中通客车(000957) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥1,281,848,549.35, representing an increase of 84.73% compared to ¥693,888,713.39 in the same period last year[5] - Net profit attributable to shareholders was ¥42,384,500.90, up 105.08% from ¥20,666,894.25 year-on-year[5] - Basic earnings per share increased to ¥0.0715, a rise of 104.87% from ¥0.0349 in the same period last year[5] - Total operating revenue for Q1 2024 reached ¥1,281,848,549.35, a significant increase of 84.5% compared to ¥693,888,713.39 in the same period last year[20] - Net profit for Q1 2024 was ¥42,384,500.90, representing a 105.5% increase from ¥20,666,894.25 in Q1 2023[22] - Earnings per share for Q1 2024 were ¥0.0715, compared to ¥0.0349 in the previous year, marking a 104.3% increase[22] Cash Flow - The net cash flow from operating activities improved significantly to ¥470,090,569.07, compared to a negative cash flow of -¥210,167,168.48 in the previous year, marking a 323.67% increase[5] - Cash flow from operating activities for Q1 2024 was ¥1,701,143,404.24, an increase from ¥1,063,487,916.04 in Q1 2023, indicating a growth of 60%[23] - The cash inflow from operating activities totaled ¥1,825,848,534.49 in Q1 2024, compared to ¥1,152,438,817.85 in Q1 2023, representing a year-over-year increase of approximately 58.4%[24] - The cash outflow from financing activities was ¥3,662,750.02 in Q1 2024, a decrease from ¥58,238,666.66 in Q1 2023, reflecting improved cash management[24] - The company’s cash flow management strategies have led to a significant recovery in cash position compared to the previous year, highlighting effective operational adjustments[25] Assets and Liabilities - Total assets as of March 31, 2024, were ¥8,888,344,297.53, reflecting a 4.49% increase from ¥8,506,453,313.50 at the end of the previous year[5] - Total liabilities as of Q1 2024 amounted to ¥6,117,764,344.89, compared to ¥5,777,790,518.18 in the previous year, reflecting an increase of 5.9%[21] - Total equity attributable to shareholders reached ¥2,770,579,952.64, up from ¥2,728,662,795.32, showing a growth of 1.5%[21] Inventory and Accounts - The company reported a significant increase in inventory, which rose by 52.66% to ¥974,396,024.67, attributed to a high volume of undelivered orders[8] - Accounts receivable decreased to ¥2,945,816,293.11 from ¥3,247,500,379.59, indicating improved collection efficiency[17] - The company experienced a 33.49% increase in accounts payable, totaling ¥1,735,764,379.35, primarily due to increased material purchases[9] - The company reported a significant increase in tax expenses, with payments rising by 102.70% to ¥43,996,256.62[12] Government Support and Expenses - The company received government subsidies amounting to ¥17,979,447.22, which contributed positively to its financial performance[6] - Research and development expenses for Q1 2024 were ¥36,953,618.90, down from ¥40,052,360.25, indicating a decrease of 7.3%[21] - The company reported a decrease in tax expenses to ¥2,793,658.27 from ¥2,803,925.23, a slight reduction of 0.4%[22] Future Outlook - The company plans to continue focusing on new product development and market expansion strategies in the upcoming quarters[13]