Financial Performance - The company's operating revenue for Q1 2024 was CNY 497,390,298.99, representing a 38.05% increase compared to CNY 360,288,717.83 in the same period last year[5] - Net profit attributable to shareholders was CNY 123,993,877.03, an increase of 11.37% from CNY 111,336,302.44 year-on-year[5] - The net cash flow from operating activities reached CNY 284,640,471.45, showing a significant increase of 132.81% compared to CNY 122,263,063.24 in Q1 2023[5] - The basic earnings per share for the period was CNY 0.3024, up 11.38% from CNY 0.2715 in the previous year[5] - The net profit for Q1 2024 was CNY 154,841,008.95, representing an increase of 11.5% compared to CNY 138,802,519.28 in Q1 2023[28] - Operating profit for Q1 2024 reached CNY 176,467,757.66, up from CNY 149,479,233.96 in the same period last year, indicating a growth of 18.1%[28] - Total revenue from sales of goods and services amounted to CNY 472,294,672.47, compared to CNY 334,247,341.10 in the previous year, reflecting a growth of 41.3%[30] - The company's total comprehensive income for Q1 2024 was CNY 154,841,008.95, compared to CNY 138,802,519.28 in the same quarter last year, showing an increase of 11.5%[28] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 9,809,422,582.87, reflecting a 1.61% increase from CNY 9,654,441,175.45 at the end of the previous year[5] - Non-current assets totaled CNY 6,911,853,653.30, up from CNY 6,841,574,793.79 at the start of the year[24] - The total liabilities decreased slightly to CNY 3,924,197,239.32 from CNY 3,925,319,572.91[25] - The company's cash and cash equivalents at the end of Q1 2024 were CNY 860,887,571.95, a slight decrease from CNY 870,284,994.30 at the beginning of the year[24] - The company reported a significant increase in accounts receivable, which stood at CNY 682,412,388.26, down from CNY 766,484,959.73[24] Expenses and Costs - Total operating costs for Q1 2024 were CNY 347,788,911.89, up 50.6% from CNY 230,967,154.21 in Q1 2023[27] - Research and development expenses increased by 36.35% to CNY 18,298,381.11 from CNY 13,420,389.66 in the same period last year[9] - The income tax expense for the period was CNY 21,524,821.93, a 95.14% increase from CNY 11,030,530.61 in Q1 2023[10] - The company incurred asset impairment losses of CNY 359,753.92, a decrease from CNY 391,150.49 in the previous year, indicating improved asset management[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,755[12] Strategic Developments - The company’s subsidiary, Puxiang Bioenergy Co., Ltd., was recognized as a national high-tech enterprise[16] - The company approved the use of up to CNY 1.5 billion of idle raised funds and CNY 2.3 billion of self-owned funds for cash management[18] - A framework agreement for a waste incineration power generation project was signed with the government of Bishkek, Kyrgyz Republic[19] - A wholly-owned subsidiary, Junxin Environmental (Kyrgyz) Investment Co., Ltd., was established with a registered capital of 89.5 million som[20] - The investment agreement for the waste technology disposal power generation project was signed on March 29, 2024[21] Other Financial Insights - The company reported a 1218.07% increase in non-operating expenses, totaling CNY 698,578.59, primarily due to increased donation expenditures[10] - The company experienced a 59.78% decrease in other receivables, which amounted to CNY 854,100.73 compared to CNY 2,123,778.00 at the beginning of the year[9] - The company has not undergone an audit for the Q1 2024 report, which may affect the perception of financial reliability[32]
军信股份(301109) - 2024 Q1 - 季度财报