Financial Performance - The company's revenue for Q1 2024 was CNY 173,210,748.04, representing a 2.69% increase compared to CNY 168,679,116.01 in the same period last year[5] - The net profit attributable to shareholders decreased by 0.54% to CNY 15,992,187.34 from CNY 16,079,162.04 year-on-year[5] - Total operating revenue for Q1 2024 was CNY 173,210,748.04, an increase of 2.99% compared to CNY 168,679,116.01 in Q1 2023[21] - Total operating costs for Q1 2024 were CNY 156,109,946.61, up from CNY 151,704,024.95 in the previous year, reflecting a year-on-year increase of 2.68%[21] - Net profit for Q1 2024 was CNY 15,992,187.34, slightly down from CNY 16,079,162.04 in Q1 2023, representing a decrease of 0.54%[24] - The earnings per share for Q1 2024 remained stable at CNY 0.15, consistent with Q1 2023[24] Cash Flow and Investments - The net cash flow from operating activities was CNY 30,819,019.10, down 9.57% from CNY 34,080,439.96 in the previous year[5] - The net cash flow from investment activities was -10,854,573.64 CNY, compared to -4,974,996.02 CNY in the previous period, indicating a significant increase in cash outflow for investments[26] - The cash inflow from financing activities totaled 14,974,980.31 CNY, while cash outflow was 33,748,651.54 CNY, resulting in a net cash flow from financing activities of -18,773,671.23 CNY[26] - The net increase in cash and cash equivalents for the period was 1,190,774.23 CNY, with a beginning balance of 60,686,142.83 CNY, leading to an ending balance of 61,876,917.06 CNY[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,182,776,328.73, a decrease of 2.51% from CNY 1,213,269,189.27 at the end of the previous year[5] - The total liabilities as of the end of Q1 2024 were CNY 179,897,097.49, down from CNY 226,382,145.37 at the end of Q1 2023, a decrease of 20.51%[23] - Current liabilities decreased to ¥147,271,024.17 from ¥193,369,305.95, a decline of approximately 23.9%[19] - Short-term borrowings decreased by 67.75% to CNY 13,165,743.22, reflecting a reduction in bank borrowing scale[8] - Short-term borrowings decreased significantly from ¥40,819,737.75 to ¥13,165,743.22, a reduction of about 67.7%[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,831[16] - The largest shareholder, He Junhua, holds 22.24% of shares, totaling 24,000,000 shares, with 2,650,000 shares pledged[16] - The company has no preferred shareholders or significant changes in the top 10 shareholders' equity participation[17] Operational Highlights - The company reported a significant increase in accounts receivable, up 359.35% to CNY 23,761,483.35 due to a decrease in the amount of bills transferred after receipt[8] - The company experienced a 54.31% increase in taxes and surcharges, totaling CNY 1,348,866.24, primarily due to an increase in property tax[10] - Research and development expenses for Q1 2024 were CNY 6,289,766.79, remaining stable compared to CNY 6,287,356.41 in Q1 2023[21] - The company is actively managing its financial assets, with a focus on reducing liabilities and improving cash flow[19] - The company continues to focus on market expansion and new product development as part of its strategic initiatives for future growth[21] Accounting and Reporting - The company has not undergone an audit for the first quarter report, which remains unaudited[27] - The company is implementing new accounting standards starting in 2024, which may affect financial reporting[28]
联合精密(001268) - 2024 Q1 - 季度财报