Financial Performance - The company's revenue for Q1 2024 reached ¥424,126,179.50, representing a 96.27% increase compared to ¥216,090,082.14 in the same period last year[5] - Net profit attributable to shareholders was ¥21,428,536.94, a significant turnaround from a loss of ¥35,596,760.29, marking a 160.20% increase year-over-year[5] - The basic and diluted earnings per share increased to ¥0.1608, up 160.22% from a loss of ¥0.267 per share in the previous year[5] - Operating profit for Q1 2024 was CNY 22,146,611.20, compared to a loss of CNY 34,939,149.81 in the same period last year[22] - Net profit for Q1 2024 was CNY 21,384,040.47, recovering from a net loss of CNY 35,597,660.29 in Q1 2023[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,845,257,512.00, reflecting a 12.15% increase from ¥2,537,115,940.14 at the end of the previous year[5] - Total liabilities increased to CNY 1,588,370,807.72 in Q1 2024 from CNY 1,296,270,185.33 in Q1 2023, reflecting a growth of 22.5%[22] - Current assets amounted to CNY 1,588,498,054.73, up from CNY 1,321,237,725.20, indicating a growth of about 20.2%[18] - Non-current assets totaled CNY 1,256,759,457.27, up from CNY 1,215,878,214.94, indicating a slight increase of approximately 3.4%[18] Inventory and Receivables - The company experienced a 25.07% increase in inventory and a 142.59% increase in accounts receivable compared to the beginning of the year[10] - Accounts receivable increased significantly to CNY 414,339,418.96 from CNY 170,796,605.44, representing a rise of approximately 142.6%[18] - Inventory levels rose to CNY 814,206,735.32, compared to CNY 651,013,851.01 at the start of the quarter, marking an increase of around 25.0%[18] Cash Flow - Cash flow from operating activities was CNY 38,934,556.91 in Q1 2024, up from CNY 18,731,493.17 in Q1 2023, representing a growth of 107.5%[25] - The net cash flow from operating activities was -280,391,583.68 CNY, compared to -262,781,671.22 CNY in the previous year, indicating a decline in operational cash flow[26] - The total cash inflow from financing activities was 100,002,182.70 CNY, down from 315,000,000.00 CNY year-over-year[27] - The net cash flow from investing activities was -16,050,673.14 CNY, compared to -28,386,308.01 CNY in the previous year, showing an improvement in investment cash flow[26] Shareholder Information - The company reported a total of 97,000,000 shares under lock-up restrictions, with no shares released during the reporting period[16] - The company has a significant shareholder structure, with the largest shareholder holding 69,400,000 shares, representing a substantial portion of the total shares[16] - The company is under the control of three main actual controllers, indicating a concentrated ownership structure[14] Research and Development - Research and development expenses for Q1 2024 were CNY 4,833,010.72, compared to CNY 3,487,605.71 in Q1 2023, marking an increase of 38.5%[22] Other Financial Metrics - Non-recurring gains totaled ¥394,958.84, including government subsidies and other income[7] - The company's cash and cash equivalents decreased to CNY 133,138,067.06 from CNY 337,207,904.36, a decline of approximately 60.5%[18] - Short-term borrowings increased to CNY 185,081,458.34 from CNY 85,081,458.34, reflecting a growth of about 117.5%[18] - The company paid 33,392,967.35 CNY in employee compensation, an increase from 13,649,259.36 CNY in the previous year[26] - Cash outflow for purchasing goods and services was 266,875,875.45 CNY, compared to 275,401,212.32 CNY in the previous year, indicating a slight decrease[26] - The company received tax refunds amounting to 1,053.48 CNY, compared to 215,739.14 CNY in the previous year[26] - The cash outflow for financing activities totaled 7,555,763.18 CNY, down from 33,360,502.80 CNY in the previous year[27] - The company reported a cash inflow from operating activities of 39,175,555.55 CNY, compared to 36,529,409.28 CNY in the previous year[26] - The company did not undergo an audit for the first quarter report[28]
致远新能(300985) - 2024 Q1 - 季度财报