XCC(SH:603667)2024-04-26 13:58Financial Performance - The company's operating revenue for Q1 2024 was ¥772,830,560.09, representing a decrease of 4.60% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥37,827,452.17, down 5.84% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 14.28% to ¥34,483,780.48[5]. - Total revenue for Q1 2024 was ¥772,830,560.09, a decrease of 4.3% compared to ¥810,081,251.52 in Q1 2023[22]. - Net profit for Q1 2024 was ¥38,049,822.41, a decline of 7.3% from ¥41,014,607.93 in Q1 2023[23]. - Operating profit for Q1 2024 was ¥39,449,327.04, down from ¥47,075,514.66 in Q1 2023[23]. - The company reported a total comprehensive income of ¥38,901,328.36 for Q1 2024, compared to ¥44,345,986.22 in Q1 2023[24]. - Earnings per share for Q1 2024 were ¥0.10, compared to ¥0.12 in Q1 2023[24]. Cash Flow - The net cash flow from operating activities was ¥37,143,921.53, a decline of 12.20% compared to the previous year[5]. - Cash received from sales in Q1 2024 was ¥682,443,231.78, a decrease of 11.3% from ¥769,966,607.33 in Q1 2023[26]. - Net cash inflow from operating activities was $37,143,921.53, a decrease of 12.8% compared to $42,304,931.86 in the previous year[27]. - Total cash inflow from operating activities amounted to $786,558,114.91, down from $851,767,340.87, reflecting a decline of 7.6%[27]. - Cash outflow from operating activities totaled $749,414,193.38, compared to $809,462,409.01, indicating a decrease of 7.4%[27]. - Cash received from other operating activities was $82,700,345.05, an increase of 42.5% from $58,035,555.11[27]. - Cash paid for purchasing goods and services was $461,281,548.20, down from $542,646,290.39, indicating a decrease of 15%[27]. - Cash paid for employee compensation was $140,515,670.36, slightly up from $136,630,875.45, reflecting an increase of 2.8%[27]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥5,197,247,749.10, an increase of 10.24% from the end of the previous year[6]. - The company's current assets totaled CNY 2,779,798,903.06, up from CNY 2,552,843,129.25, indicating an increase of about 8.9%[17]. - Accounts receivable rose to CNY 849,900,882.38 from CNY 730,415,704.04, representing a growth of approximately 16.3%[17]. - Inventory increased to CNY 944,748,986.79, compared to CNY 791,812,209.73, marking a rise of about 19.4%[17]. - Total liabilities increased to CNY 2,182,695,242.02 from CNY 1,740,266,935.29, indicating a rise of approximately 25.4%[18]. - Total current liabilities reached CNY 1,863,411,028.27, up from CNY 1,448,964,472.94, indicating an increase of about 28.6%[18]. - Non-current assets totaled CNY 2,417,448,846.04, an increase from CNY 2,161,760,169.02, reflecting a growth of approximately 11.8%[18]. - The company's goodwill increased to CNY 406,332,634.61 from CNY 370,737,603.11, representing a growth of about 9.5%[17]. Investments and Expenses - Research and development expenses rose by 43.99% during the quarter, indicating increased investment in innovation[10]. - Research and development expenses increased to ¥26,560,565.97 in Q1 2024, up 43.8% from ¥18,446,735.09 in Q1 2023[23]. - The company acquired an 8.4972% stake in Luoyang Bearing Group Co., Ltd., leading to a substantial increase in other non-current financial assets by 7,754.55%[9]. - The company reported a significant increase of 58.67% in accounts payable due to the consolidation of WJB Automotive Holdings Co., Ltd.[9]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,684[12]. - Total equity as of Q1 2024 was ¥3,014,552,507.08, up from ¥2,974,336,362.98 in Q1 2023[19]. - The weighted average return on net assets decreased by 0.45 percentage points to 1.30%[6].