Baosight(600845)2024-04-23 12:32Financial Performance - The company's operating revenue for Q1 2024 reached ¥3,391,127,645.46, representing a year-on-year increase of 34.44% compared to ¥2,522,490,740.15 in the same period last year[4] - Net profit attributable to shareholders of the listed company was ¥589,681,019.87, an increase of 18.19% from ¥498,913,812.01 in the previous year[4] - Basic earnings per share for the period was ¥0.250, reflecting a growth of 17.37% compared to ¥0.213 in the same period last year[5] - Operating profit for Q1 2024 was RMB 655,689,461.03, compared to RMB 573,615,608.46 in Q1 2023, reflecting a growth of 14.3%[18] - Net profit for Q1 2024 was RMB 589,384,795.18, up 14.9% from RMB 513,085,018.60 in Q1 2023[18] - The company reported a total comprehensive income of ¥526,815,176.65 for Q1 2024, compared to ¥449,471,667.54 in Q1 2023[27] Cash Flow and Assets - The net cash flow from operating activities was ¥469,884,059.44, showing an increase of 24.58% from ¥377,166,316.45 in the previous year[5] - Cash flow from operating activities for Q1 2024 was ¥527,254,005.31, compared to ¥450,009,793.86 in Q1 2023, indicating an increase of 17.2%[29] - The company's cash and cash equivalents reached RMB 6.26 billion, up from RMB 5.96 billion, indicating a growth of about 5.1%[13] - The total cash and cash equivalents at the end of the period amounted to 6,234,097,706.87 RMB, an increase from 5,756,910,976.34 RMB at the end of the previous period[21] - Total assets at the end of the reporting period amounted to ¥22,581,419,164.72, a 3.19% increase from ¥21,882,684,637.81 at the end of the previous year[5] - Total assets as of March 31, 2024, were RMB 22.58 billion, compared to RMB 21.88 billion at the end of 2023, reflecting an increase of approximately 3.2%[16] Liabilities and Equity - The company's total liabilities decreased to RMB 9.64 billion from RMB 9.79 billion, a reduction of about 1.5%[15] - The company's equity attributable to shareholders increased to RMB 11.97 billion from RMB 11.31 billion, marking a growth of approximately 5.8%[15] - The total liabilities amounted to 8,553,080,210.28 RMB, a decrease from 8,773,913,759.31 RMB in the previous period[24] Shareholder Information - The company reported a total of 61,305 common shareholders at the end of the reporting period[9] - The largest shareholder, Baoshan Iron & Steel Co., Ltd., holds 1,175,111,849 shares, representing 48.89% of the total shares[9] Operational Highlights - The increase in operating revenue was primarily driven by growth in automation and information technology business income[8] - The company aims to continue expanding its market presence and investing in new technologies to drive future growth[17] Research and Development - Research and development expenses for Q1 2024 were RMB 320,382,724.38, slightly down from RMB 325,154,088.25 in Q1 2023[17] - Research and development expenses for Q1 2024 amounted to ¥248,275,666.32, slightly up from ¥241,640,095.06 in Q1 2023[26] Inventory and Accounts - The company’s inventory decreased to RMB 3.10 billion from RMB 3.52 billion, indicating a decline of approximately 12%[13] - The inventory decreased to 2,196,447,677.47 RMB from 2,658,906,996.44 RMB, indicating a reduction of about 17.4%[23] - The company reported a decrease in accounts payable to RMB 3.64 billion from RMB 3.58 billion, a slight reduction of about 1.7%[15] - The accounts receivable increased to 2,572,396,693.74 RMB from 2,366,849,131.54 RMB, reflecting a growth of approximately 8.7%[23] Other Financial Metrics - The gross profit margin for Q1 2024 was approximately 32.8%, compared to 43.5% in Q1 2023, indicating a decrease in profitability[26] - The company did not conduct an audit for the Q1 financial statements[3] - The company acquired a 42% stake in Shanghai Turing Intelligent Manufacturing Robot Co., Ltd. for RMB 195 million, gaining actual control starting January 2024[12]