海能实业(300787) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 407,672,053.60, representing a 7.58% increase compared to CNY 378,935,421.88 in the same period last year[5]. - Net profit attributable to shareholders increased by 25.14% to CNY 8,197,905.63 from CNY 6,551,213.07 year-on-year[5]. - The net profit after deducting non-recurring gains and losses surged by 114.21% to CNY 6,665,398.12, compared to CNY 3,111,643.56 in the previous year[5]. - In Q1 2024, the company achieved revenue of RMB 408 million and a net profit of RMB 8.1979 million, resulting in a net profit margin of 2.01%[20]. - The gross profit margin increased by 5.28 percentage points compared to the same period last year, indicating stable product profitability[20]. - Net profit for Q1 2024 was ¥7,638,335.50, up 16.7% from ¥6,551,213.07 in the same period last year[26]. - Basic and diluted earnings per share increased to ¥0.0357 from ¥0.0297, reflecting a growth of 20.2%[27]. Cash Flow and Liquidity - The company's cash flow from operating activities turned negative at CNY -83,367,668.74, a decrease of 237.34% from CNY 60,699,619.52 in the same period last year[5][13]. - The net cash flow from operating activities was -$83.37 million, a significant decrease from $60.70 million in the previous period, indicating a decline in operational efficiency[28]. - Cash inflow from operating activities totaled $481.16 million, down from $497.39 million year-over-year, reflecting a decrease of approximately 3.5%[28]. - Cash outflow from operating activities increased to $564.53 million, compared to $436.69 million in the prior period, marking an increase of about 29.3%[28]. - The ending cash and cash equivalents balance was $731.06 million, down from $781.46 million in the previous period, representing a decrease of approximately 6.4%[29]. - The company reported a cash flow impact from foreign exchange fluctuations of -$2.27 million, an improvement from -$5.31 million in the previous period[29]. Assets and Liabilities - Total assets increased by 3.30% to CNY 3,372,419,429.95 from CNY 3,264,648,731.89 at the end of the previous year[5]. - Total liabilities increased to ¥1,720,911,264.50, up from ¥1,544,586,447.96, representing an increase of 11.4%[24]. - Non-current assets totaled ¥1,608,159,733.61, an increase from ¥1,515,816,715.84, indicating a growth of 6.1%[24]. - The company’s total current assets at the end of the reporting period were RMB 1.76 billion, slightly up from RMB 1.75 billion at the beginning of the period[22]. Expenses - Research and development expenses increased by 30.33% to CNY 49,424,370.29, reflecting the company's commitment to enhancing its capabilities in new energy[11]. - Sales expenses rose by 46.23% to CNY 24,558,110.11, attributed to an expanded workforce and increased business development efforts[11]. - R&D expenses reached RMB 49.4244 million, up 30.33% year-on-year, representing 12.12% of the current revenue, primarily due to increased investment in home energy storage product development[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 12,589[15]. - The largest shareholder, Zhou Hongliang, holds 51.54% of the shares, with 113.4 million shares pledged[15]. - The company has a total of 85.05 million restricted shares held by the largest shareholder, Zhou Hongliang, which are locked during the tenure of the executive[18]. Inventory and Prepayments - The company reported a significant increase in inventory, which rose by 32.26% to CNY 305,901,460.55, due to increased material procurement in March[9]. - The company has seen a substantial increase in prepayments, which rose by 67.60% to CNY 19,832,067.17, primarily for market expansion and new energy material payments[9]. - Inventory increased to RMB 305.90 million from RMB 231.29 million at the beginning of the period, indicating a rise in stock levels[22]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[27].