PRCO(SZ:002225)2024-04-24 08:27Financial Performance - The company's revenue for Q1 2024 was CNY 1,298,571,081.04, representing a 6.59% increase compared to CNY 1,218,243,801.22 in the same period last year[5] - Net profit attributable to shareholders increased by 48.66% to CNY 65,256,262.98 from CNY 43,897,628.26 year-on-year[5] - Total profit increased by 59.58% year-on-year, driven by growth in both domestic and overseas business[9] - Operating profit for Q1 2024 was ¥72,841,112.10, up 60% from ¥45,577,097.63 in the same period last year[20] - Net profit attributable to the parent company was ¥65,256,262.98, representing a 48.5% increase from ¥43,897,628.26 in Q1 2023[21] - Basic and diluted earnings per share for Q1 2024 were both ¥0.06, compared to ¥0.04 in Q1 2023, reflecting a 50% increase[21] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 109.83%, resulting in a negative cash flow of CNY -8,152,527.02 compared to a positive CNY 82,955,166.20 in the previous year[5] - The cash and cash equivalents net increase decreased by 241.12%, reflecting reduced cash flow from operating and financing activities[11] - The cash and cash equivalents decreased to CNY 255,160,018.45 from CNY 619,581,079.64, indicating a significant reduction in liquidity[17] - Total cash inflow from operating activities is 980,437,383.84 yuan, compared to 879,224,084.29 yuan in the previous period, reflecting an increase of approximately 11.5%[24] - Cash outflow from operating activities amounts to 988,589,910.86 yuan, up from 796,268,918.09 yuan, representing an increase of about 24.2%[24] - The ending balance of cash and cash equivalents is 198,123,632.22 yuan, down from 426,159,667.27 yuan in the previous period, showing a reduction of approximately 53.5%[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 8,061,537,546.21, a decrease of 1.93% from CNY 8,219,861,987.89 at the end of the previous year[5] - Total liabilities decreased to ¥4,503,856,851.30, down 3.67% from ¥4,675,320,712.07 in the previous year[19] - As of March 31, 2024, the company's total current assets amounted to CNY 5,122,298,119.12, a decrease from CNY 5,301,573,876.74 at the beginning of the period[17] - The total non-current assets stood at CNY 2,195,000,000.00, with fixed assets valued at CNY 1,391,337,075.09[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 38,383, with the top two shareholders holding a combined 23.26% of the shares[13] - The company reported a total of 10 major shareholders, with the largest shareholder holding 8.41% of the shares[14] - The company repurchased a total of 16,356,700 shares, representing 1.62% of the total share capital, with a total expenditure of CNY 49,446,364.05[15] - The maximum purchase price during the buyback was CNY 3.43 per share, while the minimum was CNY 2.69 per share[15] - The company plans to use between CNY 50 million and CNY 100 million for share repurchase to implement an equity incentive plan[15] Research and Development - Research and development expenses increased by 34.66% compared to the same period last year, indicating a focus on innovation and product development[8] - Research and development expenses increased to ¥48,325,313.71, a rise of 34.6% compared to ¥35,886,989.05 in Q1 2023[20] Tax and Employee Compensation - The company incurred tax payments of 30,148,288.12 yuan, a decrease from 62,005,892.23 yuan, indicating a reduction of approximately 51.4% in tax expenses[24] - The company paid 226,412,802.22 yuan to employees, an increase from 196,485,763.63 yuan, reflecting a rise of about 15.2% in employee compensation[24]