Financial Performance - The company's revenue for Q1 2024 was ¥204,197,033.06, representing a 10.85% increase compared to ¥184,202,333.55 in the same period last year[5] - Net profit attributable to shareholders decreased by 11.71% to ¥20,880,986.68 from ¥23,649,885.65 year-on-year[5] - Basic and diluted earnings per share fell by 30.43% to ¥0.16 from ¥0.23 in the same period last year[5] - Total operating revenue for Q1 2024 was CNY 204,197,033.06, an increase of 10.8% compared to CNY 184,202,333.55 in Q1 2023[23] - Net profit for Q1 2024 was CNY 20,880,986.68, a decrease of 11.8% from CNY 23,649,885.65 in Q1 2023[24] - Total operating costs for Q1 2024 were CNY 178,365,367.43, up 12.8% from CNY 158,123,864.37 in the same period last year[23] Cash Flow and Investments - The net cash flow from operating activities increased by 22.59% to ¥56,904,104.55 compared to ¥46,419,378.99 in the previous year[5] - Cash flow from operating activities for Q1 2024 was CNY 56,904,104.55, an increase of 22.6% compared to CNY 46,419,378.99 in Q1 2023[26] - The net cash flow from investment activities was -194,354,534.32 CNY, indicating a significant outflow compared to the previous period's outflow of -11,264,234.44 CNY[27] - The net cash flow from financing activities was 84,396,548.04 CNY, a substantial increase from the previous period's net cash flow of 16,292,970.23 CNY[27] - The company received cash from borrowings totaling 118,800,000.00 CNY, compared to 30,000,000.00 CNY in the previous period[27] - Cash outflows for debt repayment were 30,000,000.00 CNY, an increase from 10,200,000.00 CNY in the previous period[27] Assets and Liabilities - Total assets increased by 4.02% to ¥2,040,139,582.59 from ¥1,961,338,385.73 at the end of the previous year[5] - The company's non-current assets totaled CNY 651,068,409.91, an increase from CNY 563,951,984.87, reflecting a growth of approximately 15.5%[20] - The total liabilities increased to CNY 592,272,167.90 from CNY 523,246,224.53, marking an increase of about 13.2%[20] - Cash and cash equivalents decreased to CNY 693,214,900.39 from CNY 759,052,753.08, reflecting a decline of approximately 8.7%[18] - The company's accounts receivable decreased to CNY 226,619,536.19 from CNY 253,559,552.34, a decline of approximately 10.6%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,656[12] - Ji'an Jiarun Investment Co., Ltd. holds 50.51% of the shares, totaling 68,000,000 shares[12] - The second-largest shareholder, Deng Yanqun, holds 6.46% with 8,695,520 shares[12] - The company has no preferred shareholders as indicated in the report[14] - Ji'an Jiarun Investment has 68,000,000 shares under lock-up until September 6, 2026[15] - The report indicates no significant changes in the shareholder structure compared to the previous period[13] Operational Developments - The company reported a significant increase in prepayments by 159.27%, reaching ¥3,085,369.72 due to preparations for the Thailand factory[9] - The company's short-term borrowings rose by 88.83% to ¥188,768,366.67, primarily due to funding for the Thailand factory construction[9] - The company has invested USD 34.25 million in its first overseas factory located in Thailand, which is expected to produce various types of PCB circuit boards[17] - The construction of the Thailand factory is in the installation and debugging phase of equipment as of March 2024[17] - The company is focusing on expanding its market presence in industrial control, automotive new energy, consumer electronics, and network communications sectors[17] Other Financial Metrics - The weighted average return on equity decreased to 1.45% from 4.91% year-on-year, reflecting a decline in profitability[5] - Research and development expenses for Q1 2024 were CNY 9,515,193.65, up 20.7% from CNY 7,882,633.83 in Q1 2023[23] - Other comprehensive income after tax for Q1 2024 was CNY -12,131,588.89, with no prior year comparison available[24] - The company reported a financial income of CNY 3,506,528.55 in Q1 2024, compared to CNY 350,449.56 in Q1 2023[23] Audit and Accounting Standards - The company did not undergo an audit for the first quarter report[28] - The report indicates the implementation of new accounting standards starting in 2024, affecting the financial statements[28]
威尔高(301251) - 2024 Q1 - 季度财报