Geron(002722)2024-04-15 12:36Financial Performance - The company's revenue for Q1 2024 was ¥625,024,060.89, representing a 3.64% increase compared to ¥603,076,331.46 in the same period last year[7] - Net profit attributable to shareholders increased by 88.70% to ¥34,479,340.77 from ¥18,271,564.78 year-on-year[7] - Basic and diluted earnings per share rose by 70.00% to ¥0.17 from ¥0.10 in the same period last year[7] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 95.64% to ¥33,897,425.39 from ¥17,326,171.97[7] - Net profit for the period reached CNY 34,477,870.72, significantly higher than CNY 18,323,374.06 in the same period last year, reflecting a growth of approximately 88.5%[28] - The total comprehensive income for the period reached CNY 34,477,870.72, compared to CNY 18,326,724.15 in the previous period, indicating a significant increase[30] Cash Flow - The net cash flow from operating activities improved significantly to ¥8,286,059.68, a 108.59% increase from a negative cash flow of ¥96,481,413.82 in the previous year[7] - Net cash flow from operating activities was CNY 8,286,059.68, a turnaround from a negative cash flow of CNY -96,481,413.82 in the previous period[31] - Cash inflow from operating activities totaled CNY 627,608,123.96, up from CNY 609,423,783.65, while cash outflow decreased to CNY 619,322,064.28 from CNY 705,905,197.47[31] - The net cash flow from financing activities decreased by 98.99% to ¥1,429,833.93, primarily due to the absence of bank loan repayments during the period[15] - Cash flow from financing activities generated a net inflow of CNY 50,403,666.07, down from CNY 192,814,295.38 in the prior period[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,255,708,078.81, up 1.41% from ¥3,210,435,471.96 at the end of the previous year[7] - Total liabilities rose to CNY 708,409,311.98, compared to CNY 697,632,960.88, marking an increase of approximately 1.1%[24] - The equity attributable to shareholders of the parent company increased to CNY 2,545,347,438.54 from CNY 2,510,849,712.74, reflecting a growth of about 1.4%[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,013[14] - The largest shareholder, Wuchan Zhongda Yuantong Industrial Group Co., Ltd., holds 23.61% of shares, totaling 48,774,141 shares[14] - The top three shareholders, including Wuchan Zhongda Yuantong Industrial Group Co., Ltd., hold a combined 47.24% of the shares[14] Operational Efficiency - Total operating costs amounted to CNY 572,465,857.24, slightly up from CNY 569,278,815.39, resulting in an operating profit of CNY 44,532,551.18, compared to CNY 24,631,009.98 last year[28] - The company's weighted average return on equity increased to 1.36% from 0.80% year-on-year[7] - The company experienced a 34.89% decrease in receivables financing, down to ¥101,339,365.65 from ¥155,639,358.39[12] - The company’s financial expenses decreased by 57.52% to ¥1,768,011.57 from ¥4,162,116.10 year-on-year[12] - The company reported a 67.18% increase in income tax expenses, amounting to ¥10,138,717.12 compared to ¥6,064,425.25 in the previous year[12] Research and Development - Research and development expenses for the quarter were CNY 9,271,249.14, up from CNY 8,171,467.44, indicating a focus on innovation[26] Investment Activities - The company reported an investment loss of CNY 1,014,920.40, compared to a gain of CNY 469,136.78 in the previous period[28] - The net cash flow from investing activities was CNY -4,737,312.47, compared to CNY -2,989,220.19 in the previous period, indicating increased investment outflows[34] - The company received CNY 619,114,182.95 in cash from sales of goods and services, an increase from CNY 594,932,083.15 in the previous period[31] - The company reported a total cash inflow from investment activities of CNY 407,255.44, significantly lower than CNY 90,416,628.60 in the prior period[34] Inventory and Receivables - Accounts receivable increased to ¥459,955,460.76 from ¥393,105,794.05, reflecting a growth of approximately 17%[18] - Inventory at the end of the period is ¥452,885,342.28, slightly up from ¥444,545,964.42[18] - The total current assets amount to ¥2,087,696,303.07, compared to ¥2,033,937,168.99 at the beginning of the period[18]