Financial Performance - The company's operating revenue for Q1 2024 was ¥153,057,582.20, representing a year-on-year increase of 12.84%[5] - The net profit attributable to shareholders for the same period was ¥46,596,452.44, reflecting a growth of 33.79% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 47.20%, amounting to ¥43,343,141.44[5] - Total revenue for Q1 2024 reached ¥153,057,582.20, an increase of 12.8% compared to ¥135,646,091.08 in Q1 2023[17] - Operating profit for Q1 2024 was ¥54,677,559.74, up from ¥40,762,387.20 in Q1 2023, reflecting a growth of 34.2%[17] - Net profit for Q1 2024 was ¥46,596,452.44, compared to ¥34,827,047.37 in Q1 2023, representing a year-over-year increase of 33.9%[19] - Earnings per share for Q1 2024 were ¥0.1472, compared to ¥0.1467 in Q1 2023, reflecting a marginal increase of 0.3%[19] Cash Flow and Investments - The net cash flow from operating activities reached ¥95,350,786.12, up by 16.38% year-on-year[5] - Cash flow from operating activities in Q1 2024 was ¥166,188,000.22, compared to ¥134,233,045.50 in Q1 2023, showing an increase of 23.8%[21] - The total cash inflow from operating activities was ¥173,798,177.47, compared to ¥145,751,552.76 in the previous year, indicating a year-over-year increase of about 19.3%[22] - Cash outflows from operating activities totaled ¥78,447,391.35, up from ¥63,822,723.63, reflecting an increase of approximately 22.9%[22] - The net cash flow from investing activities was -¥295,451,326.18, significantly higher than -¥74,685,027.31 in Q1 2023, indicating increased investment expenditures[22] - Cash outflows for capital expenditures were ¥296,575,270.63, compared to ¥74,685,027.31 in the same period last year, showing a substantial rise in investment activities[22] - The net cash flow from financing activities was -¥52,173.33, a decrease from -¥2,275,102.80 in Q1 2023, indicating reduced financing costs[23] - The company received cash from investment income amounting to ¥1,083,444.45 during the quarter, contributing to overall cash inflows[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,502,791,170.97, a 1.94% increase from the end of the previous year[6] - Total assets as of Q1 2024 amounted to ¥3,502,791,170.97, compared to ¥3,436,177,361.24 at the end of Q1 2023, indicating a growth of 1.9%[16] - Total liabilities for Q1 2024 were ¥442,613,744.20, an increase from ¥422,596,386.91 in Q1 2023, reflecting a rise of 4.7%[16] - The company's total current assets increased to ¥1,590,023,283.92 in Q1 2024 from ¥1,505,746,924.14 in Q1 2023, a growth of 5.6%[16] - The company's total non-current assets decreased slightly to ¥1,912,767,887.05 in Q1 2024 from ¥1,930,430,437.10 in Q1 2023, a decline of 0.9%[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,265[11] - The largest shareholder, China Xidian Electric Co., Ltd., holds 140,680,000 shares, accounting for 44.44% of total shares[11] - The number of shares held by the top 10 shareholders includes significant stakes from state-owned entities, indicating strong institutional support[12] - The company has not reported any significant changes in the shareholder structure due to margin trading activities[13] Research and Development - Research and development expenses totaled ¥18,296,634.98, marking a significant increase of 101.25%[6] - R&D expenses accounted for 11.95% of operating revenue, an increase of 5.25 percentage points compared to the previous year[6] - Research and development expenses increased significantly to ¥18,296,634.98 in Q1 2024, up from ¥9,091,504.35 in Q1 2023, marking a 101.3% rise[17] Other Financial Metrics - The weighted average return on equity decreased by 0.33 percentage points to 1.53%[5] - The company's cash and cash equivalents decreased from RMB 863,748,210.71 to RMB 663,623,218.16, a decline of approximately 23.2%[14] - Accounts receivable increased from RMB 35,711,610.22 to RMB 71,604,981.98, representing a growth of about 100.5%[14] - Inventory decreased from RMB 54,020,475.84 to RMB 44,391,732.58, a reduction of approximately 17.8%[14] - The total amount of other receivables increased from RMB 499,071.00 to RMB 1,170,185.11, a rise of approximately 134%[14] - The company paid ¥41,908,984.16 in employee compensation, which increased from ¥36,612,197.19 in the previous year, indicating a rise of about 14.1%[22] - The company reported tax payments of ¥10,669,573.80, significantly higher than ¥3,038,908.02 in Q1 2023, reflecting an increase of approximately 251.5%[22] - The company has not disclosed any new product developments or strategic initiatives in the current reporting period[14]
西高院(688334) - 2024 Q1 - 季度财报