昇兴股份(002752) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,676,401,026.07, representing a 9.11% increase compared to ¥1,536,491,600.57 in the same period last year[4] - Net profit attributable to shareholders for Q1 2024 was ¥121,669,797.23, a significant increase of 128.00% from ¥53,364,802.80 in Q1 2023[4] - The net profit after deducting non-recurring gains and losses was ¥119,428,305.25, up 121.52% from ¥53,913,381.60 in the previous year[4] - Basic and diluted earnings per share for Q1 2024 were both ¥0.12, reflecting a 140.00% increase from ¥0.05 in Q1 2023[4] - Total operating revenue for Q1 2024 was CNY 1,676,401,026.07, an increase of 9.1% compared to CNY 1,536,491,600.57 in Q1 2023[22] - Net profit for Q1 2024 reached CNY 126,434,774.46, representing a significant increase of 139.8% from CNY 52,745,392.54 in Q1 2023[23] - The total comprehensive income attributable to the parent company for Q1 2024 was CNY 122,423,685.38, up from CNY 47,364,489.13 in Q1 2023, indicating a growth of about 158.4%[24] Assets and Liabilities - The company's total assets decreased by 13.51% to ¥7,430,988,627.75 from ¥8,591,670,745.99 at the end of the previous year[4] - Total assets decreased to CNY 7,430,988,627.75 in Q1 2024 from CNY 8,591,670,745.99 in Q1 2023, a decline of 13.5%[20] - Current liabilities decreased to CNY 3,612,075,547.49 in Q1 2024 from CNY 4,909,654,103.97 in Q1 2023, a reduction of 26.4%[20] - Non-current liabilities increased slightly to CNY 547,369,681.73 in Q1 2024 from CNY 537,661,906.10 in Q1 2023, an increase of 1.3%[21] - The company's total equity rose to CNY 3,271,543,398.53 in Q1 2024, compared to CNY 3,144,354,735.92 in Q1 2023, reflecting an increase of 4.1%[21] Cash Flow - The net cash flow from operating activities was ¥59,973,183.09, down 69.06% from ¥193,865,085.94 in the same period last year[4] - Cash inflows from operating activities totaled CNY 2,523,509,625.57 in Q1 2024, compared to CNY 1,888,536,765.96 in Q1 2023, marking an increase of approximately 33.5%[27] - The net cash flow from operating activities for Q1 2024 was CNY 59,973,183.09, down from CNY 193,865,085.94 in Q1 2023, a decrease of about 69.0%[27] - The net cash flow from investing activities for Q1 2024 was -CNY 60,942,255.76, compared to -CNY 112,238,535.97 in Q1 2023, showing an improvement of approximately 45.6%[28] - The net cash flow from financing activities for Q1 2024 was -CNY 241,080,718.83, compared to -CNY 58,464,807.06 in Q1 2023, indicating a decline of about 312.5%[28] - The total cash and cash equivalents at the end of Q1 2024 were CNY 279,267,036.78, down from CNY 460,071,257.87 at the end of Q1 2023, a decrease of approximately 39.2%[28] Shareholder Information - Total number of common shareholders at the end of the reporting period is 24,815[13] - The largest shareholder, Shengxing Holdings Limited, holds 55.63% of shares, totaling 543,416,873 shares[14] - The top ten shareholders include Fuzhou Shengyang Development Co., Ltd. with an 8.19% stake, totaling 80,000,000 shares[14] Research and Development - The company plans to establish a wholly-owned subsidiary, Shengxing (Quanzhou) New Energy Technology Co., Ltd., for R&D and production of new energy structural components[16] - Research and development expenses for Q1 2024 were CNY 10,110,594.05, up from CNY 9,697,569.88 in Q1 2023, indicating a year-over-year increase of 4.3%[23] Financial Assistance - The company has received financial assistance of up to ¥50 million from Fuzhou Pacific[16] - The company’s financial assistance agreement was approved in the second board meeting on January 10, 2024[16] Other Financial Metrics - Financial expenses decreased by 70.69% to ¥6,831,570.01 from ¥23,311,805.67 in the previous year, primarily due to reduced borrowings[10] - Other income increased by 122.65% to ¥8,217,778.83, compared to ¥3,690,847.61 in Q1 2023, mainly due to increased government subsidies[10] - The company experienced a 395.95% increase in non-operating expenses, totaling ¥2,625,788.97, compared to ¥529,450.66 in the same period last year[11] - The company reported a tax refund of CNY 26,484,931.50 in Q1 2024, significantly higher than CNY 1,190,876.30 in Q1 2023, indicating a substantial increase in tax recovery[27]