钱江摩托(000913) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 1,345,095,802.23, representing a 0.87% increase compared to CNY 1,333,551,037.86 in the same period last year[5] - Net profit attributable to shareholders increased by 89.09% to CNY 139,754,838.07 from CNY 73,910,910.41 year-on-year[5] - Basic earnings per share increased by 80.56% to CNY 0.2712 from CNY 0.1502 in the same period last year[5] - In Q1 2024, the company's net profit reached CNY 140,017,606.05, a significant increase of 93.1% compared to CNY 72,481,376.22 in Q1 2023[19] - Operating profit for Q1 2024 was CNY 144,294,544.83, up 92.5% from CNY 75,036,509.42 in Q1 2023[19] - The company’s total comprehensive income for Q1 2024 was CNY 140,161,279.51, up from CNY 72,576,038.16 in Q1 2023, indicating an increase of 93.0%[20] Cash Flow and Liquidity - The net cash flow from operating activities rose by 94.07% to CNY 114,414,803.89 compared to CNY 58,954,016.96 in the previous year[5] - Cash flow from operating activities generated a net inflow of CNY 114,414,803.89, compared to CNY 58,954,016.96 in Q1 2023, marking a growth of 94.0%[22] - Cash and cash equivalents decreased by 36.61% to 765,500,763.16, attributed to impacts from operating, investing, and financing activities[10] - Cash and cash equivalents increased to CNY 5,409,522,529.91 from CNY 4,605,255,604.03, representing a growth of about 17.4%[15] - The company’s cash and cash equivalents at the end of Q1 2024 totaled CNY 5,228,160,067.78, an increase from CNY 3,904,639,663.07 at the end of Q1 2023[22] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 9,321,960,879.99, a 10.12% increase from CNY 8,465,106,236.94 at the end of the previous year[5] - Total liabilities rose to CNY 4,727,357,604.41 from CNY 4,019,399,922.86, an increase of about 17.6%[17] - Shareholders' equity increased to CNY 4,594,603,275.58 from CNY 4,445,706,314.08, reflecting a growth of approximately 3.3%[17] - The company reported a significant increase in accounts receivable, which rose by 40.47% to CNY 534,630,640.84, attributed to changes in sales credit policies[9] - Inventory decreased to CNY 990,340,557.86 from CNY 1,209,533,609.14, a decline of about 18.1%[16] Government Support and Taxation - The company received government subsidies amounting to CNY 32,148,242.22, which are closely related to its normal business operations[6] - The company reported a 106.70% increase in taxes payable, amounting to CNY 116,747,864.59, primarily due to an increase in value-added and consumption taxes[9] - The company received CNY 150,215,679.74 in tax refunds during Q1 2024, compared to CNY 80,007,335.20 in Q1 2023, representing an increase of 87.5%[22] - Other income increased significantly by 797.55% to 51,095,884.95, primarily due to increased government subsidies received during the reporting period[10] Borrowings and Financial Expenses - The company’s long-term borrowings increased dramatically by 2105.08% to CNY 198,306,476.50, primarily due to loans for infrastructure projects[9] - The company reported a decrease in short-term borrowings to CNY 7,783,952.88 from CNY 13,134,964.09, a reduction of about 40.3%[17] - The company reported a significant increase in financial expenses, totaling -29,471,285.67, primarily due to interest from deposits[10] - The company’s financial expenses showed a significant improvement, with a net income of CNY -29,471,285.67 compared to CNY -8,628,941.43 in the previous year[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,462, with no preferred shareholders[12] - The largest shareholder, Geely Technology Group, holds 36.61% of shares, amounting to 193,000,000 shares, with 58,000,000 shares pledged[12] Operational Metrics - Total operating revenue for Q1 2024 was CNY 1,345,095,802.23, a slight increase of 0.4% compared to CNY 1,333,551,037.86 in Q1 2023[18] - Total operating costs decreased to CNY 1,216,881,647.71 from CNY 1,249,872,213.33, reflecting a reduction of approximately 2.6%[18] - Research and development expenses remained stable at CNY 70,016,719.21, slightly down from CNY 70,535,233.01 in the previous year[19] - The company has not disclosed any new product developments or market expansion strategies in the current report[16]