SPEG(SH:600679)2024-04-26 12:04Financial Performance - The company's operating revenue for Q1 2024 was CNY 589.11 million, representing a 67.56% increase compared to CNY 351.57 million in the same period last year[3]. - Net profit attributable to shareholders for Q1 2024 was CNY 28.42 million, an increase of 87.54% from CNY 15.15 million year-on-year[3]. - The basic earnings per share for Q1 2024 was CNY 0.0551, up 87.41% from CNY 0.0294 in the previous year[3]. - Operating profit for Q1 2024 was ¥34,114,857.37, up from ¥16,708,032.47 in Q1 2023, reflecting a growth of 104.0%[15]. - Net profit for Q1 2024 was ¥28,194,368.78, compared to ¥14,658,896.55 in Q1 2023, representing an increase of 92.0%[15]. - The company achieved a comprehensive income total of ¥33,280,736.41 in Q1 2024, compared to ¥15,986,398.11 in Q1 2023, representing a growth of 108.5%[16]. Assets and Liabilities - Total assets at the end of Q1 2024 reached CNY 3.41 billion, a 4.67% increase from CNY 3.26 billion at the end of the previous year[4]. - The company reported a total asset increase to ¥3,409,947,229.05 in Q1 2024 from ¥3,257,858,555.81 in Q1 2023, marking a growth of 4.6%[13]. - Total liabilities rose to ¥1,204,852,442.83 in Q1 2024, compared to ¥1,086,044,506.00 in Q1 2023, an increase of 10.9%[13]. - The company's total equity increased to ¥2,205,094,786.22 in Q1 2024 from ¥2,171,814,049.81 in Q1 2023, reflecting a growth of 1.5%[13]. Cash Flow - The company's cash flow from operating activities for Q1 2024 was CNY 25.46 million, a significant recovery from a negative cash flow of CNY 44.01 million in the same period last year[3]. - In Q1 2024, the company reported a net cash flow from operating activities of ¥25,459,378.67, a significant improvement from a net outflow of ¥44,007,386.22 in Q1 2023[18]. - Total cash inflow from operating activities reached ¥633,217,796.45, compared to ¥351,470,542.43 in the same period last year, marking an increase of approximately 80.1%[18]. - The company achieved a net cash flow from investing activities of ¥303,150,993.67, a turnaround from a net outflow of ¥157,173,517.88 in the previous year[18]. - The company reported a net increase in cash and cash equivalents of ¥312,158,725.66, contrasting with a decrease of ¥189,449,101.40 in Q1 2023[18]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 43,034[11]. - The largest shareholder, Shanghai Jinshan District State-owned Assets Supervision and Administration Commission, holds 117,377,339 shares, accounting for 22.78% of total shares[11]. - The company has a total of 10 major shareholders, with three groups identified as acting in concert[11]. - Jiangsu Meile Investment Co., Ltd. holds 12.56% of shares, with a portion pledged[11]. - The company reported no significant changes in the top 10 shareholders due to securities lending activities[12]. Research and Development - Research and development expenses increased by 44.31% in Q1 2024, indicating a focus on innovation and product development[8]. - Research and development expenses for Q1 2024 were ¥4,881,690.57, up from ¥3,382,745.09 in Q1 2023, indicating a rise of 44.4%[15]. Accounts Receivable and Inventory - The company experienced a 73.12% increase in accounts receivable, attributed to higher sales to procurement customers during the quarter[8]. - Accounts receivable increased to ¥500,530,245.21 from ¥289,115,773.72[12]. - Inventory decreased slightly to ¥312,412,967.91 from ¥321,027,143.93[12].