HARSON(SH:603958)2024-04-26 07:41Financial Performance - The company's operating revenue for Q1 2024 was ¥226,696,881.41, representing a year-on-year increase of 23.36%[5]. - The net profit attributable to shareholders of the listed company was ¥4,929,273.19, with a significant increase attributed to the growth in operating revenue[5][8]. - The basic earnings per share for the period was ¥0.022, reflecting the positive impact of revenue growth[5][8]. - The company reported a net profit of CNY 41,137,671.43 for the first quarter of 2024, compared to CNY 36,208,398.24 for the same period in 2023, reflecting an increase of about 13.4%[16]. - Net profit for Q1 2024 was ¥8,528,926.52, compared to a net loss of ¥12,529,726.72 in Q1 2023[19]. - Operating profit for Q1 2024 was ¥13,831,908.25, a significant recovery from a loss of ¥9,869,838.32 in Q1 2023[18]. - The company’s total profit before tax for Q1 2024 was ¥13,825,343.71, compared to a loss of ¥9,787,273.00 in Q1 2023[19]. Cash Flow and Assets - The net cash flow from operating activities was ¥16,071,668.83, showing an improvement due to reduced purchases of goods[8]. - Cash flow from operating activities generated a net inflow of ¥16,071,668.83 in Q1 2024, reversing a net outflow of ¥4,944,957.86 in Q1 2023[21]. - The company's cash and cash equivalents were CNY 227,746,775.26, down from CNY 357,353,079.32 at the end of 2023, representing a decrease of approximately 36.3%[14]. - Cash and cash equivalents at the end of Q1 2024 totaled ¥227,433,788.96, down from ¥331,041,196.79 at the end of Q1 2023[23]. - Investment activities resulted in a net cash outflow of ¥145,735,666.47 in Q1 2024, compared to a smaller outflow of ¥47,916,114.80 in Q1 2023[23]. - The company reported a total cash inflow from financing activities of ¥1,000,000.00 in Q1 2024, down from ¥51,000,000.00 in Q1 2023[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,828[10]. - The largest shareholder, Zhenxing International Co., Ltd., held 61.65% of the shares, indicating a strong control over the company[10]. Equity and Liabilities - The weighted average return on equity increased by 2.12 percentage points to 0.61%[6]. - The equity attributable to shareholders of the listed company was ¥808,325,344.69, showing a slight increase of 0.61% from the previous year[6]. - The company's total equity increased to CNY 823,122,265.46 from CNY 813,593,338.92, showing a growth of approximately 1.9%[16]. - Total current liabilities decreased to CNY 131,821,287.32 from CNY 156,422,575.48, a reduction of about 15.7%[16]. Asset Management - Total assets at the end of the reporting period were ¥956,948,376.34, a decrease of 1.55% compared to the end of the previous year[6]. - As of March 31, 2024, the company's total assets amounted to CNY 956,948,376.34, a decrease from CNY 972,031,548.03 as of December 31, 2023[15]. - Accounts receivable decreased to CNY 52,602,275.02 from CNY 58,774,541.28, reflecting a decline of about 10.3%[14]. - Inventory stood at CNY 317,230,366.11, slightly down from CNY 327,603,388.78, indicating a decrease of approximately 3.9%[14]. Acquisition Plans - The company plans to acquire 90% of Jiangsu Langxun Industrial Intelligent Equipment Co., Ltd., 45% of Suzhou Langkes Precision Hardware Co., Ltd., and 23.0769% of Suzhou Yeyu Enterprise Management Partnership (Limited Partnership) through a combination of issuing shares and cash payment[12]. - The company is actively progressing with the due diligence and audit assessments related to the acquisition, with further board meetings planned to review the transaction[12]. - The completion of the acquisition is subject to board and shareholder approval, as well as regulatory authority clearance, introducing uncertainty regarding its finalization[12]. Operating Costs - Total operating costs increased to ¥214,903,405.52 in Q1 2024, up from ¥189,825,502.01 in Q1 2023[18].