YXMC(SH:600213)2024-04-29 10:17Financial Performance - The company's operating revenue for Q1 2024 was ¥558,179,259.81, representing a year-on-year increase of 263.98%[2]. - Total operating revenue for Q1 2024 reached ¥558,179,259.81, a significant increase of 263.5% compared to ¥153,355,045.27 in Q1 2023[16]. - The net profit attributable to shareholders was a loss of ¥7,084,181.41, while the net profit excluding non-recurring items was ¥7,535,816.76[2]. - The net loss for Q1 2024 was ¥5,398,677.82, an improvement from a net loss of ¥33,780,527.38 in Q1 2023[17]. - The company's gross profit for Q1 2024 was ¥16,838,430.22, compared to a gross loss of ¥33,743,379.62 in Q1 2023[17]. - The total comprehensive income for Q1 2024 was a loss of ¥8.89 million, an improvement from a loss of ¥29.85 million in Q1 2023, indicating a reduction in comprehensive losses by approximately 70.2%[25]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥2,430,569.65, a decrease of 118.73% compared to the previous year[2]. - Cash generated from operating activities in Q1 2024 was ¥618,776,776.16, an increase from ¥261,442,730.22 in Q1 2023[20]. - The net cash flow from operating activities for Q1 2024 was -2,430,569.65 RMB, a decrease from 12,974,963.48 RMB in Q1 2023[21]. - Total cash and cash equivalents at the end of Q1 2024 amounted to 239,505,631.88 RMB, compared to 99,120,276.55 RMB at the end of Q1 2023[22]. - The cash and cash equivalents at the end of Q1 2024 were ¥143.43 million, a significant increase from ¥43.68 million at the end of Q1 2023[28]. - Cash inflow from financing activities was 235,901,644.31 RMB in Q1 2024, significantly higher than 89,500,000.00 RMB in Q1 2023[21]. Assets and Liabilities - Total assets at the end of Q1 2024 reached ¥2,988,426,398.67, reflecting a year-on-year increase of 24.82%[3]. - Total assets as of March 31, 2024, amounted to RMB 2,988,426,398.67, an increase from RMB 2,394,197,166.05 as of December 31, 2023, reflecting a growth of approximately 24.8%[12]. - The total liabilities as of Q1 2024 amounted to ¥3,097,092,330.45, compared to ¥2,497,863,914.65 in the previous year[14]. - Total current liabilities rose to RMB 2,732,478,644.08 from RMB 2,040,637,270.80, an increase of approximately 33.9%[13]. - The total liabilities as of March 31, 2024, were 2,979,718,432.75 RMB, up from 2,362,267,127.61 RMB at the end of 2023[23]. Inventory and Expenses - The company's inventory increased by 132.73%, primarily due to higher stock levels at the end of the period[5]. - Inventory significantly increased to RMB 691,538,696.96 from RMB 297,141,231.37, marking a growth of around 132.5%[12]. - The company reported a significant increase in sales expenses by 87.74%, driven by higher warranty and miscellaneous fees[5]. - Research and development expenses for Q1 2024 were ¥14,681,566.82, compared to ¥12,425,848.78 in Q1 2023, indicating a focus on innovation[17]. - The company incurred financial expenses of ¥1.35 million, a decrease from ¥8.86 million in the previous year, indicating a reduction of approximately 84.7%[24]. Shareholder Information - The company has no significant changes in the shareholding structure among the top 10 shareholders compared to the previous period[9]. - The company holds a total of 178,200,000 shares, representing 62.31% of the total shares, by Weichai (Yangzhou) Investment Co., Ltd.[9]. - The company has not reported any related party transactions among the top shareholders[9].