INTCO RECYCLING(688087)2024-04-25 07:52Financial Performance - The company's operating revenue for Q1 2024 reached ¥633,138,354.98, representing a year-on-year increase of 22.54%[7] - Net profit attributable to shareholders was ¥72,304,108.29, a significant increase of 519.30% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥70,163,707.77, reflecting a 594.45% increase year-on-year[7] - Basic and diluted earnings per share were both ¥0.39, marking a 550.00% increase from the previous year[8] - The overall gross profit margin improved to 26.53%, an increase of 3.21 percentage points year-on-year[10] - The net profit margin rose to 11.42%, up by 9.16 percentage points year-on-year[17] - Total operating revenue for Q1 2024 reached ¥633,138,354.98, a 22.5% increase from ¥516,660,915.18 in Q1 2023[23] - Net profit for Q1 2024 was ¥72,304,108.29, compared to ¥11,675,116.22 in Q1 2023, representing a significant increase of 518.5%[25] - Basic earnings per share for Q1 2024 were ¥0.39, up from ¥0.06 in Q1 2023, indicating a substantial growth in profitability[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,496,739,496.47, up 11.95% from the end of the previous year[8] - Total assets as of Q1 2024 amounted to ¥4,496,739,496.47, an increase from ¥4,016,685,317.82 in the previous year[20] - Total liabilities for Q1 2024 were ¥2,187,587,555.18, compared to ¥1,777,954,884.80 in Q1 2023, marking a 23.0% increase[20] - Non-current assets totaled ¥1,712,784,883.80 in Q1 2024, up from ¥1,560,366,566.01 in Q1 2023, reflecting a growth of 9.8%[20] - The total equity attributable to shareholders increased to ¥2,309,151,941.29 in Q1 2024 from ¥2,238,730,433.02 in Q1 2023, showing a growth of 3.2%[20] Cash Flow - The net cash flow from operating activities was ¥66,187,257.87, representing an 18.99% increase compared to the previous year[7] - In Q1 2024, the cash inflow from operating activities was 552,453,265.37 in Q1 2023[28] - The net cash flow from operating activities was 55,624,483.31 in the same period last year, representing a growth of 18.1%[28] - The cash outflow for investing activities totaled 62,236,584.95 in Q1 2023, indicating increased investment activity[29] - The net cash flow from investing activities was -62,192,653.97 in Q1 2023, reflecting a substantial increase in cash used for investments[29] - Cash inflow from financing activities was 397,083,480.30 recorded in Q1 2023, showing strong financing efforts[29] - The net cash flow from financing activities was 329,718,352.46 in the previous year, indicating a shift in financing strategy[29] - The total cash and cash equivalents at the end of Q1 2024 were 1,071,540,375.63 at the end of Q1 2023[29] Research and Development - Research and development expenses totaled ¥26,168,596.76, accounting for 4.13% of operating revenue, a decrease of 0.19 percentage points[8] Strategic Initiatives - The company plans to leverage its global marketing channels and enhance production capacity at its overseas facilities to drive future growth[10] - The company is advancing its "Manufacturing Base Overseas Strategy," with the Vietnam project showing strong sales momentum, contributing positively to overall performance[17] - The company plans to initiate the second phase of the Vietnam project, further enhancing its operational capacity[17] - The company has established a comprehensive supply chain in the recycled plastic sector, focusing on PS and PET products[16] - The company has implemented innovative internal competition and incentive mechanisms to enhance organizational efficiency[17] Financial Adjustments - The company reported a financial income of ¥37,131,683.91 in Q1 2024, significantly higher than ¥8,214,935.50 in Q1 2023[23] - The company’s deferred tax assets decreased to ¥4,345,803.06 in Q1 2024 from ¥6,427,324.27 in Q1 2023, a decline of 32.4%[20] - The company received 17,602,618.47 in Q1 2023, marking a 50% increase[28] - The impact of exchange rate changes on cash and cash equivalents was 7,218,939.41 in Q1 2023, suggesting improved currency stability[29]