Financial Performance - The company's revenue for Q1 2024 reached ¥383,600,696.74, representing a 35.18% increase compared to ¥283,766,177.08 in the same period last year[5] - Net profit attributable to shareholders was ¥42,271,307.81, a significant increase of 1,974.82% from a loss of ¥2,254,684.67 in the previous year[10] - The basic earnings per share rose to ¥0.23, compared to a loss of ¥0.01 per share in the same period last year, marking a 2,400.00% increase[5] - The total profit for the period was ¥56,435,301.05, compared to a loss of ¥5,424,133.27 in the same period last year, driven by increased overseas orders and favorable exchange rate effects[10] - Operating profit for Q1 2024 was CNY 56.63 million, a turnaround from a loss of CNY 7.10 million in the same period last year[20] - Net profit attributable to the parent company was CNY 42.27 million, compared to a net loss of CNY 2.25 million in Q1 2023, marking a substantial recovery[20] Assets and Liabilities - The company's total assets increased by 2.19% to ¥2,024,601,449.07 from ¥1,981,188,593.76 at the end of the previous year[5] - Total assets increased to CNY 2.02 billion in Q1 2024, up from CNY 1.98 billion in Q1 2023, reflecting a growth of 2.5%[18] - Total liabilities slightly increased to CNY 211.15 million from CNY 210.01 million, indicating a marginal rise of 0.5%[18] - The company's equity attributable to shareholders rose to CNY 1.81 billion, up from CNY 1.77 billion, representing a growth of 2.4%[18] Cash Flow - Operating cash flow decreased by 53.16% to ¥33,958,474.36 from ¥72,504,302.64 in the previous year, primarily due to increased cash payments for goods and services[11] - The cash inflow from operating activities for Q1 2024 was CNY 406,783,840.84, an increase of 10.4% compared to CNY 368,936,139.52 in Q1 2023[23] - The net cash outflow from investing activities was CNY -90,912,597.38, a decrease from a net inflow of CNY 55,564,699.43 in the same period last year[23] - The net cash flow from operating activities was CNY 33,958,474.36, down 53.1% from CNY 72,504,302.64 in Q1 2023[23] - The total cash and cash equivalents at the end of Q1 2024 were CNY 213,775,602.79, a decrease of 54.5% from CNY 469,288,173.65 at the end of Q1 2023[24] Expenses - The company reported a 42.70% increase in selling expenses, totaling ¥6,948,653.88, attributed to higher marketing and promotional costs[10] - Research and development expenses for Q1 2024 were CNY 5.02 million, a decrease of 17.7% from CNY 6.10 million in Q1 2023[19] - The company reported a significant improvement in gross profit margin, with total operating costs rising to CNY 335.28 million, up from CNY 292.14 million, but at a slower rate than revenue growth[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,479[12] - The largest shareholder, Gao Fuzhong, holds 31.00% of the shares, totaling 57,310,743 shares[12] - There are no significant changes in the top ten shareholders' participation in margin financing and securities lending[13] - The company has no preferred shareholders as indicated in the report[14] Market and Future Outlook - The company plans to continue expanding its market presence and investing in new product development to sustain growth momentum in the upcoming quarters[20] Other Financial Metrics - The company's trading financial assets rose from 468,693,082.26 yuan to 551,121,200.00 yuan, reflecting an increase of approximately 17.6%[16] - The accounts receivable increased from 263,667,863.64 yuan to 280,912,088.83 yuan, an increase of about 6.5%[16] - The inventory increased from 148,776,690.83 yuan to 160,347,887.83 yuan, representing an increase of approximately 7.5%[16] - The total current assets increased from 1,197,273,909.66 yuan to 1,248,578,558.63 yuan, an increase of about 4.3%[16] - The total non-current assets remained relatively stable, with a slight decrease in long-term equity investments from 45,686,452.11 yuan to 45,478,477.11 yuan[16] Exchange Rate Impact - The company experienced a 123.53% increase in the impact of exchange rate changes on cash and cash equivalents, primarily due to the depreciation of the RMB against the USD[11] - The impact of exchange rate changes on cash and cash equivalents was CNY 1,134,569.20, compared to a negative impact of CNY -4,821,131.21 in Q1 2023[24] Accounting Standards - The company did not execute any new accounting standards for the first quarter of 2024[25]
依依股份(001206) - 2024 Q1 - 季度财报