Financial Performance - The company's revenue for Q1 2024 reached ¥1,442,965,206.55, representing a 34.91% increase compared to ¥1,069,602,613.73 in the same period last year[5] - Net profit attributable to shareholders was ¥52,457,241.26, a significant increase of 232.56% from ¥15,773,600.06 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥38,144,642.31, up 206.42% from ¥12,448,664.81 in the previous year[5] - Basic earnings per share increased to ¥0.51, reflecting a 240.00% rise from ¥0.15 in the same quarter last year[5] - Total operating revenue for Q1 2024 reached ¥1,442,965,206.55, a significant increase of 35% compared to ¥1,069,602,613.73 in the same period last year[24] - Operating costs for the same period were ¥1,415,912,414.98, up from ¥1,061,080,096.27, reflecting a rise of approximately 33.4%[24] - Gross profit for Q1 2024 was ¥27,052,791.57, compared to ¥8,522,517.46 in Q1 2023, indicating a substantial improvement in profitability[25] - Net profit for Q1 2024 was ¥52,457,241.26, a significant increase from ¥15,773,600.06 in the previous year, representing a growth of over 233%[25] - The total comprehensive income for the first quarter of 2024 was CNY 52,457,241.26, compared to CNY 15,773,600.06 in the same period last year, representing a significant increase[26] - Basic earnings per share (EPS) for the first quarter was CNY 0.51, up from CNY 0.15 in the previous year, while diluted EPS was CNY 0.42 compared to CNY 0.15 last year[26] Assets and Liabilities - The company's total assets decreased by 1.57% to ¥10,753,011,608.50 compared to the end of the previous year[5] - Current assets totaled ¥6,232,160,477.88, down from ¥6,377,652,669.99, indicating a decrease of about 2.28%[22] - Short-term borrowings increased to ¥1,566,199,541.82 from ¥1,092,970,072.99, reflecting a rise of approximately 43.4%[23] - Inventory levels rose to ¥921,264,458.34 from ¥846,445,350.15, marking an increase of about 8.8%[22] - The company reported a significant increase in accounts receivable, which rose to ¥1,950,534,768.19 from ¥1,822,681,375.17, an increase of approximately 7%[22] Cash Flow - Cash flow from operating activities improved by 17.83%, with a net outflow of ¥200,388,702.57 compared to ¥243,871,488.93 in the previous year[5] - Cash inflow from operating activities totaled CNY 1,108,618,636.72, an increase from CNY 685,228,770.17 in the previous year[29] - The net cash flow from operating activities was negative CNY 200,388,702.57, an improvement from negative CNY 243,871,488.93 in the same period last year[29] - Cash inflow from investing activities was CNY 709,237,293.45, compared to CNY 296,614,601.40 in the previous year, indicating a strong increase[29] - The net cash flow from investing activities was CNY 108,476,637.14, a turnaround from negative CNY 160,148,174.53 in the previous year[29] - Cash inflow from financing activities was CNY 1,411,277,054.74, up from CNY 1,108,745,480.26 in the previous year[29] - The net cash flow from financing activities was CNY 101,476,750.65, down from CNY 414,850,667.03 in the previous year[29] - The ending balance of cash and cash equivalents was CNY 752,360,977.95, compared to CNY 431,749,218.75 at the end of the previous year[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 7,989[15] - The largest shareholder, Jiang Zhenlin, holds 32.32% of the shares, totaling 33,219,740 shares, with 15,239,500 shares pledged[15] - The second-largest shareholder, Hong Ruidi, owns 12.83% of the shares, amounting to 13,184,200 shares[15] - The total number of shares held by the top ten shareholders is significant, with the largest shareholder holding over 32%[15] - The company has a total of 2,178,425 shares held in the repurchase special account, accounting for 2.12% of the total shares[16] - The company plans to repurchase shares with a total fund of no less than RMB 60 million and not exceeding RMB 120 million, with a repurchase price not exceeding RMB 50 per share[19] - The total number of restricted shares at the end of the period is 40,624,815, with 16,578,185 shares released during the period[18] Strategic Initiatives - The company is in a strategic cooperation with Suzhou Technology City Management Committee to invest in the establishment of a new energy intelligent manufacturing headquarters project[19] - The company has completed the business registration change for its wholly-owned subsidiary, Changzhou Zhenyu Automotive Parts Co., Ltd.[19] - The company is proposing a downward adjustment of the conversion price for its convertible bonds[19] Other Financial Metrics - Financial expenses rose by 63.66% to ¥3,591.77 million due to increased borrowing and corresponding interest expenses[11] - Investment income increased by 142.58% to ¥146.23 million, attributed to higher returns from investment products[11] - Research and development expenses decreased to ¥52,755,564.45 from ¥60,954,459.17, a reduction of about 13.4%[25] - The first quarter report was not audited, indicating that the figures are preliminary and subject to change[30]
震裕科技(300953) - 2024 Q1 - 季度财报