NJEC(SH:600699)2024-04-25 11:28Financial Performance - The company's operating revenue for Q1 2024 was approximately ¥13.28 billion, representing a year-on-year increase of 0.42%[4] - Net profit attributable to shareholders was approximately ¥306.50 million, reflecting a significant year-on-year increase of 53.11%[4] - The net profit after deducting non-recurring gains and losses was approximately ¥311.32 million, showing a substantial increase of 134.18% compared to the previous year[4] - The gross profit margin for the automotive safety business improved by 3.8 percentage points to approximately 13.9%[9] - Operating profit for Q1 2024 was ¥516,775,498.49, significantly higher than ¥233,675,479.21 in Q1 2023, indicating an increase of 121.00%[18] - Net profit attributable to shareholders of the parent company was ¥306,501,980.99 in Q1 2024, compared to ¥200,186,408.63 in Q1 2023, reflecting a growth of 53.00%[19] - The company reported a comprehensive income total of ¥100,927,525.60 in Q1 2024, compared to ¥17,447,874.92 in Q1 2023, indicating a significant increase[19] - Basic earnings per share for Q1 2024 were ¥0.22, up from ¥0.15 in Q1 2023, reflecting a growth of 46.67%[19] Cash Flow and Financing - The net cash flow from operating activities was approximately ¥693.17 million, an increase of 9.22% year-on-year[4] - In Q1 2024, the company reported cash inflows from operating activities of approximately $15.73 billion, an increase of 6.6% compared to $14.76 billion in Q1 2023[21] - The net cash flow from operating activities was $693.17 million, up from $634.63 million in the same period last year, reflecting a growth of 9.2%[21] - Cash inflows from financing activities totaled approximately $6.38 billion, significantly higher than $1.04 billion in Q1 2023, indicating a substantial increase in financing activities[22] - The net cash flow from financing activities was $1.96 billion, a turnaround from a net outflow of $468.40 million in the previous year[22] - The company received approximately $4.66 billion in borrowings during the quarter, compared to $1.00 billion in the same period last year, indicating a significant increase in debt financing[22] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥58.73 billion, an increase of 3.24% from the end of the previous year[5] - As of March 31, 2024, the total assets amounted to CNY 58,728,113,946.98, an increase from CNY 56,886,848,139.45 as of December 31, 2023[16] - Total liabilities rose to ¥38,963,191,271.13 in Q1 2024 from ¥37,760,475,654.04 in Q1 2023, an increase of 3.19%[17] - The company's total equity increased to ¥19,764,922,675.85 in Q1 2024, up from ¥19,126,372,485.41 in Q1 2023, showing a growth of 3.33%[17] Operational Metrics - New orders acquired globally totaled approximately ¥29.8 billion, with ¥23.9 billion from the automotive safety business and ¥5.9 billion from the automotive electronics business[9] - New orders related to new energy vehicles amounted to approximately ¥22.9 billion, accounting for about 77% of the total new orders[9] - Research and development expenses increased to ¥604,875,761.66 in Q1 2024 from ¥578,124,161.39 in Q1 2023, marking a rise of 4.63%[18] Inventory and Receivables - Accounts receivable decreased to CNY 7,774,530,837.70 from CNY 8,032,060,897.42, indicating a decline of about 3.2%[16] - Inventory increased to CNY 9,599,828,985.94 from CNY 9,246,184,266.21, representing a growth of approximately 3.8%[16] Financial Position - The company's financial expenses decreased to ¥210,918,699.03 in Q1 2024 from ¥268,645,058.95 in Q1 2023, a reduction of 21.43%[18] - The total cost of sales decreased to ¥12,827,729,002.96 in Q1 2024 from ¥13,108,276,526.34 in Q1 2023, a decline of 2.14%[18] - The cash and cash equivalents increased to CNY 6,697,093,256.85 from CNY 5,176,307,912.36, reflecting a growth of approximately 29.3%[16] - The company's cash and cash equivalents at the end of Q1 2024 stood at approximately $5.89 billion, up from $3.16 billion at the end of Q1 2023, marking a 86.5% increase[22] Shareholder Information - The company has not reported any significant changes in the top 10 shareholders or their shareholding percentages[14]