欣旺达(300207) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 10,974,999,651.78, representing a 4.74% increase compared to CNY 10,477,926,968.89 in the same period last year[3]. - Net profit attributable to shareholders was CNY 318,662,277.75, a significant increase of 293.45% from a loss of CNY 164,727,844.31 in the previous year[3]. - Basic and diluted earnings per share were both CNY 0.17, compared to a loss of CNY 0.09 per share in the previous year, marking an increase of 288.89%[3]. - The company's net profit margin for Q1 2024 is not explicitly stated but can be inferred from the operating revenue and total costs[17]. - The net profit for Q1 2024 was 21.80 million CNY, compared to a net loss of 366.72 million CNY in Q1 2023, indicating a significant turnaround[19]. - The operating profit for Q1 2024 was 43.44 million CNY, a substantial improvement from an operating loss of 367.69 million CNY in Q1 2023[18]. - The total comprehensive income for Q1 2024 was 17.92 million CNY, compared to a total comprehensive loss of 369.03 million CNY in Q1 2023[19]. Cash Flow - The net cash flow from operating activities reached CNY 705,856,495.31, up 167.40% from CNY 263,971,904.19 in the same period last year[3]. - The cash flow from operating activities for Q1 2024 was approximately 705.86 million CNY, compared to 263.97 million CNY in the same period last year, showing a significant increase[20]. - The company reported a significant increase in cash received from other operating activities, totaling 302.10 million CNY, compared to 178.46 million CNY in the previous year[20]. - Total cash outflow from investment activities was approximately CNY 3.24 billion, an increase from CNY 2.53 billion year-over-year[21]. - Net cash flow from investment activities was negative CNY 2.40 billion, compared to negative CNY 2.32 billion in the previous year[21]. - Total cash inflow from financing activities was CNY 4.20 billion, down from CNY 7.38 billion year-over-year[21]. - Cash outflow from financing activities totaled CNY 4.25 billion, an increase from CNY 2.85 billion in the previous year[21]. - Net cash flow from financing activities was negative CNY 47.92 million, a significant decrease from positive CNY 4.53 billion year-over-year[21]. - The net increase in cash and cash equivalents was negative CNY 1.77 billion, contrasting with a positive increase of CNY 2.41 billion in the previous year[21]. - The ending balance of cash and cash equivalents was CNY 11.90 billion, down from CNY 13.51 billion year-over-year[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 79,343,747,782.49, a slight increase of 0.10% from CNY 79,261,259,472.63 at the end of the previous year[3]. - Total liabilities increased to CNY 47,012,060,143.59 from CNY 46,816,637,267.74, reflecting a rise of approximately 0.42%[15]. - The total equity attributable to shareholders increased to CNY 23,294,026,954.15 from CNY 23,115,449,218.31, a growth of about 0.78%[16]. - Cash and cash equivalents decreased to CNY 17,081,424,146.96 from CNY 18,436,094,629.34, a decline of about 7.35%[14]. - Short-term borrowings decreased to CNY 8,404,936,250.54 from CNY 8,819,617,619.32, a reduction of approximately 4.69%[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 125,034, with the top ten shareholders holding 19.43% of the shares[7]. - The top 10 shareholders include Wang Mingwang with 361,779,557 shares (19.06%), Hong Kong Central Clearing Limited with 49,163,766 shares (2.64%), and Wang Wei with 33,111,650 shares (1.73%) among others[8]. - The company has a total of 99,334,950 shares under pledge by Wang Wei, representing 7.11% of the total share capital[8]. - The company reported a total of 16,786,417 shares held by the Invesco Great Wall Fund, which is a significant institutional investor[9]. - The report mentions that the shareholders Wang Mingwang, Wang Wei, and Wang Yu are brothers, indicating a familial relationship among major shareholders[9]. - The total number of shares held by the repurchase special securities account of the company is 14,601,258 shares, accounting for 0.78% of the total share capital[9]. - The company has a total of 99,334,950 shares under lock-up due to executive restrictions, which will be released at a rate of 25% annually[12]. Operational Insights - The company reported a total operating cost of CNY 10,799,917,736.39, slightly higher than CNY 10,726,184,581.83 from the previous year, reflecting an increase of about 0.68%[17]. - Research and development expenses for the quarter were CNY 709,998,539.71, compared to CNY 668,533,279.05 in the previous year, indicating an increase of about 6.19%[17]. - Inventory levels rose to CNY 7,393,058,433.21 from CNY 7,044,626,788.40, marking an increase of approximately 4.95%[14]. - The company has not disclosed any new product or technology developments in this quarter's report[11]. - The report does not indicate any market expansion or acquisition strategies being pursued by the company at this time[11]. - The company has not provided specific future guidance or performance outlook in the current report[11]. - The report does not mention any changes in the company's financing strategies or capital structure[11]. Audit and Compliance - The company has not undergone an audit for the first quarter report[22].