CAIP(SH:603035)2024-04-26 07:51Financial Performance - The company's operating revenue for Q1 2024 reached ¥1,059,003,670.83, representing a year-on-year increase of 25.34%[3] - The net profit attributable to shareholders was ¥104,394,220.90, reflecting a growth of 13.44% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 39.98% to ¥107,627,992.63[3] - Basic and diluted earnings per share were both ¥0.27, marking a 12.50% increase[3] - Total revenue for Q1 2024 reached ¥1,059,003,670.83, an increase of 25.4% compared to ¥844,899,369.28 in Q1 2023[15] - Net profit for Q1 2024 was ¥102,593,308.70, representing a 12.3% increase from ¥91,524,927.00 in Q1 2023[16] - Earnings per share for Q1 2024 were ¥0.27, compared to ¥0.24 in Q1 2023[17] - Total comprehensive income for Q1 2024 was CNY 33,224,900.81, compared to CNY 30,337,229.42 in Q1 2023[26] Cash Flow and Liquidity - The net cash flow from operating activities surged by 81.22% to ¥28,962,795.80[3] - Cash flow from operating activities was ¥612,259,362.87, down from ¥772,657,491.36 in Q1 2023[18] - The net cash flow from operating activities for Q1 2024 was CNY 28,962,795.80, an increase from CNY 15,982,479.39 in Q1 2023, reflecting a growth of approximately 81.8%[19] - Total cash inflow from investment activities was CNY 1,157,839.17, while cash outflow was CNY 113,956,775.78, resulting in a net cash flow of -CNY 112,798,936.61, compared to -CNY 314,421,995.82 in Q1 2023[20] - The net cash flow from financing activities was -CNY 37,977,168.47, a slight improvement from -CNY 40,267,027.17 in the same period last year[20] - Cash and cash equivalents at the end of Q1 2024 were CNY 277,127,635.15, down from CNY 399,395,234.30 at the beginning of the quarter[20] - Cash flow from operating activities showed a net outflow of CNY -126,996,965.55, an improvement from CNY -246,783,290.41 in Q1 2023[29] - Cash and cash equivalents at the end of Q1 2024 were CNY 132,311,169.98, compared to CNY 91,264,899.50 at the end of Q1 2023[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,125,628,286.74, a slight decrease of 0.03% from the previous year-end[3] - The total current assets decreased from ¥4,105,532,948.39 to ¥3,995,122,413.64, a decline of approximately 2.7%[12] - Total liabilities decreased to ¥4,988,182,849.62 from ¥5,088,789,567.87 in the previous quarter[14] - The total assets as of March 31, 2024, amounted to CNY 5,478,083,521.71, a decrease from CNY 5,597,879,593.39 at the end of 2023[21] - The total liabilities decreased to CNY 1,787,283,451.36 from CNY 1,940,450,042.51, indicating a reduction of approximately 7.9%[23] - The total equity increased to CNY 3,690,800,070.35 from CNY 3,657,429,550.88, reflecting a growth of about 0.9%[23] Research and Development - The company reported a significant increase in R&D expenses by 45.47%, driven by the hiring of additional personnel and increased costs for new technology development[6] - Research and development expenses for Q1 2024 were ¥52,115,070.54, up from ¥35,825,842.76 in Q1 2023[16] - Research and development expenses rose to CNY 3,193,703.60, an increase of 57% compared to CNY 2,033,477.98 in Q1 2023[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 26,421[8] - The largest shareholder, Luo Xiaochun, holds 108,793,719 shares, accounting for 28.63% of total shares[8] - The company has no significant changes in the top 10 shareholders or their shareholding status[9] Operational Insights - The increase in operating costs by 32.34% was attributed to stable growth in customer orders and the production ramp-up of new factories[6] - There are no new strategies or significant operational changes reported for the quarter[10] - The company has not disclosed any new product developments or technological advancements during this reporting period[10]