investment and Development - The company reported research and development expenses of CNY 7.29 million for the first quarter, up from CNY 3.11 million, reflecting an increase of 134.5%[20] - The construction in progress rose by 69.61% to ¥26,424,854.23, indicating increased investment in project development[8] Cash Flow Activities - The company incurred a net cash outflow from investing activities of 16.11 million CNY, compared to 13.99 million CNY in the previous year[24] - The net cash flow from financing activities was -12.53 million CNY, a decline from a positive cash flow of 2.71 million CNY in Q1 2023[24] - The company received 33.07 million CNY in cash from borrowings, down from 42 million CNY in the same period last year[24] - The total operating cash inflow was 111.99 million CNY, while the total operating cash outflow was 94.07 million CNY, resulting in a net operating cash flow of 17.93 million CNY[24] Share Buyback and Employee Engagement - The company repurchased 1,803,760 shares as part of its share buyback plan, with a total expenditure of between CNY 30 million and CNY 60 million[15] - The company plans to utilize the repurchased shares for employee stock ownership plans or equity incentives, enhancing employee engagement and retention[15] Miscellaneous - The company received government subsidies amounting to ¥117,032.33 during the reporting period[6] - The company did not report any significant new product launches or technological advancements during this quarter[21] - The company has no shareholders participating in margin trading or securities lending activities[12] - The company has not reported any changes in the shareholding structure due to margin trading or securities lending[12] - The company’s stock is currently not subject to any pledges or freezes[11] - Cheng Junming and Tai Zhou Yangyuan Enterprise Management Center are identified as acting in concert, with no other shareholders having such relationships[12]