中恒电气(002364) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 349,486,588.09, representing a 29.91% increase compared to CNY 269,016,689.99 in the same period last year[4] - Net profit attributable to shareholders was CNY 11,008,655.96, a significant increase of 74.51% from CNY 6,308,167.75 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 8,974,451.38, up 104.16% from CNY 4,395,829.69 in the previous year[4] - Basic earnings per share increased to CNY 0.02, doubling from CNY 0.01 in the same period last year[5] - Net profit for Q1 2024 was CNY 7,275,361.63, compared to CNY 5,932,558.72 in Q1 2023, representing a 23% increase[19] - Earnings attributable to the parent company for Q1 2024 were CNY 11,008,655.96, up from CNY 6,308,167.75, marking a 75% increase year-over-year[19] - Comprehensive income for Q1 2024 was CNY 7,355,032.85, compared to CNY 5,937,582.83 in Q1 2023, indicating a growth of 24%[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,283,119,214.99, a slight decrease of 0.57% from CNY 3,302,020,502.47 at the end of the previous year[5] - Total liabilities as of Q1 2024 were CNY 945,334,530.73, a decrease from CNY 971,590,851.06 in the previous year[16] - Total equity attributable to shareholders of the parent company was CNY 2,317,427,050.64, up from CNY 2,306,374,702.98[16] - Current assets totaled CNY 2,312,787,047.25, down from CNY 2,382,082,662.10 at the start of the quarter, indicating a decrease of approximately 2.9%[14] - Total assets as of March 31, 2024, amounted to CNY 3,283,119,214.99, a slight decrease from CNY 3,302,020,502.47 at the beginning of the period[14] Cash Flow - Cash flow from operating activities was CNY 55,615,911.64, down 7.54% from CNY 60,153,119.50 in the same period last year[4] - The net cash flow from operating activities for Q1 2024 was ¥55,615,911.64, a decrease from ¥60,153,119.50 in Q1 2023, representing a decline of approximately 8.6%[22] - Cash inflow from operating activities was CNY 441,211,549.19, slightly down from CNY 459,349,191.09 in Q1 2023[21] - Total cash inflow from investment activities was ¥140,227,978.62, compared to ¥40,085,250.00 in the previous year, indicating a significant increase of 249.5%[22] - Cash inflow from financing activities amounted to ¥99,328,333.30, up from ¥30,000,000.00 in Q1 2023, marking an increase of 231.1%[22] - The net cash flow from investment activities was -¥51,474,796.12, worsening from -¥37,395,766.42 year-over-year[22] - The net cash flow from financing activities was -¥20,914,474.52, an improvement from -¥31,558,114.15 in the same quarter last year[22] - The total cash and cash equivalents at the end of Q1 2024 stood at ¥375,516,787.89, compared to ¥299,761,996.02 at the end of Q1 2023, reflecting an increase of 25.3%[22] Operating Costs and Expenses - The company reported a 40.71% increase in operating costs, amounting to CNY 278,905,552.54, due to higher revenue[10] - Total operating costs for Q1 2024 were CNY 353,026,609.08, up from CNY 266,691,156.80, reflecting a 32% increase year-over-year[18] - Research and development expenses for Q1 2024 totaled CNY 30,017,190.61, an increase from CNY 28,719,101.67 in the same period last year[18] Shareholder Information - The company reported a total of 44,874 common shareholders at the end of the reporting period[12] - The largest shareholder, Hangzhou Zhongheng Technology Investment Co., Ltd., holds 35.56% of the shares, with 167,889,724 shares pledged[12] Other Income and Investments - Other income increased by 76.16% to CNY 4,620,446.23, mainly from government subsidies received[10] - The company’s investment income surged by 1425.52% to CNY 1,249,839.56, attributed to profits from associated companies[10] - The company has a total of CNY 251,435,420.00 in other equity instrument investments, unchanged from the previous period[14] Audit and Accounting Standards - The company did not undergo an audit for the Q1 2024 report[24] - The report is the first to apply the new accounting standards starting from 2024[23]