时代电气(688187) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 reached CNY 3,924,623,207, representing a year-on-year increase of 27.20%[4] - Net profit attributable to shareholders was CNY 567,547,208, up 30.44% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was CNY 460,999,116, reflecting a significant increase of 44.85% year-on-year[4] - The basic earnings per share for the quarter was CNY 0.40, an increase of 29.03%[5] - In Q1 2024, the company reported a net profit of CNY 577,497,281, an increase of 29.1% compared to CNY 447,445,309 in Q1 2023[20] - The company's operating profit reached CNY 616,035,912, up 31.6% from CNY 467,783,206 in the same period last year[20] - The company reported a total comprehensive income of CNY 592,674,740, an increase of 28.3% from CNY 461,958,859 in the previous year[21] Revenue Breakdown - The rail transit business generated RMB 2.120 billion, up 43.74% from RMB 1.475 billion year-on-year, with significant growth in rail engineering machinery by 468.37%[15] - The emerging equipment business reported revenue of RMB 1.769 billion, a 13.18% increase from RMB 1.563 billion, driven by power semiconductor devices growing by 22.44%[15] - The company’s revenue from rail transit electrical equipment was RMB 1.617 billion, reflecting a 28.95% increase year-on-year[15] - The company’s revenue from communication signal systems was RMB 143 million, a 42.00% increase compared to the previous year[15] - The company’s revenue from other rail transit equipment decreased by 4.51% to RMB 65 million[15] - The company’s revenue from other businesses fell by 24.86% to RMB 36 million[15] - Total operating revenue for Q1 2024 reached RMB 3,924,623,207, an increase of 27.2% compared to RMB 3,085,430,376 in Q1 2023[19] Costs and Expenses - Total operating costs for Q1 2024 were RMB 3,442,861,527, up 25.0% from RMB 2,753,153,062 in Q1 2023[19] - Research and development expenses totaled CNY 466,397,177, accounting for 11.88% of operating revenue, a decrease of 0.71 percentage points[5] - Research and development expenses increased to CNY 457,338,479, representing a rise of 23.2% from CNY 371,341,436 in Q1 2023[20] - The company's tax expenses for Q1 2024 were CNY 45,066,278, up from CNY 23,303,260 in Q1 2023, reflecting a growth of 93.5%[20] Cash Flow and Assets - The net cash flow from operating activities was negative CNY 482,272,409, indicating a cash outflow[5] - The company generated a net cash flow from operating activities of CNY -482,272,409, an improvement from CNY -1,272,174,259 in Q1 2023[23] - Cash and cash equivalents as of March 31, 2024, amounted to RMB 8,280,216,480, compared to RMB 7,903,177,340 at the end of 2023, reflecting a growth of 4.8%[16] - Cash and cash equivalents at the end of Q1 2024 amounted to CNY 7,134,783,664, up from CNY 6,014,183,114 at the end of Q1 2023[23] - Accounts receivable increased to RMB 10,707,530,139 as of March 31, 2024, from RMB 9,635,843,983 at the end of 2023, representing a rise of 11.1%[16] - Inventory as of March 31, 2024, was RMB 6,069,913,338, up 11.5% from RMB 5,442,956,796 at the end of 2023[16] - Total assets at the end of the reporting period were CNY 55,106,878,479, an increase of 3.19% from the end of the previous year[5] - Total assets increased to RMB 55,106,878,479 as of March 31, 2024, compared to RMB 53,404,847,387 at the end of 2023, marking a growth of 3.2%[18] - Total liabilities as of March 31, 2024, were RMB 16,871,994,328, an increase from RMB 15,688,316,505 at the end of 2023, reflecting a rise of 7.6%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,421[8] - The number of A-share shareholders reached 17,361, while H-share shareholders totaled 1,060 as of the report date[11] - The company’s major shareholder, CRRC Corporation Limited, indirectly holds 47.72% of the company's shares[11] - The top 10 shareholders participated in securities lending, with the highest lending volume from China Merchants Bank at 457,500 shares[11] Future Outlook - The company continues to invest in new technologies and market expansion, although specific figures are not provided in the report[19] - Future outlook remains positive with expectations of continued growth in revenue and market presence[19]