华通线缆(605196) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 reached CNY 1,380,484,308.41, representing a year-on-year increase of 7.35%[4] - Net profit attributable to shareholders was CNY 90,243,578.81, marking an impressive growth of 83.26% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 88,104,104.06, reflecting a significant increase of 103.57% year-on-year[4] - Basic and diluted earnings per share were both CNY 0.18, up by 83.25% year-on-year[4] - Total operating revenue for Q1 2024 reached ¥1,380,484,308.41, an increase of 7.35% compared to ¥1,286,007,916.85 in Q1 2023[16] - Net profit for Q1 2024 was ¥90,196,422.89, representing a significant increase of 83.7% from ¥49,080,558.47 in Q1 2023[17] - Earnings per share for Q1 2024 were ¥0.18, compared to ¥0.10 in Q1 2023, indicating a 80% increase[17] - The company reported a total comprehensive income of ¥86,714,780.39 for Q1 2024, compared to ¥72,847,535.32 in Q1 2023, reflecting a growth of 19%[17] Cash Flow and Investments - The net cash flow from operating activities amounted to CNY 31,145,937.02, which is a 39.20% increase from the previous year[4] - In Q1 2024, the cash inflow from operating activities was CNY 1,347,450,917.37, a decrease of 6.5% compared to CNY 1,440,950,186.46 in Q1 2023[20] - Cash outflow from investment activities totaled CNY 93,588,715.97, compared to CNY 27,666,655.01 in Q1 2023, indicating a significant increase in investment spending[21] - The net cash flow from investment activities was -CNY 86,054,256.81, worsening from -CNY 21,938,355.16 year-over-year[21] - Cash inflow from financing activities reached CNY 641,176,974.44, a substantial increase from CNY 404,520,385.59 in Q1 2023, marking a growth of 58.5%[21] - The net cash flow from financing activities improved to CNY 188,926,637.58, compared to CNY 93,158,505.20 in the previous year, reflecting a growth of 102.0%[21] - The cash and cash equivalents at the end of Q1 2024 amounted to CNY 626,654,383.00, up from CNY 463,847,065.75 at the end of Q1 2023, an increase of 35.1%[21] - The company received CNY 168,718,961.96 from other financing activities, significantly higher than CNY 85,520,385.59 in the same quarter last year, indicating a strong financing strategy[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,810,077,215.61, an increase of 5.32% from the end of the previous year[4] - Current assets totaled CNY 4,220,198,980.83, up from CNY 4,008,286,938.91, indicating an increase of about 5.3%[13] - Total non-current assets reached CNY 1,589,878,234.78, up from CNY 1,508,413,442.32, indicating an increase of approximately 5.0%[13] - The company’s total liabilities increased to CNY 3,220,000,000.00, reflecting a rise from the previous period[12] - Total liabilities as of Q1 2024 amounted to ¥2,879,407,594.80, an increase from ¥2,677,004,592.44 in the previous year[15] - Shareholders' equity attributable to the parent company was CNY 2,928,869,200.98, reflecting a growth of 3.21% compared to the previous year-end[4] - Total equity attributable to shareholders reached ¥2,928,869,200.98, up from ¥2,837,905,402.06 in Q1 2023[15] Research and Development - Research and development expenses decreased by 41.33%, attributed to an increase in inventory formed from R&D activities[8] - Research and development expenses for Q1 2024 were ¥15,343,257.92, a decrease of 41.4% compared to ¥26,151,160.99 in Q1 2023[16] Other Observations - The company recognized non-recurring gains of CNY 2,139,474.75, primarily from government subsidies and asset disposals[6] - The company reported a 30.52% increase in contract liabilities, indicating a rise in customer prepayments[8] - The company has not reported any significant changes in shareholder participation in margin financing or securities lending activities[12] - There are no significant new strategies or product developments mentioned in the report[12] - The company plans to continue expanding its market presence and investing in new technologies, although specific strategies were not disclosed in the earnings call[19] - The company reported cash and cash equivalents of CNY 950,170,513.25, down from CNY 986,159,770.08, a decrease of about 3.6%[12] - Accounts receivable increased to CNY 1,623,859,146.69 from CNY 1,436,595,023.75, reflecting a growth of approximately 13.0%[12] - Inventory increased to CNY 1,236,418,811.39 from CNY 1,193,177,462.80, representing a growth of approximately 3.6%[13] - Short-term borrowings rose to CNY 1,581,531,375.95 from CNY 1,485,943,722.44, marking an increase of about 6.4%[13] - The company reported a positive impact of CNY 3,401,769.32 from exchange rate fluctuations on cash and cash equivalents, contrasting with a negative impact of -CNY 3,086,338.52 in the previous year[21] - The cash inflow from the disposal of fixed assets was CNY 4,134,459.16, down from CNY 5,598,121.24 in Q1 2023, showing a decline of 26.1%[20]