万和电气(002543) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥1,979,632,595.61, representing a 23.53% increase compared to ¥1,602,519,651.84 in the same period last year[4] - Net profit attributable to shareholders was ¥165,995,128.40, up 34.69% from ¥123,240,519.21 year-on-year[4] - The net profit after deducting non-recurring gains and losses increased by 50.20% to ¥188,242,566.05 from ¥125,331,152.06 in the previous year[4] - Total operating revenue for Q1 2024 reached ¥1,979,632,595.61, an increase of 23.5% compared to ¥1,602,519,651.84 in the same period last year[23] - The company's net profit margin improved, with a net profit of ¥239,902,468.56 for Q1 2024, compared to ¥147,326,925.50 in Q1 2023, reflecting a growth of 62.8%[23] - Operating profit for Q1 2024 reached CNY 204,529,899.53, up from CNY 143,713,424.99 in the same period last year, indicating a growth of 42.3%[24] - The company reported a total comprehensive income of CNY 157,859,654.70 for Q1 2024, compared to CNY 122,469,741.03 in Q1 2023, reflecting a growth of 28.9%[24] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.22, up from CNY 0.17 in Q1 2023, marking a 29.4% increase[24] Assets and Liabilities - The company's total assets grew by 6.55% to ¥8,946,968,111.55 from ¥8,396,615,781.28 at the end of the previous year[5] - The company's total liabilities increased to ¥4,250,857,806.93, up 10.2% from ¥3,857,166,402.11[21] - The equity attributable to shareholders of the parent company rose to ¥4,696,110,304.62, an increase of 3.5% from ¥4,539,449,379.17[22] - Cash and cash equivalents increased to ¥3,659,680,730.33 from ¥3,187,880,681.35, representing a growth of 14.8%[20] - Accounts receivable rose to ¥1,033,013,109.89, up 20.2% from ¥859,643,588.63 at the beginning of the period[20] - Inventory decreased to ¥699,177,965.90, down 15% from ¥820,844,482.23, indicating improved inventory management[20] Cash Flow - Cash flow from operating activities decreased by 11.76% to ¥318,145,304.65 from ¥360,556,322.93 in the same period last year[4] - Cash flow from operating activities generated a net amount of CNY 318,145,304.65, slightly down from CNY 360,556,322.93 in the previous year[25] - The company incurred a net cash outflow from investing activities of CNY -86,384,014.63, compared to CNY -24,522,499.22 in the previous year[26] - Cash flow from financing activities showed a net inflow of CNY 98,976,282.47, recovering from a net outflow of CNY -1,468,776.34 in Q1 2023[26] Shareholder Information - The company plans to repurchase shares with a total fund of no less than RMB 30 million and no more than RMB 60 million, with a maximum repurchase price of RMB 9 per share[16] - The estimated number of shares to be repurchased ranges from approximately 3,333,333 shares to 6,666,666 shares, representing about 0.4483% to 0.8965% of the total share capital[16] - As of January 25, 2024, the company has repurchased a total of 7,205,259 shares, accounting for 0.9690% of the total share capital, with a total payment of RMB 59,956,783.80[17] - The highest transaction price during the repurchase was RMB 8.74 per share, while the lowest was RMB 8.12 per share[17] - The company’s largest shareholder is Guangdong Wanhe Group Investment Development Co., Ltd., holding 220,545,000 shares[14] - The second largest shareholder, Lu Chuqin, holds 124,198,776 shares, while the third largest, Guangdong Wanhe Group Co., Ltd., holds 58,236,000 shares[14] - The company has a total share capital of 743,600,000 shares[16] - The repurchase plan is set to be implemented within 12 months from the board's approval date[16] - The company’s repurchase account held 7,205,259 shares, representing 0.97% of the total share capital as of the report date[14] - The company has not disclosed any changes in the participation of major shareholders in margin financing and securities lending[14] Expenses - Research and development expenses rose by 35.21% to ¥75,082,128.57, reflecting increased investment in R&D[11] - Total operating costs for Q1 2024 were ¥1,739,730,127.05, up 19.5% from ¥1,455,192,726.34 in Q1 2023[23] - The company reported a significant increase in income tax expenses, which rose by 66.22% to ¥37,089,853.22 due to higher total profits[11] - Short-term borrowings increased by 57.02% to ¥1,055,414,237.86, primarily due to an increase in short-term financing[10] - Short-term borrowings increased significantly to ¥1,055,414,237.86, up 57.1% from ¥672,132,704.67[21]