晶盛机电(300316) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥4,509,536,327.64, representing a 25.28% increase compared to ¥3,599,637,395.06 in the same period last year[5] - Net profit attributable to shareholders was ¥1,069,677,533.41, up 20.65% from ¥886,566,012.09 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥1,101,831,255.42, reflecting a 26.00% increase from ¥874,476,062.95 in the previous year[5] - Operating profit for the quarter was ¥1,511,997,993.16, reflecting a growth of 33.4% compared to ¥1,133,087,584.59 in Q1 2023[22] - Basic and diluted earnings per share increased to ¥0.82 from ¥0.68 year-over-year[22] Cash Flow - The net cash flow from operating activities decreased by 71.73% to ¥121,934,525.91, down from ¥431,267,289.32 in Q1 2023[10] - Cash flow from operating activities was ¥2,365,927,768.67, a decrease from ¥2,520,317,960.92 in the previous year[24] - Total cash inflow from operating activities was ¥2,563,001,438.58, while total cash outflow was ¥2,441,066,912.67, resulting in a net increase of ¥121,934,525.91[25] - Cash flow from investing activities showed a net outflow of ¥679,564,444.30, compared to a net outflow of ¥622,027,512.97 in the previous year[25] - Cash flow from financing activities resulted in a net inflow of ¥33,146,812.37, contrasting with a net outflow of ¥8,340,652.25 in the same quarter last year[25] - The cash flow from operating activities was impacted by increased payments for taxes and employee compensation, leading to a tighter cash position[25] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥36,715,714,251.82, a slight decrease of 0.25% from ¥36,808,359,204.06 at the end of the previous year[5] - Total liabilities decreased to ¥19,188,316,301.31 from ¥20,656,503,010.28, indicating a reduction of 7.1%[19] - The company reported a total current asset of RMB 26,743,345,630.79, a decrease of 1.28% from RMB 27,089,954,510.27 at the beginning of the period[17] - The company’s long-term equity investments slightly decreased to RMB 1,179,652,122.48 from RMB 1,186,120,570.30, a reduction of 0.55%[17] - Non-current assets totaled ¥9,972,368,621.03, up from ¥9,718,404,693.79, showing a growth of 2.6%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 56,232, with the largest shareholder holding 47.39% of the shares[11] - Shareholders' equity attributable to the parent company increased by 7.07% to ¥16,021,620,207.59 from ¥14,963,146,218.89 at the end of last year[5] Expenses - The company reported a significant increase in sales expenses by 49.72% to ¥21,380,416.13 due to an increase in the number of sales personnel[10] - Research and development expenses were ¥295,920,403.83, slightly up from ¥291,288,269.31 in Q1 2023, indicating continued investment in innovation[21] - The company paid ¥480,222,791.44 to employees in Q1 2024, an increase of 31.5% compared to ¥365,250,133.19 in Q1 2023[25] - Tax payments amounted to ¥598,164,699.76 in Q1 2024, up from ¥353,074,719.75 in the same period last year, reflecting a 69.5% increase[25] Investment Activities - Investment income turned negative at -¥11,434,718.73, a decline of 594.58% compared to a profit of ¥2,311,997.77 in the previous year[10] - The company received ¥46,000,000.00 from investment activities in Q1 2024, a significant increase from ¥766,666.66 in Q1 2023[25] - The company reported cash inflow from investment activities of ¥1,065,668.34, a decrease from ¥13,023,963.83 in Q1 2023[25] Future Plans - The company plans to spin off its subsidiary, Zhejiang Meijing New Materials Co., Ltd., for a potential listing on the Shenzhen Stock Exchange, pending regulatory approvals[16]