Financial Performance - The company's operating revenue for Q1 2024 was ¥211,500,068.89, a decrease of 11.39% compared to ¥238,673,138.06 in the same period last year[4] - Net profit attributable to shareholders increased by 39.19% to ¥14,771,668.63 from ¥10,612,714.82 year-on-year[4] - Basic and diluted earnings per share rose by 37.50% to ¥0.11 from ¥0.08 in the same period last year[4] - The company's total revenue for the current period was RMB 211,500,068.89, down from RMB 238,673,138.06 in the previous period, representing a decrease of approximately 11.4%[27] - The total profit for Q1 2024 reached CNY 21,046,188.84, up from CNY 14,967,702.08 in the same period last year, marking a 40.5% growth[30] - Operating profit for Q1 2024 was CNY 18,847,455.72, an increase of 26.5% from CNY 14,921,659.94 in Q1 2023[30] - The total comprehensive income attributable to the parent company for Q1 2024 was CNY 14,771,668.63, up from CNY 10,612,714.82 in Q1 2023[30] Cash Flow - Cash flow from operating activities significantly improved to ¥20,216,860.80, a 629.53% increase from a negative cash flow of ¥3,817,886.27 in the previous year[4] - The cash flow from operating activities for Q1 2024 was CNY 20,216,860.80, a significant recovery from a negative cash flow of CNY -3,817,886.27 in Q1 2023[34] - The company reported a total cash inflow from operating activities of CNY 224,122,908.11, compared to CNY 238,885,793.95 in the previous year, reflecting a decrease of 6.2%[33] - Cash outflow from operating activities was CNY 203,906,047.31, down from CNY 242,703,680.22 in Q1 2023, indicating a reduction of 16%[33] - The net cash flow from investing activities was CNY -30,737,146.09, compared to CNY -94,016,751.47 in the same quarter last year, showing an improvement[34] - The net cash flow from financing activities was CNY -109,508,930.60, a decline from CNY -21,658,174.72 in Q1 2023[34] Assets and Liabilities - Total assets decreased by 7.01% to ¥1,196,376,950.99 from ¥1,286,566,275.02 at the end of the previous year[4] - The company's total current assets decreased from RMB 389,598,405.35 at the beginning of the period to RMB 285,796,889.91 at the end of the period, a decline of approximately 26.67%[23] - The total liabilities decreased from RMB 547,909,447.25 to RMB 473,241,872.48, reflecting a reduction of about 13.6%[25] - The company's cash and cash equivalents decreased from RMB 236,029,325.16 to RMB 114,840,621.75, a decline of approximately 51.4%[22] - The company's fixed assets increased from RMB 354,695,300.95 to RMB 364,657,563.17, an increase of about 2.7%[23] - The company's retained earnings increased from RMB 170,428,836.47 to RMB 185,200,505.10, reflecting an increase of approximately 8.5%[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,584, indicating a stable shareholder base[12] - The company has a total of 2,496,300 shares held in a repurchase account, representing 1.94% of the total shares[14] - The top 10 shareholders include Wuhu Yuanyou Investment Management Co., Ltd. with 2,660,000 shares, accounting for a significant portion of the company's equity[14] - The company plans to repurchase shares with a total amount not less than RMB 30 million and not exceeding RMB 50 million, with a maximum repurchase price of RMB 15.00 per share, potentially acquiring approximately 333.33 million shares, accounting for 2.59% of the total issued share capital[19] - As of the end of the reporting period, the company has repurchased a total of 2,496,300 shares, representing 1.94% of the total share capital, with a total transaction amount of RMB 30,480,216.62[19] Investments and Subsidiaries - The company has established a wholly-owned subsidiary in Hainan with an investment of RMB 10 million[17] - The company plans to invest a total of RMB 250 million in the construction of a commodity trading and delivery center in Gongyi City[18] - The company has completed the registration of its wholly-owned subsidiary in Gongyi City, which is part of its expansion strategy[18] - The company has established a new subsidiary in Gongyi City with a registered capital of RMB 50 million, furthering its market expansion efforts[18] - The company has completed the registration of its wholly-owned subsidiary in Hainan, indicating progress in its investment strategy[17] - The company has approved a guarantee for its wholly-owned subsidiary related to aluminum futures operations[16] - The company has increased the storage capacity for aluminum futures from 50,000 tons to 100,000 tons[16] Operating Expenses and Income - Operating expenses, including sales expenses, increased by 41.22% to ¥4,089,659.61 due to higher employee compensation and business entertainment costs[10] - The company reported a significant increase in non-operating income, which rose to ¥3,380,548.84, a 2131.84% increase compared to the previous year[10] - Total operating costs decreased from RMB 222,435,222.78 to RMB 191,699,355.08, a reduction of about 13.8%[28] - The company's net credit impairment loss improved from RMB -2,797,021.40 to RMB -2,277,995.29, indicating a decrease in losses[28] - The company's weighted average return on equity increased to 2.01%, up from 1.51% year-on-year[4]
炬申股份(001202) - 2024 Q1 - 季度财报