TOPSUN(002779)2024-04-25 11:17Financial Performance - The company's revenue for Q1 2024 was CNY 272,420,405.96, representing a 41.62% increase compared to CNY 192,360,154.13 in the same period last year[5] - Net profit attributable to shareholders was CNY 31,006,236.25, up 35.19% from CNY 22,936,136.81 year-on-year[5] - Basic earnings per share rose to CNY 0.2349, reflecting a 35.16% increase from CNY 0.1738 in the same quarter last year[5] - Total operating revenue for Q1 2024 reached CNY 272,420,405.96, a 41.7% increase from CNY 192,360,154.13 in the same period last year[21] - Net profit for Q1 2024 was CNY 31,006,236.25, representing a 35.3% increase compared to CNY 22,936,136.81 in Q1 2023[23] - Operating profit for the quarter was CNY 37,418,661.53, up 40.4% from CNY 26,647,746.87 in the previous year[23] Cash Flow - The net cash flow from operating activities reached CNY 57,586,492.53, a significant increase of 336.96% compared to a negative cash flow of CNY 24,302,054.54 in the previous year[5] - Total cash inflow from operating activities reached ¥232,236,474.77, up from ¥124,193,254.18, indicating an increase of approximately 87.4% year-over-year[24] - The cash outflow from operating activities was ¥174,649,982.24, compared to ¥148,495,308.72 in the previous year, reflecting an increase of about 17.6%[24] - The total cash increase for the period was ¥50,826,061.46, contrasting with a decrease of ¥26,744,847.34 in Q1 2023, indicating a positive shift in cash flow[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,057,196,912.68, an increase of 8.47% from CNY 974,680,324.31 at the end of the previous year[5] - The company’s total liabilities increased significantly, with other payables rising by 613.32% to CNY 27,719,642.82, mainly due to short-term borrowings by subsidiaries[9] - Total liabilities rose to CNY 328,752,422.30, compared to CNY 277,136,345.37, marking an increase of 18.6%[20] - The total equity attributable to shareholders of the parent company was CNY 728,444,490.38, up from CNY 697,543,978.94, reflecting a growth of 4.4%[20] Research and Development - The company reported a 46.43% increase in R&D expenses, totaling CNY 7,068,669.76, primarily due to increased salaries for R&D personnel[9] - Research and development expenses for Q1 2024 were CNY 7,068,669.76, a 46.5% increase from CNY 4,827,296.97 in Q1 2023[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 7,109[13] - The largest shareholder, Zhongjian Electromechanical Group, holds 31.55% of shares, totaling 41,642,700 shares, with 40,140,000 shares pledged[13] Investments and Financing - The company made an investment of CNY 23,858,798.00 in equity in its U.S. subsidiary during the reporting period[11] - The company plans to issue up to 39.6 million shares to specific investors, aiming to raise no more than ¥51,620,000[14] - The company is in the process of a stock issuance plan, which is still under progress as of the reporting date[14] Other Financial Metrics - The company received government subsidies amounting to CNY 486,873.21, which are closely related to its normal business operations[6] - The company reported a decrease in other comprehensive income, with a net amount of CNY -105,724.82 compared to CNY 59,412.79 in the previous year[23] - Deferred income tax assets increased to CNY 13,340,017.05 from CNY 12,582,176.70, indicating a growth of 6.0%[19] Inventory and Receivables - Accounts receivable rose to ¥192,789,930.13 from ¥134,688,120.35, marking an increase of 43.1%[18] - Inventory decreased to ¥232,192,795.64 from ¥288,073,551.82, a decline of 19.5%[18] Cash and Cash Equivalents - The company's cash and cash equivalents increased to ¥130,692,772.45 from ¥75,002,009.01, representing a growth of 74.4%[18] - Cash and cash equivalents at the end of Q1 2024 totaled ¥116,530,164.23, a substantial increase from ¥40,452,179.69 at the end of Q1 2023, marking a growth of approximately 187.5%[25] Audit Status - The company has not yet audited the Q1 2024 report, which may affect the reliability of the financial data presented[26]