Financial Performance - The company's revenue for Q1 2024 was CNY 230,579,335.07, representing a 4.16% increase compared to CNY 221,375,933.06 in the same period last year[5]. - Net profit attributable to shareholders for Q1 2024 was CNY 32,511,747.75, up 6.30% from CNY 30,585,912.68 year-on-year[5]. - The basic earnings per share decreased by 19.51% to CNY 0.33 from CNY 0.41 in the previous year[5]. - Total operating revenue for Q1 2024 was CNY 230,579,335.07, an increase of 4.4% compared to CNY 221,375,933.06 in the same period last year[23]. - Total operating costs for Q1 2024 were CNY 197,633,427.51, up 8.9% from CNY 181,469,952.86 in the previous year[23]. - The company's net profit attributable to shareholders was not explicitly stated, but the retained earnings increased to CNY 604,708,910.83 from CNY 572,197,163.08[22]. - The net profit for Q1 2024 was CNY 32,511,747.75, an increase of 6.3% compared to CNY 30,585,912.68 in Q1 2023[25]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,262,756,580.18, a decrease of 1.57% from CNY 2,298,850,775.50 at the end of the previous year[5]. - Current liabilities decreased significantly to CNY 271,636,821.04 from CNY 342,750,322.98, a reduction of 20.8%[21]. - Non-current liabilities increased to CNY 11,085,156.61 from CNY 572,318.28, indicating a substantial rise[21]. - Cash and cash equivalents at the end of the period were CNY 982,677,163.23, down from CNY 994,907,664.69[20]. - Inventory increased to CNY 256,227,372.71 from CNY 209,133,996.68, reflecting a growth of 22.5%[20]. - The total equity attributable to shareholders rose to CNY 1,980,034,602.53 from CNY 1,955,528,134.24, an increase of 1.2%[22]. Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 55,405,074.44, slightly worse than the outflow of CNY 54,230,544.33 in the same period last year, reflecting a -2.17% change[5]. - Cash inflow from operating activities was CNY 149,203,448.47, up from CNY 90,124,552.60 in Q1 2023, representing a growth of 65.5%[28]. - Cash outflow from operating activities totaled CNY 204,608,522.91, compared to CNY 144,355,096.93 in the previous year, indicating an increase of 42%[28]. - The net cash flow from operating activities was -CNY 55,405,074.44, slightly worse than -CNY 54,230,544.33 in Q1 2023[28]. - Cash inflow from investment activities was CNY 300,392,378.22, significantly higher than CNY 9,982,509.28 in the same quarter last year[28]. - The net cash flow from investment activities was -CNY 578,865,394.32, compared to -CNY 18,859,606.95 in Q1 2023, reflecting a substantial increase in cash outflow[28]. - Cash inflow from financing activities was CNY 34,900,000.00, up from CNY 10,000,000.00 in the previous year[29]. - The net cash flow from financing activities was -CNY 36,742,091.67, a decrease from a positive net flow of CNY 6,333,959.51 in Q1 2023[29]. - The ending cash and cash equivalents balance was CNY 306,296,011.09, down from CNY 9,852,249.37 at the end of Q1 2023[29]. Investments and Future Plans - The company plans to invest RMB 280 million to establish an intelligent factory for new energy vehicle fluid pipeline systems in Liyang Economic Development Zone[16]. - The company has completed the feasibility study and environmental assessment reports for the new energy vehicle project and successfully auctioned the project land[16]. - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions to enhance its competitive position[19]. - The company is focused on developing new products and technologies to meet market demands and enhance operational efficiency[19]. Shareholder Actions - As of March 31, 2024, the company has repurchased 227,188 shares, accounting for 0.23% of the total share capital, with a total expenditure of RMB 8,003,409.46[17]. - The maximum repurchase price was RMB 56.69 per share, with a highest transaction price of RMB 36.00 and a lowest of RMB 34.35, averaging RMB 35.23 per share[17]. - The company plans to distribute a cash dividend of RMB 10 per 10 shares and to increase capital by 2 shares for every 10 shares held, pending shareholder approval[18]. - The company has initiated a share buyback program to support employee stock ownership plans and equity incentives[17]. - The total number of ordinary shareholders at the end of the reporting period was 15,448[13]. Other Financial Metrics - The company reported a significant decrease of 66.60% in trading financial assets, down to CNY 30,089,882.70 from CNY 90,101,188.70[11]. - The company experienced a 131.70% increase in prepayments, rising to CNY 8,121,918.82 from CNY 3,505,399.13, indicating increased supplier payments[11]. - The financial expenses for Q1 2024 were reported at CNY -1,699,995.27, a drastic change of -460.26% compared to CNY 471,886.10 in the previous year, primarily due to increased investment income[11]. - Research and development expenses increased to CNY 12,819,186.85, a rise of 23.7% compared to CNY 10,360,966.66 in Q1 2023[23].
溯联股份(301397) - 2024 Q1 - 季度财报