Financial Performance - The company's revenue for Q1 2024 was CNY 387,259,153.80, representing a 26.05% increase compared to CNY 307,229,460.57 in the same period last year[4] - Net profit attributable to shareholders decreased by 0.90% to CNY 10,117,615.92 from CNY 10,209,742.77 year-on-year[4] - Net profit for Q1 2024 was CNY 12,576,361.34, representing a 9.5% increase from CNY 11,485,268.34 in Q1 2023[18] - The total comprehensive income for Q1 2024 is ¥12,576,361.34, up from ¥11,485,268.34, indicating an increase of 9.5%[19] - Basic and diluted earnings per share fell by 38.48% to CNY 0.0331 from CNY 0.0538 in the same quarter last year[4] - Basic and diluted earnings per share decreased to ¥0.0331 from ¥0.0538, reflecting a decline of 38.5%[19] Cash Flow - The net cash flow from operating activities improved significantly, reaching CNY 25,840,583.67, a 119.71% increase from a negative cash flow of CNY -131,119,885.67 in the previous year[4] - Cash inflow from operating activities for Q1 2024 was ¥319,072,064.08, compared to ¥194,439,860.44 in Q1 2023, marking an increase of 64.0%[20] - The net cash flow from operating activities improved to ¥25,840,583.67 from a net outflow of ¥131,119,885.67 in the previous year[22] - Cash outflow from investing activities was ¥121,797,609.75, down from ¥213,733,561.78, a reduction of 43.1%[22] - The net cash flow from financing activities showed a significant decline to -¥83,125,501.21 from a positive inflow of ¥5,613,368.08 in Q1 2023[22] - The ending cash and cash equivalents balance decreased to ¥85,955,818.27 from ¥189,376,249.36, a drop of 54.6%[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,023,521,954.28, a slight decrease of 0.37% from CNY 3,034,837,925.10 at the end of the previous year[4] - Total assets as of March 31, 2024, were CNY 3,023,521,954.28, a slight decrease from CNY 3,034,837,925.10 at the beginning of the year[17] - Total liabilities decreased to CNY 1,418,493,460.54 from CNY 1,434,377,035.13, a reduction of 1.1%[16] - The company's equity attributable to shareholders increased to CNY 1,577,280,118.00 from CNY 1,575,242,093.23, a marginal increase of 0.1%[17] Operating Costs and Expenses - The company's operating costs increased by 36.02%, primarily due to the growth in turbocharger sales and the expansion of business revenue[9] - Total operating costs for Q1 2024 were CNY 377,841,738.73, up 29.2% from CNY 292,463,815.15 in Q1 2023[18] - Research and development expenses for Q1 2024 were CNY 13,954,204.31, slightly down from CNY 14,585,101.61 in Q1 2023[18] - Financial expenses decreased by 43.92%, attributed to reduced investment expenditures and lower interest expenses due to decreased financing needs and interest rates[8] Receivables and Subsidies - The company reported a 52.88% increase in receivables financing at the end of the period, mainly due to an increase in bank acceptance notes[9] - The company received government subsidies amounting to CNY 1,362,520.12, which positively impacted its financial performance[6] - The company reported a significant increase in accounts receivable, totaling CNY 574,004,614.35, compared to CNY 577,597,617.41 at the beginning of the year[15] Other Information - Cash and cash equivalents decreased to CNY 115,548,019.42 from CNY 207,404,292.90 at the beginning of the year, a decline of 44.4%[15] - Inventory increased to CNY 447,617,153.36, up 10.9% from CNY 403,415,827.56 at the start of the year[15] - The company has not undergone an audit for the Q1 2024 report[23]
西菱动力(300733) - 2024 Q1 - 季度财报