BOSUN(SZ:002282)2024-04-24 07:54Financial Performance - The company's revenue for Q1 2024 was CNY 368,448,615.48, representing a 31.25% increase compared to CNY 280,728,628.49 in the same period last year[5] - Net profit attributable to shareholders reached CNY 58,063,110.17, a significant increase of 129.52% from CNY 25,298,056.47 year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY 48,621,942.36, up 112.53% from CNY 22,877,363.25 in the previous year[5] - The company's basic and diluted earnings per share were both CNY 0.11, reflecting a 120.00% increase from CNY 0.05 in the same quarter last year[5] - Operating profit for Q1 2024 was ¥67,785,908.76, representing a significant increase of 132.3% from ¥29,166,186.19 in the previous year[22] - Net profit margin improved to 18.4% in Q1 2024, compared to 10.4% in Q1 2023[22] - The total comprehensive income for the first quarter was CNY 43,408,382.32, compared to CNY 22,376,766.69 in the same period last year, reflecting a 94.3% increase[24] Cash Flow and Investments - The net cash flow from operating activities improved to -CNY 12,915,254.91, a 50.44% reduction in losses compared to -CNY 26,060,200.42 in the previous year[5] - Cash inflow from operating activities totaled CNY 289,817,486.81, compared to CNY 222,705,086.62 in the previous year, marking a 30.1% increase[27] - The cash flow from investing activities showed a net outflow of CNY 97,820,431.75, worsening from a net outflow of CNY 12,179,462.90 in the previous year[28] - The company received CNY 300,000,000.00 from investment recoveries, a significant increase from CNY 79,000,000.00 in the previous year[27] - The company reported a significant increase in investment income to CNY 7,447,359.97, up 7588.24% from CNY 96,866.92 due to the sale of a subsidiary[9] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,860,025,727.02, a decrease of 1.45% from CNY 3,917,005,376.54 at the end of the previous year[5] - Total liabilities decreased to ¥377,828,441.08 from ¥444,137,077.22, a decline of 14.9%[21] - Cash and cash equivalents decreased by 45.73% to -CNY 107,139,946.46, influenced by increased investment expenditures and cash outflows from subsidiary equity sales[10] - The total cash and cash equivalents at the end of the period stood at CNY 555,930,713.63, down from CNY 563,591,986.90 at the end of the previous year[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 24,214[12] - The largest shareholder, Shandong Tietou Private Fund Management Co., holds 29.78% of shares, totaling 161,986,091 shares[12] - The top ten shareholders include several individuals with significant stakes, such as Chen Huairong with 5.35% and Wen Shang County Haiwei Import and Export Co., Ltd. with 5.20%[12] - The company has not reported any changes in the participation of major shareholders in margin trading[13] Commitments and Future Plans - The cumulative profit commitment for Haiwei Locomotive is set at RMB 280.70 million, with annual targets for 2019 to 2023[15] - Actual net profits for Haiwei Locomotive from 2019 to 2023 were RMB 60.96 million, RMB 53.57 million, RMB 33.20 million, and RMB 69.65 million, respectively, totaling RMB 217.39 million, which is 77.44% of the commitment[16] - The company plans to implement a share repurchase and cancellation scheme due to unmet profit commitments[17] - The company held a board meeting on March 15, 2024, to discuss the performance commitment completion and related compensation[17] Miscellaneous - The company disposed of a subsidiary, which significantly impacted various financial metrics, including a 100% decrease in held-for-sale assets and liabilities[9] - The company has completed the acquisition of 100% of Haiwei Locomotive's shares, which was finalized in August 2020[14] - Research and development expenses for Q1 2024 were ¥12,153,253.83, down 14% from ¥14,123,865.66 in Q1 2023[22] - The first quarter report for 2024 was released on March 31, 2024[19]