ZYST(300936)2024-04-24 09:04Financial Performance - The company's operating revenue for Q1 2024 was ¥57,207,835.74, a decrease of 9.91% compared to ¥63,501,347.19 in the same period last year[5] - Net profit attributable to shareholders increased by 13.50% to ¥7,975,025.46 from ¥7,026,188.83 year-on-year[5] - Basic and diluted earnings per share rose by 13.60% to ¥0.1061 from ¥0.0934 in the same period last year[5] - The total operating revenue for the first quarter was ¥57,207,835.74, a decrease of 9.06% compared to ¥63,501,347.19 in the previous period[24] - The net profit for Q1 2024 was CNY 7,395,973.22, representing an increase of 5.2% compared to CNY 7,026,188.83 in Q1 2023[25] - The operating profit for Q1 2024 was CNY 8,798,869.50, slightly down by 1.8% from CNY 8,956,657.21 in the same period last year[25] - The total comprehensive income for Q1 2024 was CNY 7,395,973.22, compared to CNY 7,026,188.83 in the same quarter last year[26] Cash Flow and Assets - The net cash flow from operating activities improved significantly, reaching ¥19,224,154.83, a 246.18% increase from -¥13,151,300.68 in the previous year[5] - Cash and cash equivalents decreased to ¥112,374,699.29 from ¥241,682,238.76, indicating a decline of 53.4%[20] - The company reported a net cash outflow from investing activities of CNY 147,709,204.17, contrasting with a net inflow of CNY 107,594,692.08 in Q1 2023[29] - The company’s cash and cash equivalents at the end of Q1 2024 were CNY 110,186,116.32, down from CNY 219,486,514.78 at the end of Q1 2023[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,109,837,073.38, reflecting a 0.76% increase from ¥1,101,422,637.52 at the end of the previous year[5] - Total liabilities increased to ¥67,711,027.35 from ¥66,692,564.71, reflecting a rise of 1.53%[22] - The total equity attributable to shareholders was ¥1,043,451,141.45, an increase from ¥1,035,476,115.99, representing a growth of 0.94%[22] - The company reported a total current asset of ¥791,707,226.69, slightly down from ¥793,796,051.75[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,047, with no preferred shareholders[11] - The top shareholder, Yu Weizhong, holds 23.57% of the shares, amounting to 17,727,600 shares[11] - The company reported a total of 48,641,250 shares with lock-up restrictions, of which 27,739,725 shares were released during the period[15] - The top ten unrestricted shareholders hold a total of 7,500,000 shares, representing a significant portion of the company's equity[12] - The company has a total of 13,113,200 shares held by executive shareholders, with 9,834,900 shares locked under executive restrictions[15] - The company’s major shareholder, Changzhou Zhongying Pipeline Co., Ltd., holds 7,500,000 shares, indicating strong insider ownership[15] - The company has reported a total of 4,431,900 shares held by Yu Weizhong, a key executive, reflecting significant executive stake[15] Operational Changes - The company completed the compensation for the demolition of its original residence, which was located at No. 28 Feilong West Road[16] - The company has relocated its production operations to a new facility at No. 28 Zhengqiang Road, due to the demolition of its previous site[17] - The company has undergone a change in its registered address due to the relocation of its operations[17] Other Financial Metrics - The total operating costs amounted to ¥53,297,538.19, down 6.56% from ¥56,811,749.23 in the prior year[24] - The operating cost specifically was ¥41,633,470.64, which is a reduction of 9.14% from ¥45,800,848.04[24] - The company incurred financial expenses of CNY -340,000.52, a decrease from CNY 170,914.57 in Q1 2023, indicating improved financial management[25] - Research and development expenses increased to CNY 3,652,217.84, up 11.5% from CNY 3,273,489.58 in Q1 2023[25] - The company has signed a concerted action agreement with shareholders, increasing the controlling shareholders' stake from 62.89% to 64.04%[18] - A total of 48,405,000 shares, accounting for 64.37% of the total share capital, will be released from lock-up on March 13, 2024[18] - The company has not reported any changes in the participation of major shareholders in margin financing activities[12] - The company has disclosed that there are no known relationships or concerted actions among other shareholders beyond those mentioned[12]