大禹节水(300021) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 462,851,953, representing a 1.19% increase compared to CNY 457,389,932.80 in the same period last year[6]. - Net profit attributable to shareholders decreased by 12.60% to CNY 8,890,538.05 from CNY 10,172,352.01 year-on-year[6]. - The net profit after deducting non-recurring gains and losses increased by 11.15% to CNY 5,865,958.07 compared to CNY 5,277,419.67 in the previous year[6]. - Basic earnings per share decreased by 35.98% to CNY 0.0105 from CNY 0.0164 year-on-year[6]. - The company reported a net profit margin of approximately -2.09% for the quarter, indicating a loss compared to the previous period[23]. - The net profit for Q1 2024 was CNY 1,179,203.31, a decrease of 71.3% compared to CNY 4,111,143.84 in Q1 2023[24]. - The total profit for the period was CNY 1,439,836.27, a decrease of 70% from CNY 4,802,467.29 in Q1 2023[24]. Cash Flow and Investments - The net cash flow from operating activities improved by 15.40%, reaching -CNY 267,032,332.28, compared to -CNY 315,651,220.06 in the same period last year[6]. - The company reported a net cash outflow from investing activities of CNY -210,894,111.88, compared to CNY -185,521,788.59 in the previous year[28]. - Cash and cash equivalents decreased to CNY 805,604,185.18 from CNY 1,150,788,261.83, a decline of approximately 30%[20]. - Cash and cash equivalents at the end of the period were CNY 704,632,002.66, down from CNY 774,308,464.70 at the end of Q1 2023[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,754,739,170.33, down 2.51% from CNY 7,954,051,923.30 at the end of the previous year[6]. - Total liabilities decreased to CNY 5,454,666,518.26 from CNY 5,667,028,846.40, a reduction of approximately 3.75%[22]. - Non-current liabilities increased to CNY 1,803,357,716.76 from CNY 1,749,679,871.54, an increase of about 3.06%[22]. - The company's equity increased to CNY 2,300,072,652.07 from CNY 2,287,023,076.90, reflecting a growth of approximately 0.57%[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,763[14]. - The largest shareholder, Wang Haoyu, holds 21.65% of shares, totaling 185,748,831 shares, with 37,300,000 shares pledged[14]. - The second-largest shareholder, Qiu Ling, owns 21.14% of shares, totaling 181,318,818 shares[14]. - Wang Haoyu and Qiu Ling are identified as acting in concert due to their familial relationship[15]. - The company has a total of 139,311,623 restricted shares held by Wang Haoyu, which are subject to a 25% annual release[17]. - The company has a total of 9,083,263 restricted shares held by Wang Chong, also subject to a 25% annual release[17]. - The company has a total of 692,177 restricted shares held by Xie Yongsheng, with similar release conditions[17]. Research and Development - The company's R&D expenses increased by 63.55% to CNY 8,741,719.14, reflecting a significant investment in innovation[11]. - Research and development expenses increased to CNY 8,741,719.14, up 63.5% from CNY 5,345,145.27 in Q1 2023[24]. Operational Performance - Total operating revenue for Q1 2024 was CNY 462,851,953, an increase from CNY 457,389,932.80 in the previous period, representing a growth of approximately 1.01%[23]. - Total operating costs for Q1 2024 were CNY 474,820,455.11, up from CNY 461,750,159.69, indicating an increase of about 2.31%[23]. - Accounts receivable decreased to CNY 2,400,435,065.69 from CNY 2,776,413,148.14, a reduction of about 13.5%[21]. - Inventory increased to CNY 470,970,559.92 from CNY 365,335,378.92, reflecting an increase of approximately 29%[21]. Financial Expenses - The company incurred financial expenses of CNY 27,988,224.60, an increase from CNY 19,307,281.28 in the previous year[24].