Financial Performance - Revenue for Q1 2024 was CNY 164,825,172.95, a decrease of 39.13% compared to CNY 270,763,390.61 in the same period last year[5] - Net profit attributable to shareholders was CNY 38,287,362.12, down 36.43% from CNY 60,231,210.43 year-on-year[5] - Basic earnings per share decreased by 47.83% to CNY 0.36 from CNY 0.69 in the previous year[5] - Operating profit for Q1 2024 was CNY 45,237,296.87, a decline of 36.0% from CNY 70,719,553.19 in the previous year[20] - Net profit for Q1 2024 after tax was CNY 38,287,362.12, compared to CNY 60,231,210.43 in Q1 2023, reflecting a decrease of 36.5%[20] - The total comprehensive income attributable to the parent company was CNY 38,287,362.12, reflecting a decrease from CNY 60,231,210.43 in the previous year[21] Cash Flow and Liquidity - Net cash flow from operating activities was CNY 52,036,378.63, a decline of 32.92% compared to CNY 77,569,862.61 in the same period last year[5] - The company's cash and cash equivalents increased to CNY 1,200,000,000.00, up from CNY 1,000,000,000.00 in the previous quarter, indicating improved liquidity[20] - Total cash and cash equivalents at the end of the period reached CNY 2,210,979,513.29, an increase from CNY 1,388,732,327.05 at the end of the previous year[23] - Cash inflow from operating activities totaled CNY 254,549,613.02, compared to CNY 268,017,305.02 in the prior year, reflecting a decrease of 5.0%[23] - Cash outflow from investing activities was CNY 1,799,679,566.99, significantly higher than CNY 962,423,344.62 in the previous year[23] - The company reported cash inflow from investment activities of CNY 1,995,595,123.29, indicating a strong investment recovery[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,066,598,897.70, a slight decrease of 0.07% from CNY 3,068,856,575.71 at the end of the previous year[5] - Total liabilities decreased to CNY 127,942,346.18 in Q1 2024 from CNY 164,683,153.15 in Q1 2023, a reduction of 22.2%[19] - The total current assets decreased slightly to RMB 2.65 billion from RMB 2.66 billion, indicating a marginal decline of about 0.4%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period was 10,277[9] - The largest shareholder, Zhang Zhijiang, holds 30.96% of the shares, totaling 32,480,499 shares[9] - The company’s total number of shareholders with more than 5% ownership includes significant stakeholders such as Zhang Zhijiang and He Tao, indicating a concentrated ownership structure[14] - The company has a total of 78,665,698 shares subject to lock-up agreements, with 42,555,199 shares expected to be released by March 21, 2024[14] Operational Insights - The decline in revenue and profit was primarily attributed to intensified market competition and a decrease in product sales and gross margin[8] - Research and development expenses for Q1 2024 were CNY 5,656,793.94, an increase of 75.0% compared to CNY 3,236,786.21 in Q1 2023, highlighting a focus on innovation[20] - The company reported a significant increase in investment income of CNY 1,090,402.20, compared to no investment income in the same period last year[20] - The company’s strategic focus includes market expansion and potential mergers and acquisitions as part of its growth strategy[15] Other Financial Metrics - The weighted average return on equity was 1.31%, down from 4.22% in the previous year, reflecting a decrease of 2.91%[5] - The company reported a non-operating income of CNY 821,138.63, which includes government subsidies and other income[6] - The company’s inventory increased to RMB 216.62 million from RMB 183.72 million, representing a rise of approximately 17.9%[17] - The company’s fixed assets decreased to RMB 335.81 million from RMB 340.74 million, a decline of approximately 1.2%[17] - The company’s non-current assets include construction in progress valued at RMB 30.57 million, up from RMB 24.26 million, indicating an increase of about 26.5%[17] - The company’s accounts receivable decreased to RMB 180.12 million from RMB 210.72 million, a reduction of approximately 14.5%[17] Audit Status - The company has not undergone an audit for the Q1 report, which is noted as unaudited[24]
绿通科技(301322) - 2024 Q1 - 季度财报