Financial Performance - Operating revenue for Q1 2024 was CNY 485,500,882.33, representing a decline of 47.51% year-over-year[10] - Net profit attributable to shareholders for Q1 2024 was CNY 18,057,322.33, a significant increase of 378.77% compared to the same period last year[10] - The total profit for Q1 2024 was CNY 38,309,664.91, compared to CNY 5,539,717.98 in Q1 2023, showing a substantial increase[50] - The net profit for Q1 2024 was CNY 31,358,170.31, compared to CNY 7,504,433.16 in Q1 2023, representing a significant increase[50] - The operating profit for Q1 2024 was CNY 38,309,664.94, a significant increase from CNY 5,548,910.34 in Q1 2023[50] - Total revenue for the first quarter of 2024 reached CNY 485,500,882.33, compared to CNY 924,972,601.85 for the same period in 2023, indicating a decline of about 47.5%[48] - Operating revenue for Q1 2024 was CNY 447,197,578.04, down from CNY 914,489,585.94 in Q1 2023, indicating a decline of approximately 51.0%[50] Cash Flow and Assets - The company reported a net cash flow from operating activities of -CNY 335,641,474.29, a decrease of 1,259.63% year-over-year[13] - The net cash flow from operating activities was -335,641,474.29 in the current period, compared to -24,686,312.39 in the previous period, indicating a significant decline[53] - Cash and cash equivalents decreased by 38.80% to CNY 570,609,590.24, primarily due to a reduction in bank acceptance deposits[11] - Cash and cash equivalents at the end of the period decreased to 388,610,452.07 from 506,291,866.41, a decline of about 23.3%[53] - Cash outflow for operating activities was 668,284,856.41, compared to 882,931,111.76, indicating a reduction of about 24.3%[55] - Current assets total 2,508,291,978.02 yuan, down from 2,605,372,159.53 yuan at the end of 2023[41] - The company's total assets as of March 31, 2024, amount to 3,746,950,027.10 yuan, a slight decrease from 3,749,137,253.93 yuan at the end of 2023[43] Liabilities and Equity - The total liabilities to assets ratio for the consolidated entity was 64.01%, a slight decrease from 64.43% at the end of 2023[10] - The total liabilities as of March 31, 2024, are 2,398,344,023.23 yuan, compared to 2,415,458,912.71 yuan at the end of 2023[43] - Total liabilities rose to CNY 1,808,499,356.62 as of March 31, 2024, compared to CNY 1,783,896,656.18 at the end of 2023, indicating an increase of approximately 1.4%[47] - The company's equity attributable to shareholders is 1,331,929,438.05 yuan, an increase from 1,313,865,330.26 yuan[43] Shareholder Information - The total number of unrestricted shares is 134,469,079, accounting for 43.45% of the total share capital[17] - The total number of restricted shares is 175,007,121, representing 56.55% of the total share capital[17] - The total share capital amounts to 309,476,200 shares[18] - The largest shareholder, Wang Yong, holds 119,000,000 shares, which is 38.45% of the total shares[21] - The company has 10,413 common shareholders[18] - The proportion of shares held by the top ten shareholders is 64.32% of the total share capital[22] - There are no pledges or judicial freezes on shares held by shareholders with more than 5% ownership[23] Research and Development - Research and development expenses increased by 231.57% to CNY 6,549,593.04, reflecting the company's commitment to innovation[12] - The company’s research and development expenses increased to CNY 5,408,514.50 in Q1 2024, compared to CNY 1,891,138.12 in Q1 2023, reflecting a focus on innovation[50] Future Plans and Commitments - The company plans to continue expanding its production capabilities, particularly in new component manufacturing bases[12] - The company has no new commitments during the reporting period, and all existing commitments are being fulfilled normally[33][34] - The company plans to repurchase shares with a total fund of no less than 30,000,000 yuan and no more than 50,400,000 yuan, targeting a repurchase price not exceeding 12 yuan per share[30] - The estimated number of shares to be repurchased ranges from 2,500,000 to 4,200,000, which is 0.81% to 1.36% of the total share capital[30] Asset Management Challenges - The company’s total assets impairment loss was CNY 9,022,050.64 in Q1 2024, compared to a loss of CNY 279,295.86 in Q1 2023, indicating increased asset management challenges[50] - The company incurred a credit impairment loss of CNY 4,953,653.33 in Q1 2024, compared to a loss of CNY 610,296.92 in Q1 2023[50] - The company has 370,256,619.83 yuan in assets that are either frozen, pledged, or under other restrictions, representing 9.87% of total assets[36]
海泰新能(835985) - 2024 Q1 - 季度财报