Financial Performance - The company's revenue for Q1 2024 was ¥245,620,508.07, representing a 10.26% increase compared to ¥222,766,924.55 in the same period last year[5] - Net profit attributable to shareholders decreased by 27.26% to ¥15,290,471.93 from ¥21,022,138.77 year-on-year[5] - Total operating revenue for Q1 2024 reached ¥245,620,508.07, an increase of 10.8% compared to ¥222,766,924.55 in Q1 2023[16] - Net profit for Q1 2024 was ¥15,290,471.93, a decrease of 27.5% from ¥21,022,138.77 in Q1 2023[19] - Total comprehensive income for Q1 2024 was ¥15,290,471.93, down 27.5% from ¥21,022,138.77 in Q1 2023[19] Cash Flow - The net cash flow from operating activities was -¥36,177,137.88, a decline of 87.42% compared to -¥19,302,912.53 in Q1 2023[5] - Cash flow from operating activities showed a net outflow of ¥36,177,137.88, worsening from a net outflow of ¥19,302,912.53 in Q1 2023[20] - The net cash flow from investment activities was -56,143,216.05 CNY, indicating a significant outflow compared to the previous period's inflow of 25,125,643.28 CNY[21] - The net cash flow from financing activities was 60,414,716.11 CNY, a substantial increase from the previous period's outflow of -700,000.00 CNY[21] - The company’s cash and cash equivalents decreased by 31,525,599.95 CNY during the quarter, compared to an increase of 4,860,948.09 CNY in the previous period[21] Assets and Liabilities - Total assets increased by 8.05% to ¥1,729,993,331.18 from ¥1,601,148,993.85 at the end of the previous year[5] - Current assets totaled RMB 1,099,536,887.63, up from RMB 1,055,575,069.53, indicating an increase of about 4.2%[13] - The company’s total liabilities amounted to RMB 648,557,855.56, compared to RMB 566,342,437.25 at the beginning of the year, showing an increase of approximately 14.5%[14] - Total liabilities increased to ¥724,664,153.73, compared to ¥611,675,693.65 in the previous year, reflecting a growth of 18.4%[18] - Non-current liabilities include long-term borrowings of RMB 57,988,405.00, up from RMB 26,868,800.00, indicating a significant increase of about 115.5%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,257[8] - The largest shareholder, Feng Mingming, holds 35.54% of the shares, totaling 83,161,800 shares[8] Expenses - Total operating costs increased to ¥226,800,567.81, up 15.3% from ¥196,744,571.77 in the previous year[16] - Research and development expenses for Q1 2024 were ¥12,125,641.14, an increase of 8.4% from ¥11,184,951.50 in Q1 2023[16] - The company reported a 33.01% increase in selling expenses to ¥5,003,078.04, attributed to increased revenue and enhanced business development efforts[7] - The company reported a decrease in other income to ¥918,204.85 from ¥1,861,866.49 in the previous year, a decline of 50.7%[16] Cash and Cash Equivalents - The company's cash and cash equivalents decreased by 34.95% to ¥78,390,705.87 due to the use of raised funds[7] - The company's cash and cash equivalents decreased to RMB 78,390,705.87 from RMB 120,504,964.18, a decline of approximately 34.9%[13] - The total cash and cash equivalents at the end of the period decreased to 33,209,947.51 CNY from 48,787,858.77 CNY in the previous period[21] Other Information - The company terminated its participation in establishing an industrial investment fund due to unmet fundraising expectations, which will not adversely affect its financial status[11] - The company has applied for a credit facility of RMB 150 million from Ningbo Bank, with its wholly-owned subsidiary providing a guarantee[11] - The company’s first quarter report for 2024 was not audited[22] - The company has adopted new accounting standards starting from 2024[22]
中洲特材(300963) - 2024 Q1 - 季度财报