FAWER(000030)2024-04-21 07:56Financial Performance - The company's operating revenue for Q1 2024 was ¥3,764,222,432.58, representing a 34.28% increase compared to ¥2,803,266,645.30 in the same period last year[5] - Net profit attributable to shareholders was ¥162,854,830.26, up 98.92% from ¥81,870,997.61 year-on-year[5] - Basic earnings per share increased by 80.00% to ¥0.09 from ¥0.05 in the same period last year[5] - Operating profit for the quarter was CNY 206,891,819.29, up from CNY 63,759,097.48, reflecting a growth of 224.5%[42] - The total comprehensive income for the quarter was CNY 199,201,101.74, compared to CNY 71,458,246.80, an increase of 178.5%[42] Cash Flow - The net cash flow from operating activities improved by 5.84%, reaching -¥584,508,738.63 compared to -¥620,730,759.09 in the previous year[5] - The cash inflow from operating activities for Q1 2024 was CNY 2,729,495,771.46, an increase of 32.7% compared to CNY 2,055,637,842.76 in the previous year[43] - The cash outflow from investing activities totaled CNY 347,589,249.90, down from CNY 414,116,234.86 in the same period last year[44] - The net cash flow from investing activities was -CNY 27,031,195.02, an improvement from -CNY 70,301,504.06 in Q1 2023[44] - The net cash flow from financing activities was -CNY 71,474,062.13, compared to -CNY 84,598,978.11 in the previous year[44] Assets and Liabilities - Total assets decreased by 1.43% to ¥16,734,639,955.35 from ¥16,976,862,511.90 at the end of the previous year[5] - Total liabilities decreased to CNY 7,724,375,672.15 from CNY 8,174,730,555.09, a reduction of 5.5%[40] - The company's equity attributable to shareholders increased to CNY 7,840,226,040.40 from CNY 7,671,227,259.82, an increase of 2.2%[40] Shareholder Information - Total number of common shareholders at the end of the reporting period is 32,628[34] - The largest shareholder, FAW Equity Investment (Tianjin) Co., Ltd., holds 25.38% of shares, totaling 441,995,373 shares[34] - The second-largest shareholder, Jilin Tianyi Investment Co., Ltd., holds 19.03% of shares, totaling 331,495,386 shares[34] Operational Metrics - Accounts receivable financing grew by 68.95%, indicating increased bank acceptance bill collections due to higher revenue[11] - Prepayments surged by 179.77%, primarily due to increased advance payments for mold fees from a subsidiary[12] - Sales expenses rose by 57.72%, attributed to higher after-sales service fees, rental costs, and storage fees[17] - Other income increased by 130.98%, mainly due to a rise in government subsidies received[19] - The company reported a 1,481.98% increase in non-operating income, primarily from increased penalty fees collected[23] Investment and R&D - Research and development expenses for the quarter were CNY 128,372,292.82, slightly up from CNY 120,328,308.26, indicating a focus on innovation[41] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[41] Cash and Equivalents - Total current assets at the end of the reporting period amount to ¥8,037,503,298.06, a decrease from ¥8,449,565,921.82 at the beginning of the period[38] - Cash and cash equivalents decreased from ¥1,958,395,207.44 to ¥1,268,425,504.14[38] - The total cash and cash equivalents at the end of Q1 2024 were CNY 1,202,067,651.06, down from CNY 1,485,417,798.54 at the end of Q1 2023[44] Audit Information - The company did not conduct an audit for the Q1 2024 report[45]