Financial Performance - The company's operating revenue for Q1 2024 was CNY 468,711,943.50, representing a year-on-year increase of 20.43%[4] - The net profit attributable to shareholders for the same period was CNY 46,285,190.05, reflecting a growth of 17.45% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was CNY 45,882,223.87, which is an increase of 17.77% year-on-year[4] - Total operating revenue for Q1 2024 reached ¥468.71 million, a 20.4% increase from ¥389.19 million in Q1 2023[20] - Net profit for Q1 2024 was ¥44.75 million, representing a 12.5% increase compared to ¥39.63 million in Q1 2023[21] - The total comprehensive income for Q1 2024 was ¥45.53 million, compared to ¥39.96 million in Q1 2023, reflecting a growth of 13.9%[21] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 12,713,559.40, showing a significant decrease of 335.67% compared to the previous year[4] - The company reported a net cash flow from operating activities of ¥12.71 million in Q1 2024, a significant improvement from a negative cash flow of ¥5.39 million in Q1 2023[25] - Cash and cash equivalents were reported at RMB 1,057,430,411.97, a decrease from RMB 1,118,004,552.25, reflecting a decline of approximately 5.4%[14] - Cash and cash equivalents at the end of Q1 2024 totaled ¥1.03 billion, a decrease from ¥1.09 billion at the beginning of the quarter[26] - The company reported a net cash outflow from investing activities of ¥62.45 million in Q1 2024, compared to a net outflow of ¥67.45 million in Q1 2023[26] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,767,459,580.64, down by 2.20% from the end of the previous year[5] - The company's current assets totaled RMB 2,041,739,454.02, down from RMB 2,100,822,608.52, indicating a decrease of about 2.8%[15] - The total liabilities of the company were RMB 720,339,813.82, down from RMB 826,000,421.05, which is a decrease of approximately 12.8%[16] - The company reported a significant increase in other receivables by 96.97%, primarily due to an increase in receivable dividends[8] - The company’s accounts receivable decreased to RMB 432,358,456.71 from RMB 542,760,381.08, showing a reduction of about 20.4%[14] - The company’s accounts payable decreased to RMB 430,570,404.29 from RMB 524,158,828.57, reflecting a decline of approximately 17.8%[15] Equity and Earnings - The equity attributable to shareholders increased to CNY 2,047,119,766.82, marking a growth of 2.21% compared to the previous year[5] - The company's total equity increased to RMB 2,047,119,766.82 from RMB 2,003,764,599.27, marking an increase of about 2.2%[16] - The basic earnings per share for Q1 2024 was CNY 0.14, which is a decrease of 12.50% year-on-year[4] - Basic earnings per share for Q1 2024 were ¥0.14, down from ¥0.16 in Q1 2023[21] - The weighted average return on equity was 2.29%, a decrease of 2.46 percentage points compared to the previous year[4] Operating Costs and Expenses - Total operating costs increased to ¥420.93 million in Q1 2024, up 20.6% from ¥349.01 million in Q1 2023[20] - Management expenses rose by 35.60%, attributed to increased daily operating costs[8] - Research and development expenses for Q1 2024 were ¥12.92 million, slightly down from ¥13.65 million in Q1 2023[20] - The company reported a significant increase in inventory, which rose to RMB 355,172,047.36 from RMB 288,835,434.97, representing an increase of approximately 23.0%[14] - The company’s retained earnings increased to RMB 366,377,491.88 from RMB 320,092,301.83, showing an increase of about 14.5%[16] Borrowings - The company’s short-term borrowings were RMB 50,273,582.91, slightly up from RMB 49,950,062.32, indicating a marginal increase of about 0.6%[15]
上海汽配(603107) - 2024 Q1 - 季度财报