SOLEX(SH:603992)2024-04-29 10:14Financial Performance - The company's revenue for Q1 2024 reached ¥681,036,666.55, representing a year-on-year increase of 12.61%[4] - Net profit attributable to shareholders was ¥111,332,113.46, marking a significant increase of 154.72% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥102,220,269.00, up by 156.89% year-on-year[4] - Basic and diluted earnings per share were both ¥0.27, an increase of 145.45% compared to the previous year[4] - Operating profit for Q1 2024 was ¥124,038,735.91, significantly higher than ¥55,569,586.38 in Q1 2023, marking an increase of 123.4%[20] - Net profit for Q1 2024 was ¥124,205,353.75, compared to ¥55,433,542.36 in Q1 2023, representing a growth of 124.1%[20] - The total comprehensive income for Q1 2024 was CNY 111,335,569.27, compared to CNY 50,875,602.13 in Q1 2023, indicating a growth of 118.5%[21] Cash Flow and Investments - The net cash flow from operating activities was ¥131,011,744.62, reflecting a growth of 37.25%[4] - The operating cash flow for Q1 2024 was CNY 131,011,744.62, up from CNY 95,454,148.46 in the same period last year, representing an increase of 37.2%[24] - The net cash flow from investment activities in Q1 2024 was -CNY 118,060,823.67, an improvement from -CNY 234,260,710.90 in Q1 2023[25] - The total cash outflow from financing activities in Q1 2024 was CNY 105,158,396.37, compared to CNY 10,478,731.01 in Q1 2023, indicating a significant increase in financing activities[25] - The company reported a decrease in cash outflow for employee payments to CNY 178,167,854.08 in Q1 2024 from CNY 181,556,543.02 in Q1 2023, a reduction of 1.3%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,110,729,337.44, a decrease of 3.33% from the end of the previous year[5] - Total assets as of March 31, 2024, were ¥4,110,729,337.44, down from ¥4,252,186,255.10 at the end of 2023, a decrease of 3.3%[16] - Total liabilities decreased to ¥1,418,351,964.66 from ¥1,680,575,671.06, a reduction of 15.6%[16] - Shareholders' equity attributable to the parent company increased by 4.70% to ¥2,692,377,372.78[5] - Shareholders' equity increased to ¥2,692,377,372.78 from ¥2,571,610,584.04, an increase of 4.7%[16] Operational Highlights - The company recognized government subsidies amounting to ¥7,159,084.99 during the period[5] - The company reported a significant increase in net profit primarily due to order growth and the disposal of the home furnishing business in September 2023[5] - Total operating revenue for Q1 2024 reached ¥681,036,666.55, an increase of 12.6% compared to ¥604,789,335.11 in Q1 2023[20] - Total operating costs for Q1 2024 were ¥569,455,319.38, up from ¥551,593,730.22 in Q1 2023, reflecting a rise of 3.2%[20] - Research and development expenses for Q1 2024 were ¥47,988,524.33, slightly up from ¥45,008,412.84 in Q1 2023, indicating a growth of 6.6%[20] Receivables and Cash Management - Cash and cash equivalents decreased to ¥828,979,213.19 from ¥903,579,063.99 as of December 31, 2023, a decline of 8.2%[14] - Accounts receivable decreased to ¥478,517,243.58 from ¥559,785,851.89, a reduction of 14.5%[14] - Cash and cash equivalents at the end of Q1 2024 were CNY 828,606,767.99, down from CNY 976,384,026.91 at the end of Q1 2023[25] - The company received CNY 40,310,939.10 in tax refunds during Q1 2024, compared to CNY 21,019,725.65 in Q1 2023, showing an increase of 91.7%[24] - The weighted average return on equity rose by 2.24 percentage points to 4.23%[4]