久立特材(002318) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 reached ¥2,388,748,998.90, representing a 42.30% increase compared to the same period last year[3] - Net profit attributable to shareholders was ¥328,132,793.36, marking a 40.95% increase year-over-year[3] - The net profit after deducting non-recurring gains and losses was ¥340,247,120.87, which is a 51.41% increase from the previous year[3] - Basic and diluted earnings per share both increased to ¥0.34, reflecting a 41.67% growth year-over-year[3] - The net profit for Q1 2024 was CNY 345,752,220.54, an increase of 47.5% compared to CNY 234,402,769.46 in Q1 2023[19] - The operating profit for Q1 2024 reached CNY 398,190,206.75, up from CNY 252,938,977.99 in the same period last year, representing a growth of 57.5%[19] - The total comprehensive income attributable to the parent company for Q1 2024 was CNY 322,347,820.45, compared to CNY 232,805,681.83 in Q1 2023, reflecting a growth of 38.5%[19] Cash Flow - The net cash flow from operating activities improved significantly to ¥4,447,171.26, a 103.32% increase compared to a negative cash flow in the same period last year[3] - Cash flow from operating activities for Q1 2024 was CNY 4,447,171.26, a significant recovery from a negative cash flow of CNY -134,003,153.29 in Q1 2023[21] - The company reported a net cash outflow from investing activities of CNY -141,213,441.57 in Q1 2024, compared to CNY -121,082,580.30 in Q1 2023[22] - The net cash flow from financing activities in Q1 2024 was CNY -218,057,458.84, a decrease from a positive cash flow of CNY 23,747,746.29 in Q1 2023[22] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥12,952,384,243.54, a slight decrease of 0.49% from the end of the previous year[3] - The total liabilities decreased by 4.48% to CNY 2,196,844,095.71 from CNY 2,299,974,474.47 in the previous year[9] - The total liabilities decreased to ¥5,377,067,821.20 from ¥5,564,149,131.45, indicating improved financial health[17] - Shareholders' equity attributable to the parent company increased to ¥7,350,234,692.70, up 1.46% from the previous year[3] - The company's equity increased to ¥7,575,316,422.34, up from ¥7,451,877,903.34, showing growth in shareholder value[17] Operational Metrics - The company reported a significant increase in accounts receivable by 31.71%, attributed to higher sales revenue[7] - The company's sales expenses increased by 38.84% to CNY 103,902,103.35, compared to CNY 74,837,498.13 in Q1 2023[9] - Operating costs for the same period were ¥1,998,109,370.02, up 34.2% from ¥1,490,092,056.62 year-over-year[18] - Accounts receivable increased to ¥1,469,595,602.98, up 32% from ¥1,115,741,593.88 at the beginning of the year[16] - Inventory levels decreased slightly to ¥2,383,574,037.81, down from ¥2,441,932,383.70, indicating better inventory management[16] Research and Development - Research and development expenses increased by 17.82% to CNY 88,479,660.38, compared to CNY 75,095,866.61 in Q1 2023[9] - Research and development expenses rose to ¥88,479,660.38, compared to ¥75,095,866.61 in the previous year, highlighting a commitment to innovation[18] Strategic Initiatives - The company completed the acquisition of Jiuli Europe GmbH on April 30, 2023, which is expected to enhance market presence[8] - Future outlook remains positive with plans for market expansion and new product development initiatives[18] Financial Challenges - The company's financial expenses saw a dramatic increase of 496.49%, resulting in a loss of CNY -30,542,893.14, primarily due to increased interest income from deposits[9] - The company experienced a decrease in other comprehensive income, with a net amount of CNY -5,784,972.91 in Q1 2024, compared to CNY 5,959.82 in Q1 2023[19] - The company's investment income decreased by 78.77% to CNY 16,621,953.21, down from CNY 78,283,798.58 in Q1 2023[9]