合康新能(300048) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥698,842,872.66, representing a 110.71% increase compared to ¥331,668,674.80 in the same period last year[5] - Net profit attributable to shareholders was ¥11,031,215.13, a significant increase of 1,566.40% from ¥661,978.33 in the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥8,730,894.53, compared to a loss of ¥179,347.17 in the same period last year, marking a 4,968.15% improvement[5] - Basic earnings per share increased to ¥0.0099 from ¥0.0006, reflecting a growth of 1,550.00%[5] - Operating profit for Q1 2024 was ¥16.66 million, up from ¥2.45 million in the same period last year, reflecting a growth of 579.5%[20] - Net profit attributable to the parent company was ¥11.03 million in Q1 2024, compared to ¥661,978.33 in Q1 2023, marking an increase of 1,667.5%[20] Cash Flow - The net cash flow from operating activities was ¥42,956,053.08, a turnaround from a negative cash flow of ¥3,538,529.87, representing a 1,313.95% increase[5] - The net cash flow from operating activities turned positive, amounting to CNY 42.96 million, compared to a negative cash flow in the previous year[13] - Cash inflows from operating activities totaled CNY 546,152,602.40, compared to CNY 270,042,462.43 in the prior period, reflecting a growth of approximately 102.3%[22] - Cash outflows from operating activities increased to CNY 503,196,549.32 from CNY 273,580,992.30, representing a rise of about 83.8%[22] - The net cash flow from investing activities was -CNY 103,169,428.77, worsening from -CNY 7,452,556.78 in the previous period, indicating increased investment expenditures[22] - The net cash flow from financing activities was -CNY 1,893,078.41, compared to -CNY 14,809,224.40 in the previous period, indicating a decrease in cash outflows related to financing[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,414,307,670.77, up 7.84% from ¥3,166,008,451.03 at the end of the previous year[5] - Total current assets were CNY 2.38 billion, up from CNY 2.16 billion at the beginning of the period[16] - Total liabilities rose to ¥1.68 billion in Q1 2024, compared to ¥1.44 billion in Q1 2023, an increase of 16.3%[18] - The total equity attributable to shareholders increased to ¥1.69 billion in Q1 2024 from ¥1.68 billion in Q1 2023, a growth of 1.6%[18] Research and Development - The company's R&D expenses rose to ¥60,169,981.43, a 134.75% increase from ¥25,631,507.83, indicating a focus on innovation[8] - Research and development expenses for Q1 2024 were ¥60.17 million, up from ¥25.63 million in Q1 2023, indicating a growth of 134.0%[19] - The company is investing heavily in product and technology research and development to strengthen its core capabilities[13] Business Expansion - The company plans to continue expanding its photovoltaic EPC business, which contributed to the revenue growth in this quarter[8] - The company is expanding its core business in household energy storage and photovoltaic inverters, with products starting to be sold in bulk[13] - A new manufacturing base is being established in Anqing to enhance production capacity for future business development[13] - The company established a wholly-owned subsidiary in Anqing with a registered capital of CNY 50 million to focus on energy storage technology and related manufacturing[14] Accounts Receivable and Payable - The company reported a significant increase in accounts payable, which rose by 116.73% to ¥330,738,129.69, primarily due to increased supplier payments[8] - Accounts receivable rose to CNY 946.97 million, compared to CNY 802.32 million at the beginning of the period[16]