Maxwell(SZ:300751)2024-04-24 10:48Financial Performance - The company's revenue for Q1 2024 reached ¥2,218,244,410.32, representing a 91.80% increase compared to ¥1,156,563,397.92 in the same period last year[3] - Net profit attributable to shareholders was ¥260,127,571.88, up 17.79% from ¥220,832,821.52 year-on-year[3] - Basic and diluted earnings per share increased to ¥0.93, a rise of 17.72% from ¥0.79 in the same quarter last year[3] - The company reported a net profit of CNY 240,514,282.92 for Q1 2024, compared to CNY 204,696,872.85 in Q1 2023, reflecting a growth of 17.4%[16] - The company’s total comprehensive income for Q1 2024 was CNY 240,514,282.92, compared to CNY 204,696,872.85 in the same quarter last year[16] Cash Flow - The net cash flow from operating activities decreased by 97.64%, dropping to ¥6,859,611.28 from ¥290,317,184.86 in the previous year[3] - The cash inflow from operating activities amounted to CNY 2,183,152,096.96, a significant increase of 51.7% compared to CNY 1,437,946,001.73 in the previous period[17] - The net cash outflow from operating activities was CNY 6,859,611.28, a decrease of 97.6% from CNY 290,317,184.86 in the previous period[18] - The cash inflow from investment activities totaled CNY 946,132,708.05, down 6.5% from CNY 1,012,216,594.54 in the previous period[18] - The net cash flow from financing activities was CNY 631,370,384.36, an increase of 55.7% compared to CNY 405,543,974.97 in the previous period[18] - The net increase in cash and cash equivalents for the period was CNY 1,198,527,226.53, compared to CNY 844,282,713.49 in the previous period[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥23,816,237,182.91, reflecting a 2.58% increase from ¥23,216,628,175.00 at the end of the previous year[3] - The total liabilities increased to ¥15.83 billion from ¥15.25 billion, reflecting a growth of about 3.80%[13] - The total liabilities as of Q1 2024 were CNY 16,513,239,709.07, up from CNY 16,159,554,836.86 in the previous year[14] - The company’s long-term borrowings increased to CNY 853,900,442.76 from CNY 811,024,059.15 year-over-year[14] Shareholder Information - The top ten shareholders collectively hold 39.24% of the company's shares, with the largest shareholder, Zhou Jian, owning 22.14%[7] - The company reported a decrease in employee compensation liabilities from ¥237.13 million to ¥96.64 million, a reduction of approximately 59.25%[13] - The number of restricted shares decreased by 2.5 million during the period, with a total of 86.05 million restricted shares remaining[11] Operational Insights - The significant increase in revenue was primarily driven by the sales growth of solar cell production equipment[6] - The company reported a substantial increase in procurement costs due to higher business volume, impacting cash flow negatively[6] - Research and development expenses for Q1 2024 amounted to CNY 205,978,974.56, an increase of 82.0% from CNY 113,187,118.96 in Q1 2023[15] - Operating costs for Q1 2024 were CNY 1,993,404,440.72, up 98.5% from CNY 1,003,697,135.54 in the same period last year[15] Miscellaneous - The company plans to continue expanding its market presence and investing in new technologies, although specific figures were not disclosed[11] - The total cash and cash equivalents at the end of the period reached CNY 4,282,713,860.64, up from CNY 4,233,159,303.59 in the previous period[18] - The company did not undergo an audit for the first quarter report[19]