Autel(SH:688208)2024-04-25 10:01Financial Performance - The company's operating revenue for Q1 2024 was CNY 863,227,597.54, representing a year-on-year increase of 22.22%[3] - The net profit attributable to shareholders for Q1 2024 was CNY 124,750,747.58, reflecting a significant increase of 73.34% compared to the same period last year[3] - Basic earnings per share for Q1 2024 were CNY 0.28, up by 86.67% from the previous year[3] - Total revenue for Q1 2024 reached ¥863,227,597.54, an increase of 22.2% compared to ¥706,281,737.50 in Q1 2023[34] - Net profit for Q1 2024 was ¥115,171,363.32, representing a 81.6% increase from ¥63,489,745.90 in Q1 2023[35] - The net profit attributable to the parent company shareholders for Q1 2024 was approximately ¥124.75 million, compared to ¥71.97 million in Q1 2023, representing a year-over-year increase of 73.2%[36] - The total comprehensive income attributable to the parent company owners for Q1 2024 was approximately ¥108.27 million, up from ¥71.04 million in Q1 2023, indicating a growth of 52.5%[36] Cash Flow - The net cash flow from operating activities reached CNY 205,805,351.58, which is an increase of 47.07% year-on-year[3] - Cash inflow from operating activities for Q1 2024 was approximately ¥1.01 billion, a significant increase from ¥772.44 million in Q1 2023, marking a growth of 30.5%[39] - Cash outflow from operating activities for Q1 2024 totaled approximately ¥801.66 million, compared to ¥632.51 million in Q1 2023, resulting in a net cash flow from operating activities of ¥205.81 million, up from ¥139.94 million[39] - The net increase in cash and cash equivalents was 12,375,598.63 RMB, contrasting with a decrease of -8,223,819.73 RMB in the previous period[52] - The total cash and cash equivalents at the end of the period amounted to 1,486,784,818.04 RMB, up from 1,474,409,219.41 RMB at the beginning of the period[52] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 5,972,644,394.23, representing a 7.10% increase from the end of the previous year[20] - Non-current assets totaled ¥1,874,318,424.51, slightly down from ¥1,874,704,307.66 in the previous period[32] - Total liabilities rose to ¥2,802,536,669.39, compared to ¥2,419,386,031.27, marking an increase of 15.8%[33] - The company's equity attributable to shareholders reached ¥3,267,057,942.89, up from ¥3,215,507,730.34, a growth of 1.6%[33] Research and Development - The company's R&D investment totaled CNY 151,525,988.70, accounting for 17.55% of operating revenue, a decrease of 1.12 percentage points year-on-year[20] - Research and development expenses increased to ¥142,318,177.98 in Q1 2024, compared to ¥124,917,908.57 in Q1 2023, reflecting a growth of 13.9%[35] Operational Efficiency - The company effectively controlled expenses during the quarter, contributing to the significant growth in net profit[24] - Operating costs for Q1 2024 were ¥721,932,861.26, up 16.9% from ¥616,969,094.06 in Q1 2023[35] Other Financial Metrics - The return on equity (ROE) increased by 1.67 percentage points to 3.89%[20] - The company's digital energy business generated revenue of CNY 160 million, a remarkable growth of 103.33% year-on-year[11] - The digital maintenance business, including automotive diagnostic products, TPMS, and ADAS, achieved revenue of CNY 688 million, marking an 11.61% increase compared to the same period last year[11] - The cash received from sales of goods and services in Q1 2024 was approximately ¥902.98 million, compared to ¥736.48 million in Q1 2023, showing an increase of 22.5%[39] - The cash received from tax refunds in Q1 2024 was approximately ¥70.79 million, significantly higher than ¥24.24 million in Q1 2023, indicating a growth of 192.5%[39] Non-Operating Income and Expenses - Non-operating income included government subsidies amounting to 3,546,397.32 RMB, contributing positively to the financial results[56] - The company reported a loss of -3,769,968.09 RMB from fair value changes of financial assets and liabilities, impacting overall profitability[56] - The company incurred a one-time expense related to discontinued operations, although specific amounts were not disclosed[57]