Etron(SH:603380)2024-04-25 11:23Financial Performance - The company's operating revenue for Q1 2024 was CNY 451,313,806.78, representing an increase of 8.05% compared to the same period last year[5] - The net profit attributable to shareholders for Q1 2024 was CNY 31,128,501.46, reflecting a significant increase of 40.07% year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY 29,630,082.25, showing an increase of 807.11% compared to the previous year[6] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.19, marking a rise of 35.71% from the previous year[6] - Total operating revenue for Q1 2024 reached ¥451.31 million, an increase of 8.03% compared to ¥417.68 million in Q1 2023[17] - Net profit for Q1 2024 was ¥31.91 million, representing a 36.2% increase from ¥23.46 million in Q1 2023[18] Cash Flow and Assets - The net cash flow from operating activities was CNY 23,494,637.47, which is an increase of 20.30% year-on-year[6] - Cash flow from operating activities for Q1 2024 was ¥23.49 million, an increase from ¥19.53 million in Q1 2023[22] - The company's cash and cash equivalents stood at RMB 327,480,506.88, up from RMB 320,412,203.71, indicating a growth of about 2.33%[13][14] - Cash and cash equivalents at the end of Q1 2024 totaled ¥327.48 million, up from ¥144.17 million at the end of Q1 2023[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,808[10] - The largest shareholder, Qian Xindong, holds 37.02% of the shares, amounting to 59,560,680 shares[10] Equity and Liabilities - Shareholders' equity attributable to the parent company was CNY 1,384,520,246.39, reflecting a growth of 2.51% compared to the previous year[6] - The total liabilities decreased from RMB 942,502,830.74 to RMB 923,739,970.17, indicating a decline of about 1.98%[15] - Total current liabilities decreased to RMB 817,320,671.98 from RMB 831,016,576.46, representing a reduction of approximately 1.64%[15] - The company's total equity attributable to shareholders increased to RMB 1,384,520,246.39 from RMB 1,350,656,475.19, marking a growth of about 2.51%[16] Inventory and Receivables - Inventory levels rose to RMB 651,738,321.22 from RMB 586,825,983.41, reflecting an increase of approximately 11.05%[14] - Accounts receivable decreased to RMB 434,804,955.57 from RMB 458,426,240.96, showing a decline of about 5.15%[13] Expenses and Tax - Total operating costs for Q1 2024 were ¥413.23 million, up 5.13% from ¥393.06 million in Q1 2023[17] - Research and development expenses for Q1 2024 were ¥25.78 million, a decrease of 11.5% from ¥29.04 million in Q1 2023[17] - The company incurred tax expenses of ¥7.98 million in Q1 2024, compared to ¥5.22 million in Q1 2023[18] Other Financial Metrics - The weighted average return on equity increased to 2.28%, up by 0.52 percentage points compared to the end of the previous year[6] - The company reported a decrease in employee compensation payable from RMB 39,816,078.72 to RMB 30,589,068.57, a reduction of approximately 23.2%[15] - The company’s retained earnings increased to RMB 837,133,599.70 from RMB 806,005,098.24, reflecting a growth of approximately 3.87%[15] - The company’s non-current assets totaled RMB 828,505,741.80, slightly down from RMB 838,122,159.14, indicating a decrease of about 1.56%[14] - Other comprehensive income after tax for Q1 2024 was ¥2.74 million, up from ¥1.89 million in Q1 2023[19] - The company reported a net cash outflow from investing activities of ¥11.58 million in Q1 2024, an improvement from a net outflow of ¥50.24 million in Q1 2023[22] Accounting Changes - The company will implement new accounting standards starting in 2024, which may affect the financial statements from the beginning of the year[23]