宗申动力(001696) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,295,086,949.39, representing a 9.26% increase compared to CNY 2,100,536,049.01 in the same period last year[4] - Net profit attributable to shareholders was CNY 120,213,250.48, an increase of 8.00% from CNY 111,306,756.73 year-on-year[4] - Total operating revenue for Q1 2024 reached CNY 2,330,924,337.76, an increase of 8.97% compared to CNY 2,139,116,840.56 in Q1 2023[21] - Operating income was CNY 2,295,086,949.39, up from CNY 2,100,536,049.01, reflecting a growth of 9.25% year-over-year[21] - The net profit for the first quarter of 2024 was CNY 127,785,335.51, an increase of 10.4% compared to CNY 115,626,494.96 in the same period last year[22] - The total comprehensive income for the first quarter was CNY 130,587,568.42, up from CNY 117,612,755.19, reflecting a growth of 11.4%[23] - The total operating profit for the first quarter was CNY 147,973,359.45, up from CNY 125,928,750.74, marking an increase of 17.5%[22] - The company reported a total revenue from sales of CNY 1,831,020,374.18, compared to CNY 1,657,753,447.86 in the previous year, reflecting a growth of 10.4%[24] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -198,847,683.54, a decline of 64.16% compared to CNY -121,130,344.13 in the previous year[4] - Cash flow from operating activities showed a net outflow of CNY -198,847,683.54, worsening from CNY -121,130,344.13 in the previous year[24] - Cash inflow from investment activities was CNY 266,308,550.39, significantly higher than CNY 50,848,273.97 in the prior year[25] - The net increase in cash and cash equivalents for the quarter was CNY 438,008,141.98, compared to CNY 62,191,698.16 in the previous year[25] - The company reported a significant increase in cash and cash equivalents, with a net increase of CNY 43,800.81 million, a 604.29% rise from CNY 6,219.17 million in the previous year[11] - The company's cash and cash equivalents increased to ¥1,844,459,396.33 from ¥1,399,609,282.40, representing a growth of approximately 32%[16] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 11,054,099,723.95, up 9.32% from CNY 10,111,750,354.24 at the end of the previous year[4] - Total liabilities increased to CNY 5,688,220,750.86 from CNY 4,876,847,747.27, reflecting a rise of 16.63%[19] - Long-term borrowings increased by 143.07% to CNY 177,200.00 million, compared to CNY 72,900.00 million at the beginning of the year[11] - The company reported a significant increase in long-term borrowings, which rose to CNY 1,772,000,000.00 from CNY 729,000,000.00, indicating a strategic move to leverage debt for growth[18] - The total assets of the company reached CNY 11,054,099,723.95, compared to CNY 10,111,750,354.24 in the previous year, marking a growth of 9.32%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 77,093[12] - The largest shareholder, Chongqing Zongshen High-speed Boat Development Co., Ltd., holds 20.10% of shares, totaling 230,192,114 shares, with 90,000,000 shares pledged[12] - The number of shares held by the top 10 shareholders accounts for a significant portion of the total share capital, with the top two shareholders alone holding over 38%[12] Research and Development - The company has increased its investment in new product development, with development expenditures rising by 65.72% to CNY 1,005.84 million[11] - Research and development expenses were CNY 67,063,902.65, slightly down from CNY 67,819,232.06, suggesting a stable investment in innovation[21] - The company has not disclosed any new product or technology developments in this quarter[15] Market Activity - There are no significant mergers or acquisitions reported during this period[15] - The company has not provided specific future guidance or market expansion strategies in the current report[15] Inventory and Receivables - Inventory levels rose to CNY 873,384,131.37, up from CNY 842,038,474.62, indicating a potential increase in production or sales strategy[18] - Accounts receivable rose to ¥2,004,719,894.86 from ¥1,511,095,796.19, indicating an increase of about 32.5%[16] - The total amount of trading financial assets increased to ¥569,131,594.56 from ¥539,062,827.15, reflecting a growth of approximately 5.6%[16] - The company reported a decrease in receivables financing from ¥711,311,747.53 to ¥617,558,417.42, a decline of about 13.2%[16]