Financial Performance - Revenue for Q1 2024 reached RMB 493,440,384.78, an increase of 43.03% compared to RMB 345,001,524.92 in Q1 2023[8] - Net profit attributable to shareholders was RMB 21,779,300.91, up 140.12% from RMB 9,070,150.47 in the same period last year[8] - Net profit excluding non-recurring gains and losses was RMB 20,383,045.41, representing a 272.95% increase from RMB 5,465,326.94[8] - Total operating revenue for Q1 2024 reached RMB 493,440,384.78, a significant increase of 43% compared to RMB 345,001,524.92 in Q1 2023[13] - Net profit for Q1 2024 was RMB 25,576,044.10, up 158% from RMB 9,936,100.98 in Q1 2023[15] - The company reported a total comprehensive income of RMB 25,576,044.10 for Q1 2024, significantly higher than RMB 9,936,100.98 in Q1 2023[15] - Operating profit for Q1 2024 was RMB 24,678,312.76, compared to RMB 9,667,601.52 in Q1 2023, marking an increase of 155%[13] Earnings and Cash Flow - Basic and diluted earnings per share increased to RMB 0.0276, up 140.00% from RMB 0.0115[8] - Basic and diluted earnings per share for Q1 2024 were both RMB 0.0276, compared to RMB 0.0115 in Q1 2023, reflecting a growth of 140%[15] - Operating cash flow for the quarter was RMB 4,182,677.79, a significant improvement of 125.18% from a negative RMB 16,609,425.13 in Q1 2023[8] - Cash flow from operating activities generated a net amount of RMB 4,182,677.79 in Q1 2024, a recovery from a negative cash flow of RMB -16,609,425.13 in Q1 2023[17] - The net cash flow from operating activities was RMB 4,182,677.79, reflecting a year-on-year increase of 125.18%, mainly due to an increase in cash collected from sales[24] - The net cash flow from financing activities in Q1 2024 was RMB 331,346,988.71, a significant increase from RMB 7,623,874.92 in Q1 2023, reflecting strong capital inflow[17] Assets and Liabilities - Total assets as of March 31, 2024, were RMB 2,880,939,833.18, an increase of 8.69% from RMB 2,650,678,847.84 at the end of 2023[9] - Net assets attributable to shareholders rose to RMB 1,835,732,265.41, a 24.89% increase from RMB 1,469,865,219.48[9] - Cash and cash equivalents increased to RMB 495,054,624.71 from RMB 158,481,484.94, showing a substantial growth[9] - The company reported a decrease in total liabilities to RMB 1,053,312,440.33 from RMB 1,192,715,244.11, indicating improved financial health[11] Investment and R&D - Research and development expenses for Q1 2024 were RMB 25,779,797.06, slightly up from RMB 25,280,891.98 in Q1 2023, indicating continued investment in innovation[13] - The company received government grants amounting to RMB 972,450.00, contributing positively to the financial results[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 86,364, with the top ten shareholders holding significant stakes, including Zhejiang Shibao Holding Group Co., Ltd. at 37.40% and Hong Kong Central Clearing Limited at 27.51%[28] - The company issued 32,987,747 new ordinary shares, increasing the total share capital from 789,644,637 shares to 822,632,384 shares, approved by the China Securities Regulatory Commission[33] Strategic Focus - The company is focused on enhancing its operational efficiency and expanding its market presence in the upcoming quarters[8] - The company achieved operating revenue of RMB 493,440,384.78, representing a year-on-year growth of 43.03%, primarily due to significant increases in sales of various steering system products and key components[24]
浙江世宝(01057) - 2024 Q1 - 季度业绩