威孚高科(000581) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥2,903,412,685.96, a decrease of 7.66% compared to ¥3,144,363,323.69 in the same period last year[15] - Net profit attributable to shareholders for Q1 2024 was ¥549,126,314.07, representing a growth of 32.39% from ¥414,774,676.43 in the previous year[15] - The total profit for the period increased by ¥140,972,900.00, mainly due to an increase in operating profit and investment income[33] - The company's revenue from sales of goods and services was ¥3,229,760,473.89, down from ¥3,622,826,209.55 in the previous period[30] - Net profit for the quarter reached CNY 575,675,897.21, an increase of 35.38% compared to CNY 425,354,196.72 in the same period last year[44] - Basic and diluted earnings per share both increased to 0.56 from 0.43, representing a rise of approximately 30%[45] Cash Flow and Investments - The net cash flow from operating activities for Q1 2024 was ¥548,772,219.33, a significant increase of 54.35% compared to ¥355,542,161.23 in the same period last year[15] - The cash flow from investing activities decreased by ¥254,721,200, primarily due to reduced dividends from joint ventures compared to the previous year[19] - The net cash flow from investing activities was negative at approximately -511.57 million, compared to -256.85 million in the previous period, indicating a decline in cash flow from investments[48] - The company reported a significant decrease in cash received from investment income, dropping to approximately 27.22 million from 170.73 million, a decline of about 84%[48] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥28,201,668,356.04, reflecting a slight increase of 0.43% from ¥28,081,087,791.81 at the end of the previous year[15] - The total non-current assets amounted to ¥14,435,417,565.27, slightly up from ¥14,360,234,053.19[25] - Total liabilities decreased to CNY 7,470,808,412.88 from CNY 7,902,865,030.77, a reduction of 5.45%[42] - The company reported a decrease in short-term borrowings by ¥331,629,000, mainly due to repayments during the reporting period[18] Shareholder Equity - The equity attributable to shareholders increased by 2.71% to ¥19,925,895,232.13 from ¥19,399,892,671.78 at the end of the previous year[15] - The total equity attributable to shareholders of the parent company increased to CNY 19,925,895,232.13 from CNY 19,399,892,671.78, reflecting a growth of 2.71%[42] - The number of ordinary shareholders at the end of the reporting period was 64,523[35] Expenses - Sales expenses increased by ¥17,081,800, representing a growth of 41.95% due to higher quality-related costs[6] - Total operating costs amounted to CNY 2,757,168,110.53, down 11.24% from CNY 3,106,147,105.55 in the prior period[42] - Research and development expenses totaled CNY 146,015,184.94, a decrease of 20.56% from CNY 183,693,639.36 in the previous period[44] - The company reported a decrease in sales expenses to CNY 57,801,669.91 from CNY 40,719,852.74, indicating a rise of 41.87%[44] Other Income and Comprehensive Income - Other income surged by ¥58,573,700, marking a 333.37% increase primarily due to VAT policy benefits[6] - Other comprehensive income after tax was CNY -24,707,412.48, compared to CNY 8,999,054.19 in the previous period[44] - The total comprehensive income attributable to the parent company's owners was approximately 524.42 million, up from 423.77 million, reflecting a growth of about 24%[45] - The total comprehensive income for minority shareholders was approximately 26.55 million, up from 10.58 million, reflecting an increase of about 151%[45] Foreign Exchange and Market Impact - The company experienced a foreign exchange loss of approximately -24.71 million, impacting overall financial results[45] - The company experienced a decline in the price of precious metal raw materials used in post-processing system products, impacting revenue[38]