苏轴股份(430418) - 2024 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders rose by 51.39% to CNY 32,752,436.39 for the first quarter of 2024, up from CNY 21,634,720.24 in the same period last year[10] - Operating revenue for the first quarter of 2024 was CNY 166,964,920.68, reflecting a 15.55% increase from CNY 144,496,090.01 in the previous year[10] - Operating profit for Q1 2024 was ¥38,596,911.81, up 41.5% from ¥27,300,740.49 in Q1 2023[39] - Total comprehensive income for the first quarter of 2024 was ¥32,485,720.01, compared to ¥21,970,230.78 in the previous year, reflecting strong financial performance[42] - Basic and diluted earnings per share for Q1 2024 were both ¥0.34, compared to ¥0.22 in Q1 2023, reflecting a 54.5% increase[39] Cash Flow - The net cash flow from operating activities increased by 42.36% to CNY 37,739,579.54, driven by higher operational receipts[12] - Cash inflow from sales of goods and services reached CNY 162,088,927.13 in Q1 2024, up from CNY 124,508,000.77 in Q1 2023, indicating a growth of about 30.2%[43] - The total cash outflow from operating activities was CNY 128,786,753.85 in Q1 2024, compared to CNY 107,092,553.58 in Q1 2023, reflecting an increase of approximately 20.3%[43] - The cash and cash equivalents at the end of Q1 2024 totaled CNY 246,643,618.33, compared to CNY 168,295,153.01 at the end of Q1 2023, marking an increase of approximately 46.5%[44] - The net increase in cash and cash equivalents for Q1 2024 was CNY 23,935,584.18, compared to CNY 17,442,048.48 in Q1 2023, showing an increase of about 37.5%[44] Assets and Liabilities - Total assets increased by 3.30% to CNY 852,986,913.60 as of March 31, 2024, compared to CNY 825,699,303.13 at the end of 2023[10] - The company's asset-liability ratio decreased to 12.90% for consolidated figures, down from 14.00% at the end of 2023[10] - Total liabilities decreased to ¥110,340,283.44 in Q1 2024, down from ¥115,830,587.72 in Q1 2023, a reduction of 4.3%[37] - Current assets totaled ¥551,348,222.55 as of March 31, 2024, an increase from ¥527,567,872.85 on December 31, 2023, representing a growth of approximately 4.4%[32] - Non-current assets totaled ¥301,638,691.05, slightly up from ¥298,131,430.28, reflecting an increase of approximately 1.9%[33] Shareholder Information - The total number of shareholders as of March 31, 2024, is 4,708, with the top 10 shareholders holding a combined 56,359,711 shares, representing 58.27% of total shares[20][19] - The company has a total share capital of 96,720,000 shares, with 51,142,517 shares (52.88%) being unrestricted and 45,577,483 shares (47.12%) being restricted[18] - The largest shareholder, Chuangyuan Technology Co., Ltd., holds 41,382,000 shares, accounting for 42.79% of the total shares[18] Operational Highlights - The company plans to enhance its global market presence and expand into new automotive component sectors, including indirect supply to major automotive brands[12] - The increase in net profit margin indicates improved operational efficiency and cost management strategies[42] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[41] Research and Development - Research and development expenses for Q1 2024 were ¥9,963,155.04, up from ¥9,229,709.53 in Q1 2023, indicating a growth of 8%[38] - Research and development expenses rose to ¥9,963,155.04, compared to ¥9,229,709.53 in the previous year, indicating a focus on innovation[41] Other Financial Metrics - Significant increase in accounts receivable financing by 58.16% to CNY 4,595,470.39 due to increased bank acceptance bills used for financing[11] - Other income surged by 178.77% to CNY 417,264.37, primarily due to increased VAT deductions[12] - Investment income rose by 234.26% to CNY 413,040.56, attributed to higher profits from joint ventures[12] - The company reported a credit impairment loss of ¥604,739.73 in Q1 2024, compared to a loss of ¥532,925.96 in Q1 2023[39] - Other comprehensive income after tax for Q1 2024 was a loss of ¥13,590.57, contrasting with a gain of ¥4,884.47 in Q1 2023[39]