西力科技(688616) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 106,724,363.93, representing a year-on-year increase of 99.38%[4] - The net profit attributable to shareholders for Q1 2024 was CNY 17,178,061.49, showing a significant increase of 521.79% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was CNY 12,888,899.20, reflecting an increase of 281.47% year-on-year[5] - The basic and diluted earnings per share for Q1 2024 were both CNY 0.11, an increase of 450.00% compared to the previous year[5] - Total revenue for Q1 2024 reached ¥106,724,363.93, a significant increase of 99.4% compared to ¥53,528,202.91 in Q1 2023[21] - Net profit for Q1 2024 was ¥17,178,061.49, compared to ¥2,732,221.08 in Q1 2023, representing a growth of 528.5%[22] - Basic and diluted earnings per share for Q1 2024 were both ¥0.11, compared to ¥0.02 in Q1 2023, indicating a 450% increase[23] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 991,589,810.27, a decrease of 1.59% from the end of the previous year[5] - Total assets as of Q1 2024 were ¥991,589,810.27, a decrease from ¥1,007,643,716.38 in the previous quarter[19] - The company's total current assets were RMB 561.27 million, down from RMB 579.20 million at the end of 2023, indicating a decrease of 3.06%[17] - Total liabilities for Q1 2024 were ¥187,220,138.25, down from ¥201,267,109.68 in the previous quarter, indicating a reduction of 7%[19] - Shareholders' equity as of Q1 2024 was ¥804,369,672.02, slightly down from ¥806,376,606.70 in the previous quarter[19] Cash Flow - The net cash flow from operating activities was CNY 1,696,989.75, a decrease of 93.99% year-on-year[5] - Cash flow from operating activities in Q1 2024 was ¥142,637,546.43, an increase from ¥110,989,457.29 in Q1 2023, marking a growth of 28.5%[25] - The net cash inflow from operating activities was CNY 1,696,989.75, a decrease of 94.0% compared to CNY 28,247,390.71 in the previous period[26] - Total cash inflow from operating activities amounted to CNY 159,079,315.31, up from CNY 127,256,540.52, representing a growth of 25.0%[26] - Cash outflow from operating activities was CNY 157,382,325.56, compared to CNY 99,009,149.81, indicating an increase of 59.0%[26] - The ending balance of cash and cash equivalents was CNY 283,544,421.20, up from CNY 243,504,556.31, an increase of 16.5%[27] - The company reported a total cash decrease of CNY 27,726,967.81, compared to a decrease of CNY 24,434,164.03 in the previous period[27] Research and Development - Research and development expenses totaled CNY 9,242,829.85, which is an increase of 55.55% year-on-year[5] - Research and development expenses for Q1 2024 totaled ¥9,242,829.85, up from ¥5,941,843.52 in Q1 2023, reflecting a 55.1% increase[22] - The proportion of R&D expenses to operating revenue decreased to 8.66%, down by 2.44 percentage points compared to the previous year[5] Share Repurchase - The company repurchased a total of 3,108,677 shares, accounting for 2.07% of the total share capital, with a total transaction amount of approximately RMB 30.98 million[14] - The company plans to use between RMB 30 million and RMB 50 million for share repurchase, with a maximum repurchase price set at RMB 13.00 per share[13] - The highest repurchase price recorded was RMB 11.06 per share, while the lowest was RMB 8.63 per share[14] Sales and Inventory - The company attributed the significant increase in revenue to a rise in sales of smart electric meters due to increased orders from the State Grid in 2023[8] - The company reported a significant increase in sales expenses, which rose to ¥5,478,827.92 in Q1 2024 from ¥3,220,441.38 in Q1 2023, a rise of 70.1%[22] - The company's inventory increased to RMB 53.63 million from RMB 31.84 million, reflecting a significant increase of 68.67%[17] Other Financial Metrics - The weighted average return on equity increased to 2.11%, up by 1.75 percentage points from the previous year[5] - The company's non-current assets totaled RMB 430.32 million, slightly up from RMB 428.44 million, showing a marginal increase of 0.21%[17] - The company reported accounts receivable of RMB 167.02 million, a decrease from RMB 187.91 million, representing a decline of 11.06%[17] - The company's total liabilities and equity structure remains stable, with no significant changes reported in the shareholder composition[12]