西典新能(603312) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 392,427,362.93, representing a year-on-year increase of 0.61%[5] - The net profit attributable to shareholders for the same period was CNY 49,615,042.20, reflecting an increase of 11.88% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was CNY 48,739,673.76, up by 10.28% year-on-year[5] - Operating profit for Q1 2024 was CNY 58,136,253.40, up from CNY 55,129,885.10 in the same period last year, reflecting a growth of 5.5%[24] - In Q1 2024, the company reported a net profit of CNY 49,615,042.20, an increase of 11.5% compared to CNY 44,347,841.36 in Q1 2023[24] - The company reported sales revenue of CNY 169,027,894.57 in Q1 2024, up from CNY 141,670,847.84 in Q1 2023, indicating a growth of 19.4%[27] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,383,743,254.08, marking a significant increase of 64.17% from the end of the previous year[6] - Total liabilities for Q1 2024 were RMB 617,719,945.33, down from RMB 809,660,403.29 in Q1 2023, showing a reduction of about 23.6%[20] - The total assets as of March 31, 2024, amounted to RMB 2,383,743,254.08, compared to RMB 1,451,957,798.80 at the same time last year, reflecting a significant increase of approximately 64.1%[20] - The company's total liabilities as of March 31, 2024, were significantly reduced compared to the previous quarter, indicating improved financial health[30] Equity and Earnings - The equity attributable to shareholders increased to CNY 1,766,023,308.75, a rise of 174.95% compared to the previous year-end[6] - The basic earnings per share for Q1 2024 was CNY 0.33, which is a decrease of 10.81% year-on-year[5] - The diluted earnings per share also stood at CNY 0.33, reflecting the same year-on-year decrease of 10.81%[6] - The weighted average return on equity was 3.59%, down by 6 percentage points compared to the previous year[6] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.33, down from CNY 0.37 in Q1 2023[25] Cash Flow - The net cash flow from operating activities was CNY 39,588,906.86, with no applicable year-on-year comparison[5] - The company generated cash inflows from operating activities totaling CNY 197,880,113.69, compared to CNY 146,812,599.11 in Q1 2023, marking an increase of 34.7%[27] - The net cash flow from operating activities was CNY 39,588,906.86, a significant recovery from a net outflow of CNY 14,071,826.46 in Q1 2023[28] - The company reported a cash balance at the beginning of the period of 49,371,279.86, showing a significant increase by the end of the quarter[38] - The net increase in cash and cash equivalents for the period was 799,837,578.44, with a closing balance of 849,208,858.30[38] Investments and Expenditures - The company invested CNY 100,000,000.00 in cash during Q1 2024, compared to no investment in Q1 2023[29] - Cash paid for investment activities totaled 342,479,922.06, highlighting substantial capital expenditures[38] - The net cash flow from investing activities was -334,364,093.04, indicating significant outflows compared to inflows of 8,115,829.02[38] Research and Development - The company’s research and development expenses increased to CNY 12,278,154.61 in Q1 2024, compared to CNY 9,838,968.17 in Q1 2023, reflecting a growth of 24.7%[24] - Research and development expenses for Q1 2024 were ¥7,750,043.25, down 21.1% from ¥9,838,968.17 in Q1 2023[34] Strategic Focus - The company has not indicated any significant changes in its operational strategies or new product developments during the reporting period[15] - The company plans to focus on market expansion and new product development in the upcoming quarters[34] Financial Health - The company's cash and cash equivalents reached RMB 906,763,339.25, an increase of RMB 78,549,141.75 compared to the previous period[18] - Accounts receivable decreased to RMB 507,253,633.33 from RMB 598,112,561.19, a decline of approximately 15.2%[18] - Inventory increased to RMB 167,033,686.55 from RMB 159,202,504.14, marking an increase of about 4.9%[18] - The company reported a financial income of ¥4,730,800.93 in Q1 2024, compared to a much lower income of ¥13,738.17 in Q1 2023[34] - The company's cash and cash equivalents increased significantly, contributing to improved liquidity[37] Accounting Standards - The company did not apply new accounting standards for the first quarter of 2024, maintaining consistency in financial reporting[40]