兴瑞科技(002937) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 499,540,195.82, representing a 4.06% increase compared to CNY 480,035,850.37 in the same period last year[6] - Net profit attributable to shareholders was CNY 72,583,841.99, a significant increase of 40.13% from CNY 51,795,967.74 year-on-year[6] - Basic earnings per share rose to CNY 0.24, up 41.18% from CNY 0.17 in the same quarter last year[6] - The net profit for Q1 2024 was CNY 72,416,105.47, representing an increase of 40.2% compared to CNY 51,624,126.52 in Q1 2023[28] - The operating profit for Q1 2024 was CNY 82,367,521.35, up 38.3% from CNY 59,519,031.40 in Q1 2023[28] - The total comprehensive income for Q1 2024 was CNY 71,001,810.88, compared to CNY 49,822,627.47 in Q1 2023, marking a growth of 42.6%[28] Cash Flow - The net cash flow from operating activities surged by 705.42% to CNY 8,505,002.25, compared to CNY 1,055,965.89 in the previous year[6] - The cash flow from operating activities showed a net increase of CNY 8,505,002.25, compared to CNY 1,055,965.89 in Q1 2023[31] - The company reported a cash flow from investment activities of CNY 11,648,721.87, a significant recovery from a negative cash flow of CNY 47,814,424.09 in the previous year[31] - The net cash flow from investing activities increased by 59,463,145.96 RMB, a change of -124.36% year-on-year, primarily due to the recovery of bank structured deposits exceeding the amount purchased[16] - The net cash flow from financing activities decreased by 103,996,427.91 RMB, a decline of 214.77% year-on-year, mainly due to the distribution of dividends and increased stock repurchase expenses[16] Assets and Liabilities - Total assets decreased by 3.84% to CNY 2,431,991,452.10 from CNY 2,528,985,787.40 at the end of the previous year[6] - Current assets totaled ¥1,418,879,366.14, a decrease of 7.5% from ¥1,534,763,178.46[23] - Total liabilities decreased to ¥867,876,624.76 from ¥998,482,096.05, a reduction of 13.1%[24] - Cash and cash equivalents were ¥607,805,391.78, down from ¥641,344,043.33, a decline of 5.2%[23] - The company reported a significant decrease in accounts payable, which fell to ¥267,722,166.63 from ¥321,841,484.77, a decline of 16.8%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,148[18] - The largest shareholder, Ningbo Zheqi Investment Management Co., Ltd., holds 24.27% of the shares, totaling 72,259,670 shares, with 34,330,000 shares pledged[19] - The second-largest shareholder, Ningbo Hezhih Investment Management Partnership, holds 13.72% of the shares, totaling 40,848,000 shares, with 13,000,000 shares pledged[19] Expenses - Management expenses increased by 36.78% to CNY 32,121,841.61, primarily due to rising labor costs[11] - Financial expenses decreased by 176.70% to -CNY 8,765,786.40, attributed to increased interest income and exchange gains[11] - Research and development expenses increased to ¥21,428,979.97, up 28.5% from ¥16,659,864.60 in the previous year[26] Inventory and Receivables - The company reported a 101.99% increase in receivables financing to CNY 28,333,424.86, compared to CNY 14,026,925.16 at the beginning of the period[13] - The company’s inventory shares increased significantly by 303.83% to CNY 51,710,165.44 from CNY 12,804,985.18[13] Future Plans - The company plans to advance the production of its new energy vehicle parts industrial base project in Cixi, Zhejiang Province, which passed comprehensive acceptance at the end of March 2024[21] - The company plans to implement new accounting standards starting January 1, 2024, which will not significantly impact its financial position or results[33][34] Audit Status - The company did not conduct an audit for the Q1 report, indicating it remains unaudited[35]