浙江鼎力(603338) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,451,856,439.94, representing an increase of 11.53% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was CNY 302,213,574.31, a decrease of 5.40% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 377,183,312.99, an increase of 22.37% year-on-year[4] - The basic earnings per share for the period was CNY 0.60, a decrease of 4.76% year-on-year[4] - The weighted average return on equity was 3.33%, a decrease of 1.09 percentage points compared to the previous year[5] - The company reported a total comprehensive income of CNY 238,287,027.99 for Q1 2024, down from CNY 318,711,552.20 in Q1 2023, representing a decline of 25.2%[22] - Basic and diluted earnings per share for Q1 2024 are both CNY 0.60, compared to CNY 0.63 in Q1 2023, reflecting a decrease of 4.8%[22] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 50.72% to CNY 117,600,536.48, primarily due to increased payments for employee compensation and other cash related to operating activities[7] - Cash flow from operating activities netted CNY 117,600,536.48 in Q1 2024, a significant decrease of 50.8% from CNY 238,622,704.69 in Q1 2023[24] - Cash and cash equivalents decreased to ¥3,948,034,758.62 from ¥4,396,602,661.50, a decline of 10.2%[14] - The net cash flow from financing activities was -$252.53 million, a decrease from $76.57 million in the previous year[25] - The cash and cash equivalents net increase was -$448.57 million, contrasting with an increase of $332.38 million in the previous year[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 14,485,640,233.68, an increase of 1.96% from the end of the previous year[5] - Total assets as of March 31, 2024, amounted to ¥14,485,640,233.68, up from ¥14,207,301,141.89, a growth of 1.96%[18] - Total liabilities increased to ¥5,311,185,331.69 from ¥5,242,067,251.24, reflecting a rise of 1.32%[18] - Shareholders' equity rose to ¥9,174,454,901.99, compared to ¥8,965,233,890.65, an increase of 2.33%[18] Operating Costs and Expenses - Total operating costs for Q1 2024 were ¥982,449,284.24, up from ¥942,320,771.30 in Q1 2023, reflecting a growth of 4.5%[19] - Research and development expenses increased to CNY 50,632,612.53 in Q1 2024, up 25.5% from CNY 40,368,028.45 in Q1 2023[21] - Financial expenses showed a significant improvement, with a net income of CNY -17,560,867.44 in Q1 2024 compared to CNY 7,113,073.19 in Q1 2023[21] Market Outlook and Strategy - The company plans to focus on market expansion and new product development in the upcoming quarters to sustain growth momentum[19] - The company reported a net profit margin improvement, with net profit for Q1 2024 expected to show positive trends based on revenue growth[19] Non-Recurring Items - The total non-recurring gains and losses amounted to CNY -74,969,738.68, significantly impacting the overall financial performance[6] - The company received government subsidies amounting to CNY 12,986,116.64 during the reporting period[6] Other Financial Metrics - The company recorded a foreign exchange loss of CNY -817,849.25 in Q1 2024, contrasting with a gain of CNY 233,164.86 in Q1 2023[22] - Investment activities resulted in a net cash outflow of CNY -328,439,781.27 in Q1 2024, compared to a net inflow of CNY 29,224,230.65 in Q1 2023[24] - The cash outflow from financing activities totaled $326.53 million, up from $300.40 million year-over-year[25] - The impact of exchange rate changes on cash and cash equivalents was $14.80 million, compared to a negative impact of $12.03 million in the previous year[25]