XIUQIANG GLASS(300160)2024-04-23 09:45Financial Performance - The company's revenue for Q1 2024 was CNY 394,946,339.20, representing a 15.50% increase compared to CNY 341,941,098.25 in the same period last year[5] - Net profit attributable to shareholders for Q1 2024 was CNY 73,583,064.64, up 17.15% from CNY 62,811,942.60 in Q1 2023[5] - Operating profit for the quarter was CNY 84,874,598.65, representing a 22.0% increase from CNY 69,569,793.44 in the same period last year[32] - Net profit for Q1 2024 was CNY 73,778,960.84, compared to CNY 62,671,261.05 in Q1 2023, marking an increase of 17.7%[32] - The basic and diluted earnings per share for Q1 2024 are both ¥0.0952, up from ¥0.0813 in the same period last year, representing a growth of 17.7%[33] Cash Flow - The net cash flow from operating activities decreased by 80.38%, amounting to CNY 13,776,985.62 compared to CNY 70,222,751.22 in the previous year[5] - Cash inflow from operating activities totaled ¥331.18 million, compared to ¥317.84 million in Q1 2023, indicating a year-over-year increase of 4.2%[35] - The net cash flow from operating activities decreased to ¥13.78 million from ¥70.22 million in the previous year, reflecting a decline of 80.4%[35] - Total cash inflow from investment activities was ¥778.69 million, significantly higher than ¥438,553 in Q1 2023[36] - The net cash flow from investment activities was negative at -¥12.33 million, an improvement from -¥595.96 million in the same period last year[36] - Cash and cash equivalents at the end of Q1 2024 stood at ¥475.10 million, down from ¥634.88 million at the end of Q1 2023, a decrease of 25.2%[36] - The company reported a cash outflow from financing activities of -¥5.91 million, a significant decrease from a cash inflow of ¥927.09 million in Q1 2023[36] Assets and Liabilities - The company's total assets increased by 2.24% to CNY 3,033,124,839.75 from CNY 2,966,531,790.04 at the end of the previous year[5] - Current assets totaled CNY 2,350,516,692.10, a slight increase from CNY 2,306,686,889.72, reflecting a growth of 1.9%[28] - The company's total liabilities decreased to CNY 571,617,029.29 from CNY 578,802,940.41, a reduction of 1.4%[29] - The cash and cash equivalents increased to CNY 480,252,191.23, compared to CNY 489,205,745.96, showing a decrease of 1.9%[28] Strategic Adjustments - The company made a strategic adjustment to its sales structure, increasing the proportion of high value-added products, which contributed to the revenue growth[9] - The company plans to adjust its fundraising investment projects based on market and industry dynamics[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,512[17] - The largest shareholder, Zhuhai Port Co., Ltd., holds 25.02% of shares, totaling 193,405,692 shares[17] - The total number of restricted shares at the end of the period is 52,279,197 shares, with 2,968,000 shares added during the period[20] - The company has no shareholders participating in margin trading or securities lending activities[18] Other Financial Metrics - The company recognized an investment income of CNY 3,014,250.00 during the reporting period, attributed to large bank deposits and structured deposits[13] - The company's financial expenses showed a substantial decrease of 183.23%, resulting in a net financial income of CNY -4,133,797.19, mainly due to increased exchange gains[13] - The company’s tax expenses increased by 65.48% to CNY 11,040,091.58, reflecting the rise in total profit[13] - Research and development expenses for the quarter were CNY 11,768,553.83, slightly down from CNY 12,663,081.59, indicating a decrease of 7.1%[32] Corporate Governance - The company appointed a new executive vice president and a vice president on January 15, 2024, to ensure normal operations[22] - The company completed the registration change for an expanded business scope and obtained a new business license on February 1, 2024[23] - The first quarter report has not been audited[37]