YAWEI(002559)2024-04-25 08:23Financial Performance - The company's revenue for Q1 2024 was ¥557,989,003.60, representing a 9.49% increase compared to ¥509,631,582.98 in the same period last year[5] - Net profit attributable to shareholders decreased by 16.70% to ¥41,635,732.36 from ¥49,980,960.34 year-on-year[5] - Basic and diluted earnings per share fell by 16.72% to ¥0.0757 from ¥0.0909 in the same period last year[5] - Operating profit for the period was CNY 44,620,144.09, down 14.1% from CNY 51,954,735.91 in the previous year[19] - Net profit attributable to the parent company was CNY 41,635,732.36, a decrease of 16.6% from CNY 49,980,960.34 in Q1 2023[19] Cash Flow - The net cash flow from operating activities was negative at -¥38,136,116.28, a decline of 145.08% compared to ¥84,603,286.94 in the previous year[5] - The company reported a net cash outflow from operating activities of CNY -38,136,116.28, compared to a net inflow of CNY 84,603,286.94 in the same period last year[21] - The net cash flow from investing activities was -114,172,395.67 CNY, an improvement from -137,472,935.53 CNY in the previous year[22] - The net cash flow from financing activities was 150,764,447.53 CNY, compared to -13,138,170.50 CNY in the same period last year[22] - The company reported a net decrease in cash and cash equivalents of -1,743,570.59 CNY, compared to -66,743,034.41 CNY in the same period last year[22] Assets and Liabilities - Total assets increased by 2.92% to ¥4,526,186,530.03 from ¥4,397,689,447.11 at the end of the previous year[5] - Total liabilities rose to ¥2,692,474,994.10 from ¥2,600,266,418.95, indicating an increase of approximately 3.5%[15] - The total equity decreased to ¥1,833,711,535.93 from ¥1,797,422,028.16, reflecting a decline of approximately 2.0%[15] - The company's long-term borrowings increased to ¥190,000,000.00, marking a 100% rise from zero at the end of the previous year[8] Shareholder Information - The total number of common shareholders at the end of the reporting period is 97,039[10] - The largest shareholder, Jiangsu Yawey Technology Investment Co., Ltd., holds 7.54% of shares, totaling 41,456,751 shares[10] Financial Expenses and Subsidies - The company reported a significant increase in financial expenses by 85.11%, rising to ¥3,508,381.42 from ¥1,895,309.01 in the previous year[8] - The company received government subsidies amounting to ¥1,822,117.18 during the reporting period[6] Inventory and Receivables - Accounts receivable rose to ¥333,474,127.41 from ¥291,297,096.31, representing an increase of about 14.5%[14] - Inventory decreased to ¥1,142,312,384.96 from ¥1,201,851,995.99, showing a decline of approximately 4.9%[14] Research and Development - Research and development expenses were CNY 18,295,265.90, a decrease of 21.1% from CNY 23,154,223.57 in Q1 2023[18] Other Information - The company has completed the repurchase and cancellation of certain restricted stock, as announced on January 30, 2024[12] - The company plans to focus on market expansion and new product development to drive future growth[19] - The first quarter report was not audited[23] - The company is implementing new accounting standards starting in 2024[23]