YAPP(SH:603013)2024-04-26 07:38Financial Performance - Total operating revenue for Q1 2024 was ¥1,858,855,373.25, a decrease of 3.0% from ¥1,917,425,366.03 in Q1 2023[25] - Net profit for Q1 2024 increased slightly to ¥136,338,754.25 compared to ¥135,755,001.80 in Q1 2023, representing a growth of 0.4%[27] - The net profit attributable to shareholders of the listed company was CNY 127,958,758.03, an increase of 1.64% year-on-year[37] - Operating profit for Q1 2024 reached CNY 75,019,476.57, up from CNY 66,793,659.00 in the same period last year, reflecting a growth of 1.8%[57] - The total comprehensive income for Q1 2024 was CNY 62,874,929.89, compared to CNY 56,718,186.77 in Q1 2023, showing an increase of 10.8%[58] Cash Flow - Net cash flow from operating activities increased by 68.11% year-on-year, driven by higher cash receipts from sales of goods and services[15] - Cash flow from operating activities was ¥1,853,254,521.88 in Q1 2024, an increase from ¥1,751,822,761.86 in Q1 2023[29] - The net cash flow from operating activities was CNY 348,866,500.06, showing a significant increase of 68.11% compared to the previous year[37] - The company's net cash inflow from operating activities of CNY 198,225,172.52, compared to CNY 142,456,939.09 in Q1 2023, indicating a growth of 39.2%[70] Assets and Liabilities - Total assets as of the reporting date were ¥6,627,395,446.99, an increase from ¥6,426,242,838.79 in the previous period[21] - The company's total liabilities increased, with short-term borrowings at ¥55,033,911.50, slightly up from ¥54,811,425.91 in the previous period[21] - The total liabilities increased to CNY 2,330,081,735.81 from CNY 2,264,219,522.04, reflecting a growth of approximately 2.9%[46] - The total equity attributable to shareholders rose to CNY 4,140,724,880.62 from CNY 4,014,524,602.46, marking an increase of about 3.1%[47] Expenses - Research and development expenses increased by 42.13% year-on-year, attributed to new business development costs[15] - Research and development expenses rose to ¥69,947,512.99 in Q1 2024, up 42.2% from ¥49,215,058.09 in Q1 2023[25] - The company reported a financial expense of -¥11,856,546.40 in Q1 2024, compared to a financial income of ¥283,959.74 in Q1 2023[27] - The company's financial expenses showed a significant improvement, with a net financial income of CNY 2,797,118.39 in Q1 2024, compared to a loss of CNY 1,048,535.36 in Q1 2023[57] Shareholder Information - The top two shareholders hold a combined 79.01% of the company's shares, indicating strong ownership concentration[17] - The company has not engaged in any share lending activities for major shareholders or top ten shareholders[19] Inventory and Contract Liabilities - The company reported a significant decrease in inventory impairment losses by 58.18% compared to the same period last year[15] - Contract liabilities rose by 33.82% compared to the end of the previous year, mainly due to increased advance payments for tooling[15] - The company's contract liabilities rose to CNY 81,790,568.89 from CNY 61,120,831.59, representing an increase of about 34%[46] Future Outlook - The company plans to continue investing in new technologies and market expansion to drive future growth[57]