Willfar(SH:688100)2024-04-25 09:28Financial Performance - Total operating revenue for Q1 2024 reached ¥448,074,674.15, an increase of 5.92% compared to Q1 2023[12] - Net profit attributable to shareholders for Q1 2024 was ¥111,200,021.77, reflecting a growth of 21.96% year-over-year[12] - The company reported a basic earnings per share of ¥0.23 for Q1 2024, a 21.05% increase year-over-year[12] - The company reported a net profit of RMB 111,069,522.41 for Q1 2024, an increase of 21.7% compared to RMB 91,286,374.33 in Q1 2023[40] - Total operating profit for Q1 2024 was RMB 130,266,002.72, up from RMB 108,779,167.21 in the same period last year, reflecting a growth of 19.7%[40] - The total revenue from other income for Q1 2024 was RMB 35,849,415.40, compared to RMB 24,852,226.11 in Q1 2023, indicating a growth of 44.1%[41] - The company’s tax expenses for Q1 2024 were RMB 19,196,480.31, an increase from RMB 17,519,750.88 in Q1 2023, reflecting a rise of 9.6%[41] - The company’s financial income showed a significant increase, with interest income rising to RMB 9,973,296.08 from RMB 4,473,143.77, a growth of 123.5%[41] Cash Flow and Assets - Net cash flow from operating activities for Q1 2024 was ¥57,748,159.47, up by 50.88% compared to the same period last year[12] - Cash flow from operating activities increased by 50.88%, primarily due to a decrease in cash paid for goods purchased compared to the previous year[32] - Cash and cash equivalents at the end of the period decreased to ¥1,122,880,604.90 from ¥1,202,050,851.58, a decline of approximately 6.6%[51] - The company reported a net cash outflow from investing activities of ¥662,125,308.56, compared to an outflow of ¥452,325,193.10 in the previous period[51] - The net cash flow from financing activities was ¥76,892,860.00, a significant recovery from a net outflow of ¥23,039,700.35 in the prior period[51] Assets and Liabilities - Total current assets as of March 31, 2024, amounted to ¥3,934,001,813.00, an increase from ¥3,718,314,687.20 at the end of 2023[3] - Total assets increased to ¥4,476,526,180.47 as of March 31, 2024, compared to ¥4,257,559,449.71 at the end of 2023[4] - Total current liabilities rose to ¥1,579,297,059.49 from ¥1,264,943,051.54 at the end of 2023[4] - The total liabilities increased to ¥1,602,760,298.12 from ¥1,285,721,958.38, representing a growth of approximately 24.6% year-over-year[48] - The total equity attributable to shareholders decreased to ¥2,838,170,964.30 from ¥2,936,112,073.92, reflecting a decline of about 3.3%[48] - The total non-current liabilities rose to ¥23,463,238.63 from ¥20,778,906.84, an increase of about 8.1%[48] Research and Development - R&D personnel accounted for 50.4% of the total workforce, with 9 new patents granted during the reporting period, including 6 invention patents[20] - R&D investment totaled CNY 47.25 million, representing 10.54% of operating revenue, an increase of 0.32 percentage points year-on-year[31] - Research and development expenses increased to RMB 47,246,952.87 in Q1 2024, compared to RMB 43,245,548.78 in Q1 2023, marking an increase of 9.3%[41] Market and Strategic Initiatives - New contracts signed from the beginning of the year to the end of the reporting period totaled CNY 596 million, a year-on-year increase of 1.67%, with backlog contracts amounting to CNY 3.485 billion, up 32.05%[20] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[40] Shareholder Information - The top ten shareholders hold a combined 92.71% of the company's shares, indicating a concentrated ownership structure[40] - The company repurchased a total of 12,314,825 shares, representing 2.4630% of the total share capital, with an average repurchase price of RMB 24.28 per share[36]